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Accounting Standards
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ACCOUNTING STANDARDS
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ACCOUNTING STANDARDS
The Conceptual Framework for Financial Reporting
The Conceptual Framework for Financial Reporting
LKAS 26 - Accounting and Reporting by Retirement Benefit Plans
SRI LANKA ACCOUNTING STANDARDS CHANGES WITH EFFECT FROM 01ST JANUARY 2021
SRI LANKA ACCOUNTING STANDARDS CHANGES WITH EFFECT FROM 01ST JANUARY 2022
SRI LANKA ACCOUNTING STANDARDS CHANGES WITH EFFECT FROM 01ST JANUARY 2022
SRI LANKA ACCOUNTING STANDARDS CHANGES WITH EFFECT FROM 01ST JANUARY 2022
LKAS 41 - Agriculture
LKAS 40 - Investment Property
LKAS 39 - Financial Instruments: Recognition and Measurement
LKAS 38 - Intangible Assets
LKAS 37 - Provisions, Contingent Liabilities and Contingent Assets
LKAS 36 - Impairment of Assets
LKAS 34 - Interim Financial Reporting
LKAS 33 - Earnings per Share
LKAS 32 - Financial Instruments: Presentation
LKAS 29 - Financial Reporting in Hyper-inflationary Economies
LKAS 28 - Investments in Associates and Joint Ventures
LKAS 27 - Separate Financial Statements
LKAS 26 - Accounting and Reporting by Retirement Benefit Plans
LKAS 24 - Related Party Disclosures
LKAS 23 - Borrowing Costs
LKAS 21 - The Effects of Changes in Foreign Exchange Rates
LKAS 20 - Accounting for Government Grants and Disclosure of Government Assistance
LKAS 19 - Employee Benefits
LKAS 16 - Property, Plant & Equipment
LKAS 12 - Income Taxes
LKAS 10 - Events after the Reporting Period
LKAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
LKAS 7 - Statement of Cash Flows
LKAS 2 - Inventories
LKAS 1 - Presentation of Financial Statements
SLFRS 16 - Leases
SLFRS 15 - Revenue from Contract with Customers
SLFRS 14 - Regulatory Deferral Accounts
SLFRS 13 - Fair Value Measurement
SLFRS 12 - Disclosure of Interests in Other Entities
SLFRS 11 - Joint Arrangements
SLFRS 10 - Consolidated Financial Statements
SLFRS 9 - Financial Instruments
SLFRS 8 - Operating Segments
SLFRS 7 - Financial Instruments: Disclosure
SLFRS 6 - Exploration for and Evaluation of Mineral Resources
SLFRS 5 - Non-current Assets Held for Sale and Discontinued Operations
SLFRS 4 - Insurance Contracts
SLFRS 3 - Business Combinations
SLFRS 2 - Share-based Payment
SLFRS 1 - First-time Adoption of Sri Lanka Accounting Standards (SLFRSs)
The Conceptual Framework for Financial Reporting
SIC 31 Revenue - Barter Transactions Involving Advertising Services (superseded by IFRS 15 as of 1 January 2018)
IFRIC 4 Determining whether an Arrangement Contains a Lease (superseded by IFRS 16 as of 1 January 2019)
The Conceptual Framework for Financial Reporting
SLFRS 9 – Financial Instruments
SLFRS 16 - Leases
SLFRS 15 - Revenue from Contract with Customers
SLFRS 14 - Regulatory Deferral Accounts
SLFRS 13 - Fair Value Measurement
SLFRS 12 - Disclosure of Interests in Other Entities
SLFRS 11 - Joint Arrangements
SLFRS 10 - Consolidated Financial Statements
SLFRS 8 - Operating Segments
SLFRS 7 - Financial Instruments Disclosure
SLFRS 6 - Exploration for and Evaluation of Mineral Resources
SLFRS 5 - Non-current Assets Held for Sale and Discounted Operations
SLFRS 4 - Insurance Contracts
SLFRS 3 - Business Combinations
SLFRS 2 - Share-based Payment
SLFRS 1 - First-time Adoption of SLFRSs
LKAS 41 - Agriculture
LKAS 40 - Investment Property
LKAS 39 - Financial Instruments Recognition and Measurement
LKAS 38 - Intangible Assets
LKAS 37 - Provisions Contingent Liabilities and Contingents Assets
LKAS 36 - Impairment of Assets
LKAS 34 - Interim Financial Reporting
LKAS 33 - Earnings per Share
LKAS 32 - Financial Instruments Presentation
LKAS 29 - Financial Reporting in Hyperinflationary Economies
LKAS 28 - Investments in Associates and Joint Ventures
