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STEPS INVOLVED IN PREPARATION OF OFFICE MANUAL The following steps may be taken while preparing an office manual. 1. Assigning an Individual or Formation of a Committee: An individual is enough to prepare an office manual in small size organization. A committee has to be formed to prepare an office manual in the case of large size organization. So, this formality is carried on according to LIMITATIONS OR DISADVANTAGES OF MANAGEMENT ACCOUNTING Limitations or disadvantages of management accounting 1. Based on Financial and Cost Records. Both financial and cost accounting information are used in the management accounting system. INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
4 IMPORTANT TYPES OF PURCHASING POLICIES ADOPTED BY INDUSTRIES Types of Purchasing Policy adopted by Industrial Enterprises. Purchasing policy means purchasing sufficient quantity of materials for all the anticipated needs but neither overstocking nor carrying stocks at low levels.Generally, the following purchasing policies are adopted in an industrial enterprise according to specific requirements and prevalent market conditions; LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the IS MANAGEMENT AN ART OR SCIENCE PROBLEMS FACED BY INVESTORS IN INDIAN CAPITAL MARKET Problems faced by Investors in Indian Capital Market. The investors in the capital market face а number of problems. Some of these problems are discussed below: 1. Inadequate Disclosure. Availability of complete and correct information is required for developing an investor protection system. But the disclosures required under theSecurities
WHAT ARE SINKING FUNDS What is a Sinking Fund? A sinking fund is a fund, which is created with a specific purpose such as. 1. To redeem or repay a long term liability such as debenture, long term loans, etc. 2. To replace a wasting asset, such as a mine. 3. To replace an asset of depreciablenature
VERIFICATION OF CREDITORS Guidelines for auditors in Verification of Creditors. 1. The postings in purchase ledger are to be checked by verifying the books of prime entry. The postings may be checked for part of a year. 2. The balances shown in creditors’ schedule prepared by the management are to be verified with the statement of accounts obtained from the creditors.3.
STEPS INVOLVED IN PREPARATION OF OFFICE MANUAL The following steps may be taken while preparing an office manual. 1. Assigning an Individual or Formation of a Committee: An individual is enough to prepare an office manual in small size organization. A committee has to be formed to prepare an office manual in the case of large size organization. So, this formality is carried on according to LIMITATIONS OR DISADVANTAGES OF MANAGEMENT ACCOUNTING Limitations or disadvantages of management accounting 1. Based on Financial and Cost Records. Both financial and cost accounting information are used in the management accounting system. INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
4 IMPORTANT TYPES OF PURCHASING POLICIES ADOPTED BY INDUSTRIES Types of Purchasing Policy adopted by Industrial Enterprises. Purchasing policy means purchasing sufficient quantity of materials for all the anticipated needs but neither overstocking nor carrying stocks at low levels.Generally, the following purchasing policies are adopted in an industrial enterprise according to specific requirements and prevalent market conditions; LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the IS MANAGEMENT AN ART OR SCIENCE PROBLEMS FACED BY INVESTORS IN INDIAN CAPITAL MARKET Problems faced by Investors in Indian Capital Market. The investors in the capital market face а number of problems. Some of these problems are discussed below: 1. Inadequate Disclosure. Availability of complete and correct information is required for developing an investor protection system. But the disclosures required under theSecurities
WHAT ARE SINKING FUNDS What is a Sinking Fund? A sinking fund is a fund, which is created with a specific purpose such as. 1. To redeem or repay a long term liability such as debenture, long term loans, etc. 2. To replace a wasting asset, such as a mine. 3. To replace an asset of depreciablenature
CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the EFFECTS OF IRREGULAR ALLOTMENT OF SHARES The effects of an irregular allotment of shares can be summarized as follows. 1. Voidable at the option of the Shareholder. An allotment which is not made after complying with the statutory requirements cited above, shall be considered as an invalid allotment and is void. But an irregular allotment is not an invalid allotment or a void 5 TECHNIQUES TO CONTROL CAPITAL EXPENDITURE 3. Capital Budgeting: An expected sources and uses of funds may be prepared in a statement form.If so, how much amounts received and used for a specific period is known to the management. In this way, capital expenditure controlled through capital budgeting. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the FORECASTING METHODS OF WORKING CAPITAL REQUIREMENTS Working capital forecasting is a difficult task. The reason is that the total current assets requirements should be forecasted in estimating the working capital requirements.Working capital forecasting is based on the overall financial requirements and financial policies of the concern. WHAT MAKES A GOOD INTERNATIONAL MANAGER? Qualities of a good International Manager. A number of researchers have emphasized the need for managers to be able to handle national differences in business, including cultural divergence on hierarchy, humour, assertiveness and working hours.In France, Germany, Italy and a large part of Asia, for example performance-related pay is seen negatively as revealing the shortcomings of some members GUIDELINES FOR EFFECTIVE STATIONERY HANDLING IN OFFICE Guidelines for effective handling of office stationery. The following steps may be taken to fix the issue procedure for stationery. 1. Indent. The every issue of stationery should be based on requisition. The departments can prepare an indent whenever there is a need of stationery. The departmental heads should sign the indent. IMPORTANCE OF VENTURE CAPITAL FINANCING The following are the importance of venture capital financing. 1. Promotes Entrepreneurs: Just as a scientist brings out his laboratory findings to reality and makes it commercially successful, similarly, an entrepreneur converts his technical know-how to a commercially viable project with the assistance of venture capital institutions. 2. LEGAL EFFECTS OF MEMORANDUM AND ARTICLES WHEN REGISTERED Legal effects of Memorandum of Association and Articles of Association. 1. Bind Each Member to the Company. It is presumed that each member has signed both the Memorandum and the Articles of the company. These documents are treated as contracts entered into between the company and outsiders. So these documents bind the members to thecompany. 2.
STEPS INVOLVED IN PREPARATION OF OFFICE MANUAL The following steps may be taken while preparing an office manual. 1. Assigning an Individual or Formation of a Committee: An individual is enough to prepare an office manual in small size organization. A committee has to be formed to prepare an office manual in the case of large size organization. So, this formality is carried on according to VERIFICATION OF CREDITORS Guidelines for auditors in Verification of Creditors. 1. The postings in purchase ledger are to be checked by verifying the books of prime entry. The postings may be checked for part of a year. 2. The balances shown in creditors’ schedule prepared by the management are to be verified with the statement of accounts obtained from the creditors.3.
LIMITATIONS OR DISADVANTAGES OF MANAGEMENT ACCOUNTING Limitations or disadvantages of management accounting 1. Based on Financial and Cost Records. Both financial and cost accounting information are used in the management accounting system. INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
8 IMPORTANT CAUSES FOR FAILURE OF ADVERTISEMENT 8 Important Causes for Failure of Advertisement. Table of Contents. Causes of failure of advertisement. 1. Tall claims. 2. Inherent product defects. 3. Irregular advertising. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the PROBLEMS FACED BY INVESTORS IN INDIAN CAPITAL MARKET Problems faced by Investors in Indian Capital Market. The investors in the capital market face а number of problems. Some of these problems are discussed below: 1. Inadequate Disclosure. Availability of complete and correct information is required for developing an investor protection system. But the disclosures required under theSecurities
IS MANAGEMENT AN ART OR SCIENCE WHAT ARE SINKING FUNDS What is a Sinking Fund? A sinking fund is a fund, which is created with a specific purpose such as. 1. To redeem or repay a long term liability such as debenture, long term loans, etc. 2. To replace a wasting asset, such as a mine. 3. To replace an asset of depreciablenature
STEPS INVOLVED IN PREPARATION OF OFFICE MANUAL The following steps may be taken while preparing an office manual. 1. Assigning an Individual or Formation of a Committee: An individual is enough to prepare an office manual in small size organization. A committee has to be formed to prepare an office manual in the case of large size organization. So, this formality is carried on according to VERIFICATION OF CREDITORS Guidelines for auditors in Verification of Creditors. 1. The postings in purchase ledger are to be checked by verifying the books of prime entry. The postings may be checked for part of a year. 2. The balances shown in creditors’ schedule prepared by the management are to be verified with the statement of accounts obtained from the creditors.3.
