Search results
Results From The WOW.Com Content Network
The International Accounting Standards Committee ( IASC) was founded in June 1973 in London at the initiative of Sir Henry Benson, former president of the Institute of Chartered Accountants in England and Wales. The IASC was created by national accountancy bodies from a number of countries with a view to harmonizing the international diversity ...
The Government of Sri Lanka ( GoSL) ( Sinhala: ශ්රී ලංකා රජය, romanized: Śrī Lankā Rajaya; Tamil: இலங்கை அரசாங்கம்) is a Semi-presidential republic determined by the Sri Lankan Constitution. It administers the island from both its commercial capital of Colombo and the administrative ...
t. e. International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). [ 1] They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable ...
On 29 July 1987, Indo-Sri Lanka Accord was signed between Indian Prime Minister Rajiv Gandhi and Sri Lankan President J.R. Jayewardene which stated the devolution of powers to the provinces. [3] Hence on 14 November 1987 the Sri Lankan Parliament passed the 13th Amendment to the 1978 Constitution of Sri Lanka and the Provincial Councils Act No ...
Sethusamudram Shipping Channel Project. Sethusamudram Shipping Canal Project ( lit. ' Setu Ocean Shipping Canal Project') is a proposed project to create a shipping route in the shallow straits between India and Sri Lanka. This would provide a continuously navigable sea route around the Indian Peninsula. The channel would be dredged in the ...
IAS 37 was originally issued by the International Accounting Standards Committee in 1998, superseding IAS 10: Contingencies and Events Occurring after the Balance Sheet Date, and was adopted by the IASB in 2001. [ 1] It was seen as an "important development" in accounting as it regulated the use of provisions, minimising their abuse such as in ...
Tea production is one of the main sources of foreign exchange for Sri Lanka, and accounts for 2% of GDP, contributing over US$1.3 billion in 2021 to the economy of Sri Lanka. [ 1] It employs, directly or indirectly, over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates.
Tourism is a key industry that attracts international tourists yearly. Foreigners visit Sri Lanka to see nature, wildlife, historical monuments, and indigenous culture. In 2018, tourist arrivals peaked at 2.5 million, who spent a total of US$5.6 billion in the country. However, the COVID-19 pandemic caused tourist numbers to decrease by 92% in ...