List of Accounting Courses in Kenya |Requirements and Fees

accounting courses in kenya
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Accounting is the soul of any business enterprise. Proper accounting allows an organization to evaluate its progress or decline, especially in growing economies where many government policies can easily affect business operations, like in Kenya.

This is why it’s important that protective accountants get the best accounting education and continue to train and retrain themselves to keep up with industry standards.

For this reason, we will be looking at the best accounting courses in Kenya and the best colleges to study accounting courses in Kenya.

We will also examine the various requirements and eligibility criteria prospective students are expected to meet to get into these schools.

Our article will answer any questions you might have about studying accounting in Kenya and the career path for anyone who studies accounting courses in Kenya.

Table of contents

What is Accounting?

According to Forbes.com, accounting is the process of recording, classifying, and summarizing financial transactions. It provides a clear picture of an organization’s financial health and performance, which can catalyze resource management and strategic growth.

Accounting is like a powerful machine where you input raw data (figures) and get processed information (financial statements). The whole point is to give you an idea of what’s working and what’s not so you can fix it.

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Why Choose Accounting Courses in Kenya?

One reason anyone should choose to study accounting in Kenya is that it’s a skill that is highly in demand there. This creates enormous job opportunities for both the private and public sectors.

Because accounting is a highly demanded skill, the salaries of most accountants are attractive, with competitive benefits.

Another reason to choose accounting courses in Kenya is that they present a clear path to a progressive career. If you are good at your job as an accountant, you can move from an entry-level position to a senior position.

Some of the other reasons why you should consider studying accounting in Kenya include:

Versatility: The banking, insurance, government, and nonprofit sectors are just a few companies that can benefit from having accounting professionals on staff.

Global Opportunities: Kenyan accounting degrees are accepted worldwide, opening doors to employment opportunities.

Types of Accounting Courses Available in Kenya

Certificate Courses

Accounting certificate programs are a great option for newcomers and those wishing to learn the field’s fundamentals. These courses typically cover the foundational ideas and procedures of accounting.

Diploma Courses

Diploma programs offer a deeper comprehension of accounting. They are appropriate for people who wish to learn more about accounting principles and acquire valuable abilities.

Degree Programs

Accounting bachelor’s degree programs provide in-depth instruction and understanding. They include advanced subjects in accounting, finance, auditing, and taxation.

Professional Courses

Professional programs like the Chartered Financial Analyst (CFA), Association of Chartered Certified Accountants (ACCA), and Certified Public Accountants (CPA) are highly regarded and acknowledged worldwide.

These courses aim to help students become highly skilled and recognized in their field.

Short Courses

Short accounting courses concentrate on particular topics, including financial management, audits, and taxes. These courses are excellent for professionals who want to concentrate on a particular industry or improve their skill set.

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Accounting courses offered at Universities and Colleges in Kenya

The following are some of the accounting courses you can study in some colleges in Kenya;

Certified Public Accountants (CPA)

A Certified Public Accountant (CPA) is a skilled and competent professional accountant, auditor, finance manager, tax consultant, and practitioner in the public and private sectors.

Accounting Technician Diploma

Getting this Diploma equips candidates with the skills and competencies to work as middle-level accountants providing technical support in accounting, auditing, and taxation.

Accounting and Finance

This diploma program in accounting and finance aims to give current employees and aspiring students of the subject a body of knowledge that will enhance their employment chances.

Certificate in Accounting and Management Skills (CAMS)

The Kasneb Certificate in Accounting and Management Skills (CAMS) program is intended for individuals who meet the requirements to become qualified candidates for entry-level management and accounting positions in small businesses.

Accounting and Finance

The ICM is an entry-level curriculum and Certificate in Accounting and Finance. It is meant to introduce students to accounting while providing them with valuable, practical skills.

Professional Course  Association of Chartered Certified Accountants

ACCA – The Association of Chartered Certified Accountants is the globally recognized body for accountants—persons holding the ACCA professional qualification work or practice as Accountants, Auditors, and Finance experts.

Other accounting courses you can study in Kenya include:

  • Forensic Accounting
  • Internal Audit and Control
  • Management Accounting and Control
  • Financial Risk Manager Certification (FRM)
  • Certified Financial Planner Certification (CFP)
  • Accounting
  • Diploma in Accounting and Payroll Administration
  • Diploma in Accountancy
  • Accounting and Bookkeeping
  • Financial Accounting Fundamentals

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Universities Offering Accounting courses in kenya

Several reputable institutions in Kenya offer accounting courses. Here are some of the top options:

  1. Strathmore University: Known for its high standards and excellent accounting programs, Strathmore University offers various accounting courses, including CPA, ACCA, and degree programs.
  2. University of Nairobi: Offers a range of undergraduate and postgraduate programs in accounting and finance.
  3. Kenya College of Accountancy (KCA) University: Specializes in accounting and finance courses, providing various programs from certificates to postgraduate degrees.
  4. Mount Kenya University: Offers diploma and degree programs in accounting, focusing on practical skills and industry relevance.
  5. Kismet International College: Kismet International College offers Top-notch accounting courses giving students access to the most recent information and abilities in the accounting industry. For those in Kenya who want to become accountants, Kismet International College is a great option because of its cutting-edge facilities and knowledgeable faculty.

