The Department of Accounting is one of the largest and popular departments in the faculty in terms of undergraduate student numbers. Historical development of the department dates back to 2007 which has primarily focused to produce accounting literate high quality graduates who are academically and professionally fluent in overall accounting activities in corporate environment. Furthermore, the department has planned numerous activities to enhance soft skills, IT related skills and corporate experience to prepare students with latest developments in Accounting to make an employable graduates, both locally and globally.
Message from the Head of the Department
Professor. K. G. Sampath Kehelwalatenna
On behalf of the Department of Accounting, I am pleased to welcome you to the official website of the Department of Accounting of the Faculty of Management and Finance of the University of Colombo.
The Department of Accounting conducts the BBA in Accounting Degree, which is one of the most popular degree programmes in the Faculty. The department while being focused on ensuring academic excellence strives to develop soft skills of undergraduates by creating and disseminating knowledge through teaching, research and various collaborations with the industry and professional accounting bodies. Students specializing in the accounting area are offered a good blend of courses in the mainstream areas of accounting, as well as faculty wide core courses in business and management. We aim to provide our students with a wide exposure to the global business environment and help them to adapt to rapidly changing industry demands such as automation of accounting functions through various courses and with the internship programme.
The department facilitates students in numerous ways to nurture and enhance their research skills too. Graduates of our degree programme have excellent employee opportunities, and over the years, they have secured important positions in the accounting profession locally and internationally, as well as in other business sectors, including the private sector, nonprofit and public sector organizations.
I warmly welcome you to join with us to advance the holistic accounting education.
Former Heads of the Department
Professor Tharusha N. Gooneratne (2017 – 2020)
Dr. A.A.C. Abeysinghe (2012 – 2017)
Mr. G. Ranaweerage (2007-2012)
Ms. Isuri U. Malawara Arachchi
MBA (Col), BBA (Col), PGCERT Higher Education (UOG, UK), CTHE (Col), SEEDA (UK), Passed Finalist CIMA (UK), Reading for PhD (QUT, Australia)
Ms. W.M.A.P Wanninayake
[BBA (Col),CIMA (Strategic Professional – in reading),ICASL (in reading), AAT ]
Ms. C.H. Patrick
[BBA (Col),ICASL – Strategic Level (Following)]
Ms. Thisali Liyanage
[Reading for MBA (Col), BBA (Col),CIMA (passed finalist), ICASL (Corporate Level) ]
Non Academic Staff
Ms. R. M. T. Lasanthi
Mr. G.A.S.P. Gurusinghe
Bachelors of Business Administration (Honours) Degree in Accounting
The BBA Accounting (Special) Degree Program has been specially designed to develop academic and professional competencies in overall accounting activities in corporate and to engage in research-based studies. Students specializing in the accounting area are offered a good blend of courses in the mainstream areas of accounting, as well as faculty-wide core courses in business and management. This programme will enhance soft skills, IT related skills and corporate experience to prepare students with latest developments in Accounting to make an employable graduates, both locally and globally.
|Code||Course Title||Credits||Course Status||Semester Offered|
|ACT – 3312||Research Methods||3||Core||V|
|ACT – 3202||Management Information Systems||2||Core||V|
|ACT – 3313||Taxation||3||Specialisation core||V|
|ACT – 3203||Advanced Management Accounting||2||Specialisation core||V|
|ACT – 3204||Auditing||2||Specialisation core||V|
|ACT – 3205||Project Management||2||Specialisation core||V|
|ACT – 3206||Business Process Reengineering||2||Specialisation optional||V|
|ACT – 3210||Working Capital Management||2||Specialisation optional||V|
|ACT – 3211||Organisational Control Systems||2||Specialisation optional||V|
|ACT – 3314||Strategic Management||3||Core||VI|
|ACT – 3207||Enterprise Based Project||2||Core||VI|
|ACT – 3305||Computer Based Accounting||3||Specialisation core||VI|
|ACT – 3208||Seminar on Applied Research||2||Specialisation core*||VI|
|ACT – 3209||Seminar on Research||2||Specialisation core*||VI|
|ACT – 3212||Financial Reporting and Regulations||2||Specialisation core||VI|
|ACT – 3213||Advanced Auditing||2||Specialisation optional||VI|
|ACT – 3214||Forensic Accounting||2||Specialisation optional||VI|
|ACT – 3215||Public Sector Accounting||2||Specialisation optional||VI|
|ACT – 3216||Change Management||2||Specialisation optional||VI|
|ACT – 3217||Total Quality Management||2||Specialisation optional||VI|
|ACT – 4218||Contemporary Issues in Accounting||2||Specialisation core||VII|
|ACT – 4219||Strategic Management Accounting||2||Specialisation core||VII|
|ACT – 4800||Dissertation||8||Specialisation core||VII|
|ACT – 4600||Applied Research Project||6||Specialisation core||VII|
|ACT – 4220||Corporate Governance||2||Specialisation optional||VII|
|ACT – 4221||Corporate Social Reporting||2||Specialisation optional||VII|
|ACT – 4222||Internal Control and Risk Management||2||Specialisation optional||VII|
|ACT – 4223||Tax Planning and Management||2||Specialisation optional||VII|
|ACT – 4224||Value Stream Mapping||2||Specialisation optional||VII|
|ACT – 4225||Business Ethics||2||Specialisation optional||VII|
|ACT – 4801||Industrial Training||8||Specialisation core||VIII|
Master of Business Administration in Accounting and Information Management
