News and Events
News and events
AAT Business School embarks on its journey towards Higher Education PDF Print E-mail

 

 

 

Launches Higher Diploma in Accounting & Finance

 

 

AAT Business School, a strategic business unit operating under the Association of Accounting Technicians of Sri Lanka, with the mission to be the centre of excellence for Executive development by broadening the career pathway of AAT Students, Passed Finalists, Members and other professionals, is committed towards enhancing competencies and recognition of those seeking individual development.

 

Having Identified the need to create ways and means to achieve the above mentioned situation, AAT Business School launched on 16th Aug 2016 at Hotel Galadari its newly structured course- the Diploma in Accounting & Finance, and the Higher Diploma in Accounting & Finance (HDAF) to provide a sound theoretical basis in Accounting and Finance with requisite skills and attitudes for participants to progress in their careers in the selected fields mainly in the small and medium sized enterprises.

 

The Chief guest on the occasion was Professor Sampath Amaratunge , Vice-Chancellor - University of Sri Jayewardenepura. The event was full of glitz and glamour with eminent speakers including the Chief Guest and Mr. Kishu Gomes - CEO/Managing Director, Chevron Lubricants Lanka PLC, Dr. Arul Sivagananathan -Managing Director, Hayleys Power and Energy and BPO, Mr. Anton Godfrey -Executive Chairman of AGXA Global, AG International and Director of the Colombo Stock Exchange .The session chairman / moderator was Mr. Samitha Perera- Director/CEO-Ceylon Biscuits Limited (Foods) International. The panel discussion was on a timely topic “Challenging Traditional Wisdom”.

 

The Chief Guest, Professor Sampath Amaratunge , Vice-Chancellor - University of Sri Jayewardenepura, in his address commented that todays need is to develop executives to, demonstrate a sound understanding of advanced concepts and principles of accounting, finance, management, economics and other related social sciences so that they apply that knowledge in the decision making process and Improve the critical thinking ability, communication, negotiation, analytical and problem solving skills in professional and business contexts, display leadership, ability to work in teams, commitment for learning, and adaptability in the professional environment and ultimately develop positive attitudes and responsibility towards work and society.

 

Target group

 

The course is designed for school leavers after advanced level and employees who are already engaged in the fields of Accounting and Finance. Direct entry to Higher Diploma is possible to students who have completed the AAT Final level or for those with similar qualifications.

 

Duration of HDAF is two years with four semesters having 20 modules, and it constitutes a professional qualification and equips students to be more competitive in their respective industries. The followers will acquire sound knowledge and competencies, for strategic application in the fields of Accounting and Finance. Further AAT Business School will arrange bank loan facilities for students who follow this program as a solution to those facing financial constraints. Students will also be able to find suitable employment through the AAT job bank.

 

Application Procedure

 

An eligible person who wishes to follow the Diploma, should submit a completed application form that can be downloaded by visiting website aatsl.lk or visiting the AAT Business School at the AAT center No. 540, Ven. Muruththettuwe Ananda Nahimi Mawatha, Narahenpita , Colombo 05. Further details may be obtained by contacting Iresha on 0112559670.

 

Launches Higher Diploma in Accounting & Finance

 

 

 

 

 

 
AAT Sri Lanka Conference concludes on high note PDF Print E-mail

 

The 14th Annual Conference of the Association of Accounting Technicians of Sri Lanka (AAT Sri Lanka) was concluded under the patronage of Hon. Ranil Wickremasinghe, Prime Minister as Chief Guest at Hotel Galadari recently under the theme “Digitalization – Accountants’ Role”. The inauguration ceremony was attended by high profile government and corporate leaders. Hon. Harin Fernando Minister of Telecommunication and Digital Infrastructure, graced the occasion as keynote speaker highlighting the importance of digitalization in the context of the country’s development effort.

 

In the course of his address Honorable Prime Minister revealed some significant objectives to be achieved which are important to the financial accounting education industry of the country. The main objective would be to stabilize the economy and reduce the debt burden within the next 5 years, while simultaneously increasing the phase of economic growth. He highlighted the necessity of modernizing the education system to be suitable to produce professionals with unique skills and capabilities. He added that 13 years of compulsory education would be implemented so that each person in the younger generation would be equipped with at least one skill or professional qualification that will pave the way to a knowledge-based economy. Hon. Prime Minister responded to a request made by the president of AAT Sri Lanka, Mr. J.M.U.B. Jayasekera and ensured Incorporation of the Association by an Act of Parliament in consideration of the useful work performed by the Association.

 

Hon. PM agreed to assist AAT by providing funds to provide training to its students and members. He also requested that AAT should identify accounting technicians in public sector, provide educational support to them to upgrade them. For the purpose, Hon. PM requested that AAT Sri Lanka and CA Sri Lanka should submit a joint proposal to the government to allocate requested funds.

