SLIIT Conference and Symposium Proceedings
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All SLIIT faculties annually conduct international conferences and symposiums. Publications from these events are included in this collection.
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Publication Open Access Exploring the Impact of Sustainable Financial Practices on Perceived Business Development and the Challenges Faced by Small Entrepreneurs in Implementing those Practices(ICSDB 2024 and SLIIT Business School, 2024-12-10) Kumari, T. S.; Abeysekara, R.This qualitative study explores the impact of sustainable financial practices on perceived business development and identifies the challenges faced by small entrepreneurs in implementing these practices within the Colombo District, Sri Lanka. An inductive approach and interpretivist paradigm were employed, utilizing in-depth interviews with 20 small-scale entrepreneurs across 10 industries selected through purposive judgmental sampling. Thematic analysis of the data revealed that sustainable financial practices significantly contribute to market expansion, revenue growth, improved resource management, and brand recognition while aiding in overcoming challenges. However, small entrepreneurs face obstacles such as balancing shortterm financial needs with long-term sustainability, external environmental factors, and managing stakeholder expectations. The findings provide valuable insights into the benefits and barriers of sustainable financial practices, highlighting the need for strategic planning, stakeholder communication, and innovative funding solutions to foster business development.Publication Open Access Impact to the Quantity Surveyors Due to the Current Economic Crisis in Sri Lanka(Sri Lanka Institute of Information Technology, 2023-03-25) Manawasinghe, S.I; Gunarathna, N; Perera, SThis research focuses on the impact to the Quantity Surveyors due to the current economic crisis in Sri Lanka. The Easter bomb attack, covid 19 pandemic, and political instability can be seen as the proximate causes of the current economic crisis, while there were many structural issues of the local economy which had paved way for the same. As a developing country, the crisis had a stronger impact on the construction industry than other industries of the economy. The main reasons for the collapse of the construction industry are the suspension of construction projects by the government, the increase in the price of construction materials, the lack of investors to invest in new projects, and bottlenecks in terms of wrong policy directives. The professionals in the construction industry were severely impacted by the downfall. Among the professionals in the construction industry, this study focusses on QSs- (Quantity Surveyors). Thirty (30) semi-structured interviews were carried out in terms of data gathering. The survey findings demonstrated the type of organization and working experience of QSs. The collected data were analyzed using techniques of thematic analysis. Moreover, the findings identified factors which were the challenges due to current economic crisis and proposed strategies to help overcome those challengesPublication Open Access Keynote Address-1: Multi-scale Experimentation and Modeling for Problem Solution in Water and Environmental Systems – Challenges and Opportunities(Sri Lanka Institute of Information Technology, 2023-03-25) Illangasekare, TMeeting the increasing needs of a growing world population, exacerbated by climate change, will continually challenge water and environmental scientists and engineers for years to come. Theoretical, modeling, computational advances, and monitoring and characterization technologies will help meet some of these challenges. Field and laboratory studies for conceptualization, hypothesis testing, and modeling have continued to advance the sciences. However, the data to study some problems cannot always be obtained in the field where many factors contribute to the uncertainty of measurements and model parameter estimates. The primary thesis of this talk is that laboratory experiments conducted at multiple test scales in conjunction with multi-scale models will provide new insights into complex processes and accurate data for reliable predictions. Design and implementation of theory-driven experiments from examples of groundwater contamination, carbon dioxide storage to mitigate global warming, and land/atmospheric interactions applied to food security are presented to show how advances can be made for practical problem solutions. A case is made that addressing water and environmental problems requires laboratory and field studies and modeling interaction. Further, water and environmental scientists and engineers must work in multidisciplinary teams at the disciplinary interfaces of earth, water, energy, and the environment to address current and emerging local and global problems of water and the environment.Publication Embargo Commercialization of Dracaena Sanderiana (Lucky Bamboo) as a Foliage Crop in Hambanthota District of Sri Lanka(Faculty of Humanities and Sciences, SLIIT, 2022-09-15) Anuruddi, H.I.G.K.; Fonseka, D.L.C.K.Dracaena sanderiana is an in-demand cut foliage plant belongs to family Agavaceae. Dracaena varieties are commercially produced in export-oriented large scale plantations in Sri Lanka. The crop is mainly cultivated in the wet zone due to the favourable growth conditions which enhance the export quality characteristics of the plant. The climatic conditions in