Visionary leap with CA Sri Lanka’s new curriculum

Mar. 26, 2014 (LBT) - The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in a visionary leap aimed at revolutionizing professional education,, unveiled its groundbreaking new curriculum yesterday. The new curriculum is planned to produce highly versatile chartered accountants for 2020 and beyond who will help steer businesses across all sectors with their unique competence and multi-faceted skills.

The curriculum 2015 was ceremoniously launched under the theme ‘The Change that creates Champions’ at the Cinnamon Grand Hotel on March 25 in the presence of business leaders including the Chairman of the Ceylon Chamber of Commerce, Suresh Shah, chief guest, academics and students.

The new curriculum, which comes into effect from next year, is designed to ensure that the future chartered accountant goes beyond its traditional financial role and becomes a true partner in business who will create value, enable value, preserve value and report value to the organization they serve.

The new curriculum, which meets international standards including global qualification requirements laid down by the international Federation of Accountants in its International Education Standards, was developed following an intensive consultation process comprising CA Sri Lanka members, and non-members including chief executive officers, heads of accounting and finance, human resource managers, academics and students.

Speaking at the landmark event, President of CA Sri Lanka, Arjuna Herath emphasized that the world had become exceedingly complex and is fast changing.

“In such an environment, we need to continuously transform ourselves to be useful players in the progress and development of our people and the organizations we serve. This was the rationale for he new syllabus. It demonstrates our commitment to making the Chartered Accounting qualification relevant to current and future needs of business and an enhancement to the learning experience of students,” he said.

The new syllabus is geared to meet the needs of both employers and employees at all levels of competencies, said Herath adding that, “The highest level being a ‘2020-ready’ Chartered Accountant who will partner the businesses to tomorrow through financial leadership. Our aim is also to make this qualification the most sought after qualification for a business leader”.

The curriculum 2015 is structured around three pillars: Knowledge, Skills and Personal and is offered at three levels: Executive, Business and Corporate.

Add comment


Security code
Refresh

Banner
  • 0
  • 1
  • 2
prev
next

Positive shift in manufacturing industry, says Ministry Secretary Anura Siriwardena

Aug. 11, 2014 (LBT) - During the recent past, the expenditure on imports of Sri Lanka has shown a declining trend. The intermediate goods are the category that is largely being imported to Sri Lanka, with a contribution of 59%, while investment goods and consumer goods follow with a share of 23% and 18% respectively. This reflects a positive shift in the manufacturing industry, contributing to a more stable development within the country, said Anura Siriwardena, Secretary, Ministry of Industry and Commerce on Tuesday, August 5. Delivering the keynote address at the 79th AGM of the Import Section, Ceylon Chamber of Commerce held at the Taj Samudra Hotel in Colombo, Siriwardena said that the country from which Sri Lanka sources the highest amount of imports is India, which contributes to 17.6% of our imports, while China is close behind, with a share of 16.4%. Singapore, UAE, Oman, Japan and Malaysia are the next largest sources of imports of Sri Lanka at present, he said. Pointing out that countries were vastly diverse when it came to the level of their resources, both natural and human, the Ministry Secretary Siriwardena noted that it determined the production capacity, as well as the range and ... Read more

Opinions | Hits: 444 | Comments

'Stock Market buoyant – CSE and SEC target local and foreign investors'

July 19, 2014 (LBT) - As the Sri Lankan economy takes an upward turn, with economic growth being at 7.5 per cent over the past four years, macroeconomic indicators signal an ideal environment for investment, with bank interest rates at an all-time low, the investment atmosphere is idyllic for prudent and well informed investors. “It is important to understand the long term nature of capital market investment and the cyclical flow that it follows. If one looks at the indices right now, one is able to see the positive growth trajectory of the market. The ASPI has crossed the 6600 point mark and the S&P SL20 was recently at the highest since its launch, indicating that the stock market is now on an upward turn based on valuations and fundamentals,” says CSE’s Head of Market Development Niroshan Wijesundere. Taking into account this ideal investment environment, the Colombo Stock Exchange (CSE) along with the Securities and Exchange Commission (SEC) and other stake holders, have taken strident steps to develop the capital market, with a new strategic direction adopted since 2012. Under the CSE’s three year strategic plan and the SEC’s ten point plan, the CSE has embarked on a steady phase of ... Read more

