Difference between Due-Diligence and Audit with its comparison

By // No comments:
In this article we will discuss about Difference between Due-Diligence and Audit with its comparison.




Auditing



Auditing is a process in which there is systemic and scientific examination of company accounts by a well qualified person. The word audit derived from Latin word" Au-dire” which means" to hear". Auditor can examine the books of accounts to ensure that accounts of the company are properly maintained or not. True and fair accounts of the company show their financial position and deducting errors.





Following are the objectives of Auditing.

According to the section 143 of company’s act 2013, the Primary Objective of auditing is to report the owners whether the financial statement provides true and fair view of financial matters of the company.

The Secondary Objective is to Detection and prevention of frauds and detection and prevention of errors.

Due-Diligence





Due-Diligence refers to a process in which all the books are verified before the contract between two parties. In this contract both the parties are agreed after the examination of accounts, facts and it happens before the legal sign by the both parties.



Generally the term Due-Diligence is used in reference to business transactions (mostly mergers and acquisitions, joint venture, project finance, securitization, etc.).

Due diligence is the careful, thorough evaluation of a potential investment, whether on a corporate or individual level.

Due diligence is the process of systematically researching and verifying the accuracy of a statement.

The main aim of due diligence process is to identify business problems and it is mainly beneficial to seller buyer and shareholders.

Difference between Due-Diligence and Audit with its comparison





BasisDue-DiligenceAudit


Meaning


Due-Diligence refers to a process in which all the books are verified before the contract between two parties.


Auditing is a process in which there is systemic and scientific examination of company accounts by a well qualified person.


Scope


Less scope then auditing


Wider scope


Purpose


The purpose of due-diligence is to deduction of errors.


The purpose of due-diligence is to examination of company accounts.


Mandatory


It may be or not


It is mandatory


Type


It required for future decision


It is analysis in nature


Representative


It represent occasional  events


It representing recurring  events


Assurance


It provides negative assurance


It provides positive assurance

We have studied Difference between Due-Diligence and Audit with its comparison. if you have any query, Please comment.

Auditing, comparison of due-diligence and audit, concept of due diligence and auditing, Difference between Due-Diligence and Audit with its comparison, difference between due-diligence and auditing notes for free download in hindi, notes of comparison of due diligence and auditing,

Difference between NBFC ( NON-Banking Financial Company) and Bank withits comparison chart

By // No comments:
In this article we will discuss about Difference between NBFC ( NON-Banking Financial Company and Bank with its comparison chart.




NBFC (Non-Banking Financial Company)


NBFC are the financial companies which provides financial service to its customers without holding licence of bank. and these are registered under companies act 1956. It engaged in the business of loans and advances, acquisition of shares, stock, bonds hire-purchase, insurance business or chit business but does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction of immovable property.

Banks


Banks are the financial institution which provides financial service to its customer and controlled by RBI. Banks are incorporated under Banking Regulation Act, 1949 and controlled by RBI.

The main function of banks is to accepting deposits from public and creating credits. it also provides loan facilities to household, firms, etc.Bank are those institutions which operate in money and also create credit.Bank provides safety, liquidity and profitability to its customers.

Difference between NBFC (Non-Banking Financial Company)





BASIS



NBFC



Banks


MeaningNBFC are Non-Banking Financial Company is the financial institution which provides financial service without holding account.Banks are the financial institution which provides financial service to its customer and controlled by RBI

Incorporated under NBFC are incorporated under companies Act 1956.Banks are incorporated under Banking Regulation Act, 1949

Controlled ByVarious measures in NBFC are controlled by RBI

Banks are Fully controlled by RBI
Cash Reserve RationNBFC doesn’t have to maintain CRR.Banks have to maintain CRR to RBI

Statutory Liquidity RatioDoesn’t maintain SLRIt’s compulsory to maintain.

Credit CreationDoesn’t create creditBanks creates credit

Deposit Insurance FacilityNot AvailableAvailable

So we have studied Difference between NBFC ( NON-Banking Financial Company and Bank with its comparison chart and if you have any query please let us know in the comments section below.




bank vs nbfc, banking and non banking, banks vs nbfc, Comparison of NBFC and Banks, Concept of banks, concept of NPFC with its difference with banks, define nbfc, diff between nbfc and bank, difference between bank and banking, difference between bank and financial institution, difference between bank and nbfc, difference between banking and finance, difference between banking and non banking, difference between banking and non banking financial institutions, difference between banks and financial institutions, difference between banks and nbfc, Difference between NBFC ( NON-Banking Financial Company and Bank with its comparison chart, difference between nbfc and bank,   cexample of nbfc, examples of nbfc in india. examples of non banking financial companies, full form of nbfc, full form of nbfc in banking, images of banking, meaning of nbfc, nbfc activities,nbfc and bank, nbfc and bank difference, nbfc banknbfc examples, nbfc full form in financial sector, nbfc meaning, nbfc mrunal, nbfc vs banknbfc vs banks, nbfcs full form, nbfcs meaning, payment bank mrunal, small bank and payment bank, what is nbfcs ,what is non banking financial company
 

Concept of PERSONAL SELLING: Meaning, Definition, Features and itsImportance to- business, Customer, Society

By // No comments:
In this article we will discuss about Concept of PERSONAL SELLING: Meaning, Definition, Features and its Importance to- business, Customer, Society.




