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Sunday, 9 February 2014

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CASL program for Maldivian Directors

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently went beyond its national scope by introducing a special program for Maldivian Directors on finance.

As businesses revolve round creating an impact among all stakeholders and eventually adding to shareholder value, the implications of finance could create major strides towards overall business growth.

CA Sri Lanka educated the Board of Directors of the Male' Water and Sewerage Company (Pvt) Ltd on important areas in the field of finance, to directors from outside the finance sector.

The program 'Finance for Non-Finance Managers' was conducted at the CA Sri Lanka premises in Colombo 7.

The program was aimed at educating senior managers of the company to understand the intricacies of finance which could significantly affect the development process of an organisation.

Resource Person Hussain Moosajee, a corporate trainer covered a multitude of areas including the role of a finance division amidst other functional divisions, understanding of financial accounting terms, balance sheet terminologies, cost analysis, comprehensive understanding of the three types of financial statements, why investments decisions are important, and discounted cash flow versus non-discounted cash flow methods.

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