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Q. Describe the Functions of Controller?
(1) Planning and budgeting: - It comprises capital expenditure planning, profit planning, budgeting, inventory control, sales forecasting etc.
(2) Financial Accounting: - He establishes a appropriate system of accounting controls it and prepares financial statements such as profit and Loss Account and Balance Sheet etc.
(3) Cost Accounting: - He set up a cost accounting system appropriate to the business and controls it.
(4) Data Processing: - It comprises the collection and analysis of business data.
(5) Internal Auditing: - He manages internal audit as well as internal control.
(6) Annual Reports: - He prepares annual reports as well as various other reports needed by the top management.
(7) Information to Government: - He organizes annual reports to be submitted to the Government under various laws.
Q. What do you mean by Collateralized Mortgage Obligation? Collateralized Mortgage Obligation (CMO) - SECURITY whose cash flows equal the difference between cash flows of colla
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You've just won a huge $100 million lottery. You've decided to invest your winnings in the following way: $30 million in real estate, $30 million in corporate bonds and $40 mil
discuss an operating cycle of vegetable growing in Uganda
Meaning of Capital Budgeting Decisions relating to irreversible commitment of funds to projects whose profits are to be reaped over a time span longer than the current account
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