Methods of Wage Payment
Methods of Wage Payment There is a specific department in a firm called payroll department which is engaged in preparation of payroll based on time recording methods. The department prepares…
Finance
Methods of Wage Payment There is a specific department in a firm called payroll department which is engaged in preparation of payroll based on time recording methods. The department prepares…
What is Labor Cost Control? Labor cost control refers to the management and optimization of the expenses associated with employing and compensating workers within an organization. Labor costs typically represent…
Material Pricing Methods The following approaches of pricing are prevalent in the market and a firm may adopt any of them according to their suitability. First in First Out Method…
What is Material Cost Control? Material cost control is a set of strategies and practices employed by businesses to manage and optimize the costs associated with acquiring and using materials…
What is Tax Audit? A tax audit is an examination conducted by a financial agency that oversees the compliance of all tax-paying entities. A tax audit may be triggered by…
Social audit may be defined as a commitment to systematic assessment of and reporting on some meaningful, definable domain of a company’s activities that have social impact.
What is Propriety Audit? The propriety audit is confined to examine the validity of appropriations or is concerned with verifying that there is no leakage of revenue and wastage of…
Objectives of Management Audit The basic objectives of the management audit can be briefly stated as under: To identify the overall objectives of the organisation.To find out the extent to…
What is Management Audit? Management Auditing is a method to evaluate the efficiency of management at all levels throughout the organisation or more specifically, it comprises the investigation of a…
What is Cost Audit Programme? Cost audit programme is a detailed plan prepared by the cost audit showing how various stages of the cost audit work are to be completed…