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Mon, 28/12/2015 - 22:32

CMA Sri Lanka signs MOU with Uwa Wellassa University of Sri Lanka as an Educational Partner

 

CMA Sri Lanka signs MOU with Uwa Wellassa University of Sri Lanka as an Educational Partner

 


 

Left to right

Ms. Jinandhi Chandrarathna CMA, Ms. Madhushi Hapuarachchi CMA, Mr. Madhuranga Kulathunga Lecturer UWU, Dr.Imali Fernando Dean Faculty of Management UWU, Mr. M B Ismail Vice President CMA, Dr. C. Chandrasena Vice Chancellor UWU, Mr.Hennayake Bandara Council Member CMA, Mr. L B Wattegedara Consultant CMA, Dr  Swineetha De Livera Director Education & Examination CMA, Ms.Sumudu Pagoda Director Operations CMA and Mr. Danuka Sirinama Senior Manager Marketing.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      The Institute of Certified Management Accountants of Sri Lanka (CMA) and the Uwa Wellassa University of Sri Lanka signed a Memorandum of Understanding (MOU) at the Institute of Certified Management Accountants of Sri Lanka (CMA), paving path to the students of Uwa Wellassa University of Sri Lanka to obtain a recognized professional accounting qualification to specialize in Management Accounting while studying for the degree qualification. The MOU was signed by the Vice Chancellor of the UWU, Dr.C Chandrasena and the Vice President of CMA Mr.M.B Ismail and in presence of the gathering of officials of CMA which was initiated by Dean, Faculty of Management , Dr.Imali Fernando .

The Uva Wellassa University (UWU) of Sri Lanka was established by government gazette effective 1 June 2005 in Badulla. In establishing this university, a team headed by Professor H.P.M. Gunasena submitted a report followed by a further detailed concept paper prepared by the Coordinating Committee for the establishment of the Uva Wellassa University headed by Mr. Chandra Embuldeniya. Based on this concept paper, which outlined a new model for the setting up of this university avoiding traditional pitfalls the UGC Chaired by Prof. B.R.R.N. Mendis cleared the way for this university. Mr. Chandra Embuldeniya was later appointed as Vice Chancellor effective 27 July 2005. The university has a strong concept based on the theme; value addition to the local resource base and supported by a young team of qualified lecturers ready to take off.

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 Accounting bodies of the South Asian Federation of Accountants (SAFA).The Institute of Certified Management Accountants (CMA) of Sri Lanka was incorporated by the Act of Parliament No.23 of 2009 in April 2009.  CMA is the National Professional Management Accounting Institution in Sri Lanka.  Since its incorporation in 1999 and launch in June 2000, CMA has steadily progressed to an Institute comprising over 15000 students and 2500 Members.CMA is a member of the International Federation of Accountants (IFAC)and the South Asian Federation of Accountants.(SAFA)

Mr.Basheer Ismail, the Vice President of CMA, stated that in today’s global & local context both in government & private sector more focus has been given to Management Accounting as Cost & Management Accounting improves the performance of the business organizations enabling accountants to control costs and improve productivity & efficiency to make their products & services competitive.

Those who qualify at the CMA after obtaining relevant practical experience could obtain their membership which enables them to use “ACMA” for Associate Certified Management Accountant and “FCMA” for Fellow of Certified Management Accountant.

Special exemption policy has been developed for the undergraduates & graduates of the Faculty of Management at Uwa Wellassa University of Sri Lanka.

Students of Uwa Wellassa University can now register with CMA and obtain subject exemptions. Registration for May 2016 will be close on 31st January 2016  & contact CMA for further details.

Please contact  Ms.Sumudu Pagoda, Director operations via 077-3742343 or e-mail:   directoroperations@cma-srilanka.org



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