A public corporation is an organization in which the government has a stake in its ownership. Public corporation normally provides essential services at a fee to the members of the society, e.g. Kenya Pipeline Company, KBC etc. When the revenue earned from the supply of these services is more than the expense incurred, the surplus is paid to the government. 

(ii) Fines and penalties. 

The judicial system in the country is made of courts and tribunals which impose fines and penalties on individuals, firms and corporations that break the laws of the land. The money raised from the fines and penalties becomes public revenue. 

(iii) Fees 

The government renders some direct services to its citizens such as licensing of marriages, issuing birth certificates, permits, issuing and renewal of driving licenses. For such services a small fee is usually charged. Such fees are a source of public revenue. 

(iv) Income from properties. 

The government owns many properties. These include homes for which rent is charged, land for which rates are charged and game parks where entry fees are charged. This also is a source of public revenue. 

(v) The government charges interest on loans borrowed by the public through its corporation's e.g. Agricultural Finance Corporation, Kenya Industrial Estate (K.I.E) etc. This interest collected constitutes part of the public revenue. 

(v) Sale of real assets The government may sell assets that belong to its parastatals and other state corporations as well as local authority assets. This may take the form of privatization of state corporations, sale of council assets and direct sale of government properties (e.g. vehicles, Grand Regency etc. 

(vi) Royalties These are payments to the government arising from the use of natural resources by companies and individuals e.g. in the use of mines and forests. 

QUESTIONS

1.what concept in finance regarding to HR management applies to Charging Professional Work?

2. what guides the Director's remuneration as a concept in human resource management?

3.what functions are played by the Board balance a their composition in the human resource management framework?

4.what parameter are followed in the Appointments to the board of directors of a role of HRM?

5.how does HRM allow for the Re-election of directors?

6.analyze and elaborate the role of the chairman and the chief executive as members of the human resource management

7.what could be termed as the best practices in the auditing of human resource managers?

8. correlate the role of the audit program  to the objective of the HRM

9.what is interpreted by the Standardized working papers in the context of HRM?

10.what is the implication of the Inherent risk in utilization of the parameters for the HRM?

Answer rating: 100% (QA)

1 The concept in finance related to HR management that applies to charging professional work is cost accounting Cost accounting involves determining the cost of producing goods or services including t... View the full answer