No matter what kind of project it is, without proper planning and scheduling, you can never make it successful. That’s why project management has gained massive importance in today’s time. There might be many project scheduling techniques out there, but one thing is quite pertinent that the goals you create have to be specific, achievable, measurable and timely.
A receipt and payment account is a summary of all receipts and payments under proper head, which take place during the accounting period. We can understand, in the cashbook similar type of transactions are summarized and their total amount is posted to the receipt account and payment account under the proper title.
The basic objective of NPO organizations is to provide social services to those who either have less purchasing power or no purchasing power for utilizing those services. These institutions are financed by donation whether local or international donor agencies for example UNICEF, WFP, FFF Jordan etc.
Trends in the present millennium and the past few decades show a rise in the negative impacts of natural disaster, as well as in imbalance in the ecosystems due to development. Extreme events such as natural disasters are part of nature’s fury or human interventions, and the inability to cope with them negatively impact human life.
Disaster may occur in different forms and can remain from hour to days and weeks. Natural, Biological & Person-Induced Hazards
In order to understand possible options for reducing potential risks and losses to humanity caused by disaster, it is important to clearly define terms used in disaster mitigation.
In order to understand the principles of disaster mitigation it is important to clearly understand the phases of disaster management cycle like mitigation, preparedness, response, relief & recovery and disaster management.
The process of recording of transaction in the journal is called passing or journalizing the entry. A general journal is the first accounting record. It is just like a basket in which all accounting transactions are recorded in order of their occurrence. It is called the original book of entry. Journalizing the entries is the first step in the accounting cycle.
The financial data generated by a large business enterprise is enormous. The method of recording, the data should be such that retrieval may be quick and the information provided is timely and reliable for economic decision-making.
The business entity concept means that business is separate entity apart from its owners. The accounting records are maintained for the business entity. It is important in order to evaluate the performance of the business. A business entity may have many accounting entities in it.