Question { ICICI, 63529 }

What is Treasury Bills?

Answer

Home >> Products & Services >> Treasury Bills

Treasury Bills


Treasury Bills are money market instruments to finance the
short term requirements of the Government of India. These
are discounted securities and thus are issued at a discount
to face value. The return to the investor is the difference
between the maturity value and issue price.

Question { 10776 }

What is financial management?

Answer

The term ‘financial management’ has a number of meanings
including the administration and maintenance of financial
assets. The process of financial management may also
include identifying and trying to work around the various
risks to which a particular project may be exposed.

Some experts refer to financial management as the science
of money management – the primary usage of the term being
in the world of financing business activities. However, the
process of financial management is important at all levels
of human existence, because every entity needs to look
after its finances.

From an organizational standpoint, the process of financial
management is the process associated with financial
planning and financial control. Financial planning seeks to
quantify various financial resources available and plan the
size and timing of expenditures.

Question { Shivam Dye Chem, 4432 }

Business Managment

Answer

Someone has said: “No time like the present”. When one has
decided upon something, one must act right now. The forge
is ready impatiently waiting for the momentus strike of the
Smith. Time is like an arrow; once it is let off, it won’t
come back, time wasted cannot be recovered. Every golden
moment of life is precious and only the weak –knead and
feeble-minded let the time slip through his fingers and
weep when the loss becomes irreparable. Time is more
precious than money, time is life have been experts in time
management and are seldom given to sloth and lethargy. So
take care you time starts now. Today, this moment is yours--
----.

Right now you adopt some winning strategies: a) you learn
some ways to improve your communication skills. B) you be
ambitious, because ambition plays a very significant role
in one’s career. It is the person’s desire to achieve a
position that makes one strive towards that direction.
Indeed, one must have a set target before him without any
ambition or target, one cannot achieve any rightful
position in one’s life. So, ambition to a larger extent
would determine your career position.


COMMUNICATION-SPEAKING AND LISTENING

Whether you are the speaker or a listener, asking question
facilitates an exchange of information.

Ask questions of your listeners to:

-Clarify your message

-Improve understanding

-Get deeper into the issues.

-Discover motives.

Show interest interest by asking question of the speaker’s
ideas and experiences.

Avoid questions that pry into personal matters. Be
sensitive.

When asking questions, frame them tactfully.

Consequences if you do. You may:

-Stop flow of information.

-Offend or hurt-feeling.

Question { Capital IQ, 31461 }

what is inflation?

Answer

inflations occur when money expanding more than its
proportion to income earning activity.

Question { 8744 }

repo rate

Answer

repo rate is that rate at which RBI lends securities &
money to other banks.current rate is 7.75. ...

Question { Bank Of America, 25294 }

what is management?

Answer

MANAGAMENT

1.MANAGE
2MEN
3.TACTFULLY

I.E. MANAGE THE PEOPLE
TACTFULLY.

Question { Sutherland, 37822 }

What do u mean by MIS?

Answer

management information system.

Question { 3656 }

What do you means strength of a person in accounting term

Answer

The mutual effect of strains of the contour of the cross
section and bending of the axis of a shell is manifest in
ovalization of the cross section and an increase in
stresses in the structure. Ovalization of the cross section
must be taken into account for long structural shells with
the dimensions $$\bar l > 0.6$$ and sgr10max/E(R/delta)
ge0.6.

Question { TATA, 4597 }

what is private sector banking and public sector banking

Answer

in this highly competitive world, success of any
organization depends on its human resource. Banks are no
exception to this. A satisfied, happy and hard working
employee is the biggest asset of any organization,
including banks. Workforce of any bank is responsible to a
large extent for its productivity and profitability.
Efficient human resource management and maintaining higher
job satisfaction level in banks determine not only the
performance of the bank but also affect the growth and
performance of the entire economy. So, for the success of
banking, it is very important to manage human resource
effectively and to find whether its employees are satisfied
or not. Only if they are satisfied, they will work with
commitment and project a positive image of the
organization. Once banking was confined to public sector
only but it was opened to private sector in 1991 on the
recommendations of the Narsimaham Committee. The present
paper makes an effort to study the job satisfaction level
among employees of selected private and public sector banks
in Ludhiana. Bank jobs have always remained the first
preference of the youth here. So, this study is also an
effort to find out what they think of this job afterwards.

Question { 4341 }

Which are Accounting Standers?

Answer

The Accounting Standards Team's principal objective is to
determine the AICPAs technical policies regarding financial
accounting and reporting standards.

