This article throws light upon the top six traditional techniques of control exercised in an organisation. The traditional techniques are: 1. Personal Observation 2. Budgetary Control 3. Break-Even Analysis 4. Financial Statements 5. Statistical Data and Reports 6. Quality Control. Traditional Technique # 1. Personal Observation: This is the simplest way to control organisational activities where managers take rounds at [...]
This article throws light upon the top five applications of time value techniques. The applications are: 1. Sinking Fund Problems 2. Capital Recovery Problems 3. Compound Growth Rate Problems 4. Interest Rate Problems 5. Valuation Problems. Time Value Techniques: Application # 1. Sinking Fund Problems: A financial manager may have to determine the amount of annual payments so as to [...]
This article throws light upon the top two techniques used for adjusting time value of money. The techniques are: 1. Compounding Technique 2. Present Value Techniques. Adjusting Time Value of Money: Technique # 1. Compounding Technique: The time preference for money encourages a person to receive the money at present instead of waiting for future. But he may like to [...]