CMA signs MOU with HSBC Data Processing Lanka as an Accredited Practical Training Partner
Institute of Certified Management Accountants of Sri Lanka (CMA) and HSBC Global Service Delivery-Colombo have signed an MOU certifying HSBC Data Processing Lanka (pvt) Ltd to act as an accredited practical training organization for CMA students. The President of CMA Sri Lanka Prof. Lakshman R.Watawala (right) presents the accredited training Partner certificate to Lasantha Dasanayaka- Vice President HR of HSBC Technology and Services- Service Delivery in the presence of Ms. Sumudu Pagoda Director – Operations of CMA, Dr. Swineetha De Livera Director-Education & Examination of CMA, Kumudu Morawaka – Vice President Finance of HSBC Technology and Services and Dimuthu De Silva – Communication Development Specialist of HSBC Technology and Services 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 a Member of International Federation of Accountants (IFAC). CMA has over 18500 students and 2300 members. HSBC Global Service Delivery Colombo commenced operations in April 2004 as a fully owned subsidiary of HSBC Holdings plc to deliver high quality financial and professional services to the Group’s global operations and businesses.GSD Colombo has over 2,500 staff working a 24/7 operation to provide the HSBC Group in the UK, USA, Middle East, Asia Pacific, Malta and Brazil with back office General Processing (BPO), and professional / knowledge based work (KPO) with the expansion of HSBC Securities, Financial Crime Compliance, Global Trade and Publishing Services work that provides more complex and value added services.Set in a world class, multi-cultural work environment, GSD Colombo also provides its employees with numerous career development programs not only developing their skills but also to exceed our expectations. 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.