MBA AIM degree is mainly intended for managers who need to acquire multi-disciplinary skills and for those who are aspiring to be general managers or members of the corporate management team. Students reading for the MBA should earn thirty-three (33) credits from compulsory courses offered in Trimester 1, 2, and 3 of the first year with another twenty-eight (28) credits offered in Trimester 4, 5, and 6.</
Please see below link
Diploma in Computer Based Accounting and Information Systems (DCAIS)
The Diploma in Computer-based Accounting and Information Systems (DCAIS) offered by the Department of Accounting, Faculty of Management and Finance, University of Colombo is a University Grants Commission (UGC) approved, Sri Lanka Qualifications Framework (SLQF) Level 03 qualification. This program was specifically designed in order to cater to the essential professional requirements in the contemporary Business and Accounting field. This is a one year Diploma programme which consists of ten courses over two semester encompassing eight courses of study (course units) and an individual project. The aim is to provide a comprehensive knowledge on both theoretical and practical aspects of computer-based accounting applications and managing information. A candidate who successfully completes this Diploma will be proficient in developing and managing computerized accounting and information systems in an efficient manner.
Ms. K.J.D. Samanthi
Department of Accounting
The Department of Accounting organized a Research Workshop on 03rd March 2020 at the Prof. Jayarathne auditorium. The aim of this workshop was to enhance undergraduate students’ knowledge of qualitative data analysis. The guest speaker for the workshop was Dr. Amila Munasinghe. Furthermore, an experience sharing session was conducted by students of the Department who recently completed their undergraduate dissertations.
1st Annual Accounting Undergraduate Research Symposium 2021
The Undergraduate Research Symposium of the Department of Accounting held on 15th January 2021 was a great landmark in strengthening the existing research culture of the department. Revised by-laws and the curriculum of the faculty comprehends a compulsory research element from 2017. Accordingly, very first batch of students who enrolled under the revised by-laws and curriculum have produced 78 dissertations and 04 applied research projects. Hence, this symposium assisted these undergraduates in nurturing and enhancing their research skills and brighten their path to a challenging future. Out of the 82 research projects, 22 research works have been selected to be presented at this year’s symposium. Extended abstracts developed by the undergraduates were reviewed by an experienced panel of academics in the Department of Accounting before selecting 22 extended abstracts to be included in symposium proceedings.
Sage Business Cloud – Training Programme
This training program which was conducted during the months of October and November 2020 was specifically designed for final year undergraduate students who are willing to learn Sage Business Cloud which is online accounting software. The duration of the training was 30 hours which covers 10 sessions with an assessment at the end of the training. The students who have successfully completed the training were awarded a certificate at the end of the training program.
Professional Etiquette Development Session
The Department of Accounting has organized a Professional Etiquette Development Session in February 2020 for third-year undergraduates. Mr. Athula Kithsiri who is the Chief Marketing Officer and a Softskills trainer especially in “greatTOexcellent” was the resource person for the Professional Etiquette Development Session.
Accounting Department Outing
In September 2019, academic staff and third-year students of the department collaboratively organized a day out at Laya Beach Hotel, Wadduwa. The aim of this was to enhance interactions between students and staff members and to develop teamwork and soft skills of students.
Welcome of Third Year Students 2019
The Department of Accounting officially welcomed the new third-year batch on January 2019. This occasion was graced by the current Head of the Department, Dr. Sampath Kehelwalatenna, and academic staff members of the Department. The students were given a thorough awareness of the culture, practices & opportunities available at the Department of Accounting.
ACCA FINHACK – 2020
The team Mastermind, which represented the University of Colombo has become the Champions at the ACCA Virtual Finhack 2020 ( Inter-University competition) organized by the ACCA Sri Lanka for the third consecutive year, which was held on 16 September 2020. The team Masterminds consisted of 05 champions and they successfully completed the two main stages of the competition which was basically to generate possible courses of action to solve a given business case followed by a comprehensive team presentation accompanied by a Q&A session by panelists.
Sage ERP 300 Package
ZILLIONe has partnered with Department of Accounting to provide fifty ERP 300 Evolution licenses and to facilitate ERP training for final year students and lecturers of the Department. This is a timely initiative taken by the Department to prepare its students to the global job market.
Exemption Accreditation Programme with ACCA
The department of Accounting has got an opportunity to join ACCA for an Exemption Accreditation Programme. This program will hold accreditation for a period of 5 years, for graduates from 01/01/2021 to 31/12/2025. The following subject will be exempted from this program as per the agreement.
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