Precompilation is the process through which the SQL statements used in the COBOL-DB2 program are replaced by appropriate COBOL calls. The precompilation is necessary before the actual compilation because the COBOL compiler cannot recognize the DB2 SQL statements and will throw errors due to them.DB2 utility DSNHPC is used for ... Read More

The package is a database object which contains the SQL statements from DBRM in a DB2-optimized form.The collection is a group of packages using which we can segregate the DB2 packages belonging to the different applications. For example, in a production environment for a Telecom company, we can have different ... Read More

The COBOL-DB2 program can be executed with the help of IKJEFT01. The IKJEFT01 is an inbuilt mainframe utility that allows us to run z/OS TSO commands via Job control language(JCL). If we want to execute a COBOL-DB2 program PROGA of plan PLANA we must give a JCL step as below.//STEP010 ... Read More

The Bluetooth link layer outlines the way Bluetooth devices can use the raw transmission facility given by the radio layer to exchange information. The functions of the link layer is very close to MAC (medium access control) sublayer of the OSI model.The following diagram shows the position of link layers ... Read More

According to International Financial Reporting standards (IFRS), Liabilities are present obligations of the enterprises arising from past events, the settlement of which is expected to result in an outflow from the enterprises of resources embodying economic benefits.In simple words, it is amount owned by the company to the creditors.Classification of ... Read More

An asset is a resource which has an economic value which can generate future cash flows. It is owned or controlled by individuals, corporation or a government. Asset can be a property, inventory, trademarks or patents.Based on its liquidity, assets are recorded in the balance sheet in descending order. More ... Read More

The main difference between accrual base accounting and cash base accounting is as follows −Cash based accountingAccrual based accountingIt is a single entry accounting.Only cash transactions are recognised.Doesn’t recognise account receivables or accounts payable.Useful for small companies.Easy to understand.Focus on liquidity.Not recognised by companies act.Not a holistic approach.Not more accurate.Matching ... Read More

Cash based accounting means, it records only those transactions relates to cash. That means transactions of revenue and expenses are recorded when payments are made or received through cash only. It is a single entry accounting.It is useful for simple accounting system.It is used, if inventory is to be valued.It ... Read More

Bookkeeping is keeping the record of business transactions on day to day basis. It includes identifying, measuring and recording of transactions. Bookkeeping is basis of preparing accounting statements. It records below transactions, but not limited to, Payments to suppliers.Loan payments.Invoice payments.Asset depreciation.Generating financial reports.In olden days, that means days before ... Read More

Accounting is process of recording financial transactions of a firm. These recordings are classified into assets, liabilities, revenue, expenses, transactions and reporting. Recording the transactions can be done into −System of book keeping.Tracking transactions.Making financial reports.Objectives of accounting are as follows −Maintain records.Utility resources.Profit and loss.Financial position.Decision making.Different types of ... Read More