CS Part I Section II

Intro One


This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to have an understanding in Economics, Principles in Accounting, Public Finance and Taxation



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.

Principles of Accounting

A candidate who passes this paper should be able to:

  • Prepare books of original entry and basic ledger accounts under double entry
  • Prepare basic financial statements of sole traders, partnerships, companies
    and manufacturing entities and not for profit organisations
  • Comply with the regulatory framework in the accounting field
  • Account for assets and liabilities
  • Analyse financial statements by use of ratios and statement of cash flows.

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 the budgetary process, public revenue and control public expenditure
    in national and county governments
  • Apply the written tax law in addressing various tax issues
  • Manage non-complex public financial management issues in public entities.