Year: 2020

Bangalore University B.com Notes

Corporate Accounting

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Unit 1 Underwriting of Shares {Book}
Underwriting of Shares Meaning VIEW
Underwriting Commission VIEW
Underwriter functions VIEW
Advantages of Underwriting VIEW
Types of Underwriting VIEW
Marked and Unmarked Applications VIEW
Underwriting Process VIEW

 

Unit 2 Redemption of Debentures {Book}
Meaning of Debentures, Types of Debentures VIEW
Distinction between Shares and Debentures VIEW
Issue of Debentures, Over Subscription VIEW
Issue of Debentures for Consideration other than Cash VIEW
Issue of Debentures as a Collateral Security VIEW
Terms of Issue of Debentures VIEW
Interest on Debentures VIEW
Writing off Discount/Loss on Issue of Debentures VIEW
Redemption of Debentures VIEW
Redemption by Payment in Lump Sum, Open Market, Conversion VIEW
Sinking Fund Method VIEW

 

Unit 3 Valuation of Goodwill {Book}
Meaning, Circumstances, Factors of Valuation of Goodwill VIEW
Methods of Valuation of Goodwill:
Average Profit Method of Valuation of Goodwill VIEW
Super Profit Method of Valuation of Goodwill VIEW
Capitalization of Super Profit average Profit Method of Valuation of Goodwill VIEW
Annuity Method of Valuation of Goodwill VIEW
Capitalization of Profit Method VIEW

 

Unit 4 Valuation of Shares {Book}
Meaning, Need for Valuation of Shares VIEW
Factors Affecting Valuation of Shares VIEW
Methods of Valuation:
Intrinsic Value Method of Shares VIEW
Yield Method of Shares VIEW
Earning Capacity Method of Shares VIEW
Fair Value of shares VIEW
Rights Issue VIEW
Valuation of Rights Issue VIEW

 

Unit 5 Company Final Accounts {Book}
Statutory Provisions regarding preparation of Company Final Accounts VIEW
Treatment of Special Items VIEW
Tax deducted at source VIEW
Advance payment of Tax VIEW
Provision for Tax VIEW
Depreciation VIEW
Interest on debentures VIEW
Dividends VIEW
Rules regarding payment of dividends VIEW
Transfer to Reserves VIEW
Preparation of Profit and Loss Account and Balance Sheet in vertical form VIEW

 

Bangalore University B.com Notes

Quantitative Analysis for Business Decision

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Unit 1 Introduction to Statistics {Book}
Statistics: Meaning and Definition, Functions, Scope, Limitations VIEW
Important terminologies in Statistics: Data, Raw Data, Primary Data, Secondary Data, Population, Census, Survey, Sample Survey, Sampling, Parameter, Unit, Variable, Attribute, Frequency VIEW
Seriation: Individual, discrete and continuous VIEW
Classification of Data VIEW
Perquisites of Good Classification of Data VIEW
Types of Classification Quantitative and Qualitative Classification of Data VIEW

 

Unit 2 Classification and Tabulation of Data {Book}
Types of Presentation of Data Textual Presentation, VIEW
Tabular Presentation VIEW
One-way Table, Two-way Table VIEW
Important terminologies Variable, Quantitative Variable, Qualitative Variable, Discrete Variable, Continuous Variable, Dependent Variable, Independent Variable, Frequency, Class Interval, Tally Bar VIEW
Diagrammatic and Graphical Presentation, Rules for Construction of Diagrams and Graphs VIEW
Types of Diagrams One Dimensional-Simple Bar Diagram, Sub-divided Bar Diagram, Multiple Bar Diagram, Percentage Bar Diagram VIEW
Two Dimensional Diagram Pie Chart VIEW
Graphs Histogram VIEW
Frequency Polygon VIEW
Ogives curve VIEW

 