 

Hon. Harin Fernando, Minister of Telecommunication and Digital Infrastructure simplified and explained the meaning of Digitalization as “bringing life into ones finger tips”. Considered in a broader sense, Digitalization of Accountants’ role is “to change the way” in which accounting standards are being implemented. “From the perspective of digitalization, we will provide the infrastructure needed for Digital Commerce” he added. He also mentioned that a system will be implemented to issue a Digital National Identity Card and the Digital Transaction Card to every citizen of the country. The Minister highlighted the importance of effecting a cultural change to ensure that Sri Lanka is also moving forward in the pace in which the rest of the world is moving.

 

Addressing the inaugural session, the President of AAT Sri Lanka, Mr. J.M.U.B. Jayasekera said, “From the inception we were able to survive as a Self-funded organization. We offer scholarships to needy students, conduct National Schools Best Annual Report and Accounts Award as a CSR initiative, and many other social events. We serve the entire SME sector, who can’t afford to hire costly professional accountants. Our members serve all around the country.” He requested the Hon. Prime Minister to consider the social service AAT Sri Lanka has rendered to the nation and grant 5 humble requests. One was the Incorporation of AAT Sri Lanka by an Act of Parliament enabling AAT members to celebrate its’ 30th Anniversary in 2017 with a Parliamentary Approved AAT Sri Lanka. Next he requested to create a Public Sector Accounting Technicians Service and to provide financial assistance to Art Undergraduates in State Universities to follow AAT programs. Also he requested the Hon. Prime Minister to consider nominating an Accounting Technician to serve in “School Management Boards” which is suggested in the education policy and to introduce an Act compelling to maintain proper accounting records in the SME sector.

 

Stimulating Technical Sessions followed on the next day (2nd November 2016) to coincide with the substance and the significance of the conference theme presented by eminent resource personnel. The following topics were discussed by eminent resource personnel. “Digitalization-A Game Changer”, “Revolutionized Finance in a Digital Era”, “How to Reimagine HR in today’s Context” & “How Safe is Your Data”. The conference facilitated exchange of profound expertise of 16 resource personnel in chosen fields.

 

Session one titled “Digitalization-A Game Changer” was presented by Mr. Fariq Cader. The panel discussion was chaired by Mr. Rohan Jayaweera while Mr. Dulith Herath and Mr. Sujith Subasinghe served as panelists. During the session, it was explained that Digitalization is a beginning of a new era which transforms the lives of people and the way the businesses are being conducted. The importance of maintaining the necessary pace with global modernization was highlighted in order to accelerate consumer power alongside the competition. It was stated that organizations that possess the digital capability have become more powerful than their competitors. On the other hand, digital transformation is a remarkable opportunity of which the reward could be enormous.

 

“Revolutionized Finance in a Digital Era” the session 2 was presented by Mr. Dushan Soza. Mr. Reyaz Mihular chaired the session while Mr. Jehan Perinpanayagam and Ms. B.A.D.D. Herath contributed as the two panelists. This session highlighted that whilst the role of Accountants are being digitalized, new threats are being immerged by way of Cyber Security such as hackers’ penetration to the servers and financial information. Therefore, accountants will have to keep abreast and ahead of the curve to become the preferred employees, lead new tasks such as leading the particular organization toward international security standards to secure company’s assets and financial data and mitigate and safe guard company’s confidential information.

 

Session 3 was about “How to Reimagine HR in today’s Context” which was presented by Prof. Ajantha Dharmasiri and chaired by Prof. M. Thilakasiri. Mr. Dilan Gooneratne and Mr. Samantha Rathnayake contributed as the panelists. The presentation explored the prospects of going digital while being diligent in treating the most important asset of the organization, the human capital. It was noted that managing a multi-cultural, multi-generational and multi-skilled employee base is identified as a key challenge the modern day HR professionals have to face. In order to be green, lean and seen HR professionals have to put their acts together in strengthening the needed critical competencies.

 

Both Dr. Kasun De Zoysa and Mr. Sujit Christy made 2 valuable presentations on “How Safe is Your Data” and the session was chaired by Mr. Thilak Pathirage. Mr. Jayantha Fernando was also in the panel as a panelist. This session gave an overview of technologies that enforce data confidentiality in storage especially in cloud computing scenarios. It was concluded that the present technologies are insufficient to process confidential data due to non-providence of confidentiality and integrity security services in storage. It was noted that digital security is the next evolution in cyber security to protect the pervasive digital presence. Although the impact of digitalization is not new, the digital economy is entering a new age that presents unprecedented challenges for all organizations.

 

The Annual Conference of AAT Sri Lanka is recognized as one of the most anticipated events especially among SME sector key personnel which enable them to build repute as a thought provoking summit spurring insights on broad economic and business issues apart from its core emphasis on finance related topics. Participating in the conference was believed to add value to knowledge and shape up skills on many aspects demanded by both the profession and the personality of the participants. The Conference also served as a platform to network among the AAT Sri Lanka fraternity.