LIMITATIONS OR DISADVANTAGES OF MANAGEMENT ACCOUNTING Limitations or disadvantages of management accounting 1. Based on Financial and Cost Records. Both financial and cost accounting information are used in the management accounting system. INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
8 IMPORTANT CAUSES FOR FAILURE OF ADVERTISEMENT 8 Important Causes for Failure of Advertisement. Table of Contents. Causes of failure of advertisement. 1. Tall claims. 2. Inherent product defects. 3. Irregular advertising. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the PROBLEMS FACED BY INVESTORS IN INDIAN CAPITAL MARKET Problems faced by Investors in Indian Capital Market. The investors in the capital market face а number of problems. Some of these problems are discussed below: 1. Inadequate Disclosure. Availability of complete and correct information is required for developing an investor protection system. But the disclosures required under theSecurities
IS MANAGEMENT AN ART OR SCIENCE WHAT ARE SINKING FUNDS What is a Sinking Fund? A sinking fund is a fund, which is created with a specific purpose such as. 1. To redeem or repay a long term liability such as debenture, long term loans, etc. 2. To replace a wasting asset, such as a mine. 3. To replace an asset of depreciablenature
ADVANTAGES & DISADVANTAGES OF COMMITTEES 1. Committees encourage managers to shirk or evade decision making responsibilities: If a manager/chairman is an accountable person, he may fall back upon the committee as a scapegoat, or escape the consequences of an unpopular decision.If the committee as a whole is held accountable, accountability is so diffused as to be impossible of assignment. . Some managers utilize the 12 FUNCTIONS OF A MANAGEMENT ACCOUNTANT Functions of management accountant 1. Planning of Accounting Function. An accounting system is maintained in an organization which should cover standards of costs, sales forecast, production planning, profit planning, allocation of resources, capital budgeting and short term and long term financial planning. Moreover, he has to prepare the necessary procedures to implement the plan effectively. GUIDELINES FOR EFFECTIVE STATIONERY HANDLING IN OFFICE Guidelines for effective handling of office stationery. The following steps may be taken to fix the issue procedure for stationery. 1. Indent. The every issue of stationery should be based on requisition. The departments can prepare an indent whenever there is a need of stationery. The departmental heads should sign the indent. GUIDELINES (PRINCIPLES) IN SELECTING OFFICE FURNITURE 4. Durability: Ordinary wooden furniture has longer life than steel furniture.“Sun-mica” surfaced furniture is also durable. 5. Saves Space: Furniture should be selected in such a way that it doesn’t occupy much floor space.. 6. Comfortable: The efficiency and morale of employees are increased by providing comfortable furniture.. 7. Appearance: The physical appearance of office furniture WHAT MAKES A GOOD INTERNATIONAL MANAGER? Qualities of a good International Manager. A number of researchers have emphasized the need for managers to be able to handle national differences in business, including cultural divergence on hierarchy, humour, assertiveness and working hours.In France, Germany, Italy and a large part of Asia, for example performance-related pay is seen negatively as revealing the shortcomings of some members TOP 10 WAYS TO IMPROVE EFFECTIVENESS OF A COMMITTEE Top 10 Ways to improve effectiveness of a committee. Table of Contents. Top 10 Ways to improve effectiveness of a committee. 1. Duty & Authority should be clearly defined. 2. Careful selection of members. 3. Understanding the role. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the IS MANAGEMENT AN ART OR SCIENCE Management as an Art. Art is defined as the use of skills to bring a desired result. Skills refer to one’s proficiency to do a specific work. Thus, art has the following features: 1. Practical Knowledge. Knowledge refers to possession of facts and techniques of a particularfield.
ADVANTAGES OF E-COMMERCE TO SOCIETY AND NATION 1. Provides job opportunities. E-commerce bridges the gap between the job seekers and job givers in the society. Human resources are able to get themselves placed in any organization by posting resumes through internet, Some organizations also permit people to work from theirhome.
LEGAL EFFECTS OF MEMORANDUM AND ARTICLES WHEN REGISTERED Legal effects of Memorandum of Association and Articles of Association. 1. Bind Each Member to the Company. It is presumed that each member has signed both the Memorandum and the Articles of the company. These documents are treated as contracts entered into between the company and outsiders. So these documents bind the members to thecompany. 2.
STEPS INVOLVED IN PREPARATION OF OFFICE MANUAL The following steps may be taken while preparing an office manual. 1. Assigning an Individual or Formation of a Committee: An individual is enough to prepare an office manual in small size organization. A committee has to be formed to prepare an office manual in the case of large size organization. So, this formality is carried on according to VERIFICATION OF CREDITORS Guidelines for auditors in Verification of Creditors. 1. The postings in purchase ledger are to be checked by verifying the books of prime entry. The postings may be checked for part of a year. 2. The balances shown in creditors’ schedule prepared by the management are to be verified with the statement of accounts obtained from the creditors.3.
