Sri Lanka’s first ever degree in applied accounting receives good response
View(s):Sri Lanka’s first ever degree in applied accounting by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has received an overwhelming response after applications were called from prospective students.
CA Sri Lanka President Sujeewa Rajapakse said the BSc. in Applied Accounting which has also been approved by the University Grants Commission “is turning out to be one of the most sought after accounting degrees in the country based on the response the institute has received so far”, according to a statement issued by CA Sri Lanka.
The degree programme will commence in June this year. The degree is designed under two stages, namely the general degree programme which will be conducted over a period of three years covering six semesters and or the special degree which will be conducted over a period of four years covering eight semesters.
“The primary aim of the degree programme is to create employable graduates with the required skills, competencies and industry knowledge to fulfill a successful accounting career. Upon completion, students will gain extensive knowledge and required skills in accounting practices, as this is the only degree programme in Sri Lanka that enables students to gain knowledge in the field of ‘Applied Accounting’,” Mr. Rajapakse said.
He noted that in recent times thousands of students lost an opportunity to gain entry into universities due to the limited number of intakes in local universities mainly due to limited capacities in universities.
“We saw hundreds of students having little choice but to follow degrees offered from foreign universities at substantial costs. We saw some other students joining universities of questionable repute. Therefore as a responsible institute and as a leading tertiary education provider, we decided that it was time we gap this increasing dearth in recognized higher education opportunities right here in Sri Lanka, and we embarked on offering our own degree in applied accounting for the benefit of our future generation of professionals,” the CA Sri Lanka President said.
“Annually we spend vast amount of rupees on foreign universities, but I believe the degree programme offered by CA Sri Lanka will open new avenues for our youth and I think with the introduction of the BSc. in Applied Accounting Sri Lanka will also help save a substantial amount of money from going out of the country because we are offering a recognized degree right here in Sri Lanka which is within the budget of many,” he added.
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