CIMA in Sri Lanka

Qualified Management Professional After CIMA in Sri Lanka


CIMA in Sri LankaThe CIMA in Sri Lanka is one of the highly recognized professional qualifications in Accounting and Management which highly accepted in international level. CIMA is founded in 1919 and it’s the largest professional body for Management Accountants in globally and there are more than 218,000 members and students operations more than 177 countries. CIMA Sri Lanka is governed by the CIMA United Kingdom and this professional qualification is recognized all over the world. There are around 28,000 CIMA members and 15,000 CIMA in Sri Lanka Students  the numbers are increasing higher and higher. CIMA members can use their membership for become member of Chartered Global Management Accountant (CGMA) which recognized by employers global level.

Most of CIMA qualified persons got more chances to become top management level positions in companies as well as government sector of Sri Lanka. Minimum Entry qualification to follow this program is to be more than 16 years old. But in Sri Lanka those who pass G.C.E Ordinary Level Exam enter in to follow CIMA at foundation Level. Most of university undergraduates follow this professional membership program because of the value of the qualification in corporate sector. CIMA in Sri Lanka exams are conducted under the guidance of Department Of Examinations Sri Lanka and CIMA Global twice a year.

Membership of CIMA in Sri Lanka

The Qualification of CIMA is mainly divide in to two Stages such as

  • Certificate in Business Accounting (Cert BA) and
  • CIMA Professional Qualification

The Study program of CIMA Qualification can further divide in to three levels such as Operational Level, Management Level, Strategic Level and the syllabus compress three leaning pillars such as Enterprise Pillar, Performance Pillar and Financial Pillar.

Those who successfully completed first stage of CIMA in Sri Lanka get award CIMA Certificate in Business Accounting and for Professional Level .Those that completed Operational Level Successfully obtain CIMA Diploma in Management Accounting. For Management Level CIMA Advanced Diploma in Management Accounting and for Pass Strategic Level plus Assessment of Practical Experience obtain the Membership of Management Accountant and CGMA designations. If we consider about the recognition on international level 88% of fortune 500 companies employed by CGMA designation holders.

Certificate in Business Accounting at CIMA

The certificate in Business Accounting is the basic foundation level of CIMA in Sri Lanka . The student those who are having little or no background in accounting filed can enter in the program and gain the certificate which lead to Diploma Level of CIMA. The Certificate in Business Accounting in CIMA Compromise five subjects as follows

  • Fundamentals of management accounting
  • Fundamentals of financial accounting
  • Fundamentals of business mathematics
  • Fundamentals of business economics
  • Fundamentals of ethics, corporate governance and business

Those who successfully complicated the CIMA Certificate in Business Accounting can put the letter of “CIMA Cert BA” after your name.

CIMA Operational Level

Operation level is the first level of the CIMA professional qualifications and this level consist of four exams such as Organizational Management (E1), Management Accounting (P1), Financial Reporting & Taxation (F1) and Operational Level Case Study. Those who successfully get pass these four exams are elegible to get award the CIMA Diploma in Management Accounting and they can also enter in to CIMA Management Level. Following are summary of syllabus in relevant exams.

Organizational Management (E1)

  • Introduction to organizations
  • Managing the finance function
  • Managing technology and information
  • Operations management
  • Marketing
  • Managing human resources

Management Accounting (P1)

  • Cost accounting systems
  • Budgeting
  • Short-term decision-making
  • Dealing with risk and uncertainty

Financial Reporting & Taxation (F1)

  • Regulatory environment for financial reporting and corporate governance
  • Financial accounting and reporting
  • Management of working capital cash, and sources of short-term finance
  • Fundamentals of business taxation

Operational Level Case Study

 

CIMA Management Level

Management level is the second level of the CIMA in Sri Lanka professional qualifications and this level consist of four exams such as Project and Relationship Management (E2) , Advanced Management Accounting (P2) , Advanced Financial Reporting (F2) and Management Level Case Study. Those who successfully get pass these four exams are eligible to get award the CIMA Advanced Diploma in Management Accounting and they can also enter in to CIMA Strategic Level. Following are summary of syllabus in relevant exams mentioned above.

