Exemptions

All the active AAT students who wish to complete subjects or stages of AAT Examinations by exemption upon required qualifications should apply for such exemptions immediately after the registration.

Anyhow the students who are pending the required qualifications to apply for the exemptions immediately after registration should apply for the same subsequently subject to following closing dates.

Closing dates for Exemptions

For July Examination - 31^st March
For January Examination - 30^th September

If you apply after the above closing dates, granting of your exemption will be delayed (please see Student Guide for more details).

As no subsequent complete result sheet will be offered incorporating the subsequent exemptions granted after the closing dates, you are strictly advised to adhere to the above dates.

Exemption once granted will not be cancelled under any circumstances.

Your choice to complete a subject of AAT must be either by Examination or by Exemption only.

Exemption Fees (Effect from 20^th September 2025)
Examination Level	Description	Fees (LKR)
Level I	Per Subject	2,400/=
Level II	Per Subject	2,900/=
Level III	Per Subject	3,100/=
Talent Capstone	Per Subject	2,900/=

Payment options

You have two options to make the exemption payment.

Option 01: To bank (any branch of HNB banks)
HNB (A/C No. 039020327099)
Note : Please put 33 prefix with your 7 digit student registration number for the payment reference number without fail.
Option 02: Online through AAT website (https://aatsl.lk/index.php/en/online-payment) You can make the payment online using a credit card.
Note : Please put 33 prefix with your 7 digit student registration number for the Account ID without fail.

Exemption Requirements

Duly completed Original Exemption Application Form
Depositor’s Original Copy of Bank Pay-in-voucher (with Bank Stamp)
Certified Photocopies of the Educational Certificates based on which the exemptions are claimed
Acknowledgement Postcard with the appropriate postage stamp affixed and the Name and Address of the applicant written clearly.

Important: A certificate of exemption should be obtained before applying for examinations. Exemption Application and payment instructions are part of the AAT Students’ Guide.

If the Exemption Certificate is lost / misplaced, a duplicate certificate could be obtained by making a payment of Rs. 500/=. For this a written request should be made by the student.

Exemptions under new curriculum (Effective from July 2026 examination)

Subject Exemptions - Level I

(A) Registered students who have passed G.C.E (A/L) examination (Sri Lanka/UK) in the following subjects are eligible to be exempted from AAT Level I examination subjects as shown below.

G.C.E (A/L) Subjects	Level I exempted Subject
Accounting	1901 Financial Accounting (FAC)
Combined Mathematics / Pure Mathematics / Applied Mathematics / Business Statistics	1902 Business Mathematics and Statistics (BMS)
Economics	1603 Economics (ECN)
Business Studies / Commerce and Finance	1604 Business Environment (BEN)

(B) Those who have passed the Final Examination of the International Association of Bookkeepers (IAB) are exempted from 101 Financial Accounting subject (FAC) in Level - I.

(C) Those who have completed the Certificate in Banking and Finance (CBF/IABF)Examination of the Institute of Bankers (SL / UK) are exempted from following subjects.

IBSL Subject	Level - I exempted Subject
Business Accounting	1901 Financial Accounting (FAC)
Business Mathematics and Statistics	1902 Business Mathematics and Statistics (BMS)
Principles of Economics	1603 Economics (ECN)

Subject Exemptions from Level - I and Level - II

Students who have completed Masters of Business Administration (MBA) Program relating to Management field at an University approved by the University Grants Commission (UGC) of Sri Lanka are eligible to be exempted from following subjects;

Level I

1901 Financial Accounting (FAC)
1603 Economics (ECN)
1604 Business Environment (BEN)

Level II

2804 Business Management (BMA)

Complete Exemption from Level I and Business Law (BLA) Subject at Level II

Diploma in Management Studies / Higher Diploma in Management Studies of Open University of Sri Lanka
First (1st) and Second (2nd) year Examination of the HNDA / HNDC / HNDM conducted by Government Technical Colleges /Advanced Technological Institutes
Completion of HNDBA conducted by Government Technical Colleges /Advanced Technological Institutes
Other University degrees recognized by University Grants Commission of Sri Lanka except the Management and Commerce degrees (non-management degrees).

Complete exemption from Level - I and Financial & Cost Accounting (FCA) subject at Level - II

Fundamental (Knowledge Module) of Association of Chartered Certified Accountants - ACCA (UK)

Complete exemption from Level-I and Business Law (BLA) & Digital Transformation & Information System (DTI) Subjects at Level - II

First (1st) and second (2nd) year Examinations of Management and Commerce Degrees recognized by the University Grants Commission of Sri Lanka.

