finance-for-procurement
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DATE 06 Dec 2025
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SIZE 1.38 MB
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notes
About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2015 academic period.
Key Content: Likely covers essential definitions, theoretical concepts necessary for mastery of the subject.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "finance-for-procurement" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
KISM AND KASNEB CERTIFIED PROCUREMENT AND SUPPLY PROFESSIONAL (CPSP) PART I FINANCE FOR PROCUREMENT TUESDAY: 24 November 2015. Marks allocated to each question are shown at the end of the question. SECTION A QUESTION ONE (a) Discuss FOUR sources of funds for a business. (8 marks) (b) (2 marks) (i) Define the term “agency relationship”. (ii) Discuss ways in which agency conflicts could be resolved. (10 marks) (Total: 20 marks) (b) Describe the relationship between “functional budget” and “master budget”. (3 marks) (c) You are a trainee at Jua Kali Ceramics Ltd. You have been asked to prepare a cash budget for the months of January, February and March 2016. Assume the actual revenue and costs for the year 2015 and 2016 are as follows: o. c QUESTION TWO (a) Highlight the role of budgets in an organisation. ke SECTION B Month Year 2015 September October November December Sales Sh. “000” 1,000 1,200 1,400 1,600 Year 2016 January February March April 8,000 9,000 10,000 11,000 600 600 600 600 3,500 3,200 3,000 2,800 1,800 2,000 2,200 2,400 Additional information: 1. Assume the cash balance as at 31 December 2015 is Sh.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
KISM AND KASNEB CERTIFIED PROCUREMENT AND SUPPLY PROFESSIONAL (CPSP) PART I FINANCE FOR PROCUREMENT TUESDAY: 24 November 2015. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. SECTION A QUESTION ONE (a) Discuss FOUR sources of funds for a business. (8 marks) (b) (2 marks) (i) Define the term “agency relationship”. (ii) Discuss ways in which agency conflicts could be resolved. (10 marks) (Total: 20 marks) (b) Describe the relation...
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