KASNEB CIFA Foundation study guide
KASNEB CIFA Foundation · Work through your exam, one topic at a time.
The Certified Investment and Financial Analysts (CIFA) qualification is offered by the Kenya Accountants and Secretaries National Examinations Board (KASNEB), a State Corporation established by the Government of Kenya in 1969 with a mandate to develop syllabuses, conduct professional and diploma examinations, and certify candidates in accountancy, finance and related disciplines. CIFA is designed for persons who aspire to excel as investment, securities and financial analysts, portfolio managers, investment bankers, fund managers or consultants in national and global financial markets, and it aims to equip candidates with the skills, values and knowledge to thrive in a dynamic financial landscape. The course is structured into three levels, and the Foundation level is the entry point, building grounding in financial accounting, economics, and business mathematics and statistics before the more advanced levels. To enrol, a candidate needs a KCSE mean grade of C+ (Plus), a Kasneb Diploma qualification, or any other recognised diploma. The KASNEB CIFA Foundation study guide has 3 sections and about 996 words.
01Financial Accounting: Double Entry, Adjustments and Reporting
Every transaction preserves the accounting equation: Assets = Capital + Liabilities. Double entry records each transaction with equal debits and credits.
345 words, about 2 min02Economics: Scarcity, Markets and Elasticity
Economics begins with scarcity: unlimited wants against limited resources, so every choice carries an opportunity cost - the value of the next best alternative forgone. Demand is the quantity consumers will buy at each price; supply is the quantity producers will offer.
332 words, about 2 min03Business Mathematics and Statistics: Interest, Break-even and Data
Business mathematics tests percentages, ratios, proportions, index numbers and the time value of money. Simple interest is I = P × r × t; compound interest uses A = P(1 + r/n)^(nt), so more frequent compounding raises the effective rate.
319 words, about 2 min