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:
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Vidu, I think you can start with AAT http://studentlanka.com/2013/02/06/institute-of-chartered-accountants-of-sri-lanka-a-quick-guide/
Hi..i’m after ol student.i like to flw cima.do u think is it importent thing to me??cause i’m still nt sit for the al examination.so if i flw cima now is it importent to my future?
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i need some details about when the course start at this year and i want the time tables too. and also i have to know the payment for this course at the finishing.
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Age is not a barrier for education.
kalana,
i am mohamed naufer from colombo,my age 32 yrs of age,i like to follow cima.do you think that im to late to follow cima or age is no metter .pls reply me as soon as possible.
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kalana,
im final year agriculture student and i have an idea of doing HRM.but i also have an interest on cima.can you tell me which institutes are best for studies.i really dont know how to enroll cima.if you can tell me which are the steps that i should followed.
i need to know the cost and other special things.thank you
I HAVE FINISHED MY BANKING EXAMS. IS THERE ANY EXEMPTIONS IF I START CIMA?
kalana,
im hoping to start cima this year so can u pls tell me a where i can download the foundation level text books for free?
thnx
I have finished the Certificate in Banking and Finance (CBF) new Stage at the Institute of Bankers Sri Lanka IBSL, which means I have got through all 6 subjects in CBF Financial Services Environment, Managing People in Organizations, Marketing, Sales and Customer Services, Structure of Accounts, Customer Relationship Management, Economics)
I need to start CIMA, am I exempted from any subjects in the Foundation Level.
hi. i am a school leaver . i want to know about the requirement to do the cima. and how about the fees also.
Kalana, Is there a disadvantage in doing CIMA without sitting for A/L’s?
Kalana, i am in trouble with cima foundation….because i postponed my cba exams to do A/L 2nd time.. and now i am afraid to take them with fear of failing please i need your advice….how can i
I am an undergraduate student who currently study in 3rd year specialized in Information Technology .
I decided to start CIMA as my proffesional qualification.But when I made my desicion I felt I’m too late because now classes have already started & I have to wait until the next batch enroll. I need to start it without waiting. Can I do foundation exams by self studying??
And also, will I be able to finish all CIMA levels within 2 year (mid of 2013)??
can you please give me some advices regarding my problem.
Thank you.
@ Shan,
If you are living in Gampaha better to attend classes is Colombo because there are so many choices and quality partnersin Colombo.
@ Gayani,
Yes you can follow CIMA. CIMA adds value to youe degree and make you more acceptable in job market. being multidisciplinary qualified will stop you failing at your career path. Many students follow CIMA just to get a Financial exposure.
Dear kalana,
im a student of university of moratuma.Faculty of Engineering.
i jst finished the 1 yr 1 semester.
how much will it cost me to do CIMA foundation with self -studying?
how will it be helpful to me if i do civil or chemical engineering.
it is better if u can supply me a link to understand about how it will b helpful in Engineering.
thanx a lot.
I hope to study CIMA.And I want to select a part time time-table.part time. But Im not free on weekends,So I need to attend classes on weekdays, Is this facility available in any institute in Sri Lanka?
plz tell me
i want to know cima all syllubus
please kalana i want to know is there any cima classes in gampaha????
@GAYANI- Kalana is also an Environment Management graduate and CIMA fully qualified. Anyway he may also answer this.
Mr.Kalana ,
I’Mm a student who is following a degree programme in environment management side.Pls may I know that it is good for me or not to follow CIMA.
Mr.kalana, i frnished a/l in 2010 .but i have not a good resalts .so i wount to know can i do this course ..please
Dear Mr. Kalana,
I have finished my A/L’s please letme know how to get the admission form from the JMC@ Kollpity or contact details. Its great help for me. Thanking you.
Are there self study dvd’s for cima foundation
You guys should also add CMA under the list of professional courses. It’s a low cost local alternative to students who cannot afford UK based CIMA.
