LIVE MANAGEMENT EDUCATION

Human resource management plays an important role for the development of organization. There are many function of human resource manager. These function are job design, job analysis, training and development, compensation, performance appraisal, recruitment, transfer and so on. Every function plays an important role for the growth of organization. Among all transfer is also an important function that plays an important role for optimum utilisation of human resource force.  There are many types of transfer. These types are as below: 1. Production transfer- it is the first type of transfer. Production is the first and main function of organization. The process in which employees are forwarded to other department to production department to perform the activity of production by an effective, efficient way. This type of transfer is called production transfer.  2. Replacement transfer- there are many employees who work in organization for a short period for a particular type of fun...

We know that there are many equipments company use in production process.These equipments are convenors,Truck etc. All these equipments increase the production of organization. Material Handling is the movement storrage, control and protection of materials goods and products through out the process of manufacturing distribution process including there consumption and disposal.  In other words we can say that Material handling is the art and science of moving, storing, protecting, and controlling material. Materials handling is the movement and storage of materials at the lowest possible cost throw the use of proper method and equipment. Materials handling is the art and science of conveying,elevating,positioning,transporting ,packaging and storing of materials. Material handling is the function of moving the right material to the right place is the right time,in the right amount,in sequence and in the right condition to minimize production cost.  Example- 1.Chute canveyor...

 Production is the first main and very important function of business.  In 21 st century, Today most sucess company of world company Identify, Recognise in world Market due to production.  The process of changing raw materials into finished good with the help of plant and technology this process is called a Production.  Planning is the combination of policy, rules, regulations, so we can say that production planning is the process of making implementing, Executeing, policy, rules, regulations, law to maximise the production of organization maximum.  A/ Q to KIMBALL.  " The planning of industrial operations involves four consideration, namely, what work shall be done, how the work shall be done, how the work shall be done and lastly, when the work shall be done and kimball.  According to Ray wild, production planning is defined as follows.  " Production planning is concerned with the determination, acquirisation and arrangements of all facilities n...

It is also an important document that is essential to establish any company in any concern country. It is a collection of information that will use among members employees of organization among coming era when a company perform it's function.  In other words we can say that memorandum is the collection of facts, figure, data, information that will use by all members in coming era to perform the function of business by members.  ELEMENT OF MEMORANDUM:-  There are three element of memorandum. These element are heading, subject line and body. Advantage:-  1. It is a communicative tool.  2. It is a convenient so all members understand share, discuss to one another.  3. It is a collection of record that will use if any problem occurs before organization.  4. It is a guideline for new members who join organization and wants to know the sharing method of organization inside organization.  5.                  ...

Company is a formal firm of organization that is established according to predefine rules regulations,law of concern government. It is established to perform the function of business like production, demand forecasting, supplying, trading, etc at large scale on global way. There are many documents are essential for the establishment of company. These document are Article of Association, Memorandum and so on. Every document is essential and play an important role for the performing the function of business. Among all Article of Association is also an important document that is essential to play an important role in the performing the function of business.  In other words we can say that Article of Association is a primary document in which company explains nature, purpose, objective and function of company. It is submitted before government to establish any company in India. It contains many category, sub category, column in which the details of company is mentioned. It is also call...

Features of company- Company is a formal organization that is established according to rules regulations of concerned government. In India central government makes an act in 1956 for the performing of function of business in India. This act is known as company act 1956. There are many amendments in this act but it is the pillar of company in India. Every company that performs their function follow the rules, regulations of this act. The feature of company is as below- 1. Artificial legal person- it is the first feature of company. Company is an artificial person created according to rules regulations, law of country. So, company possess all types of right that a person possess.  2. Seperate legal entity- a company is a legal person. So, it has a separate legal entity. It can open bank account, issue cheque, accept cheque and so on. So, there is no formal relationship between company and founder.  3. Common seal- a company is a legal person. It has its own identification in the...

There are two types of sale in business. One is current sale and second is future sale. Future sale is an important part of sale that plays an important role to expand the business. The process in which two parties makes an agreement to sell products or services in coming era. This type of process is called contract of sale.  In other words we can say that the process in which two persons, organizations, company make an agreement or contract to sell any products or services in coming era. This type of agreement or contract is called contract of sale or agreement of sale.  Essential elements of contract of sale: There are many elements of contract of sale. These elements are as below- 1. Two parties- it is the first element of contract of sale. There are two persons, one person offers something to second person and second person accepts it.  2. Product- it is the second element of contract of sale. First person offers something to second person accepts something. This some...

