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This is a concept note on MIS, which attempts to cover many types of Business Models we normally see. Accordingly, to any particular organization, only some of the modules covered here would be relevant.As you see in the chart below, an organization
Companies Act 2013, referring to the Directors' Responsibility Statement, explains Internal Financial Controls (IFCs) as the policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, in
As professional accountants, or as consultants or as internal auditors, when we receive any enquiry for an assignment, to know about the organization and to assess the possible scope of an assignment, we prepare a Diagnostic Review Report (DRR). Info
People who are familiar with ERP or Integrated Applications, experience this problem. In medium and large organizations, where such computerized systems are in use, general tendency is to add Vendors in the Master, and leave them there even if they a
A company is engaged in procurement of paddy, process it, sell and distribute rice products. Operations are characterized by high volumes and movement of materials on a large scale. Every day, about 150 trucks reach the plant with paddy and a similar
Internal Audit has been gaining importance over the years. This has been due to:a. Statutory requirements including recent ones through the Companies Act 2013, like mandatory appointment of an Internal Auditor in certain cases, importance for Interna
Internal Audit has been gaining importance over the years. This has been due to:a. Statutory requirements including recent ones through the Companies Act 2013, like mandatory appointment of an Internal Auditor in certain cases, importance for Interna
The Companies Act 1956 did not contain any mandatory provisions relating to Risk Management, whereas the Companies Act 2013 placed specific expectations on important stakeholders in a company, namely, the Board of Directors, Audit Committee and the I
Internal Audit has been gaining importance over the years. This has been due to:a. Statutory requirements including recent ones through the Companies Act 2013, like mandatory appointment of an Internal Auditor in certain cases, importance for Interna
After 4 decades of working, I believe that I have some useful thoughts to share with young Accountants to help in their career advancement. Hence this article.Knowledge WorkersWe are all knowledge workers. When I conduct interviews for fresh Chartere
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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