Questions

A chemical bond in which the electrons are not shared equally due to differences in the electronegativity of the atoms.

The polarity of a covalent bond is measured using its dipole moment.

 Large dipole moment = more polar

 Small dipole moment = more nonpolar.

Glass is made from heating of sand. To melt sand to make glass, the temperature needed is above 1800 deg celcius.

Troposphere is the most densest layer and is the lowest atmospheric layer.

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.

The first municipal corporation was set up in India in the year 1687 at Madras, preceding the Bombay and Delhi municipal corporations.