The prizes and certificates awarding ceremony – 2018 of the Best Annual Report competition conducted continuously for the 11th successive year by the Association of Accounting Technicians of Sri Lanka, in collaboration with the Ministry of EducationB among schools was held on 27th November 2018 at the BMICH Main Hall Colombo. Hon. Dr. Wijayadasa Rajapakshe, Minister of Education and Higher Education graced the occasion as chief guest.
Both national level and provincial level schools had been included for the competition this time.
Accordingly around 2,800 schools qualifying to enter the competition is noteworthy. Therefore, the competition emerged highly competitive this year too and AAT Sri Lanka had made necessary arrangements to evaluate all the reports by a personnel pannel of judgers.With the objective of preparation of successful annual reports the guideline book and DVD containing information and criteria relating to the competition, designed by AAT Sri Lanka had been sent to all the schools with G.C.E. Advanced level classes.
The competition Management Committee believes that this competition offers a golden opportunity to school development societies to develop their analytical and accounting skills in relation to transparency, accountability and accuracy. There are several primary objectives of this programme.
The main among them is the preparation of accounting statements in accordance with commonly accepted accounting principles and modern accounting standards and thereby maintaining a high level good governance practice. Gold, silver and bronze medals were awarded to the 1st, 2nd and 3rd places respectively for the best annual reports at national level this year too.
Gold Award Winner – Sanghamiththa Balika Vidyalaya, Galle
Silver Award Winner – Taxila Central College, Hoarana
Bronze Award Winner – Rathnawali Balika Vidyalaya, Gampaha
9 cups were awarded to best reports at provincial level.
The 1st, 2nd and 3rd places at district level were awarded cups and certificates. A special feature of this competition was distinguishing schools over 1,000 students and below when awarding district level awards.