Browsing by Author "Fonseka, M"

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    The development of public sector accounting and financial reporting in Sri Lanka
    (researchgate.net, 2015) Nagendrakumar, N; Fonseka, M; Dissanayake, K
    Accrual accounting practices in private sector and cash accounting practices in public sector are unconsciously institutionalized. However, in the recent past the Association of Public Finance Accountants of Sri Lanka, which became the public sector wing of the Institute of Chartered Accountants of Sri Lanka in 2012, has initiated accrual accounting practices to the public sector in the country. Authors, adopting Institutional Theory as theoretical lens and using semistructured interviews, attempt to explain the recent developments in Public Sector Accounting and Financial Reporting Practices in Sri Lanka. The study finds that mimetic practices played a dominant role and the normative and coercive practices seemed poor in making the accrual accounting practices a success in the public entities and further the study concludes that the Public Sector Accrual Accounting Practices are still open to debate and research.
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    PublicationOpen Access
    Do Institutional Pressures Matter in Development? A case of Introduction of Accrual Accounting Practices to the Public Sector in Sri Lanka
    (researchgate.net, 2015-11) Nagendrakumar, N; Fonseka, M; Dissanayake, K
    The public sector in Sri Lanka, in the recent past, has taken steps to transform its accounting practices from cash to accrual. This paper tries to answer whether the institutional pressures: Coercive, normative and mimetic had any bearing on such developments in introducing the accrual accounting practices to the public sector in the island. As a result, authors, adopting Institutional Theory as theoretical lens and using semi-structured interviews, attempt to explain how and in what manner the institutional pressures count the development. The study found that the normative pressure was the fundamental and mimetic pressure became the descendant in initiating the accrual accounting practices to the public sector. Further the study found that the coercive pressure lacks in implementing the accrual accounting practices in the public entities.