Sri Lanka values state fixed assets

Wednesday, 16 October 2013 - 9:57


Sri Lanka is valuing fixed state assets as part of efforts to move into accrual accounting and about 75 percent of land and buildings have been valued so far.


Chief valuer of Sri Lankas department of valuations said the agency planned to complete the assessments by December this year.


Sri Lankas government is moving into accrual accounting instead of cash accounts.


In a pilot project by this year the government will prepare accounts under accrual basis as well.

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