Exams

About 71% of the earth's surface is covered with water. In that 71% only 4% of water is a fresh water.

Isotopes are variations of an element that have the same charge as the original element, but a different mass, which is caused by either more/less neutrons in the nucleus.

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.

All the statements except ‘C’ are about the Energy saving certificates. BEE in 2013 launched tradable certificates for industries which achieved energy efficiency standards. Only statement C is very general. It is more about electricity.

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

The number of protons in an isotope or an atom gives its atomic number whereas the number of protons and neutrons gives its mass number.