All the active AAT students who wish to complete subjects or stages of AAT Examinations by exemption upon required qualifications should apply for such exemptions immediately after the registration.
Anyhow the students who are pending the required qualifications to apply for the exemptions immediately after registration should apply for the same subsequently subject to following closing dates.
Closing dates for Exemptions
- For July Examination - 31st March
- For January Examination - 30th September
If you apply after the above closing dates, granting of your exemption will be delayed (please see Student Guide for more details).
As no subsequent complete result sheet will be offered incorporating the subsequent exemptions granted after the closing dates, you are strictly advised to adhere to the above dates.
Exemption once granted will not be cancelled under any circumstances.
Your choice to complete a subject of AAT must be either by Examination or by Exemption only.
Exemption Fee Structure
| Exemption Fees (Effect from 1st November 2023) | ||
|---|---|---|
| Examination Level | Description | Fees (LKR) |
| Level I | Per Subject | 2,000/= |
| Level II | Per Subject | 2,500/= |
| Level III | Per Subject | 2,700/= |
| Talent Capstone | Per Subject | 2,500/= |
Payment options
You have two options to make the exemption payment.
- Option 01: To bank (any branch of NSB or HNB banks)
NSB (A/C No. 90_ _ _ 2301989)
OR
HNB (A/C No. 039020327099)
Note : Please put 33 prefix with your 7 digit student registration number for the payment reference number without fail. - Option 02: Online through AAT website (https://aatsl.lk/index.php/en/online-payment) You can make the payment online using a credit card.
Note : Please put 33 prefix with your 7 digit student registration number for the Account ID without fail.
Exemption Requirements
- Duly completed Original Exemption Application Form
- Depositor’s Original Copy of Bank Pay-in-voucher (with Bank Stamp)
- Certified Photocopies of the Educational Certificates based on which the exemptions are claimed
- Acknowledgement Postcard with the appropriate postage stamp affixed and the Name and Address of the applicant written clearly.
Important: A certificate of exemption should be obtained before applying for examinations. Exemption Application and payment instructions are part of the AAT Students’ Guide.
If the Exemption Certificate is lost / misplaced, a duplicate certificate could be obtained by making a payment of Rs. 500/=. For this a written request should be made by the student.
Exemptions under new curriculum (Effective from July 2020 examination)
(A) Registered students who have passed G.C.E.A/L examination (Sri Lanka/UK) in the following subjects are eligible to be exempted from AAT AA1 examination subjects as shown below.
| G.C.E. (A/L) Subjects | Level I exempted Subject |
|---|---|
| Accounting | 101 Financial Accounting (FAC) |
| Combined Mathematics / Pure Mathematics / Applied Mathematics / Business Statistics | 102 Business Mathematics and Statistics (BMS) |
| Economics | 103 Economics (ECN) |
| Business Studies / Commerce and Finance/td> | 104 Business Environment (BEN) |
(B) Those who have passed the Final Examination of the International Association of Bookkeepers (IAB) are exempted from 101 Financial Accounting subject (FAC) in Level - I.
(C) Those who have completed the Certificate in Banking and Finance (CBF/IABF) Examination of the Institute of Bankers (SL / UK) are exempted from following subjects.
| IBSL Subject | Level - I exempted Subject |
|---|---|
| Business Accounting | 101 Financial Accounting (FAC) |
| Business Mathematics and Statistics | 102 Business Mathematics and Statistics (BMS) |
| Principles of Economics | 103 Economics (ECN) |
Students who have completed Masters of Business Administration (MBA) Program relating to Management field at an University approved by the University Grants Commission (UGC) of Sri Lanka are eligible to be exempted from following subjects;
Level I
- 101 (FAC) Financial Accounting
- 103 (ECN) Economics
- 104 (BEN) Business Environment
Level II
- 204 (BMA) Business Management
- Diploma in Management Studies / Higher Diploma in Management Studies of Open University of Sri Lanka
- First (1st) and Second (2nd) year Examination of the HNDA / HNDC / HNDM conducted by Government Technical Colleges /Advanced Technological Institutes
- Completion of HNDBA conducted by Government Technical Colleges /Advanced Technological Institutes
- Other University degrees recognized by University Grants Commission of Sri Lanka except the Management and Commerce degrees (non-management degrees).
- Fundamental (Knowledge Module) of Association of Chartered Certified Accountants - ACCA (UK)
First (1st) and second (2nd) year Examinations of Management and Commerce Degrees recognized by the University Grants Commission of Sri Lanka.
