What is Competency Mapping?

Competency Mapping is a process which helps to identify strengths and weaknesses of an individual with the aim to enable the person to understand oneself to the point where career development efforts are directed. Competencies are usually attained from some particular jobs in an organization. Few such job categories include strategic profiles, relationship management roles, […]

What is ‘Accrual Accounting’?

Accrual Accounting is a technique of accounting in which transactions viz. revenue and expenses are recorded as and when they are incurred irrespective of when the cash is exchanged. This is highly significant in the assessment of the health of any organisation. This is useful in businesses where many credit transactions or even goods and […]