ICMAP Managerial Level case studies
ICMAP Managerial Level · Put your knowledge to work in context.
The ICMAP Managerial Level is a stage of the professional accounting qualification offered by the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan). It sits above the foundation and operational stages and below the final level, and is aimed at candidates who already have a grounding in accounting and business fundamentals and are moving toward management accounting roles in industry, commerce, and the public sector. The ICMAP Managerial Level case studies are 7 cases and about 4,185 words.
1The Revaluation Reserve That Wasn't There
Ridgeway Components Ltd (RCL) bought a specialised press on 1 January 20X1 for Tk 12,000,000. Management estimated a 10-year useful life with no residual value and has used straight-line depreciation.
627 words, about 3 min2The Overhead Absorption Puzzle at Dhaka Textiles
Dhaka Textiles Ltd produces two fabrics, Cotton and Blend, in a single department. Budgeted monthly data: machine hours 10,000; direct labour hours 4,000; fixed production overhead Tk 3,000,000.
541 words, about 3 min3The Director Who Voted Against the Loan
Meghna Engineering Ltd has five directors. At a board meeting, the managing director proposed a Tk 50,000,000 loan to a company owned by his brother-in-law, secured only by a personal guarantee.
612 words, about 3 min4The Timing Game on Advance Tax
Padma Pharma Ltd estimates its taxable income for the year at Tk 40,000,000 and, under the applicable advance-tax regime, must pay tax in quarterly instalments. The CFO, facing a liquidity crunch before a large receivable lands in the final quarter, proposes to understate the first three instalments by declaring an estimated income of Tk 25,000,000, then 'true up' in the final instalment after the receivable is collected.
567 words, about 3 min5The Project That Clears the Hurdle - Just
Jamuna Foods Ltd is evaluating a 5-year expansion requiring an initial outlay of Tk 60,000,000. Forecast annual operating cash flows are Tk 18,000,000.
629 words, about 3 min6The ERP Rollout and the Missing Controls
Sundarban Distributors Ltd is mid-way through an ERP implementation. To meet a go-live date, the project team migrated master data with 'temporary' access rules: the warehouse supervisor can both create purchase orders and approve goods receipt; the accounts payable clerk can create a new supplier and approve an invoice for that supplier; and the old system remains live in 'read-only' mode but is still used by two staff to post adjustments.
576 words, about 3 min7The Distributor Who Became a Competitor
Padma Ceramics Ltd sells through 40 independent distributors. Its largest, accounting for 28% of revenue, has begun private-labeling a competing ceramic line sourced from a lower-cost manufacturer and is now selling it alongside Padma's products to the same retailers.
633 words, about 3 min