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You are here: Home / accounting / CIMA – Chartered Institute of Management Accountants course in Sri Lanka – A quick guide

CIMA – Chartered Institute of Management Accountants course in Sri Lanka – A quick guide

February 3, 2010 By ..... 5 Comments

    Updated 2016 January:
    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

    The CIMA qualification consists of two parts,
    1. Certificate in Business Accounting (Cert BA) and
    2. Professional Qualification

    The Certificate in Business Accounting (Cert BA)

    The Cert BA is CIMA’s entry level accounting qualification for those with little or no accounting background. The Cert BA forms the basis of the CIMA Professional Qualification and is a valuable qualification in its own right.

    On average, students take about a year to complete this level.

    With it you’ll achieve a solid understanding of basic accounting, management accounting and business principles.
    Skills include preparing financial reports, forecasting performance and data analysis.

    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,.

    The CIMA Professional Qualification

    The professional qualification comprises nine separate subjects that are organised in three pillars and three levels.

    The syllabus comprises three learning pillars which represent specific areas of knowledge,
    • Enterprise pillar
    • Performance pillar
    • Financial pillar

    Each learning pillar is divided into three progressive levels of achievement.
    • Operational level
    • Management level
    • Strategic level

    The three subjects within each level are assessed by on-demand objective tests. You must pass all three objective tests (or have been granted an exemption) before sitting an integrated case study exam to complete the level. These are set once every three months.

    Typically you might expect to spend between three and four months studying for each of the objective test subjects followed by another six to eight weeks preparing for the integrated case study exam.

    When combined with the required practical experience, the CIMA Professional Qualification becomes a powerful tool for a career in business.

    CIMA New 2015 Syllabus Framework

    CIMA-Syllabus-2015



    What will you learn

    Throughout your CIMA journey you will be applying the knowledge you gain on your everyday working environment.

    Operational level subjects will train you in skills and knowledge a financial officer might need such as preparing financial statements or resolving budgetary issues.

    At management level, the emphasis is on issues that are generally addressed at a managerial level
    such as performance evaluation and stakeholder management.

    By the time you reach the strategic level, you will be looking at broad strategic issues as they
    affect the organisation as a whole.

    Put together, the different levels provide a firm foundation for lifelong learning and career progression to a broad range of roles in finance or other areas of the business.

    A student can either follow formal tuition classes or can do self studying at home. There are standard text books published by CIMA and available at leading bookshops in Sri Lanka. The examination for foundation level is a Computer Based Examination (Online exam). They consist of several MCQs and OTQs. Students can results immediately upon completion. There are Computer Bases Assessment Centers (CBA) in all leading Tuition classes and in CIMA Sri Lanka Division, Narahenpita.  Foundation Level exams can be taken during any time of year.

    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 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: [email protected] | [email protected]
    http://www.cimaglobal.com/Our-locations/SriLanka/

    CIMA Tuition providers (CIMA Classes) in Sri Lanka

    CIMA Global Learning Premium Partners

    Colombo
    Academy of Management Education - Tel. 5 555 460, 077 30 46 262, 077 92 13 892
    Achievers Lanka Business School - Tel. 4322322, 5288900
    Imperial College Colombo - Tel. 4 515 253, 077 3918 m
    Wisdom Business Academy - Tel. 237 0 995- 6
    Kandy
    Imperial College Kandy - Tel. 0773 919 777, 081 4 950950

    CIMA Global Learning Partners

    Colombo
    Exon College of Professional Studies (Pvt) Ltd
    Tel. 0777 594 822
    Mind Ventures Business Academy
    Tel. 4935135
    WIZMA Global Education
    Tel. 077 760 4205
    Virtual Business School (On line Tuition Provider)
    www.virtual.lk I [email protected]

    Dehiwala
    Mercury CIMA Plus
    Tel.2 710 371

    Kandy
    Achievers Kandy Pvt.Ltd
    Tel. 0814 940 904

    Galle
    Apex Business Academy (Pvt) Ltd
    Tel. 091 2 232 755

    Matara
    Apex Business Academy (Pvt) Ltd
    Tel. 0412 229 555,0716 219 219

    Jaffna
    MCS Campus
    Tel. 021 222 6373, 021 222 4070, 0772 395 385
    Spectra Skills
    Tel. 0775 748 0 95
    Wisdom Business Academy
    Tel. 0212 220 727

    Ampara
    Institute of Global Knowledge(Pvt)Ltd.
    Tel. 0772 364 076

    Kurunegala

    Genius School of Professional Studies (Pvt) Ltd
    Tel. 077 37 61 999




    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:

    KalanaKalana is a final year undergraduate of University of Sri Jayewardenepura. He passed Finalist of CImA (UK) at age of 23 in May 2009. Find out more about him on twitter (@kalanatenakoon) or http://www.facebook.com/kalana.tennakoon.




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    Filed Under: accounting, careers, Courses, Institutes, Schools Tagged With: accounting, CIMA, management

    Reader Interactions

    Comments

    1. Kavishalini says

      August 6, 2018 at 10:29 am

      what are the Qualification want to do this CIMA pls tell me…

      Reply
    2. Sachini says

      November 18, 2017 at 7:23 pm

      I like to do cima. Because i have no idea about that . Could please give me more information about that. Also i need to know about payment system thank you

      Reply
    3. Jayasekera says

      June 15, 2017 at 2:02 pm

      Melanie Kanaka (FCMA, CGMA; B.com (Hons.) and MBA (US)), Head of Finance and Administration of the World Bank for Sri Lanka and the Maldives, creates history by being the first Asian lady to be invited to serve on the CIMA Council, the global governing body of the Chartered Institute of Management Accountants, for a second time.

      Reply
    4. shaziya says

      December 26, 2016 at 4:50 pm

      i completeld IGCSE O/L exams in science stream , but i would like to do charted accounts for my career . Is it possible for me to join ? Course fee and details required . Period of time taken to complete ?

      Reply
    5. Soori says

      June 21, 2016 at 12:16 pm

      My son just going to finish A/L this August therefor i need to know how to enter into CIMA. What are the charges for entire period. do we need to send him for tuition. during this period is there any possibility to do any jobs how long it will take to finish final,
      i do not want him to lose his valuable time.
      please be good enough advice me.
      Thank you
      Soori

      Reply

    Leave a Reply to Jayasekera Cancel reply

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