Complete exemption from Level - I and Business Law (BLA) & Financial & Cost Accounting (FCA) subjects of Level - II

Certificate Level of Chartered Institute of Management Accountants (CIMA- UK)
Foundation Level of Institute of Certified Management Accountants of Sri Lanka - CMASL

Complete exemption from Level - I and Financial & Cost Accounting (FCA) & Business Management (BMA) subjects at Level - II

National Certificate for Accounting Technicians (NCAT) conducted by Technical Colleges under the Department of Technical Education & Training

Complete exemption from Level - I and Level - II except Financial & Cost Accounting (FCA) at Level II

Passed Finalist of HNDC / HNDM conducted by - Government Technical Colleges /Advanced Technological Institutes

Complete exemption from Level - I and Level- II except for Digital Transformation & Information Systems (DTI) at Level II

Higher National Diploma in Business Finance (HNDBF) conducted by Sri Lanka Institute of Advanced Technological Education

Complete Exemption from Level I and Level II

A Degree from a university which is recognized by University Grants Commission of Sri Lanka with passes in;

Accounting
Business Mathematics & Statistics
Information Management & Application
Business Law and
Economics

Operational Level of Chartered Institute of Management Accountants (CIMA- UK)
Third (3rd) year Examination of HNDA (first and second years should also be fully completed.)
National Diploma in Accountancy (NDA) conducted by Technical Colleges under the Department of Technical Education & Training
Year III complete undergraduates of Accounting Special Degrees programs across all national universities

Complete Exemption from Level - I and Level - II with Management Accounting & Finance subject (MAF) at Level - III

Operational Level of Institute of Certified Management Accountants of Sri Lanka - CMASL

Exemptions available for CA Sri Lanka

(A) The scheme of exemptions for those who have passed individual subjects of Business Level I & II Examinations (2025-2030) of CA Sri Lanka is as follows.

Subject passed at CA Sri Lanka - Business Level	Subjects exempted under AAT Sri Lanka Examinations
Business Level - I
Financial Accounting	1901 Financial Accounting (FAC) 2801 Financial & Cost Accounting (FCA)
Financial Mathematics and Statistics	1902 Business Mathematics and Statistics (BMS)
Business Law	2803 Business Law (BLA)
Business Environment and Economics	1603 Economics (ECN) 1604 Business Environment (BEN) 2804 Business Management (BMA)
Subject passed at CA Sri Lanka - Business Level	Subjects exempted under AAT Sri Lanka Examinations
Business Level - II
Audit Business Proccesses & Digitalization	3803 Risk Controls and Audit (RCA)
Management Accounting	3802 Management Accounting and Finance (MAF)
Digital Business Strategy	2802 Digital Transformation & Information Systems (DTI)
Business Communication I	305 Business Communication (BC)

(B) Students who have completed entire Business level I (2020-2025) with Skill Pillar need to complete the following subjects in order to become a Passed Finalist of AAT Sri Lanka

2802 Digital Transformation & Information systems (DTI)
3801 Financial Reporting (FAR)
3802 Management Accounting and Finance (MAF)
3803 Risk Controls and Audit (RCA)
3804 Corporate & Personal Taxation (CPT)

(C) Students who have completed entire business level I&II with Skill Pillar should complete the following subjects in order to become a Passed Finalist of AAT Sri Lanka

3801 Financial Reporting (FAR)
3804 Corporate & Personal Taxation (CPT)

(D) Students who have passed individual subjects of Executive Level I & II examination (2015-2020) (Knowledge Pillar) are eligible for following subject exemptions

Subject passed at CA Sri Lanka - Executive Level	Subjects exempted under AAT Sri Lanka Examinations
KE1 Financial Accounting & Reporting Fundamentals	1901 Financial Accounting (FAC) 2801 Financial & Cost Accounting (FCA)
KE 2 Management Accounting Information	1902 Business Mathematics and Statistics (BMS) 3802 Management Accounting and Finance (MAF)
KE 3 Fundamentals of Law	2803 Business Law (BLA)
KE 4 Processes, Assurance & Ethics	3803 Risk Controls and Audit (RCA)
KE 5 Commercial Insight for Management	1603 Economics (ECN) 1604 Business Environment (BEN) 2804 Business Management (BMA)

(E) Students who have completed entire Knowledge pillar of Executive level I & II examinations of CA Sri Lanka (2015-2020) should complete the following subjects in order to become a Passed Finalist of AAT Sri Lanka

2802 Digital Transformation & Information Systems (DTI)
3801 Financial Reporting (FAR)
3804 Corporate & Personal Taxation (CPT)
305 Business Communication (BC)

(F) Students who have completed entire Knowledge pillar and Skills pillar of Executive level I & II examinations of CA Sri Lanka (2015 - 2020) should complete the following two (2) subjects in order to become a Passed Finalist of AAT Sri Lanka

301 Financial Reporting (FAR)
304 Corporate & Personal Taxation (CPT)

Complete Exemption from Level I

Advance Diploma in Business Management (ADBM) offered by National Institute of Business Management (NIBM)

Complete Exemption from Level I and Business Management (BMA) & Business Law (BLA)

Higher National Diploma in Business Management (HNDBM) offered by National Institute of Business Management (NIBM)

Note - 1

Any other qualifications acceptable to the Governing Council of AAT Sri Lanka will be decided case by case.

Note - 2

If previous entitlement criteria for granting of exemptions have not been revised under the current syllabus, exemptions for such cases would be granted appropriately under the criteria that prevailed at that time.

Student Exemptions