Comprehending perceived complexity

Monday, 6 August 2012 00:00 - - {{hitsCtrl.values.hits}}

A workshop on ‘LKAS 32: financial instruments – presentation’ and ‘LKAS 39: financial instruments – recognition and measurement’ will take place on 22 and 23 August from 8:30 a.m. to 12:30 p.m. at the CIMA auditorium

The accounting standard study group of the CIMA Sri Lanka division aims to improve understanding of the application of LKAS 32 and 39 covering accounting for financial instruments, where effectively addressing issues using key principles of the standards will be focused on.

There has been much interest in the standard and its application due its perceived complexity, and its impact on recognition and measurement of key sources of finance in corporate financial statements.

The workshop will strive to understand the content of the standard and the practical issues arising in application. Participants will be able to enhance understanding on the application through practical examples and testing knowledge applied to different scenarios within the scope of the standard.

Speakers at the event are Sanath Fernando, Partner, Ernst & Young, Sri Lanka; Nirmal Costa,

Director, Ernst & Young Sri Lanka, and Manil Jayesinghe, Partner, Ernst & Young – Maldives & Sri Lanka.

The resource personnel will be covering the following topics: Introduction to financial instruments, Introduction to derivatives, Impairment of Financial Instruments, Debts vs. equity, De-recognition of financial assets, Financial instruments disclosures.

For more information please contact Jennifer on 2503880 ext 263.