Notes and Study material for Exams
The Capital Account: A Vital Component of the Balance of Payments The global economy is a complex web of interconnected transactions, with goods, services, and capital flowing across borders. Understanding these flows is crucial for policymakers and businesses alike, and the balance of payments (BOP) provides a comprehensive framework for analyzing them. One key component … Read more
Profit and loss IMPORTANT FACTS Cost Price: The price, at which an ARTICLE is purchased, is called its cost price, abbreviated as C.P. Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P. Profit or Gain: If S.P. is greater than C.P., the seller is said to have … Read more
Navigating the Labyrinth: A Comprehensive Guide to Transfer Pricing Transfer pricing, the process of setting prices for goods, services, and intangible assets exchanged between related entities within a multinational corporation (MNC), is a complex and often controversial area of international taxation. While seemingly straightforward, the practice can be fraught with challenges, leading to potential disputes … 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
The Comptroller and Auditor General (CAG) promotes accountability, transparency and Good Governance through high quality Auditing and accounting.The Comptroller and auditor general (CAG) of India is empower to audit all expenses from the combine Fund of the union or state governments, whether incurred within India or outside. The Comptroller and Auditor General of India (CAG) … Read more
Issues of finance, ownership, operation and maintenance of all kinds of Foreign Direct Investment under automatic route in the construction development sector. High capital intensity, low operating cost, higher gestation period, near absent risk mitigation measures, difficulties in getting Environment clearance, inability to generate direct adequate income streams to selffinance are some of … 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
Here is a list of subtopics on disinvestment: Disinvestment: The process of selling government-owned assets to private investors. PrivatizationPrivatization: The process of transferring ownership of a government-owned enterprise to private investors. Divestment: The process of selling off a portion of a government-owned enterprise to private investors. EquityEquity disinvestment: The sale of government-owned SharesShares in a … Read more
Taxation: The Backbone of Modern Societies Taxation, the compulsory levy imposed by a government on its citizens and businesses, is a fundamental pillar of modern societies. It serves as the primary source of revenue for governments, enabling them to fund essential public services like healthcare, education, infrastructure, and defense. While often viewed as a necessary … 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 … Read more