KLB form 3 physics notes

Entrepreneurships skills notes

Uhakiki sawa na fasihi ni dhana ambayo imeelezwa kwa njia tofauti na wataalamu mbali mbali. Hatahivyo, wote wameeleza dhana ya uhakiki kwa kuihusisha na fasihi. Tutaanza kwa kunukuu maoni yawataalum mbali mbali kisha tuyaunganishe pamoja ili kutoa fasili moja itakayotuongoza katika kuelewadhana hii ya uhakiki.

Psychology is defined as the scientific study of human behavior and mental processes /The science of behavior and mental processes. Psychology studies WHO and WHAT we are, WHY we act and think in a particular manner and what is our potential as an individual.

The paper is a mock examination paper which was done this year 2024 by prestigious National schools

This chapter starts by appreciating that besides the company there are other forms of business associations, such as cooperatives, partnerships and sole proprietorships. It then distinguishes these other forms of business associations from the company, which is our main focus. The chapter then goes ahead to look at the law governing other forms of business associations with special attention to cooperative societies

At the end of every financial year, company’s are expected by statute to have their financial statements reviewed by an independent professional who after going through the accounts, expresses an opinion as to whether the financial statements present a true and fair view of the financial position of the company. This procedure is normally called a year end audit and is conducted by an auditor. This chapter gives an introduction of auditing and its benefits. By the end of this chapter, you are expected to have a general understanding of the general Audit environment by being able to distinguish between auditing and accounting, the objects of an audit, types of audits, stages of an audit and the benefit

The term law has no assigned meaning. It is used in a variety of senses. Although different writers have attempted to explain the term Law, no generally accepted explanation has emerged. The study of the nature of law is known as Jurisprudence. Persons who explained the term law from the same point of view form a school of jurisprudence/thought. The word jurisprudence derives from the Latin term jurisprudentia, which means “the study, knowledge, or science of law.” In the United States jurisprudence commonly means the philosophy of law. Legal philosophy has many aspects, but four of them are the most common. The first and the most prevalent form of jurisprudence seek to analyze, explain, classify, and criticize entire bodies of law. Law school textbooks and legal encyclopaedias represent this type of scholarship. The second type of jurisprudence compares and contrasts law with other fields of knowledge such as literature, economics, religion and the social sciences. The third type of jurisprudence seeks to reveal the historical, moral, and cultural basis of a particular legal concept. The fourth body of jurisprudence focuses on finding the answer to such abstract questions as “What is law?” and “How do judges (properly) decide cases?

Taxation is the part of public finance that deals with the means by which the government raises revenue from the public by imposing taxes which revenue is used by the government to provide goods and services to the public or its citizens (to carry out government functions). Taxation may be referred to as the revenue raising activity of the government. Public Finance is the department of economic theory that deals with public expenditure and revenue. Economics deals with resource allocation and seeks to answer the three questions of: who to produce, how to produce and for whom to produce. We will start by exploring the government expenditure, which is characterized by the expected activities of a government. We will then look at the taxation as source of revenue to finance the government expenditure

Financial Management is a discipline concerned with the generation and allocation of scarce resources (usually funds) to the most efficient user within the firm (the competing projects) through a market pricing system (the required rate of return). A firm requires resources in form of funds raised from investors. The funds must be allocated within the organization to projects which will yield the highest return. We shall refer to this definition as we go through the subject. 1. 2 Required Rate of Return (Ri) The required rate of return (Ri) is the minimum rate of return that a project must generate if it has to receive funds. It’s therefore the opportunity cost of capital or returns expected from the second best alternative. In general, Required Rate of Return = Risk-free rate + Risk premium