Association Of Public Finance Accountants Of Sri Lanka

APFASL, together with the Technical Division of CA Sri Lanka, successfully conducted a highly informative seminar on “Electricity/Energy Sector Reforms in Sri Lanka via the CEB Restructuring Exercise,” focusing on the Electricity Act No. 36 of 2024 and the subsequent Amendment Act of 2025.

The event attracted over 250 participants, including Chartered Accountants and senior public sector finance professionals.

Delivering the introductory remarks, CA Sri Lanka President Mr. Tishan Subasinghe highlighted the important role of accounting and finance professionals in supporting national reforms through governance, accountability, financial management and strategic decision-making.

The keynote address by Prof. M. Thilakasiri provided valuable insights into the rationale, legal framework and strategic direction behind the ongoing CEB restructuring process and the broader transformation of Sri Lanka’s energy sector towards greater sustainability, transparency and financial viability.

The seminar concluded with a highly engaging Q&A session, reflecting the strong professional interest in the future of Sri Lanka’s electricity and energy sector reforms.

𝐌𝐏𝐅𝐌 𝐃𝐞𝐠𝐫𝐞𝐞 𝐏𝐫𝐨𝐠𝐫𝐚𝐦 𝟐𝟎𝟐𝟔/𝟐𝟕 - 𝐒𝐞𝐜𝐨𝐧𝐝 𝐁𝐚𝐭𝐜𝐡

Please find attached the Advertisement and Prospectus containing details of the program, including the course and module contents.

Kindly note that registrations are currently open until 31st May 2026. Public sector employees are eligible for a 40% concession on the total course fee, enabling them to follow this specialized degree program at a discounted fee of Rs. 180,000.

The 15-month program is conducted by an eminent panel of University Professors and academics representing the leading universities in the country, together with experienced Public Financial Management (PFM) practitioners attached to key State sector institutions, thereby ensuring a strong blend of academic excellence and practical exposure.

Kindly let us know if you require more information. You may also contact the current batch of 50 students who are finishing the program by end of July 26 for a reference of the program.

MPFM Prospectus 2026/27 - https://casrilanka-my.sharepoint.com/:b:/g/personal/vijayanga_kolambage_casrilanka_org/IQBk_7-VLEKITY8YCsE997uSAVW_S4cvmKUSq597fraNbMM?e=11yITU

𝐂𝐎𝐍𝐓𝐀𝐂𝐓 𝐈𝐍𝐅𝐎𝐑𝐌𝐀𝐓𝐈𝐎𝐍
Association of Public Finance Accountants of Sri Lanka Public Sector Wing of CA Sri Lanka

𝐏𝐫𝐨𝐠𝐫𝐚𝐦 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐨𝐫, 𝐏𝐨𝐬𝐭𝐠𝐫𝐚𝐝𝐮𝐚𝐭𝐞 𝐔𝐧𝐢𝐭 – 𝐀𝐏𝐅𝐀𝐒𝐋/𝐂𝐀 𝐒𝐫𝐢 𝐋𝐚𝐧𝐤𝐚
30A, Malalasekera Mawatha Colombo 7, Sri Lanka
Telephone/Fax: +94 (011) 2352000 Ext. 1121 / 0710235283 (Ms. Arminah)
Email: [email protected]
Web: www.apfasl.com

𝐒𝐭𝐮𝐝𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬
MPFM Unit: +94 (011) 2352000 Ext. 1121
General Contact: +94 (011) 2055857 / 0702778776 (Ms. Hasini)
Email: [email protected]
Web: www.apfasl.com

RISK MANAGEMENT AND PUBLIC SECTOR APPLICATIONS
Evening Awareness Session 2026

Strengthen your understanding of modern risk management practices and public sector applications through an insightful and practical awareness session conducted by experienced industry professional.

🔹 Key Subject Areas:
✔ Understanding Risk and Public Sector Risk Management
✔ Types of Risks in Public Institutions
✔ Financial Risks
✔ Operational Risks
✔ Compliance Risks
✔ Cybersecurity & Information Security Risks
✔ Sustainability & ESG Risks
✔ Risk Identification, Assessment, Response & Monitoring
✔ International Risk Management Frameworks
✔ Practical Learning Components & Case Studies

🎤 Resource Person
Mr. Dimuthu Suranjana
AGM (Audit) – National Savings Bank

📅 Date: 14th May 2026
🕔 Time: 5.00 PM – 8.00 PM
📍 Venue: CA Sri Lanka
💻 Physical / Hybrid Option Available
💰 Investment: FOC
(Including Program Materials & Refreshments)

⚠ ONLY 25 LIMITED SLOTS AVAILABLE
Registrations will be accepted on a first-come, first-served basis.

