AMA designatons launched

Society of Certificate Management Accounts of Sri Lanka(AMA) held the launching ceremony of Associate Management Account (AMA) Designation for intermediate level qualification accountants at hotel Taj Samudra.

AMA is providing a good platform to become a professional certified Management Account. New designation of the Associate Management Account (AMA) is giving a high recognition to the students who are learning for professional Accounting bodies, accounting degree holders and higher national diploma holders.

The management account has to play a vital role in leading companies in Sri Lanka with the global financial crisis. Various kinds of measures such as implementation of strategic management accounting, cost cutting, product pricing, performance based pay and bonuses, cash flow budgeting, working capital management, risk management and waste control are essential to be adopted with current global condition.

“Those who have passed the intermediate level or equivalent in CMA.ICASL, CIMA, ACCA and those who have completed HNDA and Accountancy degree with two year relevant practical training could apply for the AMA designation.

This will benefit a large number of students going in to the Accountancy and commerce streams those having professionals,HNDA and Accounting Degrees who will now have an oppoutunity to obtain and intermediate level designation and thereafter progess to a professional Management Accounting carrier.” president, CMA Sri Lanka Prof. Lakshman R Watawala said.

CMA qualifications are flexible and giving the practicle knowledge of the field in leading firms and companies both in private and government sectors. CMA exams which was in English medium of first and second steps so far we are facilitating in Sinhala and Tamil medium also and the final stages only in the English medium.

The CMA qualification is granted exemptions by CMA Canada, CGA Canada, ACCA UK, CIMA UK, CPA Australia, ICA Sri Lanka, Deakin University Australia and open University of Sri Lanka. (LE)