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RISK MANAGEMENT PROCESS The future is largely unknown. Most business decision-making takes place on the basic of expectations about the future. Making a decision on the basis of assumptions, expectations, estimates and forecasts of future events involves taking risks. Risk has been described as the “sugar and salt of life”. This implies that risk can…
RISK MANAGEMENT Risk management is a process that identifies loss exposures faced by an organization and selects the most appropriate techniques for treating such exposures. Because the term risk is ambiguous and has different meanings, risk managers typically use the term loss exposure to identify potential losses. Risk management is a scientific approach to the…
Recent Trends in Management Reporting In this post you will study Recent Trends in Management Reporting. Study and make the proper notes grabbing full understanding of this topic. RECENT TRENDS IN MANAGEMENT REPORTING MANAGEMENT REPORTING- MEANING Management reports aim at informing managers of different aspects of the business, to help them make better-informed decisions. They…
In this post you will study Difference between Financial Accounting Management Accounting and Cost accounting. Study and make the proper notes grabbing full understanding of this topic. MANAGEMENT ACCOUNTING Management Accounting is the Identification, Measurement, Accumulation, Analyses, Preparation, Interpretation and Communication of information that assists managers in fulfilling organizational objectives. Management accounting is all about…
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DIFFERENCE BETWEEN MANAGEMENT ACCOUNTING AND COST ACCOUNTING In this post you will study Difference between Management Accounting and Cost Accounting. Study and make the proper notes grabbing full understanding of this topic. MANAGEMENT ACCOUNTING Management Accounting is the Identification, Measurement, Accumulation, Analyses, Preparation, Interpretation and Communication of information that assists managers in fulfilling organizational objectives….
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In this post you will study Difference between Management Accounting and Financial Accounting. Study and make the proper notes grabbing full understanding of this topic. MANAGEMENT ACCOUNTING Management Accounting is the Identification, Measurement, Accumulation, Analyses, Preparation, Interpretation and Communication of information that assists managers in fulfilling organizational objectives. Management accounting is all about supplying right…
MANAGEMENT ACCOUNTING NATURE AND SCOPE In this post you will study management accounting nature and scope. Study and make the proper notes grabbing full understanding of this topic. Management Accounting is the Identification, Measurement, Accumulation, Analyses, Preparation, Interpretation and Communication of information that assists managers in fulfilling organizational objectives. Management accounting is all about supplying…
Discuss the Global Trading Environment of recent times and its implications for Indian Economy? GLOBAL TRADING ENVIRONMENT The Global Trading Environment consists of trade negotiations between nations to form agreements by giving away some of their sovereign rights for a common mutual beneficial goal. The concept of global trading environment is based on the principle…
REASONS FOR DOING INTERNATIONAL BUSINESS EXPLAIN THE RATIONALE OF COMPANIES GOING GLOBAL? The rationale of the companies going global is supported by various reasons. The business expanding globally can enjoy the benefits of generation of more revenue, competing for the new sales or increasing market share, new investment opportunities, diversifying the business, enjoying economies of…
DISCUSS THE DIFFERENT MODE OF ENTRY INTO INTERNATIONAL BUSINESS? INTERNATIONAL BUSINESS: International business consists of business transactions between parties from more than one country. The parties involved in such transactions may include private individuals, individual companies, groups of companies, or governmental agencies. MODE OF ENTRY INTO INTERNATIONAL BUSINESS Mode of entry may be defined as…
