The alliance aims to provide members resources, mentorship, and networking opportunities. Credit: ARMMY PICCA/Shutterstock.

The Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Management Accountants (CMA) of Sri Lanka have reaffirmed their collaboration through the renewal of their Memorandum of Understanding (MOU).  

This comes after the two entities signed the MOU the first time in November 2024.  

The latest strategic partnership is aimed at advancing the proficiency of finance and management accounting professionals in Sri Lanka,. 

The alliance aims to provide members resources, mentorship, and networking opportunities to adeptly manage the evolving realms of finance, technology, and international business trends. 

CMA Sri Lanka president Lakshman R. Watawala said: “Our MOU renewal reflects our collective commitment to equipping Sri Lankan management accounting professionals to further enhance their global skills and expertise, offering the agility to thrive in an increasingly interconnected and competitive world. 

“Through this collaboration, we aim to ensure that our professionals are not only future-ready but also equipped to lead in the global marketplace.” 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Both organisations have agreed to offer a variety of professional development programmes, certifications, and joint initiatives, with a focus on areas such as sustainability accounting standards and artificial intelligence.  

The partnership is expected to elevate the professional standards of Sri Lanka’s management accounting community, and support the nation’s trajectory within the international financial landscape. 

ACCA South Asia head Nilusha Ranasinghe said: “This renewed collaboration will not only help enhance the skills of professionals across accounting, finance, and business management but also contribute to the continued growth and development of Sri Lanka’s financial and corporate sectors.  

“The partnership will focus on promoting best practices in accounting, incorporating the latest technological advancements, and encouraging the adoption of ethical and strategic business practices.” 

In December 2024, the Dundee-based company Ashton McGill committed to investing in a new ACCA training programme.  

The programme, set to commence in May 2025, offers training and practical experience and is designed to assist two business management or accounting graduates in achieving chartered status through a customised scheme.