CA Sri Lanka rewards 87 outstanding students with scholarships

Tuesday, 8 July 2014 00:17 - - {{hitsCtrl.values.hits}}

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently rewarded 87 outstanding students including the top achievers at the 2013 Advanced Level examinations with scholarships to embark on a globally sought after career in chartered accounting. CA Sri Lanka scholarships were awarded to a total of 18 top Advanced Level students including the top ten students from the commerce stream, arts stream and district first students, in the presence of University Grants Commission Chairperson Prof. Kshanika Hirimburegama, CA Sri Lanka President Arjuna Herath, CA Sri Lanka Vice President Lasantha Wickramasinghe, CA Sri Lanka Foundation Member Asoka Jayasinghe and CA Sri Lanka CEO/Secretary Aruna Alwis. A total of 36 scholarships were also awarded under the L.A. Weerasinghe scholarship scheme where students are waived off from paying all compulsory fees and allows them to complete the institute’s Certificate Level I and II.

CA Sri Lanka also rewarded 30 scholarships to students enabling them to complete the Strategic Level and II, waiving them from paying all compulsory course fees, while granting a monthly allowance of Rs. 3000 to students who are undergoing strategic level training. Speaking at the scholarship award ceremony, Prof. Hirimburegama emphasised on the important role played by institutes outside the university system, thereby giving students who do not gain entry into universities equal opportunities to follow recognised programs of study. “It is also important to monitor the training and development of institutions outside the traditional university system, so it will increase our capacity to cater to a larger student population and meet the country’s skilled workforce,” she said. She noted that with institutes such as CA Sri Lanka also being granted degree awarding statuses, Sri Lanka could save a substantial amount of foreign exchange as students can now complete higher education in Sri Lanka without going overseas. The CA Foundation of CA Sri Lanka was established in 2010 with the aim of helping thousands of students from across the country to help realise their future ambition of becoming globally sought after chartered accountants. The foundation is tasked with awarding the scholarships every year, and comprises of a committee of chartered accountants who follow a grueling process including interviewing the applicants to choose exceptionally talented students who are awarded scholarships annually based on their needs and financial hardships.