Com-Exultant : Finance and Research

  Asset Management   Asset management is investing clients’ money in the right assets to ensure optimum returns. Asset management companies (AMCs) make investment decisions on behalf of their clients. These companies usually serve huge organizations like insurance companies, pension funds, sovereign wealth funds, and High-Net-Worth Individuals. Asset Management follows these predetermined risks parameters and investment strategies. For these services, asset management companies charge enough in fees.   Asset Management System: An asset management system is a framework that facilitates the use of various business software, applications, and infrastructure to strategically plan and manage assets. The system focuses on optimum returns and balancing risks. In other words, it simplifies the tracking of corporate assets, their condition and facilitates better planning. An asset could be finance, property, plant, equipment, IT, or personnel. Ivanti, GoCodes, Asset Panda,...

  Activity Based Management   Activity Based Management (ABM) can be understood as the cost management implementation of activity-based costing. It is a  management  approach that concentrates on efficiently and effectively managing the activities so as to improve the quality of goods and services offered to the customers and also increase the profitability and competitiveness of the  organization . ABM uses Activity Based Costing as a tool for controlling costs at the activity level.  Activity-based costing is a system that stresses on the activities which are carried out for producing products .   Activity Based Management Model:     ·             Cost Driver Analysis : For the purpose of managing the activity costs, the factors that result in the activities to take place are to be identified. ·             Activity A...

  Tax Planning Tax Planning can be understood as the activity undertaken by the assessee to reduce the tax liability by making optimum use of all permissible allowances, deductions, concessions, exemptions, rebates, exclusions and so forth, available under the statute.   Put simply, it is an arrangement of an assessee’s business or financial dealings, in such a way that complete tax benefit can be availed by legitimate means, i.e. making use of all beneficial provisions and relaxations provided in the tax law, so that the incidence of the tax is minimum. This ensures savings of taxes along with conformity to the legal obligations and requirements. Therefore, it is permitted by law.   Objectives of Tax Planning     ·             Reduction of Tax Liability : An assessee can save the maximum amount of tax, by properly arranging his/her operations as per the requirements of the law, within the fr...