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.

#include<stdio.h>
int main(){
    int a=5,b=10;
    a=b+a;
    b=a-b;
    a=a-b;
    printf("a= %d  b=  %d",a,b);
}

65486  65486

I. Inputs

• Project scope statement


• Work breakdown structure


• WBS dictionary


• Activity cost estimates


• Activity cost estimate supporting detail


• Project schedule 


• Resource calendars 


• Contract


• Cost management plan

II. Tools and Techniques

• Cost aggregation


• Reserve analysis


• Parametric estimating 


• Funding limit reconciliation

III. Outputs

• Cost baseline 


• Project funding requirements 


• Cost management plan (updates)


• Requested changes

Human Resource Planning - Identifying and documenting Project roles, responsibilities, and reporting relationships, as well as creating the staffing management plan.

Acquire Project Team - Obtaining the human resources needed to complete the project

Develop Project Team - Improving the competencies and interaction of team members to enhance project performance.

Manage Project Team - Tracking team member performance, providing feedback, resolving issues, and coordinating changes to enhance project performance.