- Certificate Level of Chartered Institute of Management Accountants (CIMA- UK)
- Foundation Level of Institute of Certified Management Accountants of Sri Lanka - CMASL
- National Certificate for Accounting Technicians (NCAT) conducted by Technical Colleges under the Department of Technical Education & Training
- Passed Finalist of HNDC / HNDM conducted by - Government Technical Colleges /Advanced Technological Institutes
- Higher National Diploma in Business Finance (HNDBF) conducted by Sri Lanka Institute of Advanced Technological Education
- A Degree from a university which is recognized by University Grants Commission of Sri Lanka with passes in;
- Accounting
- Business Mathematics & Statistics
- Information Management & Application
- Business Law and
- Economics
- Operational Level of Chartered Institute of Management Accountants (CIMA- UK)
- Third (3rd) year Examination of HNDA (first and second years should also be fully completed.)
- National Diploma in Accountancy (NDA) conducted by Technical Colleges under the Department of Technical Education & Training
- Operational Level of Institute of Certified Management Accountants of Sri Lanka - CMASL
(A) The scheme of exemptions for those who have passed individual subjects of Business Level I & II examinations (2020-2025) of CA Sri Lanka is as follows.
| Subject passed at CA Sri Lanka - Business Level | Subjects exempted under AAT Sri Lanka Examinations |
|---|---|
| Business Level - I | |
| Financial Accounting | 101 Financial Accounting (FAC) 201 Advanced Financial Accounting and Costing (AFC) |
| Financial Mathematics and Statistics | 102 Business Mathematics and Statistics (BMS) |
| Business Law | 203 Business Law (BLA) |
| Business Environment and Economics | 103 Economics (ECN) 104 Business Environment (BEN) 204 Business Management (BMA) |
| Business Level - II | |
| Audit Business Proccesses & Digitalization | 303 Financial Controls and Audit (FCA) |
| Management Accounting | 302 Management Accounting and Finance (MAF) |
| Digital Business Strategy | 202 Information system in Digital Environment (ISD) |
| Business Communication I | 310 Business Communication (BC) |
(B) Students who have completed entire Business level I with Skill Pillar need to complete the following subjects in order to become a Passed Finalist of AAT Sri Lanka
- 202 Information system in Digital Environment (ISD)
- 301 Financial Reporting (FAR)
- 302 Management Accounting and Finance (MAF)
- 303 Financial Controls and Audit (FAC)
- 304 Corporate & Personal Taxation (CPT)
(C) Students who have completed entire business level I&II with Skill Pillar should complete the following subjects in order to become a Passed Finalist of AAT Sri Lanka
- 301 Financial Reporting (FAR)
- 304 Corporate & Personal Taxation (CPT)
(D) Students who have passed individual subjects of Executive Level I & II examination (2015-2020) (Knowledge Pillar) are eligible for following subject exemptions
| Subject passed at CA Sri Lanka - Executive Level | Subjects exempted under AAT Sri Lanka Examinations |
|---|---|
| KE1 Financial Accounting & Reporting Fundamentals |
101 Financial Accounting (FAC) 201 Advanced Financial Accounting and Costing (AFC) |
| KE 2 Management Accounting Information |
102 Business Mathematics and Statistics (BMS) 302 Management Accounting and Finance (MAF) |
| KE 3 Fundamentals of Law | 203 Business Law (BLA) |
| KE 4 Processes, Assurance & Ethics | 303 Financial Controls and Audit (FCA) |
| KE 5 Commercial Insight for Management | 103 Economics (ECN) 104 Business Environment (BEN) 204 Business Management (BMA) |
(E) Students who have completed entire Knowledge pillar of Executive level I & II examinations of CA Sri Lanka (2015-2020) should complete the following subjects in order to become a Passed Finalist of AAT Sri Lanka
- 301 Financial Reporting (FAR)
- 202 Information system in Digital Environment (ISD)
- 304 Corporate & Personal Taxation (CPT)
- 310 Business Communication (BC)
(F) Students who have completed entire Knowledge pillar and Skills pillar of Executive level I & II examinations of CA Sri Lanka (2015 - 2020) should complete the following two (2) subjects in order to become a Passed Finalist of AAT Sri Lanka
- 301 Financial Reporting (FAR)
- 304 Corporate & Personal Taxation (CPT)
- Advance Diploma in Business Management (ADBM) offered by National Institute of Business Management (NIBM)
- Higher National Diploma in Business Management (HNDBM) offered by National Institute of Business Management (NIBM)
Note - 1
Any other qualifications acceptable to the Governing Council of AAT Sri Lanka will be decided case by case.
Note - 2
If previous entitlement criteria for granting of exemptions have not been revised under the current syllabus, exemptions for such cases would be granted appropriately under the criteria that prevailed at that time.