KASNEB CS21 case studies
KASNEB CS21 · Put your knowledge to work in context.
KASNEB CS21 refers to the Kasneb qualification and examination structure covering six domains: Accountancy, Finance, Credit, Governance and Management, Information Technology, and Related Disciplines. Kasneb is a State Corporation under The National Treasury and Economic Planning, established by the Government of Kenya in 1969, and its mandate includes developing syllabuses, conducting professional, diploma and technician examinations, certifying candidates in those disciplines, promoting its qualifications nationally, regionally and internationally, and accrediting training institutions in liaison with the ministry in charge of education. The KASNEB CS21 case studies are 6 cases and about 2,665 words.
1The Revenue Recognition Timing Dispute
Mwangaza Supplies Ltd, a Kenyan wholesaler of solar equipment, signs a KES 24 million contract in November 2024 to deliver 300 inverters to a county government. Delivery is scheduled for February 2025, but the county pays a 30% advance in December 2024 and insists the goods be invoiced and 'booked' in December so the funds are absorbed within the current financial year.
463 words, about 2 min2Covenant Breach and the Refinancing Decision
Tembo Agro Ltd has a KES 60 million term loan at 14% fixed, repayable in equal annual instalments of KES 15 million over four years. Its loan covenant requires a debt service coverage ratio (DSCR) of at least 1.25.
413 words, about 2 min3Trade Credit to a Growing Distributor
Baraka Distributors applies for a KES 8 million revolving trade credit facility. Financials show: revenue KES 40 million, gross margin 22%, net profit KES 1.6 million, receivables KES 9 million, inventory KES 6 million, payables KES 5 million, and a bank overdraft of KES 3 million already in use.
455 words, about 2 min4Board Independence Under Family Control
Kilimo Bora Holdings is a family-owned agribusiness with 12 subsidiaries and 400 employees. The board has seven directors: the founder (chairman), his two sons (CEO and operations director), the founder's lawyer, the company secretary, and two 'independent' directors - a retired banker who is a personal friend of the founder and a supplier who earns KES 3 million a year from the group.
432 words, about 2 min5The Ransomware Incident Response
On a Friday evening, a mid-sized SACCO's core banking system is encrypted by ransomware. The attacker demands KES 4 million in cryptocurrency.
436 words, about 2 min6Professional Ethics and the Audit Partner's Pressure
You are the audit partner on the statutory audit of a listed company, Safari Hotels plc. The audit fee is KES 6 million, which is 18% of your firm's total annual revenue.
466 words, about 2 min