Students
Exemptions
Exemptions PDF Print E-mail

 

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 along with the registration or immediately after the registration.
 
Anyhow the students who are pending the required qualifications to apply for the exemptions at the time of 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
 
 
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 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 pay - in - slips 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. 100/-.
For this a written request should be made by the student. 
 
Exemptions under new curriculum
(Effective from July 2015 examination)
 
1) Subject Exemptions - AA1/ AA2 Levels
(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 AA1/AA2 examination subjects as shown below.
 

   (i)            G.C.E. (A/L) Subject
 
 1 Accounting
 2 Combined Mathematics/Pure Mathematics/
    Applied Mathematics/Business Statistics
 3 Economics
 4 Business Studies / Commerce and Finance
 
   (i)            AA1 /AA2 exempted Subject
 
 1 AA11 Financial Accounting Basics (FAB)
 2 AA12 Quantitative Methods for Business (QMB)
 
 3 AA13 Economics for Business and Accounting (EBA)
 4 AA15 Business Operations & Management (BOM)
 

(B) Those who have passed the Final Examination of the International Association of Bookkeepers (IAB) are exempted from AA11 Financial Accounting Basics (FAB) subject.
 
2) Complete Exemption from AA1 Level and Business Law and Ethics (BLE) Subject of AA2 Level
 
i.   National Diploma / National Certificate in Business Studies conducted by Government Technical Colleges / Advanced Technological Institutes
ii.  Certificate in Banking and Finance (CBF) Examination of the Institute of Bankers (SL / UK)
iii. Diploma in Management Studies (OUSL)
iv.  Association of Business Executives (ABE) Final Level Examination
v.   Second (2nd) year Examination of the HNDA / HNDC / HNDM conducted by Government Technical Colleges /Advanced Technological Institutes
vi.  First (1st) and second (2nd) year Examinations of Commerce and Management Degrees from a UGC (SL) recognized University
iii. Other university degrees recognized by UGC (SL) except the Commerce & Management degrees
 
 
3) Complete exemption from AA1 Level, Cost Accounting & Reporting (CAR) and Business Law and Ethics (BLE) subjects of AA2 Level
 
i.   Certificate Level - CIMA (UK)
ii.  Foundation Level of ICMASL
iii. Fundamental (Knowledge Module) of ACCA (UK) / CAT Examination of ACCA (UK)
 
4) Complete exemption from AA1 Level and AA2 Level except for Business Law & Ethics (BLE)
 
National Diploma in Accounting Technicians Programme conducted by Technical Colleges under the Department of Technical Education & Training
 
 
5) Complete Exemption from AA1 and AA2 Levels
 
i.   A Degree from a UGC (SL) Recognized University with passes in ;
     (a) Accounting (b) Business Mathematics & Statistics (c) Information Management & Application (d) Business Law and (e) Economics
ii.   Third (3rd) year Examination of HNDA
iii.  Passed Finalist of HNDC / HNDM conducted by - Government Technical Colleges /Advanced Technological Institutes
iv. Higher National Diploma in Business Finance conducted by Sri Lanka Institute of Advanced Technological Education
v. National Certificate for Accounting Technicians (NCAT) conducted by Government Technical Colleges
vi. Operational Level of ICMASL
vii. Operational level of CIMA (UK)
 
6) Exemptions available for Executive Level of CA Sri Lanka
 
(A) The scheme of exemptions for those who have passed individual subjects of Executive Level examination (Knowledge Pillar) of CA Sri Lanka is as follows.
 
Subject passed at CA Sri Lanka - Executive Level
Subjects exempted under AAT Sri Lanka Examinations
   KE1 Financial Accounting & Reporting Fundamentals
   AA11 Financial Accounting Basics (FAB)
   AA21 Advanced Financial Accounting (AFA)
   AA31 Financial Accounting & Reporting (FAR)
   KE 2 Management Accounting Information
   AA12 Quantitative Methods for Business (QMB)
   AA22 Cost Accounting & Reporting (CAR)
   AA32 Management Accounting and Finance (MAF)
   KE 3 Fundamentals of Taxation & Law
   AA25 Business Law & Ethics (BLE)
   KE 4 Processes, Assurance & Ethics
   AA34 Processes, Controls and Audit (PCA)
   KE 5 Commercial Insight for Management
   AA13 Economics for Business and Accounting (EBA)
   AA15 Business Operations & Management (BOM)
 
(B) Students who have completed entire Knowledge pillar of Executive level examination of CA Sri Lanka under the new curriculum should complete the following subjects in order to become a passed finalist of AAT Sri Lanka
 
i.   AA35 Corporate & Personal Taxation (CPT)
ii.  AA26 Business Management & Strategy (BMS)
iii. SS1 Effective Communication Skills (ECS)
iv.  SS2 IT Skills (ITS)
 
(C) Students who have completed entire Knowledge pillar and Skills pillar of Executive level of CA Sri Lanka should complete the following two (2) subjects in order to become a passed finalist of AAT Sri Lanka
 
i.   AA35 Corporate & Personal Taxation (CPT)
ii.  AA26 Business Management & Strategy (BMS)
 
7) Exemptions available for students from previous syllabus of CA Sri Lanka (CAB-I & CAB-II)
 
(A) The scheme of exemptions for those who have passed individual subjects of CAB- I & CAB- II Level examinations of CA Sri Lanka is as follows.
 
Subjects and Examination Passed at CA - Sri Lanka
Examination (old syllabus)
Subjects exempted at AAT Sri Lanka Examinations
   CAB-I Level
 
   Financial Accounting
   AA11 Financial Accounting Basics (FAB)
   Business Mathematics & Statistics
   AA12 Quantitative Methods for Business (QMB)
   Management & Business Economics
   AA13 Economics for Business and Accounting (EBA)
   AA15 Business Operations & Management (BOM)
   Business English-I
   -
   CAB-II Level
   
   Fundamentals of Management Accounting and
Business Finance
   AA22 Cost Accounting & Reporting (CAR)
   AA32 Management Accounting & Finance (MAF)
   Auditing & Assurance
   AA34 Processes, Controls & Audit (PCA)
   Information Management
   SS2 IT Skills (ITS)
   Accounting Application & Taxation
   AA21 Advanced Financial Accounting (AFA)
   AA31 Financial Accounting & Reporting (FAR)
   Business English –I & Business English-II
   SS1 Effective Communication Skills (ECS)
 
(B) Students who have completed CAB-I of CA Sri Lanka will be exempted from entire AA1 level and Business Law and Ethics (BLE) of AA2 Level.
 
(C) Students who have completed entire CAB-I & CAB-II levels of CA Sri Lanka should complete the following subjects in order to become a passed finalist of AAT Sri Lanka.
 
i.   AA35 Corporate and Personal Taxation (CPT)
ii.  AA26 Business Management & Strategy (BMS)
 
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.
 

 

 


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