The Profit making organization has primary objective to earn profit and profit is the difference between revenue and total cost. If cost is higher than revenue, loss is incurred and vice verse Some external forces affect the revenue to be decreased and cost to be increased. These forces are known as Risks.
The word strategy is used to mean several different aspect and several different things. Strategy is concerned to the higher management of the organization. Strategy is very important for the development and success of the organization. Strategy is concerned with the behavior of the people both individual and large number.
External comparisons and study of competitor’s product to assess the technological advancement and quality of product, is the practice of ancient times. BUT, in today’s dynamic business environment there is need of improvement in this old practice. Benchmarking is different practice that leads towards the search, analysis and adoption of “Best Business Practices”, rather than […]
Both Chartered Financial Analyst (CFA) and Financial Risk Management holds distinct positions in the market. Despite the fact that difficulty nand course material are quite similar, but both promise different career paths and nature of the jobs in industry. I hope an over vziew of the exams content, passing criteria and jobs in the market […]
I have asked by a number of students mostly ACCA affiliates whether they should go for ICAEW exams and what are the associated benefits. Well, summarizing my opinion in nut-shell I would prefer that students / trainees do take ICAEW exams, its worth having ICAEW qualification.
Whenever we hear of fraud this question is usually asked why people do fraud, and the most common answer we get is if one is poor and he is unable to meet his needs that’s why he did the fraud to get extra money, but answer is wrong in 99 % cases, then question is […]
Many candidates of accountancy profession may have an overwhelming desire to have up to date and comprehensive list for International Standards of Accounting (IAS) or International Financial Reporting Standards (IFRS). Below I have produced a detailed and chronological list of ISA and IFRS that may serve as a model list and may help candidates and […]
Disposals of group companies or associates has been relatively less tested area in exams, despite the fact that the treatment and quite critical and requires thorough understanding and practice. In present economic scenario group disposals have been common for cost cutting purposes. Given the emerging importance, this area may be tested in professional exams.
What is a Hive Down? One company incorporates a subsidiary, i.e. becomes Parent of another company and transfers trade and assets to this new company. The subsidiary is then sold to a third party.
A person’s status of residence, ordinary residence and domicile is of utmost significance when determining taxation implications. Before going into the nitty-gritty of tax consequences associated with a person’s residence status, one must understand definitions with respect to Resident, Ordinary Resident and Domicile.