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HISTORY OF THE DEPARTMENT OF COMMERCE & FINANCIAL MANAGEMENT

The Department of Commerce & Financial Management (DCFM), formerly known as the Department of Commerce was initially set up as a sub-section under the Department of Economics in the Faculty of Arts in 1976. It is the founder of Commerce and Management education at the University of Kelaniya and pioneered to form the Faculty of Commerce and Management Studies in 1995.

Key Milestones

1976       -    Department of Commerce established as a sub department attached to the Department of Economics under the Faculty of Arts.

1980       -    It was given full department status and shifted to the Faculty of Social Sciences from Faculty of Arts.

1986       -    The first Postgraduate programme of the Faculty (Master of Commerce) was started

1993       -    Started the Bachelor of Commerce (External) Degree Programme which is now running with the collaboration of Centre for Open and Distance         Learning.

1994       -    Started two degree programs named as Human Resource Management and Accountancy.

1995       -    Established a new department as Department of Human Resource Management and Accountancy.

1998       -    Formed the Marketing Management unit under the Department of Commerce

2003       -    Formed the Association of Commerce and Management Education (ACME)

2005       -    Marketing unit was given the full departmental status as Department of Marketing.

2006       -    Achieved a competitive grant from the World Bank funded project named IRQUE (Improving Relevance and Quality of Undergraduate Education) with Rs. 65 million.

2007      -     Knowledge Centre was opened under the department

2008       -    Renamed the Department of Commerce as the Department of Commerce and Financial Management.

2009       -    Two new degree programs were introduced as Bachelor of Commerce (Special) Degree in Entrepreneurship Program and Bachelor of Commerce     (Special) Degree in Business Technology Program.

2010       -   Introduced an extension program named Diploma in Business

2011       -    Formed the Association of Business Technology (ABT)

2013       -    New degree program was introduced as Bachelor of Commerce (Special) Degree in Financial Management.