CPA Section 3 – Financial Reporting (KASNEB)


This unit is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to prepare financial statements for various entities and account for specialised transactions in both the public and private sectors

What Will I Learn?

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

Topics for this course

36 Lessons

Assets of Financial Statements

Assets and liabilities covered in Paper No. 1: Financial Accounting still examinable (in the context of published financial statements)
Borrowing costs
Investment property
Financial Instruments (presentation, recognition, classes, measurement, de-recognition and disclosures) (excluding impairment, hedging and embedded derivatives)
Leases (all aspects including dealers and sale and leaseback)

Liabilities of Financial Statements

Further Aspects of Partnerships

Special Transactions

Financial Statements for Various Types of Businesses

Published Financial Statements

Consolidated Financial Statements

Financial Statements Under IPSASs

Emerging Issues and Trends

About the instructors

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50 Courses

45 students


Material Includes

  • Lecture Videos, Notes, Question and Answers


  • Pass in CPA Section II

Target Audience

  • Students
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