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Introduction to Sri Lanka Accounting Standards

Welcome to AccountingKuppiya.com | Free Accounting and Finance Lessons Provider. This is the lesson 01 of free accounting lessons that will be provided to you through www.Accountingkuppiya.com. Before discussing about Sri Lanka Accounting Standards directly I though to give some understanding on how accounting standards are being developed and who are the institutes and parties involved in the Local context as well as Global context . Before directly coming to the Accounting Standards I would like to explain the broader Picture of Accounting Standard ( Helicopter view). Accounting Profession is within the scope of Regulatory Framework of Financial Reporting of the country. Normally a Regulatory Framework Financial Reporting of a country refers to , sources of laws and regulations which is mainly consist of ; 1. Accounting Standards 2. Company Law 3. Stock Exchange Rules Local Context Sri Lankan GAAP (Generally Accepted Accounting Practice) includes the followin

How to Account for Cryptocurrency - Guidance Given by IASB

Introduction In present days, the topic "cryptocurrency" is a very familiar word to all of us. With the attention of few blue-chip companies in the usage of cryptocurrencies such as HSBC and SpaceX, this has become a very famous topic. As Accounting Professionals or Students, It's not enough to understand the meaning of the terminologies behind this cryptocurrency but also need to understand the working mechanism behind it to make effective decisions and make financial benefits both personally and as an organization. Simply a Cryptocurrency is a digital currency based on cryptography (encrypted Algorithms). Cryptography works as Security which makes it difficult to counterfeit. Be careful I have used the Phrase "Make it Difficult" not to avoid since still, we do not know A to Z about the Negatives of these Cryptocurrencies. Cryptocurrency works using a technology called " Blockchain ". What are the Most Famous Cryptocurrencies in the World as of Toda

Most important 250+ Excel Shortcuts for Finance and Accounting Professionals and Students

Most important 250+ Excel Shortcuts for Finance and Accounting Professionals and Students Microsoft Excel has become an essential tool for all finance and accounting professionals & Students due to its convenience in use and superb customization ability. Specially auditors and accountants use MS Excel for their day-to-day documentation and work. Following is a " Must Know " List of MS Excel shortcuts for Finance Professionals which will save you time in the day to day work life. However, please keep in mind that you need to use these and practice in your day-to-day work to get used to them and achieve the expected fluency in using MS Excel shortcuts. File Related Shortcuts General Shortcuts Selection Related Shortcuts Navigation Related Shortcuts Select Special Shortcuts Cell Edit Shortcuts Entering Data Shortcuts Formatting Shortcuts Number Formatting Shortcuts Boarder Related Shortcuts Grid Operations Related Shortcuts Workbook Related Shortcuts Other Shortcuts -

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