ACCA Sri Lanka and Lanka BPO Academy to collaborate in fostering finance shared services industry

Monday, 7 November 2016 00:01 - - {{hitsCtrl.values.hits}}

The key personnel of the Lanka BPO Academy with the ACCA Sri Lanka Head Nilusha Ranasinghe at the signing ceremony

The Association of Chartered Certified Accountants (ACCA) has launched its Global Business Services (GBS) Qualifications, a suite of three qualifications which is dedicated to finance and accounting in the shared services and GBS sector.

The syllabus specifically aims to introduce the learner to the business model of shared services and outsourcing, particularly in relation to financial operations and how such models differ from and offer efficiency benefits over traditional central function based service provision. It also aims to teach some of the key business skills needed in a GBS environment.

With finance and accounting having been identified as one of the key areas of excellence in the GBS sector in Sri Lanka, ACCA recently signed a strategic partnership with the Lanka BPO Academy, Sri Lanka’s pioneer and the only BPO training center in the country. As per the agreement, Lanka BPO Academy is to offer ACCA’s GBS (Global Business Services products) qualifications to strengthen and foster the finance talent in the GBS Sector in the country and to enhance awareness among those interested to pursue a career in the GBS sector, in finance shared services.

This agreement was formalised at a signing ceremony, with the ACCA Sri Lanka Head Nilusha Ranasinghe and Lanka BPO Academy Lanka BPO Academy Director Yasas Abeywickrama.

ACCA Head Ranasinghe said, “The GBS industry in Sri Lanka is on a trajectory for expansive growth, including in the finance and accounting services. Therefore, the ultimate aim of this partnership is to develop the accountancy and finance profession in the GBS sector in the country. With many multinational and local companies establishing their GBS operations here and with over 200,000 new jobs slated to be available in the sector by 2022, there is no better time for our young talents to build a successful and rewarding career in Sri Lanka’s GBS industry.”

BPO Academy Director Abeywickrama also underlined the significance of this collaborative agreement and added that it will be a major boost to the GBS Sector which has been identified as major player in the economic growth and transformational development of Sri Lanka. “There is a high demand for finance professionals in the GBS sector and this prestigious partnership will help to accumulate more accountants to further enhance their skills and gain knowledge in the adoption of global standards in finance. We look forward to working together with ACCA on the key initiatives identified in our partnership agreement and to utilise this strategic collaboration to ensure Sri Lanka’s feasibility and readiness to cater to an increased range of financial services under the GBS industry, and further solidify our position within the top most globally preferred locations for GBS.”