Description

KASNEB CPA ADVANCED FINANCIAL REPORTING ANALYSIS REVISION KIT

KASNEB CPA ADVANCED FINANCIAL REPORTING ANALYSIS REVISION KIT UNIT DESCRIPTION

The KASNEB CPA Advanced Financial Reporting Analysis Revision Kit is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to account for more complex financial transactions and to prepare as well as analyse financial statements in the private and public sectors.

LEARNING OUTCOMES

A candidate who passes this paper should be able to:

• Account for various assets and liabilities
• Prepare financial statements including published financial statements for various types of organisations
• Account for specialised transactions
• Prepare group financial statements
• Analyse and interpret financial statements
• Apply International Financial Reporting Standards (IFRSs) and International Public Sector Accounting Standards (IPSASs) in preparing non-complex financial

CONTENT

1.                 Accounting for Assets and Liabilities [Assets and liabilities as covered in                      Financial Accounting (Foundation Level) are also relevant here]

2.                   Accounting for Specialized Transactions

3.                   Preparation of Financial Statements for different entities/Transactions

4.                   Preparation of Published Financial Statements

5.                   Accounting and Financial Statements for Interests in Other Entities

6.                   Public Sector Accounting Standards

7.                   Analysing Financial Statements