KASNEB CA24 study guide
KASNEB CA24 · Work through your exam, one topic at a time.
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 study guide has 4 sections and about 1,189 words.
01Accountancy: Financial Reporting Fundamentals and Adjustments
Candidates must be fluent in the accounting equation (assets = liabilities + capital), the accrual and going-concern assumptions, and the qualitative characteristics of useful information (relevance, faithful representation, comparability, verifiability, timeliness, understandability). Know the double-entry mechanics behind depreciation, accruals, prepayments, bad and doubtful debts, inventory valuation, and the distinction between capital and revenue expenditure.
310 words, about 2 min02Finance: Time Value of Money and Investment Appraisal
A candidate must command compounding and discounting, present and future values of single sums and annuities, and net present value (NPV), internal rate of return (IRR), payback and the profitability index. Understand the cost of capital as the discount rate, and the weighted average cost of capital (WACC) as a blend of after-tax debt and equity costs.
315 words, about 2 min03Credit: Assessment, Monitoring and Control
Credit work rests on the 5 Cs : character, capacity, capital, collateral and conditions. Candidates must understand credit appraisal (financial statement analysis, cash-flow adequacy, debt-service coverage), credit scoring, security and covenants, and the monitoring of receivables through ageing analysis and collection ratios.
285 words, about 1 min04Governance and Management: Accountability, Control and Performance
Governance concerns the systems by which organisations are directed and controlled: board structure, segregation of duties, internal control, risk management, audit, and accountability to stakeholders. Candidates should know the roles of the board, audit committee and external auditor, and the principles of good governance such as integrity, transparency and accountability.
279 words, about 1 min