Questions

The Supreme Court of India, the highest court in the Republic of India. There are currently 25 judges (including Chief Justice of India) against a maximum possible strength of 31. As per the Constitution of India, judges of the Supreme Court retire at age 65.

Justice Dipak Misra, from Odisha is the current and 45th head.

The 1st country in Asia to legalise same-sex marriage is Taiwan.

A genus can best be defined as a taxon composed of one or more species and a classification level lying below family.

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.

Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.

The objectives & purposes of financial reporting :–

* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.

* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.

* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.

* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.

* Providing information as to how an organization is procuring & using various resources.

* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.

* Providing information to the statutory auditors which in turn facilitates audit.

* Enhancing social welfare by looking into the interest of employees, trade union & Government.

I. Inputs

• Enterprise environmental factors


• Organizational process assets


• Project scope statement


• Work breakdown structure


• WBS dictionary


• Project management plan

                 - Risk register

                 - Risk - related contractual agreements

                 - Resource requirements

                 - Project schedule

                 - Activity cost estimates

                 - Cost baseline

II. Tools and Techniques

• Make-or-buy analysis


• Expert judgement


• Contract types

III. Outputs

• Procurement management plan


• contract statement of work


• make-or-buy decisions


• Requested changes