KASNEB CPA Foundation study guide
KASNEB CPA Foundation · Work through your exam, one topic at a time.
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 CPA course is designed for learners who want the technical knowledge, analytical skills and professional values needed to work as accountants, auditors, finance managers, tax consultants or business advisors in the public or private sectors. To enrol, candidates need a KCSE mean grade of C+ (Plus), KASNEB diploma qualifications, or any other recognised diploma. The KASNEB CPA Foundation study guide has 3 sections and about 896 words.
01Foundation Level: Building the Mechanics and Vocabulary
Foundation papers test the vocabulary and mechanics that later levels assume. In Financial Accounting, know the accounting equation (Assets = Liabilities + Capital), double-entry rules, books of prime entry, the trial balance, accruals and prepayments, depreciation methods, and bank reconciliation.
277 words, about 1 min02Intermediate Level: Standards, Decisions and Assurance
Intermediate level joins mechanics to standards and decision-making. Financial Accounting and Reporting covers IAS/IFRS recognition and measurement - IAS 16 property, plant and equipment, IAS 2 inventories, IAS 38 intangibles, IFRS 15 revenue, IAS 37 provisions, deferred tax under IAS 12 - and preparation of company financial statements.
304 words, about 2 min03Advanced Level: Integration, Strategy and Professional Judgement
Advanced papers integrate reporting, strategy and assurance at group and policy level. Financial Reporting and Analysis covers consolidation (control, goodwill, non-controlling interest, intra-group eliminations), associates and joint arrangements, IFRS 9 financial instruments, IFRS 16 leases, deferred tax in groups, and ratio interpretation.
315 words, about 2 min