CMA conducts workshop on Derivatives and Hedge Accounting

Thursday, 4 December 2014 00:00 - - {{hitsCtrl.values.hits}}

A half day workshop on Derivatives and Hedge Accounting was organised by the Institute of Certified Management Accountants of Sri Lanka (CMA) on 27 November 2014 at the Distance Learning Centre at SLIDA.

The workshop was inaugurated by CMA President Prof. Lakshman R. Watawala and was conducted by Nirmal Costa – Senior Director from Ernst & Young Sri Lanka Financial Accounting Advisory Services (FAAS) who proves extensive experience and in-depth knowledge in applying Sri Lanka Accounting Standards (SFLRS) equivalent to International Financial Reporting Standards in providing IFRS related consultancy services for financial services organisations. Participants from the BPO and services organisations took part actively in this interactive workshop. The workshop gave an opportunity to peer to peer learning and sharing of best practices on derivatives and hedge accounting. Nirmal Costa shared theoretical and actual experience in applying and interpreting the key concepts on identifying derivatives and applying the key concepts with a series of case studies and real-world examples of derivatives. The audience felt that the case study was an important and easy method to learn. Here Nirmal Costa who conducted the course together with workshop participants.