“WHICH ACCOUNTING QUALIFICATION WILL GIVE YOU THE EDGE AFTER A-LEVELS IN SRI LANKA?”
In recent years, it has been observed that many students are aspiring to create a successful career in accounting and finance in Sri Lanka. As in the modern financial world, finance and accounting roles are beyond just numbers; rather, they also allow professionals to deal with decision-making as well as offer a progressive career path. Other than that, another factor that has influenced aspirants to choose this career path is the increased options of advanced accounting professional qualifications in Sri Lanka. Earlier, students had limited knowledge about accounting qualifications; therefore, they often overlooked it as a profession. But now, with so many advanced qualifications to explore, they get educated about the expected career prospects, which leads them to study their academic journey.
One of the popular credentials amongst accounting aspirants in Sri Lanka is ACCA; students look forward to enrolling in the ACCA course after completing their A-levels. However, exploring your options is always the best; therefore, we brought forward this guidebook that will help accounting aspirants explore what to study after A-levels in Sri Lanka.
TOP ACCOUNTING QUALIFICATIONS ONE CAN OPT FOR AFTER DOING A-LEVELS:
Below are the most advanced accounting professional qualifications in Sri Lanka that students can opt for after completing A-levels; each one of the listed qualifications offers a success-driven career in the financial world.
1. ACCA (ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS)
ACCA is a globally recognized qualification; well-acknowledged and accepted in more than 180 countries around the world, consisting of a huge student and member community. This qualification offers a very promising career in the financial world locally as well as globally; by doing the ACCA course in Sri Lanka, aspirants can expand their career internationally in diverse sectors such as taxation, auditing, financial reporting, accountancy, and much more. This diversity is offered because of the unique ACCA qualification structure that covers all the accounting and finance areas, ensuring aspirants are well-equipped with enough skills and knowledge to have plenty of options.
The ACCA course in Sri Lanka not only focuses on theoretical knowledge and academic competencies but also lays pressure on developing skills (analytical, ethical, theoretical, and practical). These skills ensure that whatever students learn through theoretical concepts in the ACCA course, they are also able to incorporate them in real-world situations to generate desired outcomes. The skills and expertise students are taught throughout this ACCA course allow the fully-qualified ACCA professionals to have a success-driven, progressive career. The best thing about this prestigious accounting credential is that it welcomes students to begin their ACCA journey once they have completed their A-levels.
2. CMA
CMA is offered by the Institute of Certified Management Accountants; students can opt for this accounting credential after completing their A-levels in Sri Lanka. The main focus of the qualification is on management accounting, business management, and strategic business accounting. An ideal qualification for those who want to have a career in financial management or management accounting. To complete the CMA qualifications, students need to crack the exams and complete the required work experience; if you want to have a career in management accounting in Sri Lanka, CMA is the right academic path for you.
3. CA SRI LANKA
It is a traditional route taken to become a Chartered Accountant in Sri Lanka; students are eligible to get themselves enrolled as a CA after completing their A-Levels. CA is well-acknowledged in Sri Lanka and is amongst the best options if you want to have a strong accounting career locally. To complete this qualification, students need to pass the theoretical exams and complete the mandatory practical training; students most commonly complete their CA in around three years.
CONCLUSION
ACCA course, CA, or CMA, all of them welcome Sri Lankan students who have completed A-levels; however, students can choose the qualification that aligns with their career goals and objectives. The ACCA course is, however, the top choice as it offers a global career in diverse accounting and finance areas; this leads to enhanced career opportunities or job options, which gives professionals a sense of security.
FREQUENTLY ASKED QUESTIONS
Q1: What are the ACCA qualification levels? Elaborate?
Answer: The ACCA qualification is divided into three levels (Applied Knowledge, Applied Skills, and the Strategic Professional); each level consists of a different number of modules focusing on a wide range of finance and accounting concepts.
Q2: What is the ACCA qualification and where can I study for it?
Answer: ACCA is an accounting credential recognized globally; it offers multiple study paths, including self-study, online learning, and traditional classrooms. Several ACCA-approved learning providers are offering academic guidance and support for the ACCA course online as well as onsite.
Q3: Can I study ACCA part-time with an online study route?
Answer: Yes, in fact, the online study route is the best if you want to become a part-time ACCA student; students can create a personalized study plan and take advantage of this flexible learning route.
