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.
News
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
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