Recognizing the necessity of establishing a leading professional body for Public Sector, CA Sri Lanka has signed MOU with the Chartered Institute of Public Finance & Accountancy (CIPFA) London to offer a joint qualification “Chartered Public Finance Accountant” (CPFA) to raise the professional status of the Public Financial Management personnel.
APFASL has established as a Public Sector wing of CA Sri Lanka, in terms of the Article of the Constitution approved by the council to cater the needs of public sector professionals to improve their professional skills and expertise to enhance Public Financial Management Practices in Sri Lanka.
All Associate and Fellow members of the APFASL are eligible for applying for CPFA qualification program. All Associate and Fellow members are exempted from the Executive Level. Exemptions from subjects covered in the CPFA program are available on a case-by-case basis.
The course structure of the Institute consists of the following three levels:
- Business Level 1 & 2
- Corporate Level
- Strategic Level
All students are required to complete the Business Communication I and II (CS 2) to sit for the “Corporate” level examinations if they are not eligible for exemptions.
CLP 1 – Audit and Assurance, CLP 4 – Governance Public Policy & Ethics, SLP 1 – Public Sector Financial Reporting and SLP 3 – Public Finance are specialized subjects applicable to the public sector students. Other subjects are common to both public sector and private sector students.
The syllabus, study material and study packs for the specialized subjects are available at APFASL while the other material can be purchased from CA Sri Lanka.
Examination Procedures and the calendar of CA Sri Lanka are common for this examination and skills in communication, information technology and monitored training at members’ workplaces should be completed before obtaining full membership.
What are the Study Options Available to Students?
We are aware of your busy schedules, and the difficulties in managing your time, as such APFASL understands the need to provide flexibility, and has designed the courses so that you can complete them using the method that best suits you. You can choose from:
· Self-study using comprehensive course and revision material
· Online learning and following “webinars” uploaded in our LMS on a variety of subjects/relevant topics
APFASL’s expert tutors conduct theory and revision courses, provide learning materials for all CPFA students and a range of support for distance learners. All learning materials are included in the course costs. We provide a range of study materials for our self-study students, including:
· Study packs
· Revision material
APFASL also provides a range of other study support options for self-study learners.
Syllabus, Study material and Study Packs could be purchased from CA Sri Lanka. Application form of Registration available in CA Sri Lanka web site and you can download these forms using following link;
CIPFA (UK) Affiliate Membership
The new MOU between CIPFA (UK) and CA Sri Lanka allows APFASL members with 5 years or more experience in the public sector to obtain CIPFA Affiliate membership.
This is an opportunity for our members to have the prestigious qualification from the UK institute pending full membership after completing the examinations.
CIPFA (UK) has determined the annual membership fees to be Rs 10,000/-
The successful applications once cleared by the board will be forwarded to CIPFA (UK) which will issue the membership certificates.
The applications are now open, and we invite members to complete the attached document and send it along with the membership fees for the year 2023. The membership fees can be paid by cheque (Bank A/C No 72937259) or payment in cash at the institute during working hours.
