KASNEB CS13 case studies
KASNEB CS13 · Put your knowledge to work in context.
KASNEB CS13 sits within the qualification framework of the Kenya Accountants & Secretaries National Examinations Board, 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. The KASNEB CS13 case studies are 5 cases and about 3,177 words.
1The Cooperative's Stale Stock and the Lending Covenant
Mwangaza SACCO holds a loan to Kijani Cereals Ltd of KES 8,400,000, secured by a first charge over inventory. Kijani's audited accounts for the year just ended show inventory of KES 12,000,000 and a current ratio of 1.9:1, comfortably above the 1.5:1 covenant.
622 words, about 3 min2The Finance Manager Who Approved His Own Supplier
At Tumaini Water Services, a state-owned utility, the procurement officer resigned abruptly. The finance manager, Otieno, was asked to 'hold the fort' and was given temporary authority over procurement in addition to his finance duties.
601 words, about 3 min3The Overdraft That Looks Profitable on Paper
Zawadi Traders, a wholesaler, has applied to your bank for a KES 5,000,000 overdraft. The relationship manager's memo shows: revenue KES 42,000,000, net profit margin 6%, and a 'healthy' return on equity of 18%.
620 words, about 3 min4The Payroll System Migration and the Missing Records
Chui Manufacturing is migrating its payroll from an on-premise system to a cloud provider. The IT manager proposes a 'big bang' cutover over a single weekend, with the old system decommissioned immediately to save KES 900,000 in licence fees.
701 words, about 4 min5The Audit Partner's Pressure on a Going-Concern Judgement
You are the manager on the audit of Baraka Logistics Ltd. Draft financial statements show a loss of KES 9,000,000, net current liabilities of KES 4,500,000, and a bank loan of KES 20,000,000 due for repayment in eight months.
633 words, about 3 min