Skip to main content

Character Accountant in present contents

Character Accountant is an auditor of accounting record of business enterprises. It is also called supervisor of account keeper. Charterer Accountants are a person who are qualified by government authority who create a seprate board called chartered accountant association. Chartered Accountants only can be a member in this association and they can certified a new chartered accountant by taking different stage of examination.
       Now a days Chartered Accountants are so popular because in present contents many business organization are formed broadly and they can deal big business and that kind of business are run in globally so that kind of accounting transaction cannot handle by general auditor and they don't have any authority to do so. In present situation the world is narrow because of wide communication facilities, now a days we can easily communicate in different location so it is also apply in business so many business deal are done through internet and e-mail and bye help of doing e-mail and internet persons get information and they can promotion their business through online so that this kind of business transaction only can handle by Chartered Accountant and they have lots of knowledge about present contents business and Chartered Accountant only studies this kind of business audit that's way Chartered Accountants are so popular in their field as business.

Comments

Popular posts from this blog

Wealth maximization

Wealth maximization means the goal of the firm should be to maximize the market value of its equity shares which represents the value of the firm to its equity shareholders. Wealth maximization means maximizing the net present value of a course of action. That financial action which has a positive net present value creates wealth and therefore is desirable. It is consistent with the objective of maximizing owner's economic welfare. It implies the fundamental objective of a firm should be to maximize the market value to its shares. In corporation, a management team is elected to manage its activities. Management is supposed to operate in  the best interests of the shareholders. Some have argued that the managers could work just enough to keep stockholders' at a "fair" or "reasonable" level and then devote the remainder of their efforts and resources to public service activities, to employee benefits of higher executive salaries. Similarly, the stockholders ge...

Working Capital

Capital required for a business can be classified under two categories: fixed capital and working capital. Long-term funds are required to create production facilities through purchase of fixed assets such as plant, machinery, land, building, furniture, etc. The capital which is used in this regard is fixed capital. Funds are also needed for short term purpose for the purchase of raw materials, payments to wages and other day to day expenses, etc. These funds are known as working capital. So this fund is used on current assets such are being constantly converted into cash. So it is also known as revolving or circulating capital.Tere are two conclusion of working capital Gross concept : In the broad sense, the term 'working capital' refers to the gross working capital and represents the amount of funds invested in current assets. Thus, the gross working capital is the capital invested in total current assets of the enterprise. Net working capital concept : In a narrow sense,...

Cost of capital

The cost of capital of a firm is the minimum rate of return expected by its investors. The capital used by a firm may be in the form of debt, preferences capital. retained earning and equity shares. Hence, to achieve the objective of wealth maximization, a firm must earn a rate of return more than its cost of capital. Hence, the cost of capital to a company is the rate of return. It must earn its investments in order to satisfy the expectations of investor who provide long-term funds to it. Therefore, the firm's cost of capital will be the overall, or average, required rate of return on the aggregate of the investment projects. Importance of cost of capital : The following are the importance of significances of cost of capital a) Financial standard : The cost of capital is used as a financial standard for evaluating the investment projects. To calculate Net Present Value, it is essential. So it is used for evaluating the desirability of the investment project. b) Determination ...