Financial Accounting

This book is in Certified Public Accountants category

Author:

We are glad to present this revision book to candidates and lecturers appearing in Financial Accounting which is examined under Certified Public Accountants (CPA) Part I Section 1.

This revision book contains KASNEB past paper examination Questions and suggested solutions.

Questions and answers in this book are arranged topically giving appropriate weighting to various topics.

The general objective of Financial Accounting is to introduce the candidate to the basic concepts in accounting, regulation, bookkeeping and preparation of financial statements for different types of entities. Specifically a candidate who passes this paper should be able to explain the nature and purpose of accounting, write up books of original entry, prepare ledger accounts under double entry system, prepare financial statements of sole traders, partnerships, companies, manufacturing entities, small and medium sized entities and not-for-making organisations, explain the regulatory framework of accounting, account for assets and liabilities, analyse financial statements by use of ratios and statement of cash flows.

For adequate preparation of the final examination, the candidate is here advised to use this study text together with CPA Section 1 Financial Accounting Partner which contains KASNEB past paper Questions and suggested Solutions.