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Examination

Our qualifications have gained recognition across the globe. The Institute of chartered Accountants of Sri Lanka also revises its syllabus every five years to meet the growing demand in the market and to ensure the qualifications are on par with global standards.

FAQs

The course structure of the Institute consists of the following three modules:

  • Business Level 1
  • Business Level 2
  • Corporate Level
  • Strategic Level

Each of the above three modules have three pillars as Knowledge, Skills and Personal as mentioned in the below diagram,

Examination
Eligibility Criteria

Executive Level Knowledge Subjects

  • Registration
  • Subscription to Study Pack (Should pay and collect the study pack)
  • Obtain exemptions if eligible
Business Level Knowledge Subjects
  • Registration renewal for the exam applying year
  • Passed or obtained exemptions to the same pillar subject of executive level
  • Passed or obtained exemptions to SE2-Executive Information Technology & Systems
  • Passed or obtained exemptions to SE1-Executive Communication & People Skills
  • Purchase the study guide for each subject and preparation to examination properly
  • Complete the Executive Level subject of the same pillar to be eligible to do the Business Level subjects of the same pillar.
Corporate Level Knowledge Subjects –KC1 to KC5
  • Registration renewal for the exam applying year
  • Passed or obtained exemptions to the same pillar subject of executive and business level
  • Passed or obtained exemptions to SB2-Business Information Technology & Systems
  • Passed or obtained exemptions to SB1-Business Communication & People Skills
  • Passed PE1-Executive Practical Training & Development and PB1-Business Practical Training & Development
  • Subscription to Study Pack (Should pay and collect the study pack)
  • Complete the all business level subjects or any other transitional arrangements to be eligible to do the corporate level subjects.

KC5-Corporate Strategy & Contemporary Issues - Assignment
  • Registration renewal for the exam applying year
  • Successfully completion of both Business and Corporate Level Knowledge Subjects –KC1 to KC4
KC5-Corporate Strategy & Contemporary Issues – Case Study
  • Registration renewal for the exam applying year
  • Successfully completion of KC5-Corporate Strategy & Contemporary Issues - Assignment

Registered students who have paid their annual subscriptions for the current year may sit the examination, provided the eligibility requirements are satisfied.

Applications should be made on Examination Application Forms, obtainable from the Institute and provincial centres during the periods specified from time to time.

An examination application form may be obtained in person or by sending a written request and a self-addressed 23cm x 10cm stamped envelope to:

Director Examinations
The Institute of Chartered Accountants of Sri Lanka
30 A, Malalasekera Mawatha, Colombo 7.

The Institute will send an acknowledgment SMS to the applicant.

A late examination fee will be charged on all late exam applications after the exam application closing date. (Late exam application closing date is given in the Exam Calendar). Thereafter, applications will not be accepted.

A late application fee will be charged on all late applications after the application closing date. (Late application closing date is given in the Exam Calendar). Thereafter, applications will not be accepted.

The Institute will send an acknowledgment SMS to the applicant.

  1. Business Level I & II Examinations are held in March and September each year.
  2. Corporate and Strategic Level Examinations are held in June and December each year.
  3. Case Study Examination of Strategic level will be held twice a year.

Examination dates are published in the examination year calendar. You can view it from the Exam Calendar page of the examination web page.

  • Business Level

Candidates are permitted to answer in Sinhala, Tamil or English. Answer for one subject should be in one medium only.

  • Corporate and Strategic Level

Candidates should answer in English only.

  • Answer Scripts

Answer booklets and supplementary booklets printed in different colors will be provided to candidates to answer the examinations.

Yes, candidates are permitted to apply one subject or more than one subject.

If a candidate passes some subjects without completing the examination, those passes will be carried forward.

According to these procedures, there will be no limitation in the number of attempts, to sit an examination.

The Institute does not refund or transfer examination fees under any circumstances.

Examinations held in the centers in following locations.

Examination Name Location
Business Level Colombo, Kandy, Galle, Rathnapura, Kurunegala, Anuradhapura, Jaffna and Kalmunai
Corporate and Strategic Level Colombo, Kandy, Galle, Jaffna, Qatar, Dubai and Maldives.
SL5-Intigrated Case Study Colombo
Business Communication I & II Colombo, Kandy, Kurunegala, Jaffna, Galle

* The candidate should sit the examination at the center and in the hall mentioned in his/her Examination Admission Card.

The Institute publishes the examination results by

  • Displaying detailed results in the Institute's website
  • Sending a letter to each candidate informing his/her detailed results.

Yes, candidates who obtain the highest total marks and who pass the examination at first attempt are eligible for Order of Merit Prizes and Certificates.

Also candidates who obtain highest marks for each subject at their first attempt are eligible for Subject Prize.

Examination Payment Code Sri Lanka (Rs.) Qatar (Rs.)/ Dubai (Rs.) Maldives
Business Level I & II EX01       
2,200
Corporate Level EX02       
3,700 20,000 15,500
Strategic Level
EX03       
5,500 25,000 18,000
SL5 Assignment EX05 6,000   
SL5 Case Study EX14 7,000
Business Communication I EX07 2,500
Business Communication II EX13       
2,750

Yes, those who apply after the closing date, an additional 50% is charged up to the late application closing date. Thereafter no late applications will be entertained.

Examination Division

Tel - 011 2352000 Ext. 1017, 1018,1019, 1020, 1024
E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

No candidate will be given index numbers via telephone, email or web inquiry by the Examination Division. Candidates should detach the portion of the admission card with the index number and keep it in safe custody to use to view the results in the web.

No. It is not possible