Audit of Educational Institutions The auditor may thoroughly study the trust deed of the trust to which the school or the college belongs and in the case of
Audit of Charitable Institutions An auditor may evaluate the internal control system in general, to ensure that the procedure is reliable. He may study the nature of the
A private limited company enjoys both the advantages of corporate existence as well as that of partnership. Following are some of the privileges and exemptions of the private
What is an Open Office? Open office is a place where the staff and equipment of all the departments are accommodated in a single room. Each department or
What is redesigning? Redesigning means changing the existing layout according to the current requirements. The layout may be redesigned to improve the existing layout or eliminate the inconvenience
Benefits or Advantages of Inter Firm or Intra Firm comparison Inter firm comparison has brings same benefits to every business unit. They are presented below: 1. The management
Requisites for inter-firm or intra-firm comparison The followings are the per-requirements for meaningful and effective inter firm or intra firm comparison. 1. Similarity of Firms or Departments Similarity
The financial statement analysis has some limitations. Hence, the interested party should keep all these limitations into his/her mind while making analysis. Limitations of financial statement analysis 1.
Understanding Payback Period method This method is also known as pay out, pay off or recoupment period method. Under this method, the original investment of the project should
Advantages of Marginal Costing The advantages, merits of marginal costing are briefly explained below. 1. The marginal costing technique is very simple to understand and easy to operate.