Found 153 Articles for Economics and Finance

Introduction Fixed deposits are popular among senior citizens because they are safe and secure. However, there may be better options regarding returns and growth potential. As every person wants a peaceful post-retirement life journey, investing in high-risks can be somewhat a debatable thing. But going with an amalgam of choices that touches upon low-risk, mid-risk and high-risk can be an ideal combination for the investor. Alternative Options to Fixed Deposits for Senior Citizens Senior Citizen Savings Scheme (SCSS) − Backed by the government, this scheme is specially designed for senior citizens. It offers an attractive interest of ... Read More

Introduction Financial audits ensure accuracy and complete transparency of the company's financial records. This examination and evaluation paints the fair picture of the company to the stakeholders and investors, making it easy for taking informed investing decisions. Fig 1: Audit Documentation Besides, these audits also help companies get a better understanding of their outlays, errors, and other financial aspects. Auditors document all the checks and record them in physical mode for future reference purpose. But what exactly is audit documentation? Meaning of Audit Documentation Audit documentation refers to written records created during the time of auditing, including working ... Read More

Introduction An annuity is a finance product sold by an insurance company. It is a written agreement duly signed and agreed upon between the insurance company and the individual. The individual pays a certain amount of money initially or over time to the insurance company. In return, the insurance company promises to pay the individual a guaranteed income stream for a specific period or the rest of their life. Regarding financial planning, annuities are often considered a great way to generate a steady income stream for retirement. This is a contract between an individual and an insurance company. The individual ... Read More