Page 58 - CA Sri Lanka Integrated Annual Report 2023

VALUE CREATION REPORT

CBA & CCA FACULTY

The CBA & CCA Faculty of CA Sri Lanka plays a key role in the accounting profession, Additionally, in 2023, the faculty organized
offering mid-level qualifications aligned with global standards. These credentials provide the Annual Convocation Ceremony,
a comprehensive pathway for aspiring finance professionals, equipping them with the a flagship event that celebrated the
necessary skills for career advancement. By emphasizing robust accounting knowledge achievements of CBA and CCA members.
and diverse skill sets, the Faculty ensures the members are well-prepared for roles This ceremony served as a platform to
in different industries. As a result, the Certified Business Accountants (CBA) and the recognize the dedication and professional
Certified Corporate Accountants (CCA) are well-positioned for success in both local and accomplishments of individuals who
international employment opportunities, fostering prosperous careers in finance. had successfully completed their
qualifications. Through such events, the
faculty not only honoured the hard work
of its members but also reinforced the
Certified Business Accountant (CBA) Strategic Initiatives prestige and recognition associated with
The CBA qualification is extended to In 2023, the CBA & CCA Faculty of CA the CBA and CCA credentials.
CA Sri Lanka active students who have Sri Lanka embarked on several strategic
fulfilled the requirements of professional initiatives aimed at further enhancing the Furthermore, the faculty actively engaged
knowledge, experience and skills at the professional development and recognition in membership support and development
Business Level. of its members. These actions were initiatives. With a membership base
designed to strengthen the already exceeding 6,270 CBAs and CCAs, the
The National Recognition Information esteemed reputation of the CBA and faculty focused on providing ongoing
Centre for the United Kingdom (ENIC) CCA qualifications, both locally and support and resources to its members.
report confirms that the CBA qualification internationally. This included facilitating networking
is comparable to RQF Level 4, equivalent opportunities, offering career guidance
to a Certificate of Higher Education One significant initiative undertaken and providing access to continuous
Standard. by the Faculty was the hosting of professional development opportunities.
monthly workshops led by esteemed By nurturing a vibrant and supportive
Certified Corporate Accountant (CCA) professionals. These workshops covered community of finance professionals, the
The CCA qualification is extended to a diverse range of topics including faculty aimed to foster long-term success
CA Sri Lanka active students who have financial reporting, business etiquette, and growth for its members.
fulfilled the requirements of professional auditing and accounting standards. By
knowledge, experience and skills up to the providing members with access to expert- A separate Code of Conduct was launched
Corporate Level. led workshops, the faculty aimed to for the CBA and CCA members to ensure
continuously refine and augment the skill professional behavior according to the set
The ENIC report confirms that the CCA sets of stakeholders, ensuring they remain guidelines.
qualification is comparable to RQF level 6, abreast of the latest industry trends and
which is equivalent to a Bachelor’s degree best practices.
standard.

Performance Highlights
82
CBA Certificate Future Outlook
Holders In the future, the CBA & CCA Faculty of CA Sri Lanka plans to expand competency
Development Activities, introducing more specialized workshops. They aim to
15
CCA Certificate strengthen industry engagement through collaborations, providing networking
Holders opportunities. Continuous improvement of the curriculum remains a priority to ensure
alignment with global standards and market demands.
No. of Certificate issued in 2023

56 CA Sri Lanka Integrated Annual Report 2023