Unit 3 Measures of Central Tendency {Book}
Meaning and Definition VIEW
Types of Averages:
Arithmetic Mean (Simple and Weighted) VIEW
Median VIEW
Mode VIEW
Graphical representation of median and mode, Ogive curve VIEW
Smoothed frequency curve VIEW

 

Unit 4 Measures of Dispersion and Skewness {Book}
Meaning and Objectives of Measures of Dispersion VIEW
Requisites of Good Measure of Dispersion VIEW
Types of Measures of Dispersion VIEW
Range VIEW
Quartile Deviation VIEW
Mean Deviation & Co-efficient of Variation VIEW
Standard Deviation & Co-efficient of Variation VIEW
Skewness: Meaning, Uses, Co-efficient of Skewness VIEW
Karl Pearson’s VIEW
Bowley’s Coefficient of Skewness VIEW

 

Unit 5 Correlation, Regression & Time Series Analysis {Book}
Meaning and Types of Correlation VIEW VIEW VIEW
Karl Pearson’s Coefficient of Correlation VIEW
Spearman’s Rank Correlation Coefficient VIEW
Correlation Coefficient through Regression Coefficient VIEW
Meaning of Regression VIEW VIEW
Regression Lines, Regression Coefficients, Regression Equations VIEW
Meaning and Components of Time Series VIEW VIEW
Analysis of time series by Moving Average VIEW
Analysis of time series by Least Squares Method VIEW

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Bangalore University B.com Notes

Human Capital Management

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Unit 1 Human Resource Management
Human Resources Management Meaning, Definitions, Characteristics VIEW
Human Resources Management Objectives, Importance VIEW
Human Resources Management Functions VIEW
Human Resources Management Scope VIEW
Human Resources Management Process VIEW
Human Resources Management Challenges VIEW
Human Resources Management Recent Trends VIEW
Human Resources Manager Duties and Responsibilities VIEW
Paradigms for Post Modern Managers: Meaning, Definitions, Characteristics, Objectives, Importance, Functions VIEW
Process of Human Resources Development VIEW
Differences between personnel Management and Human Resources Development VIEW
Difference HRM and SHRM VIEW
Difference between HRM and IHRM VIEW
Unit 2 Human Resource Planning, Recruitment & Selection
Human Resource Planning Meaning, Importance, Benefits VIEW
Human Resource Planning Scope VIEW
Job Analysis VIEW VIEW
Job Design VIEW VIEW
Job Description VIEW
Job enrichment VIEW
Job Evaluation VIEW
Recruitment Meaning, Definitions and VIEW VIEW
Sources of Recruitment VIEW
Traditional and Modern sources of recruitment VIEW
E-recruitment, Twitter, Blog, Instagram, LinkedIn, walk in, talk in, write in, Artificial intelligence (Robots based) virtual discussion VIEW
Selection Meaning, Definitions VIEW
Process of Selection VIEW
Identification of five dark qualities in an individual before selection process of selection and Placement VIEW
Unit 3 Human Resource Practices
Induction Meaning, Definitions, Objectives and Purposes VIEW
Orientation Meaning, Definitions, Objectives and Purposes VIEW
Training Meaning, Need, Benefits and Methods VIEW VIEW
Pros and Cons of each Method of HR Training VIEW
Identification of Training & Development Needs VIEW VIEW
Human Resources Development of Managers and Employees VIEW
Performance Management System (PMS) Meaning, Definitions, Objectives VIEW
Methods of Appraising the past performance and current performance of the employee and executive VIEW VIEW
Projecting future performance of an employee VIEW
Individual employee Development VIEW VIEW
Performance appraisal and Performance Management System (PA vs PMS) VIEW
Unit 4 Compensation and Reward System
Compensation Meaning, Definitions, Objectives and Importance VIEW VIEW
Wages and Salary Perquisites VIEW
Fringe Benefits VIEW
Bonus and Incentives VIEW VIEW
Incentives in sun rise sector and sun set sector VIEW
Incentives in sun set sector VIEW
Performance based pay, VIEW
Merit-based pay, skill-based pay, and competency-based pay VIEW
Dual system of payment for the same job position VIEW
Promotion: Meaning, Definitions, Features VIEW
Methods of Promotion, Seniority vs Meritocracy VIEW
Unit 5 Employee Coaching, Counselling and Industrial Relations
Employee Coaching: Meaning, Definitions, Objectives, Types VIEW
Employee Counselling: Meaning Definitions, Objectives, Skills and Techniques VIEW
Industrial Relation: Meaning, definition VIEW
Actors in Industrial Relation VIEW