LIMITATIONS OR DISADVANTAGES OF MANAGEMENT ACCOUNTING Limitations or disadvantages of management accounting 1. Based on Financial and Cost Records. Both financial and cost accounting information are used in the management accounting system. INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
8 IMPORTANT CAUSES FOR FAILURE OF ADVERTISEMENT 8 Important Causes for Failure of Advertisement. Table of Contents. Causes of failure of advertisement. 1. Tall claims. 2. Inherent product defects. 3. Irregular advertising. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the PROBLEMS FACED BY INVESTORS IN INDIAN CAPITAL MARKET Problems faced by Investors in Indian Capital Market. The investors in the capital market face а number of problems. Some of these problems are discussed below: 1. Inadequate Disclosure. Availability of complete and correct information is required for developing an investor protection system. But the disclosures required under theSecurities
IS MANAGEMENT AN ART OR SCIENCE WHAT ARE SINKING FUNDS What is a Sinking Fund? A sinking fund is a fund, which is created with a specific purpose such as. 1. To redeem or repay a long term liability such as debenture, long term loans, etc. 2. To replace a wasting asset, such as a mine. 3. To replace an asset of depreciablenature
STEPS INVOLVED IN PREPARATION OF OFFICE MANUAL The following steps may be taken while preparing an office manual. 1. Assigning an Individual or Formation of a Committee: An individual is enough to prepare an office manual in small size organization. A committee has to be formed to prepare an office manual in the case of large size organization. So, this formality is carried on according to VERIFICATION OF CREDITORS Guidelines for auditors in Verification of Creditors. 1. The postings in purchase ledger are to be checked by verifying the books of prime entry. The postings may be checked for part of a year. 2. The balances shown in creditors’ schedule prepared by the management are to be verified with the statement of accounts obtained from the creditors.3.
LIMITATIONS OR DISADVANTAGES OF MANAGEMENT ACCOUNTING Limitations or disadvantages of management accounting 1. Based on Financial and Cost Records. Both financial and cost accounting information are used in the management accounting system. INTERESTED PARTIES OF FINANCIAL STATEMENTS 1. Shareholders: In every public limited company, shareholders are the real owners of the company.Hence, they want to know the way of utilizing their investments and ascertain the profitability and financial strength of the company.. 2. Debenture holders: Debenture holders are the lenders or creditors of the company.They want to know the short term and long term solvency position of the CLASSIFICATION OF ORGANIZATION The followings are the demerits of formal organization. 1. It reduces the spirit of initiative. 2. There is a delay in taking a decision since rules and regulations are getting importance than situation. 3. It does not give any importance to sentiments and values of employees.4.
8 IMPORTANT CAUSES FOR FAILURE OF ADVERTISEMENT 8 Important Causes for Failure of Advertisement. Table of Contents. Causes of failure of advertisement. 1. Tall claims. 2. Inherent product defects. 3. Irregular advertising. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the PROBLEMS FACED BY INVESTORS IN INDIAN CAPITAL MARKET Problems faced by Investors in Indian Capital Market. The investors in the capital market face а number of problems. Some of these problems are discussed below: 1. Inadequate Disclosure. Availability of complete and correct information is required for developing an investor protection system. But the disclosures required under theSecurities
IS MANAGEMENT AN ART OR SCIENCE WHAT ARE SINKING FUNDS What is a Sinking Fund? A sinking fund is a fund, which is created with a specific purpose such as. 1. To redeem or repay a long term liability such as debenture, long term loans, etc. 2. To replace a wasting asset, such as a mine. 3. To replace an asset of depreciablenature
