CA Sri Lanka Business Level Exam study guide
CA Sri Lanka Business Level Exam · Work through your exam, one topic at a time.
The Business Level Examination is one of the examination stages in the CA Sri Lanka qualification pathway, administered by CA Sri Lanka as the National Professional Accountancy Organization. It sits between the early stages of the programme and the senior Corporate and Strategic Level examinations, and is aimed at student members who have completed the preceding requirements and are working toward the Chartered Accountant designation. Candidates typically encounter it while balancing practical training with structured study, so the exam rewards steady preparation rather than last-minute cramming. The syllabus draws on the Education Curriculum 2025-30, which frames the current study programme; candidates should consult the official student pages for the detailed subject list, module weighting and study material rather than relying on second-hand summaries. The CA Sri Lanka Business Level Exam study guide has 4 sections and about 1,148 words.
01Financial Reporting and Accounting
The Financial Reporting and Accounting domain tests whether you can apply the SLFRS/LKAS framework to prepare, adjust and interpret general-purpose financial statements, not merely recall definitions. Questions often combine a measurement issue with a disclosure or ratio consequence.
317 words, about 2 min02Management Accounting and Business Finance
Management Accounting and Business Finance tests how cost data support planning, control, performance measurement and funding decisions. Numerical questions usually require a clear decision rule, not just a calculation.
283 words, about 1 min03Taxation and Law
Taxation and Law tests the application of Sri Lankan income tax and VAT rules, together with core company and contract law principles that affect business decisions. Income tax under the Inland Revenue Act No.
293 words, about 1 min04Audit, Assurance and Business Management
Audit, Assurance and Business Management tests risk-based audit, evidence and ethics, internal control, and the governance and business-risk context in which assurance is provided. Audit risk = inherent risk × control risk × detection risk; risk assessment drives the nature, timing and extent of procedures.
255 words, about 1 min