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  OPERATIONS MANAGEMENT  Course Credit: 3   Course Objectives:-  1. To understand the role of Operations in the overall Business Strategy of the firm. 2. To understand the application of operations management policies and techniques to the service sector as well as manufacturing firms. 3. To identify and evaluate the key factors and their interdependence of these factors in the design of effective operating systems. 4. To understand the trends and challenges of Operations Management in the current business environment. 5. To familiarize the students with the techniques for effective utilization of operational resources and managing the processes to produce good quality products and services at competitive prices.  UNIT –I (7 sessions) Production Concepts:   Click Here   Introduction, meaning, nature, and scope of production and operations management. Difference between production and operations management. Productivity, factors affecting productivity, and productivity measurement. Work

Click Here for  MCQs Practice Based on Specialised Accounting Accounting for Non-Trading Organisations INTRODUCTION Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet are typically prepared by non-profit organisations such public hospitals, public educational institutions, clubs, etc. to indicate periodic performance and financial position at the conclusion of the accounting period. In this unit, we'll talk about how to create a balance sheet, income and expense account, and receipts and payments account for nonprofit or non-trading organisations. Additionally, we'll go through and show how to create an income and expense account from a receipts and payments account. It should be noted that the profit and loss account created for profit-making organisations is very similar to the income and expense account. The excess of expenditure over income in an income and expense account is seen as a surplus.Total cash payments and receipts are highlighted in

  Risk               Risk is basically the possibility of something bad happening. In business and finance, the risk is the chance that an investment’s actual outcome will differ from the expected outcome. Risks can include the possibility of losing all or some of the original investment in a business. However, risk can be calculated to some extent using historical data and market factors. It’s also important to note that the higher the risk an investor is willing to take, the greater the protentional return. No investment is free of risks, but there are some investments that have lower practical risks than others. There are two main types of financial risk; they are systematic risks and unsystematic risks.  Systematic risk  can affect the entire economic market or a larger part of the market. This involves interest rate risk,  inflation  risk, sociopolitical risk, and currency risk.  Unsystematic risks , on the other hand, are a type of risk that only affects a specific company o