CPA Section 1 – Financial Accounting (KASNEB)


This Financial Accounting course unit is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to prepare financial statements for different entities.

Financial Accounting course is offered as a unit under KASNEB, Certified Public Accountant (CPA), Section I course.

Benefits of Certified Public Accountant course in Kenya

CPA Kenya – Certified Public Accountant in Kenya certification opens doors to a wide variety of accounting career options. Some major areas in financial accounting CPA course include International Accounting.

CPA in Kenya is the most sought after Professionals amongst the Accounting industry in the world. With global recognition, a CPA Kenya can always find the best place to work anywhere in world and with high remuneration compared to other Accounting Professionals.

CPA Kenya Certification holder earns at-least 30% to 40% more than their non-credentialed counterparts

Starnet Online Colleges in Kenya offers KASNEB Online studies using kasneb online videos, kasneb notes, kasneb questions and answers amongst others.

What Will I Learn?

  • A candidate who passes KASNEB Financial Accounting 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, 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

Topics for this course

62 Lessons01m 29s

Introduction to Accounting

The nature and purpose of accounting00:6:05
Objectives of Accounting4:56
Users of Accounting Information and Their Respective Needs8:50
The accounting equation00:34:26
Regulatory framework of accounting (regulatory bodies such as ICPAK, IFAC, IASB, IPSASB, IAESB)00:06:42
Accounting standards (IASs/IFRSs) (importance and limitations)6:19
Professional ethics00:3:32
Accounting concepts/principles00:16:56
Qualities of useful accounting information7:28

Recording Transactions

Accounting for Assets

Accounting for Liabilities

Correction of Errors and Suspense Account

Financial Statements of a Sole Trader

Financial Statements of a Partnership

Financial Statements of a Company

Financial Statements of a Manufacturing Entity

Accounts from Incomplete Records

Financial Statements of a Not for Profit Organisation

Analysing Financial Statements

Introduction to Public Sector Accounting

Emerging issues and trends

Learning Outcomes

About the instructors

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50 Courses

45 students


Material Includes

  • Lecture Videos, Notes, Question and and Answers


  • - Kenya Certificate of Secondary Education (KCSE) examination with an aggregate average of at least grade C+ (C plus) or its equivalent.
  • - Kenya Advanced Certificate of Education (KACE) with at least TWO Principal passes provided that the applicant has credits in Mathematics and English at Kenya - Certificate of Education (KCE) level or equivalent qualifications.
  • kasneb technician, diploma or professional examination certificate.
  • - A degree from a recognised university.
  • - International General Certificate of Secondary Education (IGCSE) examination grade C in 6 papers with C in both English and Mathematics.
  • - Such other certificates or diplomas as may be approved by KASNEB Examination body in Kenya.

Target Audience

  • Accounting Professionals
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