Hi, I have finished my second year in my degree program, which mean that I have completed Fundamentals of Financial Control and Advanced Financial Control. Does this mean I am exempt from the Foundation level? And if so, when does the Operational Level courses begin registration of students?
i did maths for A/L .but I think do charted in future.what you think about it .charted is better for me or not ?
I dont think so Mohomad. It will be a great help if you have done AAT in English medium. Otherwise you will feel bit hard in first stages.
i’m a passed finalist of aat sri lanka, therefore m excepted from the certificate level of cima,does leaving this level will be a problem to me?
Nasa Academy for Accounting ( Listed School With CIMA UK) is an exclusive academy to conuct CIMA Classes with ultra modern facilities for students and with Highly Experienced lectures panel such as Mr Nayanajith Abeysekara with 5yrs experience in CIMA Lecturing in leading Institutes in colombo and additional with 6 years lecturing experience in Software Enginering. He Lectures in FFA in Foundation Level And FO Operational Level & FM in Managerial Level.
Furthermore in CBA level other lecturers are Mr Rijas Rasik For FMA & FFA Mr Mahesh Abeynayke For FBA who too is a lecturer at Moratuwa Univercity and Mr Srinath Fernando for FBE. All the above lecturers boast about betwen 5 to 15 years lecturing in CIMA.
The next foundation class will be commencing in 1st week of January 2011 and Operational & Managerial Level in 1st week of December 2010. For further details can call on 0727664554.
You can buy CIMA official text books from any leading bookshop. Or else you can register with CIMA library and lend books. If you have a good Commerce background you can do self studies and sit for the exams. You can take exams at CIMA Sri Lanka division, contact details given above.
hi,, whr can i get self study books for foundation,?
after studying whr i hav to go and register to take the exams,
Yes of course. One day it will be helpful to you!
thanks. so u think its good to do CIMA for me? even it will be a valuable certificate in abroad to me?
Anujaya,
CIMA helps many professionals in firlds like IT, Engineering etc,. to keep up their competency. It also gives a sense of business to non financial people.
For foundation any recognized institute is OK, but you need to be careful in upper levels.
Dear Kalana,
Im a student who did maths for A/Ls last month and waiting for results. i still have no idea what should i do in future but i would like to go through either of Air craft engineering or IT web designing or Networking fields. im planning to go abroad on next year too. most of my friends are doing CIMA these days but i didnt start because i dont like commerce side much. but most of people say that CIMA is valuable when we are searching for jobs. Would CIMA be valuable for me too, according to above details? CIMA in here would create me a good qualification in abroad? im thinking to join a CIMA foundation course at JMC institute Kollpity. course fee is 30000 and 2 days per week 9 AM to 4 PM. duration is 4 months. is it ok? or do you know the best place for CIMA? and also im so glad that if you can tell me more details about on line CIMA courses. i’d rather like to continue in that way if it is good because it would be costless, timeless and much easier for me. thank you and waiting for your honest reply!
Chartered is more concerned with Financial Accounting whereas CIMA touches lot of areas in Management and Accounting. Its all your choice. CIMA foundation cost nearly 80,000. Chartered undation will cost less than 30,000.
thmks kalana for these valuable and clear informations.i’m a science graduate and hope to follow CIMA as my professional qualification.i ‘ll be much glad if u could send me details about course fees for each stages in CIMA and i also want to the difference between charteed and CIMA .which one is most valuable .pls reply me
thank’s kalana
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.
Pls let me know how much paid for starting , and when it begining
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
Sankalpana
I choose Achievers Lanka Business School. Can I know how I can register for CIMA?
Hola cheers for the entry.
i think the wosdom is the best.
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?
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.
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?
Thanks for CIMA info. I am planning for courses after my a/l these days, Managment seems to be good option.
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.
Sri Lankan Chartered accountacy course is cheaper compared to CIMA. But I think CIMA is well recognized in Sri Lanka and abroad.
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
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.
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. .