CA Sri Lanka Strategic Level Exam study plan
CA Sri Lanka Strategic Level Exam · Give each week a clear focus.
8 weeks · About 6 hours per week
Corporate Reporting
Map the Corporate Reporting syllabus into a one-page topic tree covering group accounts, financial instruments, revenue, leases, provisions, and share-based payment
Recite the consolidation mechanics for a two-tier group, including non-controlling interest measurement and fair value adjustments at acquisition
Work through eight consolidation adjustments from scratch and reconcile each to the relevant accounting standard
Draft a personal error log template capturing standard, adjustment type, and root cause
Your checkpoint
A completed consolidation working paper for a three-entity group with every adjustment annotated to its standard, plus the first five entries in the error log
Corporate Reporting
Apply deferred tax and defined benefit pension adjustments inside consolidated statements and explain each movement
Compute earnings per share including bonus issue restatement and diluted instruments
Interpret a published annual report and identify three accounting judgements that materially affect reported profit
Explain the interaction between financial statement presentation and the qualitative characteristics of useful information
Your checkpoint
A two-page written analysis of a listed company's latest annual report linking three accounting judgements to reported profit and EPS
Strategic Business Management
Build a PESTLE and Porter's Five Forces assessment for a named Sri Lankan industry and rank the factors by impact
Apply the value chain and resource-based view to identify two sources of sustainable competitive advantage
Draft a strategy evaluation using the SAF framework (suitability, acceptability, feasibility) with quantified acceptability tests
Practise writing a board-level recommendation in under 300 words with a clear decision and rationale
Your checkpoint
A 1,500-word strategic analysis of one named company covering external environment, internal capability, and a justified strategic recommendation
Strategic Business Management
Explain how digital transformation and data analytics shift competitive positioning in service industries
Diagnose organisational culture and structure misfits against a chosen strategy using the cultural web
Construct a balanced scorecard with four perspectives and two leading indicators per perspective
Evaluate a diversification decision using Ansoff and the parenting advantage test
Your checkpoint
A completed balanced scorecard for the company analysed in week 3, with targets, measures, and a one-paragraph justification per perspective
Corporate Finance and Risk Management
Compute weighted average cost of capital including the adjustment of beta for gearing and the tax shield
Value a target company using discounted cash flow, comparable multiples, and asset-based methods, then reconcile the three results
Evaluate an investment appraisal under capital rationing and explain the treatment of inflation and risk
Identify and quantify three financial risks in a scenario and match each to a hedging instrument
Your checkpoint
A valuation and investment appraisal spreadsheet with WACC, three valuation outputs, a sensitivity table, and a one-page recommendation
Corporate Finance and Risk Management & Governance, Ethics and Professional Standards
Explain the scope and mechanics of a treasury risk management framework, including interest rate and currency exposure limits
Apply the CA Sri Lanka Code of Ethics to three constructed dilemmas and reach a documented conclusion using the conceptual framework
Distinguish the duties of directors under the Companies Act and the listing rules relating to related party transactions
Draft an audit committee agenda addressing a whistleblowing escalation and a conflict of interest
Your checkpoint
Three written ethics case responses in the standard identify-threats-evaluate-safeguards-conclusion format, each under 400 words
Governance, Ethics and Professional Standards & Taxation and Business Strategy
Analyse corporate governance failures against the relevant code principles and prescribe three remedial controls
Compute income tax liability for a company and an individual, including qualifying payments, capital allowances, and withholding tax credits
Explain the tax treatment of a specified business transaction and evaluate two structuring alternatives
Link a tax planning decision to its commercial rationale and disclose the associated reputational risk
Your checkpoint
A tax computation pack for one company and one individual plus a half-page note comparing two structuring options on after-tax and risk grounds
Corporate Reporting & Strategic Business Management & Corporate Finance and Risk Management & Governance, Ethics and Professional Standards & Taxation and Business Strategy
Complete two full timed mock papers under exam conditions and mark them against the published marking scheme
Revisit every error log entry and re-solve the underlying question type to confirm the fix
Rank remaining weak areas by marks at stake and close the top three with targeted practice
Rehearse exam technique: reading the requirement first, allocating time per mark, and structuring answers
Your checkpoint
A mock exam scorecard showing marks by domain, a ranked remediation list, and evidence that the top three weak areas have been re-tested
Milestones
Week 2: Can produce a full consolidation with deferred tax and EPS adjustments unaided within 45 minutes at 70% or better
Week 4: Can deliver a structured strategic recommendation with SAF evaluation in 30 minutes without notes
Week 6: Scores at least 60% across a mixed set of valuation, risk, and ethics questions covering domains 3 and 4
Week 8: Averages 55% or above across two timed mocks with no domain below 45%