Seminar on new developments in SLAS

The Institute of Certified Management Accountants of Sri Lanka (CMA) will hold a seminar on 'New Developments in Sri Lanka Accounting Standards (SLAS) (LKAS/SLFRS)' on Tuesday from 2.30 pm to 5.00 pm at the Distance Learning Centre, SLIDA building, Malalasekera Mawatha, Colombo.

CMA Sri Lanka will source personnel from Ernst and Young, Sri Lanka Financial Accounting Advisory Services (FAAS) and Professional Practice Development (PPD) who have extensive experience and in-depth knowledge in applying Sri Lanka Accounting Standards equivalent to International Financial Reporting Standards and in providing IFRS related consultancy services for large financial service organisations, diversified organisations, and multinationals including public sector organisations.

The panel consists of IFRS accredited trainers and keynote speakers of IFRS fora.

Three illustrious speakers will share the theoretical and experience in applying and interpreting the key concepts of consolidated financial statements - SLFRS 10, Joint Arrangement - SLFRS 11, Fair Value Measurement - SLFRS 13 Disclosure of interests in other entities - SLFRS 12, Employee Benefits - LKAS 19.

The workshop will provide an insight into the new 'control model' and arrangements that may qualify for consolidation, accounting for joint venture arrangements and impact of equity accounting for joint ventures, disclosures of investments in other entities and minority interest, principles of new fair value measurement standard and amendments in employee benefits standard.