Are you interested in starting CPA classes and would like to know how much is charged for the lessons? Here is the CPA course fee structure in Kenya.
KASNEB is a professional body in Kenya that regulates and sets standards for accountants and financial professionals. The body was established in 1973 through an Act of Parliament.
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CPA Course Fees Structure in Kenya 2024
Below is the CPA course fee structure:
First, note that the CPA course fee structure applies to all other KASNEB professional courses. These include:
- CCP (Certified Credit Professionals)
- CS (Certified Secretaries)
- CIFA (Certified Investment and Financial Analysts)
- CICT( Certified Information Communication Technologist)- note that it has a few fee differences in examinations.
Registration Fees
KASNEB charges different amounts for vocational certificates, certificate examinations, professional examinations, post-professional specialists, and Holders of Foreign Accountancy/Secretaries and Financial Analyst qualifications.
For instance, someone looking to register for professional examinations (CPA, CS, CIFA, CCP, CISSE) would have to pay a registration fee of Ksh.7,500 and an annual renewal of Ksh.2,000, and a registration activation of Ksh.4,000.
Examination Booking Fees
Like registration and renewal, KASNEB charges members examination and booking fees based on their course.
For example, students taking Vocational Certificate Examinations will pay a specific fee for the Entrepreneurship and Innovation paper. Every paper will cost them Ksh.700 or $12.
Specifically for CPA:
- The foundation exam per page goes for 1,400 Kenyan shillings.
- The intermediate exam goes for 2,400 Kenyan shillings.
- The advanced exam is 3,600 Kenyan shillings.
- Practical paper: business and data analysis goes for 7,500 Ksh.
| PROFESSIONAL EXAMINATIONS – CPA/CS/CIFA/CCP | ||
| Registration fee | 7,500 | 125 |
| Annual registration renewal fee | 2,000 | 35 |
| Registration reactivation fee | 4,000 | 65 |
| Student identity card replacement fee | 500 | 10 |
Exemption fees
What are the exemption fees according to the KASNEB CPA fee structure?
You must pay a certain fee if you are looking for r exemption for Diploma, Professional, and Post Professional Specialization Examination.
The fee for Diploma examinations is Ksh 1,500 ($25), while the institution charges different fees per paper for professional and post-professional Examinations.
For the CPA course, the
- The foundation exam is 2,500 Kenyan shillings.
- The intermediate exam is 3,500 Kenyan shillings.
- The advanced exam is 4,500 Kenyan shillings.
How to pay for either registration, examination, or exemption fees
Payment is made through various KASNEB collection banks with accounts. These banks include
- National Bank of Kenya account number 01001031572601
- Equity Bank Ltd Account number 0170299238025
- Kenyan Post Office Saving Bank account number 0744130009246
- Co-operative Bank of Kenya Ltd account number 01129128535900
Students in Kenya can also make payments at the KASNEB counters in the Huduma Centres: GPO in Nairobi, Mombasa, Eldoret, Kisumu, Nyeri, Kisii, and Nakuru. Students in foreign countries may pay fees in US dollars to KASNEB KCB collection account No. 1123096465, domiciled at Capital Hill Branch, Nairobi.
After that, students should submit the requisite forms to KASNEB with a copy of the bank deposit slip or evidence of electronic transfer of the money.
Examination entry/annual registration renewal forms and remittances sent by post should be posted at least one week before the closing date to ensure they are received in time.
Frequently Asked Questions
How long do CPA classes last?
When it comes to the time it will take to get your CPA. You should expect to commit about seven years to earn your license.
Each state has different requirements, so you may find that where you live may have more or fewer prerequisites.
What are the disadvantages of being a CPA?
Difficulties of being an accountant with the CPA credential include the required qualifications, work-life balance, and work’s repetitive and stressful nature.
- Long Pathway to Credential.
- Work-Life Balance Challenges.
- Stress Difficulties of Being an Accountant.
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How many levels are in CPA?
The CPA Exam comprises four separate exams (referred to as sections), is administered by the AICPA, and totals 16 hours (4 hours per section).
The four sections of the exam are Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Regulation (REG), and Business Environment and Concepts (BEC).
Is CPA difficult to pass?
The CPA Exam is difficult. But it doesn’t mean you won’t be able to pass it! Understanding the difficulty allows you to plan strategies for overcoming obstacles and provides perspective on the skills that the AICPA considers most valuable in the modern CPA candidate.
Who is eligible for CPA?
- A candidate must have a bachelor’s degree or equivalent to enroll in the CPA certification program.
- The candidate must finish 150 hours of the CPA course semester to get the CPA license.
- Many states demand that candidates have 1-2 years of experience working under the supervision of a CPA.
Conclusion
The KASNEB website possesses all the necessary resources for prospective students and members looking to take exams on the specified dates.
The institution has revamped its efforts to provide members with as much information as possible.
Ascertain that you check out the latest KASNEB fee structure to familiarize yourself with the updated costs. This way, you can budget early.
