The article shows the topics which comes under Unit 10 of Management & Accounts in Tourism UGC NET/JRF syllabus.
NTA UGC NET
The University Grants Commission (UGC) has given the National Testing Agency (NTA) the responsibility of administering the UGC-NET test, which is intended to ascertain an Indian national’s eligibility for the positions of “Assistant Professor” and “Junior Research Fellowship and Assistant Professor” in Indian universities and colleges.
Beginning in December 2018, the National Testing Agency (NTA) will administer the UGC-NET using computer-based testing (CBT). Junior Research Fellowship (JRF) awards and/or assistant professorship eligibility are contingent on the candidate’s overall performance in UGC-NET Papers I and II. Candidates who merely meet the requirements for an assistant professorship are not eligible to be considered for a JRF.
In the last unit-10, the topics covered have to gone through deep analysis. The topics are with the important points as per in NTA Syllabus of Paper II in Tourism Administration and Management is covered. Kindly go through each link and have a full read and understand them.
HAPPY STUDYING!!! Unit 10- Management & Accounts in Tourism UGC NET/JRF
The development of management theory has a lengthy past. Over the years, management has been seen as a crucial aspect of human economic existence. It is believed that management theory is an evolving field of study. It has evolved with it, keeping pace with scientific, social, cultural, and institutional developments. The history of management theory dates back thousands of years. It is created in tandem with other socioeconomic advancements. Scholars, practitioners, and management philosophers have all contributed to management theory. The solid foundation established by management theorists from earlier events serves as the basis for modern management.
In the corporate sector, there are several management ideas that are in circulation. There are new and ancient ones. However, almost all of them are predicated on one of the 11 management ideas in this list, in one way or another.
In each company, there are two ways to operate: centralization and decentralization. A formal authority structure governs all significant organizational decision-making under centralization. Additionally, decision-making at the lowest levels of an organization occurs with decentralization. Let’s examine the advantages of both centralization and decentralization in depth, along with some other considerations.
A company’s ledgers, journal entries, and source documents are its accounting records. The accounting transactions of a corporation are listed in these records. You utilize accounting records to create financial statements. For a few years, keep them on file in case someone wants to review them.
Maintaining accounting records also helps to guarantee that your financial statements are accurate. Records of assets and liabilities are two typical categories of accounting records. Checks, invoices, and other financial activities are also included. And lastly, there’s any other kind of money exchange.
A budget is a financial plan that shows projected earnings and outlays for a given time frame.
In a business setting, a budget can serve as a road map for allocating resources in a way that will most effectively meet goals and objectives of the firm. It also involves limiting debt, establishing expenditure caps, and making predictions about future funding requirements. The sources of income and costs are clearly shown in a well-structured budget, making it easier to keep track of spending and preserve financial stability. It also helps find areas where expenses may be reduced and saved for future investments.
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Regularly check the budget to make sure it still makes sense in light of the shifting market conditions. Therefore, the budget aids in the control of an individual’s or business’s overall financial health and helps them make educated financial decisions.