Course Curriculum and Duration

In Kenya, accounting curricula are created to give students academic understanding and applied skills. Depending on the level and area of specialization, these courses can have varying lengths. Below is a summary of what to anticipate:

Certificate Courses

Certificate programs, which normally last three to six months, cover basic bookkeeping, introductory financial statements, and foundational accounting principles.

Diploma Courses

Typically, diploma programs take one to two years to finish. They provide more in-depth instruction in several accounting topics, such as taxation, cost, and financial accounting.

Degree Programs

Accounting bachelor’s degree programs normally take three to four years to complete. They include advanced subjects in business law, financial management, auditing, and accounting.

Professional Courses

The length of professional accounting courses like CPA, ACCA, and CFA varies. For instance, the length of the CPA course can vary from two to four years, contingent upon the commitment and speed of the candidate.

Short Courses

Depending on the intricacy and breadth of the topic, short courses in accounting can last from a few days to several months.

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Career Opportunities in Accounting

Upon completing an accounting course in Kenya, numerous career paths are available. Here are some potential career options:

  1. Accountant: Worked in various organizations, managing financial records, preparing financial statements, and ensuring compliance with financial regulations.
  2. Auditor: Conduct audits for organizations to ensure accuracy and compliance with financial standards and regulations.
  3. Tax Consultant: Provide tax-related advice and services to individuals and businesses, ensuring compliance with tax laws and optimizing tax liabilities.
  4. Financial Analyst: Analyze financial data, prepare reports, and provide insights to help organizations make informed financial decisions.
  5. Management Accountant: Focus on internal financial management, budgeting, and organisational performance evaluation.
  6. Forensic Accountant: Investigate financial discrepancies, fraud, and other financial crimes, often working with law enforcement agencies.
  7. Financial Controller: This person oversees an organization’s financial operations, including budgeting, financial reporting, and risk management.
  8. Chief Financial Officer (CFO): Senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.
    marketable accounting courses in Kenya

Benefits of Pursuing an Accounting Career

  1. High Demand: The demand for skilled accountants is consistently high, providing job security and numerous employment opportunities.
  2. Competitive Salaries: Accounting professionals enjoy attractive salaries and benefits, making it a lucrative career choice.
  3. Career Advancement: Accounting offers clear career progression, with opportunities to advance to senior management positions.
  4. Diverse Opportunities: Accounting skills are valuable in various industries, allowing for career flexibility and mobility.
  5. Professional Recognition: Obtaining professional certifications such as CPA, ACCA, or CFA enhances credibility and career prospects.
  6. Intellectual Challenge: Accounting involves problem-solving, analysis, and critical thinking, making it intellectually rewarding.
  7. Global Opportunities: Accounting qualifications from reputable institutions in Kenya are recognized internationally, opening doors to international employment opportunities.
    marketable accounting courses in Kenya

What are the entry requirements for accounting courses in Kenya?

Most schools need a minimum of a high school diploma or equivalent for certificate and diploma programs.

A strong performance in mathematics and English is typically necessary for degree programs. Depending on one’s educational background and professional experience, professional courses such as ACCA and CPA may have additional admission requirements.

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How much do accounting courses cost in Kenya?

Accounting course costs might differ significantly depending on the school, length of the course, and degree of training.

While diploma programs can cost anywhere from Ksh 50,000 to Ksh 150,000, certificate programs typically cost between Ksh 20,000 and Ksh 50,000. Degree programs and professional courses may have higher tuition fees.

Are there any scholarships available for accounting courses in Kenya?

Yes. Accounting students can apply for financial aid and scholarships from several organizations and institutes.

It is advisable to check with the financial assistance departments of the particular institution for information on available alternatives and eligibility requirements.

Can I take accounting courses online?

Many Kenyan universities offer online accounting courses that let students finish their coursework whenever convenient. These courses frequently include practical tasks, exams, and online lectures.

What qualifications will I receive after completing an accounting course?

Accounting students usually obtain a certificate, diploma, or degree, depending on the course level. Programs like ACCA and CPA grant professional certificates.

What is the job outlook for accountants in Kenya?

There is a growing need for financial specialists in various areas, which bodes well for the career outlook of accountants in Kenya. Opportunities for qualified accountants can be found in corporations, international organizations, government agencies, and non-profits.

Can I specialize in more than one area of accounting?

