Knuckle-buster is a slang term that indicates the financial usage of manual credit card imprinted. This was a device that was used before the introduction of point-of-sale terminals, that has become hugely popular.Knuckle-Buster – What Is It?The term knuckle buster represents the usage of manual credit card, that was used widely and there and was physically extremely exhausting for the vendors who would injure their knuckles literally. This was before the point-of-sale terminals were introduced and this caused some serious injurious.Despite it being known as zip-zap machines at the time, they proved to injure the vendors regularly and thus the ... Read More

In artificial intelligence (AI), knowledge engineering is a branch of the science that develops rules to apply to data in order to simulate the thinking process of a human expert. It examines the structure of a job or a choice in order to determine how a result is arrived at.A collection of problem-solving techniques, as well as the ancillary information is developed and given up as issues for the system to diagnose. The software developed as a consequence of this research will be used to help humans in diagnosing, troubleshooting, and fixing problems.Key Points BrieflyArtificial Intelligence (AI) has a subset ... Read More

When it comes to consumption and production, the knowledge economy refers to a system founded on intellectual capital. The capacity to profit on scientific discoveries, as well as fundamental and applied research, is specifically referred to as innovation. These activities have grown to constitute a significant portion of all business growth in most industrialized nations.There are intangible assets that every employer monitor and some examples is the knowledge and intellectual property provided by the employees as it may contributesignificantly to the growth of the company.Key Points BrieflyMost developed countries around the world lay importance on academic and scientific research that ... Read More

Kiting is the deceptive use of a financial asset to acquire extra credit that has not been approved by the lender in advance. Kiting is comprised of two major kinds of deception −Despite insufficient balance in the bank checque get’s issued or altered.Misrepresenting the worth of a financial asset for the aim of prolongating credit obligations or growing financial leverage is considered fraud in the financial industry.Key Points BrieflyKiting is the unlawful use of financial products in order to acquire more credit by deceiving the lending institution.Cheque kiting is a kind of fraud that targets banks or merchants by issuing ... Read More

Generally speaking, a kiosk is a tiny, temporary, stand-alone booth that is placed in high-traffic locations for the purpose of marketing. A kiosk is often staffed by one or two people who work together to draw attention to the booth in order to get new clients.Key Points BrieflyKiosk is used by small and large businesses and they are generally temporary, stand alone booth located to attract consumers and promote brand.There could be just a couple of people incharge of a Kiosk or in some modern situations, they are automated.These are considered to be cost-effective solitons for small businesses and attract ... Read More

The popular messaging service application Kik introduced their own cryptocurrency to reward users, and it is called Kin. This could be earned by several members who participate on the messaging platform of Kik as reward points. The incentive provided by the company is to use these points to make other purchases.Key Points BrieflyThe social media application Kik offered its users a cryptocurrency in 2017 through an initial coin offering.The company has claimed to have raised over $100 Million from that offering.The company enjoyed great success mainly because of the vast number of users that they enjoy when compared to other ... Read More

The Kenyan Shilling (KES) is the main currency of the Republic of Kenya. It is also used in Kenya, the Sudan, and Somalia, among other countries in Africa. The shilling is subdivided into 100 cents, with each cent representing one penny. Prices often contain the abbreviation KSh, as in "100 KSh" to refer to one hundred shillings, or "100 KSh" to refer to one hundred shillings. KES is the trade symbol for the foreign exchange market (FX).KES/USD exchange rates touched a record high in 2009 at about 75 shillings per US dollar, but the rate steadily declined over the following ... Read More

Post-Merger Integration (PMI) is a process of merging two or more firms/organizations/companies to increase synergies and reach their forecasted value.Top executives, stakeholders, team members, Human Resources (HR), new management will take responsibility for post-merger activities. There is no period to complete the deal.Every merger has their own time frame (may be months, years).Post-Merger Integration (PMI) includes the following −Recruiting process − Based on short, long term needs, process and compensations.Overlap − Includes layoffs, benefit forms, securing top employees.Technology − Includes merger systems and new organisation charts.Performance − Includes training to employees, documents for review etc.AreasThe areas that come under the ... Read More

The main purpose of mergers and acquisition is to form different or same individual companies into one unit.Merger means combining similar companies (size) to form a new single unit whereas acquisition is when larger companies acquire smaller companies or absorption of smaller companies by bigger companies. Depending on the acquirer company board, the merger and acquisition can be friendly or hostile.Types of mergerThe types of merger are as follows −Horizontal − Merger between two similar companies.Vertical − Merger between company and customer/company in its supply chain.Conglomerate − Merger between companies in different sectors.Forms of integrationStatutory − Occurrence merger when acquirer ... Read More

According to accounting standards 14, amalgamation is done according to the nature of merger and nature of purchase. Amalgamation is the process of unification between two or more companies involved in similar business to form a new company.If the amalgamation nature of merger, method of accounting is used in pooling of interest method and if amalgamation nature of purchase then purchase method of accounting is used.Pooling of interest methodIn this acquired form the capital account is removed and this removed account is replaced by new stock of the acquiring company. In this method deal is nothing but exchange of equity ... Read More