PERSONAL SELLING


Personal selling is a process of selling in which the product is selling by individual and provide product facility by a person with face to face interaction with its customer with the purpose of sale. In this process the seller tried to convince its customer to buy the product which they offer.

Features of Personal Selling

  1. Personal interaction: In the process of personal selling there is a personal interaction between seller and buyer.

  2. Two way communication: In personal selling there are two way of communication one is seller who sale their product another is buyer who buy product. The seller give information to buyer about their product and buyer clarify doubts.

  3. Development of relationship: When the buyer and seller interact with each other it improves their relation.

Advantages/Merits of Personal Selling

  1. Personal selling is a Flexible in nature.

  2. It involves Face to Face interaction between buyer and seller.

  3. It involves Minimum wastage of product.

  4. Seller gets Direct feedback from customer.

Disadvantages/ Demerits of Personal selling

  1. Time consuming: Personal selling is a time consuming process because it takes time interact with person.

  2. More efforts: In personal selling more efforts are involved because selling have to explain about their product to its customer.



Role of Personal selling

  1. To Business


  • Personal selling is a promotional tool for the business because it promotes business by increasing sales.

  • It is also helpful for business to identify the customer need and their interest.


  1. To customer


  • Personal selling helps to identify needs and wants of the customer.

  • It provides latest market information to customer which helps in promotion of sales.

  • It induces the customer to new product to satisfy their needs.


  1. To Society


  • It provides opportunity to unemployed people

  • Personal selling ensures uniformity in consumption by selling standardized products.

So we will discuss Concept of PERSONAL SELLING: Meaning, Definition, Features and its Importance to- business, Customer, Society.For any query comment below.




Concept of PERSONAL SELLING: Meaning Definition Features and its Importance to- business Customer Society, Concept of personal selling: Meaning Features Advantages Disavantages and its importance, Concept of personal selling: Meaning Features Advantages Disavantages and its importance notes for 12th class students for free download, Importance of Personal Selling to its Customer Businessman and society, Management, Marketing, Meaning of personal selling with its importance, Notes of personal selling in hindi, PERSONAL SELLINg, Slide share on Personal selling, 

Concept of Sales Promotion: Meaning, Definition, Advantages/Merits,Disadvantages/Demerits and Techniques used for sales promotion

By // No comments:
In this article we will discuss about Concept of Sales Promotion: Meaning, Definition, Advantages/Merits, Disadvantages/Demerits and Techniques used for sales promotion.




Sales promotion


Sales promotion is a term use in marketing for short term, in which some incentives or activities are used promote customer to buy the product. It is used for instant effect on sale and it mobilizes sales. Sales promotion tools are very useful because

  • Instant effect on sales

  • Clearing stock

Advantages/Merits of Sales Promotion



  1. Attention value: The incentives used in sales promotion directly attract the interest of the customer.

  2. Increase publicity: Sales promotion is also helpful to increase the publicity of the product.

  3. Useful in New launched product: Sales promotion is a very useful in introducing new product to people and induces people to buy that new product.

Disadvantages/Demerits of Sales Promotion



  1. Miscommunication

  2. Time consuming


Sales Promotion Techniques for customers




  1. Rebate: It refers to a price /which is less that actual price. The product is selling of rebate which attracts customers. This offer is given to customer for clear of the stock.

  2. Discount: Discount involves that price which is less than the list price in a limited period of time. Discount induces customers to buy or buy more.

  3. Refund: Refund refers to that amount which is paid back to the customer after making payment.

  4. Premium or Gifts: In sales promotion Premium or gifts is the most commonly tools used in promotion. It means giving gifts on purchase of product.

  5. Samples: Sample is another technique used in sales promotion. In this technique sample of product is distributed among customers.

  6. Lucky draws: In this draws are taken out by including the bill number or customers name who have purchased goods and get free car or another incentive.

So we will discuss Concept of Sales Promotion: Meaning, Definition, Advantages/Merits, Disadvantages/Demerits and Techniques used for sales promotion. For any query comment below.

  Concept of Sales Promotion: Meaning Definition Advantages/Merits Disadvantages/Demerits and Techniques used for sales promotion in slideshare, Management, Marketing, Meaning, Meaning of sales promotion, Most commonly used technique in Sales Promotion, SALES PROMOTION,

Concept of Sales: Meaning, Definitions, Process and Good qualities of Salesman.

By // No comments:
In this article we will discuss about Concept of Sales: Meaning, Definitions, Process and Good qualities of Salesman.




Meaning


Concept of Sales: Meaning, Definitions, Process and Good qualities of Salesman.

