Sri Lanka Accountants' Service Exam case studies
Sri Lanka Accountants' Service Exam · Put your knowledge to work in context.
The Sri Lanka Accountants' Service Examination is the recruitment examination through which the Department of Examinations conducts competitive selection for the Accountants' Service in the public sector. It is intended for candidates who already hold a recognised accounting qualification or degree and who wish to enter a government accounting career, typically as Accountants attached to ministries and departments. The Sri Lanka Accountants' Service Exam case studies are 5 cases and about 4,629 words.
1Revenue cut-off and principal-versus-agent at a Colombo IT reseller
LankaCloud (Pvt) Ltd, a Colombo-based IT reseller, signed a contract on 15 March 2025 with a listed commercial bank for a branch refresh. The total contract price is LKR 96 million, but the bank is entitled to a LKR 4 million early-signing discount, so the agreed consideration is LKR 92 million.
982 words, about 5 min2Special order with a filling-line bottleneck at a coconut processor
Ceylon Coconut Foods PLC operates a single filling line in Kurunegala. Monthly capacity is 10 million 400 ml cans, and current external sales are 9.2 million cans at LKR 310 per can.
748 words, about 4 min3Going concern and component auditor reliance at a listed hotel group
Serendib Leisure PLC is a Colombo-listed hotel group with a 60%-owned resort in the Maldives. At 31 March 2026 the group had net current liabilities of LKR 1.9 billion and a term loan of LKR 2.4 billion that is contractually repayable in June 2026.
1,017 words, about 5 min4VAT apportionment and credit notes at a mixed-retail chain
LankaMart (Pvt) Ltd operates a supermarket chain and is VAT-registered. For the month of June 2026 it reports total supplies of LKR 280 million: standard-rated groceries LKR 180 million, zero-rated exports of tea and spices LKR 40 million, and exempt rice, fresh vegetables and plain bread LKR 60 million.
853 words, about 4 min5Year-end commitments and virement at a provincial health department
The Provincial Department of Health has an annual appropriation of LKR 1.2 billion for 2026: LKR 600 million recurrent and LKR 600 million capital for a new hospital wing. At 31 December 2026, capital work certified by the engineer is LKR 520 million, of which LKR 90 million remains unpaid to the contractor.
1,029 words, about 5 min