KASNEB CIFA Foundation study plan
KASNEB CIFA Foundation · Give each week a clear focus.
8 weeks · About 7 hours per week
Financial Accounting
Define and apply the accounting equation to 20 varied transactions
Journalise transactions using double-entry rules for all five account classes
Post journal entries to ledger accounts and extract a balanced trial balance
Identify and correct arithmetic and transposition errors in a trial balance
Your checkpoint
A complete journal-to-trial-balance working file for 40 practice transactions, self-marked at 80% or better
Financial Accounting & Economics
Adjust ledger accounts for accruals, prepayments, depreciation and bad debts
Prepare an income statement and statement of financial position for a sole trader
Explain the determinants of demand and supply and distinguish shifts from movements
Compute market equilibrium price and quantity from given linear functions
Your checkpoint
A full set of final accounts for a 25-transaction sole trader, with every adjustment shown as a workings note
Financial Accounting
Prepare partnership appropriation, capital and current accounts
Prepare a manufacturing account and compute cost of production
Reconcile a bank statement against a cash book and treat unrecorded items
Use a suspense account and journal entries to correct multiple errors
Your checkpoint
Three exam-style questions (partnership, manufacturing, bank reconciliation) completed in 90 minutes and scored at 65% or above
Financial Accounting & Economics
Prepare sales and purchases control accounts and reconcile them to the ledgers
Compute price, income and cross elasticities and interpret each result
Draw and explain short-run cost curves and the law of diminishing returns
Distinguish perfect competition, monopoly and oligopoly by their assumptions
Your checkpoint
A timed 45-minute mock covering Financial Accounting units 1-3, scored at 60% or above with an error log
Economics
Compute national income using the output, income and expenditure approaches
Explain the money supply process and the functions of a central bank
Analyse causes and effects of inflation and unemployment
Compare fiscal and monetary policy tools for correcting macroeconomic problems
Your checkpoint
A 30-question Economics quiz scored at 70% or above, with written corrections for every missed item
Economics & Business Mathematics and Statistics
Explain the balance of payments and the effect of exchange rate movements on trade
Compute mean, median, mode, range, variance and standard deviation for grouped and ungrouped data
Interpret a distribution's shape using measures of central tendency and dispersion
Evaluate arguments for and against trade protection in a short written answer
Your checkpoint
A one-page formula and definitions sheet plus 20 solved Statistics problems, all marked correct after review
Business Mathematics and Statistics
Apply simple and compound interest, discounting and net present value techniques
Solve matrix operations including determinants and simple inverse problems
Calculate basic probability and apply the normal distribution idea to scores
Construct and interpret index numbers and a simple weighted price index
Your checkpoint
A timed 60-question Business Mathematics and Statistics paper scored at 65% or above
Financial Accounting & Economics & Business Mathematics and Statistics
Revise the three highest-error topics from the personal error log
Complete full-length mock papers for all three domains under exam conditions
Summarise each domain onto a single revision sheet of formulas and key rules
Review all flagged corrections and re-attempt every previously missed question type
Your checkpoint
Two full mock papers each scored at 65% or above, with a final error log showing zero repeated mistakes
Milestones
Week 2: Produce a balanced trial balance and a complete set of sole trader final accounts unaided within 60 minutes
Week 4: Score 60% or above on the Financial Accounting mock and correctly compute all three elasticities from raw data
Week 6: Score 70% or above on the Economics quiz and 65% or above on the 20-problem Statistics set
Week 8: Score 65% or above on two full-length mocks across all three domains, with no repeated errors from the log