Office and Its Function Meaning of an Office Office is a unit where relevant records for the purpose of control, planning and efficient management of the organisation are prepared, handled…
What is Human Resource Accounting? Human resources accounting is the process of identifying and measuring data about human resources and communicating this information to interested parties. The most valuable of…
Cost concepts and Other Basic Concepts Accounting cost / Economic cost Accounting Cost includes all such business expenses that are recorded in the book of accounts of a business firm…
What is directing? Directing is dealing with relationship or communication between people to influence, supervise, motivate subordinates to achieve the organiza- tional goals. Direction carries human factors that explain guidance…
What is Demand Forecasting? Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods,…
Computer Hardware Today many jobs mainly depend on the either the creation or collection, and distribution of information. This topic addresses the different advancements in computer technology. Computer Generations As…
Individual Behavior in organizations Individual behavior is actions of people. The focus and goals of individual behavior within organizations vary from one person to another. Generally this individual behavior is…
What is Financial Statements? A financial statement is an organised collection of data prepared in accordance with logical and consistent accounting procedures. Its function is to convey an understanding of…
Communication Functions Communication serves five major functions within a group or organization : management, feedback, emotional sharing, persuasion, and information exchange. Communication acts to manage member behavior in several ways.…
What is Rectification of Errors? The process of correcting the errors committed and to set the accounting records right is called rectification of errors. So accounting errors are the errors…