CA23: Financial Reporting and Analysis

CA23: Financial Reporting and Analysis is an Intermediate Level paper in the KASNEB CPA qualification. It equips learners with the knowledge and practical skills required to prepare, present, interpret, and analyze financial statements in accordance with International Financial Reporting Standards (IFRS) and applicable legal and regulatory requirements. The course emphasizes the use of financial information to support business decisions, evaluate organizational performance, and enhance accountability to stakeholders.

Key Topics Covered

• Conceptual Framework for Financial Reporting
• Regulatory Framework and IFRS
• Preparation and Presentation of Financial Statements
• Accounting for Non-Current Assets
• Accounting for Current Assets and Inventories
• Revenue Recognition
• Financial Instruments
• Leases
• Provisions, Contingent Liabilities, and Contingent Assets
• Statement of Cash Flows
• Business Combinations
• Consolidated Financial Statements
• Accounting for Associates and Joint Arrangements
• Earnings per Share (EPS)
• Segment Reporting
• Related Party Disclosures
• Events After the Reporting Period
• Financial Statement Analysis and Interpretation
• Sustainability and Integrated Reporting
• Ethical Issues in Financial Reporting