📌 Register Before: 13th May 2026

Register - https://docs.google.com/forms/d/e/1FAIpQLSfc0ZUlBctDG26xt_TJRtwQE815ikBsicsAJ-NlUG8jiaTVIA/viewform?usp=header

📞 Contact for More Information
070 277 8776 (Ms. Hasini)
011 205 5857

📧 [email protected]
📧 [email protected]

🌐 www.apfasl.com

Successful Completion of Half-Day Awareness Session
“𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐈𝐏𝐒𝐀𝐒𝐁 𝐒𝐑𝐒 𝟏, 𝐈𝐭𝐬 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐏𝐮𝐛𝐥𝐢𝐜 𝐒𝐞𝐜𝐭𝐨𝐫 𝐄𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐒𝐫𝐢 𝐋𝐚𝐧𝐤𝐚’𝐬 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐒𝐃𝐆𝐬”

We are pleased to announce the successful completion of the Half-Day Awareness Session on “Adoption of IPSASB SRS 1, Its Impact on Public Sector Entities and Sri Lanka’s Achievement of SDGs”, held on 08 May 2026 at CA Sri Lanka.

The session featured presentations by Mr. 𝑆𝑎𝑚𝑝𝑎𝑡ℎ 𝐽𝑎𝑦𝑎𝑤𝑎𝑟𝑑𝑒𝑛𝑎 Senior Director – Climate Change and Sustainability Services at Ernst and Young and by 𝑃𝑟𝑎𝑠ℎ𝑎𝑛𝑖 𝐼𝑙𝑙𝑎𝑛𝑔𝑎𝑠𝑒𝑘𝑒𝑟𝑎, General Manager – Group ESG at Hayleys PLC followed by an engaging panel discussion with the two presenters and along with Ms. K.V.C. Dilrukshi President of APFASL moderated by Ms. Saviesha Samaraweera, Manager at Deloitte Partners.

This was not a compliance-focused session — it was a strategic awareness and readiness forum aimed at enabling future public sector transformation.

The session brought together senior representatives from the public sector, including policymakers, institutional leaders, and public sector finance professionals committed to advancing sustainable governance practices in the public sector of Sri Lanka.

⚡ Reforming Sri Lanka’s Electricity Sector

Join us for an insightful session on the policy, strategy, and institutional transformation of Sri Lanka’s electricity sector under the new six-company structure.

🎓 Gain valuable insights into:
✔️ Evolution of Sri Lanka’s electricity sector reforms
✔️ Structure and roles of the six newly established electricity companies
✔️ Governance, regulatory oversight and institutional design
✔️ Financial flows, tariff structures and sustainability challenges
✔️ Risks, resistance and policy mitigation strategies
✔️ International lessons and future market transformation

👨‍🏫 Guest Speaker:
Prof. M. Thilakasiri
Senior Consultant (ADB, APO, ILO) | Former Director-General, SLIDA

📅 Date: 19 May 2026
⏰ Time: 2.00 PM – 5.00 PM
📍 Venue: CA Sri Lanka
💻 Mode: Physical (encouraged) | Hybrid available
💰 Fee: Free of charge (including materials & refreshments)

👥 Ideal for:
Chartered Accountants | Finance & Audit Professionals | Policy Makers | Energy Sector Professionals | Corporate Leaders & Analysts

📞 Register Now: 071 023 5283

Don’t miss this opportunity to understand the future of Sri Lanka’s power sector! ⚡

🎓 𝐌𝐚𝐬𝐭𝐞𝐫 𝐨𝐟 𝐏𝐮𝐛𝐥𝐢𝐜 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐌𝐏𝐅𝐌) 𝐃𝐞𝐠𝐫𝐞𝐞 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐞 𝟐𝟎𝟐𝟔–𝟐𝟎𝟐𝟕

The Association of Public Finance Accountants of Sri Lanka (APFASL), in collaboration with CA Sri Lanka, invites applications for the Master of Public Financial Management (MPFM) Degree Programme.

📅 𝐂𝐨𝐦𝐦𝐞𝐧𝐜𝐞𝐦𝐞𝐧𝐭: 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟔
⏳ 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞: 𝟑𝟏𝐬𝐭 𝐌𝐚𝐲 𝟐𝟎𝟐𝟔

𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐞
The MPFM Degree Programme is designed to enhance the professional competence of individuals engaged in public sector accounting and financial management. The programme focuses on strengthening expertise in financial reporting, accountability, transparency, and governance within the public sector.

𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐞 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞
• One-year, part-time programme conducted on weekends
• Thirteen (13) modules, including twelve core modules and one non-credit module
• Research/project component in the second semester
• Equivalent to SLQF Level 9 upon successful completion

𝐓𝐚𝐫𝐠𝐞𝐭 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬
• Public sector accountants, auditors, and finance officers
• Professionals in state corporations and statutory bodies
• Graduates and individuals with recognized professional qualifications in accounting and finance
• Individuals seeking to pursue a career in public financial management

𝐊𝐞𝐲 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬
• Delivered by experienced public sector finance professionals
• Access to modern learning facilities, research resources, and academic support
• Hybrid learning option available
• Weekend lecture schedule for working professionals

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 & 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬
• Tuition Fee: Rs. 300,000/- (payable in installments)
• Application & Registration Fee: Rs. 10,000/-
💰 𝟒𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐟𝐨𝐫 𝐀𝐏𝐅𝐀𝐒𝐋/𝐂𝐏𝐅𝐀 𝐦𝐞𝐦𝐛𝐞𝐫𝐬 𝐚𝐧𝐝 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐩𝐮𝐛𝐥𝐢𝐜 𝐬𝐞𝐜𝐭𝐨𝐫 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 𝐰𝐢𝐭𝐡 𝟓 𝐲𝐞𝐚𝐫𝐬’ 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞.

📍 Venue: CA Sri Lanka, Colombo 07
💻 𝐇𝐲𝐛𝐫𝐢𝐝 𝐨𝐩𝐭𝐢𝐨𝐧 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞

𝗙𝗼𝗿 𝗙𝘂𝗿𝘁𝗵𝗲𝗿 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻
📞 +94 (011) 2055857
📱 071 023 5283 (Ms. Arminah)
📱 070 277 8776 (Ms. Hasini)
📧 [email protected]
📧 [email protected]
🌐 www.apfasl.com

🔹 Advance your expertise in public financial management and contribute to strengthening governance and accountability in Sri Lanka.

Association Of Public Finance Accountants Of Sri Lanka Provide leadership and initiative to the members enhance their professional status and skills thereby make a greater contribution to the Economic Development of Sri Lanka.

📢 **Certificate Course on Public Sector Procurement**

The **Certificate Course on Public Sector Procurement** is designed to equip public sector professionals with practical knowledge and updated insights aligned with the **New Procurement Guidelines 2024**.

The programme provides participants with a comprehensive understanding of **procurement planning, bidding procedures, evaluation processes, and contract management within the Sri Lankan public sector framework.**

📅 **Commencement:** May 2026
🕘 **Schedule:** Saturdays – 9.00 AM to 12.30 PM
📍 **Mode:** Hybrid – Physical classes at CA Sri Lanka, Colombo 7
📚 **Duration:** 10 Sessions
💰 **Investment:** Rs. 20,000 per participant
*(40% Discount for APFA/CPFA Members)*

👥 **Who Should Attend?**
• Public sector officers involved in procurement
• Finance and audit professionals
• Project and programme managers
• Officers responsible for contract management
• Supplier and vendor management officers

📌 **Why This Course?**
• Aligned with New Procurement Guidelines 2024
• Practical approach with real procurement case studies
• Delivered by experienced professionals
• Strengthens governance, accountability and compliance

🔗 **Register Now:**
https://docs.google.com/forms/d/e/1FAIpQLSdR1bA8ExG621bwPR1g9t7_HNuHC6rJ00WZvjuAD2yU1fD7Og/viewform

📞 **Inquiries:**
Mr. Ruchira – 077 549 8178

⚠️ **Register Early – Limited Seats Available**

📢 **Adoption of IPSASB SRS 1, Its Impact on Public Sector Entities and Sri Lanka’s Achievement of SDGs**
(Half-Day Awareness Session)

Sri Lanka is entering a critical phase of public sector reform where **transparency, sustainability, and accountability** are becoming central to governance.

The introduction of **IPSASB SRS 1 – Climate-related Disclosures** marks a significant shift in public financial reporting, aligning public sector entities with global sustainability expectations, climate accountability frameworks, development partner requirements, and long-term fiscal resilience.

🎯 **Objectives of the Session**
• Provide technical clarity on the scope, structure, and principles of IPSASB SRS 1
• Enhance practical readiness for early and voluntary adoption
• Highlight the strategic relevance of climate disclosures to **national development priorities and Sustainable Development Goals (SDGs)**

👥 **Who Should Attend**
• Secretaries & Additional Secretaries of Ministries
• Heads of Departments
• Chief Executives & Finance Heads of SOEs
• Provincial Council Officials
• Local Government Leadership
• Policy Makers & Regulatory Authorities

📅 **Date:** 08 May 2026
🕑 **Time:** 2.00 PM onwards
📍 **Venue:** CA Sri Lanka

💼 **Investment:** Free of Charge (FOC)
*(Inclusive of seminar material and refreshments)*

⚠️ **Limited Participation:** Only **100 participants** will be accommodated. Early registration is strongly recommended.

