Bank PO Questions

Nari-Shakti is the Hindi word of the year in the Oxford Dictonaries for 2018.

James Madison was the one who became President in the future after writing The federalist papers. Alexander Hamilton, James Madison and John Jay were the three who wrote The federalist papers. 

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.

The "Pradhan Mantri Shram-Yogi Maandhan" scheme was launched on 15-02-2019. Under the PM-SYM scheme, the workers will get amount of Rs. 3,000 pension after attaining the age of 60 years. 

Chlorophyll is the pigment that gives pant leaves their green color.

A.R. Rahman making the anthem for upcoming Hockey World Cup 2018's prime video.

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.