LKAS 27 - Separate Financial Statements
LKAS 26 - Accounting and Reporting by Retirement Benifit Plans
LKAS 24 - Related Party Disclosures
LKAS 23 - Borrowing Costs
LKAS 21 - The Effects of Changes in Foreign Exchange Rates
LKAS 20 - Accounting for Government Grants and Disclosure of Government Assistance
LKAS 19 - Employee Benefits
LKAS 16 - Property Plant & Equipment
LKAS 12 - Income Taxes
LKAS 10 - Events after the Reporting Period
LKAS 8 - Accounting Policies Changes in Accounting Estimates and Errors
LKAS 7 - Statement of Cash Flows
LKAS 2 - Inventories
LKAS 2 - Inventories
LKAS 1 - Presentation of Financial Statments
Sri Lanka Accounting Standards - Bound Volume 2019
Sri Lanka Accounting Standards - Bound Volume 2019
SLFRS 15-Revenue from Contracts with Customers
SLFRS 14-Regulatory Deferral Accounts
SLFRS 13-Fair Value Measurement
SLFRS 12-Disclosure of Interests in Other Entities
SLFRS 11-Joint Arrangements
SLFRS 10-Consolidated Financial Statements
SLFRS 9-Financial Instruments
SLFRS 8-Operating Segments
SLFRS 7-Financial Instruments Disclosures
SLFRS 6-Exploration for and Evaluation of Mineral Resources
SLFRS 5-Non-current Assets Held for Sale and Discontinued Operations
SLFRS 4-Insurance Contracts
SLFRS 3-Business Combinations
SLFRS 2-Share-based Payment
SLFRS 1-First-time Adoption of Sri Lanka Accounting Standards
LKAS 41-Agriculture
LKAS 40-Investment Property
LKAS 39-Financial Instruments
LKAS 38-Intangible Assets
LKAS 37-Provisions, Contingent Liabilities and Contingent Assets
LKAS 36-Impairment of Assets
LKAS 34-Interim Financial Reporting
LKAS 33-Earnings per Share
LKAS 32-Financial Instruments Presentation
LKAS 29-Financial Reporting in Hyperinflationary Economies
LKAS 28-Investments in Associates and Joint Ventures
LKAS 27-Separate Financial Statements
LKAS 26-Accounting and Reporting by Retirement Benefit Plans
LKAS 24-Related Party Disclosures
LKAS 23-Borrowing Costs
LKAS 21-The Effects of Changes in Foreign Exchange Rates
LKAS 20-Accounting for Government Grants and Disclosure of Government Assistance
LKAS 19-Employee Benefits
LKAS 17-Leases
LKAS 16-Property, Plant and Equipment
LKAS 12-Income Taxes
LKAS 10-Events after the Reporting Period
LKAS 8-Accounting Policies, Changes in Accounting Estimates and Errors
LKAS 7-Statement of Cash Flows
LKAS 2-Inventories
LKAS 1-Presentation of Financial Statements
Changes of SLFRSs - 2017 Vs 2018
LKAS 41-Agriculture
LKAS 40-Investment Property
LKAS 39-Financial Instruments Recognition and Measurement
LKAS 38-Intangible Assets
LKAS 37-Provisions, Contingent Liabilities and Contingent Assets
LKAS 36-Impairment of Assets
LKAS 34-Interim Financial Reporting
LKAS 33-Earnings per Share
LKAS 32-Financial Instruments Presentation
LKAS 29-Financial Reporting in Hyperinflationary Economies
LKAS 28-Investments in Associates and Joint Ventures
LKAS 27-Separate Financial Statements
LKAS 26-Accounting and Reporting by Retirement Benefit Plans
LKAS 24-Related Party Disclosures
LKAS 23-Borrowing Costs
LKAS 21 - The Effects of Changes in Foreign Exchange Rates
LKAS 20-Accounting for Government Grants and Disclosure of Government Assistance
LKAS 19 (revised)-Employee Benefits
LKAS 18 (revised)-Revenue
LKAS 17 (revised)-Leases
LKAS 16-Property, Plant and Equipment
LKAS 12 (revised)-Income Taxes
LKAS 11-Construction Contracts
LKAS 10 - Events after the Reporting Period
LKAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
LKAS 7 - Statement of Cash Flows
LKAS 2 (revised) – Inventories
LKAS 1 - Presentation of Financial Statements
LKAS 1 - Presentation of Financial Statements
LKAS 2 (revised) – Inventories
LKAS 1 - Presentation of Financial Statements
SLFRS 14-Regulatory Deferral Accounts
SLFRS 13-Fair Value Measurement
SLFRS 12-Disclosure of Interests in Other Entities
SLFRS 11-Joint Arrangements