 

Bangalore University B.com Notes

Marketing & Event Management

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Unit 1 Marketing Management and Environment {Book}
Marketing Management: Meaning, Definitions VIEW VIEW
Features of Market VIEW
Features of Marketer VIEW
Marketing Concepts: Selling Concept, Marketing Concept and Societal Marketing Concept VIEW
Marketing versus Selling VIEW
E-marketing VIEW
Digital or Internet marketing VIEW
Marketing Environment VIEW
Micro Environment: Suppliers, Competitors, Intermediaries, Customers and Public VIEW VIEW
Macro Environment Demographic, Economic, Natural, Technological, Political and Cultural Factors VIEW

 

Unit 2 {Book}
Marketing mix: Meaning, components VIEW
**Product VIEW
**Product Mix VIEW
**Product Line VIEW
**Product lifecycle VIEW
**Product Planning VIEW
**New Product Development VIEW
4ps for goods marketing VIEW
7ps for services marketing VIEW
Distinction between goods marketing and service marketing VIEW
MIS VIEW VIEW VIEW
Marketing research VIEW VIEW VIEW
Marketing intelligence VIEW
Market Segmentation Definition, Objectives, Advantages, Limitations VIEW
Bases of Market Segmentation VIEW

 

Unit 3 Consumer Behaviour {Book}
Meaning, Definitions, Features and Importance of Consumer Behaviour VIEW VIEW
Customer versus Consumer VIEW
Buyer versus User VIEW
Buyer versus Decision Maker VIEW
Factors influencing Consumer Behaviour Cultural, Social, Personal and Psychological Factors VIEW
Consumers Buying Roles Initiator, Influencer, Decider, Buyer and User VIEW
Buying Behaviour: Complex Buying Behaviour, Dissonance Reducing Buying Behaviour, Habitual Buying Behaviour, Variety Seeking Buying Behaviour VIEW
Steps in Buying Process Need Recognition, Information Search, Evaluation of Alternatives, Purchase Decision and Post Purchase Behaviour VIEW

 

Unit 4 Event management {Book}
Event: Meaning, Definition, Characteristics, Types, Advantages VIEW
5C’s of event VIEW
Types of Customers for Events VIEW
Event management Meaning, Definitions, Essentials, Key Drivers VIEW
Stages and Decision Makers in Event Management VIEW
Event Management Staff VIEW
Establishing Policies and Procedures of an Event VIEW
Role of Event Manager and the people involved in conducting the event VIEW
Developing Record Keeping System in Event Management VIEW

No Update of Unit 5

Unit 5 Conduct of an Event & Procedure {Book}
Planning Schedule VIEW
Steps to Organize an Event VIEW
Assignment of Responsibilities: VIEW
Communication in Events VIEW
Multichannel used for communication, VIEW
Operational Communication Tools for Events VIEW
Event Marketing and Communications Planning Process VIEW
Budget of an Event Basic Event Budgeting Rules, Typical Event Expenditure VIEW
Budget of an Event VIEW
Fundamentals of Creating an Event Budget VIEW
Predicting the Financial Outcome of an Event VIEW
Importance of Financial Control of an Event VIEW
Continual adjustment of the Event Budget VIEW
Computer Aided Event Management VIEW
Use of Computer and Technology from the start to End of Event VIEW
Event Planning Software VIEW
Roles and responsibilities of Event manager for different Events VIEW
Checklist of an Event, Emergency plan checklist for an Event VIEW
Sample event planning checklist VIEW
Event Proposal VIEW
Events Licenses and Permissions, permits and license for events VIEW
Government Environment for Event VIEW

