Senior 2 · Entrepreneurship
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Explain how entrepreneurs drive socio-economic development in Rwanda, weigh the personal benefits of running a business against its challenges, and use break-even thinking to see a failing business coming.
Turn wishes into SMART goals, break long-term goals into short-term steps, plan the time and resources each step needs, and decide what to do first when everything seems urgent.
Classify the work done in a Rwandan community, explain how paid and unpaid work drive development, recognise the activities that hold it back, and analyse how gender shapes who does which work.
Define market, product, demand and supply, use schedules to find equilibrium prices, compare domestic, regional and international markets, and analyse how the EAC, COMESA and the AfCFTA affect Rwandan businesses.
Explain what taxes are and why Rwanda collects them, tell tax avoidance from tax evasion, classify direct and indirect taxes, calculate VAT at 18% and monthly PAYE, and describe how a business registers with RRA, its rights and obligations, and the sanctions for breaking tax law.
Tell good financial habits from poor ones, separate needs from wants, set SMART financial goals, and prepare, follow and review a personal budget in Frw.
Identify source documents, apply the accounting equation and draw up a simple balance sheet, record transactions by double entry, and write up the books of prime entry, including a simple cash book, for a small Rwandan business.
Explain metrology, quality testing and accurate measurement and how they are linked, use the SI base units and prefixes correctly in business calculations, and describe how products are tested against standards and certified with RSB's S-Mark.
