CA Sri Lanka focuses on SME development in Matara and Badulla

Wednesday, 30 April 2014 00:00 - - {{hitsCtrl.values.hits}}

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will conduct three programs focusing on Small and Medium Sized Entities (SME) development in conjunction with Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) in April and May 2014. CA Sri Lanka will kick off a seminar on Sri Lanka Accounting Standard for Medium Sized Entities (SLFRS for SMEs) at Solis Hotel, Matara on 30 April 2014, which will be conducted by CA Sri Lanka Head of Technical Upendra Wijesingha. The seminar which targets CFOs, accountants, and auditors of SMEs will give participants a thorough understanding on the applicable financial reporting framework for SMEs and the benefits of adopting SLFRS for SMEs. The seminar will also educate participants on which entities are eligible for SLFRS for SMEs, principles in SLFRS for SMEs and the difference between SLFRS for SMEs vs. the full SLFRS. During the seminar, Wijesinghe will also focus on identifying the method of developing an accounting system complying with the requirement of SLFRS for SMEs during the program. CA Sri Lanka will also conduct two separate training programs on Computerised Accounting Package – Sage 50 on 7 May 2014 in Matara (IDM Nations Campus) and 8 May 2014 in Badulla (ESOFT Computer Studies). The training program which will be conducted by Perfect Business Solution Services Ltd Managing Director Madura Gamanayaka, targets accountants and other professionals who seek to improve their knowledge on computerised accounting in connection to SMEs. During the training program on Computerised Accounting Package, Gamanayaka will cover a multitude of areas including computerised accounting systems and its environment, processing techniques used for computerised accounting, computerised trading company with main modules, G/L with cash book and bank reconciliation, accounts payable/receivable ledger, financial and cash flow budgets and financial reporting.

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