Human resource management is concerned with the "people" dimension in the management. Human resource management means the management of people within an organization . Since,every organization is made up of people, acquiring their services, developing their skills, motivating them to higher level of performance and ensuring that they continue to maintain their commitment to the organization are essential to achieve organizational objectives. Those organization that are able to acquire ,develop ,stimulate and keep outstanding workers will be both effective and efficient. Those organizations that are ineffective or inefficient risk the hazards of stagnating or going out of business. Human resource does creates organization and makes them survive and prosper. If human resources are neglected or mismanaged, the organization is unlikely to do well. "Human resource management is the field of management which has to do with planning organizing and controlling the func...
Accounting concepts provide a foundation for accounting process. When a business enterprise prepare financial statements ,it is based on some set rules known as policies, principles and conventions. These rules brings uniformity and consistency to the process of accounting and enhance its utility to different users of accounting information. No enterprise can prepare its financial statements without considering these basic concepts and assumptions. These concepts guide how transactions should be recorded and reported. THERE ARE THREE ACCOUNTING CONCEPTS 1. Going Concern Concept In this concept, we assumed that business will continue to exist for a long period in future. For example when outside parties enter into long term contracts with the enterprise, gives loans and purchase the debentures and share of enterprise, it is because of going concern concept. According to going concern concept transactions are recorded in the bo...