CIMA and SLICM sign MoU introducing entry pathways for members

The Chartered Institute of Management Accountants (CIMA) in Sri Lanka and Sri Lanka Institute of Credit Management (SLICM) entered into a collaborative agreement with the aim of providing their students and members an opportunity to obtain exemptions from each other’s qualifications. 

They intend to collaborate on a national and international level to create unprecedented value for their members across the different industries by hosting development courses, programs, workshops, seminars and related activities. Both bodies will also work together on strategic initiatives to support the career development of their members.

This agreement establishes mutual recognition of members of the two professional bodies and will establish professional pathways into enrolling and completing the professional qualifications.  CIMA Fellow Members can obtain membership of SLICM by completing the SLICM registration form and providing a copy of their CIMA membership certificate, along with a letter of good standing. CIMA Associate Members will need to follow a training and a viva to get the membership. CIMA students and exam completes have varying levels of entry as well.  SLICM Members shall be fast-tracked into the CIMA Professional Qualification with varying levels of exemptions provided, with the highest exemptions for members with six years of experience who will enter the CSEP pathway and members with 10 years of experience in a relevant finance role, who will enter the CFO pathway, beginning with the Strategic Case Study. 

Sri Lanka Country Manager of The Association of International Certified Professional Accountants (the Association, the unified voice if AICPA and CIMA) – Zahara Ansary ACMA, CGMA, stated, “We are delighted to collaborate with SLICM and we look forward to enabling their students and members to gain the CGMA competencies of business, digital, leadership, people and technology skills. This also enables our students and members to get the membership from SLICM. In these extraordinary times, collaborations of this nature bring on benefits to not just the professional bodies and our members but also the profession and our economy.” SLICM President Hafeez Rajudin said, “This is indeed a great milestone achieved by our two institutions where we could pave the way for our members to enhance their careers professionally and academically. A timely move where our two organisations partnering towards adding value to our membership which would definitely contribute towards high productivity in their respective work places. 

I have no doubts that this move in developing the quality of our members in their careers would definitely contribute in rebuilding the economy of our country. I invite members of our two institutions to take the maximum advantage of the value additions and enhance their careers.”