Principles of Accounting and Taxation

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Syllabus

1. 1 SEPT-DEC 2026 Lesson
2. 2 MAY-AUGUST 2026 Lesson
3. 3 JAN-APRIL 2026 Lesson
4. 4 LIVE ZOOM CLASS LINK(EVERY SAT 7AM-11AM) Lesson
5. 5 SEPT-DEC 2025 Lesson
6. 6 MAY-AUG 2025 Lesson
7. 7 JAN-APRIL 2025 Lesson
8. 8 JAN-APRIL 2024 VIDEOS Lesson
9. 9 MAY-AUG 2024 Lesson
10. 10 SEP-DEC 2024 Lesson
11. 11 1. Introduction to Accounting Lesson
12. 12 1.1 The nature and purpose of accounting Topic
13. 13 1.2 Users of accounting information and their respective needs Topic
14. 14 1.3 Accounting Standards and their purposes (IFRS, IASs, IPSAS) Topic
15. 15 1.4 Regulatory framework (ICPAK, IASB, IAESB, IPSASB), the Companies Act Topic
16. 16 1.5 Professional ethics Topic
17. 17 1.6 Principles, concepts and conventions underlying the preparation of accounting statements Topic
18. 18 2. Accounting Procedures and Techniques Lesson
19. 19 2.1 Accounting Cycle Topic
20. 20 2.2 Double entry book-keeping Topic
21. 21 2.3 Books of original entry (journals, ledgers, cashbooks) Topic
22. 22 2.4 Balancing accounts and preparing the trial balance Topic
23. 23 2.5 Depreciation of non-current assets including their disposal (by part exchange; ordinary sale; accident) Topic
24. 24 2.6 Preparation of movement of property, plant equipment (as per International, Financial, Reporting Standards) Topic
25. 25 2.7 Trade receivables, bad debts, write-offs and provision for bad and doubtful debts Topic
26. 26 2.8 Accruals, prepayments, reserves and provisions necessary adjustments in statements of financial performance Topic
27. 27 2.9 Introduction to simple statements of financial performance Topic
28. 28 2.10 Statements of financial position Topic
29. 29 2.11 Final accounting statements of a sole trader Topic
30. 30 2.12 Financial statements of a partnership business reflecting changes in partnerships such as admission, retirement and dissolution Topic
31. 31 3. Introduction to Simple Company Accounts Lesson
32. 32 3.1 Company Formation – Documents Topic
33. 33 3.2 Share capital and reserves Topic
34. 34 3.3 Issue of shares at par; premium; discount Topic
35. 35 3.4 Over and under subscriptions Topic
36. 36 3.5 Allotment and calls on shares, forfeiture of shares Topic
37. 37 3.6 Preparation of statements of financial performance and appropriation account and the statement of financial position Topic
38. 38 3.7 Published accounts: Components of a complete set of published financial statements only Topic
39. 39 4. Accounting for Non-Profit Making Organisations Lesson
40. 40 4.1 Features of Non-profit making organisations Topic
41. 41 4.2 Types of funds and their accounting treatment Topic
42. 42 4.3 Income and expenditure account Topic
43. 43 4.4 Statement of financial position Topic
44. 44 4.5 Public Sector Accounting and Financial System Topic
45. 45 4.6 Features of public sector entities (as compared to private sector) Topic
46. 46 4.7 Structure of the public sector (National and county governments, State Corporations, Departments and Agencies) Topic
47. 47 4.8 Regulation and oversight [International Public Sector Accounting Standards Board, Director of Accounting Services, National Treasury, Parliamentary Committees, Accounting Officers at national and county levels, Current PFM Acts Topic
48. 48 4.9 Objectives of public sector financial statements and Standards (IPSAS) Topic
49. 49 4.10 Accounting techniques in public sector such as budgeting, cash, accrual, commitment and fund accounting (Preparation of financial statements excluded) Topic
50. 50 5. Introduction to Taxation Lesson
51. 51 5.1 History of taxation Topic
52. 52 5.2 Types of taxation Topic
53. 53 5.3 Principles of an optimal tax system Topic
54. 54 5.4 Single versus multiple tax systems Topic
55. 55 5.5 Classification of tax systems Topic
56. 56 5.6 Tax shifting Topic
57. 57 5.7 Factors that determine tax shifting Topic
58. 58 5.8 Tax evasion and tax avoidance Topic
59. 59 5.9 Taxable capacity Topic
60. 60 5.10 Fiscal policies Topic
61. 61 5.11 The Revenue Authority; history, structure and mandate Topic
62. 62 6. Investment Allowances Lesson
63. 63 6.1 Rationale for investment allowances Topic
64. 64 6.2 Investment allowance: Ordinary manufacturers Topic
65. 65 6.3 Industrial building deductions Topic
66. 66 6.4 Wear and tear allowances Topic
67. 67 6.5 Farm works deductions Topic
68. 68 6.6 Shipping investment deduction Topic
69. 69 6.7 Other deductions Topic
70. 70 7. Customs Taxes and Excise Taxes Lesson
71. 71 7.1 Customs procedure Topic
72. 72 7.2 Import and export duties Topic
73. 73 7.3 Prohibitions and restriction measures Topic
74. 74 7.4 Transit goods and bond securities Topic
75. 75 7.5 Purposes of customs and excise duties Topic
76. 76 7.6 Goods subject to customs control Topic
77. 77 7.7 Import declaration form, pre-shipment inspection, clean report of findings Topic
78. 78 7.8 Excisable goods and services Topic
79. 79 7.9 Application for excise duty (licensing) Topic
80. 80 7.10 Use of excise stamps Topic
81. 81 7.11 Offences and penalties Topic
82. 82 7.12 Excisable goods management system Topic
83. 83 8. Sample reading and reference material Lesson
84. 84 1. Wood, F., & Robinson, S. (2018). Frank Wood’s Book-Keeping and Accounts (9th edition) Harlow: Pearson Education Limited.. Topic
85. 85 2. Wang’ombe, D. (2008). Fundamentals of Accounting. Nairobi: Focus Publishers. Topic
86. 86 3. Whittenburg, G. E., & Gill, S. (2021). Income Tax Fundamentals 2021 (39th edition). Australia: Cengage Topic
87. 87 4. Kasneb e-learning resources (link on the Kasneb website). Topic
88. 88 5. Kasneb approved study packs. Topic
89. 89 6. Sample text books on taxation from local authors. Topic