CA Sri Lanka signs MoU with Faculty of Management Studies, Sabaragamuwa University

Tuesday, 30 March 2021 03:12 - - {{hitsCtrl.values.hits}}

Head table with officials from CA Sri Lanka and Sabaragamuwa University

SUSL Faculty of Management Studies Dean Professor Athula Gnanapala addressing the guests

CA Sri Lanka President Manil Jayesinghe addressing the event

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding (MoU) with the Faculty of Management Studies of the Sabaragamuwa University of Sri Lanka (SUSL) to offer a ‘Gold Medal Award’ to the most outstanding student specialising in Financial Management during the annual convocation of the SUSL.

The MoU was signed by CA Sri Lanka President Manil Jayesinghe and SUSL Vice-Chancellor Professor Udaya Rathnayaka.

The MoU will be in force for an initial period of two years and may be renewed by mutual agreement between the parties valid for five years from the date of execution. CA Sri Lanka has agreed to offer a Gold Medal Award to the best performing student of the degree program; BSc. Honours in Financial Management and further scholarships to undergraduates of Faculty of Management Studies to follow the CA professional programme.

The MoU facilitates the university and the CA Sri Lanka by granting opportunities for the lecturers of both institutions to participate in seminars, workshops, and conferences conducted on accounting themes and topics, subject to payment of fees levied from all participants. Further, CA Sri Lanka may offer their eminent personalities driving academic and professional activities.

MoU amplifies the knowledge base allowing the lecturers of the Faculty of Management Studies to access the CA Sri Lanka library and create immense opportunities for joint research work on the accounting discipline. Moreover, CA Sri Lanka contributes to revising the curriculum and finding training opportunities for undergraduates of the Faculty of Management Studies, SUSL. CA Sri Lanka and the Faculty of Management Studies will collaboratively be developing the forum for contemporary Issues and be hosting the International Accounting Day.

Professor Rathnayaka stated, “In today’s fast-paced world, we need beneficial partnerships to encourage creativity, leverage experience, and maximise resources that can help to solve a business solution as quickly as possible.”

Commenting on the collaboration, SUSL Faculty of Management Studies Dean Professor Athula Gnanapala, stated that “we are delighted to join hands with the national body for accounting to enhance the professional competencies of students who are related to both accounting and non-accounting. I believe that the academic institutions should join hands with professional institutions for the betterment of the future leaders of the country.”

CA Sri Lanka President Manil Jayesinghe said that the MoU between the Sabaragamuwa University and CA Sri Lanka was both a historic and important event as it unites the academic and professional fraternities in the country. “Therefore, the coming together of the Sabaragamuwa University and CA Sri Lanka is important to ensure greater collaboration between professionals and academia as well as assist in the further development of the accounting profession in Sri Lanka,” he said.

SUSL Department of Accountancy and Finance Head Dr. D.G. Dharmarathne was also present at the ceremony.

CA Sri Lanka President Manil Jayesinghe and SUSL Vice-Chancellor Professor Udaya Rathnayaka exchanging the MoU