Category: Did You Know ?

Where there’s a will, there’s a way to write it yourself!

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, some of whom may be waiting to receive a part...

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What does 2030 have in store for you financially?

If you revisit some of the old sci-fi movies like Metropolis or 12 Monkeys, you find that they take place around the year 2030. This was supposed to be an era of the distant future. But for us, that future...

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Best HR Management Systems in India

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, managing human resources may turn out to be a tricky,...

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Top 10 Personal Finance Bloggers in India

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 out something new. Blogging is one such avenue which people...

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What is Backorder Cost

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 cost of the inability to fulfill an order. The costs...

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What is Escalation & De-Escalation Clause?

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 the value has been determined. Because of increasing prices, it...

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What is Sunk Cost

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 that can’t be regained so they shouldn’t be taken into...

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Paper Money or Tissue Paper

 This article on Paper Money or Tissue Paper has been compiled by CA Prashant Singh.  ———————————————————————————————————————————————————- What if the currency you hold is just a colored paper with numbers? Does magical words of Jerry Maguire excites you? SHOW ME THE...

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Cash Flow Statement – Direct & Indirect Method

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 the changes in the Cash Position of an organisation, it...

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Funds Flow Statement: Meaning & How to Prepare

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 of funds i.e. Sources and Applications of funds for a...

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