 

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Bangalore University B.com Notes

Advanced Financial Accounting

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Unit 1 Branch Accounts
Meaning of Head Office, Branch VIEW
Branch Accounts: Introduction, Meaning, Objectives, Types VIEW
Branch Accounting Objectives and Advantages VIEW
Dependent Branches: Features VIEW
Independent Branches and Foreign Branches VIEW
Methods of maintaining books of accounts by the Head Office VIEW
Meaning and Features of Debtors System, Stock & Debtors System VIEW
Wholesale Branch System and Final Account System VIEW
Methods of ascertainment of Profit or Loss of Branch under Debtors System VIEW
Cost Price Method and Invoice Price Method VIEW
Problems on preparation of Branch A/c in the books of Head Office under Cost Price Method and Invoice Price Method VIEW
Supply of Goods at Cost Price VIEW
Supply of Goods at Invoice Price VIEW
Unit 2 Consignment Accounts {Book}
Consignment Accounts: Introduction, Meaning VIEW
Parties in Consignment Consignor and Consignee VIEW
Difference between Consignment and Ordinary Sale VIEW
Special terminologies in Consignment Accounts:
Proforma Invoice, Invoice Price, Account Sales, Non-recurring Expenses, Recurring Expenses, Ordinary Commission, Overriding Commission, Del Credere Commission VIEW
Normal Loss, Abnormal Loss VIEW
Small Problems on Commission and Valuation of Closing Stock VIEW
Consignment Accounts in the books of Consignor VIEW
Problems on preparation of Consignment A/c VIEW
Problems on preparation of Consignee A/c VIEW
Goods Sent on Consignment A/c in the books of Consignor VIEW
Goods Invoiced at Cost Price VIEW
Goods Invoiced at Selling Price VIEW
Valuation of Stock VIEW
Stock Reserve VIEW
Journal Entries, Ledger Accounts in the books of Consignor and Consignee VIEW
Unit 3 Accounting for Joint Ventures
Accounting for Joint Ventures: Introduction, Meaning, Objectives VIEW
Distinction between joint Venture and Partnership VIEW
Accounting for Joint Ventures, Preparation of Joint Venture A/c VIEW
Joint Bank A/c VIEW
Co-Ventures A/C’s VIEW
**Distinction between joint Venture and Consignment VIEW
**Maintenance of accounts in the Books of Co-venturers VIEW
**Maintaining Separate books for Joint Venture VIEW
**Preparation of Memorandum Joint Venture VIEW
Unit 4 Royalty Accounts
Meaning and Definition of Royalty Accounts VIEW
Special terminologies in Royalty Accounts Landlord, Tenant, Output, Minimum Rent/Dead Rent, Short Workings, Recoupment of Short Workings VIEW
Methods of Recoupment of Short Workings Fixed Method and Floating Method VIEW VIEW
Problems on Ascertainment of Royalty Payable VIEW
Preparation of Analytical Table including adjustment for Strike Period VIEW
Unit 5 Hire Purchase Accounts
Meaning and Definition of Hire Purchase System, Instalment Purchase System & Differences VIEW
Special terminologies in Hire Purchase Accounts Hire Vendor, Hire Purchaser, Down Payment, Principal Component, Interest Component VIEW
Cash Price VIEW
Hire Purchase Price VIEW
Need for segregation of Instalment Amount into Principal Component and Interest Component VIEW
Accrual method VIEW
Segregation of Instalment Amount into Principal Component and Interest Component when:
(i) Interest component is not included in the instalment amount VIEW
(ii) Interest component is included in the instalment amount VIEW
(iii) Rate of interest is not given VIEW
(iv) Cash price is not given VIEW
Bangalore University B.com Notes