Opinions | Hits: 1014 | Comments

Agarwood Investment presents higher returns within just 8 years

July 05, 2014 (LBT) - Today in existence are several investments instruments that can be employed to secure future savings that can in turn provide prosperous returns. Utilizing various methodologies, the range of existing investment tools offered to prospective investors is innumerable. However, a main difference in the investment is the expected changes in the capital and the increase in profitability one can receive in terms of the original investment, for when savings are usually short- termed, the expectation for true realization of the interest potential is less. A mixed investment portfolio is beneficial and accrues many advantages to those who invest. The foremost advantage is when the investment is coupled with less uncertainty and through the investment, the highest returns received. Prospective investors looking at short term, medium term and longer term investments through the advice of their respective fund managers select the most appropriate basket of investment instruments and investment plans to suit their needs. Among the many investment schemes on offer today commercial forestry garners an investment of both medium and long-term returns. Moreover, investment through Agarwood provides 35% profitability, and is today especially praiseworthy as a medium term investment being promoted by Asian and Australian fund ... Read more

Opinions | Hits: 1323 | Comments

Banner
Banner
Banner
Banner
Banner

Indices recovered during the day to close in green

Aug. 12, 2014 (LBT) - The indices closed with gains due to price gains in Ceylon Tobacco Company, Ceylon Cold Stores and Ceylinco Leasing Company. High net worth and institutional interest in Nation Trust bank, John Keels Holdings, Lanka IOC, Diesel & Motor Engineering and Ceylon Cold Stores elevating the turnover to cross the Rs 1.2 Bn mark. Foreigners closed as net buyers due to buying in counters such as Nations Trust Bank, John Keells Holdings and Distilleries. Banks, Finance & Insurance sector was the top contributor to the market (due to Nations Trust Bank and Hatton National Bank) whilst the sector index decreased by 0.05%. The share price of Nations Trust Bank gained Rs 1.20 (1.47%) to close at Rs 82.60 while the ... Read more

Movement | Business Editor | Hits: 334 | Comments

Activity continues across the board

Aug. 11, 2014 (LBT) - Bourse closed in the positive territory with price gains witnessed in C T Holdings, Dialog and National Development Bank. Crossings were witnessed in Hayleys, Chevron Lubricants, Access Engineering and Diesel & Motor Engineering while further institutional and high net worth interest was witnessed in Lanka Milk Foods. Turnover crossed the Rs 1 Bn mark with activity seen across the board and retail activity evident in First Capital Holdings. Banks, Finance & Insurance sector was the top contributor to the market (due to Hatton National Bank) whilst the sector index increased by 0.15%. The share price of Hatton National Bank lost Rs 0.50 (0.29%) to close at Rs 170.00. Diversified sector became the second highest contributor to the market ... Read more

Movement | Business Editor | Hits: 578 | Comments

Active market across the board

Aug. 08, 2014 (LBT) - Market remained active across the board with the turnover crossing the Rs 1.5 Mn mark. Institutional and high net worth interest was witnessed in Alumex, John Keells Holdings, Diesel & Motor Engineering and Seylan Developments. Meanwhile, retailers were active with interest seen in Central Investments & Finance, Browns Investments and PCH Holdings. ASPI and S&P SL20 gained 1.59% and 1.13% respectively for the week ended. Banks, Finance & Insurance sector was the top contributor to the market (due to Hatton National Bank) whilst the sector index increased by 0.46%. The share prices of Hatton National Bank gained Rs 1.10 (0.65%) to close at Rs 170.10. Diversified sector became the second highest contributor to the market turnover (due to John ... Read more

Movement | Business Editor | Hits: 384 | Comments

Banner
Banner
Banner