Long-term financing refers to funding from within the organization and not from any outside sources. Hence, long-term financing is confined to the organization itself. The common sources of long-term financing include provision of retained earnings; depreciation; general reserves; equity share; debentures, bond, notes and term loans. Sources of Long Term Financing Retained Earnings: Retained earnings …

For accounting and tax purposes, a firm can select a method of depreciation based on a number of factors, including the expected rate of physical depreciation of its asset and the effect on reported income. However, businesses are limited by law with regard to both the depreciation method and the period of time over which …

There are some distinct differences between project management and operations management. These differences are presented below Project management is a temporary activities or a process, whereas operations management is a ongoing activities or process. Project management is unique task in nature, on the other hand operations management is repetitive task in nature. Project management’s purpose …

Credit unions are non-profit organizations composed of members with a common bond, such as an affiliation with a particular labour union, church, university, or even residential area. A qualified person can typically become a member of a credit union by depositing a nominal amount into an account. Credit unions serves as intermediaries for their members. They accept deposits from …

Maximization of profit is not as a goal as maximization of shareholders wealth, profit maximization has some limitations over wealth maximization. These limitations are as follows: Profit is absolute terms is not a proper guide to decision making. It should be expressed on a per share basis or related to investment It leaves considerations of …