Fund flow statement is a statement which shows the sources and uses of funds for a period of time. It is a method by which we study changes in the financial position of a business enterprise between the beginning and ending financial statement dates. According to Anthony “the fund flowRead More →
Cash flow analysis is the evaluation of a company’s cash inflows and outflows from operating, financing and investing activities. It shows how the company is generating its money, where it is coming from, and what it means about the overall value of the company. Cash flow analysis should be doneRead More →
Meaning of Ratio Analysis Ratio analysis is the process of analysis and interpretation of the figures appearing in the financial statement (i.e. profit and loss account, balance sheet, and fund flow statement etc.) It is a very important tool useful for measuring the performance of an organization. It enables usersRead More →
Meaning of financial statement analysis The term financial statement analysis and interpretation refer to the process of determining the financial strength and weaknesses of the firm by establishing a strategic relationship between the items of the balance sheet profit and loss account and other operative data. According to John N.Read More →
A management accountant is a person who looks after a company’s financial accounts. They advise the businesses regarding financial planning and its implications on the business for making better business decisions to aid growth and profit. They are responsible for advising the top management on the following: Different sources ofRead More →
Difference between Management Accounting, Cost Accounting and Financial Accounting MANAGEMENT ACCOUNTING – In simple words management accounting can be defined as that tool that provides accounting information to carry out management activities such as planning, controlling, evaluating, and decision making. It helps the managers in identifying problems, formulating strategy, decision makingRead More →
Investment: It refers to the employment of funds on assets with the aim of earning income or capital appreciation. It has two attributes i.e. Time & Risk. It is essentially a sacrifice of current money or other resources for future benefits. Speculation – It involves taking calculated business risks forRead More →
Social Exchange Theory Social Exchange Theory is a sociological framework that views social change as the result of exchange processes between people groups, which perform their functions using cost-benefit analysis. Groups in society are thought of as units somewhat like biological cells, which exchange energy and nutrients with one anotherRead More →
IRDAI or fully recognized as the Insurance Regulatory Development and Authority of India is an independent, autonomous and statutory body working under the government of India. The main role of the organization is to regulate, develop and promote the insurance and reinsurance sector in India while safeguarding the interest ofRead More →
Learning theories are frameworks that deal with the ways in which people process and retain information. These theories are commonly used in parenting and pedagogy as well as organizational development. There are many theories of learning that outline different models for how humans utilize information through memory to adapt toRead More →
Leadership is defined as the action of being at the head of a group. A leader is a person given some authority over a group whose role is to guide and foster productivity among members towards some common purpose. Many views on good leadership exist, and there are multiple leadershipRead More →
Inventory simply means ‘a stock of goods’. It can simply be divided into three categories i.e. raw materials, finished goods, and work in process. It is any tangible property that is: held for sale in the ordinary course of a business (Finished Goods) held in the production process (Work inRead More →