Depositories are necessary for several reasons. They provide security for the bearer of financial instruments and provide liquidity in the market. They offer consumers a place to make both time and demand deposits. Due to the increase in the number and volumes of security transactions depositories were introduced. Dealing with securities in the physical form …
Cost accounting is central to any business operation. It provides important information for management decision making that is used in financial control and pricing amongst other important business decisions. Cost accounting is directly linked to matters of a business’s profitability. So we can understand how important cost accounting is to businesses. The advantages of cost …
The Advantages And Limitations Of Cost Accounting Read More »
Industrial relations has evolved from being a near non-existent practice to one of the most important elements in business today, perhaps the most important. Human capital is certainly a determinant of organisation success so the importance of industrial relations cannot be understated. From the dark ages of slave labour, regulation around employment has evolved to …
As the world progresses ever so slowly towards having uniform global accounting standards many points of view have emerged on both the virtues and limitations of accounting standards. While there are valid arguments on both sides of the debate, accounting standards will be with us and are continuing to move towards harmonisation and ultimately, global …
Management accounting is a branch of accounting that has a vast scope and objectives. As the name suggests it is a function of accounting that serves the needs of management in a business. Management accountants perform many tasks that include cost accounting, financial accounting, cost-benefit analysis and producing information for decision making. Despite its wide …
Financial statements published by companies are their way of communicating with the outside world about both the performance and position of the company. While accounting regulates that information should be truthful, reliable, a fair representation, complete and material there are very few things that do not possess room for improvement. Ratio analysis is used by …
It is a long-held view that the more a financial system develops the more the corresponding economy develops. In this school of thought, the role of financial systems in economic development is ancillary. Many empirical studies support this belief. It does follow that as an economy develops there are likely to be more complex and …
The Role Of Financial Systems In Economic Development Read More »
Various theories of selling have been developed overtime. There has been a lot of research by behavioural scientists regarding selling as an art or a science. As a result, different theories have been proposed. Some of these theories of selling include, AIDAS, the right situation theory and the buying formula, to name a few. What …
Collective bargaining plays a critical role in maintaining peace in organisations. It is a way to include employees’ participation when it comes to issues concerning them. There are various ways of collective bargaining employees can use to put their concerns and views across to their employers. Some of them include distributive bargaining, integrative bargaining, composite …
Any type of insurance is meant to manage risk in the event of unfortunate incidents such as theft, accidents or damage. However, when it comes to ships the stakes are higher. This is because the cargo risks being damaged or stolen, the vessel itself risks being involved in an accident or capsizing and the people …
