Sri Lanka Accountants' Service Exam study guide
Sri Lanka Accountants' Service Exam · Work through your exam, one topic at a time.
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 study guide has 7 sections and about 2,438 words.
01Financial Accounting and Reporting (SLFRS/LKAS)
This domain tests whether you can prepare and interpret general-purpose financial statements under Sri Lanka's reporting framework and apply the Companies Act disclosure and filing duties that sit around them. Expect computational questions on revenue, leases, financial instruments and consolidation, plus conceptual questions on measurement and presentation.
399 words, about 2 min02Management Accounting and Cost Accounting
This domain tests costing methods, budgeting, decision analysis and performance measurement, with an emphasis on explaining variances rather than just calculating them. Questions often combine a short computation with a request to interpret the figure for a manager.
357 words, about 2 min03Auditing and Assurance
This domain tests engagement acceptance, risk assessment, evidence, reporting and quality management under the Sri Lanka Auditing Standards (SLAuS), which are based on the ISAs, together with the statutory audit duties in the Companies Act No. 7 of 2007 and the Sri Lanka Accounting and Auditing Standards Act No.
327 words, about 2 min04Taxation under Sri Lankan Tax Law
This domain tests the Inland Revenue Act No. 24 of 2017 as amended, plus VAT, the Social Security Contribution Levy and the administration rules that decide when tax is due.
338 words, about 2 min05Public Financial Management and Government Accounting
This domain tests how public money is authorised, spent, accounted for and audited in Sri Lanka: the constitutional chain from Parliament to the Accounting Officer, the appropriation and commitment controls, and the audit and committee process that follows the year end. Articles 148–154: no tax or expenditure without parliamentary authority; the Consolidated Fund; the Auditor General's audit mandate.
323 words, about 2 min06Business Law
This domain tests the commercial law framework a finance professional operates in: company law, contract, employment obligations and the instruments that make transactions enforceable. Sri Lankan commercial law is Roman-Dutch in origin, overlaid by English statutory commercial models, so expect questions that mix both.
327 words, about 2 min07Ethics and Information Technology
This domain tests professional conduct under the CA Sri Lanka Code of Ethics (aligned with the IESBA Code) and the practical control and data issues an accountant meets in a computerised environment. Questions usually present a scenario and ask you to name the threat and the safeguard.
367 words, about 2 min