History

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.

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