Initially, the Canadian International Development Agency (CIDA) was funded the formulating of the new educational syllabus, preparation of study material, and other related inauguration works.

[1] CMA Sri Lanka now a full member of the International Federation of Accountants (IFAC) since 2014.

[8] The institution has 4 levels of examination and an integrative case study: Foundation, Operational, Managerial, and Strategic.

[20][21][22] CMA Sri Lanka has two grades of full membership and a part qualification designations.

The every trainee should maintain a training document and certify it by the CMA Sri Lanka approved witness (A qualified Accountant).

After gaining the ACMA qualifications and completing the 5 years working professional experience including 3 years of senior managerial level with the 120 hours of the continuing professional development (CPD) requirement can obtain the FCMA designation.

[24] The Institute of Certified Management of Sri Lanka enjoys MOU agreements with: And several other leading international accountancy bodies and universities.