The Italian Luca Pacioli, recognized as The Father of accounting and bookkeeping was the first person to publish a work on double-entry bookkeeping, and introduced the field in Italy. The modern profession of the chartered accountant originated in Scotland in the nineteenth century. The main purpose of accounting principles is to guarantee that a business’s…
The days of manual bookkeeping and ledgers are long gone as emerging technologies in accounting include AI-driven automation, blockchain for secure transactions, cloud-based accounting software, data analytics, and robotic process automation for streamlining repetitive tasks. These emerging technologies have revolutionized traditional accounting practices. Automation is allowing accountants to eliminate or streamline tedious manual tasks like…
Labour Bureau announces CPI (IW) index numbers for July, August, and September 2024. July 2024=142.70 August 2024 =142.60 September 2024=143.30 Average index numbers for the above quarter is =142.86 Therefore DA payable to Officers, of banks for the quarter November 2024 to January 2025 is 19.83% (the average index no. minus 123.03). In the last…
Labour Bureau announces CPI (IW) index numbers for July, August, and September 2024. July 2024=142.70 August 2024 =142.60 September 2024=143.30 Average index numbers for the above quarter is =142.86 Therefore DA payable to Officers, Clerical Staff, and Sub-staff of banks for the quarter November 2024 to January 2025 is 19.83% (the average index no. minus…
Labour Bureau announces CPI (IW) index numbers for July, August, and September 2024. July 2024=142.70 August 2024 =142.60 September 2024=143.30 Average index numbers for the above quarter is =142.86 Therefore DA payable to Officers, Clerical Staff, and Sub-staff of banks for the quarter November 2024 to January 2025 is 19.83% (the average index no. minus…
Labour Bureau announces CPI (IW) index numbers for July, August, and September 2024. July 2024=142.70 August 2024 =142.60 September 2024=143.30 Average index numbers for the above quarter is =142.86 Therefore DA payable to Officers, Clerical Staff, and Sub-staff of banks for the quarter November 2024 to January 2025 is 19.83% (the average index no. minus…
Perhaps the concept of accounting has been around in the world in one form or another for centuries. When a barter system existed in the trading system the system of recording goods and services transactions must have been started. From the books of history, we read that Philosopher and economist Chanakya wrote “Arthashastra” in India…
Accounting is a language of business that communicates the process of classifying and summarizing money-related matters in a detailed manner in such a way that is easy to understand. The primary purpose of accounting is to provide accurate and reliable financial status to stakeholders, enabling them to make informed decisions. The purpose of accounting is…
Ethics of Information Security has both a legal and ethical concept. The ethics of information systems, also known as information ethics or cyberethics, is a branch of ethics that examines the ethical implications of information. It considers the moral aspects of information as a resource, product, or target. On the other hand, IS security or…
Abuse of official positions and sexual harassment are both types of misconduct and abusive conduct. Abuse of an official position is when an official uses his/her powers and privileges for personal gain or to harm others, instead of by the law. A public servant is said to commit the offence of criminal misconduct in the…