Learning Outcomes

Upon completion of this subject, learners should be able to:

1. Explain the objective of public sector accounting, the legal framework for public sector reporting in Kenya and the roles of different professional bodies in public sector accounting and reporting.
2. Discuss the importance of the conceptual framework of general-purpose financial reporting in the public sector.
3. Account for assets and liabilities.
4. Record and account for specialized transactions.
5. Prepare financial reports.
6. Prepare consolidated financial statements for public sector entities.
7. Apply Accrual basis of accounting in the public sector.