KASNEB CA26 study plan

Prepare full financial statements (income statement, statement of financial position) for a sole trader and a partnership from a given trial balance, unaided

Apply year-end adjustments - accruals, prepayments, depreciation, bad and doubtful debts, closing inventory - and reconcile each to the trial balance

Journalise and post corrections of errors and suspense account balances, explaining the effect on profit for each

Build a one-page checklist of IFRS presentation rules for statements of profit or loss, financial position and changes in equity

Compute the full ratio set - profitability, liquidity, efficiency, gearing, investor ratios - from a set of published financial statements

Interpret ratio movements in writing, linking each to business causes rather than arithmetic

Reconcile a statement of cash flows (indirect method) and explain the difference between profit and operating cash flow

Distinguish accounting profit from economic profit and identify three ways earnings can be legitimately or illegitimately managed

Solve time value of money problems - compounding, discounting, annuities, perpetuities, NPV, IRR, payback, discounted payback - without reference notes

Compute weighted average cost of capital, including the after-tax cost of debt and the CAPM cost of equity

Distinguish and apply the main sources of business finance (equity, debt, lease, retained earnings) and match each to a financing need

Explain the impact of dividend policy and gearing on firm value using two competing theoretical positions

Manage working capital by computing the operating and cash conversion cycles and recommending actions to shorten them

Assess a borrower against the credit appraisal framework - character, capacity, capital, collateral, conditions - and document a reasoned recommendation

Analyse borrower financial statements using lending-focused ratios (debt service cover, leverage, liquidity) and flag covenant breaches

Explain the purpose, types and limitations of credit security and credit insurance

Differentiate the credit management process stages from origination through monitoring to recovery, naming the control at each stage

Classify loans by delinquency and compute the provisioning or impairment charge under the expected credit loss approach

Diagnose causes of non-performing loans and design a recovery or restructuring strategy for each cause identified

Explain the roles of credit reference bureaus, credit scoring models and credit policy in controlling portfolio risk

Distinguish the duties of the board, its committees and management, and identify where the separation of ownership and control creates agency risk

Apply the main corporate governance codes and principles to a described governance failure and prescribe remediating controls

Evaluate an organisation's risk management framework against the identify-assess-treat-monitor cycle

Resolve an ethical dilemma using a recognised decision framework and justify the chosen course of action

Map the main business information systems (transaction processing, MIS, ERP, decision support) to the management level each serves

Identify application and general IT controls, including input, processing and output controls, and test them against a described system

Explain the principal cybersecurity threats and the layered controls used to counter them, including access management, encryption and backup

Use data analytics concepts - sampling, spreadsheet functions, visualisation - to describe how audit evidence can be gathered from large datasets

Differentiate e-commerce and e-payment models and their associated control and fraud risks

Sit two full-length timed mock examinations under exam conditions and mark them strictly

Revisit every weak area flagged by the mocks and re-work those questions to full correctness

Consolidate the formula cards, control matrices and policy summaries into one revision pack

Practise exam technique - allocating time per mark, structuring written answers and showing workings