Financial Management is the planning Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.

The purpose of this financial management Question and Answer is to equip the candidate or student with knowledge and skills on how to prepare for his or her final FM exam paper

The case management process involves assisting a child (and their family) through direct support and referral to other services for comprehensive intervention in risky situation. It consists of intake, assessment, planning, implementation, monitoring, review of case plan and closure of the case with an aim of delivering quality services to the child and the family. It calls for a multi-sectoral approach by all child protection stakeholders including national, county government, civil society organizations, community, family and children to address child protection concerns. The Guidelines are aimed at standardizing service delivery in case management and referral mechanisms in child protection in Kenya.

The purpose of these leadership and management advanced level notes is to equip the candidate with knowledge and skills to enable him or her to apply and demonstrate leadership and management skills to grow an enterprise various circumstances and environments including under uncertainties

The purpose of these Advanced financial management notes is to equip the candidate or student with knowledge and skills to enable him or her to implement regulations and policy directives governing advanced public financial management issues,apply advanced financial management methods and techniques to analyze and manage public debt, public investments among other areas in the public finance sector.

The purpose Advanced management accounting notes is to equip the candidate with knowledge and skills to enable him or her apply advanced management accounting tools and techniques for decision making in the context of organizational strategy.

The purpose of these management accounting CPA notes is to equip the candidate with knowledge and skills that will enable him or her to apply the principles of cost estimation, cost and management accounting techniques and methods for decision making.

Financial institutions perform the essential function of channeling funds from those with surplus funds to those with shortages of funds. Financial institutions provide a variety of services to sectors of the economy. Failure to provide these services or a breakdown in their efficient provision can be costly to both the ultimate suppliers of funds and users of funds as well as to the economy overall. For instance, bank failures may destroy household savings and at the same time restrict a firm’s access to credit. Insurance company failures may leave household members totally exposed in old age to the cost of catastrophic illnesses and to sudden drops in income on retirement. In addition individual financial institution failures may create doubts in savers ’minds regarding the stability and solvency of financial institutions and the financial system in general and cause panics and even withdrawal runs on sound institutions. Financial institutions are regulated in an attempt to prevent these types of market failures and the costs they would impose on the economy and society at large.

In modern business world job management is becoming very difficult. Therefore managers requires several skills for successful management.. These skills include the following : Technical Skill – ability and knowledge to use tools, equipment, procedures & techniques in a specialized area. The manager must know the skills required in a certain business, the role of each skill and interrelationship between the skills. They should be ready to ask for technical assistance in cases where they are not familiar with a particular skill. Ability in programming operating a word processing program, designing a brochure, training people to use a budgeting system, understanding manufacturing systems, etc. are examples of technical skills. Human Skill refers to ability to work with, understand, mentor & motivate people as individual or groups. This is a sense of feelings and reflects the manager’s perception of superiors, subordinate and peers. Human skills are concerned with understanding of ‘People’. Interviewing job applicants, forming partnerships with other businesses, and resolving conflicts all require these skills. Conceptual Skill –mental ability to coordinate & integrate an organization’s activities, especially in the long-term decisions affecting the organization. It is needed to see the organization as a whole & recognize how the various factors in a situation are interrelated so actions taken are in the best interests of the organization. Conceptual skills also include the competence to understand a problem in all its aspects and to use original thinking in solving the problem. Such competence is necessary for rational decision-making. Decision making, planning, and organizing require these skills.

Management accounting is the application of professional knowledge and skills in preparation and presentation of accounting information in such a way as to assist management in formulation of policies and planning /control of operations of undertakings.