The University of Kelaniya (UoK) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently entered into a Memorandum of Understanding (MoU) which aims at developing and promoting the accounting education and the profession in the country.

The MoU was signed by Vice Chancellor of the Kelaniya University Prof. Sarath Amunugama and CA Sri Lanka President Mr. Sujeewa Rajapakse.

The primary objective of the agreement is to help promote and nurture the accounting education, practice and the accounting profession of Sri Lanka by capitalizing on the institutional strengths of both institutions.

The MoU will facilitate the designing and offering of a Bachelor of Business Management Accountancy (General) degree programme accredited by the UoK which will be delivered through the distance learning mode, subject to the approval of the Council of CA Sri Lanka and the Senate of the UoK.

The Department of Accounting (DoA) of the Kelaniya University will also offer placements on its Master of Business in Accounting/ Master of Business in Finance post-graduate degree programmes to CA Sri Lanka members, subject to the approval of the Council.

The agreement will allow both UoK and CA Sri Lanka to jointly design and implement continuous professional development programmes for the benefit of the institute members, academics and students.

The MoU will also promote activities between the DoA’s Student Association (ASAK) and CA Sri Lanka’s student body (CA Students Society) to jointly organize an annual accounting forum and to conduct career guidance workshops for the students. The DoA and CA Sri Lanka will also jointly develop research projects and organize an Annual Research Conference.