SLFRS 10-Consolidated Financial Statements
SLFRS 8-Operating Segments
SLFRS 7-Financial Instruments Disclosures
SLFRS 6-Exploration for and Evaluation of Mineral Resources
SLFRS 5-Non-current Assets Held for Sale and Discontinued Operations
SLFRS 4-Insurance Contracts
SLFRS 3-Business Combinations
SLFRS 2-Share-based Payment
SLFRS 1-First time Adoption of Sri Lanka Accounting Standards
Conceptual Framework for Financial Reporting
Request for Information on Amendments to IFRS for SMEs
Rulings on BBA, Comparative Figures in the Interim FS and Application of IFRIC 15
SoRP for Not for Profit Organizations
LKAS 41 - Agriculture
LKAS 40 - Investment Property
LKAS 39 - Financial Instruments Recognition and Measurement
LKAS 38 - Intangible Assets
LKAS 37 - Provisions, Contingent Liabilities and Contingent Assets
LKAS 36 - Impairment of Assets
LKAS 34 - Interim Financial Reporting
LKAS 33 - Earnings per Share
LKAS 32 - Financial Instruments Presentation
LKAS 29 - Financial Reporting in Hyperinflationary Economies
LKAS 28 - Investments in Associates and Joint Ventures
LKAS 27 - Separate Financial Statements
LKAS 26 - Accounting and Reporting by Retirement Benefit
LKAS 24 - Related Party Disclosures
LKAS 23 - Borrowing Costs
LKAS 21 - The Effects of Changes in Foreign Exchange Rates
LKAS 20 - Accounting for Government Grants and Disclosure of Govt Assistance
LKAS 19 - Employee Benefits
LKAS 18 - Revenue
LKAS 17 - Leases
LKAS 16 - Property, Plant and Equipment
LKAS 12 - Income Taxes
LKAS 11 - Construction Contracts
LKAS 10 - Events after the Reporting Period
LKAS 8 -Accounting Policies, Changes in Accounting Estimates and Errors
LKAS 7 - Statement of Cash Flows
LKAS 2 - Inventories
LKAS 1 - Presentation of Financial Statements
SLFRS 14 - Regulatory Deferral Accounts
SLFRS 13 - Fair Value Measurement
SLFRS 12 - Disclosure of Interests in Other Entities
SLFRS 11 - Joint Arrangements
SLFRS 10 - Consolidated Financial Statements
SLFRS 8 - Operating Segments
SLFRS 7 - Financial Instruments Disclosures
SLFRS 6 - Exploration for and Evaluation of Mineral Resources
SLFRS 5 - Non-current Assets Held for Sale and Discontinued Operations
SLFRS 4 - Insurance Contracts
SLFRS 3 - Business Combinations
SIC 29 – Service Concession Arrangements Disclosures
Annexure
LKAS 41 – Agriculture
LKAS 40 – Investment Property
LKAS 39 – Financial Instruments-Recognition & Measurement
LKAS 38 – Intangible Assets
LKAS 37 – Provisions, Contingent Liabilities & Contingent Assets
LKAS 36 – Impairment of Assets
LKAS 34 – Interim Financial Reporting
LKAS 33 – Earnings per Share
LKAS 32 – Financial Instruments-Presentation
LKAS 31 – Interests in Joint Ventures
LKAS 29 – Financial Reporting in Hyperinflationary Economies
LKAS 28 – Investments in Associates
LKAS 27 – Consolidated & Separate Financial Statements
LKAS 26 – Accounting & Reporting by Retirement Benefit Plans
LKAS 24 – Related Party Disclosures
LKAS 23 – Borrowing Costs
LKAS 21 – The Effect of Changes in Foreign Exchange Rates
LKAS 20 – Accounting for Government Grants & Disclosure of Government Assistance
LKAS 19 – Employee Benefits
LKAS 18 – Revenue
LKAS 17 – Leases
LKAS 16 – Property Plant & Equipment
LKAS 12 – Income Taxes
LKAS 11 – Construction Contracts
LKAS 10 – Events after the Reporting Period
LKAS 8 – Accounting Policies, Changes in Accounting Estimates & Errors
LKAS 7 – Statement of Cash Flows
LKAS 2 – Inventories
LKAS 1 – Presentation of Financial Statements
SLFRS 8 – Operating Segments
SLFRS 7 – Financial Instruments-Disclosures
SLFRS 6 – Exploration for and Evaluation of Mineral Resources
SLFRS 5 – Non-current Assets Held for Sale & Discontinued Operations
SLFRS 4 – Insurance Contracts
SLFRS 3 – Business Combinations
SLFRS 2 – Share-based Payment
SLFRS 1 – First-time Adoption of International Financial Reporting Standards
