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TVEC Recognizes CMA Sri Lanka DABM Course at NVQ Level 6 Higher National Diploma

Sat, 11/06/2022 - 14:51

TVEC Recognizes CMA Sri Lanka DABM Course at NVQ Level 6 Higher National Diploma

Standing from left:

Dr. Dilrukshi Herath - Deputy Director (Cov-Up) - TVEC, Dr. Ajith Polwatte - Director (NVQ) and Director (Planning & Research), Dr. Janaka Jayalath (Deputy Director General - TVEC), Dr. K. A. Lalithadheera - Director General - TVEC, Prof. Lakshman R Watawala – President, CMA Sri Lanka, Mr. Kosala Dissanayake – Consultant / Acting CEO - CMA Sri Lanka, Ms. Jinandi Chandraratne – Director - Education, Training & Research, CMA Sri Lanka.

Marking another landmark in its journey in professional accounting education in Sri Lanka, the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) has been able to obtain recognition for Diploma in Accounting and Business Management course at NVQ level 6 - Higher National Diploma level equivalence status from the Tertiary and Vocational Education Commission (TVEC).

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) is the National Professional Management Accounting Institute in Sri Lanka incorporated by Act of Parliament No. 23 of 2009. The Institution was initially established as the "Society of Certified Management Accountants of Sri Lanka" in 1999 with the technical assistance of CMA Canada (now CPA Canada) and financial assistance from Canadian International Development Agency (CIDA) and, inaugurated on 3rd June 2000. 

Currently CMA is a member of the International Federation of Accountants (IFAC), the Global Organization for the Accounting Profession with a membership of over 3.5 M Professional Accountants, South Asian Federation of Accountants (SAFA) and the Confederation of Asian and Pacific Accountants (CAPA).

CMA Sri Lanka offers a Professional Management Accounting study programme to students who are interested in building a career in Management Accounting combining Financial Accounting and Business Management. This study programme has been carefully designed based on the International Education Standards stipulated by the International Federation of Accountants, the apex body for world-wide professional accounting bodies.

In the year 2020, CMA Sri Lanka introduced a study programme and qualification for those who complete the Operational Level with two year’s work experience to grant the ‘Diploma in Accounting and Business Management (DABM)’ enabling students to obtain an interim exit route with an interim qualification. Based on a thorough mapping process, the Tertiary and Vocational Education Commission (TVEC) granted the recognition for this programme by offering the NVQ Level 06 the ‘Higher National Diploma’ equivalence status for the Operational Level programme. With this recognition, now CMA Sri Lanka students will be able to obtain a Government recognized ‘Higher National Diploma’ equivalence status with the completion of the Operational Level study programme making them readily employable in the private and public sector locally and internationally. 



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