ICAB AL Case Study study guide
ICAB AL Case Study · Work through your exam, one topic at a time.
The ICAB Case Study Exam is an examination of The Institute of Chartered Accountants of Bangladesh (ICAB), described on its site as "a National Professional Accounting Body in Bangladesh" and as "the regulatory body for the profession of accountants and connected matters therewith." The Case Study Exam sits within ICAB's own examination structure, and ICAB publishes advanced material for it: a student notice titled "Releasing Advanced Material for Case Study Exam" appears on the Institute's website. The exam is intended for candidates who have progressed to the case-study stage of ICAB's curriculum and who must now integrate technical knowledge across subject areas rather than answer questions in isolation. The ICAB AL Case Study study guide has 4 sections and about 1,472 words.
01Financial Reporting: Standards, Judgement and Disclosure
ICAB's AL case study tests whether you can move between the accounting standards and a narrative set of facts. You must know the recognition and measurement rules for revenue (performance obligations, variable consideration, contract costs), leases (right-of-use asset, lease liability, short-term and low-value exemptions), financial instruments (classification by business model and cash-flow characteristics, expected credit losses), and impairment under the recoverable-amount model.
316 words, about 2 min02Audit and Assurance: Risk, Evidence and Reporting
The case usually presents a client with pressure points: tight covenants, a dominant owner-manager, related-party transactions, complex estimates, or a first-year engagement. You must be able to assess risk at the financial statement and assertion level, design responses, and select procedures that produce sufficient appropriate evidence.
297 words, about 1 min03Taxation and Corporate Laws: Compliance and Consequence
Expect questions that combine computation with compliance obligations. On direct tax, know the residence and source rules, heads of income, allowable and disallowed deductions, depreciation pools, capital versus revenue distinction, loss carry-forward, and the mechanics of advance tax, withholding and return filing.
278 words, about 1 min04Business Strategy: Analysis, Choice and Implementation
Strategy questions reward structured analysis applied to the facts, not memorised models. Know the external environment tools - PESTEL, Porter's five forces, competitor and customer analysis - and internal tools such as value chain, resource and capability analysis, and the VRIO test.
581 words, about 3 min