Life After AAT

Passed Finalist (PF)
AAT Sri Lanka Achievers' Network
Training
Professional Bodies
Universities
AAT Membership
Special Offers

With a view to continuing the relationship of AAT Sri Lanka Passed Finalists with the Association until they eventually obtain professional membership (MAAT) on completion of Practical Training etc., the Governing Council of AAT Sri Lanka has established "AAT Sri Lanka Achievers' Network" - the network of Passed Finalists.

There is a gap at present from the time a Student passes the Final Examination and obtains professional membership. Neither the student nor the Institute benefits much by the Students' "achievement". AAT Sri Lanka therefore wishes to recognize the "Achiever' and opens up avenues for his career development.

This is to inform you of this 'Network' and to invite you to the AAT Sri Lanka family fold so that we grow together to great heights.

Some of the benefits to members of the Achievers' Network;

Becoming part and parcel of the AAT Sri Lanka family.
Information update (SMS, Email, letters).
Receiving Students Newsletter and Members' Journal free of charge.
Opportunities for attending Seminars & Workshops organized for the Achievers' Network.
Discounts on AAT Sri Lanka Seminars / Conference for which charges are levied.
Leadership development opportunities (such as Toastmasters).
Welfare and Networking benefits.
Directions for Educational Support and Career Guidance.
Training opportunities through AAT Job Bank.
Concessions for courses conducted by AAT Business School.

Training Requirements:

Upon the completion of one year’s practical training, together with the People and Leadership Skills Work Shop (with effect from July 2015), a Passed Finalist can apply for membership of AAT Sri Lanka.

In order to complete the prescribed 01 year of practical training, you may select either of the following schemes of training;

Non-monitored Training (Experience Record Sheet Method)
Monitored Training (Agreement Method)

If you need further clarification, instruction or guidance regarding practical training, please contact the Education and Training Division of AAT on 011-2559669 or email training@aatsl.lk.

Guideline for Practical Training

The Institute of Chartered Accountants of Sri Lanka..

Passed Finalists of AAT Sri Lanka are entitled for complete exemption at Business Level I and two subjects exemptions at Business Level II of the CA Sri Lanka Curriculum effective from March 2020.

The exemptions are as follows:

Business Level I - Complete Level Exemption

BL 1 - Financial Accounting
BL 2 - Business Mathematics & Statistics
BL 3 - Business Law
BL 4 - Business Environment & Economics
CS 1 - Business Communication I

Business Level II - Exemptions of 2 Subjects

BL 5 - Audit , Business Processes and Digitalisation
BL 7 - Business Taxation

B.Sc. Applied Accounting (General Degree)

Passed Finalists are exempted from 10 courses out of 34 courses.

Chartered Institute of Management Accountants (CIMA-UK)

Passed Finalists and Members of AAT Sri Lanka are entitled for complete exemption at Certificate Level and one subject exemption at Operational Level as listed below.

Certificate Level - Complete Level Exemption

BA 1 - Fundamentals of Business Economics
BA 2 - Fundamentals of Management Accounting
BA 3 - Fundamentals of Financial Accounting
BA 4 – Fundamentals of Ethics , Corporate Governance and Business Law

Operational Level

F1 - Financial Reporting

Association of Chartered Certified Accountants (ACCA-UK)

Passed Finalists are eligible for exemptions from the following 03 subjects of the ACCA Knowledge Module and one subject of the skill module.

F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting and,
F7 Financial reporting subject at skill module will be exempted for the students who will become passed finalists from January 2018 examination

Institute of Public Accountants (IPA) of Australia and Institute of Financial Accountants of United Kingdom

The members of AAT Sri Lanka are eligible to obtain the membership of Institute of Public Accounts (IPA) of Australia and Institute of Financial Accountants in the United Kingdom.

AAT Business School

The Passed FInalists of AAT Sri Lanka are eligible to obtain complete exemption from the 1st year of Higher Diploma in Accounting an Finance (HDAF) Program out of two years.

The Institute of Certified Management Accountants of Sri Lanka (CMASL)

Passed Finalists of AAT Sri Lanka are eligible for exemption from all the subjects at Foundation Level and three subjects at Operational Level.

