Key Ministers to Address at CMA National Conference

CMA National Management Accounting Conference 2016 will highlight the importance of Total Cost Management to improve the competitiveness, efficiency and effectiveness and reduce wastage of organisations especially in the manufacturing sector, government and state owned institutions, public debt management and to create an awareness of the importance of TCM as a key enabler in Economic Activity.   

Total Cost Management (TCM) is a systematic and structured approach to understand the costs of an organisation, with the aim of providing a holistic framework to control, reduce and eliminate costs. Cost management is a philosophy, an attitude, and a set of techniques to create more value at lower cost. In this fast pace competitive scenario, Cost Management information increases customer value.

Total Cost Management (TCM) is spread across Governments, Companies, State owned Enterprises, Government Projects and all undertakings whether private or public and provides a holistic framework to control, reduce and eliminate costs, throughout the value chain. This process of managing the financial outcome of activities encompasses all operations, internal and external. TCM is also one of the most powerful tools that companies can wield in their quest for competitive advantage.

The inauguration of the Conference will be on 11 July at Cinnamon Lakeside and the ‘CMA Excellence in Integrated Reporting Awards 2016’ will also take place at this ceremony. 

The Chief Guest at the inauguration will be Minister of Industry and Commerce Rishad Bathiudeen. He will speak on the importance of Total Cost Management to industry and distribute the ‘CMA Excellence in Integrated Reporting Awards’ to companies who have excelled in Integrated Reporting. 

The Technical Sessions will be on 12 and 13 July and will consist of eight technical sessions with two panel discussions and will feature a total of 45 eminent chairmen, moderators, speakers and panellists both local and foreign.

The 1st Technical Session will be on Total Cost Management and the Economy and the Key Note Address at the Technical Sessions will be delivered by Minister of Finance Ravi Karunanayake. A panel discussion will follow and will have eminent economists and business personalities on the panel. 

‘TCM in Government and State Owned Enterprises to achieve Financial Discipline’ will be the afternoon session on day 1 there will be a key note address by Minister of Special Assignments Sarath Amunugama and a panel discussion on this topic. This session will have the Minister of Petroleum Resources Development Chandima Weerakkody, Committee of Public Enterprises Chairman Sunil Handunnetti, Deputy Minister of State Enterprises Eran Wickramaratne and former COPE Chairman D.E.W. Gunasekera

On the second day there will be a Key Note Address on ‘TCM Impact on Infrastructure Development’ by Minister of Megapolis and Western Development Patali Champika Ranawaka and other addresses on public and private partnership in infrastructure projects Indian experience and port development through PPP the Chinese experience.

The conference is specially meant for directors, CEOs, management and financial accountants, managers and executives in marketing, IT, human resource, banking, finance, insurance, key management of State-Owned Enterprises and government, lecturers of universities, technical colleges, professionals and others in industry, commerce, non-profit institutions and professional bodies. Those interested to register for the conference can contact Shanthi on 071-4705536 e-mail:[email protected] Special discounts will be applicable based on the number of registrants.