Most of the time amateur entrepreneurs ignore taking up insurance policies and they often consider it as a low priority expense, but these expenses are the ones that must not be avoided. The expense ratio in the insurance industry...
Starting a business or a start-up has always been an expensive activity. Every individual who plans to start a business must always foresee all the expenses that may come in the way he must prepare for such expenses in...
There are various factors to be considered while assessing whether a donation made is out of scope or not. Some of such matters are listed below:• Whether the donor will receive any benefit in return for the donation?• Whether...
Practices of donations, grants, sponsorships are very commonly seen and appreciated as part of social responsibility activities performed by entities. Amounts getting transferred in such exercises are to be properly classified to ensure compliance with the rules as laid...
This type of report mainly focuses on the sales of the product or services of a company weekly, monthly, yearly, etc. to identify the deviations in sales as per the expectations and it specifies the income, reasons for such...
Summary reportIt is a type of report where the large volume of aggregate business data is showcased in a concise and summarized form. These may include the reports related to demographics, customer segmentation, recent market trends. Trend MIS (Management...
MIS reporting is concerned with the analytical reporting on basis of informational data received related to the business. It covers the overall aspects of the company in addition to its financial statements and provides a crystal-clear picture to management...
MIS means Management Information System, which assists a business company in detecting the bottleneck areas, errors, and red flags which may affect the company. MIS helps the company to analyze the data collected and study it thoroughly to formulate...
• CIF ( Cost Insurance Freight ) Cost, Insurance, and Freight, this type of Incoterm mean that the supplier of the goods or services is in the position where he will undertake the liability of the supplies until it...
Delivered Duty Paid, it is an Incoterm where the seller is entitled to bear the maximum liability of the supplies made and he is also obliged to deliver the supplies to the buyer at the place as per the...