KASNEB CS33 study guide
KASNEB CS33 · Work through your exam, one topic at a time.
KASNEB CS33 is an examination code within the qualification portfolio of 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 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 CS33 study guide has 5 sections and about 1,430 words.
01Accountancy: Double Entry, Accrual Accounting and Reporting Judgements
Accountancy questions test whether you can translate business events into the accounting equation and then into the financial statements. You must understand double entry, the accrual and matching bases, capital versus revenue expenditure, depreciation, inventory valuation at the lower of cost and net realisable value, provisions and contingencies, and the purpose of the trial balance.
318 words, about 2 min02Finance: Time Value, Capital Budgeting and Cost of Capital
Finance questions combine time value of money, investment appraisal, risk and return, cost of capital and working capital management. You should be able to discount cash flows, compute net present value and internal rate of return, distinguish relevant from irrelevant cash flows, calculate weighted average cost of capital using market-value weights, and explain how credit, inventory and cash policies affect liquidity and profitability.
285 words, about 1 min03Credit: Assessment, Policy and Credit Risk Control
Credit questions require you to assess whether a customer or borrower can and will pay. Understand the five Cs, normally character, capacity, capital, collateral and conditions; credit scoring and scorecard cut-offs; credit terms such as 2/10 net 30; the cost of offering a discount; credit limits; covenants; security; monitoring; ageing analysis; and provisioning for expected credit losses.
283 words, about 1 min04Governance and Management: Boards, Risk and Control
Governance questions examine how organisations are directed and controlled. Know agency theory, stakeholder theory, the roles of the board and management, the separation of chair and chief executive, independent non-executive directors, board committees, particularly audit and risk committees, disclosure and transparency, and the comply-or-explain approach.
271 words, about 1 min05Information Technology: Systems, Controls and Cyber Resilience
IT questions test your understanding of information systems, data integrity, security and control. Know the CIA triad: confidentiality, integrity and availability.
273 words, about 1 min