A Professional Qualification with a degree

“If you fail to get university admission, you need something to do”

“Yes, yes, everyone seems to be turning towards accounting. Won’t the accounting field be overloaded?”

Not at all. The global data indicate that the future of the accounting profession is glowing and the demand for accountants is rising by the year as accountants are an essential factor to serve the complex demand of rapidly changing global business environment. In most countries there is a sizable shortage of qualified accountants. For instance, in Malaysia, there is recorded shortage of 60,000 accountants and the country’s government is offering substantial benefits to pursue the expatriate accountants to return. Unprecedented growth in China has created exploding demand for accounting professionals in the country and due to Chinese investment and projects especially in other Asian countries has permeated the demand for accounting professionals to those countries as well. India, the other developing giant in Asia together with development of many economies in the South East Asia has swelled the demand for accountants.

Though there is a lack of data in the domestic scenario, it is obvious that the number of businesses is increasing in Sri Lanka through investment from other countries such as China and India as well as owing to government initiatives. The government’s concept of creating five strategic hubs - knowledge, commercial, maritime, aviation and energy- will stimulate and enable establishing of more companies of large, medium and small scales. This, in turn, will enhance the opportunities for accounting professionals as every one of these businesses needs to be serviced by them, full or part time.

Path finding Management Accountants

Accountants of any type help the organization they work, public or private, to function properly and according to guidelines and laws. However, it is the management accountants who help companies/ organizations to find paths leading to growth and development. Because, it is they, who analyze data, make forecasts, prepare budgets, draw plans, choose & manage investments, find ways to minimize risks and guide the decision makers of the company to take informed, sound and effective decisions. Management accountants are always futurists who, by the nature of their profession, are allowed to be creative.

When you want to be creative, future looking, part of the decision making mechanism in the place you work and want to take snap shots of the future with the camera of your knowledge and present them to the management, you should consider doing management Accounting rather than financial accounting. If you are a management accountant, you will never be bored with your work as you work involves tasks that are extremely diverse compared to many other careers.

Broad Education with range of opportunities

The education to become a management accountant comprise of a broad range of subjects such as management accounting, financial accounting, strategic management, business studies, economics, human resources, taxation etc. and this will open up more than one door of career prospects for you. At a later stage, if you decide that you don’t want to be crunching numbers for the rest of your life, it is much easier to divert into another career ranging from management to research to banking and many more. The Best for you, CMA When you decide that you want to become a management accountant, the very place to look at is the Certified Management Accountants of Sri Lanka (CMA), because it will give you incomparable opportunity to gain entry to a coveted career with substantial financial rewards. CMA is the national Professional body in Sri Lanka for Management Accounting incorporated by act of Parliament no 23 of 2009.

CMA lets you acquire a national qualification, with simple entry requirements and at a cost that won’t stress the financial management of your family. However, this would be a good opportunity for students after advanced level with syllabus content complying with “International Federation of Accountants” (IFAC) International Accounting Standards.

St.Mary’s College -Trincomalee

Christ Church Girls’ College of Baddegamma -Galle visited St.Mary’s College -Trincomalee college on May 3 with 100 students, 13 teachers & parents.

St. Henry’s College – Illavalai

25th Anniversary of the PPA-France will be held on June 12 at France.

Royal College – Colombo

Drama Comp2016 was held on May 10 at Lionel Wendt Art Centre from 6pm to 9 pm.

Kalutara Vidyalaya - Kalutara

Mr. Sarathchandra Silva, the principal of KalutaraVidyalaya being elected as the new President of Sri Lanka School Cricket Association (SLSCA) uncontested.

Zahira College – Mawanella

Past Prefects Dinner night 2016 will be held on May 21 at 7 pm.

St. Thomas’ College – Bandarawela

Parents meeting for the Grade 6 & 7 was held on May 13 at the Kebel Hall with the patronage of the Head Master Rev. Fr. Christopher Paulraj.

Richmond College – Galle

The Pirith chanting ceremony, celebrating the marking of 140th Anniversary of Richmond College was held on the April 30 at College Main Hall.

Visakha Vidyalaya – Colombo

The annual medical camp organized by the medical subcommittee of Old Girls’ Association was held on Sunday May 8 at 9.00 am onwards at the college premises.

Registering or studying for any other course does not hamper your chances of becoming a management accountant with CMA qualification. You can study for both as you can follow CMA course at home with study packs available at a reasonable price, or study online using e-learning facility available at CMA, Sri Lanka. In addition, doing another course will be more beneficial, as CMA, Sri Lanka has decided to offer exemptions and discounts for such students. 50% discount for SLIATE and university students

For students of Sri Lanka Institute of Advanced Technological Education (SLIATE) and university are entitled for a 50% discount on CMA registration fees, annual subscriptions and exemption fees. In addition, they will receive subjects or level exemptions according to the level of achievements of the course. Exemptions for CMA students for OUSL BMS Degree

Following CMA qualification puts you very much in an advantageous position when you decide to add a Business Management Degree to your resume. At the successful com- pletion of the Managerial Level of CMA (Level III), students are eligible to jump over the first 4 Levels of the Business Management Degree (BMS) of the Open University of Sri Lanka (OUSL) and have only two levels to complete to obtain a Bachelors’ Degree. It is noteworthy that the OUSL allows the students to register for the degree upon commencing the CMA Managerial Level.

For further details and to register you could contact the CMA Student Registration Division on Tel. 011 4641701-3 ,Bhanuka 0766375456 and Indika 0777593562 or e mail info@ cma-srilanka.org