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VRL is headquartered in Hubballi, Karnataka and has 931 branches, 40 hubs and transport yards across the country.The headquarters has an effluent treatment plant (capacity:175 thousand liters), a rainwater harvesting plant, a petrol bunk (allotted by Indian Oil Corporation), and a garage service complex, where VRL’s trucks pass through once in every two weeks.
Importance of Accounts Payable. Accounts payable represent short-term debt obligations. While terms can vary, accounts payable typically need to be paid for within 30 days.
Accounts payable personnel must watch for fraudulent invoices. In the absence of a purchase order system, the first line of defense is the approving manager. However, AP staff should become familiar with a few common problems, such as " Yellow Pages " ripoffs in which fraudulent operators offer to place an advertisement.
The CGMA Competency Framework was also launched in 2014. The framework shows the range of technical, accounting and finance skills that management accountants need to do their jobs and consists of four knowledge areas: Technical Skills, Business Skills, People Skills and Leadership Skills, all underpinned by Ethics, Integrity and Professionalism.
Liability accounts are used to recognize liabilities. A liability is a present obligation of an entity to transfer an economic benefit (CF E37). Common examples of liability accounts include accounts payable, deferred revenue, bank loans, bonds payable and lease obligations. Equity accounts are used to recognize ownership equity. The terms ...
DIFOT – Delivery in full on time, a variant of On Time In Full; Dir – Director; disc. – Discount; DMA – Direct market access; DOE – Depending on Experience; DPO – Days Payable Outstanding; DR – Depositary receipt; DSO – Days Sales Outstanding; DSP – Delivery service provider; DTP– Desktop Publishing; DVP – Delivery versus ...
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The Knowledge, Skills, and Abilities (KSA) framework, is a series of narrative statements that, along with résumés, determines who the best applicants are when several candidates qualify for a job. The knowledge, skills, and abilities (KSAs) necessary for the successful performance of a position are contained on each job vacancy announcement ...