the dry zone is also favourable for its growth under appropriate conditions. But the supply of the crop still falls short of the demand. A survey was conducted to identify possibilities of introducing Dracaena as a future commercial foliage to the Hambantota district. Randomly selected 40 flower growers from selected divisional secretariat divisions (DSD) in Hambantota were interviewed administrating a pre-tested questionnaire during early 2022. Data were subjected to a percentage analysis while descriptive statistical methods were used to represent the results using Microsoft Excel. According to the survey, bulk of them (60%) continue floriculture business as a full time employment. Middle aged women work in floriculture enterprises in large numbers. The majority of responders (70%), are willing to incorporate Dracaena as a fresh floriculture produce for their nurseries. Fifty percent of them have additional land with natural shade up to 0.25 acres, which is possible to utilize for Dracaena cultivation with proper intervention. Sixty percent of them stated that they prefer to train on value addition of Dracaena plants by knitting. Fifteen percent (15%) of them possess shade net houses and other infrastructure in place. An export-oriented Dracaena producer society in Beliatta DSDs is ready to impart its knowledge and offer advice to novice producers. The need of marketing the products collectively to reduce transportation costs is understood by the respondents. The initial investments on growth structures and irrigation pose a significant challenge. A majority of growers (70%) anticipate receiving financial assistance from the government. A lack of awareness of the crop, low availability of planting materials, high transportation costs along with high prices of fertilizer and fungicides in the markets were other challenges. It is necessary to provide finance support, trading facilities, production aid, and awareness and training initiatives to introduce D. sanderiana as a lucrative crop for the Hambantota district.Publication Embargo COVID-19 MODIFYING THE DYNAMICS OF FINANCIAL REPORTING: AN EXPLORATORY STUDY(SLIIT Business School, 2019-12-10) Nagendrakumar, N.; Lokeshwara, A.A.; Naresh, R.; Abeywickrama, D.P.; Hewaarachchi, S.H.; Edirisinghe, A.M.I.E.The COVID-19 pandemic has influenced many business sectors worldwide, including the Accounting and Finance reporting perspectives. This motivated the researchers to investigate how the pandemic has affected the financial reporting of listed companies in the Sri Lankan context. It was evidenced that the empirical studies on the influence of COVID-19 on corporate financial reports based on accounting standards and techniques are still in the beginning stages; therefore, this paper sets the foundation in bridging the existing knowledge gap by examining how Covid-19 has modified the dynamics of financial reporting. This study is exploratory in nature, and the researchers adopted interpretivism philosophy and have used an inductive approach in conducting the research. The case study method was adapted, where in-depth and semi-structured interviews were applied to collect data. The study population is one hundred and fifty-eight (158) companies consisting of six (6) sectors: Banking, Materials, Consumer services, Diversified financials, Capital goods, and Telecommunication in Colombo Stock Exchange, out of which seven (7) sub-cases were chosen under the purposive sampling technique and the collected data were analyzed on thematic procedures using the Wordcloud analysis tool. Based on the findings, it was revealed that reporting aspects of different sectors were influenced differently by COVID- 19. LKAS 1(Going concern), LKAS 2 (Inventory), LKAS 16 (Cost of depreciation), SLFRS 13 (Fair value measurement) are a few of the standards generally mentioned by the respondents. The result of this study contributes to filling the existing knowledge gap and will be a value addition to contemporary academia.Publication Embargo Issues and Challenges faced by Students from Single-Parent Households in Their Academic Performance at Senior Secondary Level.(Faculty of Humanities and Sciences,SLIIT, 2021-09-25) Perera, L. I. SAn increase in single-Parent household is noticeable in the contemporary society. Academic performance of the students living in single-parent households is affected negatively at large. Therefore, this study aims to discover the issues and challenges that single-parented students face in their academic performance at the senior secondary level. A stratified random sampling method was used and the sample size was 100 senior secondary students from singleparent households from the Moratuwa Educational Division. Three self-developed questionnaires were administered to collect data. Secondary data was collected through test scores and school-based assessments. Descriptive statistics such as frequency counts, percentage and standard deviation were computed. The main conclusion of the study is that the issues and challenges that singleparented senior secondary students face have adverse effects on their academic performance. If these issues and challenges are addressed accurately and deliberately, the senior secondary students' academic performance can be improved. This study recommends that groundlevel stakeholders like school administration, teachers, welfare societies, and educational counsellors pay their attention and help singleparents and their children to cope with their situations and enhance their academic performance.