🔗 **Register Now:**
https://docs.google.com/forms/d/e/1FAIpQLSfAdXcjOTF0_a5-5Xq0SHzD6b9L9lYV0si-CsfM_rjiJ0pUhQ/viewform?usp=header

The Association of Public Finance Accountants of Sri Lanka (APFASL) successfully held its 14th Annual General Meeting on 31st March 2026 at CA Sri Lanka, with the participation of members, Board members, and distinguished guests, including Mr. Tishan Subasinghe – President of CA Sri Lanka, Ms. Anoji De Silva – Vice President of CA Sri Lanka, and Ms. Lakmali Priyangika – CEO of CA Sri Lanka.

The AGM reviewed the Association’s progress and financial performance for 2025, reaffirming its continued commitment to strengthening public financial management in Sri Lanka.

A key highlight of the event was the induction of Ms. K. V. C. Dilrukshi as the new President of APFASL, succeeding Mr. V. Kanagasabapathy, whose 14 years of dedicated service were warmly appreciated and recognised.

The event concluded with a thought-provoking session on “Accrual Transition in the Public Sector: Current Status and the Way Forward,” reinforcing the Association’s role in advancing public sector reforms.

We thank all members and stakeholders for their continued support and participation.

🌟Short Course on Project Management for Public Sector Professionals 🌟

Public sector projects drive national development from infrastructure and social programs to SOE investments. This practical program equips finance officers, planners, project managers, and auditors with essential tools to identify, appraise, implement, and monitor projects successfully.

What You’ll Cover:
✅ Project identification, preparation & problem definition
✅ Financial, economic & social feasibility
✅ Appraisal, risk analysis & decision-making
✅ Work planning, cost control & reporting
✅ Implementation monitoring & completion

Learning Outcomes – Participants Will Be Able To:
➡️ Identify and design viable public sector projects
➡️ Conduct financial and economic feasibility analysis
➡️ Apply structured appraisal techniques
➡️ Prepare feasibility and completion reports
➡️ Monitor and control project implementation
➡️ Ensure long-term sustainability of public investments

Program Details:
🗓 10 sessions starting first week of April 2026
📍 Institute of Chartered Accountants of Sri Lanka, Colombo 7 (Hybrid option available)

💰 Rs. 10,000/- (40% discount for APFA / CPFA Members)
🎓 Certificate of Completion upon successful participation

📞 Register / Info:
Ms. Arminah Mohideen – 071 023 5283
Ms. Hasini Gunawardena – 070 277 8776

Register - https://docs.google.com/forms/d/e/1FAIpQLSe80SfadY20bseP6alo3yQzgQ5KNWwMQmZ-FlMONDU40oj9ng/viewform?usp=header

🌟Certificate Course on Public Sector Management Accounting, Investment Appraisal & Risk Governance 🌟

Public sector decision-making requires more than traditional accounting knowledge. This 15-session course equips professionals with advanced management accounting tools, investment appraisal techniques, and risk governance frameworks relevant to Sri Lanka’s public sector.

Who Should Attend:
✅ Senior & mid-level public sector finance officers
✅ Planning & development professionals
✅ Project appraisal & PMU officers
✅ SOE finance managers
✅ Internal auditors & risk officers
✅ Members of public investment committees
✅ Professionals preparing for leadership roles in public finance

What You’ll Cover:
📌 Public sector management accounting & value for money
📌 Investment appraisal techniques (NPV, IRR, BCR, Payback)
📌 Financial vs economic appraisal & extended viability analysis
📌 Capital budgeting & sourcing of capital
📌 Risk & uncertainty in public investments
📌 Risk management frameworks, internal controls & fraud prevention
📌 Operations research for strategic decision-making

Learning Outcomes:
Participants will be able to:
✅ Apply management accounting tools in public sector contexts
✅ Conduct financial & economic appraisal of public investments
✅ Evaluate capital budgeting frameworks in Sri Lanka
✅ Apply quantitative risk analysis techniques
✅ Design effective risk governance & internal control systems
✅ Strengthen strategic decision-making under uncertainty

Program Details:
🗓 15 Sessions (3 Hours Each), starting first week of April 2026
📍 Institute of Chartered Accountants of Sri Lanka, Colombo 7 (Hybrid option available)

💰 Rs. 15,000/- | 40% Discount for APFA / CPFA Members
🎓 Certificate of Completion

📞 For Registration / Info:
Ms. Arminah Mohideen – 071 023 5283
Ms. Hasini Gunawardena – 070 277 8776

Register - https://docs.google.com/forms/d/e/1FAIpQLSe4Y0duwdWmRL4a1HZdW-Vo6Jhnp_LkimBt-PkPl2eSowflfw/viewform?usp=header