HRM/U1 Topic 7 Flexi-time, Mentoring
What Is Flextime in HR Terms? Work-life balance and flexible workplace scheduling are concepts many human resources practitioners consider when they’re searching for options to improve job satisfaction, engagement and […]
HRM/U1 Topic 6 Empowerment, Human Capital
Empowerment refers to the delegation of some authority and responsibility to employees and involving them in the decision-making process, not in mere job activities, but rather at all the levels of […]
HRM/U1 Topic 5 Personnel Management vs. HRM
The main difference between Personnel Management and Human Resource Management lies in their scope and orientation. While the scope of personnel management is limited and has an inverted approach, wherein workers are […]
HRM/U1 Topic 4 Emerging Challenges of HRM
Retaining your best talent – Make it your top priority Gone are the days where recruiting good talent was enough, retaining that good talent is also imperative. Especially those employees […]
HRM/U1 Topic 3 Evolution of HRM
Evolution of Human Resource Management In early stages, employees working in factories were treated harsh condition with minimum wages or without wages in poor working condition. The government interferes on […]
HRM/U1 Topic 1 Nature and Scope of HRM
According to Leon C. Megginson “From the national point of view human resources are knowledge, skills, cxreative abilities, talents, and attitudes obtained in the population; whereas from the view-point of […]
CA/U3 Topic 4 Meaning and Computation of abnormal loss
In accounting, Consignment can be defined as the act of sending the goods by the manufacturers or producers to their agents for the purpose of sale. The person who sends […]
CA/U2 Topic 9 Selling and Distribution Overheads
Commonly, selling expenses, publicity expenses & distribution expenses are known as marketing cost. Marketing Cost: Cost which is incurred for the purpose of publicizing & presenting the product of the undertaking […]
CA/U2 Topic 8 Factory overheads, Administration overheads
Factory Overheads Factory overhead is the costs incurred during the manufacturing process, not including the costs of direct labor and direct materials. Factory overhead is normally aggregated into cost pools […]
CA/U2 Topic 7 Fixed, variable, Semi Variable and Step Cost
Fixed cost: It mainly relates to time or period. It remains unchanged irrespective of volume of production like factory rent, insurance, etc. The cost per unit fluctuates according to the production. […]
CA/U2 Topic 6 Administration, Selling, Distribution, Research and Development Functional Analysis
Administration Overhead The term administration refers to the formulation of policy, direction, control and management of affairs. The general functional expenses are included in the administration overhead. In other words, […]
CA/U2 Topic 5 Overhead: Factory Functional Analysis
Factory overhead is most commonly defined as “manufacturing costs that are not classifiable as direct material or direct labor.” Factory overhead costs include indirect materials, indirect labor, and factory expenses. […]
CA/U1 Topic 4 Remuneration systems and incentives scheme
(I) Individual Incentive Plan: Reward systems tied to the performance of individual employees are known as individual incentive plans. These plans depend on category of workers for which they are […]
CA/U2 Topic 3 Direct and indirect labor
The difference between direct labor and indirect labor is that only labor involved in the hands-on production of goods and services is considered to be direct labor. All other labor […]
CA/U2 Topic 2 Overtime, idle time and incentives
Idle time means the amount of time the workers remain idle in a normal working day. The idle time is usually caused by a sudden fault in machine or equipment, […]
CA/U2 Topic 1 Attendance and Payroll Procedures
Manual Method: Under this method the attendance time of employees are recorded either by the time keeping officer or by employees themselves. The manual methods of time keeping are as […]
