Internal Control system is one of the basic and essential factors for efficient and effective management. It covers both financial or non-financial aspects of management in an organisation. Definition of Internal Control in accounting & auditing: Internal Controls are methods put in place by an organisation to ensure the integrity of financial and accounting information, […]
Auditing: Internal Control Read More ยป
Social audit as a term was used as far back as the 1950s. However, in the last decade, the term has acquired new relevance in India.ย It is generally believed today that it is the duty of the privately owned enterprise to ensure that it does not adversely affect the life of the community in which
The prime concern of the staffing function in the management process is the timely fulfilling of the manpower requirements within an organisation. It starts with ascertaining the required number of various categories of employees for the organisation.ย This is done throughย several methods like job analysis, workload analysis, etc. The next thing is the recruitment exercise, followed
Recruitment, Selection, Training & Development Read More ยป
Communication plays key role in smooth functioning of organisation. Success of ‘Direction‘ depends on the effectiveness of communication.ย Proper communications in organisations at all levels and between all levels can improve both the quantity and quality of output. Definition: The word communi’cation has been derived from the Latin word โcommunisโ which means โcommonโ which consequently implies
Communication: Concept & Theories Read More ยป
Any type of business or occupation requires money at every stages of its operation.ย Whether it is a small business or large, manufacturing or trading or transportation business, money is an essential requirement for every activity.ย Money required for carrying out business activities is called business finance.ย Finance is needed to establish a business, to run it, to
Sources of Finance: Short-Term & Long-Term Read More ยป
