Page 62 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

2. Providing resources and directions: Direct students to the
Copyright Society of Tanzania (COSOTA) website (www.cosota.
go.tz) and provide information on how to navigate the site. Also
emphasise them to use additional resources such as articles, videos,
FOR ONLINE READING ONLY
or textbooks that cover royalties, copyright laws, and the music
industry.

3. Guiding and exploration: Clearly outline the key areas students
need to explore that is Concept and significance of royalties, factors
influencing royalty rates and agreements, benefits and challenges
of royalty arrangements and impact of royalties on the music and
entertainment industry dynamics.

4. Facilitating visits and practical exploration: If possible,
organise a visit to the COSOTA office for students to gather
firsthand information. Guide students on how to effectively use
the COSOTA website and other online resources. Also, facilitate
group discussions where students can share findings and insights
with their peers and lead a discussion on the different perspectives
and insights shared in the reports.

Chapter teaching guide

Here are the primary points to consider on this chapter:

1. Fundamental concepts

(a) Definition of royalties: Explain what royalties are, focusing
on their nature as payments made for the use of assets such
as intellectual property (IP), natural resources, or franchises.

(b) Parties involved: Discuss the roles of licensors (owners of
the asset) and licensees (users of the asset).

Teacher’s Guide Form Five
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