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The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the University of Kelaniya (UoK) recently entered into a Memorandum of Understanding (MoU) aiming to develop and promote the accounting education and the profession in the country.
The MoU was signed by CA Sri Lanka President Sujeewa Rajapaksa and Kelaniya University Vice Chancellor Prof. Sarath Amunugama.
The primary objective of the agreement is to help promote and nurture the accounting education, practice and the accounting profession of Sri Lanka by capitalising on the institutional strengths of both institutions.
Rajapaksa emphasised that as the largest tertiary education provider in the country outside the university system, CA Sri Lanka is continuously striving to further the importance of the accounting education in the country amongst the youth and this is yet another important initiative to further promote the significance of accountancy amongst university students.
“Today we have 41,000 students following our globally recognised chartered accounting course and this partnership will be a mutual beneficial to both institutions and its students,” Rajapaksa said.
He also noted that the institute has a considerable number of students following chartered accountancy along with the academic degree offered through universities in the country. “With this partnership, students of UoK can enjoy further exemptions to follow the chartered accountancy course at CA Sri Lanka,” he added.
CA Sri Lanka Chief Executive Officer Aruna Alwis, noted that in its capacity as the national body of accountants, the institute is committed to provide its students and members the best of both professional and academic educational opportunities and therefore the tie up with the UoK is also one such accomplishment in this endeavour.
“Today our institute boasts of exceptional infrastructure facilities situated within an ultra-modern multi storied building complex in Colombo 7, and apart from our chartered accountancy course, we also offer a range of diplomas, postgraduate qualifications and a MBA for students and professionals in the accounting and finance sectors,” he said.
He added that the primary aim of the institute is to help groom fully fledged professionals with the required skills and competencies in all areas.
The MoU will facilitate by offering a Bachelor of Business Management Accountancy (general) degree program accredited by the UoK which will be delivered through the distance learning mode, subject to the approval of the Council of CA Sri Lanka and the Senate of the UoK.
The Department of Accounting (DoA) of the University will also offer placements on its Master of Business in Accounting/Master of Business in Finance post-graduate degree programs to CA Sri Lanka members, subject to the approval of the Council.
The agreement will allow both CA Sri Lanka and UoK to jointly design and implement continuous professional development programs for the benefit of the institute members, academics and students.
The partnership will also promote activities between the DoA’s Student Association (ASAK) and CA Sri Lanka’s student body to jointly organise an annual accounting forum and to conduct career guidance workshops for the students.
The DoA and CA Sri Lanka will also jointly develop research projects and organise an annual research conference.
