Αποτελέσματα Αναζήτησης
Glossary of Terms. This glossary is extracted from the Sri Lanka Accounting Standards (SLFRSs and LKASs) issued by the ICASL in 2011. References are by Standard and paragraph number. The glossary also includes extracts from the Framework for the Preparation and Presentation of Financial Statements. References to the Framework are preceded by F.
Preface to Sri Lanka Accounting Standards and the Framework for the Preparation and Presentation of Financial Statements. LKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance. Objective
These broad classes are termed the elements of financial statements. The elements directly related to the measurement of financial position in the balance sheet are assets, liabilities and equity. The elements directly related to the measurement of performance in the income statement are income and expenses.
risks across the world, thus improving capital allocation. For businesses, the use of a single, trusted accounting language derived from Standards based on the Conceptual Framework lowers the cost of capital and reduces international reporting costs.
Recognized as the torch bearers of the accounting and auditing profession in Sri Lanka, the institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is one of the country’s foremost and largest professional organizations that has produced over 5,400 chartered accountants.
The objective of this Guideline is to ensure the reliability and consistency in valuation of Property, Plant and Equipment (PPE), Investment Property (IP) and Biological Assets (BA) by providing a framework for financial reporting purposes.
6 Ιουν 2018 · Department of Census and Statistics; Institute of Bankers of Sri Lanka; International Monetary Fund; Colombo Stock Exchange; Credit Information Bureau; Sri Lanka Accounting and Auditing Standards Monitoring Board
