CPA Part II Section III

Intro One


This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to advance in Company Law, Financial Management and Financial Reporting


Company Law

A candidate who passes this paper should be able to:

  • Apply legal principles relating to formation of companies
  • Evaluate the rights and obligations of members and shareholders
  • Comply with the legal principles governing corporate insolvency and
  • Comply with the legal principles relating to companies incorporated outside
  • Ensure books of account are prepared in compliance with the law.

Financial Management

A candidate who passes this paper should be able to:

  • Analyse the sources of finance for an organisation
  • Evaluate various investment decision scenarios available to an organisation
  • Appraise the performance of a business using financial tools
  • Evaluate the current developments in business financing strategies
  • Formulate the capital structure for a firm
  • Determine the future value of a firm

Financial Reporting

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
  • Apply International Financial Reporting Standards (IFRSs) and International
    Public Sector Accounting Standards (IPSASs) in preparing non-complex
    financial statements.