Posted inHuman Resource Management
HRM – Overview
Human resource management (HRM or HR) is the management of human resources. It is designed to maximize employee performance in service of an employer's…
Posted inFinancial Accounting
Accounting for Consignment
Due to increasing size of market, it is quite obvious that manufacturers or whole sellers…
Posted inFinancial Accounting
Analysis of Changes in Income
The purpose of preparing a financial statement is not only to know the net income…
Posted inFinancial Accounting
Financial Accounting – Inventory Valuation
The Institute of Chartered Accountant of India as per Accounting Standard-2 (Revised) defines inventory as the assets…
Posted inFinancial Accounting
Bills of Exchange and Promissory Notes
Essentials of Bills of Exchange Following are the essentials of a bill of exchange −…
Posted inFinancial Accounting
Measurement of Business Income
One of the most significant accounting concepts is “Concept of Income”. Similarly, measurement of a…
Posted inFinancial Accounting
Provision and Reserves
Meaning of Provisions “Any amount written off or retained by the way of providing depreciation…
Posted inFinancial Accounting
Financial Accounting – Final Accounts
Final Accounts are the accounts, which are prepared at the end of a fiscal year.…
Posted inFinancial Accounting
Financial Accounting – Royalty Accounts
Royalty is payable by a user to the owner of the property or something on…
Posted inFinancial Accounting
Financial Accounting – Voyage Accounting
To know the financial results of a marine business, voyage accounting is prepared. Voyage account…