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 consist of Principles, Concepts, Conventions, rules and guidelines developed over a period of time to bring uniformity and consistency to the process of accounting in order to enhance its utility to various users of accounting information. These principles are based on past experiences, usage or custom, statements by individuals and professionals bodies, and regulations by government agencies. These principles are not static in nature and are influenced by changes in legal , social,and economic environment. Accounting principles 1. Business Entity Principle This Principle assume that business has a separate and distinct entity from it owners,creditors, managers and others. It means we have to record business transactions from firm's point of view and not from the point of view of the owners. Because of the principle of separate entity the owner's house,his personal investment in securities, personal expenses are kep...