CASL inaugurates Applied Accounting program

The country's first ever BSc. Degree program in Applied Accounting was launched by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently.

The maiden batch which consisted of students from various parts of the country including Colombo were enlightened on the many benefits and advantages they can enjoy as undergraduate students of CA Sri Lanka, which is one of the country's largest tertiary education providers with a membership of over 41,000 students.

CA Sri Lanka President, Sujeewa Rajapakse said that degrees are a prerequisite in today's fast paced and ever evolving world and having understood the importance of degrees, the institute took steps to launch a recognised accounting degree for youth and professionals interested in furthering their academic education to ensure greater success in their chosen careers.

"Today is a proud day in our history as we welcome our first batch for the CA Sri Lanka degree program," he said.

Rajapakse said that CA Sri Lanka is the only professional institute in the country which offers a professional qualification and a degree in accounting. The degree in applied accounting has been recognised by the University Grants Commission, giving students an added leverage.

Immediate Past President of CA Sri Lanka, Sujeewa Mudalige called upon the students of the first batch to follow the chartered accountancy professional qualification conducted by CA Sri Lanka, which commands global recognition.

Chief Executive Officer of CA Sri Lanka, Aruna Alwis said that unlike most other degree programs offered here and abroad, the CA Sri Lanka degree comes with some distinctive advantages.

"Primarily among these advantages is that it is designed to produce employable graduates with the required skills, competencies and industry knowledge to fulfill a successful accounting career," he said.

Alwis said that accountancy has always been a profession that has been in demand. "In the current context of the corporate world, qualified accountants occupy most of the top positions in companies and industries."

"Our members are proof of the growing demand because more of our members are today spearheading various businesses here and even abroad," he said.