On the flipside, preference must be given to local bodies in such cases similar to the formation of the Institute of Chartered Accountants of Sri Lanka ICASL many years back when the British qualification was the most sought after. Although slightly different in nature in that ICASL teaches tax and audits while CIMA concentrates on management accounting, both have been trying to attract school-leavers over the years to acquire their qualification. However in the past decade, CIMA has aggressively marketed its programmes and attracted hundreds of students while the ICASL, with the recent introduction of a savvy CEO, has stepped up the campaign and spreading its reach across the country.
Competition between the two institutes is hotting up. Not to be outdone, CIMA officials are hopping onto the next plane to Jaffna to market their programmes. Furthermore in most professions, like our story on this dispute elsewhere in the section says, acronyms of professional qualifications acquired in another country or conducted by another country must carry that country of origin or the university concerned.
The same applies to a qualification from a UK or other foreign university. Scores of dubious medical degrees are enticing students to study in any part of the world. Some even offer degrees over the Internet — for a fee. Education supplements in newspapers are the order of the day with some universities in unheard-of places offering full scholarships, etc.
The other problem is the proliferation of international schools, some with woefully inadequate facilities. For years, the call for proper regulation of private institutes has fallen on deaf ears and leading to a massive, unregulated private educational structure that is, in many cases, even bigger, than the government system. Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
Sri Lanka. The ACMA examination is conducted at three levels based on the three levels of courses. The first part has four papers. The second and third levels are further divided into parts and each of these parts has four papers. The completion of ACMA certification takes around six to twelve months.
One has to pay around sixty to seventy thousand for the course. Both focus on providing the training to make an individual professional management accountant so that they can contribute to the welfare of an association and play an important role in the decision-making process at every level in the organization.
Skip to content Over the years, management accounting has become very important to any institution since it provides information that may prove to be crucial in the decision making process for the performance of an institution or an enterprise.
What is CIMA? What is ACMA? Provides training in management accounting and business accounting. Certification in Financial Modeling and Management Reporting. Certification in Practical Aspects of Banking and Finance. Certification in Practical Aspects of Taxation. Certification in Practical Aspects of Business Laws. Certification in Communication Skills.
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