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The double-entry system has two equal and corresponding sides, known as debit and credit; this is based on the fundamental accounting principle that for every debit, there must be an equal and opposite credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and ...
The Accounting in Sri Lanka is regulated under the several legal regulations. There are several professional accountancy body in the country. The Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) is the audit oversight entity, while the Auditor General of Sri Lanka has audit oversight over government all entities. [1]
The institute was initially established as "Society of Certified Management Accountants of Sri Lanka", on 3 June 2000 in Colombo Sri Lanka with the help technical assistance and the guidelines of Certified of Management Accountants of Canada (CMA Canada), now CPA Canada and the Institute of Management Accountants (IMA) of USA and International Federation of Accountants (IFAC) which is the ...
The name "ikman" comes from the Sinhala term "ඉක්මන්" meaning "fast", or "quick". [1] ikman.lk Launched in June 2013 and is owned by Swedish company Saltside Technologies. ikman.lk became the 6th most visited website in Sri Lanka after three months of operation. [2] The site was initially developed by technical teams based in Sweden ...
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is a professional accountancy body in Sri Lanka. The Institute was established by Act of Parliament, No. 23 of 1959 as the sole organisation in Sri Lanka with the right to awarding the Chartered Accountant designation.
Pages in category "Professional accounting bodies in Sri Lanka" The following 3 pages are in this category, out of 3 total. This list may not reflect recent changes .
Deferred expenses (or prepaid expenses or prepayments) are assets, such as cash paid out for goods or services to be received in a later accounting period. When the promise to pay is fulfilled, the related expense item is recognised, and the same amount is deducted from prepayments .
The Association of Accounting Technicians of Sri Lanka, or AATSL, is a Sri Lankan qualification and professional body for vocational accountants which was launched as an initiative that came through the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). AAT is a technician level qualification offering higher apprenticeships which ...