CMA Graduation 2010

The Institute of Certified Management Accountants of Sri Lanka held its 7th Graduation ceremony at the New BMICH Colombo recently.

This is a memorable year for CMA as it celebrates its 10th year since it commenced operations in 2000.

This year 43 Fellow Members, 200 Associates, 32 Passed Finalists, 160 Professional I level students, 279 Intermediate students, 65 designated AMAs (Associated Management Accountants) received certificates.

The scholarships offered by CMA Sri Lanka for A' level students, undergraduates, as well as deserving students, police and the services, government servants are an example of CMA recognizing and supporting talented Sri Lankan students and those in employment.

This year 61 CMA scholarships were awarded based on selected criterion.

The Institute of Certified Management Accountants (CMA) of Sri Lanka was incorporated by Parliament Act No.23 of 2009 in April 2009. CMA is the National Professional Management Accounting Institution in Sri Lanka. Since its inception in 2000, CMA has steadily progressed to an Institute comprising over 12000 students and 2000 Members.

As a National Management Accounting Body CMA provides education in English, Sinhala & Tamil media.

The steady progress of CMA during the past 10 years is attributed to the importance of promoting Management Accounting in business organizations, provision of a business qualification, the affordability of the professional programme, making it available to urban and rural students, and its recognition by local universities and global management accounting institutes.

The Chief Guest was Chairman, University Grants Commission Prof. S.V.D.G. Samaranayake and the Guest of Honour was Prof. of Accounting, Dept of Accounting of the University of Sri Jayawardanepura Prof. M.W. Wickramarachchi. President of CMA Sri Lanka, Prof. Lakshman Watawala said that CMA had made a significant contribution to the Management Accounting Profession in Sri Lanka. He thanked CMA Canada for their assistance to continuously maintain high standards, providing international recognition to CMA Sri Lanka.

The exchange of MOUs between the Advanced Technical Institute of the Higher Education Ministry and CMA Sri Lanka then took place with Director General, Sri Lanka Institute of Advanced Technological Education Kamal Pathmasiri officiating.

This will enable ATI students to obtain exemptions from CMA examinations and complete the CMA Professional exam.

CMA also took the opportunity to recognize the large number of Practical Training Partners who will provide practical training to students.