http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/5687 Tue, 07 Apr 2026 10:03:41 GMT 2026-04-07T10:03:41Z http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4563 Competences of management accounting systems in managing environmental costs of listed companies in sri lanka Indrani, M.W.; Naidoo, M.; Wickremasinghe, G. This study explores the way and the extent to which listed companies in Sri Lanka manage environmental costs through their management accounting (MA) systems.Applying Mixed Method Research approach; data were collected from 42 listed companies representing five industry sectors in Sri Lanka, through a survey followed by discussions with financial executives and environmental officers of companies. Further, it reviewed National Environmental Act of Sri Lanka for legislation enacted for sampled companies. The main tools of analysis were frequency tables for quantitative data, and qualitative data were analyzed linking them with quantitative analysis and, thus providing expressive detailed interpretations for the phenomena under investigations. Findings indicate that even though all companies are bounded by legislation to take environmental management (EM) initiatives to prevent and control pollution, the MA systems of most companies have not been improved accordingly to incorporate environmental costs and related performance measures. All companies used to take EM measures by making adjustments to existing financial accounting/MA systems which were initiated mainly to facilitate regular business activities. These practices thus, demonstrate lower potential for companies in managing EM costs. Competencies of MA techniques considered differ one to another in managing EM costs, showing greater importance for traditional MA techniques like budgeting, products costing than modern MA techniques like kaizen costing, balanced scorecards. Conversely, the Plantation sector shows greater ability in managing environmental costs through their activity based costing systems implemented by all in the sector. It suggests companies to establish appropriate accounting systems and performance measures which are capable of identifying and managing environmental costs precisely. It also suggests improving awareness among all personnel including accounting staff on how to manage environmental costs through such systems ensuring legal compliances, profitability and survival of the business. Wed, 01 Jan 2020 00:00:00 GMT http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4563 2020-01-01T00:00:00Z http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4562 Exploring Divisional Vs. Managerial Performance Evaluation Practices in Listed Companies: Evidence from Sri Lanka Indrani, M.W.; Naidoo, M.; Wickremasinghe Businesses have become more and more widespread and diverse and, thus tend to apply strategies i.e. decentralization to improve the performance while securing long term growth. The main objective of this study is to provide with a comparative analysis of divisional vs. managerial performance evaluation (PE) practices of listed companies in Sri Lanka, focusing on common measures and owned KPIs, and allied purposes. This study applies Mixed Method Research (MMR) approach. Data were gathered through a questionnaire survey and discussions with financial executives of 42 listed companies representing five industry sectors. Facilitating with SPSS software, quantitative data were analyzed using frequency tables and Fisher’s exact test, and thematic analysis and content analysis were applied for qualitative data.The findings reveal that almost all companies evaluate both divisional and managerial performance to achieve multiple purposes, agreeing to controllability principle and mostly compared with budgeted outcome showing its soundness and popularity in this function. Determining separate units/ divisions for PE largely depends on specific situations, nature of businesses, operations and markets dealt with (i.e. Plantation sector), and attitudes of management. With regard to the importance of measures surveyed, no differences appear between divisional and managerial PE, and more concern goes to measures that reflect divisional contribution like sales volume, divisional net profit before taxes and contribution margin than EVA, ROI, and ROS. Given that the deficits of common measures, it suggests establishing owned KPIs for individual companies and modifying them as and when required to evaluate real performance effectively. Better performance would follow if this was complemented by rewards or penalties. The findings add to the understanding on the appropriateness of bases used for creating divisions and of applying common measures and owned KPIs for PE function of different companies /industry sectors and also on complications faced with specific business/industry settings on the above concern. It also provides motivations for employees particularly for divisional managers to achieve higher performance with job satisfaction and rewards, and hence uplifting living conditions and social status too. Overall, the findings would help organizations in both developing and developed economies to establish and improve PE systems to their divisions/ branches towards achieving intended purposes successfully. Wed, 01 Jan 2020 00:00:00 GMT http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4562 2020-01-01T00:00:00Z http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4561 Conceptualization between corporate governance and firm financial performance Dissanayake, D.H.S.W.; Dissabandara, D.P.B.H.; Ajward, A.R. The objective of this paper is to systematically review the extant literature, and establish a conceptual relationship between the concept of corporate governance (by using the multi-dimensional index) and corporate performance. Ample research analyses have been presented during the recent years on the relationship between corporate governance and corporate performance in various countries and for number of periods. The present study explores, to be precise, the relationship between the corporate governance measured in terms of an index and the firm performance in the extant literature through a systematic literature review by adopting the PRISMA (Preferred news things for Systematic Reviews and Meta-Analysis) framework. The systematic review is particularly important, as it curtails any biases by adopting a scientific and transparent method that is replicable. Accordingly, a sample of fifty research papers, published from 1980 to 2020, have been utilized that are on corporate governance and corporate performance. The findings of this paper propose that superior governance in companies results in a positive relationship with corporate performance. governance in companies The findings of this paper also highlights the most cited papers that examines this relationship and the most cited journals with observed trends, which enables research scholars for their further studies. Moreover, this study supports practitioners and policymakers to understand a crucial standing point of the existing literature supported by evidence. Wed, 01 Jan 2020 00:00:00 GMT http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4561 2020-01-01T00:00:00Z http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4560 Detecting red flags of corporate financial statement frauds using beneish m score model in sri lanka Mudith Sujeewa, G.M.; Pubudu Kawshalya, M.D. Financial statement fraud is one of the major concerns in the modern business world. Detecting financial statement fraud is very challenging task and requires thorough knowledge about the nature of fraud, how it can be committed and concealed. The purpose of the study is to identify the red flags of financial statement frauds applying Benish M Score model. It is found that, in each year (2013-2019) considered for the study, there are companies with a Beneish M Score of greater than -2.22, which can be gauged for possible manipulations on those financial statements. Paired sample t-test analysis is showen that, DSRI (Days’ Sales in Receivables Index), GMI (Gross Margin Index), SGI (Sales Growth Index) LVGI (Leverage Index), TATA (Total Accruals to Total Assets) out of eight ratios occupied in the Beniesh model are significantly different between manipulated and non-manipulated firms. Therefore, it is recommended that Benish M Score model can be used as a risk assessment tool to recognize the red flags of possible fiancial statemet frauds in business entities in Sri Lanka. This paper aims at broadening knowledge of External Auditors, Forensic Accountants, Accountants, Senior Managers, Regulators and other stakeholders in detecting red flags of financial statement frauds in Sri Lanka. Wed, 01 Jan 2020 00:00:00 GMT http://repo.lib.jfn.ac.lk/ujrr/handle/123456789/4560 2020-01-01T00:00:00Z