CIMA – Chartered Institute of Management Accountants course in Sri Lanka – A quick guide
CIMA is considered as one of the most recognized Professional Qualifications in Sri Lanka. CIMA Sri Lanka operates under CIMA UK which is the global headquarters. Currently there are thousands CIMA students in Sri Lanka while 95% CIMA qualified persons are employed in business sector. Most of them hold positions as top CEOs and top class managers. Rest 5% assumed to be in final years of their undergraduate courses.
CIMA Course content
CIMA mainly focus on Management Accounting. But ii has a broader coverage under three subject area pillars such as
Management Accounting Pillar
Financial Accounting Pillar
Business Management Pillar
A student has to follow ten subjects i.e three subjects in each pillar upon completion of Foundation level. The overall CIMA syllabus focuses mainly on Financial Management. Basically there are five levels such as Foundation, Operational Level, Managerial Level, Strategic Level and TOP CIMA. Foundation Level is also known as CIMA Certificate in Business Accounting. It consist of five papers namely
Fundamentals of Management Accounting- Focus on cost behavior, standard costing, control etc,.
Fundamentals of Financial Accounting-Focus on Accounting basics and final accounts of Sole enterprise
Fundamentals of Business Mathematics-Focus on Basic Mathematics, Probability, Forecasting etc,.
Fundamentals of Business Economics-Focus on Market system, micro and macro economics etc,.
Fundamentals of Ethics, Corporate governance and Business Law-Focus on Laws of contract and Employment, Ethics, Corporate governance, Company administration etc,.
Who can start CIMA
CIMA student base consist of school children to graduates and also employees. The minimum entry requirement is to be more than 16 years old. However its recommended to start CIMA upon completion of GCE Ordinary Level Examination. Most of university undergraduates follow CIMA as their professional qualification. Any student can start CIMA regardless of their knowledge on this area. Majority of Engineering Undergraduates study CIMA as their secondary qualification. Graduates are also eligible for exemptions at Foundation Level.
The cost for completing CIMA dependent upon method of studying. An average student can complete CIMA within Rs 300,000/- to RS 400,000/-. Registering for CIMA can be done online with several simple steps. You can visit www.cimaglobal.com for further details.
Tuition classes for CIMA available in Colombo and other main cities. You can select a full time timetable or part time timetable depending on your occupation. Classes for each level usually scheduled for 6 months starting on December and May. CIMA exams are held twice a year under guidance of Department of Examinations, Sri Lanka. A student can complete CIMA within 2 ½ to 3 years.
Job prospects for CIMA
The conventional career goal of CIMA was Chartered Management Accountant. However sense CIMA course covers areas like HR, Marketing, IT & IS, Operational Management, Project Management and Strategic management there are plenty of job opportunities in Sri Lanka.
Contact details of CIMA Sri Lanka Division
Colombo:
356 Elvitigala Mawatha, Colombo 05
Kandy:
254 Peradeniya Road, Kandy, Sri Lanka
Tel: 00 94 (0) 11 250 3880 (Colombo) 00 94 (0) 81 222 7882 / 7883 (Kandy)
Fax: 00 94 (0) 11 250 3881 (Colombo) 00 94 (0) 81 220 3843 (Kandy)
Email: colombo@cimaglobal.com | kandy@cimaglobal.com
CIMA Tuition providers (CIMA Classes) in Sri Lanka
Federation of Chambers of Commerce and Industry of Sri Lanka – Colombo
Knowledge Base Business Studies (Pvt) Ltd – Dehiwala
Academy of Business Studies (Pvt) Ltd – Colombo
Academy of Management Education - Mount Lavina T:4510101
Achievers Lanka Business School – Colombo T:5321321
South Asian Institute of Technology and Management – Malabe
Imperial College (ICBS) – Colombo T:4515353
Mercury Institute of Management – Colombo T:2370643
AG School of Business & Computing Studies Pvt Ltd - Negombo T:031 2227970
Virtual Business School – Colombo T: 0777 666949
MIIT Education – Kandy T:081 2222876
Wisdom Business Academy (Private) Limited – Colombo T:2370995
MCS – Jaffna T:021 2226373
Related Courses:
Online degrees in Sri Lanka
External degrees in Sri Lanka
Educational Loans by Sri Lankan banks
MBA degree programs
National Institute of Business Management-NIBM
Sri Lanka Law College
Open university of Sri Lanka
Author: Kalana Tennakoon:
I know there is a strong CIMA student base and tuition community in Sri Lanka.
But in the global level you cannot match the employment prospects you get in countries such as Britain for Chartered Accountants. .
Dear Sampath,
There are plenty of jobs in UK foe CIMA qualifieds. All are with GBP five figure salaries. Please visit http://www.cimaglobal.com or any other browser.
Dear Sampath,
The survey shows the average data of CIMA qualified professionals. Visit http://www.cimaglobal.com/Documents/Jobs-docs/CIMA_Qualified_salary_survey_UK_18.08.09.pdf
Sri Lankan Chartered accountacy course is cheaper compared to CIMA. But I think CIMA is well recognized in Sri Lanka and abroad.
Yes Sri Lankan Chartered Accountancy course more focus on Financial Accounting. But CIMA focus on Financial management. CIMA qualifieds are assumed to be having a strong analytical and presentation skills compared to local Chartered.
Thanks for CIMA info. I am planning for courses after my a/l these days, Managment seems to be good option.
im still to do o/ls this year, still 16. i heared about that CIMA foundation after O/Ls? how much time period is going to complete it? or is there any certificates awarded?
Anjana,
yes you can start CIMA foundation just after your o/ls. O/L results are not needed however you shouldhave that maturity level to start CIMA. You can finish foundation from 6 months and a certificate will be awarded. it’s a qualification of its own.
I’m going to do A/l this year.After that I”m planning to study Cima. But I don’t know what is the best institution for study Cima in Sri Lanka. Also i need to know what institution got the highest pass rate. Can we find a job for just for cima qualifications, Or need another qualifications too? What institution is most famous for the Cima?
i think the wosdom is the best.
Hola cheers for the entry.
Sankalpana
I choose Achievers Lanka Business School. Can I know how I can register for CIMA?
Sankalpana,
visit http://www.cimaglobal.com/Study-with-us/Register-as-a-student/ and you can register online. Registration fee is reduced now(60 GBP). Also you have to pay an annual subsription at that time.
Contact me in case 077-6045611
Pls let me know how much paid for starting , and when it begining
Viraji,
you do not need to register with CIMA UK to start learning CIMA. You can follow tuition classes for foundation level by paying only class fees. The duration would be 5-6 months depending on the institute. Tuition fees for foundation would be roughly 30000/- but most instutes accept part payments. Next batch will start on September.
Before doing the exam you can register with CIMA London. Plz go through the advice given to Sankalpana.
thank’s kalana