Society of Certified Management Accountants of Sri Lanka Society of Certified Management Accountants of Sri Lanka Society of Certified Management Accountants of Sri Lanka Society of Certified Management Accountants of Sri Lanka
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Exemption Policy

As a general rule, exemptions are granted only where a qualification has been obtained in full.

Exemptions on subject for subject basis are not considered for exemptions except under special circumstances.

A candidate who has completed only a few parts of an academic or professional examination may be considered for exemptions on a case by case basis.

Once a student applies for an examination, a second application for exemptions will not be entertained unless he / she obtains further qualifications, subsequently.

Exemptions will not be granted for subjects, a student has unsuccessfully attempted at CMA examinations.

  Application for Exemptions

Candidates who wish to obtain exemptions must submit a written request, namely a "Letter of Request for Exemptions", to the secretariat indicating the National Identity Card number and enclosing certified photocopies of the relevant results sheets / certificates. These documents and the "Letter of Request for Exemptions" may be submitted along with the "Application for Student Registration" or separately.

The "Letter of Request For Exemptions" may be submitted even before the "Application For Student Registration" is submitted, with the relevant documents.

All "Letter of Request For Exemptions" should be submitted

  • before 15th June pertaining to the September Examination, and

  • before 15th December pertaining to the March Examination of the following year.

Top left hand corner of the envelope containing letter of request for exemptions should contain the words "Letter of Request For Exemptions"

The Secretariat will send a form of "Application for Exemption" to the eligible Registered Students.

The completed "Application For Exemptions" should be submitted to the Secretariat by such Registered Students.

  • before 15th January pertaining to the March Examination, and

  • before 15th July pertaining to the September Examination.

The "Applications For Exemptions" should be submitted together with the following documents"

  1. Student's copy of the Special Payment Voucher for the Exemption Fee, endorsed by an Authorized Officer of any specified branch of the People's Bank.

  2. The Duplicate Paying-in-slip.


  Examination Exemptions
Details Technician Intermediate Professional
I I I
  AAT Final Complete None None None
  Diploma in Accountancy (2Years) Complete FAR & AMA None None
  Higher National Diploma in Accounting (4 years) Complete Complete None None
  Higher National Diploma in Commerce (4 years) Complete Complete None None
  Diploma in Commerce Complete None None None
  Degree in Accounting (Special) Complete Complete Subject for Subject basis None
  Degree in Commerce Complete Subject for Subject basis None None
  Degree in Business Administration Complete Subject for Subject basis None None
  Institute of Bankers Complete Subject for Subject basis None
  Chartered Institute of Secretaries and Administrators Complete Subject for Subject basis None
  Chartered Institute of Marketing (CIM) Complete Subject for Subject basis None
  Institute of Chartered Accountants (ICA) Complete Complete All except
SBM
All except
SMA
  The Association of Chartered Certified Accountants
  (ACCA)
Complete All except Law & Taxation Complete Complete
  Chartered Institute of Management Accountants (CIMA) Complete All except Law & Taxation Complete Complete

Part qualifications from Professional, University, Vocational and recognized institutions will be considered for exemptions, on a case by case basis.


 

  Exemption Fees
Stage Whole Examination Per Subject
  Technician Stage Rs. 2,400.00 Rs. 600.00
  Intermediate Stage Rs. 3,500.00 Rs. 850.00
  Professional I Stage Rs. 4,600.00 Rs. 1,500.00
  Professional I I Stage Rs. 7,000.00 Rs. 2,000.00


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