Notes and Study material for Exams
QUICK REVISION SERIES RAS MAINS UNIT III :Part B- Management Modern Concept of Marketing: Modern concept of marketing concentrates majorly on consumer satisfaction. According to this concept, marketing starts from discovery of consumer needs and wants and ends with the satisfaction of those needs and wants. Draw flow chart like this: Survey … Read more
Audit and accounting: Auditing is defined as the systematic and independent assessment and examination of data, statement, records, operations and performance, financial or otherwise of an enterprise. Objectives of Auditing: PRIMARY OBJECTIVE Examining the system of Internal check Checking arithmetical accuracy of books of accounts Verifying the authenticity and validity of transactions. Checking the … Read more
Basics Of WORKING CAPITAL Management: Working Capital Any firm, from time to time, employs its short term assets as well as short term financing sources to carry out its day to day business. It is this management of such assets as well as liabilities which is described as working capital management. OR Working … Read more
RAS MAINS REVISION: Part III Auditing and Accounting Social Audit: It is a tool through which government department can plan, manage and measure non-financial activities and monitor both internal and external consequences of the department social and commercial operation. OR Social Audit is an independent evaluation of the performance of an organisation as it relates … Read more
Part C Accounting and Auditing; Budgetary Control: Definition: Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out Variance. Obj. of BC: Define the objectives of the organisation Providing plans to achieve the objectives Coordinating the activities of various departments … Read more
GS1; PART III; Basics Of Recruitment, Selection, Induction, Training and Development, Appraisal System Recruitment: Recruitment is a process of searching out the potential applicants and inspiring them to apply for the actual or anticipated vacancy. It is a core function of Human resource Management. The activities involved in the recruitment of employees are as under: … Read more
Management Definition/ concept Management is a social process involving responsibility for economical and effective planning and regulation of operation of an enterprise in the fulfillment of given purpose. Management is the process of getting things done with the aim of achieving goals effectively and efficiently. Management aims at guiding their effort towards achieving a common … Read more
GS1;PART III;PART C Technique of Analysis of financial statement Financial statement: They are written records that convey the financial activities and condition of business or entity . It has four major components i.e. Income statement Balance sheets Statement of retained earnings Cash flows Financial statement analysis: It is a systematic process of … Read more
Cost of Capital, Concept Of Wealth Maximisation, Long Term Vs Short Term Finance, Capital Structure Cost of capital: According to I M Pandy, Cost of capital is the DISCOUNT rate used in evaluating the desirability of the Investment project. The cost of capital is the minimum rate of return which will maintain … Read more