What is APFASL, the Public Sector Wing of CA Sri Lanka?
APFASL is the preferred local professional accountancy body for the public sector offering a variety of recognized qualifications to enhance public financial management in Sri Lanka
Public Financial Management Qualifications Offered by APFASL:
• Associate Public Finance Accountant (APFA)
• Fellow Public Finance Accountants (FPFA)
• Chartered Public Finance Accountants (CPFA)
The Association of Public Finance Accountants of Sri Lanka (APFASL) – the Public Sector Wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has since inception played a pioneering role by launching several initiatives to strengthen the Public Financial Management Practices in Sri Lanka.
The vision of APFASL is to lead excellence in Public Financial Management, and its members are public servants serving in Government Ministries, Departments, Provincial Councils, Local Authorities and Statutory Bodies.
The key objective of APFASL is to build capacity among the public sector financial management professionals by launching professional qualifications and improving public sector financial reporting by rolling out Sri Lanka Public Sector Accounting Standards, conducting seminars and workshops on public financial management.
APFASL’s strength lies in providing a premium qualification for accountants in public service. In an era of intense digitalization and evolution across the business landscape, APFA, FPFA and CPFA qualified public sector accountants are fully prepared to meet the needs of the business and public service to add value to the sectors they operate in and contribute effectively towards the overall economy of Sri Lanka.
Why Become an APFA, FPFA or CPFA?
Having understood the important scope played by the public sector in the country, APFASL launched several qualifications exclusively for professionals in the public sector, to help raise the bar of the professionals from the public sector, while also enhancing their standing in the professional world.
The qualifications have been customized for the public sector requirements and provide a basis of public financial management that outlines the measures and controls to manage public expenditure, control wastage and corruption whilst contributing towards sustainable economic growth in the country.
With effective public financial management and good governance possessing the capacity to transform the lives of people and communities, APFASL has taken the lead in setting public financial reporting standards and facilitating policy, apart from offering contemporary qualifications which will give public sector accountants the necessary skills and knowledge to make a difference in the public sector in Sri Lanka.
What are the Benefits of Choosing a Professional Qualification Offered by APFASL ?
• Less expensive – CPFA is equivalent to the CIPFA London programme but is more affordable but enjoys the same international recognition.
• Get an international qualification – CPFA allows you to obtain the CIPFA London qualification via CA Sri Lanka’s affiliation with CIPFA London
• High recognition – APFA, FPFA and CPFA are highly recognized in the public sector thereby helping you to stand out throughout your career in Sri Lanka and overseas
• Be qualified in a growing market – The demand for public sector finance professionals is growing, therefore the qualification will help you to secure a valuable opportunity to serve the country’s public service
• Be specialist in public financial management – The APFASL qualification gives you the opportunity to get involved in a range of programs/projects in the public service enabling you to develop specialized skills in public finance management.
How to Obtain a Dual Qualification?
As per the agreement with CIPFA London, APFASL members are eligible to obtain membership from CIPFA London which is a UK-based international accountancy membership body.
Who Can Apply for CPFA Qualification thorough Examinations?
