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Objectives of Accounting and Accounting Concepts, Conventions, and Principles
Accounting is the backbone of any business, big or small. Itโs not just about numbersโit’s about understanding what those numbers mean and how they impact a companyโs future. To get …
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Henry Fayol
Management “To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control.” Planning, โThe plan of action is, at one and the same time the result envisaged, the line of action to be followed …
Harold Koontz & Cyril Oโ Donnell
Management “Management is the art of getting things done through and with people in formally organised groups.” Directing โDirection is the interpersonal aspect of managing by which subordinates are led to understand and contribute effectively and efficiently to the attainment …
Edward Francis Leopold Brech
Management “Management is concerned with seeing that the job gets done -its tasks put emphasis on planning and guiding the operations that are going on in the enterprise.” Controlling โControl, checking current performance against predetermined standard contained in the plans …
Stewart (1967)
Management โSomeone who get things done with the aid of other people.โ
Mary Parker Follett (1941)
Management โGetting things done by other people.โ Coordination “The first test of a business administration should be whether you have a business with all its parts so coordinated, so moving together in their closely knit and adjusting activities, so linking, …