structure. One should also note the lengthy court battles between Scientologists and the US government over their status as a religion‚ which has allowed them to be exempt from paying taxes‚ an extremely large benefit to any company trying to make a profit‚ as well as the suspicious and sudden out-of-court conclusion of those proceedings. Many other
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another butterfly. We serve the future by protecting the present. The more fully the needs of one period are met‚ the greater will be the success of the next.” (Maria Montessori) The Montessori environment may be looked at as a small society that is preparing the child for his future. Guiding him towards finding his role in the Universe; that he has a responsibility to nature; and to be respectful to everything in the Universe. To enable the directress to channel the children towards these goals she must
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The non-profit organization (NPO) is itself the employer. The board of directors (the "Board")‚ usually elected by the general meeting of the members at an annual meeting‚ is responsible for overseeing the work of the organization and its employees. While decisions on the advice to hire staff or volunteers can delegate management team‚ board members are still responsible for the overall supervision of the organization‚ and can‚ in certain circumstances‚ are legally responsible decisions during his
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* INTRODUCTION TO DEMAT ACCOUNT: * EVOLUTION OF DEMAT ACCOUNT: The term "demat"‚ in India‚ refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures in electronic form rather than paper‚ as required for investors by the Securities and Exchange Board of India (SEBI). In a demat account‚ shares and securities are held electronically instead of the investor taking physical possession of certificates. A demat account is opened by the investor
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profitability begins to decline. The company is still considered profitable at this point‚ but losing ground. The second period is known as the period of crisis. At this point the company needs to turnaround. This stage is marked by a decline in profits (even negatives)‚ a fall in market share and the company’s poor cash situation. The third stage is the period of recovery or the turning point. This is the stage where serious action is taken to turnaround the company. Important decisions like scaling
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Gross profit is a company’s residual profit after selling a product or service; it involves deducting the cost associated with the production and sales. To calculate gross profit it involves examining the income statement. In the income statement you take the revenue and subtract the cost of goods sold. This is also called gross margin and gross profit. Gross profit is needed in a company because it shows how efficiently management uses labor and supplies in the production process (Investopedia
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DEFINITION A branch of economics concerned with resource allocation as well as resource management‚ acquisition and investment. Simply‚ finance deals with matters related to money and the markets. To raise money through the issuance and sale of debt and or equity MEANING OF FINANCE ------------------------------------------------- Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance‚ which affects
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Principle of Accounts Notes Topic: Introduction to Principles of Accounts What is accounting? Accounting is the process of identifying‚ recording‚ summarizing and communicating financial information to interested parties so that inform judgments and decisions can be made. The Purpose of Accounting: 1) It provides reports on the financial position of an organization and the profitability of its operations. 2) It helps management to make effective and efficient decisions in
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Unit 213 Preparing text from notes 1. Understand preparing texts from notes 1.1 Describe different types of documents that may be produced from notes and the formats to be followed A document is information produced in either printed or electronic (on-screen) format. All documents can be produced using standard applications packages. We can use different kind of formats: Standard word documents: Use for the creation of most documents such as letters‚ memos‚ minutes‚ etc. Template: It is a sample
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Accounts Receivable Turnover = Net Sales/Average Net Account Receivables Accounts receivable turnover ratio measures the effectiveness of a company in extending credit and collecting debts. It is an activity ratio that measures how efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from
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