Weaknesses of Traditional Cost Accounting System Providing inaccurate costing information leads to taking of wrong decisions by the top management if used for control purposes or for fixing
What is Cost Accounting Cost accounting is a system of accounting which includes collecting, classifying, processing, analyzing and reporting of information to top management for taking quality decisions
Techniques to exercise control over Capital Expenditure The accepted or selected proposals may be obsolescence due to advancement in technology in the short run. Therefore, investment made in
The duties of the directors can be broadly classified as- Statutory duties, and Non-statutory duties. Statutory Duties of a Director A number of statutory duties are expected to
Lifting or Piercing the Corporate Veil The company, in the contemplation of law, is a person distinct from the shareholders. In other words, the company alone is liable
What is Management Audit? Management audit is a systematic evaluation of the functioning performance and effectiveness of management of an organization. It a thorough-going, critical and constructive review
Important stages in a decision making process The decision making process passes through 5 important stages. They are Recognition of Problem Search of Information Alternative Evaluation Choice of
Arguments for Social Responsibility i.e. Need for Assumption of Social Responsibility The recent trend is in favor of assuming social responsibilities. Several big business houses and business groups
Arguments against Social Responsibility Keith Davis elaborately discussed the various points put forth by classical economists in support of their contentions in an article under the style, “The
Social Structure of Indian Society Social structure denotes the network of social relationship. The social relationship is created among the individuals when they interact with each other according