Research Papers - Dept of Information of Management

Permanent URI for this collectionhttps://rda.sliit.lk/handle/123456789/607

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Has files: YesSubject: search.filters.subject.Accrual Accounting

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    Applicability of Sri Lanka public sector accounting standards: Trincomalee urban council, Sri Lanka
    (Faculty of Management and Commerce, South Eastern University of Sri Lanka., 2015-10) Nagendrakumar, N
    Though the Sri Lankan Local Governments were introduced with the accrual based Public Sector Accounting Standards from 2009 they have not been implemented yet. As a result, the present study focuses why it has been a failure and sees the applicability of the standards to the Local Governmental set up in Sri Lanka. The Urban Council of Trincomalee city was selected as the case for study and semi structured interviews were conducted. The study concludes that since the accounting system (Wickramanayake’s accounting system) already in place was based on accrual principles, the application of accrual based accounting standards are possible provided that the staffs’ professional expertise is improved to the level expected
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    PublicationOpen Access
    Country Specific Factors: Public Sector Accounting and Financial Reporting Reforms in Sri Lanka
    (researchgate.net, 2018-07) Nagendrakumar, N
    New Public Management led the world of the public sector - including Sri Lanka - to switch on to the accrual-based accounting which is referred to as Public Sector Accounting and Financial Reporting reforms. However, it was noted that most of such reform activities have failed. Besides, irrespective of failure recorded Sri Lanka continues with the reform process. This postures the research problem of what factor(s) forces Sri Lanka to endure the reform. As a result, this study in general attempts to hoist the factors that determine the reform and precisely attempts to elevate the country specific factors of the phenomenon in Sri Lankan context based on qualitative methodology employing semi-structured interviews. The data were analyzed using thematic analysis method. The study found that though most of the universal and countryspecific factors are negatively influence the reform in Sri Lanka it is compelled to reform since ‘change of country status’ dictates.