Business Mathematics

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Bangalore University B.com Notes

Business Organization & Market Dynamics

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Unit 1 Forms of business entities {Book}
Business: Meaning, Definitions and Features VIEW
Major Forms of Business VIEW
Sole Trading concern, Meaning, Definition and Features VIEW VIEW
Partnership Firm Meaning, Definitions Features and limitation VIEW VIEW
Joint Stock Companies Meaning, Definitions, Features and Classification VIEW
Private Companies Meaning, Definition, Features, Privileges, Merits and Limitations VIEW
Public Companies Meaning, Definition, Features, Merits and Limitations VIEW
Distinctions Between Private and Public Companies VIEW
One-man company VIEW
Limited liabilities partnership (LLP) VIEW

 

Unit 2 Formation of Joint Stock Companies {Book}
Companies ACT 2013 Salient features, features of latest amendments VIEW
Meaning and steps of incorporation Joint Stock Companies VIEW VIEW
Memorandum of Association Contents VIEW
Articles of Association Meaning and contents VIEW VIEW
Prospectus & statement in lieu of prospectus meaning and content VIEW VIEW
Distinctions between Memorandum of Association and Articles of Association VIEW
Methods of raising Share Capital VIEW
Initial Public Offer VIEW VIEW
Borrowed Capital VIEW
Debentures, Kinds of Debentures VIEW
Bonds Meaning, Definition, features VIEW VIEW
Kinds of Bonds: VIEW
Government bonds, Corporate bonds VIEW
Foreign bonds VIEW

 

Unit 3 Management of Joint Stock Companies {Book}
Meaning, Role, Powers and Liabilities of Directors VIEW VIEW
Meaning, Role, Powers and Liabilities of Chairman VIEW
Meaning, Role, Powers and Liabilities of Company Secretary VIEW VIEW
C-Suite executives-CEO, CFO, COO, CTO, CKO, CRO and CIO VIEW
Meeting and Types VIEW VIEW
Agenda of the meeting VIEW
Quorum of the meeting VIEW
Motions VIEW
Kinds of Resolutions VIEW
Minutes of Meeting VIEW
Corporate governance VIEW VIEW
Composition of BODs VIEW
Cadbury Committee report VIEW
SAXEN-OXLEY ACT VIEW
Narayamurthy and Narechandra Chandra committee recommendation of corporate Governance VIEW

 

Unit 4 Market Forces, Structure and Behaviour {Book}
Meaning, Definition, Determinants and Law of Demand VIEW
Supply Meaning, Definition VIEW
Determinants and Law of Supply VIEW
Market Structure Meaning and Definition VIEW
Price and output determination under Perfect Competition VIEW
Price and output determination under Monopoly VIEW
Price and output determination under Monopolistic Competition VIEW
Price and output determination under Oligopoly VIEW
Price and output determination under Duopoly VIEW

 

Unit 5 Financial Markets {Book}
Financial Markets: Meaning, Functions VIEW
Financial Markets Classification:
Organized Market, Unorganized Market VIEW
Capital Market, Money Market VIEW
Primary Market and Secondary Market VIEW
Distinctions between Organized and Unorganized Market VIEW
Distinctions between Capital Market and Money market VIEW
Distinctions between Primary Market and Secondary Market VIEW
Management Notes

