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What is internal audit?
access_time 2019-01-14T04:44:22.796Z face CA N Raja
Internal audit is an independent Management function. Here internal Audit department will appraise the functioning of entity continuously as well as critically with an intention to suggest improvements to add value and to strengthen the overall Governance and Risk Management and internal control sys...
Fundamental Accounting Assumptions
access_time 2019-01-11T07:00:03.407Z face CA N Raja
These assumptions can be divided into Three First one is Going Concern.second one is accrual number .and third one Consistency.These assumptions are general in nature and users can assume that financial statements are prepared on these assumptions only. It means no disclosure is required when financ...
What is Bridge Finance?
access_time 2019-01-07T10:14:14.857Z face CA N Raja
Let's say your company has taken up a big project and it has approached financial institution for a long term loan and let's say that loan also has been sanctioned but Financial institution is taking time for finalising its procedures related to security creation Or tie up with other institutions. H...
Meaning and advantages of Factoring
access_time 2019-01-04T06:50:37.102Z face CA N Raja
We know most of the business entities makes credit sale and they have to do credit investigation before making credit sales, then maintain various documents related to the sales, They should follow up with the customers on due date for payment. These additional work will take significant time of man...
what is Retention Money Guarantee
access_time 2019-01-01T11:45:02.2Z face CA N Raja
In banking you will come across customers who are undertaking construction contracts. While these contractors receive payment from their employers certain percentage of payment will be retained and generally it will not exceed ten percentage that retained portion is called as retention money but pro...
