CPA Part I Section II

Intro

Introduction

This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to understand economics , management accounting and public financial and taxation

Learning Outcomes

Economics

A candidate who passes this paper should be able to:

  • Apply basic mathematical and graphical techniques to analyse economic
    relationships and interpret the results
  • Apply the knowledge of economics in decision making
  • Analyse economic problems and suggest possible policy related recommendations
  • Apply knowledge of economics in international trade and finance
  • Apply economic principles in the development and implementation of policies
    in agriculture and industry
  • Demonstrate an understanding of emerging economic issues.
Learning Outcomes

Management Accounting

A candidate who passes this paper should be able to:

  • Use computers in cost management.
  • Analyse variances for decision making
  • Analyse an organisation’s activities through budgetary control process
  • Prepare marginal and absorption cost statements
  • Analyse product costs for manufacturing and non-manufacturing activities
  • Estimate the cost of goods and services
Learning Outcomes

Public Finance and Taxation

A candidate who passes this paper should be able to:

  • Comply with the regulatory framework in public financial management (PFM)
  • Compute tax for various entities
  • Manage non-complex public financial management issues in public entities
  • Apply the written tax law in addressing various tax issues
  • Manage the budgetary process, public revenue and control public expenditure
    in national and county governments