Questions

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.

I. Inputs

• Project management plan


• Work performance information


• Rejected Change requests

II. Tools and Techniques

• Project management methodology


• Project management information system


• Earned value technique


• Expert Judgment

III. Outputs

• Recommended corrective actions


• Recommended preventive actions


• Forecasts


• Recommended defect repair


• Requested changes 

Centrifugal force is the fictitious force that pulls out from the center on the body we feel while moving in the circular path. It increases with the rate of rotation of the axis i.e, acceleration of the body.

Yes, we know that water is a universal solvent.

Water can moderate temperature because of the two properties: high-specific heat and the high heat of vaporization.

Water is a polar molecule that has a high level of polarity and attraction to ions and other polar molecules.

Hence, all the above given options are the properties of water.

All proteins, carbohydrates and fats are macronutrients that we need to make living. They contribute to 90% of the dry weight of our diet. 

From the given options, Excess carbohydrates and fats are stored; excess proteins are not.