CMA Course in Sri Lanka
IMA Certified Management Accountant — Exam Structure, Fees and Career Guide
The IMA CMA is one of the most efficient professional accounting certifications available to Sri Lankan finance graduates. With just two exam parts and a focus on practical management accounting, it delivers a strong return on investment for professionals in corporate finance.
What Is the CMA (IMA) Certification?
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
One of the CMA's key advantages over multi-level qualifications like CIMA or ACCA is its efficiency — the entire certification requires just two exam parts, making it possible for a degree-holding professional to become fully certified within 12 to 18 months of focused study.
CMA (IMA) at a Glance
- Awarding Body: Institute of Management Accountants (IMA), USA
- Number of Exams: 2 parts (Part 1 and Part 2)
- Experience Required: 2 years of management accounting or financial management
- Typical Study Time: 150 to 170 hours per part
- Exam Window: Offered in January/February, May/June, and September/October each year
CMA Exam Structure
Part 1 — Financial Planning, Performance and Analytics
- A.External Financial Reporting Decisions (15%)
- B.Planning, Budgeting and Forecasting (20%)
- C.Performance Management (20%)
- D.Cost Management (15%)
- E.Internal Controls (15%)
- F.Technology and Analytics (15%)
Part 2 — Strategic Financial Management
- A.Financial Statement Analysis (20%)
- B.Corporate Finance (20%)
- C.Decision Analysis (25%)
- D.Risk Management (10%)
- E.Investment Decisions (10%)
- F.Professional Ethics (15%)
Career Outcomes and Salary
| Role | Monthly Salary (LKR) | Sector |
|---|---|---|
| Cost / Management Accountant | 100,000 – 200,000 | Manufacturing, FMCG |
| Finance Business Partner | 180,000 – 300,000 | MNCs, BPO |
| Financial Controller | 280,000 – 450,000 | Corporates, listed PLCs |
| CFO (SME/Mid-market) | 350,000 – 600,000 | Commercial businesses |
*Indicative LKR ranges. MNCs and overseas employers typically pay above local benchmarks.
Frequently Asked Questions
What is the CMA (IMA) certification and who awards it?
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
How is the CMA exam structured?
The IMA CMA has two parts. Part 1 covers Financial Planning, Performance, and Analytics — including external financial reporting, planning, budgeting, forecasting, performance management, cost management, internal controls, and technology and analytics. Part 2 covers Strategic Financial Management — financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, and professional ethics. Each part is a four-hour computer-based exam with 100 multiple-choice questions and two essay scenarios.
What are the entry requirements for CMA in Sri Lanka?
To register for the CMA exam you need a bachelor's degree from an accredited college or university (in any discipline) and two years of continuous professional experience in management accounting or financial management. You must also become an IMA member before sitting the exam. Students still completing their degree can sit the exam within the final year of study, then fulfil the experience requirement afterwards.
What are the indicative fees for CMA in Sri Lanka?
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
How does CMA compare to CIMA in Sri Lanka?
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
What is the salary for a CMA-qualified professional in Sri Lanka?
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
Learn about CMA Preparation Today
For current admissions, Ceylon Open Campus conducts only HND in Quantity Surveying, Certificate for Nurse Assistant, and Diploma in English.
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