KASNEB CA24 case studies
KASNEB CA24 · Put your knowledge to work in context.
KASNEB CA24 is one of the qualifications offered by the Kenya Accountants & Secretaries National Examinations Board, a State Corporation under The National Treasury and Economic Planning that was established by the Government of Kenya in 1969. Kasneb's mandate covers the development of syllabuses, the conduct of professional, diploma and technician examinations, and the certification of candidates in accountancy, finance, credit, governance and management, information technology and related disciplines. The KASNEB CA24 case studies are 5 cases and about 3,232 words.
1The Deferred Revenue Reclassification
Kwale Agro-Processing Ltd (KAP) sells crop-drying equipment with a standard 24-month service warranty bundled into the price. In FY2025 KAP signed 40 contracts at KES 1,200,000 each, total KES 48,000,000, and recognised the full amount as revenue on delivery because the equipment was shipped and invoiced.
659 words, about 3 min2The Covenant Waiver That Wasn't
Tana Logistics Ltd has a KES 150,000,000 term loan from a commercial bank, repayable in quarterly instalments of KES 7,500,000, with a covenant requiring current ratio of at least 1.25 and debt service cover ratio (DSCR) of at least 1.30. At 31 December 2025 the current ratio is 1.18 and DSCR is 1.12, both breaches.
639 words, about 3 min3Scoring the Unscorable SME
A microfinance bank is assessing a KES 4,000,000 working capital loan to Mwangaza Hardware, a family-owned retailer. The owner provides: 3 years of management accounts showing turnover of KES 18m, 21m and 24m and net margins of 4%, 5% and 6%; a CRB report showing two late payments of 45 and 60 days in the last 12 months on an existing KES 1,500,000 facility; no audited accounts; no formal stock records, only a notebook; and a personal guarantee from the owner whose only asset is the family home valued at KES 6,000,000 with an existing mortgage of KES 2,500,000.
636 words, about 3 min4The Board Pack That Hid the Loss
At the quarterly board meeting of Pwani Savings and Credit Co-operative, the CEO presents a board pack showing a surplus of KES 3.2m for the nine months to 30 September 2025. The chair later learns from the internal auditor that the pack excluded a KES 9.5m provision for a loan to a director's transport business that has not paid for eight months.
670 words, about 3 min5The Branch Expansion Decision
Ushindi Bank is deciding whether to open a branch in a county town. The business case assumes 1,200 new accounts in year 1, growing 20% a year, with average balances of KES 45,000 and a net interest margin of 4.5%.
628 words, about 3 min