Business Times

ICASL, local university pledge to develop accounting education in Sri Lanka

The Institute of Chartered Accountants of Sri Lanka (ICASL) and the Department of Accounting (DA) of the University of Sri Jayewardenepura (USJ) recently signed a Memorandum of Understanding (MoU) to develop the accounting education in the country through the collaboration of accounting academia and practitioners.

Picture shows (from left) -- Prof. Samanthi Senaratne ,Senior Lecturer Department of Accountancy USJ; Prof. Sampath Amaratunga, Dean Faculty of Management Studies and Commerce USJ; Dr. N L A Karunaratna, Vice Chancellor USJ; Sujeewa Mudalige -President ICASL; Sujeewa Rajapakshe - Vice President ICASL; and Aruna Alwis -CEO/Secretary ICASL.

Following the signing of the MoU, the Institute and the Department will also cooperate in a spirit of mutual understanding and develop closer relationships of goodwill and friendship between the two bodies, according to an ICASL press release.

ICASL President Mr. Sujeewa Mudalige commenting on the agreement with the USJ emphasised that, apart from the fact that the Institute is the largest tertiary education establishment in the country outside the university system with a student base of over 35,000, a significant number of students from the same university and specifically from its Department of Accountancy are following the Chartered Accountancy course at the ICASL.

“Many of our members are alumni of the University of Sri Jayawardenapura and we have had a long standing mutually beneficial relationship. Another common feature is that both institutions attract the brightest students after Advanced Level who are eager to follow a career in accountancy either in academia or in business.”

Vice Chancellor of the University of Sri Jayewardenepura Dr. N. L. A. Karunaratna noted that the Department of Accounting, a pioneer in academic accounting education in the country by offering B.Sc. Accounting (Special) Degree Programme in 1992, has worked very closely with accounting professional bodies from its inception and expressed confidence that this association would further strengthen the cause to work closely with the accounting practitioners for the advancement of the accounting profession in the country.

The agreement will see both the ICASL and the DA jointly sharing the resources of the two institutions including facilities available at the computer laboratories, language laboratories and libraries.

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