KASNEB CS13 study plan

Define and distinguish the elements of financial statements (assets, liabilities, equity, income, expenses) and apply recognition criteria to five short scenarios

Prepare a trial balance from a list of transactions and correct three deliberate errors using a suspense account

Compute and explain the purpose of each major ratio category (profitability, liquidity, gearing, efficiency) on one set of simplified accounts

Record adjusting entries for accruals, prepayments, depreciation and bad debts without reference notes

Construct a full set of financial statements from a trial balance including adjustments, in under 45 minutes

Explain the qualitative characteristics of useful financial information and apply them to two reporting judgements

Define the time value of money and compute present and future values for single sums and annuities using both formula and tables

Compare and contrast the main sources of business finance (equity, debt, retained earnings) and state two advantages and two drawbacks of each

Calculate and interpret net present value, internal rate of return, payback and accounting rate of return for three capital projects and recommend one with justification

Compute the weighted average cost of capital for a company with both debt and equity and explain each component's inputs

Explain the relationship between risk and return and compute expected return and standard deviation for a two-asset portfolio

Describe the purpose and mechanics of working capital management and compute the operating and cash conversion cycles

Explain the five Cs of credit and apply them to assess three borrower profiles

Compute and interpret key credit ratios (interest cover, debt-to-equity, current ratio, debt service cover) from given financial data

Distinguish the main types of credit facilities and security (fixed and floating charges, guarantees, liens) and match each to a lending scenario

Outline the stages of credit appraisal, approval, monitoring and collection, and identify two control weaknesses at each stage

Distinguish the roles of the board, management and shareholders and evaluate two governance failures against accepted principles

Explain the purpose and composition of board committees (audit, risk, remuneration, nomination) and draft terms of reference for one

Apply the main principles of corporate governance codes to a described company and identify three compliance gaps

Describe the elements of an internal control system and classify five given controls as preventive, detective or corrective

Describe the components of an information system (hardware, software, data, people, processes) and map them onto a described business process

Explain the main types of information systems (transaction processing, management information, decision support, executive information) and match each to a management level

Identify five internal control risks in a computerised accounting environment and propose a control for each

Explain the purpose of data backup, disaster recovery and access controls and outline a basic backup and recovery plan

Explain the elements of a valid contract and apply them to four short business scenarios

Distinguish the main forms of business organisation (sole trader, partnership, company) by liability, formation and taxation

Outline the core duties of an auditor and the key ethical threats (self-interest, self-review, familiarity) with a safeguard for each

Describe the main provisions of employment and data protection law relevant to a business and identify two compliance obligations

Complete two full-length timed mock papers under exam conditions and record the score for each domain

Re-work every question missed in the mocks until solved without notes and log the underlying concept for each

Revise the weakest two domains identified by mock scores using condensed summary notes

Recite the key formula sheet and governance and credit definitions from memory in a 15-minute self-test