KASNEB CS23 study guide
KASNEB CS23 · Work through your exam, one topic at a time.
Kasneb - the Kenya Accountants and Secretaries National Examinations Board - is a State Corporation under The National Treasury and Economic Planning, established by the Government of Kenya in 1969. Its 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. Its qualifications are offered at four levels: Certificate, Diploma, Professional and Post-Professional. CS23 is the secretarial-stream designation within that governance and management family, aimed at candidates building careers in corporate secretarial practice, compliance, and board and registry administration. The KASNEB CS23 study guide has 4 sections and about 1,837 words.
01Corporate Governance and Ethics
Governance is the system by which companies are directed and controlled. It exists because ownership is separated from control: shareholders (principals) delegate to directors (agents), creating agency risk - information asymmetry, divergent interests and monitoring costs.
356 words, about 2 min02Law and Secretarial Practice
Start with the sources of law: the constitution, statute, common law, equity, precedent and custom. Then build up: law of contract (offer, acceptance, consideration, intention to create legal relations, capacity, legality, free consent), agency (actual, implied, apparent authority; ratification), partnership and company law .
381 words, about 2 min03Management and Business Environment
Know the classical functions - planning, organising, leading and controlling - and be able to map them to a manager's day. Add Mintzberg's roles (interpersonal, informational, decisional) and Katz's skills (technical, human, conceptual, shifting in weight with managerial level).
335 words, about 2 min04Finance, Accounting and Taxation
The finance syllabus rewards fluency with time value of money and investment appraisal : discounted cash flow, NPV, IRR, payback and accounting rate of return. You must also handle the cost of capital - cost of equity (dividend growth and CAPM), after-tax cost of debt, and the weighted average - plus capital structure and gearing, dividend policy, and working capital management (cash operating cycle, EOQ, credit policy, overtrading).
765 words, about 4 min