ICARE 2018
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/19607
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Item Satisfaction of Sri Lankan Based Customers towards Internet Banking in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Weerasekara, W.T.K.; Kawshalya, M.D.P.Internet banking activities are more current than the traditional banking activities with the advancement of the new technology in the banking Industries. Commercial banks in Sri Lanka use the internet applications as a weapon of competitive advantage Banks are taking numerous steps to widen this concept among their customers. This study researched the factors affecting customer satisfaction for internet banking. Sample composed of hundred and twenty five customers of five commercial banks in Sri Lanka. The research has been conducted as a quantitative research and the data collection method was survey method. This study identifies three major factors such as Convenience and flexibility, Transaction related benefits and customer security. According to the findings, convenience and flexibility and service security significantly affect customer satisfaction and transaction related benefits are not significant to customer satisfaction. Additionally, it was identified that lack of knowledge on facilities of e-banking compared to traditional banking is one of the prominent reason for less usage of Internet Banking in Sri Lanka. This research provides banking institutions with significant information on various aspects that need to be highlighted in their banking communications strategies to increase the adoption rate of internet banking servicesItem The Impact of Corporate Characteristics and IFRS Adoption on Audit Report Lag: Evidence from Listed Manufacturing Companies in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Srinath, V.P.N.; Kawshalya, M.D.P.An audit report lag (ARL) is defined as a period from a company’s fiscal year-end date to the audit report date. The shorter the ARL in releasing audited financial statements, the greater the usefulness and benefits that users can derive from these statements. The purpose of this research is to the identify impact of corporate characteristics on audit delay in Sri Lankan manufacturing companies, listed in Colombo Stock Exchange (CSE). Further, since IFRS adoption represents a significant milestone in the accounting discipline in Sri Lanka which can reasonably expect an impact on audit report lag also, the study extended to investigate the impact of IFRS adoption also on audit report lag. Accordingly the current study investigated the influence of corporate size, audit firm statues, CEO duality, ownership concentration, ownership dispersion, board size and IFRS adoption on audit report lag. The data for the study collected from annual audited financial statement of all the listed manufacturing companies of CSE. Data for the period of nine years from 2008/2009 financial year to 2016/2017 financial year has been collected. Based on the regression estimate obtain, the study concludes that the audit report delay influenced by corporate size, audit firm statues, CEO duality, ownership concentration, ownership dispersion, board size and IFRS adoptionItem The Impact of Internal Controls on Financial Performance in Public Sector Banks in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Prabath, H.K.E.; Kawshalya, M.D.P.Internal control systems play a major role in every organization to achieve their management objectives. In the recent past, some public sector organizations (specially in baking sector) have been reported some corruptions, frauds and errors, because of the shortcoming in the internal control systems. This investigation focuses on public sector banks in Sri Lanka to examine the impact of internal control systems on financial performance. In the current study, internal controls are measured based on five component of internal controls namely control environment, control activities, accounting information and communication, risk assessment and monitoring which are identified in COSO framework. For the current study, data are is collected using questionnaire from the employees attached to Accounting, Finance and Audit divisions of public sector banks in Sri Lanka. Based on the regression estimate obtained the current study concludes that there is a positive relationship between internal controls on financial performance of the public sector banks in Sri LankaItem Value Relevance of Accounting Information and Financial Statement Effect upon IFRS Adoption: Evidence from Listed Manufacturing Companies in Sri Lanka(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Muthunayake, H.; Kawshalya, M.D.P.Accounting Information would be beneficial only if it is relevant to the decision being made. According to International Accounting Standard Board, the usefulness of accounting information depends on the fundamental qualitative characteristics of Relevance and Faithful Representation. As a result of harmonization and standardization, International Financial Reporting Standards (IFRS) were adopted in Sri Lanka from 1st January 2012 as a developing country. Given the differences exists between develop and developing countries in the contest of accounting profession and other contextual differences, the impact of IFRS adoption in developing countries is still remaining as an empirical gap in the accounting literature. Therefore the main purpose of current study is to examining the impact of International Financial Reporting Standard on the accounting information quality, in terms of value relevance and the effect on key financial measures of financial statement in Sri Lanka. Data for the current study is collected from audited annual financial statements and Colombo Stock Exchange reports for all the listed manufacturing companies in Sri Lanka, for the period of 9 years from 2008/2009 to 2016/2017 financial year. Based on the regression estimate obtained the study concludes that there is an incremental effect on the value relevance of earnings for share, book values of equity, and cash flow from operations. Further findings reveal that there is favorable impact financial statement measures upon IFRS adoption of listed manufacturing sector in Sri Lanka.Item The Impact of IFRS Adoption on Financial Ratios(4th International Conference for Accounting Researchers and Educators, Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka, 2018) Rajapaksha, R.A.S.; Kawshalya, M.D.P.Since the world economy is getting globalized, past practices of accounting may not be able to satisfy the information requirements of global stakeholders. Therefore the concept of harmonizing the accounting practices has been put forward and realized by the implementation of International Financial Reporting Standards (IFRS) issued by International Accounting Standard Board (IASB).The main purpose of this research is to examine the impact of IFRS adoption on financial ratios in Sri Lankan listed manufacturing sector companies. The data was collected for the period of eight years from 2008/2009 to 2015/2016 using annual reports published on listed manufacturing sector companies. The total sample period is divided to two parts as pre IFRS and post IFRS for comparison. The ratios which are selected for the analysis are current ratio, earning per share, debt to equity ratio & return on equity ratio. The findings of the study suggests that there is no significant difference between the ratios calculated as per previous accounting standards and after adopting IFRS except return on equity ratio. Through the impact was not found to be significant for debt equity ratio and current ratio. These findings would be useful since data used for the current study is more recent than most IAS or IFRS studies around the world and are stratified to allow for comparison between voluntary/early adopters and mandatory/late adopters