Partnership is an important form of business organization. It is very popular in 19th and 20th century but it is less popular in 21st century.  There are many types of partnership. These types are as below- 1. Active partner- it is the first type of partner. The partner who invest money and participate in policy making, planning. This type of partner is called active partner.  2. Sleeping partner- it is the second type of partner. The partner who invest money in business but do not participate in day to day activity. This type of partner is called sleeping partner.  3. Nominal partner- it is also an important type of partner. The partner who invest his money but he doesn't take any interest in the activity of business. They only get profit. This type of partner is called nominal partner.  4. Profit partner- the partner who makes an agreement with all partners and according to an agreement he gets only profit, if any loss organization face he doesn't bear it. Such typ...

Sale is an important function of business. It plays an important role in the growth and goal achieving process of organization.  It is the transferred of ownership on behalf of money.  In other words we can say that the process in which the ownership of any products or service transferred from one person to other person, one organization to other organization, one company to other company. This process is called sale.  In the word of law section 54, sale as a transfer of ownership in exchange for a price paid or promise to be paid.  Element of sale: There are two element of sale. 1. Transfer of ownership- it is the first element of sale. Sale is the process of changing ownership. The person who possess ownership of any products or services, they have power, right to use it according to their own way. If any type of problems happens they are responsible, accountable for this mistake and get financial punishment. If sale happens the power, right, duty, responsibility, ...

 Partnership is an important form of business organization. It is an important form in 19th and 20th century.  There are many kinds of partner. These kinds are active partner, sleeping partner and so on but the right of all partners are equal and equivalent. These rights are- 1. To take part in every meeting- it is the first right of every partner to attend all the meeting that is organised for the growth and development of organization.  2. To access financial document- there are many types of financial document organization makes. These are profit and loss account, trading account, balance sheet and so on. There are a number of financial paper organization make to such type of document. These document are cash book, journal, ledger, trial balance and so on. It is the right of partner that they may see, care, watch all document.  3. To get equal profit- there are many types objective before organization. These are survival, sales revenue maximization, profit maximiz...

 There are many types of documents, company makes. These documents are formal and informal. Profit and loss Account, Balance Sheet, Trading Account are the formal documents whereas Fund Flow Statement, Cash Flow Statement are informal documents that is made to proper, maximum and optimum utilization of finance to maintain growth rate and predefined goal of organization.  Definition: Cash flow statement also called statement of cash flow in an accounting statement that shows the amount of money generated and used by a business during a given period of time.  In other words we can say that a cash flow statement reveals a company's cash inflow and outflow.  In other words we can say that the documents that shows the inflow and outflow of cash and it's concern things in a fixed financial year. This document is called cash flow statement.  Objective: There are many objective of cash flow. These objective are as below- 1. It shows the flow of cash from all activities ...

 There are many forms of business. These forms are sole proprietorship,Partnership,cooperative society, joint Hindu family, Joint stock company, joint venture and so on. Every form has its unique feature ,function, merit, demerit, application and so on. Among all partnership is one of an important form of business that is very popular in 19th and 20th century.  Definition- The firm in which two or more than two persons agree to start a business and accept the result according to predefine term, conditions this type of firm is called partnership.  According to sec 4 of the Indian partnership act 1932 :- Partnership is the relation between person who have agree to share the profit of a business carried on by all or any of them acting for all.  Essential elements- There are many essential elements of partnership. These elements are as below:- 1. Two person:- It is the first essential element of partnership. There are two persons essential to start a form of partnership....

 There are many agreements company do for the performing their function by effective, efficient way to achieve their goal. All agreement that are enforceable by law is called contrat.  In other words we can say that the agreements that fulfills  predefine rules regulations, law terms and conditions and brings positive result .This type of agreement is called contract.  Elements of contract: There are many elements of contract. These elements are as below- 1. Offer and acceptance- It is the first element of contract. There are two parties in contract.First party gives offer to second party and second party accepts this offer.If first party gives offer and second party doesn't accept it contract is not possible and if second party accept it contract is possible.  2. To create a legal relationship- It is the second element of contract. The exchange of offer and acceptance between first person and second person should be positive and create a legal relationship....

 Cash flow statement 1. It shows the change of cash of organization.  2. It starts the opening and closing balance of cash.  3. It calculates only cash.  4. It is useful for short term period.  5. It follows the concept of cash of accounting.  6. It shows the inflow and outflow of cash.  7. It is the part of financial statement.  8. It is a narrow concept.  9. It also shows the cause of change in cash.  10. It is less useful.  Fund flow statement: 1. It shows the change of working capital of organization.  2. There is no opening and closing balance in calculating Fund flow.  3. It calculates all elements of working capital.  4. It is useful for long term period.  5. It follows the accural basis of accounting.  6. It shows the changing of financial position of organization.  7. It is not the part of financial statement.  8. It is wide concept.  9. It shows the cause of changing in working capit...