Mastering Sri Lanka Accounting Standards

A comprehensive guide and certification course covering the application of SLFRS and LKAS. Stay updated with the latest regulations from the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

⏱️ 40 Hours
📊 Advanced Level
🏆 CA Sri Lanka Aligned

Core Learning Modules

Module 1: Fundamentals

Presentation & Policies

Understand the foundational framework for preparing and presenting general purpose financial statements in Sri Lanka.

  • LKAS 1: Presentation of Financial Statements
  • LKAS 7: Statement of Cash Flows
  • LKAS 8: Accounting Policies, Changes in Accounting Estimates and Errors
Module 2: Assets

Non-Current & Current Assets

Learn the recognition, measurement, and disclosure requirements for various types of corporate assets.

  • LKAS 2: Inventories
  • LKAS 16: Property, Plant and Equipment
  • LKAS 38: Intangible Assets
  • LKAS 36: Impairment of Assets
Module 3: Revenue & Leases

Modern SLFRS Applications

Master the latest, complex standards for recognizing revenue from customer contracts and handling lease agreements.

  • SLFRS 15: Revenue from Contracts with Customers
  • SLFRS 16: Leases
  • LKAS 21: The Effects of Changes in Foreign Exchange Rates
Module 4: Financial Instruments

Recognition & Measurement

Navigate the complexities of financial assets, financial liabilities, and hedge accounting under the new guidelines.

  • SLFRS 9: Financial Instruments
  • LKAS 32: Financial Instruments: Presentation
  • SLFRS 7: Financial Instruments: Disclosures
Module 5: Group Accounts

Consolidation & Investments

Techniques and rules for preparing consolidated financial statements for parent companies and subsidiaries.

  • SLFRS 10: Consolidated Financial Statements
  • SLFRS 11: Joint Arrangements
  • LKAS 28: Investments in Associates and Joint Ventures
Module 6: Specialized Areas

Industry-Specific Standards

Explore standards applying to specific sectors or unique accounting scenarios within the Sri Lankan context.

  • LKAS 41: Agriculture
  • SLFRS 17: Insurance Contracts
  • LKAS 12: Income Taxes

Ready to Become an SLFRS Expert?

Enroll in the full course to get access to detailed video lectures, practical case studies, and mock exams designed to ensure your professional success.