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CA Sri Lanka launches UGC approved BSc. degree in applied accounting

Marking yet another milestone in its history, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) today ceremoniously launched its first ever degree programme in applied accounting at a gala ceremony held under the patronage of the Minister of Higher Education S. B. Dissanayake.

The new degree is another important landmark in the tertiary education sector of Sri Lanka and aspires to bridge the growing gap in the dearth of university level education in the country due to the limited number of intakes to local universities.

CA Sri Lanka President, Mr. Sujeewa Rajapakse addressing the distinguished gathering stressed that the BSc in Applied Accounting which has been approved by the University Grants Commission is yet another feat in the institute’s continuing endeavor to provide the country’s youth with the best qualifications in the accounting field.

“In recent times, we saw thousands of students losing opportunity to gain entry into universities due to the limited number of intakes, which led to many students spending substantial amounts and following foreign degrees from foreign universities and in some cases students joined foreign universities of questionable repute,” he noted.

Mr. Rajapakse emphasized that as a responsible institute and as a leading tertiary education provider, CA Sri Lanka therefore decided to help gap this increasing dearth in recognized higher education opportunities right here in Sri Lanka, and embarked on launching its own degree in applied accounting for the benefit of the country’s future generation of professionals.

He also noted that CA Sri Lanka in its capacity as the national body of accountants is steadfastly supporting the government’s vision in ensuring the youth in our country are empowered with the necessary professional skills as well as academically for their long term success and to ensure the country has a sufficient skilled workforce.

“I think this degree programme, will play a tremendous role in helping our nation achieve the objectives of a skilled workforce before long, so we can realize our country’s development driven ambitions,” Mr. Rajapakse added.

The inaugural degree programme which will commence in June this year will be conducted by the institute’s fully-fledged School of Accounting and Business (SAB).

Chief Executive Officer of CA Sri Lanka, Mr. Aruna Alwis noted that throughout the institute’s five decade long existence,   CA Sri Lanka has constantly assured quality education that is accessible to all in accordance to social needs and individual aspirations.

“Therefore, as a step forward and to meet the continuous market demands, the institute is introducing the BSc. (Applied Accounting) General/Special Degree Programme to fulfill the increasing demands in the field of accounting.  The main objective of this degree programme is to create employable graduates with the required practical knowledge, skills and attitudes,” he said.

Mr. Alwis emphasized that CA Sri Lanka is also equipped with the required modern infrastructure to ensure a re