Fundamentals of Management and Life Skills

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Unit 1 Management {Book}
Introduction, Meaning, Definitions, Characteristics, Importance and Scope of Management VIEW
Management as a Science, as an Art and as a Profession VIEW
Meaning and Definitions of Administration VIEW
Differences between Management and Administration VIEW
Unit 2 Principles and Functions of Management {Book}
Principles of Management VIEW
Management Nature and Importance VIEW
FW Taylor’s Scientific Management VIEW
Henry Fayol’s 14 Principles of Management VIEW
Management of objectives (MBO): Meaning, Definitions, Need, Benefits and Limitations VIEW
Management of Exception (MBE): Meaning, Definitions, Need, Benefits and Limitations VIEW
Management functions: Meaning, Definitions, Characteristics VIEW
Benefits & Limitations of Planning VIEW
Benefits & Limitations of Organizing VIEW
Benefits & Limitations of Staffing VIEW
Benefits & Limitations of Directing VIEW
Benefits & Limitations of Co-ordinating VIEW
Benefits & Limitations of Reporting VIEW
Benefits & Limitations of Controlling VIEW
Unit 3 Leadership and Motivation {Book}
Leadership Meaning, Definition, Characteristics VIEW
Role and Qualities of a Good Leader VIEW
Leadership Styles: Autocratic, Democratic, Free-rein, New age leadership styles-servant leadership, Level-5 leadership, Transformation leadership, Transactional leadership, Negotiation leadership, Moral leadership, Women leadership and Global business leadership style VIEW
Motivation Nature, importance VIEW
Theories of Motivation:
Maslow’s Need Hierarchy Theory VIEW
McGregor’s Theory X and Theory Y VIEW
Herzberg’s Two Factory Theory VIEW
Unit 4 Communication Skills {Book}
Meaning and Definitions of Communication VIEW VIEW
Types of Communication: Formal Communication & Informal Communication VIEW VIEW
Modes of Communication:
Verbal Communication VIEW
Non-Verbal Communication (Body Language, Gestures and Facial Expressions) VIEW
Etiquette and mannerism in Personal and Business meetings VIEW
E-communication: Video and virtual Conferencing VIEW
Written Communication VIEW
Email Writing VIEW
Characteristics Effective Communication VIEW
Importance of Effective Communication VIEW
Barriers to Effective Communication and Measures to Overcome Barriers VIEW
Measures to Overcome Barriers to Effective Communication VIEW
Effective Communication Skills: Active Listening, Speaking, Observing, Empathizing VIEW VIEW
Tips for Improving Communication Skills VIEW
Unit 5 Life Skills, Personality and Attitude {Book}
Life Skills Meaning, Definitions VIEW
Elements of life skills: Behavior, Attitude, Mannerism, Manners, Etiquette, Ethos, Morality, Determination commitment, Courageousness, Perseverance VIEW
Personality-Meaning, Definition, Characteristics VIEW
Personality Determinants VIEW
Personality Types VIEW
Sources of Personality VIEW
Difference between Trait and Personality VIEW VIEW
Attitude: Meaning, Definition, Components VIEW
Characteristics/Functions of Attitude VIEW
Factors influencing attitude VIEW
Types of Attitude VIEW

Bangalore University B.com Notes

Financial Accounting

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Unit 1 Conceptual Frame Work Of Financial Accounting {Book}
Financial Accounting Meaning, Definition, Objectives VIEW
Financial Accounting Objectives VIEW
Terminologies: Transaction, debit, credit, Assets, Liabilities, Capital, Drawings, Goods VIEW
Distinctions between Goods and Assets VIEW
Purchases, Purchase Returns, Sales, Sales Returns VIEW
Invoice, Debit Note, Credit Note, Stock, Work-in-progress VIEW
Inventory, Incomes, Expenses, Creditors, Debtors VIEW
Bills of Exchange VIEW
Bills Receivable, Bills Payable VIEW
Outstanding Expenses, Accrued Incomes VIEW
Prepaid Expenses, Incomes received in Advance VIEW
Journal VIEW
Journal Entry, Rules for Journal Entry VIEW VIEW
Subsidiary Books VIEW
Journal Proper VIEW
Account Carried Down, Brought Down, Carried Forward, Brought Forward VIEW
Ledger Accounts VIEW
Income statement VIEW
Balance Sheet VIEW
Accounting Equation VIEW
Accounting concepts: Entity, Money measurement, Realization and Accrual concept VIEW
Introduction to IFRS VIEW
US-GAAP VIEW
European GAAP, Japanese GAAP VIEW

