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- Written by Vijayanga
- Category: CPFA
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CPFA candidates who have successfully completed the CPFA Professional Accountancy Qualification including their practical experience requirements are eligible to apply for CIPFA(UK) Membership. Once membership is approved members can use the designatory letters ‘CPFA’ (Chartered Public Finance Accountant) for as long as they continue membership.
APFASL members (APFA/FPFA) having five years of public sector experience are invited to apply for CIPFA(UK) Affiliate membership and they are allowed to use designatory letters 'CIPFA(UK) Affiliate' for as long as they continue membership.
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- Written by Randula
- Category: CPFA
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Practical Training or the Personal pillar is at the core of the curriculum 2015 and this coupled with unique competencies developed via the Knowledge and Skills pillars, offer students the required valued experience to excel in the workplace.
Practical Training scheme was revamped along with the curriculum and the new training requirements have been developed in line with the Sri Lanka Public Sector Accounting Standards for developing professional competence for aspiring professional accountants and based on the stakeholder expectation from a professional Chartered Public Finance Accountant.
The new curriculum encourages practical training in the form of on-the-job training along with studies in a bid to empower students with relevant professional skills, knowledge, attitudes and behavior required of a qualified accountant.
Total period and levels of Personal Pillar
Chartered Public Finance Accounting students who are undergoing training are known as Trainees, are required to complete the total training period of three years with a minimum of 220 working days per year under following three levels ;
- Executive Level (PE1)
- Business Level (PB1)
- Corporate Level (PC1)
Chartered Public Finance Accounting students training is full time course where the students have to joint with an approved training Supervisor & be supervised under a Senior officer of Public Sector. Also the training period should be registered in the Institute under a Training Agreement in order to recognize it as valid practical training.
Trainees are allowed to complete the training period by signing two separate training agreements under any of the following options.
| 1st Agreement | 2nd Agreement | ||||||
|---|---|---|---|---|---|---|---|
| Option 1 | PE1 | 1 year | PB1+ PC1 | 2 years | |||
| Option 2 | PE1 + PB1 | 2 years | PC1 | 1 year | |||
| Option 3 | PE1 + PB1+PC1 | 3 years | |||||
However, all the 3 levels levels may be covered under one agreement, if required.
Approved Training Organizations
All the public Sector organizations are eligible to register as a training organization; such as Departments, Ministries Universities, Authorities, corporations, Institutions and Local authorities.
Practical training & Development is an essential part of the curriculum 2015 of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to become a Chartered Public Financial Accountants (CPFA).
Therefore, students are required to complete specified training requirements together with the relevant examinations to be eligible for the Certificates awarded by the Institute.
Hence, registered students of the Institute are encouraged to gain their practical knowledge simultaneously with the studies so that they can apply the professional skills developed through practical training to their studies & vice versa.
Students can start their practical training immediately upon registration. They are encouraged to commence practical training at early stages of examinations
PB1+ PC1 (2 years)
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- Written by Randula
- Category: CPFA
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Practical training & Development is a compulsory requirement of the curriculum 2015 of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to become a Chartered Public Financial Accountant (CPFA). Therefore, students are required to complete specified training requirements together with the relevant examinations to be eligible for the certificates awarded by the Institute.
Registered students of the Institute are encouraged to gain their practical knowledge simultaneously with the studies so that they can apply the professional skills developed through practical training to their studies & vice versa. Students can start their practical training immediately upon registration. They are encouraged to commence practical training at early stages of examinations.
Chartered Public Finance Accounting students who are undergoing training are known as Trainees, are required to complete the total training period of three years with a minimum of 220 working days per year.
- Details
- Written by Randula
- Category: CPFA
- Hits: 1296
Our qualifications have gained recognition within the public sector institutions in Sri Lanka. The Public Sector wing of the Institute of chartered Accountants of Sri Lanka also revises its syllabus every five years to meet the growing demand in the market and to ensure the qualifications are on par with local and international standards.
A path has been opened to the CPFA qualification through examination route by CA Sri Lanka. Registered students should complete business level, corporate level and strategic level examinations of CA Sri Lanka with alternative 4 subjects specified in public sector route. All APFASL members are exempted from the business level examinations.
Syllabuses, study material and study packs could be purchased from CA Sri Lanka. Application forms for registration are available at APFASL office.
