CMA signs MoU with Sunshine Holdings Plc and Tokyo Cement Group to train CMA students
Tuesday, 17 March 2015 00:05
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The Certified Management Accounts of Sri Lanka (CMA) has signed a Memorandum of Understanding (MoU) with Sunshine Holdings Plc and Tokyo Cement Group Ltd., certifying them to act as accredited practical training organisations for CMA students.
CMA was set up in 2000, with the technical assistance of CMA – Canada, and was based on the guidelines of the Institute of Management Accountants of USA, the International Federation of Accountants (IFAC), which is the world body for Accountants, and the Management Accountants of the South Asian Federation of Accountants (SAFA).
CMA was incorporated by Parliamentary Act No. 23 of 2009 and this created history in the accounting world, when, after 50 years since the incorporation of the Chartered Institute, a new professional management accounting body was incorporated and given Government recognition.
CMA is now a member of the South Asian Federation of Accountants (SAFA) and a member of the International Federation of Accountants (IFAC). CMA has more than 18,600 students and 2,300 members.
Sunshine Holdings is one of Sri Lanka’s most respected conglomerates in Sri Lanka, with core area of focus on the Healthcare, Agribusiness and FMCG sectors. As part of building a business platform in growth areas of the country, Sunshine Holdings also have strategic/other investments in sectors including metal packaging, energy, leisure and telecom and commodity broking. Having started the journey in 1967, the company has built a conglomerate based on responsible entrepreneurship and strong family values that fosters long-term human relationships.
In operation for three-decades, Tokyo Cement Company (Lanka) Plc is the largest manufacturer and supplier of cement in Sri Lanka. The cement industry is sometimes referred to as a barometer to gauge the country’s economic march to progress and prosperity.
Tokyo Cement is one of Sri Lanka’s most valuable brands with an installed capacity of nearly two million tons of cement, over 600 employees and Rs. 14 billion in assets. Our stakeholders range from individual builders to commercial contractors and builders in the public and private sectors who rely on the quality inherent in all our products.
This MoU will provide CMA students with an opportunity to obtain practical training in the Management Accounting and Finance field from a recognised business organisation which will give them a foundation to progress in their career and obtain their membership.
The CMA practical experience component is an essential part of the CMA program and has been developed in accordance with the international standards of the International Federation of Accountants (IFAC), the world body for professional accountants operating to meet the growing demands of competitive organisations at both the national and international levels.
