Monthly Archives: December 2017

Various branches of Accounting

Financial Accounting It is commonly termed as Accounting. The American Institute of Certified Public Accountants defines Accounting as "an art of recoding, classifying and summarizing in a significant manner and in terms of money, transactions and events which are in part at least of a financial character, and interpreting the results thereof." Cost Accounting According to the Chartered Institute of …

Who use Accounting Information?

Accounting books gives us vital information about the company and in this post you will learn who make use of what information from a accounting book. The users are categorized in two types External and Internal. External users include Investors, Creditors, Customers, Suppliers, Employees, and Government organizations. Whereas Internal users includes Management and Managers of operations. Investor An Investor provide …

Types of Data Analysis

Analysis involves estimating the values of unknown parameters of the population and testing hypothesis for drawing inferences. Types of Analysis a. Qualitative analysis b. Content analysis c. Quantitative analysis d. Descriptive analysis e. Bivariate analysis f. Sequential analysis g. Casual analysis h. Multivariate analysis i. Inferential analysis j. Statistical analysis Qualitative Analysis It is less influenced by theoretical assumption. The …

Observation – Methods Of Primary Data Collection

Observation is one way to collect primary data. It is a purposeful, systematic and selective way of watching and listening to an interaction or phenomenon as it takes place. There are many situations in which observation is the most appropriate method of data collection; for example, when you want to learn about the interaction in a group, study the dietary …

Schedules Sent Through Enumerators – Methods of Primary Data Collection

Another method of data collection is sending schedules through the enumerators or interviewers. The enumerators contact the informants, get replies to the questions contained in a schedule and fill them in their own handwriting in the questionnaire form. There is difference between questionnaire and schedule. Questionnaire refers to a device for securing answers to questions by using a form which …

Mailed Questionnaire Method – Methods of Primary Data Collection

Under this method, a list of questions pertaining to the survey which is known as ‘Questionnaire’ is prepared and sent to the various informants by post. Sometimes the researcher himself too contacts the respondents and gets the responses related to various questions in the questionnaire. The questionnaire contains questions and provides space for answers. A request is made to the …