As a timely and important topic of discussion relevant for these turbulent times, PwC recently held a webinar on Hyperinflationary Accounting Implications for Financial Reporting. Hyperinflation is very high and typically accelerating inflation that erodes the real value of the local currency, as prices of goods and services increase. Hyperinflation sees rapid and continuing increase.
Technology today has become the binding thread across all industries as organizations rely on digitization to transform internally and externally to be agile, effective and relevant. Sri Lanka’s vibrant tech industry has been on a rapid growth trajectory. However there are challenges specifically related to securing funding for companies at an early stage or during.