Category: Did You Know ?

It is often jokingly said that ‘Where there’s a will, there are relatives’. Jokes apart, it is important to make a will for the very reason that there are relatives,...

Human Resources are an integral part of any organization. It is essential to properly take care of the human resources for the organization to be successful. At the same time,...

In the past few years, there seems to be a change in the mindset of people and we are seeing more and more people leave their cushioned jobs and try...

Backorder Cost is a Cost which is incurred by a business when it is unable to fill an order and must complete it later. It is a real and perceived...

An Escalation clause (also known as Escalator Clause) is a clause in a contract that guarantees a change in the agreement price once a particular factor beyond control of either party affecting...

Sunk Cost is also known as ‘Past or Retrospective, embedded cost, prior year cost, or sunk capital’. Sunk costs are costs which cannot be recovered once they have been incurred. Since they are costs...

Cash Flow Statement also known as Statement of Cash Flows is a statement which shows the Changes in the Cash Position of an organisation between 2 periods. Along with showing...

Funds Flow Statement is a statement prepared to analyse the reasons for changes in the Financial Position of a Company between 2 Balance Sheets. It shows the inflow and outflow...

Sarbanes Oxley Act is also known as ‘Public Company Accounting Reform and Investor Protection Act’, ‘Corporate and Auditing Accountability and Responsibility Act’, SOX & SARBOX. The possible questions that strike...