✏ Table of Content : What is Fund Accounting in Non-Profit Organizations ? Objectives of Accounting for Non Profit Organizations Features of Fund Accounting Types of Funds for Non Profit Organizations Financial Statement of Non Profit Organizations What is Fund Accounting in Non-Profit Organization? Government and non profit organizations are required to organize their accounting … Read more
✏ Table of Content : What is a Non-Profit Organization ? Definitions of Non-Profit Organizations Objectives of Non-Profit Organization Characteristics of Non Profit Organizations Management Control Systems in Non-Profit Organizations Types of Non-Profit Organizations Advantages of Non-Profit Organizations Disadvantages of Non-Profit Organizations Management Planning & Control gives an owner a true enterprise performance management. By … Read more
What are the Tools & Techniques of Capital Expenditure Control ? The 4 tools & techniques of capital expenditure control are describes as follows : Performance Index Technical Performance Measurement (TPM) Post Completion Audit Earned Value Method Performance Index Often it is necessary to present information from several related areas simultaneously. This is done to … Read more
What is Entrepreneurial Skills ? A wide variety of skills are essential for an entrepreneur to establish and successfully function in business. These skills comprise of workplace skills which are necessary for employees and further skills that indicate the other demands of managing a business. Although, possessing some of these skills is actually not quite … Read more
What is Entrepreneurial Competencies ? The term “competency” can be defined in a number of ways. These definitions are governed by specific hind of tasks carried out by the individuals under varying situations. Various traits like skills, knowledge, abilities, and similar characteristics together constitute to components of competency which are elementary for the success and effectiveness … Read more
Audit Function As A Performance Measurement Tool Management controls, auditing, and evaluation are processes and mechanisms that are designed to assure that budgeting is linked to the real world of program operations. Without these links, there would be considerable risk that decisions would be based on flawed information, that resources are mismanaged, and that the decisions would … Read more
What is Entrepreneur ? An entrepreneur is a rare person who can visualize and materialize water in in the desert. His foresightedness, vision, motivation, persistent efforts, the ability to presume the risks involved and their outcomes, and the thrust to achieve the desired goal. facilitate him to convert his ideas into reality. The water in the desert … Read more
What is Entrepreneurship ? Performing the activities of an entrepreneur is called as entrepreneurship. It is a French word, which means “to undertake”. In this, all the available resources like innovative ideas, capital, labour, and business intelligence are utilized in effective manner to produce innovative products and services. It may also involve creation of new … Read more
What is Audit Report ? Meaning of Audit Report An auditor is appointed by the shareholders of a company to audit its accounts and, as such, he makes a report to them about the affairs of the company. An auditor’s report provides an opinion of the validity and reliability of a company or organization’s financial statements. … Read more
What is Financial Audit ? Financial auditing refers to an accounting process applied in business. The process involves using an individual body for evaluating the financial transactions and statements of a business. The ultimate purpose of financial audit is presenting an accurate amount of the business transactions of a company. Besides, it ensures that the … Read more