CIMA

CIMA, The Chartered Institute of Management Accountants and the American Institute of Certified Public Accountants (AICPA) officially launched the new designation-Chartered Global Management Accountant-CGMA in New York and London simultaneously for its members.

CIMA Sri Lanka broke several records last year, chief among those being achieving a 10% year on year growth in registrations to 4.057 and for the first time beating UK by achieving the highest pass rate of 68% as opposed to London’s 64% in the May 2011 exam.

CIMA (The Chartered Institute of Management Accountants) Sri Lanka Division inducted its Board for the year 2012 at the Cinnamon Grand on January 4, 2012. Union Assurance PLC (UA) Chief Executive Officer Dirk Pereira was elected as the Chairman of the CIMA Sri Lanka Board, whilst KPMG Ford Rhodes Thornton and Co Partner - Head of Advisory Services Reyaz Mihular and Hatton National Bank PLC Managing Director/CEO Rajendra Theagarajah was appointed as Deputy and Vice Chairman respectively. Over 300 CIMA members attended and witnessed this event.

CIMA knowledge fast forward is a knowledge sharing initiative which strives to improve the conceptual clarity of the business community with regard to a core management/financial accounting knowledge area, describing the concept, and explaining how it applies in practice.

ACCA is removing an option for CIMA members to obtain direct membership of ACCA with effect from January 1, 2012.

In the absence of the arts and humanities faculties of local universities churning out employable graduates, the ball has been thrown back to the graduate’s court by the private sector to get a professional qualification as an addition to strengthen his chance of obtaining employment in the corporate sector.

As Sri Lanka strives to meet its economic potential, it is faced with a looming crisis in hiring and retaining talent needed to power its transformation.

In the next 10 years 3.8 million Sri Lankan workers will reach retirement age, a demographic factor that could curtail Sri Lanka’s growth. Policymakers, industry leaders and educators agree that if the nation is to reach its economic targets for the next decade it is essential to train the next generation of Sri Lankans not only to replace retiring workers but, more importantly, to create new value to the economy.

FTMS Global Academy in Singapore in association with CIMA Sri Lanka Division, is very pleased to introduce the Master’s in Business Administration (MBA) awarded by Anglia Ruskin University (UK). The MBA programme will be taught by Senior Academics at FTMS Global Academy in Singapore at its Raffles Place Campus, the heart of the financial district.

The ‘CIMA Case Study Awards 2011’ is a new initiative taken by CIMA to keep their graduates fresh and progressive in their careers, whilst facilitating cross-company learning and knowledge sharing among Sri Lankan businesses.

The Chartered Institute of Management Accountants (CIMA) continues to gain rapid acceptance locally with new markets opening up in the North and East as well as the Southern and Central Province areas. It is the only international accountancy body with a sole focus on business; a world leading professional institute that offers an internationally recognized qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. This week, Regional Director of CIMA for the Middle East, South Asia and North Africa, Bradley Emerson spoke to The Sunday Leader about CIMA’s importance as a professional qualification in today’s global context.

Acclaimed as the next generation qualification, CIMA naturally is the first choice for students looking for a rewarding career globally.

CIMA Sri Lanka Division has teamed up with Birmingham City University Business School (BCUBS) to offer an external degree MSc qualification in Accountancy and Finance for CIMA qualified professionals here.

CIMA Sri Lanka will be conducting an evening discussion programme on highlights of LKAS 18: Revenue on 9 August at the CIMA auditorium.

Apex Business Academy affiliated to CIMA Sri Lanka will open their new branch in Galle on August 5 on Matara road, Galle. The brand launch of CIMA in Galle will take place at the Light House Hotel at 7.00 p.m. with the participation of the CIMA South Asia Director Bradly Emerson as the chief guest.

Sheffield Hallam University (UK) is to offer a scholarship to every Sri Lankan student who completes its new MSc in Financial Management fast track course.

The new course allows students who are CIMA (Chartered Institute of Management Accountants) qualified to complete a master’s degree in nine months at the Sheffield Business School at Sheffield Hallam.

'A shot glass of desire is greater than a pitcher of talent': this well known quote by Andy Munthe signified the central theme of the importance of self belief and persistence, in the deliberation by Jessica Cox to over 2000 students on 23 June at 'Turning impossible into accomplishment', organised by the CIMA Sri Lanka division and partnered by Achievers Lanka Business School with the Education times being media sponsors.

Sri Lanka Telecom (SLT), the integrated telecommunication solutions provider announced its role as the Strategic Partner of the 2011 CIMA Business Leaders’ Summit. Greg Young, Chief Executive Officer of SLT handed over the sponsorship cheque to Mr. Bradley Emerson, Regional Director - South Asia & Middle East, CIMA, at an official ceremony held at the SLT premises recently.

The CIMA Business Leaders Summit 2011, a two-day flagship event in the CIMA calendar is expected to draw hundreds of diverse groups from across the corporate, business and professional sector with its innovative and apt new theme: ‘Changing Challenge-Challenging Change’. 

The CIMA Business Leaders Summit 2011 will take place at the Cinnamon Grand Colombo on June 21-22. The two-day flagship event in the CIMA calendar is expected to attract over 500 diverse groups of corporates, business leaders and professionals.

Jessica Cox, Motivational Speaker from the USA will address the CIMA Business Leaders Summit on the topic of Challenged to Greatness on June 22 at the Cinnamon Grand Colombo. The two-day flagship event in the CIMA calendar has attracted hundreds of diverse groups of corporates, business leaders and professionals. The theme of the summit ‘Changing Challenge-Challenging Change’ is coined to draw focus what the business leaders are up against.

New visa restrictions coupled with the rising cost of higher education overseas are realities that parents and students need to tackle head on – and with students having just completed London A/L’s and O/L’s, the question weighing on many of their minds is, ‘what next’?

By Indunil Hewage

Building a new economic reality by Brazil, Russia, India and China (BRIC) will create more financial benefits for the Sri Lankan companies in years to come along with high economic growth prospects, author and globally recognized customer relationship expert, Larry Hochman said.

American Institute of Certified Public Accountants’ (AICPA’) and Chartered Institute of Management Accountants’ (CIMA’) governing bodies (the latter is headquartered in London) recently agreed in the creation of a new professional designation, Chartered Global Management Accountant (CGMA), that will be a worldwide professional excellence standard in management accounting.

The governing bodies of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants, headquartered in London, today agreed on creation of a new professional designation, the Chartered Global Management Accountant, that will be a worldwide standard of professional excellence in management accounting.

“The changes that have happened in the last 10 years are greater than what has happened in the previous 100 years”- Bill Gates.

The CIMA Business Leaders Summit 2011 will take place at the Cinnamon Grand Colombo on 21-22 June 2010. The two-day flagship event in the CIMA calendar is expected to attract over 500 diverse groups of corporates, business leaders and professionals.