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18
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Introduction
I am a Senior Lecturer in Accountancy at the Department of Accounting and Finance, South Eastern University of Sri Lanka. I am teaching Financial Accounting, Accounting Theory and Standards,Public Accounting and Finance, Commercial Law and Corporate Law. My research interests include accounting regulations, IFRS, distress prediction and capital market.
Current institution
Additional affiliations
October 2012 - January 2019
January 2012 - January 2019
Publications
Publications (18)
The purpose of this study is to investigate the impact of International Financial Reporting Standards (IFRS) adoption on key accounting ratios of firms listed in the Colombo Stock Exchange (CSE). The study also sought to test if the entity’s sector discriminates the impact that the IFRS adoption has on accounting ratios being evaluated. Descriptive...
The purpose of this study is to investigate the impact of International Financial Reporting Standard (IFRS) adoption on value relevance of accounting information in Sri Lanka by comparing value relevance of accounting information in pre- and post-IFRS adoption periods. This study employs Ohlson (1995, Contemporary Accounting Research, 11(2), 661–68...
The purpose of this study is to examine firms’ motives for reporting fixed assets at revalued amount. The study analysed 30 manufacturing firms listed in Colombo Stock Exchange (CSE) for a period of two years from 2012 to 2013, employing Mann–Whitney U test and bivariate and multivariate logistic regression. It is found that manufacturing firms ten...
Aims: The purpose of this study is to investigate the key energy and environmental issues that Sri
Lanka is to address under sustainable development agenda of the United Nations.
Study Design: This study reviewed relevant recent studies and reports published by government
and non-governmental sources on the issues in relation to selected sustainabl...
The purpose of this study is to investigate whether the IFRS adoption has significant
influence in the information content of current earning in determining current and
future operating cash flow of listed firms in Sri Lanka. The study employs nonmarket
value relevance model whereby the earning that is, profit after taxation is
regressed against cu...
The purpose of this study is to examine the perceived impact of International Financial Reporting Standards (IFRS) adoption and whether it relates to firms' characteristics. The study was conducted among all 62 companies listed in bank, finance and insurance sector at Colombo Stock Exchange (CSE) using questionnaires addressed to financial and acco...
The development and humanitarian assistance have become a vital area of public management and good governance. It was clearly evidenced that the level of response of the aid organizations in Sri Lanka on recent post disaster response have been poor causing wastage of aid resources, severe damages to the earlier recovery and development process and...
Conventional and commonly held wisdom with respect to the adoption of International Financial Reporting Standards (IFRS) is that they lead to improved financial reporting quality and comparability and thereby favorable economic consequences. There are however contradicting evidences disproving this conventional wisdom or rejecting its gross general...
The purpose of this review is to explore various approaches and perspectives that are currently being used by empirical studies reporting the impact of IFRS adoption in different jurisdictions around the globe. For this purpose to be better served, this study also presents at the outset an overview of the scope, objectives and current adoption stat...
The purpose of this study is to examine the relationship between liquidity and profitability of firms at hotels and travels sector in Sri Lanka. Cash conversion cycle (CCC) and its properties namely accounts receivable
outstanding days (AROD), accounts payable outstanding days (APOD) and inventory outstanding days (IOD)
have been used to explain li...
The purpose of this paper is to explore the relationship between and commonalities among recent empirical evidences reported on value relevance of accounting information of listed companies in Sri Lanka. This paper therefore reviews seven recent empirical studies conducted in Sri Lanka on value reverence of accounting information. The review finds...
Investigations of relationship between macro-economic factors and performance of stock markets at many emerging economies including that of Sri Lanka are relatively limited on one hand and required to be repeated as the underlying economic settings of such economies have rapidly changed over the years. Post war economic context and subsequent macro...
Investigations of relationship between macroeconomic factors and performance of stock markets at many emerging economies including that of Sri Lanka are relatively limited on one hand and required to be repeated as the underlying economic settings of such economies have rapidly changed over the years. Post war economic context and subsequent macroe...
The nature of Micro Small and Medium sized Enterprises (MSMEs) often creates obstacles in giving proper financial statement information for estimating credit risk. Alternative models for SME loan default prediction being suggested in literature employ non-accounting information as supplements to financial statement information-based models thereby...
Small Medium Enterprises (SMEs) in developing countries are subject to higher degree of information opacity causing substantive constrains on lenders in their pursuit of predicting credit risk associated with SME lending. Driven by this context, the lending for SMEs is often characterized as relationship lending and credit risk predictions therefor...
The debate on aid effectiveness has evolved into the core of multilateral and bilateral assistance. Proliferations of donors and aid fragmentation have caused tangible difficulties on achieving aid effectiveness. Though ample of global and country level aid coordination initiatives targeting aid effectiveness are getting momentum, aid operators see...
Questions
Questions (9)
The management discussions in annual reports of companies often contain information about future prospects of business. Such information are reported as accounting estimates, events or conditions etc. to occur mostly in favor of reporting entity. The degree of disclosures and categories of forward-looking information being reported significantly vary between firms which I believe may be characterized by inter alia some underlying conceptions that managers have on the relationship between forward-looking disclosures and firms value.
I am searching for latest text books on 'public accounting' written in the contexts of application of International Public Sector Accounting Standards (IPSAS).
EPS is the earning measure used in the Ohlson (1995) value relevance model. It is also traditionally held that that income statement is better summarized by EPS. Can it be generalized for whole jurisdictions?
Please share your thoughts about this question. There are IFRS studies that suggest that IFRS are very much beneficial to developing economies. In contrast, it is argued that IFRS are developed and amended mainly to suit to the developments in major/developed economies.
Testing the fixed effect model when we have few number of cross sections is convenient where we introduce dummy variable for each cross section. How can we manage this when we have large number cross sections? Please share with me the related sources.
Thank You,
HM.Nijam
It is argued that decision to revalue fixed assets is backed by various management motives which also include debt contracting, earning management etc. I hypothesize a relationship between the managements’ decision to revalue fixed assets and the quality of corporate governance of firms? Please share your thoughts and leanings/experience.
I want to know the decision relevance of information being reported in consolidated financial statements. Are there any empirical evidences? I could not find enough studies that have used relevance of 'consolidated' financial statements. Please share with me relevant empirical researches that have been reported in other jurisdictions.
I seek to investigate the economic motives and benefits behind the adoption of IPSAS.
Can financial distress prediction models be used to predict external audit opinions?
