The main purpose of The Chartered Institute of Cost and Management Accountants   (CICMA) is to foster and maintain high standard of professional ability and practice in Cost and Management Accounting and related disciplines. Precisely, the objects and purposes of the Chartered Institute of Cost and Management Accountants (Nigeria) are as follows:

1 To provide an organization, which shall be national and international in scope and activities for Cost and Management Accountants, Treasurers and Finance officers in Government Ministries, Parastatals, Corporations, commercial, Public Bodies, Local Government and other Industrial Organizations;

2 Prescribe a standard and level of efficiency and experience as essential qualities for election of members, thereby conferring upon them a recognized status by virtue of such membership;

3 Secure a professional status necessary to promote and encourage the study and development of the science of Cost and Management Accountancy;

4 Enhance and increase knowledge and efficiency in Cost and Management Accountancy both in the public and private practice in Industry and Commerce;

5 Maintain a Register of Members and publish from time to time a list of such members;

6 Conduct examination in Cost and Management Accountancy and other subjects relevant to the profession and issue certificate of merit on the result and make awards as desirable;

7 Promote the highest professional standard of competence in the practice of the profession and the conduct of members;

8 Perform through the Council the functions referred on it by the Act of the Chartered Institute of Cost and Management Accountants (CICMA)