AIEEE Questions

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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.

Dakshayani, which is in news recently, is an Animal (She - elephant).

The main source of organic matter in soil is the plant and animal tissue that decompose at each level of breakdown.

Atal Bihari Vajpayee was a Member of Parliament for 12 times i.e, 10 times for lok sabha and 2 times for rajya sabha.

All the above given options are the examples of social interaction. In sociology, interactions are of five types.They are :

1) Exchange

2) Competition

3) Cooperation

4) Coercion

5) Conflict

India's Keerthana Pandian has won the girls’ title in the IBSF World Under-16 Snooker Championships.

In the final in St Petersburg, Russia, Keerthana outclassed her Belarussian rival Albina Leschuk 3-1.

The term for classifying and grouping organisms is Taxonomy. It is the science of defining and naming groups of biological organisms on the basis of shared characteristics.