ICAB CL Accounting case studies

ICAB CL Accounting · Put your knowledge to work in context.

The ICAB Chartered Accountancy Examination - Accounting (CL) is the accounting paper at the Certificate Level of the Chartered Accountancy qualification awarded by The Institute of Chartered Accountants of Bangladesh (ICAB), which describes itself as a National Professional Accounting Body in Bangladesh and the regulatory body for the profession of accountants. The Certificate Level is the entry stage of a three-tier structure the Institute labels Certificate, Professional and Advanced Levels, and the Institute publishes timetables for a Certificate Level sitting in November 2026. The ICAB CL Accounting case studies are 5 cases and about 3,288 words.

Revenue Cut-off on a Year-End Consignment Shipment

Rahman Textiles Ltd closes its books on 31 December. On 27 December, it shipped finished fabric with a list price of BDT 12,000,000 to a distributor under a sale-or-return arrangement.

680 words, about 3 min 2

Overhead Absorption Rate Distortion in a Multi-Product Job Shop

Karim Engineering Works produces three product lines in one factory. It currently absorbs all production overhead on direct labour hours.

661 words, about 3 min 3

Going Concern Pressure and the Auditor's Response

You are the engagement partner on the audit of Delta Foods Ltd for the year ended 31 March. Draft financial statements show profit before tax of BDT 8,000,000 and net current liabilities of BDT 22,000,000.

660 words, about 3 min 4

Tax Treatment of a Capital Asset Revaluation and Disposal

Sylhet Ceramics Ltd revalued its factory building upward by BDT 30,000,000 on 1 July, creating a revaluation surplus in other comprehensive income. The building's tax written down value is BDT 40,000,000 and its accounting carrying amount after revaluation is BDT 90,000,000.

628 words, about 3 min 5

Independence Threat from a Longstanding Audit Partner and Non-Audit Fees

A partner has served as engagement partner on the audit of Meghna Pharma Ltd for seven consecutive years. In the current year the firm also earned BDT 18,000,000 in non-audit fees from the client for tax structuring and system implementation, against audit fees of BDT 9,000,000.

659 words, about 3 min