News
ACCA offers pathways to obtain a Global Finance Qualification and a BSc Degree while awaiting A/L results
The Association of Chartered Certified Accountant’s (ACCA) Diploma in Accounting and Business is a globally recognized qualification, which is a badge of quality and professionalism, providing a solid foundation of all the necessary technical knowledge and soft skills required towards becoming a globally qualified accountant. Professionals with the ACCA qualification are highly sought-after by employers today, as the certificate is known to represent integrity, business acumen and in-depth financial knowledge.
ACCA now offers students, awaiting A/L results, the opportunity to enroll for this Diploma and thereafter continue to obtain a BSC degree in applied accounting from Oxford Brooks University UK and the ACCA professional qualification.
The qualification will help to gain a strong understanding of the essential technical accounting skills and develop the ability to impart sound commercial advice and recommendations as a finance professional.
The diploma comprises of a comprehensive curriculum designed to develop accounting knowledge and skills as well as professional values and covers underlying concepts relating to financial accounting, skills to support management in planning and control and decision-making utilising management information and fosters knowledge and understanding of the business and its environment and the influence this has on how organisations are structured. The qualification also has a strong focus on ethics and governance given the context that the profession is moving towards strengthened codes of conduct, regulation, and legislation.
To receive the Diploma, students must undertake three exams that include Business and Technology, Management Accounting and Financial Accounting, along with the Foundations in Professionalism module. The Diploma also offers a fast and flexible route to achieving its completion with computer-based exams available on-demand throughout the year. As such the entire Diploma can be completed within 4 to 6 months.
Nilusha Ranasinghe, Head of South Asia Cluster for ACCA, speaking of the value that can be derived from the qualification, stated “modern accounting professionals need a rigorous and flexible qualification to help them make a real contribution to business performance in the challenging business landscape that we are face with today.
Our qualifications meet employers’ needs, and helps those who study our degrees develop the technical knowledge and practical skills needed for top accounting roles. Organisations, therefore, know and trust our designation as we have gained a credible reputation for creating strategic-thinking accountants our fast-changing world need and our Diploma in Accounting and Business has proved to be a valuable asset to any aspiring professional who is hoping to forge a successful career for themselves in the fields of accounting and finance”
ACCA students and affiliates worldwide, are today amongst the world’s best-qualified and most highly sought-after accountants that work in top positions in every industry sector.
Therefore, whether it is the aspiration to start a career in finance, gain recognition for the wealth of skills and experience already achieved, or want accelerated progression to a more senior position in accountancy, the Diploma in Accounting and Business is an ideal pathway to attain a position as a leading finance professional.
Further information on the Diploma can be obtained by contacting the ACCA Sri Lanka office.
Parliament yesterday passed the Twenty-Second Amendment to the Constitution Bill and the Judicature (Amendment) Bill with two-thirds majorities, with 158 MPs voting in favour and 63 against each Bill.
The Illankai Tamil Arasu Kadchi (ITAK) and Sri Lanka Muslim Congress (SLMC) voted with the SJB against the Bills.
NDF MPs Ravi Karunanayake and Faizer Musthapha and SJB Badulla District MP Nayana Wasalathilaka were not present when the votes were taken.
The final vote on the Judicature (Amendment) Bill was announced at around 8.08 p.m. after Opposition MPs called for divisions on its clauses during the Committee Stage.
The votes followed a two-day debate which commenced on Thursday (24), after Justice and National Integration Minister Harshana Nanayakkara presented the Bills for their Second Reading.
The Supreme Court’s determination on the Bills was presented to Parliament on Tuesday (22) by Speaker Dr Jagath Wickramaratne. The Court determined that the 22nd Amendment Bill did not require approval at a referendum and could be passed by a special two-thirds majority in Parliament.
The amendment provides for raising the mandatory retirement age of Supreme Court judges from 65 to 67 and that of Court of Appeal judges from 63 to 65. It also provides for the Chief Justice to retire at 67 or after completing six years in office, whichever comes earlier.
The Speaker informed Parliament that the Judicature (Amendment) Bill could be passed by a simple majority.
The SJB opposed the legislation and its MPs attended Parliament dressed in black yesterday. The party also staged a protest at Polduwa Junction, Battaramulla, under the theme “No to 22, which destroys democracy”, with Opposition Leader Sajith Premadasa and several SJB politicians participating.
A valid Taxpayer Identification Number (TIN) Certificate will be required for a range of key transactions in Sri Lanka from November 1, 2026, the Inland Revenue Department (IRD) has announced.
The requirement, introduced under the Inland Revenue (Amendment) Act, No. 11 of 2026, applies to transactions specified under Section 102(3) of the Inland Revenue Act.
Accordingly, individuals will be required to produce a valid TIN Certificate when opening an account at a bank or financial institution, obtaining approval for a building plan, registering or renewing the licence of a motor vehicle, registering land or title to land, registering a business, transferring shares in a company incorporated in Sri Lanka or obtaining a credit card.
In the case of share transfers, both the transferor and transferee will be required to provide TIN certificates.
The IRD said officials handling such transactions had been instructed to ensure that a valid TIN Certificate was submitted before processing or completing the relevant transaction.
The Department advised those who do not already have a TIN to obtain one in advance through its e-Services platform.
It said a printout of the TIN verification result showing the applicant’s National Identity Card number and TIN could also be accepted instead of the certificate.The IRD also reiterated that obtaining a TIN is mandatory for resident individuals aged 18 and above under the applicable provisions.
By Norman Palihawadane
The Sri Lanka Navy brought 25 Indonesian fishermen safely ashore at the Colombo Port on Thursday (24), following a multi-agency rescue operation after their fishing trawler capsized south of Sri Lanka.
The fishermen were aboard the Indonesian-flagged fishing trawler KM Garuda Jaya VI, which capsized on September 22 while in the Australian Search and Rescue Region, leaving the crew in distress at sea.
The merchant vessel MV Moonstone responded to the distress situation and rescued all 25 fishermen from the sea. The vessel subsequently alerted the Maritime Rescue Coordination Centre (MRCC) Colombo about the incident and the rescued crew.
Following the distress alert, the Navy coordinated with MRCC Colombo and deployed two naval craft to bring the survivors safely to shore, with the assistance of relevant authorities.
The 25 fishermen were transferred to the Colombo Port, where they were provided with humanitarian assistance by the Navy.They were subsequently handed over to the Indonesian Embassy in Sri Lanka for further arrangements and onward action.
Showers in the Western, Uva and Sabaragamuwa provinces and in Galle, Matara, Kandy, Nuwara-Eliya, Batticaloa and Ampara districts.
22A, Judicature Amendment Bills passed with 2/3 majority
TIN mandatory for key transactions from Nov. 1
Navy brings 25 Indonesian fishermen ashore after trawler capsizes
Former Mineral Sands Chairman arrested over recruitment irregularities
Sarana Gunawardena’s wife remanded over alleged bribe
‘Dates have the highest sugar content to fight Coronavirus’
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