A CBA recipient receiving the certificate from Chief Guest, Prof. Ren Yi, Pro Vice-Chancellor (International) of the University of Southern Queensland, Australia in the presence of Sanjaya Bandara, President of CA Sri Lanka, Heshana Kuruppu, Vice President of CA Sri Lanka, and Dulani Fernando, Chief Executive Officer of CA Sri Lanka.
The Certified Corporate Accountant (CCA) and Certified Business Accountant (CBA) Faculty of The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently organised convocation where 66 new Certified Business Accountants were conferred with their new qualification at the BMICH.
The Certified Business Accountant is a mid-level qualification and an early exit route of the globally recognised Chartered Accounting qualification offered by CA Sri Lanka.
The three qualifications offered through the CA Sri Lanka programme are ACA (Associate Chartered Accountant), CCA (Certified Corporate Accountant) and CBA (Certified Business Accountant). While ACA is the benchmark qualification, CCA and CBA qualifications are offered for students who choose to exit early from the programme to pursue a successful mid-career in accounting and finance.
A qualified CBA is equipped with versatile skills to serve in the SME sector (companies with a turnover of less than LKR 500 million) and possesses the necessary acumen to take on the responsibility for the finance function of such organisations and fill mid-level positions in larger organisations and listed companies. A CCA has the skills to serve as an accountant in a mid-to-large organisation with a turnover of more than LKR 500 million.
To become a CBA, a student must pass all Business Level I and II exams, as well as complete one year of training along with the English and IT modules, while to become a CCA, a student must pass all Business Level and Corporate Level exams, and complete two years of training and the English and IT modules under the Corporate Level.
Students who wish to obtain the benchmark ACA qualification offered by CA Sri Lanka must complete the exams under the Business, Corporate, and Strategic Levels plus three years of training as well as the English and IT modules.
Further, due to the recognition CA Sri Lanka qualifications command across the globe, students who obtain the CBA, CCA and Chartered Accounting qualifications can enjoy enhanced global mobility, thereby successfully seeking employment in any part of the world. Currently, over 30% of CA Sri Lanka members alone serve overseas across all continents, spanning the US, Europe, UK, Middle East, Australia, South East Asia, South Asia and Africa.