ADVANTAGES & DISADVANTAGES OF COMMITTEES 1. Committees encourage managers to shirk or evade decision making responsibilities: If a manager/chairman is an accountable person, he may fall back upon the committee as a scapegoat, or escape the consequences of an unpopular decision.If the committee as a whole is held accountable, accountability is so diffused as to be impossible of assignment. . Some managers utilize the 12 FUNCTIONS OF A MANAGEMENT ACCOUNTANT Functions of management accountant 1. Planning of Accounting Function. An accounting system is maintained in an organization which should cover standards of costs, sales forecast, production planning, profit planning, allocation of resources, capital budgeting and short term and long term financial planning. Moreover, he has to prepare the necessary procedures to implement the plan effectively. GUIDELINES FOR EFFECTIVE STATIONERY HANDLING IN OFFICE Guidelines for effective handling of office stationery. The following steps may be taken to fix the issue procedure for stationery. 1. Indent. The every issue of stationery should be based on requisition. The departments can prepare an indent whenever there is a need of stationery. The departmental heads should sign the indent. GUIDELINES (PRINCIPLES) IN SELECTING OFFICE FURNITURE 4. Durability: Ordinary wooden furniture has longer life than steel furniture.“Sun-mica” surfaced furniture is also durable. 5. Saves Space: Furniture should be selected in such a way that it doesn’t occupy much floor space.. 6. Comfortable: The efficiency and morale of employees are increased by providing comfortable furniture.. 7. Appearance: The physical appearance of office furniture WHAT MAKES A GOOD INTERNATIONAL MANAGER? Qualities of a good International Manager. A number of researchers have emphasized the need for managers to be able to handle national differences in business, including cultural divergence on hierarchy, humour, assertiveness and working hours.In France, Germany, Italy and a large part of Asia, for example performance-related pay is seen negatively as revealing the shortcomings of some members TOP 10 WAYS TO IMPROVE EFFECTIVENESS OF A COMMITTEE Top 10 Ways to improve effectiveness of a committee. Table of Contents. Top 10 Ways to improve effectiveness of a committee. 1. Duty & Authority should be clearly defined. 2. Careful selection of members. 3. Understanding the role. LIMITATIONS OR DRAWBACKS OF STANDARD COSTING Limitations of Standard Costing. 1. More Expenses: The standard is fixed for raw materials in terms of price and quantity, and then standard is fixed for labour in terms of rate and number of workers with level of efficiency.Moreover, standard is fixed for fixed overhead and variable overhead. Hence, there is a need of incurring heavy expenses for fixing above mentioned standards since the IS MANAGEMENT AN ART OR SCIENCE Management as an Art. Art is defined as the use of skills to bring a desired result. Skills refer to one’s proficiency to do a specific work. Thus, art has the following features: 1. Practical Knowledge. Knowledge refers to possession of facts and techniques of a particularfield.
ADVANTAGES OF E-COMMERCE TO SOCIETY AND NATION 1. Provides job opportunities. E-commerce bridges the gap between the job seekers and job givers in the society. Human resources are able to get themselves placed in any organization by posting resumes through internet, Some organizations also permit people to work from theirhome.
LEGAL EFFECTS OF MEMORANDUM AND ARTICLES WHEN REGISTERED Legal effects of Memorandum of Association and Articles of Association. 1. Bind Each Member to the Company. It is presumed that each member has signed both the Memorandum and the Articles of the company. These documents are treated as contracts entered into between the company and outsiders. So these documents bind the members to thecompany. 2.
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__ Business Environment WEAKNESSES OF TRADE UNION MOVEMENT IN INDIA AND SUGGESTION TOSTRENGTHEN
Weaknesses of Trade Union Movement in India In spite of its legal and social importance, trade unionism in India is suffering from a number of inherent defects. The very …Read More
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AUDIT PLANNING & DEVELOPING AN ACTIVE AUDIT PLAN – CONSIDERATIONS,ADVANTAGES
Audit Planning Planning brings promptness and perfection in performance. Planning in audit operations is considered as an essential prerequisite. It enables an auditor to cover different aspects of audit …Read More
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__ Guidelines for Auditors AUDIT OF CLUBS, HOTELS & CINEMAS IN INDIA | GUIDELINES TO AUDITORS Audit of Clubs – Guidelines to Auditors 1. General Consideration in Club Audit a. Constitution A club is constituted as a company limited by guarantee. So provisions of Companies …Read More
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DEPRECIATION – MEANING, CHARACTERISTICS, CAUSES, OBJECTIVES, FACTORS AFFECTING DEPRECIATION CALCULATION The term depreciation is derived from the Latin word depretium. Split into “de” and “pretium” de means decline and pretium means price. So, the literal meaning of depreciation is …Read More
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