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Management Articles
Page 50 of 52
What is difference between balance sheet and income statement?
The major differences between balance sheet and income statement are as follows −Balance sheetIncome statementAssets, liabilities and equity.Helps in deriving liquidity of a firm.Prepared in last day of accounting period.Accounts transferred are not closedBalance will become opening balance for next period.Current ratio, quick ratio, cash ratio, receivable turnover ratio, inventory turnover ratio, payable turnover ratio, return on assets are calculated.It is also named as statement of financial positionIt has narrow scope.Revenues and expenses.Helps to take decisions in any operational or financial issues.Prepared for accounting period.Accounts transferred are closed.Balance is transferred to capital account in balance sheet.Gross margin, operating margin, net ...
Read MoreWhat is difference between trail balance and balance sheet?
The major differences between the trial balance and balance sheet are as follows −Trail balanceBalance sheetOpening stock is considered.Debit and credit.Doesn’t take part in financial statement.Contains nominal, real and personal accounts.Internal useCan be prepared monthly, quarterly, half-yearly and financial period.Prepared in column format.Audit is not necessary.Information of loss or profit is not provided.Not necessary to prepared by law.Prepared before adjustments.Can’t tell true financial position of the firm.General ledger is the source.No thumb rule.Closing stock is considered.Assets and liabilities.Will take part in financial statement.Contains real and personal accounts.External use.Prepared in financial period.Prepared in T-Format.Audit is necessary.Information on loss/profit is provided.Prepared by ...
Read MoreHow can management ensure working women's safety on their premises?
Women in today’s world are taking major positions in different sectors and are performing extraordinarily well in their work roles. The contribution of women is extremely crucial for the inclusive economic development of the country. The principle of Gender Equality is enshrined in our constitution and the feminist movement in the late 1970s strengthened the concept. If we want women to succeed in their work lives, it is important to create a safe atmosphere for a woman to give a holistic contribution. Let's know how:Infrastructure FacilitiesIt is extremely important to keep the infrastructure facilities extremely strong in any workplace. Proper ...
Read MoreWhat are the best tricks to manage multiple tasks at the same time?
Life is no longer a simple journey. It is complex and tiring and requires a lot of work to be completed within a short spell of time to meet arduous deadlines. Hence, it is extremely important to understand the tricks and hacks in the art of multi-switching rather than multi-tasking which helps a person do many things in one day with dedication and concentration in totality.Make A Schedule and Write It DownMany people fail to deal with multiple affairs at the same time and get stressed out due to the simple reason of not scheduling it properly. Write it in ...
Read MoreWhich is better, Senior position in a start-up company or a middle management position in a well-established company and why?
Work experience in a particular field and mostly specializing in a particular wing is considered to be an asset today considering the fact that field level experience develops a major quantum of skill in a person as against mere degrees or educational qualifications. After reaching a certain point in your career and gaining sufficient work experience, an employee has a desire to switch their job profiles due to better prospects.At times like these experienced people are often in dilemma on the work profile of the company i.e. whether to take a senior position in a start-up or mid-position in a ...
Read MoreWhat are the problems faced by rural women in India today?
India today has reached the zenith of success in many fields like science and technology, literature, movies and much more. But, there are some issues that are still prevalent in the country and more prominently in the rural India.Rural India is the actual soul of the country where a maximum of its population resides yet it is also the most neglected and ignored by the Government. The major victims of the issues that are present in the rural India are the women. Rural Indian Women are facing a lot of problems.No access to educationAccording to ASER report 2014, only 1 ...
Read MoreIn simple terminology, what is an organised and unorganised sector?
Organized and unorganized sectors are mainly differentiated based on employment conditions.Organized Sector − It is incorporated with the appropriate authority and follows the rules and regulations. It is mostly related to Government or some large-scale operations. As these organizations strictly follow government rules they adhere to acts like Factories Act, Bonus Act, PF Act, Minimum Wages Act etc. Workers are paid remuneration as monthly salary regularly and there will be job security.Unorganized Sector − The unorganized sector is the one which is not incorporated into the government. Small-scale operations, petty trade, private business, domestic workers and construction workers etc. come ...
Read MoreIs it possible to use recycled plastic waste for road building and if so, will it substantially absorb plastic waste from the environment?
Recycled plastic or for that matter, any plastic when mixed with the bitumen used to build asphalt roads tend to make the roads stronger and more durable. Considering the total number of roads that are already there and newer roads that will be built in a huge country like India, the total amount of plastic waste generated by the country is way too much to be absorbed entirely in this road building and repairing activity.Hence, building roads with recycled waste plastic can be part of the overall plastic recycling efforts but on its own, it can't absorb all of the ...
Read MoreGetting Ready for Analytics
In today’s rapidly changing business world, it is critical for business leaders to have the right insight and data to make the right calls at the right time. Finding the right blend of what, why and how to use this enormous amount of data is something that needs attention in present day competitive business environment.Business strategies and operational decisions are being undertaken based on the analysis provided by past operational data. Hence it is tremendously important for global business entities to equip themselves with the emerging technologies like business analytics software for better decision making and forecasting.Business Decisions + Analytics ...
Read MorePMP Vs PRINCE2 – The Clash of Certifications
It is very common for IT professionals coming into Catch-22 situation, especially while choosing one among the most famous project management certifications – the PMP or PRINCE2. The question – then, the next question arises – Which certification will help me to get the desired success in my career? and Which one helps me to increase my knowledge base in terms of project management? Will PMP or PRINCE2 certification help me in managing my projects?There are many such questions which come to your mind, isn’t it? Don’t worry! We will help you to solve this biggest dilemma.You can choose the ...
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