How to get through CA Sri Lanka KC 05 Examination in Your First Attempt

In professional exam field one of the most difficult examination is obviously chartered Accountancy. As per the 2015 curriculum , there are 3 levels (Executive Level , Business Level and Corporate Level) to complete before obtaining the most prestigious accountancy qualification in Sri Lanka as well as in the global context.

After completing all the examinations in the 3 levels you will be able to sit for KC 05 Case Study examination provided that you have completed you required training and other courses ( English and IT).

As per the curriculum, KC 05 Case study exam comprises of two sections;

Section 1  KC 05 - Corporate Strategy and Contemporary Issues –Assignment (20 Marks )

This assignment will be a Report or a Article regarding a contemporary issue happened in business world, as per the history of the examinations which were held already.

After you submit your assignment within the time , CA Sri Lanka will individually call the candidates whose assignment need to be resubmitted. They will give a considerable time to resubmit the assignment after correcting the issues mentioned by them. After few days institute will publish a list of candidates who have passed the assignment. Thus if your name is not in that list that mean you are failed. (There are instances that CA Sri Lanka will fail candidates even without calling for re-submission - In worst Scenarios)

However you will get to know whether you passed or failed and your marks are not published.

Section 2-  Final Case Study Examination (80 Marks ) 

This is a full open book examination which means if you want you can take all the books from you ALs to the examination even without any problem . 

To sit for the final case study 3 hour paper, you need to first of all pass the assignment which need to scored more than 10 out of 20. 

Most important thing you have to remember is your assignment marks are not counted in this examination. So whether you got 19 out of 20 or 11 out of 20 is not a matter to consider in this section of the KC 05 examination.

So let's talk about the strategy of getting through this 3 hours paper

In your CA Sri Lanka career , you should have sat for more than 15 examinations or may be more if you were unable to pass all the examinations at once. In all those examinations you might have completed them with your individual effort in all cases.

But I must say , KC 05 examination totally different from all other examinations which you have faced so far. This is a paper which you need to know the all the ways that can be tested. In other words this paper needs no know what are the others' views on the pre seen concerns.

Thus to pass KC 05 examination in your 1st attempt , you need to work as a team .

However make sure your team is ;

• Having members between 5 to 10 (More than 10 , you will loose your focus)
• Members should be working in different organizations ( This will make sure at least few members are active always towards the work. And with the diversified Knowledge you will definitely get benefited.)
• avoid free riders

KC 05 examination syllabus weight is given as follows ;

So you will realize this cannot be covered within the given time even you got 2 weeks study leave . So this syllabus content need to be allocated among your team members. It should be allocated in a way by identifying the members in your team. (As a example if someone is good at financial analysis , give him the financial management part )

However even before releasing the Pre Seen, Your team can work on the Syllabus.

Next most important thing you and your team should do is. You all need to make a one word file which covers the whole syllabus mentioned above. 

It should include theory also but make sure most important is the application of that theory to the case study pre seen , where marks are only allocated. In this exam marks are not given for writing theories or models by copy and pasting.

Your report should be comprehensive, so that you will be able to answer the case study by referring to the report Printout you take to the exam. 

Guys don't forget, other than the pre seen you will get a 2 to 5 page un-seen in the examination which also need to be linked when providing answers.

I will give you the topic you have to include in your report to make it easier to prepare the report in advance and to make the report more logical that you will be taking to the exam. 

Following is the basic content you need to cover by linking your Pre Seen

Click Here to Download KC 05 Report Structure andContent 

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Article Written By : H.Harshana Sameeraka ( Bsc Accounting (Special) First Class (Gold Medal Winner), CA Passed Finalist with pending Viva(Prize Winner), Reading For CIMA SCS, Audit Supervisor KPMG)

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