RESEARCH METHODOLOGY - Its Concept - Ishank Rastogi Introduction to Research Methodology A research methodology involves specific techniques that are adopted in research process to collect, assemble and evaluate data. It defines those tools that are used to gather relevant information in a specific research study. Surveys, questionnaires and interviews are the common tools of research. The organized questioning and exploration either by hypothesis formation or scientific testing of any inquisition or query by following a set of standard rules and procedures is defined as research methodology . Types of Research Methodologies Research methodology is applied on two important types of research process which involves basic research and applied research. Basic research includes the work or research that has not been done before. On the other hand, applied research involves the work that has already been done. Note: Research methodology is adopted to ch
Finance Function - Definition, Scope and Classification - Ishank Rastogi Definition of the Finance Function : There are three ways of defining the finance function. Firstly, the finance function can simply be taken as the task of providing funds needed by an enterprise on favourable terms, keeping in view the objectives of the firm. This means that the finance function is solely concerned with the acquisition (or procurement) of short- term and long-term funds. However, in recent years, the coverage of the term ‘finance function’ has been widened to include the instruments, institutions and practices through which funds are obtained. So, the finance function covers the legal and accounting relationship between a company and its source and uses of funds. For example, in financial management, we discuss the debt-equity ratio (determined by the government), as also various accounting and legal aspects of dividend policy. No doubt, the basic function of the finance man