Com-Exultant : Finance and Research

  Bill of Lading Definition : Bill of Lading is an important document, required to ship goods from one point to another. The carrier generates and issues a bill of lading to the shipper of the goods, acknowledging the receipt of goods for shipment in acceptable condition. In simple words, the bill of lading is written evidence of a contract between shipper and carrier for the carriage and delivery of sea-consignment, for a definite freight. What is contained in Bill of Lading? The bill of lading consists of the following details: ·    Details of the carrier, shipper and consignee. ·    Place of loading ·    Shipping Destination ·    Mode of Transportation ·    Details of goods, in terms of type, quantity, measurement (weight, dimension, pieces), units, etc. ·    Terms of shipment Carrier is the transportation company, which provides transportation services. It may include freight forwarders, third-p...

  ASM in Audit   ASM stands for  Agency for Specialized Monitoring . ASM is an external agency which is introduced to monitor large credit exposure advanced by Bank/consortium of banks. As indicated by the RBI, frauds had arisen as the most genuine concern in the administration of functional risk, with 90% of them situated in the credit portfolio of banks. Due to ever increasing frauds and the amount of non-Performing assets increasing drastically in every bank in India, RBI took the stand and introduced new reform, i.e., Agencies for Specialized Monitoring (ASM). Indian Bank’s Association (IBA) has impanelled 83 agencies to monitor stressed loan accounts and regulate the cash flows of banks.   Purpose of ASM: With the effect of reporting under ASM, we come to know the problem in advance like inventory build-up, delay in receivables and diversion of funds. All the transactions will be under a strict vigilance. As employees of the banking industry don’t ha...

  7 C’s of Communication Definition:  An  Effective Communication  is a communication between two or more persons wherein the intended message is successfully delivered, received and understood . The  7 C’s of Communication  is a checklist that helps to improve the professional communication skills and increases the chance that the message will be understood in exactly the same way as it was intended. To have effective communication, one should keep the following 7 C’s of communication in mind: 1.          Clear:  The message should be clear and easily understandable to the recipient. The purpose of the communication should be clear to sender then only the receiver will be sure about it. The message should emphasize on a single goal at a time and shall not cover several ideas in a single sentence. 2.          Corre...

  Pinterest Marketing Pinterest is a social media platform in which users explore, share, and store visual content they find inspiring, helpful, or entertaining. Users add, or Pin, their chosen content to boards with a common theme to keep it organized so other users can discover new content related to their interests. If you haven't yet opened a Pinterest account, learn more about that process here. Once you sign up, you can begin sharing content and, therefore, social media marketing on the platform. To make the most of the platform, upload your business’s content from your computer or mobile device, Pin content you find on the platform, and add content you find on the web using the Pinterest browser button. Engagement is key. Follow the boards of your friends and competitors, "Like," and comment on others’ Pins, re-Pin (or repost) content, and share links to your website and blog in your Pins. It’s important to note there are personal and business accounts on Pin...