Yes, many accounting programs offer specialties in financial management, taxation, auditing, and forensic accounting. As a result, students can customize their education to fit their desired careers.

What skills will I learn in an accounting course?

Financial accounting, managerial accounting, auditing, taxation, economic analysis, and accounting software are just a few of the many topics covered in accounting courses. Soft skills like critical thinking, problem-solving, and communication are also prioritized.

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Are there any professional organizations for accountants in Kenya?

Yes, several professional organizations, such as the Institute of Certified Public Accountants of Kenya (ICPAK), provide support, networking opportunities, and resources for accountants.

How can I advance my career in accounting?

Gain work experience, get professional certifications, build a strong professional network, and continue your education to advance your accounting career.

Enhancing job chances can also be achieved by participating in professional development programs and keeping abreast of industry developments.

What are the challenges faced by accountants in Kenya?

Keeping up with evolving financial regulations, handling a heavy workload during high financial times, and guaranteeing accuracy in financial reporting are a few problems. The latest developments in accounting software and technology also require accountants to adjust.

Can I work part-time while studying for an accounting course?

Yes, many institutions offer part-time and flexible study options to accommodate working students or other commitments.

What is the role of technology in modern accounting?

Technology is a major factor in modern accounting, as is the development of data analytics, accounting software, and automated financial procedures. Proficiency in these instruments is crucial for accountants to optimize productivity and precision.

How do I choose the right accounting course?

When selecting an accounting course, consider the school’s reputation, course offerings, accreditation, teacher qualifications, and career support services. It’s crucial to match the course to your hobbies and job objectives.

Is practical training included in accounting courses?

Practical instruction, such as internships, coursework, and hands-on usage of accounting software, is a common feature of accounting courses.

Gaining real-world experience is crucial for building transferable abilities.

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What are the benefits of joining a professional accounting organization?

Joining a professional accounting organization allows one to access industry resources, networking opportunities, professional development programs, and career support. It also improves credibility and professional possibilities.

Can accounting qualifications from Kenya be used internationally?

Yes, several accounting degrees from respectable Kenyan universities are accepted abroad. Nevertheless, you might need further credentials or qualifications to work in some nations.

What is the importance of ethical standards in accounting?

Ethical standards are essential in accounting to guarantee integrity, accuracy, and transparency in financial reporting. Respecting moral standards fosters confidence among stakeholders, employers, and clients.

How can I prepare for accounting exams?

Exam preparation for accounting courses includes reading course materials, rewriting previous exam questions, and participating in study sessions or groups.

Time management and a deep comprehension of accounting fundamentals are the secret to success.

Are there any continuing education requirements for accountants?

Maintaining current knowledge of industry advancements, regulatory modifications, and innovative accounting techniques is imperative for accountants through ongoing education.

Members of numerous professional organizations must accrue a specific number of continuing education credits to keep their certifications current.

How do I start my accounting firm in Kenya?

Starting an accounting practice involves acquiring the required credentials, registering the company, collecting capital, and building a clientele. Business success also involves networking, marketing, and business strategy.

What is the difference between public and private accounting?

Public accounting entails contracting with clients to provide accounting services such as tax preparation, auditing, and consultation.

Working for a single company and overseeing its finances and operations is called private accounting.

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What opportunities exist for advanced training in accounting?

Advanced training can include specialized courses in forensic accounting, financial analysis, tax consultancy, and corporate management.

These classes can improve one’s abilities and job opportunities.

To stay current on accounting trends and laws, you can attend industry conferences, participate in professional development programs, and subscribe to accounting journals and newsletters.

What are the key qualities of a successful accountant?

Strong analytical abilities, meticulous attention to detail, moral rectitude, clear communication, and software expertise are characteristics of successful accountants.

They can also adjust to shifting financial conditions and perform effectively under duress.

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FAQs

What opportunities exist for advanced training in accounting?

Advanced training can include specialized courses in forensic accounting, financial analysis, tax consultancy, and corporate management. These classes can improve one’s abilities and job opportunities.

How do I start my accounting firm in Kenya?

Starting an accounting practice involves acquiring the required credentials, registering the company, collecting capital, and building a clientele. Business success also requires networking, marketing, and business strategy.

Can accounting qualifications from Kenya be used internationally?

Yes, several accounting degrees from respectable Kenyan universities are accepted abroad. Nevertheless, to work in some nations, you might need to have further credentials or qualifications.

How do I choose the right accounting course?

When selecting an accounting course, consider the school’s reputation, course offerings, accreditation, teacher qualifications, and career support services. It’s crucial to match the course to your hobbies and job objectives.

Conclusion

Accounting is a very crucial part of any business and can make or mar businesses depending on how serious or unserious such companies take it.

This is why prospective accounting students must get the best accounting education.

It is also why we have discussed the best accounting courses in Kenya and the colleges where you can study them.

References

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