Sale is a small activity of marketing in which goods and services are sold in a given period of time. It is a process in which two parties are involved one the buyer who buys goods and services for their use it may be tangible or intangible by exchanging of money. In sales the main focus of the seller on need of seller and its main objective is to maximize the profit and sale. The process of sales started after the production of goods and ends with the product sale.

Goods qualities of Salesman


There are different qualities which we found in salesman are:

  1. Good Personality: Salesman must have healthy and good personality. A good communication skill which boosts the personality of the salesman.

  2. Good communication skills: A salesman has well in communication free to talk which everyone and self motivated person.

  3. Pleasant voice: The quality and tone of salesman voice also influence another person.

  4. Complete knowledge about product, company: Salesman has complete knowledge about his and he also has knowledge regarding product and company as well.

  5. Cheerful person: He should have a smiling face. It is rightly said that ‘a man without a smiling face must not open a shop. In order to impress upon the customers he should always be cheerful and sweet tempered. He should be properly dressed as the dress greatly enhances the personality.

  6. Initiative: Initiative is an ability of salesman to do his job/work without the guidance of anybody. It is a good quality for dealing with customer and encourages them.

  7. Self-confidence: The salesman have self-confidence while speaking in front of someone else and good in communication which attract the customer.

  8. Problem solving: The desire to solve a problem helps you create new ways to satisfy the customer's needs, both financial  and emotional–such as the customer's need to be convinced that you and your firm are reputable and reliable

Process of Sales


 We have studied Concept of Sales: Meaning, Definitions, Process and Good qualities of Salesman. If you have any query please comment.



  Concept of Sales: Meaning Definitions Process and Good qualities of Salesman in slideshare, Concept of Sales: Meaning Definitions Process and Good qualities of Salesman notes for 12th and b.com students for free download, Concept of Sales: Meaning Definitions Process and Good qualities of Salesman., Management, Marketing, Process of sales, Qualities of good salesman,


Concept of Advertising: Meaning, Features, Importance,Advantages/Merits or Disadvantages/Demerits.

By // No comments:
In this article we will discuss about Concept of Advertising: Meaning, Features, Importance, Advantages/Merits or Disadvantages/Demerits.




ADVERTISING  

Advertising is a small part of marketing in which the product is promoted or sells by audio or visual form of marketing communication. It can be defined as the “Non-personal presentation and promotion of goods, services and ideas by a specified sponsor in paid form”. It may be on paper, TV or online.

Features of Advertising


  1. Paid form: The specified sponsor has to pay for advertisement of goods, services and ideas.

  2. Impersonal: Advertising provides direct line of communication but there is no face to face communication between customers and advertise.

  3. Specified sponsor: Different advertiser is identified for different company or firm.

Advantages/Merits of Advertising


  1. Better quality product: Advertising helps company or firm to advertise their product to its customer with its better quality.

  2. Provides information: Advertisement helps company to provide product information to its customer.

  3. Increases sales: Advertising increases the sales of the product which helps company to increases its sales and achievement of company goal.

  4. Enhance goodwill: Advertising also increase the goodwill of the product as well as company which manufacturing the product.

  5. Educate customer: Advertising is educational and dynamic in nature. It familiarizes the customers with the new products and their diverse uses and also educates them about the new uses of existing products.



Disadvantages/Demerits of Advertising



  1. Impersonal communication: Advertising is a source of communication in which there is no direct communication between customer and adviser. So it provides lack of face to face communication.

  2. Difficult in media choice: In advertising there is a wider range of product available but it is difficult for customer to choice whether which product is good or not.

  3. Inflexible: Advertising is inflexible in nature because it can’t be change according to the need of the customer.

  4. Lack of feedback: There is lack of feedback on advertising because now days it is common so customer couldn’t pay interest.


We have studied Concept of Advertising: Meaning, Features, Importance,Advantages/Merits or Disadvantages/Demerits.if you have any query please comment.




advantages of advertisement, advantages of advertising, advertisement advantages and disadvantages, advertisement definition in marketing, ADVERTISING advertising definition by philip kotler, advertising meaning, advertising objectives, aims and objectives of advertisement, benefits of advertising, characteristics of advertising, Concept of Advertising: Meaning Features Importance Advantages/Merits or Disadvantages/Demerits, Concept of Advertising: Meaning Features Importance Advantages/Merits or Disadvantages/Demerits notes in hindi for 12th class student, definition of advertising, definition of advertising by different authors, definition of advertising by kotler, definitions of advertising, features of advertisement, features of advertising, How advertising helps in marketing, importance of advertising, Importance of advertising in marketing, limitations of advertising, meaning and definition of advertising, Meaning of advertising Features Merits and Demerits in slideshare, Meaning of advertising with its importance, merits and demerits of advertisement, Notes of advertising in hindi for free download, objective of advertising, objectives of advertisement, objectives of advertising, types of advertisement, what do you mean by advertising, what is meant by advertisement, what is meant by advertising