 

 
Gold Winner PDF Print E-mail

 

 

AAT Sri Lanka is the proud winner of the Gold Award for the 3rd consecutive year

(Association & Societies sector)

at the

National Business Excellence Awards 2015

conducted by the National Chamber of Commerce Sri Lanka

 

 

 
Ceremonial Induction of the 9th President of AAT Sri Lanka PDF Print E-mail

 

The Association of Accounting Technicians of Sri Lanka (AAT Sri Lanka) inducted Mr. J.M.U.B. Jayasekera as the 9th President of the Association on 13th May 2016 at the Prof. Lakshman R Watawala Auditorium, AAT Centre, Colombo 5 at a ceremony attended by a distinguished audience comprising corporate leaders and elite professionals in Sri Lanka.

 

Mr. Jayasekera was ceremonially inducted in the presence of the Chief Guest Hon. Patali Champika Ranawaka, Minister of Megapolis and Western Development and Guest of Honour Mr. Lasantha Wickramasinghe, President – CA Sri Lanka.

 

Addressing the gathering, Hon. Patali Champika Ranawaka said that, “it is significant to mention that AAT Sri Lanka has been able to manage its own affairs on its own without any financial assistance from the government all these years. This can be considered as shouldering a great social responsibility at national level, on behalf of the Government, considering the economic impact, AAT Sri Lanka has made in accountancy education, and producing Accounting Technicians to the country”

 

Minister noted the fact, that he is aware that the Governing Council of AAT Sri Lanka has initiated action to have it incorporated by an Act of Parliament and he has pledged support for this more and would continue to help the council to expedite the incorporation.

“Our Government is also planning to avail of the services of competent accounting technicians to the Public Service and Corporations. We also intend to establish an Accountancy Technicians Service in order to get the services of members of AAT Sri Lanka also into Public sector and Corporation services” he added.

 

Moreover, Minister Ranawaka stated that, “recently the ADB has granted 3 billion US Dollars financial assistance to Sri Lanka Government. Main part of this fund will be utilized for SME sector. I hope that the AAT Sri Lanka should be given a material financial assistant to developing special programs for SME.”

 

He also mentioned that, “the government intends to introduce a scholarship scheme to encourage students studying accounting courses such as AAT.”

 

“The government also supports creation of legal provision conducive to proper accounting and management of small and medium sized enterprises and establishment of a Small and Medium Size Enterprise Development Authority” he stated further.

 

Concluding his address, Minister congratulated and wished the new President Mr. J M U B Jayasekera and the Members of the Governing Council to continue their good work in order to lift the quality of life in Sri Lanka.

 

Mr. J.M.U.B. Jayasekera was the Vice President of AAT Sri Lanka prior to his elevation as the President of the association. He has been the secretary to the Governing Council of AAT Sri Lanka during the years 2008 to 2011. He has served the AAT council nearly 20 years from the inception. During this period he has served committees such as Finance & Administration Committee, Curriculum Development Committee and Best Annual Reports & Accounts Awards Committee.

 

During his address, Mr. Jayasekera highlighted about his Way Forward 2016/17 which was submitted by him to the new council and was approved. The Way Forward 2016/17 includes how the Association should be driven during this couple of years and Mr. Jayasekera explained them briefly to the gathering.

 

He mentioned that, currently AAT is enjoying the associate membership of International Federation of Accountants (IFAC) and it is expected to gain the full membership during the term while continuing the full membership of Confederation of Asian and Pacific Accountants (CAPA). The association is also working towards obtaining the membership of South Asian Federation of Accountants (SAFA) as well.

 

Another significant fact is that it is expected to complete the Incorporation of the Association by a Parliament Act. Special attention will also be rendered for Member and Student development and welfare. The new president also mentioned the necessity of maintaining the links with AAT UK.

 

Mr. Jayasekera was involved with AAT Sri Lanka which has played a proactive role in strengthening the middle level segment of the Accounting profession in Sri Lanka, and during the past 28 years. AAT Sri Lanka has been a benchmark of excellence in the professional education sector, training and qualifying its members and students to be outstanding winners who are knowledgeable, capable and transparent in all that they do.

 

At present, with over 35,000 registered students and 4,500 professional members, AAT Sri Lanka has become one of the leading educational bodies in the region that has consistently produced a large number of accounting professionals, much needed to a growing economy.

 

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
Lighting of the oil lamp

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
Guest of Honour Mr. Lasantha Wickramasinghe, President – CA Sri Lanka

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
Chief Guest Hon. Patali Champika Ranawaka, Minister of Megapolis and Western Development

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
AAT Sri Lanka President – J.M.U.B.Jayasekera

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
 

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
 

 

Ceremonial Induction of the 9th President of AAT Sri Lanka
 

 

 
අධ්‍යාපන අමාත්‍යාංශය හා ගණකාධිකාරී ශිල්පීය ආයතනය වාර්ෂිකව පවත්වනු ලබන හොඳම වාර්ෂික වාර්තාව හා මුල්‍ය ප්‍රකාශන තරගාවලිය - 2016 PDF Print E-mail







 
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