CMA launches new syllabus 2012

The Certified Management Accountants of Sri Lanka launched its New Syllabus, effective March 2012 at the Taj Samudra recently.

CIMA President Prof. Lakshman R. Watawala in his address said that he was pleased to announce the new CMA Examination Syllabus which will come into effect with the March 2012 examination. The consultants entrusted to revise the syllabus have ensured that the new syllabus has taken into account global developments and is in accordance with international standards. We have also met the needs of the business sector to produce quality Professional Accountants in Business.

The objective of the CMA Study Programme is to produce Management Accountants endowed with capabilities, competencies and a globalized-outlook required to meet the challenges in organizations both locally and globally. In an attempt to meet this objective in a dynamic business environment, the CMA Study Programme is revised periodically in keeping with the global professional requirements in accounting. The revised CMA Study Programme-2012 consists of twenty two course units categorized as seventeen core courses, four skill courses and, at the apex, an integrative case study. The core course units are clustered into three main streams: Management Accounting, Financial Accounting and Business Management giving prospective management accountants command in different aspects of accounting and business.

The skill course units will instill and enhance requisite skills while facilitating mastery of core course units. The global-local outlook maintained throughout the study programme will develop a globalized mind-set in them enabling them to work both locally and globally.

The revised CMA Study Programme-2012 carries significant improvements with respect to the focus of the study programme, its structure, organization of core and skill course units, vertical and horizontal linkages and contents of course units. It will undoubtedly facilitate the grooming of competent Management Accountants who are capable of crafting strategies and managing risk in pursuit of developing sustainable world class organizations.