PERFORMANCE & EFFICIENCY AUDITING

 PERFORMANCE AUDIT     Meaning   An independent examination of the efficiency and effectiveness of government undertakings, programs or organisations, with due regard to economy, and the aim of leading to improvements”.   Performance audit is simply an audit of sound financial management, namely of the economy, efficiency and effectiveness with which audited … Read more PERFORMANCE & EFFICIENCY AUDITING

Functions Of Management.Organizing (1)

 FUNCTIONS OF MANAGEMENT – ORGANIZING   Organizing is the process of identification and grouping of activities, assigning duties and delegating authority to the managers, allocating necessary resources and establishing coordination among individuals and department of an organization with a view to attain its objectives.   PROCESS OF ORGANIZING :   The process of … Read more Functions Of Management.Organizing (1)

Working Capital

 WORKING CAPITAL                                             Meaning of Working Capital Every business needs funds for two purposes for its establishment and to carry out its day-to-day operations. Capital required for a business can be classified under two main categories viz. (i)        Fixed capital (ii)      Working capital. Long-term funds are required to create production facilities through … Read more Working Capital

FUNCTIONS OF MANAGEMENT STAFFING

 FUNCTIONS OF MANAGEMENT – STAFFING     Staffing refers to the managerial function of employing and developing human resources for carrying out the various managerial and non-managerial activities in an organisation. This involves determining the manpower requirement, and the methods of recruiting, selecting, training and developing the people for various positions created in … Read more FUNCTIONS OF MANAGEMENT STAFFING