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Q:

What is the objective of Financial Reporting?

Answer

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.

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Subject: Finance Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

Q:

Whose teachings did the pilgrims follow?

Answer

The pilgrims follow John Calvin's teachings.

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Subject: Indian Culture Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

Q:

Which of the following is an air pollutant?

A) Sulphur dioxide B) Ozone
C) Water vapour D) Nitric oxide
 
Answer & Explanation Answer: A) Sulphur dioxide

Explanation:

Air pollutants are solid particles, gases, and liquid droplets in the air that can adversely affect ecosystems and the health of humans.

 

Major ambient air pollutants include toxic metals, polycyclic aromatic hydrocarbons, benzene, particulate matter (PM), nitrogen oxides, sulfur oxides, carbon monoxide, and ozone. Power plants, factories, and vehicle and air traffic are the most important anthropogenic sources of air pollution.

 

In addition, natural sources such as wildfires and volcanic activity contribute to ambient air pollution.

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

Which of the following is true of kinetochores?

A) They are the primary centrosome structures that maintain the attachment of the sister chromatids prior to mitosis. B) They are the sites at which microtubules attach to chromosomes.
C) They are located at the center of the centrosome and organize tubulin into spindle fibers. D) They cross at the cell's equator and move against each other, causing the cell to elongate.
 
Answer & Explanation Answer: B) They are the sites at which microtubules attach to chromosomes.

Explanation:

They are the sites at which microtubules attach to chromosomes.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

Which of the following is not a prime cost?

A) Supervisor's wages B) Assembly line wages
C) Machine operators wages D) Direct labor wages
 
Answer & Explanation Answer: A) Supervisor's wages

Explanation:

The prime cost calculates the use of raw materials and direct labor, but does not factor in indirect expenses, such as advertising and administrative costs.

Supervisor's wages doesn;t come under prime cost.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

Q:

Which of the following definitions describes a physical hazard?

A) The most commonly thought of hazard in construction. This hazard includes radiation, extreme temperatures, noise, and vibration. B) These hazards can lead to injuries to the joints or muscles by way of heavy, frequent lifting, repetitive tasks.
C) Can be present in dust, fumes, liquids, solids, mists, vapors, or gases of products used at a site or released during a construction job D) Microorganisms, such as bacteria, fungus, mold, or viruses that can cause illness.
 
Answer & Explanation Answer: A) The most commonly thought of hazard in construction. This hazard includes radiation, extreme temperatures, noise, and vibration.

Explanation:

A physical hazard is defined as "A factor within the environment that can harm the body without necessarily touching it."

Vibration and noise are examples of physical hazards.

 

Physical hazards include but aren't limited to electricity, radiation, pressure, noise, heights and vibration amongst many others.

 

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

The Marine Corps philosophy of leadership is based upon developing individual Marine.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

The belief that leadership qualities can be developed within the individual Marine, and that leaders have the responsibility for developing those qualities is the Marine Corps philosophy of leadership.


 


The United States Marine Corps, also referred to as the United States Marines, is a branch of the United States Armed Forces responsible for conducting amphibious operations with the United States Navy.

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Subject: World History
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

World's oldest living man 2018?

A) Masazo Nonaka B) Francisco Nunez Olivera
C) Juan Pablo Villalos D) Les Colley
 
Answer & Explanation Answer: A) Masazo Nonaka

Explanation:

According to Guiness World Records, the world's oldest living man Masazo Nonaka has turned 113 years on 25 July of 2018 in Japan's Hokkaido.

world_oldest_man1532609412.jpg image 

 

Francisco Nunez Olivera was the former oldest person who died on 29th of January 2018 at the age of 112 years.

 

Les Colley (1898 - 1998, Australia), is the oldest ever man to father a child. He had his ninth child a son named Oswald to his third wife at the age of 92 years 10 months.

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Filed Under: General Awareness
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst