KASNEB CA26 study guide
KASNEB CA26 · Work through your exam, one topic at a time.
Kasneb (the Kenya Accountants & Secretaries National Examinations Board) is a State Corporation under The National Treasury and Economic Planning, established by the Government of Kenya in 1969. Its mandate is 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 CA26 study guide has 5 sections and about 1,667 words.
01Accountancy
Accountancy questions test whether you can move confidently between the accounting equation (Assets = Capital + Liabilities), the double entry, and the financial statements. Candidates must know IAS 1 presentation requirements, the accrual and going-concern bases, and the recognition criteria in the Conceptual Framework.
338 words, about 2 min02Finance
Finance questions revolve around valuation and the cost of capital. You must handle compounding and discounting, annuities and perpetuities, NPV and IRR, payback and discounted payback, WACC, CAPM, dividend growth models, bond pricing, and the gearing debate including Modigliani–Miller with and without tax.
335 words, about 2 min03Credit
Credit work examines whether a borrower can and will repay. Candidates must know the classical 5 Cs - character, capacity, capital, collateral and conditions - and be able to distinguish capacity (ability to generate cash) from collateral (a fallback, not a source of repayment).
318 words, about 2 min04Governance and Management
Governance is about direction, oversight and accountability; management is about execution. Candidates should understand agency theory and stakeholder theory, the role of the board and its committees, separation of chair and CEO, independence of non-executive directors, audit and risk committees, disclosure and transparency, and shareholder rights.
331 words, about 2 min05Information Technology
The IT section tests whether you can control and audit a computerised environment. Know the components of an information system (hardware, software, data, people, procedures, networks), the benefits and risks of ERP systems, database concepts and data integrity, e-commerce and cloud models, and the CIA triad - confidentiality, integrity and availability.
345 words, about 2 min