CMA signs MOU with Astron Limited as an Accredited Practical Training Partner

Certified Management Accounts of Sri Lanka (CMA) and Astron Limited have signed an MOU certifying Astron to act as an accredited practical training organization for CMA students.

CMA was set up in 2000, with the technical assistance of CMA - Canada and was based on the guidelines of the international accounting bodies the Institute of Management Accountants of USA, the International Federation of Accountants ( IFAC), which is the world body for Accountants and the Management Accountants of the South Asian Federation of Accountants ( SAFA). CMA was incorporated by the Act of Parliament No. 23 of 2009 and this created history in the accounting world, when after 50 years since the incorporation of the Chartered Institute; a new professional Management Accounting Body was incorporated and given government recognition. CMA is now a member of the South Asian Federation of Accountants (SAFA) and an Associate Member of International Federation of Accountants (IFAC). CMA has over 18500 students and 2300 members.

Astron Limited established in 1956, Astron Ltd enjoys a history of 57 years as the first & the largest locally owned private sector manufacturer and marketer of high quality, safe and efficacious branded healthcare products in Sri Lanka.

Astron Ltd develops manufactures and markets pharmaceuticals, nutrition supplements, nutraceuticals and animal healthcare products and committed to the development of the Sri Lankan healthcare manufacturing industry. They have progressed to be one of the most reli- able healthcare companies in the country, winning respect and admiration of consumers and all other stakeholders.

This MOU will provide CMA students an opportunity to obtain practical training in the Management Accounting & Finance field from a recognized business organization which will give them a foundation to progress in their career, and obtain their membership.

The CMA practical experience component is an essential part of the CMA programme and has been developed in accordance with the International Standards of the International Federation of Accountants ( IFAC), the world body for Professional Accountants operating to meet the growing demands of competitive organizations at both national and international levels.