Accountancy & Financial matters Management blogs

Personal Financial  Improvement through Side Gig :                  Motivation is the key factor which can give a boom to a person productivity . That’s the reason every business organization giving a compensation to their employees to keep their motivation level high for productivity. But that’s not enough the 9 am to 5 pam or the 40 hours weekly work in a very stressful business environment with low job security and in very not comfortable business and economic conditions their productivity level is not same all the time.             That’s the reason now the many researchers they are saying that the side gig or side business and some other means of earning can improve the employees and individual productivity, level of satisfaction and financial worth . That’s the reason many business organization they conduct the worksh...

Internal Auditing Process:                 According to the open source definition of internal auditing activity “Internal Audit Activity can be define as set of  independent  activities which provide the assistance to objective based and consulting activities to the business organizations regarding their projects and operational activities.”                 Internal audit activity is now considering as most important for business departments and organizations to list at the stock exchanges in United States of America. As we know that the Institute of  Internal Auditors (THE IIA) defines the internal auditor  activities as follows “ Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations” 1.    ...

Audit and Approaches: Audit is the official inspection of an organization business approaches and its financial data by and independent body. There are four different generally accepted approaches which are as follows. a)       Balance Sheet Approach: b)       System-Based Approach: c)        The Substantive procedures approach: d)       Risk based approach:     The details of these approaches are as follows: a)       Balance Sheet Approach: The balance sheet is the very important part of the financial data recording. Its helps the user of the data to get the information about the company performance on its assets, equity and liabilities usage. According to this approach the auditors make their focus on the limited procedures and put their complete efforts to abstract the use able information form the balance...