Saturday, July 6, 2013

Company

A company is an association or collection of individuals people or "warm-bodies" or else contrived "legal persons" (or a mixture of both). Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals.

A company can be defined as an "artificial person", invisible, intangible, created by or under Law, with a discrete legal entity, perpetual successionand a common seal. It is not affected by the death, insanity or insolvency of an individual member.
The English word has its origins in the Old French military term compaignie (first recorded in 1150), meaning a "body of soldiers", originally taken from the Late Latin word companio "companion, one who eats bread with you", first attested in the Lex Salica as a calque of the Germanicexpression *gahlaibo (literally, "with bread"), related to Old High German galeipo "companion" and Gothic gahlaiba "messmate". By 1303, the word referred to trade guilds. Usage of company to mean "business association" was first recorded in 1553 and the abbreviation "co." dates from 1769. (The equivalent French abbreviation is "cie".)

Computer

A computer is a general purpose device that can be programmed to carry out a finite set of arithmetic or logical operations. Since a sequence of operations can be readily changed, the computer can solve more than one kind of problem.
Conventionally, a computer consists of at least one processing element, typically a central processing unit (CPU) and some form ofmemory. The processing element carries out arithmetic and logic operations, and a sequencing and control unit that can change the order of operations based on stored information. Peripheral devices allow information to be retrieved from an external source, and the result of operations saved and retrieved.
The first electronic digital computers were developed between 1940 and 1945. Originally they were the size of a large room, consuming as much power as several hundred modern personal computers (PCs).[1] In this era mechanical analog computers were used for military applications.
Modern computers based on integrated circuits are millions to billions of times more capable than the early machines, and occupy a fraction of the space.[2] Simple computers are small enough to fit into mobile devices, and mobile computers can be powered by smallbatteries. Personal computers in their various forms are icons of the Information Age and are what most people think of as “computers.” However, the embedded computers found in many devices from MP3 players to fighter aircraft and from toys to industrial robots are the most numerous.

Management

Management involves the manipulation of the human capital of an enterprise to contribute to the success of the enterprise. This implies effective communication: an enterprise environment (as opposed to a physical or mechanical mechanism), implies human motivation and implies some sort of successful progress or system outcome. As such, management is not the manipulation of a mechanism (machine or automated program), not the herding of animals, and can occur in both a legal as well as illegal enterprise or environment. Based on this, management must have humans, communication, and a positive enterprise endeavor. Plans, measurements, motivational psychological tools, goals, and economic measures (profit, etc.) may or may not be necessary components for there to be management. At first, one views management functionally, such as measuring quantity, adjusting plans, meeting goals. This applies even in situations where planning does not take place. From this perspective, Henri Fayol (1841–1925)considers management to consist of six functions:

Difficulties arise in tracing the history of management. Some see it (by definition) as a late modern (in the sense of late modernity) conceptualization. On those terms it cannot have a pre-modern history, only harbingers (such as stewards). Others, however, detect management-like-thought back to Sumerian traders and to the builders of the pyramids of ancient Egypt. Slave-owners through the centuries faced the problems of exploiting/motivating a dependent but sometimes unenthusiastic or recalcitrant workforce, but many pre-industrial enterprises, given their small scale, did not feel compelled to face the issues of management systematically. However, innovations such as the spread of Arabic numerals (5th to 15th centuries) and the codification of double-entry book-keeping (1494) provided tools for management assessment, planning and control.

Forex Market


Friday, July 5, 2013

Filing

In civil procedure systems, filing rules can be mandatory . In a mandatory filing system, all documents of legal importance exchanged between the parties are also filed with the court, while in a permissive filing system, nothing needs to be filed until the case reaches a point where direct judicial management is absolutely necessary (such as the brink of trial).
  In contrast, the U.S. state of New York is known for its permissive filing system, which was modified in 1992 but still largely operates in its traditional form in certain lower courts.[2]
Filing may also refer to submission of a form to a government agency, with or without an accompanying fee.
A newer phenomenon is electronic filing, in which lawyers simply upload Portable Document Format electronic documents to a secure Web site maintained either by the courtor by a private commercial service like This is convenient in that many courts can now accept filings at all hours, rather than only during regular business hours. Where e-filing is in effect, the filer is normally required to lodge a "courtesy copy" (that is, a conventional paper copy) at the chambers of the assigned judge by the next business day. The courtesy copy of the filing is merely used to decide the motion at issue and is discarded when no longer needed, since the electronic file is now the court's master copy of the case file.
A few progressive courts, such as the U.S. District Court for the District of Nevada, now work primarily with electronic files and have abolished the courtesy copy requirement for small filings below a certain number of pages.

