CPA Part I Section I

    Intro One

    Introduction

    This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to advance in financial accounting, commercial law, Entrepreneurship and Communication

    LEARNING OUTCOME

    Financial Accounting

    A candidate who passes this paper should be able to:

    • Prepare books of original entry and basic ledger accounts under double entry
      system
    • 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
    LEARNING OUTCOME

    Commercial Law

    A candidate who passes this paper should be able to:

    • Apply general principles of commercial law in business
    • Identify the various dispute resolution mechanisms
    • Demonstrate knowledge of legal personality
    • Describe the different types of property
    • Apply the law of contract in various scenarios
    LEARNING OUTCOME

    Entrepreneurship and Communication

    A candidate who passes this paper should be able to:

    • Identify and screen viable business opportunities
    • Develop a business plan
    • Demonstrate entrepreneurial orientation
    • Communicate effectively in a business environment
    • Apply entrepreneurial competencies in response to the emerging trends in the
      business environment

    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

    CPA Part II Section III

    Intro One

    Introduction

    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

    LEARNING OUTCOME

    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
      restructuring
    • Comply with the legal principles relating to companies incorporated outside
      Kenya
    • Ensure books of account are prepared in compliance with the law.
    LEARNING OUTCOME

    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
    LEARNING OUTCOME

    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.

    CPA Part II Section IV

    Intro One

    Introduction

    This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to advance in Auditing and Assurance, Management Information Systems and Quantitative Analysis

    LEARNING OUTCOME

    Auditing and Assurance

    A candidate who passes this paper should be able to:

    • Plan an audit assignment
    • Comply with the regulatory framework during an audit assignment
    • Obtain audit evidence and use the work of others to meet audit objectives
    • Assess audit risk
    • Execute an audit assignment and prepare an audit report
    LEARNING OUTCOME

    Management Information Systems

    A candidate who passes this paper should be able to:

    • Effectively use ICT facilities in an organisation
    • Apply the knowledge of ICT strategy and its role in facilitating competitive
      advantage in business
    • Use data communication networks, the Internet and e-commerce in optimizing
      business opportunities
    • Implement information systems’ security, controls and social ethical issues
      required in a business environment
    • Implement ICT governance and risk management principles in business
    LEARNING OUTCOME

    Quantitative Analysis

    A candidate who passes this paper should be able to:

    • Use mathematical techniques in solving business problems
    • Apply set theory in business decision making
    • Apply operation research techniques in decision making
    • Apply simulation techniques in analyzing business situations.

    CPA Part III Section V

    Intro One

    Introduction

    This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to advance in Strategic, governance and Ethics, Advanced Management Accounting and Advanced Financial Management

    LEARNING OUTCOME

    Strategic, Governance and Ethics

    A candidate who passes this paper should be able to:

    • Analyse the environment and its impact on strategic decision making
    • Formulate and implement a strategic plan
    • Practice the tenets and principles of good governance
    • Comply with ethical principles in an organisation
    LEARNING OUTCOME

    Advanced management Accounting

    A candidate who passes this paper should be able to:

    • Use cost estimation data in decision making
    • Apply inventory management techniques to decision making
    • Use financial and non-financial indicators to measure organisational
      performance
    • Apply environmental management accounting concepts in practice
    LEARNING OUTCOME

    Advanced Financial Management

    A candidate who passes this paper should be able to:

    • Evaluate capital investment decisions under uncertain economic conditions
    • Design an optimal capital structure for an organisation
    • Predict corporate failure
    • Apply derivatives in financial risk management
    • Apply financial management skills in the public sector

    CPA Part III Section VI

    Intro One

    Introduction

    This section is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to have understanding in Advanced Public Finance and Taxation, Advanced Auditing and Assurance and Advanced Financial Reporting

    LEARNING OUTCOME

    Advanced Public Finance and Taxation

    A candidate who passes this paper should be able to:

    • Design a tax policy
    • Manage Public Private Partnerships arrangements
    • Compute tax for complex aspects of companies and specialized entities
    • Apply tax laws in mitigating tax costs for various tax payers
    • Analyse the taxation issues associated with international transactions
    • Apply advanced public financial management principles in practice
    • Evaluate the effectiveness of the public finance, tax systems and policies in
      economic growth of a country
    • Manage public investments
    LEARNING OUTCOME

    Advanced Auditing Assurance

    A candidate who passes this paper should be able to:

    • Apply international standards in auditing and assurance engagements
    • Implement quality control policies and procedures in management of audits
    • Demonstrate how subsequent events and post balance sheet events affect the
      audit opinion and reports
    • Undertake forensic audits
    LEARNING OUTCOME

    Advanced Financial Reporting

    A candidate who passes this paper should be able to:

    • Prepare financial statements for subsidiaries, associates and jointly controlled
      entities in compliance with International Financial Reporting Standards
      (IFRSs) and International Public Sector Accounting Standards (IPSASs) as
      applicable
    • Analyse financial statements for public and private sector entities
    • Account for complex accounting transactions
    • Apply ethical standards in accountancy work and practice