Question { 3272 }

LET ME KNOW WHAT IS THE PROCESS FOR CUSTOMER INTEREST
CALCULATION KINDLY EXPLIAN THE REQ. STEPS

Answer

Here are steps for customer interest calculation:

1. Define terms of payments:
T.code: OBB8
path: img ->fin. accting -> AP AR :-> Business
transactions :->outgoing invoice and credit memo :->
maintain terms of payment

2. Define Interest Cal indicators / type:
T.code: ob46
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation global settings :->
define interest cal types
here in int cal type select 'p' for int cal on line items

3. Make Interest Indicator Available to Interest Run
Program:
T.Code: ob82
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation global settings :->
prepare int. on arreas

4. Create Reference Interest Rate:
T.code: OBAC
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation :-> interest
calculation -> define reference interest rate

5. Assign interest indicators to ref. int rate or define
time dependant terms:
T.code: ob81
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation :-> interest
calculation -> define time dependant terms
here in sequnece # always use 1 for line item interest

6. Interest calculation account assignment:
Here we will mention how and which accounts the interest
program should post.
T.code: obv1
path: img ->fin. accting -> AP AR :-> Business
transactions :-> interest calculation :-> interest posting -
> prepare interest on arreas calculation (customers)

Question { ICA, 5044 }

AS 2 deals with

Answer

Valuation of Inventories.

Question { Capital IQ, 44134 }

list out the accounting concepts and explain the accural
concept

Answer

Fundamental accounting concepts are enforced through
accounting standards and/or company law.

* Going concern concept: This concept states that we
must assume that a business will continue to operate for
the forseeable future and it follows that we should use
historical cost when valuing assets. In exceptional
circumstances, however, we are able to reject this concept.
For example, such curcumstances might include knowledge
that a company is short of cash and is likely to cease
trading shortly. In this circumstance we would prefer to
value assets at their expected sale price.
* Consistency concept: Once a businesses has decided
upon a method for the accounting treatment of an item, it
will enter all similar items that follow in the same way. A
business may decided to change its method for the
accounting treatment of items, but this should not be done
without a great deal of thought. If the change in method
has a material effect on the values disclosed in the
financial statements then the effects of the change should
be stated.
* Prudence concept: Caution will be exercised when
dealing with uncertainty, but not to the extent that
financial statements cease to be neutral (i.e. don’t be
more cautious than we need to be).
* Realisation concept: Rather than being a separate
concept, this is usually considered to be subsidiary to the
prudence concept. The realisation concept states that
profits should only be taken into account
when “realisation” occurs. Realisation occurs only when the
ultimate realised cash is capable of being determined with
reasonable accuracy (i.e. goods/services provided, buyer
accepts liability to pay, monetary value is agreed, and the
buyer is known to be in a position to pay). This is not the
same time that the order is received or the time that the
customer actually pays.
* Accruals concept: The accruals concept states that
net profit is the difference between the revenues earned
and the expenses incurred in generating those revenues
(i.e. Revenues - Expenses = Net Profit). Determining the
expenses used to generate revenues is known as “matching”
expenses against revenues. Key to the appreciation of this
concept is that all income and charges relating to the
financial period to which the financial statements relate
should be taken into account, regardless of the date of
receipt or payment.
* Separate determination concept: This concept states
that when determining the aggregate amount of each asset or
liability, the amount of each individual asset or liability
should be determined separately from all the rest. For
example, a business with 3 machines would record in the
balance sheet the sum of the individual values of the 3
machines.
* Substance over form concept: This concept states that
if the legal form of a transaction differs from its real
subsance then the accounting treatment should be in
accordance with the real substance of the transaction. For
example, a business undertaking the hire-purchase of a
vehicle will not own the vehicle until all installments are
paid and the option to take legal possession is exercised.
However, from an economic point of view the vehicle will be
used just as if it had been purchased outright. The correct
accounting treatment would be to show the vehicle being
bought via hire-purchase on the balance sheet as if it were
legally owned by the business, but also to show separately
the amount owed for it.

Question { 4822 }

explain the matching concept and what is the deffered
revenue expendiature and how it related into matching
concept.

Answer

Matching concept
The accounting principle that requires the recognition of
all costs that are associated with the generation of the
revenue reported in the income statement.

A deferred revenue expenditure is that where the benefit
the expenditure can be had for more than ONE accounting
period and less than FIVE accounting periods. There are no
hard and fast rules that the period is linted to 1 - 5. It
is just an assumption. It stands as an expired cost after
the business entity has had the complete benefits. It is
written off every year.

BOTH ARE CONTEMPORARY TO EACH OTHER....

Question { 10488 }

what is G.D.P

Answer

The gross domestic product (GDP) is one the primary
indicators used to gauge the health of a country's economy.
It represents the total dollar value of all goods and
services produced over a specific time period - you can
think of it as the size of the economy. Usually, GDP is
expressed as a comparison to the previous quarter or year.
For example, if the year-to-year GDP is up 3%, this is
thought to mean that the economy has grown by 3% over the
last year.