Volume 03 - 2016
http://repository.kln.ac.lk/handle/123456789/12171
2024-03-29T00:00:46ZClassification of Non-Current Asset as Held for Sale
http://repository.kln.ac.lk/handle/123456789/12213
Classification of Non-Current Asset as Held for Sale
Perera, E.A.S.M.; Rathnairi, U.A.H.A.
XYZ (Pvt) Ltd is a subsidiary of ABC (Pvt) Ltd which is the main agent of A&B
PLC. The company has been acted as an agent for selling Easy Cash, Reloads and
Dongles of A&B PLC. The head office is located in Colombo 03 and there are 44
outlets in Sri Lanka. The company has a building which was occupied as the main
outlet and store which is located in Colombo 04. Later it was unoccupied and
management has decided to sell that unoccupied land and building.
But the company has recognized in the statement of financial position as a Non-
Current Asset. The asset had been depreciated and depreciation has been
charged to Income Statement as well.
2016-01-01T00:00:00ZMeasurement and Recognition of Government Loans at a Below Market Rate of Interest
http://repository.kln.ac.lk/handle/123456789/12212
Measurement and Recognition of Government Loans at a Below Market Rate of Interest
Nawarathna, H.A.V.S.K.; Rathnasiri, U.A.H.A.
Public and private hospitals are funded from a range of different sources,
reflecting the types of patients they treat and the services they provide.
ABC is a Private hospital has been established itself as the one of the best
hospitals in Sri Lanka with a mission to provide wide-range of healthcare
facilities to all sections of the society in Sri Lanka.
2016-01-01T00:00:00ZRecognition of Non-Current Assets
http://repository.kln.ac.lk/handle/123456789/12211
Recognition of Non-Current Assets
Nawaneliya, M.M.A.E.; Wijesinghe, K.D.G.N.
ABC (Pvt) Ltd. is a member of PQR Group which can be categorized under
Service industry. ABC (Pvt) Ltd. offers civil construction, mechanical
engineering, electrical engineering and other specialized engineering services.
Company has a separate section which is called as CNC Mold section. It has a
large CNC Mold Machine with the special Steel floor and high power supply
Transformer. The company considered steel floor and transformer are
components of the CNC machine and the company Statement of Financial
Position has shown the cost of machine with the cost of steel floor and high
power supply Transformer.
2016-01-01T00:00:00ZRelated Party Recognition
http://repository.kln.ac.lk/handle/123456789/12210
Related Party Recognition
Herath, H.W.M.A.; Thilakarathna, C.R.
ABC Limited is a limited liability Company incorporated in Sri Lanka under the
companies Act No 17 of 1982 and also ABC Limited is licensed by the Monetary
Board of the Central Bank of Sri Lanka under the Finance companies Act No 78
of 1988 and re-registered under the Companies Act No. 07 of 2007. The company
provides vast range of financial service which includes accepting deposits,
leasing, gold loans, hire purchase, pawn brokering and other financial services.
The company has accepted deposits from director’s relatives, and they have not
recognized those transaction as related party transaction according to central
bank direction as well LKAS 24.
2016-01-01T00:00:00Z