14/07/2024
WHAT'S MEAN BY SRI LANKA ACCOUNTING STANDARDS
• Accounting standards (LKAS) set by Institute of Chartered Accountants of Sri Lanka
• This Sri Lanka accounting standards sets out the
concepts that underlie the preparation and presentation
of financial statements for external users.
• Sri Lanka Accounting Standards comprise Accounting Standards prefixed both SLFRS and LKAS
• SLFRS refers to Sri Lanka Accounting Standards corresponding to IFRS and LKAS are Sri Lanka