Skip to main content

The general safety measures taken during civil engineering construction.

The following safety measures are taken during civil engineering construction. (i) Suitable scaffolds should be provided for workmen. (ii) When ladder are used, it should be provided with foot holds and hand holds and inclination of one is to four (1 horizontal : 4 vertical) be provided. (iii) The scaffolding should be properly supported and shall have a guard rail property attached to it. (iv) Every opening in floor of a building should be provided with suitable means to prevent the fall of persons or materials. (v) Fencing and lights shall be provided to protect the public from accident. (vi) The excavated material shall not be placed within 1.5m of the edge of the trench or half the depth whichever is more to avoid collapse of sides due to surcharge. (vii) No undermining or undercutting shall be allowed. (viii) All roads and open areas adjacent to any side where demolition is to be carried out, must be closed or suitably protected. (ix) No electrical cable etc. shall remain electric...
Post a Comment

Financial Statements - How they are used to give a financial picture of business.


The stakeholders of a firm viz, shareholders, creditors, suppliers, managers, employees, tax authorities and others, are interested in broadly knowing about how the firm is doing and what is its financial condition. Trade creditors and short term lenders are interested primarily in the short term liquidity of the firm and its ability to pay its dues in the next 12 months or so. Lending institutions and debentures holders have a relatively longer time horizon and are connected about the ability of the firm to service its debt over the next five to ten years.

To understand the financial performance and condition of a firm, its stockholders looks at three financial statements, viz.

(i) the balance sheet
(ii) The profit and loss account, and 
(iii) the sources and uses of fund statement.

The balance sheet shows the financial position of the firm at a given point of time. The profit and loss account reffered as income statement also reflects the financial performance of the firm over a period of time. It is drawn up for a period of one year.

The sources and uses of funds statement portrays the flow of funds through the business during a given accounting period.

 

Labels:

Comments

Post a Comment

Kindly let me know, if you want to know anything.

Popular posts from this blog

HOW TO DEVELOP A NEW PRODUCT.

STEPS TO SUCCESSFULLY DEVELOP A NEW PRODUCT: Various phases for successfully developing the product are: 1. PLANNING: It is also known as zero phase since it precedes the project approval and launch of the actual product development process. this phase begins with corporate strategy and includes assessment of technological developments and market objectives. the output of this phase is project mission statement, which specifies the target market for the product, business goals, key assumptions and constraints.  2. CONCEPT DEVELOPMENT: In this phase of concept, the needs of market are identified, alternative product concept are generated and evaluated and a single concept is selected for further development.  3. SYSTEM-LEVEL DESIGN: The system-level design phase includes the definition of the product architecture and the division of the product into sub-systems and components. The final assembly scheme for the production system is usually defined during this phase as well. The ...
3 comments
Read more

Four C's Model for Evaluate an Organization's Human Resource Management Program

Explain how the four C's Model can be used to evaluate an organization's human resource management program?   Four C's of Human resource management program given by Harvard Business School: 1. COMMITMENT: Every worker should be committed to his work sincerely in order to give best performance.  2. CONGRUANCE: The worker must work in harmony with his colleagues and management both achieve his targets. 3. COMPETENCE: For professional employees to develop competencies and inter-personal skills. Such as coaching, group process and problem solving are the important tasks for HRD programs. Competency in performing the job as needed to grow organizations in a global environment.   4. COST EFFECTIVENESS: The salary or any other benefits provided to employee by management depends upon his cost effectiveness to the otganisations. So employee must look for his cost effectiveness in an organisation.
2 comments
Read more

SWOT analysis and its importance in setting of objectives and planning of strategies in an organisation.

 SWOT Analysis: S stands for strength, W stands for weakness, O for opportunities, T stands for threats. It has been common to suggest that companies identify their strengths and weaknesses, as well as the opportunities and threats in the external environment. The SWOT analysis are based on the analysis of the external environment (threat and opportunities) and the internal environment (weakness and strengths). (i) The WT strategy aims to minimize both weakness or threats and may be called the minimum strategy. It may require that the company, for example, from a joint venture, retrench or even liquidate. (ii) The WO strategy attempts to minimise the weakness and maximize the opportunities. Thus, a firm with certain weakness, in some areas may either develop those areas within the enterprise or acquire the needed competencies from the outside, making it possible to take advantages of opportunities in the external environment. (iii) The ST strategy is based on the organisation's str...
Post a Comment
Read more