KASNEB CS25 study guide
KASNEB CS25 · Work through your exam, one topic at a time.
KASNEB CS25 refers to an examination sitting under the qualifications offered by the Kenya Accountants & Secretaries National Examinations Board (Kasneb), a State Corporation under The National Treasury and Economic Planning, established by the Government of Kenya in 1969. Kasneb's mandate covers 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, together with accreditation of training institutions in liaison with the ministry in charge of education. The KASNEB CS25 study guide has 6 sections and about 1,760 words.
01Accountancy
A candidate must be fluent in the accounting equation (Assets = Liabilities + Capital), the double-entry rule, and the accounting cycle from source document to trial balance and final statements. Know the distinction between capital and revenue expenditure, the treatment of accruals and prepayments, depreciation methods (straight-line and reducing balance), and the preparation of the statement of financial position and statement of profit or loss.
309 words, about 2 min02Finance
Finance questions test the time value of money, capital budgeting, cost of capital, and working capital management. You must be able to compute present and future values, net present value (NPV), internal rate of return (IRR), payback, and the weighted average cost of capital (WACC).
309 words, about 2 min03Credit
Credit management covers the assessment, granting, monitoring, and collection of credit. Candidates must understand the 5 Cs of credit - character, capacity, capital, collateral, and conditions - and the credit appraisal process from application to disbursement.
292 words, about 1 min04Governance and Management
This domain blends corporate governance with management theory. On governance, know the principles of accountability, transparency, fairness, and responsibility; the roles of the board, audit committee, and external auditor; and the separation of ownership from control (agency problem).
267 words, about 1 min05Information Technology
IT questions cover information systems, controls, and security. Know the components of an information system (hardware, software, data, people, processes), the types of systems (transaction processing, management information, decision support, executive information), and the accounting information system.
279 words, about 1 min06Related Disciplines
This domain covers the supporting disciplines: business law, economics, quantitative methods, and professional ethics. In business law, know the essentials of contract (offer, acceptance, consideration, intention), the law of agency, and the duties of directors.
304 words, about 2 min