What is a Trade Association? A trade association is a voluntary organization of independent business units in the same branch of industry, which conducts cooperatively activities aimed at
Audit of Share Capital How is authorized capital of a company verified? Balance sheet of the previous year and the Memorandum of Association gives a detailed picture about
A blueprint helps understand the totality of a service as a process. It provides a graphical depiction of the services. The service system blueprint simplifies service complexities by
Differences between Policies and Procedures 1. Policy is a guide for thinking and action, whereas a procedure is a guide for action and performance to achieve the organization’s
Dishonor of Cheque – Meaning A cheque is said to have bounced, or been dishonored, by non-payment when the drawee (banker) commits defaults in payment upon being asked
There are different approaches to Total Quality Management (TQM). These refund the business on a flow basis, with customers directing the content of the flow and competitors, the
Essential characteristics of effective control system If control is to be effective and adequate, it must satisfy the following requirements: 1. Perfect Plan: Control should reflect the plan
Communication is one of the most important tool in the process of management. It influences every function of management. Managers at various levels use the communication system to
Desk research sources may not provide all the information required for the research study. Additional data need to be collected by going directly to the market. Generally, published
The various duties of the auditor in auditing of fixed assets are given below. While verifying the fixed assets, the auditor has to examine the records and details