CMA signs MoU with Uwa Wellassa University as educational partner

14 December 2015 06:30 pm Views - 2021

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



The Institute of Certified Management Accountants of Sri Lanka (CMA) and Uwa Wellassa University (UWU) signed a Memorandum of Understanding (MoU) at the CMA, paving the path to the students of the UWU to obtain a recognized professional accounting qualification to specialize in management accounting while studying for the degree qualification.

The MoU was signed by UWU Vice Chancellor Dr. C. Chandrasena and CMA Vice President M.B. Ismail in the presence of a gathering of officials of CMA, which was initiated by Management Faculty Dean Dr. Imali Fernando.

CMA Vice President Basheer Ismail stated that in today’s global and local contexts both in the government and private sectors, more focus has been given to management accounting as cost and management accounting improve the performance of the business organisations enabling accountants to control costs and improve productivity and efficiency to make their products and 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 undergraduates and graduates of the Management Faculty at the UWU.

Students of UWU can now register with CMA and obtain subject exemptions. Registration for May 2016 will be close on January 31, 2016 and contact CMA for further details.

The UWU was established by the government gazette effective June 1, 2005 in Badulla. 

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).