Questions

The fourth edition is planned in the CITY OF PEARLS, the silicon valley of India, Hyderabad; the capital of Telangana, India.

List of all the National Parties in India and their established years are ::

• India National Congress - 1885

• Communist Party of India - 1925

• CPI (Marxist) - 1964

• Bharatiya Janata Party - 1980

• Bhahujan Samaj Party - 1984

• All India Trinamool Congress - 1998

• Nationalist Congress Party - 1999.

Molten rock inside the earth is called Magma.

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

Laterite soils are a tropical soil and possess a great amount of iron and aluminum. Due to its high iron oxide content they look like rusty-red coloration.

Convex mirror is used as rear view mirror in vehicles. Because the image is smaller, more image can fit onto the mirror, so a convex mirror provides for a larger field of view than a plane mirror. This is why they are useful.

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.