Business

Definition: A presentation is a form of communication in which the speaker conveys information to the audience. In an organization presentations are used in various scenarios like talking to a group, addressing a meeting, demonstrating or introducing a new product, or briefing a team. It involves presenting a particular subject or issue or new ideas/thoughts to a group of … [Read more...] about Presentation

Definition: Materials Management is one of the main functions of SCM i.e. supply chain management. It is concerned with all the activities related to the flow of material. It covers - planning, sourcing, procurement, scheduling, storing, providing, and controlling appropriate materials. By the term 'materials' here we are referring to both - Direct Material and Indirect … [Read more...] about Material Management

Definition: Corporate Citizenship is the responsibility of the corporation to develop the value of the business by working for the well being of all the parties with which it deals. It implies the social responsibility of business and the degree to which it adheres to legal, environmental, cultural, ethical and economic responsibilities. Above all, it is a philanthropic … [Read more...] about Corporate Citizenship

A Business Report is a systematic and objective presentation of facts and information that assists in decision making. There are many types of business reports which are divided into different categories. Types of Business Report On the basis of Need Routine Report Routine Reports facilitates a firm in monitoring and regulating processes and procedures. These reports … [Read more...] about Types of Business Report

Definition: Audit working papers refer to the document in which the auditor writes facts, data, analysis of accounts while performing an audit of the enterprise. It is a written record that an auditor keeps relating to: Evidence found during the process of audit Methods and procedures that an auditor follows Conclusion drawn It covers all the data that the auditor … [Read more...] about Audit Working Papers

Definition: Operation Costing is a system of costing adopted when the firm manufactures many variants of a final product by using different raw materials but with the same conversion process. In other words, the process through which the product passes is the same. But the materials used to produce them differs. Due to this characteristic, we call it Hybrid product costing. … [Read more...] about Operation Costing

Definition: Business Report implies a formal document that presents facts, information, arguments, statistical data, analysis of research, etc. related to business interest, in a systematic manner. It is factual, orderly and unbiased communication, prepared to serve a business purpose. It is an analysis, evaluation, assessment or review of specific events, issues, set of … [Read more...] about Business Report

Definition: Reverse Merger when a listed public company with no business is acquired by an unlisted private company with a viable business. Another term for the reverse merger is: Reverse Takeover (RTO) Reverse Initial Public Offering. What is Merger? A merger is when a large company subsumes a small company. Also, it involves the exchange of cash and shares. But, … [Read more...] about Reverse Merger

Definition: Audit Report is the formal written opinion about the entity’s financial statements. The auditor conveys the report to the management at the end of the audit. Apart from the opinion on the statements, it also includes factual information. It is a medium of communication of the views of the auditor to the company’s management. Hence, he submits the report created … [Read more...] about Audit Report

Definition: Audit evidence refers to the information gathered or recorded by the auditor while performing the audit work to form a conclusion on each element, on which the opinion is based. For obtaining audit evidence, a number of audit procedures are applied by the auditor. It is the duty of the auditor to give an opinion on the financial statements presented by the … [Read more...] about Audit Evidence