1. General Principles of Taxation Tax 111 – Income Taxation Ferdinand C. Importado CPA,
MBA
2. What are taxes? Taxes are enforced proportional contributions from persons and properties
levied by the lawmaking body of the government by virtue of its sovereignty for the support of
the government and public need.
3. Elements of a tax • Enforced contribution • Generally payable in money • Proportionate in
character • Levied on persons, properties, or the exercise of a right or privilege • Levied by the
state which has jurisdiction over the subject or object of taxation • Levied by the lawmaking
body of the state • Levied for public purpose
SUSTAINABILITY AND STRATEGIC AUDIT
 The strategic audit is a system to identify the extent of implementing a company's
strategies, its purposes, and how to reach its goals. It requires drawing a strategic plan
and seeking to implement this plan in order to achieve the company’s message and goals.
 A strategic audit assesses your current business strategy, how suitable it is for your
business and whether your company is in position to execute the strategy.
 . The end stage of the project management includes a few stages. Working through the
accompanying agenda to guarantee your undertaking is effectively finished.
 The first step in project closing is to formally transfer all deliverables. As discussed in
this step, this is where the project manager will finish the undertaking to conclude and
move the task expectations of his/her client. Going through in undertaking will intend to
recognize all expectations and ensure they have been completely finished and given off.
POWER
The capacity that A has to influence the behavior of B so that B acts in accordance with A's
wishes
Two facets:
Potential: power does not need to be actualized to be effective
Dependency: based on the available alternatives and their desirability
CONTRASTING LEADERSHIP AND POWER
Differences
1. Goal Compatibility
2. Direction of Influence
3. Research Emphasis
Leadership
1.1 Requires goal congruence
1.2 Focuses on downward influence
1.3 Emphasizes leadership style