KASNEB CPA Foundation case studies
KASNEB CPA Foundation · Put your knowledge to work in context.
The Certified Public Accountants (CPA) qualification is offered by the Kenya Accountants and Secretaries National Examinations Board (KASNEB), a State Corporation under The National Treasury and Economic Planning that was established by the Government of Kenya in 1969. KASNEB's mandate covers syllabus development, 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 CPA Foundation case studies are 5 cases and about 3,047 words.
1Year-end adjustments at Wanjiku Traders: profit, stock and drawings
Wanjiku Traders is a sole proprietorship with a 31 December year end. Its draft statement of profit or loss for 2024 shows a profit of KES 620,000.
599 words, about 3 min2Authority of a branch manager and a contract with a minor
Otieno is branch manager of Kariuki Hardware Ltd. His written authority allows him to commit the company to purchases of up to KES 150,000 per order; anything above requires board approval.
586 words, about 3 min3Optimal product mix and a special order at Kijabe Manufacturers Ltd
Kijabe Manufacturers Ltd produces two products on a single machine with a practical capacity of 24,000 machine hours per year, which cannot be increased before 2026. Product P sells for KES 900, has variable costs of KES 520 and uses 3 machine hours per unit; maximum demand is 4,000 units.
528 words, about 3 min4Capital or revenue? Adjusting taxable profit at Mavuno Feeds Ltd
Mavuno Feeds Ltd runs a grain milling plant and reports taxable profit of KES 3,600,000 for the year ended 31 December 2024, before the following items are dealt with. During the year the company: (i) replaced the entire leaking roof of the milling hall at a cost of KES 950,000; (ii) repaired the engine of a delivery van at a cost of KES 180,000; (iii) paid KES 240,000 in legal fees to acquire a ten-year lease of a warehouse; (iv) repainted all its buildings at a cost of KES 130,000; (v) paid a KES 60,000 penalty for late filing of a statutory return.
670 words, about 3 min5Risk-adjusted cost of capital for a solar project at Tana Power Ltd
Tana Power Ltd is an all-equity electricity distributor with an equity beta of 1.10. It is considering a KES 1.4 billion investment in a solar generation plant, a business quite different from distribution.
664 words, about 3 min