Foundation Level

FL 1 - Management Accounting Fundamentals
FL 2 - Financial Accounting & Finance Fundam
FL 3 - Fundamentals of Management & Economics
FL 4 - Quantitative Methods for Business
FL 5 - Business English I

Operational Level

OL 2 - Advanced Financial Accounting & Finance
OL 4 - Commercial Law and Taxation
OL 5 - Business English II

Institute of Supply & Materials Management (ISMM-SL)

Passed Finalists can receive their Diploma in Purchasing & Materials Management Enrolment with an exemption from the Certiﬁcate in Purchasing & Materials Management.

Charted Institute of Personnel Management (CIPM)

Passed Finalists can register for the Professional Qualification in HRM with exemption from CCHRM.

Association of Business Executives (ABE-UK)

Diploma Level - I Exemption from the “Accounting” subject.

Sri Lanka Institute of Advanced Technological Education

Education (SLIATE) / Technical Colleges in Sri Lanka - All Passed Finalists are eligible to register for the HNDA Course with 1st year exemption.

Institute of Chartered Corporate Secretaries of Sri Lanka (ICCS)

The Passed Finalists of AAT Sri Lanka are eligible to obtain the following subject exemptions.

Foundation Stage A

Business Environment
Economics
Business Management

Foundation Stage B

Financial Accounting
Business Statistics
Human Resource Management
Corporate Administration

Professional Part II

Taxation

Universities - Sri Lanka

University of Sri Jayewardenepura

As an AAT Passed Finalist, you are eligible to apply for the registration of following External Degrees:

B. Com.
B. Sc. - Business Administration
B. Sc. - Public Administration

University of Colombo - Faculty of Graduate Studies

Passed Finalists are eligible for registration for the Executive Diploma in Business Administration.

University of Kelaniya

Passed Finalists are eligible to register for the BA (General / Special) external degree.

The Open University of Sri Lanka

Passed Finalists are eligible to apply for the selection examination of:

Diploma in Management

Universities - Foreign

National Institute of Business Management (NIBM) in collaboration with Coventry University UK.

Once upon successfully completion of the evaluation made on the interview and obtaining successful grade in the English Test, Passed Finalist of AAT Sri Lanka who are having industry experience of minimum 3 months are eligible for first year exemption from BA [Hons] Degree in Professional Accounting out of three years.

Northumbria University - UK

As a Passed ﬁnalist of AAT Sri Lanka, you are eligible to enter Level Four (second year) of BA (Hons) Accounting & Finance Programme, subject to:

Completing the entire AAT Programme in English

Satisfying the English Language requirements of Northumbria University.
Payment of the appropriate fee.
Students who have registered and successfully completed the above programme will be awarded the degree of BA (Hons) Accounting & Finance.

Wollongong University - Australia

AA2 level Intermediate / Stage II Passed Students - Registration for the Bachelor of Commerce (B. Com.) Degree (internal) at the University of Wollongong.

Upon becoming a Passed Finalist, having completed one year’s practical training and the 2-day People and Leadership Skills (PLS) Workshop, you will be eligible to apply for the prestigious membership of AAT Sri Lanka. This enables you to use the MAAT credentials after your name. The journey of an AAT student does not end upon completing examinations and becoming a Passed Finalist. Instead, AAT offers you a lifelong relationship as a recognized professional, which will also enable you to receive many varied benefits in the future.

If you are a AAT Passed Finalist with 04 years working experience in Accounting / Auditing / Banking / Taxation OR with University lecturing experience (Accounting / Finance / Auditing / Taxation), you may apply for MAAT Membership by producing comprehensive service letter/s verifying more than 04 years’ experience (after AAT registration) in lieu of training records.

Passed Finalists who hold Senior positions of Government or recognized Private sector organizations and have more than 04 years working experience (after AAT registration) in Marketing / HR are also entitled to this concession.

Students who were registered under the Previous Curriculum (Before 2015) but completed the exams under the new syllabus (i.e. 2015 July onwards) can also apply for membership upon completion of the 4 years of working experience scheme, along with the completion of 2-day People and Leadership skills workshop (PLS) conducted by Business School of AAT Sri Lanka.

Passed Finalist (PF)

AAT Sri Lanka Achievers' Network

Training

Exemptions for Passed Finalists

Professional Bodies

Universities

AAT Membership

Special Offers