Seminar on financial reporting

'Financial Reporting in compliance with accounting standards' a seminar to provide information about the financial position, performance, and changes in the financial position of an entity that is useful to a wider range of users in making economic decisions has been organized by the Skills Development Fund Ltd, which is a statutory body under the Vocational and Technical Training MInistry. This seminar will be held on May 15 at the Ministry Auditorium.

The resource person is V Kanagasabapathy Financial Advisor, Finance and Planning Ministry. Kanagasabapathy is a renowned financier who has been attached to the Treasury Secretariat.

This is a topic in focus today which will enable those who are in this field to get a clear view of Financial Reporting to understand the requirements of the new companies Act no 7 of 2007, and to equip with the ability and knowledge to identify useful information concerning Accounting and Auditing standards Act no 15 of 1005 and SLAS standards -3 in presentation of Financial statements and SLAS 9 in Cash Flow statements.

The seminar will be conducted with lectures and then onwards sharing the views in the form of an interactive session with the participants. The prime objective of the seminar is to raise awareness amongst financiers about their liabilities and responsibilities regarding the Financial Acts. These insights will equip them with successful streamlining and aligning their respective operations with the new Act. Accountants in the Public and Private sectors and Financial Institutions, Corporate Managers, Business Executives, Loan Officers in lending institutions and Senior Company Auditors are the target group for this seminar since it will seek to clarify how the new law works and defines its boundaries.