CIMA Sri Lanka accounting standard study group
In October 2009, CIMA’s Sri Lanka division formed an accounting standard study group comprised of six members, chaired by Manil Jayesinghe, partner at Ernest and Young, to conduct a study of 10 selected Sri Lanka accounting standards and disseminate this knowledge among CIMA students and members. The key objectives of the group were to:
- promote technical and theoretical knowledge about accounting standards
- promote knowledge about business applications and practical implications of accounting standards among CIMA members
- engage members with regard to initiatives related to financial accounting (which is also part of the CIMA profession qualification)
- facilitate CIMA professional development of members.
Study progress
The study results are being released in two series. We are delighted to announce that the latest papers, SLAS 19: Leases and SLAS 20: Borrowing costs, can now be found on this website.
You can also find our earlier reports: the studies of SLAS 36: provisions, contingent liabilities and contingent assets, SLAS 37: intangible assets and SLAS 40: investment property.
As this project progresses we will focus on how Sri Lanka accounting standards are moving closer to international accounting standards.
Feedback
We also welcome your invaluable feedback on this project and the study outcome document, for us to provide a better service to you. Kindly send your feedback to technicalservices.srilanka@cimaglobal.com.