Oxford College of Business recognized at CA Sri Lanka Annual Report Awards 2016
Oxford College of Business, won a ‘Compliance Award’ in the Small and Medium Sized Entities at the 52nd Annual Report Awards 2016 organized by the Institute of Chartered Accountants of Sri Lanka.
The event was held on the 6th of December under the patronage of Finance Minister Hon. Ravi Karunanayake. This competition is considered the most prestigious accolade for Annual Reporting in the country, and has helped enhance the standards in financial reporting in line with global standards.
CA Sri Lanka is the national professional accounting body and the sole authority in promulgating accounting and auditing standards in Sri Lanka. The Annual Report Awards, organised by the Institute of Chartered Accountants of Sri Lanka is the benchmark for transparency, corporate governance, and excellence in financial reporting. The theme of this year’s 52nd Annual Report competition was ‘Precision Exemplified’. The objectives of the competition were to encourage effective communication to stakeholders through publication of informative annual reports, promote effective presentation of financial and non-financial information, to comply with legislative and generally accepted accounting practices and to enlighten Sri Lankan corporates on the growing global trends in annual reporting and encourage organisations to adopt best practices in parity with international standards.
The winners were selected on their ability to clearly communicate the objectives, highlights, performance, personnel, and management to a targeted audience. The size, resources, complexity, and sophistication of operation of each applicant was considered in the judging process.
“We, at Oxford College of Business, compiled our Annual Report this year on the theme ‘Creating the Future’, leveraging on our vision to develop the next generation of leaders in business and industry through unmatched business and management training and education, for we believe that our students are our future and that every investment in education is an investment towards a more progressive, creative and value driven world. We are indeed humbled and honoured to be recognized for our compliance at this prestigious awards ceremony and I give all glory and honor to Jesus Christ alone for this great achievement.
This award goes to show the attention to detail Oxford College of Business puts in when it comes to compliance in financial reporting. We also see this award as a means of assuring all our stake holders of the trust they place in us.”
“Our success is driven by our people and their commitment to get results the right way by working responsibly, executing with excellence, delivering the best quality products and solutions, applying innovative methodologies, and seizing new opportunities for organisational and personal growth. Oxford College of Business has a very clear vision of who we are and where we are going in the years that lie ahead,” said Mr. Malindu Ranasinghe.
Furthermore, Oxford College of Business recently won the the Gold award in the Small Business category and a Merit Award in the Educational Services Sector at the National Business Excellence Awards 2016. Oxford College of Business was also listed as one of the top 25 Great Places To Work For in Sri Lanka by Great Place To Work for the third consecutive year and bagged the silver award in Small Sized Enterprise which was organized by Great Place to Work Institute together with Ceylon Chamber of Commerce and LMD Magazine. Oxford College of Business emerged victorious, winning the Silver Award – Service (National Level) in the Small Category at the 2016 CNCI Achiever Industrial Excellence Awards organized by the Ceylon National Chamber of Industries. Whilst OCB’s flagship CSR initiative “Out of Darkness” was named as one of the best projects in Asia under the Social Empowerment Category at the Asia Responsible Entrepreneurship Awards (AREA) 2016. Oxford College of Business has certainly revolutionized the higher education industry in this country with its unique style of teaching and dedication towards quality education.
Today Oxford College of Business is the only education provider in the country to hold the triple international certification of ISO 9001, ISO 14001 and OSHAS 18001 which shows the Business School’s commitment and dedication to quality education delivered in an environment conducive for an optimum learning experience. At Oxford College of Business education is delivered with a view of students consistently absorbing new knowledge using the most up to date teaching techniques, enabling respective students to create value at every level of any business.