Project and Relationship Management (E2)

  • Introduction to strategic management and assessing the global environment
  • The human aspects of the organization
  • Managing relationships
  • Managing change through projects

Advanced Management Accounting (P2)

  • Cost planning and analysis for competitive advantage
  • Control and performance management of responsibility centres
  • Long-term decision-making
  • Management control and risk

Advanced Financial Reporting (F2)

  • Sources of long-term finance
  • Financial reporting
  • Analysis of financial performance and position

Management Level Case Study

CIMA Strategic Level

Strategic Level is the third level of the CIMA professional qualifications and this level consist of four exams such as Strategic Management (E3) , Risk Management (P3) , Financial Strategy (F3)

And Strategic Level Case Study. Those who successfully get pass these four exams are eligible to get award the Membership of CIMA and CGMA Designation .Following is summary of syllabus in relevant exams mentioned above.

Strategic Management (E3)

  • Interacting with the organization’s environment
  • Evaluating strategic position and strategic options
  • Leading change
  • Implementing strategy
  • The role of information systems in organisational strategy

Risk Management (P3)

  • Identification, classification and evaluation of risk
  • Responses to strategic risk
  • Internal controls to manage risk
  • Managing risks associated with cash flows
  • Managing risks associated with capital investment decisions

Financial Strategy (F3)

  • Formulation of financial strategy
  • Financing and dividend decisions
  • Corporate finance

Strategic Level Case Study

 

CIMA-Syllabus-2015

CIMA Tuition providers in Sri Lanka

There are so many tuition classes available for tuition purposes in Colombo and other major cities in Sri Lanka. Following are some of the approved tuition service provider for CIMA exams in Sri Lanka.

 

Wisdom Business Academy (Pvt) Ltd

15B Station Road

Colombo 03

Sri Lanka

Telephone Number: +941123709956

Fax Number: +94112372128

Email: melani@wisdombusiness.com; cwijayaratne@wisdombusi

 

Imperial College

320 1/1 Galle Road

Colombo 03

Sri Lanka

Telephone Number: +94114515253

Fax Number: +94112501978

Email: info@icbsgroup.com

Web site: http://www.icbsgroup.com

 

Virtual Business School

10 Weerasinghe Mwatha

Waragoda

Kelaniya

Telephone Number: +94773874541

Fax Number: +942662253

Email: gajendra@virtual.lk

Web site: http://www.virtual.lk

 

Academy of Management Education

33/1 St. Mary Road

Mount Lavina

Western Province

Sri Lanka

Telephone Number: +940115555460

Fax Number: +940115555460

Email: ameinfo@sltnet.lk

 

Apex Business Academy (pvt) Ltd

No:84, Rahula Road

Matara

Southern Province

Sri Lanka

Telephone Number: +94412229555

Fax Number: +94412225589

Email: apexed.matara@gmail.com

 

Genius School of Professional Studies (Pvt.) Ltd

No. 18, 02nd Floor

Jayawansa Building

Mihindu Mawatha

Kurunegala

Telephone Number: +94719993949

Email: genius.gsps@yahoo.com

 

Spectra Skills

9 Stanley Road

Jaffna

Telephone Number: +94212221422

Email: Jaffna@spectraskills.com

Web site: http://www.spectraskills.com

 

Contact Details of CIMA in Sri Lanka

 

Colombo:

356 Elvitigala Mawatha

Colombo 05

Sri Lanka

Tel: +94 (0)11 250 3880 (Colombo)

Fax: +94 (0)11 250 3881 (Colombo)

Email: colombo@cimaglobal.com

 

Kandy:

229 Peradeniya Road

Kandy

Sri Lanka

Fax: 94 (0)81 739 3910 / 222 7882 (Kandy)

Fax: 94 (0)81 222 7883 (Kandy)

Email: kandy@cimaglobal.com

 

 

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