CMA Sri Lanka

How to Become Certified Management Accountants – CMA Sri Lanka


CMA Sri LankaInstitute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka)  is one of the leading Sri Lankan professional body for Management Accountants which was established in 2009 by parliament act. Institute of Certified Management Accountants of Sri Lanka is a full member of International federation of Accountants (IFAC) and South Asian Federation of Accountants (SAFA).The institute also provides opportunity to obtain professional study program on Management Accountancy in Sri Lanka for affordable price with compare to CIMA and other Management and Accountant courses.  This program is getting much popular due to its affordability and flexibility. The student can also follow the study program of this institute by full-time or part-time basis. There is high demand for professionals in this Institute. Those who successfully get full or part qualification of CMA got great opportunities to work in prestigious companies in Sri Lanka or aboard.

Membership of CMA Sri Lanka

Recently the institute got more than 2000 Associate and Fellow members. And the two main category of memberships is.

Associate Members of the Certified Management Accountant of Sri Lanka ACMA

Fellow Members of the Certified Management Accountant of Sri Lanka FCMA

Those who completed study program at CMA Sri Lanka with additional 3 years of practical experience student can obtain the award of Associate Membership of The Institute of Certified Management Accountants of Sri Lanka ACMA. Those who got ACMA plus 5 years experience with CPD requirement can award the Fellowship of the Institute of Certified Management Accountants of Sri Lanka FCMA

 

Study Programs of CMA Sri Lanka

The Study Program of CMA Sri Lanka includes four stages of Examination plus Interactive case study and three-year of practical training for the membership of this institute. The Four stages of this Program are Foundation Level, Operational Level, Managerial Level and Strategic Level. Management Level, Strategic Level, and Integrative Case Study conduct in English Language and for foundation and operations levels can do in Sinhala, Tamil or English Medium.

Level 1 (Foundation Level)

Subjects to follow on Foundation Level of CMA Sri Lanka

  • Management Accounting Fundamentals
  • Financial Accounting Fundamentals
  • Business Mathematics & Statistics
  • Corporate Governance & Ethics
  • Econs. & Busi.Fin. Fundamentals
  • Skill Course Units: Business English

Those who successfully completed CMA foundation Level are eligible to obtain Certificate in Accounting & Business Studies at CMA and they can complete their study on Level 2 : Operational Level.

Level 2 (Operational Level)

  • Subjects to follow on Foundation Level of
  • Operational Management Accounting
  • Financial Accounting & Reporting
  • Operations & Info. Systems Management
  • Business Law & Taxation
  • Skill Course Units
  • Business English II
  • Information Technology Applications

Those who successfully completed CMA Operational Level are eligible to obtain Diploma Certificate in Accounting & Business Studies at CMA and they can complete their study on Level 3: Managerial Level.

 

Level 3(Managerial Level)

Subjects to follow on Foundation Level of

  • Integrative Management Accounting
  • Corporate Reporting & Analysis
  • Marketing & People Management
  • Corporate Law & Advanced Taxation
  • Skill Course Units
  • Professional Communication

Those who successfully completed CMA Managerial Level are eligible to obtain Advanced Management Accounting and Business Studies at CMA and they can complete their study on Level 4: Strategic Level.

Level 4 (Strategic Level)

Subjects to follow on Foundation Level of

  • Strategic Management Accounting
  • Business Strategy & Policy
  • Financial Strategy & Policy
  • Risk and Control Strategy & Policy
  • Integrative Case Study

Those who successfully completed CMA Strategic Level are eligible to obtain Advanced Management Accounting and Business Studies  at CMA Sri Lanka and they can complete their study on Level 5 : Integrative Case Study Level.

Level 5

Those who successfully completed CMA Level 5 are eligible to obtain  Final Examination Certificate and the full academic study program of CMA Sri Lanka stops here after student completed CMA Level 5 with additional 3 years of practical experience student can obtain the award of Associate Membership of The Institute of Certified Management Accountants of Sri Lanka ACMA.

 

Those who obtain Associate Membership of The Institute of Certified Management Accountants of Sri Lanka and with that additional 5 years experience with CPD requirement can award the Fellowship of the Institute of Certified Management Accountants of Sri Lanka FCMA

 

Exemption of CMA Sri Lanka

One of the main advantage to flow this membership program is the exceptions which occupied by this institute. There are more subjects and level exempt for other professional and academic

  • Higher National Diploma in Accountancy (HNDA)
  • Higher National Diploma in Management (HNDM)
  • Higher National Diploma in Business Administration (HNDBA)
  • Higher National Diploma in Business Finance (HNDBF)
  • Higher National Diploma in Business Finance (HNDE)
  • The Association of Chartered Certified Accountants (ACCA)
  • Institute of Bankers of Sri Lanka (IBSL)
  • Chartered Institute of Management Accountants (CIMA)
  • Institute of Bankers of Sri Lanka (IBSL)
  • Degree from a recognized university

Student can see the full list of exemption database offers by CMA by following link (CMA Exemption Database ) http://www.cma-srilanka.org/exemptions-database.html

Some Advantage for follow CMA Sri Lanka qualifications

Those who successfully obtained CMA qualifications are also eligible to obtain exception for other professional bodies and universities such as.

Those who successfully Completed CMA can get exemptions by CIMA (UK) for subject and Foundation Level and Operation Level.

For Association of Chartered Certified Accountants – ACCA (UK) , CMA qualified student can obtain maximum of 9 exceptions out of 14 exams in total study program so student need only to complete 5 subjects to obtain ACCA qualification.

The CMA fully qualified student can enter in to Bachelor of Management Studies (BMS) degree conducted by Department of Management Studies at Open University to its 5 th Level and the entire program contain 6 levels. But another advantage is those who are completed operation level or above levels in CMA can also get register for Level 5 and precede the degree but the only eligible to get the degree certificate after completion of CMA program.

 

Contact Details of CMA Sri Lanka

Institute of Certified Management Accountants of Sri Lanka

29/24, Visakha Road

Colombo 04

Sri Lanka

 

Tel          +94 (0)11 2506391, 2507087, 4641701-3

Fax         Ext 118

E-mail: secretariat@cma-srilanka.org

web : http://www.cma-srilanka.org/

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