CMA provides dual qualification -Professional Qualification and a University Degree through CMA course

After A/L results there is no need to worry about what to do and where to go. Institute of Certified Management Accountants (CMA) of Sri Lanka has already paved a clear path for these after A/L to become management accountants with high quality, in a shorter period of time at a lesser cost.

Basically, management accounting is a combination of cost and management accounting, financial accounting and strategic management which are essential ingredients to make a business successful. Management Accountants are employed by the private sector, government sector as well as non-governmental organizations. Their main responsibility is to prepare, analyse financial & cost data that are to be used within the company. Managing risks, making budgets, doing strategic planning together with other management staff, making decisions etc., are among other responsibilities. Choosing management accounting as one’s career would be rewarding and gratifying. Management accounting qualification can lead students to become Management accountants, Chief Financial Officers, Financial Director, financial controllers, Cost Accountants, Assistant Accountants, Accountants.

CMA is a professional management accounting body that offers the National Professional Management Accounting qualification. It was incorporated by Parliament Act No. 23 of 2009 as the National Professional Management Accounting Institution in Sri Lankato fulfil a national need in Sri Lanka. over 175 members and associates in more than 130 countries and jurisdictions, representing almost 3 million accountants in public practice, education, government service, industry, and commerce.

CMA, Sri Lanka holds the membership of the South Asian Federation of Accountants (SAFA) which is the forum for accountancy bodies in the South Asian region.

CMA received the membership from the Confederation of Asian & Pacific Accountants (CAPA) the accounting body for Asian and Pacific region.

Students who pass GCE A/L examination in three subjects can register and select a medium of their choice either English, Sinhalese or Tamil. For those in employment if they have two years of working experience in accounts/finance then they can register for the examination. The A/L students in any stream can register for CMA.

When you register for CMA you have the opportunity to obtain a Bachelor of Management Studies Degree by obtaining exemptions and completing the balance units while doing the CMA examination. At the successful completion of the Managerial Level of CMA (level 111) students are eligible to be exempt from the First 2 Levels of the Management studies Degree (BMS) of the Open University of Sri Lanka and have only two levels to complete to obtain a Bachelor’s Degree. Students who have missed the University Entrance can now become a degree holder in addition to becoming a professional management accountant.

CMA, Sri Lanka has entered into Training Partner Agreements with a number of leading commercial entities as well as principal banks in Sri Lanka to provide opportunities for its students to undergo mandatory practical training. Training partners have agreed to provide placements in their companies/banks for CMA registered students as and when vacancy occurs in relevant divisions.

The Post Graduate Institute of Management - University of Sri Jayawardanapura, University of Colombo and University of Kelaniya will entertain applications from CMA passed finalists for its MBA programs.

E-learning and video lectures are the mode of education that would help students and working adults to conquer issues such as distance and lack of time. They can study for CMA exams from home, or at their spare time while following another course or while doing a job. This could be the tailor made solution for AAT holders who are already employed but aspire to further their education in accounting to realize higher ambitions.

50% discount for SLIATE and university students

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

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