Responsibility accounting Responsibility accounting involves a company’s internal accounting and budgeting. The objective is to assist in the planning and control of a company’s responsibility centers—such as decentralized departments and divisions. Re…

The amount charged when one division sells goods or services to another division is called transfer price.   The basic purpose of transfer pricing is to induce optimal decision making in a decentralized organization (i.e., in most cases, to maximize the p…

IMF is UNO recognized international monetary fund or reserve which helps its members. It established in 1946 after bretton wood meeting. It has 185 members across the all nations but soviet Russia and its member are not linked with IMF.

Bond immunization is an investment strategy used to minimize the interest rate risk of bond investments by adjusting the portfolio duration to match the investor's investment time horizon. It does this by locking in a fixed rate of return…

An efficient market is one in which securities prices reflect all available information. This means that every security traded in the market is correctly valued given the available information. There are a number of different definitions of what constitutes a…

What is Money Market?

Understanding the environment within which the business has to operate is very important for running a business unit successfully at any place. Because, the environmental factors influence almost every aspect of business, be it its nature, its location, the prices o…

circular flow of money The important concepts of national income are: 1. Gross Domestic Product (GDP) 2. Gross National Product (GNP) 3. Net National Product (NNP) at Ma…

Job analysis is a systematic approach to defining the job role, description, requirements, responsibilities, evaluation, etc. It helps in finding out required level of education, skills, knowledge, training, etc for the job position.   Importance of Job Analysis…

We all need to consider the environmental factors when wanting to implement anything.We all require a contingency approach to be more effective in the present world. The same holds true for organizations. The purpose of this topic is to unravel the mystery surroun…