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.

Scientists believe that , about 4.6 billion years ago, the solar system was formed when a cloud of gas and dust in space was disturbed, maybe by the explosion of a nearby star called a supernova.

Pest infestation is nothing but the presence of large number of pests at a place, typically so as to cause damage or disease.

Climatic conditions affect a considerable number of pests. Some are more active during warmer periods than others. As these summer insects invade your home, they're likely in search of food, water, shelter, or have encountered an entrance. To pest-proof your home this summer, it's best to remove their 'WHY’ or reason for entering your home.

* Keep your place clean and dry. Make sure there is no food laying about.

* Removing food residue - food is a common attraction to a number of different pests.

* Regular disinfection of the surfaces.

The Indian Space Research Organisation is the space agency of the Government of India was set up in the year 1969, headquartered in the city of Bangalore. Its vision is to "harness space technology for national development while pursuing space science research and planetary exploration.

English author Amitav Ghosh has been honoured with 54th Jnanpith Award for 2018 for his outstanding contribution towards literature.

When a process enters the system it is placed in the job queue.