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Companies/Organisations Articles
Page 55 of 59
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 MoreMyths Around Agile - Scrum Framework
In our childhood, we used to listen to many stories from our Parents, Grandparents and also Teachers in the school. There are stories about Kings and Queens, Prince and Princes, Dogs and Monkeys etc., a wide range of stories from fictions, drama, and actions to stories with morals. One of such famous stories called as “The Sour Grapes”, where the fox jumped again and again to eat the grapes from the tree, but when he couldn’t reach to that height after many attempts, he declared that the grapes are sour.You can see the same state of affairs also occurs in ...
Read MoreWhat are the things that make good employees quit a company?
Retaining the best people in your organization is truly an art and requires a lot of effort in different ways right from appraisal to allocation of responsibilities. While the HR team in the company tries their level best to keep the employees satisfied, there are different factors that eventually lead to good employees quitting a company.ManagementA manager plays a very important role in giving effective feedback to his colleagues. She/he is a mentor and coach in bringing out the best in an employee.However, when the manager starts becoming bossy, hostile or arrogant, the employees function in fear rather than freedom.A ...
Read MoreWhat is a Forensic Attorney? How to become one?
A forensic attorney is a specialist who brings a connection between law and forensic science to generate conclusions and bring support to various court cases. The attorney is accountable to study the samples and other evidence which have been found at crime spot. For example hair follicles, fingerprints, or paint scrapings, blood samples, etc. and then uses these findings to help in prosecuting offenders.General attorneys are collaborated with forensic scientists to solve cases. An attorney who has experience and specializes in forensics is able to personally perform a scientific examination of court cases.Job ResponsibilitiesThe job responsibilities of forensic attorneys include ...
Read MoreWhat do you mean by compliance specialist?
A compliance specialist is a person who ensures that all the company's managing and operation tasks have complied with the laws regulating the particular industry. Different working industries determines numerous types of specific responsibilities and the fields that use a compliance specialist. These include govt., power, financial services, IT services, manufacturing, healthcare, and many other fields.The senior compliance officer or business manager are the officials who oversee a compliance specialist, who usually reports to them. To achieve this position a bachelor's degree and on-the-job training is basically required. Now, let us take a quick view at some of the different ...
Read MoreWhy should I use Hubspot?
Hubspot is used in your Inbound Marketing system to manage and run it smoothly. It makes the creation of workflows very easy and user actions and events can be clearly defined which can be triggered automatically. This helps greatly in the automation of your marketing system. One of the best inbound software currently out there is HubSpot.It's A Complete Marketing Platform.Previously marketers were forced to juggle between different platforms to reach their potential customers. Hubspot is all in one tool where you can create and optimize your content, nurture leads and at the same time monitor contacts as they evolve ...
Read MoreHow do you know when it's time to move on from your current company?
It really depends on your comfort level at your place of work and that's as basic as it gets. The irony here is that you just can't afford to feel comfortable in any place of work for the simple reason that these places aren't designed for comfort. You have to operate like a special forces soldier in enemy territory, alert and alive to the slightest movement in your immediate vicinity or beyond.Find Your Comfort In DiscomfortAs they say in the special forces, you sleep with one eye open and your boots on and you will have to find your comfort ...
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 MoreWhat is meant by recycling unicorns?
In the world of business, Unicorns are by no means the mythical single horned Equus; it refers to the category of companies called startups with a valuation of over a billion dollars. Hence, recycling unicorns are nothing but startups in the recycling sector that are worth over a billion dollars. It was venture capitalist Aileen Lee who first coined the term 'unicorn' for startups that broke the billion-dollar threshold and the reason he did so was that startups that are worth a billion dollars are as elusive as the mythical unicorn. And yet, there are over 200 unicorns around the ...
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