Framework for the Preparation and Presentation of financial Statements
Preface
Status of Sri Lanka Accounting Standards VIS-A-VIS International Accounting Standards
Foreword
President s Message to 2011 Edition
Bound Volume
Sri Lanka Accounting Standards – Changes with effect from 01 January 2012
LKAS 41 - Agriculture
LKAS 40 - Investment Property
LKAS 39 - Financial Instruments Recognition and Measurement
LKAS 38 - Intangible Assets
LKAS 37 - Provisions, Contingent Liabilities and Contingent Assets
LKAS 36 - Impairment of Assets
LKAS 34 - Interim Financial Reporting
LKAS 33 - Earnings per Share
LKAS 32 - Financial Instruments Presentation
LKAS 29 - Financial Reporting in Hyper inflationary Economies
LKAS 28 - Investments in Associates and Joint Ventures
LKAS 27 - Separate Financial Statements
LKAS 26 - Accounting and Reporting by Retirement
LKAS 24 - Related Party Disclosures
LKAS 23 - Borrowing Costs
LKAS 21 - The Effects of Changes in Foreign Exchange Rates
LKAS 20 - Accounting for Government Grants and Disclosure of Government Assistance
LKAS 19 - Employee Benefits
LKAS 18 - Revenue
LKAS 17 - Leases
LKAS 16 - Property, Plant and Equipment
LKAS 12 - Income Taxes
LKAS 11 - Construction Contracts
LKAS 10 - Events after the Reporting Period
LKAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
LKAS 7 - Statement of Cash Flows
LKAS 2 - Inventories
LKAS 1 - Presentation of Financial Statements
SLFRS 13 - Fair Value Measurement
SLFRS 12 - Disclosure of Interests in Other Entities
SLFRS 11 - Joint Arrangements
SLFRS 10 - Consolidated Financial Statements
SLFRS 8 - Operating Segments
SLFRS 7 - Financial Instruments Disclosures
SLFRS 6 - Exploration for and Evaluation of Mineral Resources
SLFRS 5 - Non-current Assets Held for Sale and Discontinued Operations
SLFRS 4 - Insurance Contracts
SLFRS 3 - Business Combinations
SLFRS 2 - Share-based Payment
SLFRS 1 - First-time Adoption of Sri Lanka Accounting Standards
Conceptual Framework
Sri Lanka Accounting Standards changes with effect from 1st January 2013
Sri Lanka Accounting Standard - SLFRS 13
Sri Lanka Accounting Standard - SLFRS 12
Sri Lanka Accounting Standard - SLFRS 11
Sri Lanka Accounting Standard - SLFRS 10
Sri Lanka Accounting Standard - SLFRS 8
Sri Lanka Accounting Standard - SLFRS 7
Sri Lanka Accounting Standard - SLFRS 6
Sri Lanka Accounting Standard - SLFRS 5
Sri Lanka Accounting Standard - SLFRS 4
Sri Lanka Accounting Standard - SLFRS 3
Sri Lanka Accounting Standard - SLFRS 2
Sri Lanka Accounting Standard - SLFRS 1
Sri Lanka Accounting Standard - LKAS 41
Sri Lanka Accounting Standard - LKAS 40
Sri Lanka Accounting Standard - LKAS 39
Sri Lanka Accounting Standard - LKAS 38
Sri Lanka Accounting Standard - LKAS 37
Sri Lanka Accounting Standard - LKAS 36
Sri Lanka Accounting Standard - LKAS 34
Sri Lanka Accounting Standard - LKAS 33
Sri Lanka Accounting Standard - LKAS 32
Sri Lanka Accounting Standard - LKAS 29
Sri Lanka Accounting Standard - LKAS 28
Sri Lanka Accounting Standard - LKAS 27
Sri Lanka Accounting Standard - LKAS 26
Sri Lanka Accounting Standard - LKAS 24
Sri Lanka Accounting Standard - LKAS 23
Sri Lanka Accounting Standard - LKAS 21
Sri Lanka Accounting Standard - LKAS 20
Sri Lanka Accounting Standard - LKAS 19
Sri Lanka Accounting Standard - LKAS 18
Sri Lanka Accounting Standard - LKAS 17
Sri Lanka Accounting Standard - LKAS 16
Sri Lanka Accounting Standard - LKAS 12
Sri Lanka Accounting Standard - LKAS 11
Sri Lanka Accounting Standard - LKAS 10
Sri Lanka Accounting Standard - LKAS 8
Sri Lanka Accounting Standard - LKAS 7
Sri Lanka Accounting Standard - LKAS 2
Sri Lanka Accounting Standard - LKAS 1
Conceptual Framework
SLFRS 2 - Share-based Payment
SLFRS 1 - First-time Adoption of SLFRSs
Conceptual Framework
Sri Lanka Accounting Standards changes with effect from - 01st January 2016