Derivative

In calculus, a branch of mathematics, the derivative is a measure of how a function changes as its input changes. Loosely speaking, a derivative can be thought of as how much one quantity is changing in response to changes in some other quantity; for example, the derivative of the position of a moving object with respect to time is the object's instantaneous velocity.
The derivative of a function at a chosen input value describes the best linear approximation of the function near that input value. Informally, the derivative is the ratio of the infinitesimal change of the output over the infinitesimal change of the input producing that change of output. For a real-valued function of a single real variable, the derivative at a point equals the slope of the tangent line to the graph of the function at that point. In higher dimensions, the derivative of a function at a point is a linear transformation called the linearization.A closely related notion is the differential of a function.
The process of finding a derivative is called differentiation. The reverse process is called antidifferentiation. The fundamental theorem of calculusstates that antidifferentiation is the same as integration. Differentiation and integration constitute the two fundamental operations in single-variable calculus.

Data collection

Prior to any data collection, pre-collection activity is one of the most crucial steps in the process. It is often discovered too late that the value of their interview information is discounted as a consequence of poor sampling of both questions and informants and poor elicitation techniques.[3] After pre-collection activity is fully completed, data collection in the field, whether by interviewing or other methods, can be carried out in a structured, systematic and scientific way.
A formal data collection process is necessary as it ensures that data gathered are both defined and accurate and that subsequent decisions based on arguments embodied in the findings are valid.[4] The process provides both a baseline from which to measure and in certain cases a target on what to improve.
Other main types of collection include census, sample survey, and administrative by-product and each with their respective advantages and disadvantages. A census refers to data collection about everyone or everything in a group or statistical population and has advantages, such as accuracy and detail and disadvantages, such as cost and time. A sampling is a data collection method that includes only part of the total population and has advantages, such as cost and time and disadvantages, such as accuracy and detail. Administrative by-product data are collected as a byproduct of an organization's day-to-day operations and has advantages, such as accuracy, time simplicity and disadvantages, such as no flexibility and lack of control.

acounting

 Accountng production of financial records about an organization. Accountancy generally produces financial statementsthat show in money terms the economic resources under the control of management; selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.[3]
Many tedious accounting practices have been simplified with the help of computer software. Enterprise resource planning (ERP) software provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. This software can replace up to 200 individual software programs that were previously used. Computer integrated manufacturing allows products to be made and completely untouched by human hands and can increase production by having less errors in manufacturing process. Computers have reduced the cost of accumulating, storing, and reporting managerial accounting information and have made it possible to produce a more detailed account of all data that is entered into any given system. Computers have changed business to business interaction through e-commerce. 

Today, accounting is called "the language of business"[8] because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. 

Thursday, July 4, 2013

Auditing

The general definition of an audit is an evaluaion  of a person, organisation, system, process, enterprise, project or product. The term most commonly refers to audits in accounting internal auditing, and government auditing, but similar concepts also exist in project management, quality management, water management, and energy conservation.
Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances (financial or otherwise) of an enterprise for a stated purpose. In any auditing the auditor perceives and recognizes the propositions before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment which is communicated through his audit report.

Historically, the word ‘auditing’ has been derived from Latin word “audire” which means “to hear”. According to Dicksee, traditionally auditing can be understood as an examination of accounting records undertaken with a view to establishing whether they completely reflect the transactions correctly for the related purpose.  In addition the auditor also expresses his opinion on the character of the statements of accounts prepared from the accounting records so examined as to whether they portray a true and fair picture.

Data entry

A data entry sometimes called a typist  is a member of staff employed to type data into a databse using a  keyboard,scanner , or data recorder. The keyboards used can often have specialist keys and multiple colours to help in the task and speed up the work. While requisite skills can vary depending on the nature of the data being entered, few specialized skills are usually required aside from touch typing proficiency with adequate speed and accuracy. The ability to focus for lengthy periods is necessary to eliminate or at least reduce errors. When dealing with sensitive or private information such as medical, financial or military records, a person's character and discretion becomes very relevant as well. Beyond these traits no technical knowledge is generally required and these jobs can even be worked from home.