 

Unit 2 Accounting for Sale of Partnership firm {Book}
Sale to a Limited Company VIEW
Need for conversion – Meaning of Purchase Consideration, Methods of calculating Purchase Consideration, Net Payment method, Net Asset method VIEW
Passing of journal entries accounts in the Books of Vendor VIEW
Preparation of Ledger Accounts in the Books of Vendor VIEW
Treatment of Certain items VIEW
Dissolution expenses VIEW
Unrecorded Assets and Liabilities VIEW
Assets and Liabilities not taken over by the purchasing company VIEW
Contingent liabilities VIEW VIEW
Non-assumption of Trade Liabilities in the Books of Purchasing company VIEW
Passing of incorporation entries: Treatment of security premium VIEW

 

Unit 3 Accounting for Departmental Undertakings {Book}
Meaning and Features of Departmental Undertaking VIEW
Examples of Department Specific Expenses and Common Expenses VIEW
Need and Bases of Apportionment of Common Expenses VIEW
Preparation of Trading Account in Columnar Form VIEW
Preparation of Profit and Loss Account in Columnar Form VIEW
General Profit and Loss Account and Balance Sheet VIEW
Simple problems involving adjustment on Closing Stock VIEW
Depreciation VIEW
Inter Departmental Transfers at Cost Price VIEW

 

Unit 4 Fire Insurance claims {Book}
Meaning, Need and Advantages of Fire Insurance VIEW
Insurer/Insurance Company, Insured/Policyholder, Premium VIEW
Salvage, Insurance Policy, Sum Assured, Under Insurance, Average Clause, Claim VIEW

 

Unit 5 Computerized Accounting Systems {Book}
Computerized Accounts by using Accounting Software VIEW
Creating a Company; Configure and Features Settings VIEW
Creating Accounting Ledgers and Groups VIEW
Creating Stock Items and Groups; Vouchers Entry VIEW

 

University of Mumbai BMS Notes

Functions of Communication Technology in Corporate Communication

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Influential businesses around the globe are aware that technology has reshaped the way we work today. When the digital era first started, the process of adaptation took some time, nonetheless the reward was priceless. These are 5 benefits from technology used in business communications:

  1. Increased Communication. Do you remember a time at work when you had to send a handwritten letter to your boss who might have worked in a different located due to either travel meetings or important projects? The average respond time could have been days. Today, technology gives us the opportunity to communicate via email, messages, Skype or FaceTime, within minutes and most importantly, from any part of the world.
  2. Improved Level of Security and distribution. “Back in the day” we used to store piles of paperwork in a locked safety cabinet or safe. Today, technology allows businesses to save up to thousands and thousands of sensitive information and files, encrypt such files and store on a single PC, external hard drive or cloud drive. With a proper antivirus like Avira, and security tips to protect your devices from hacking, the appropriate departments have access to these files and can share among one another within seconds while keeping files safe.
  3. Visual Quality. Do you remember when you used to write your reports with a typewriter? And you had to do it carefully to keep paper quality? Nowadays, computers have software tools like Word, PowerPoint, and Excel, which can make your reports more visually attractive. As well as correct mistakes as many times as you would like without having to worry about paper issues or constantly restarting.
  4. Quick, accessible Information. The Internet is another technology used in business communication. Trips to this virtual library can take place within seconds! Getting the information, you are looking for has never been easier and/or faster. Have you heard of a single company that doesn’t use internet in their daily basis? That’s right, today having Internet access is as important as having a computer, because of the accessible information you can get while using it at work, which can increase knowledge and substance different work reports.
  5. Increased Efficiency. Last but absolutely not least, efficiency. Here is a great example of how technology in business communications has increased efficiency: remember how credit cards used to be put under a carbon paper to get physical impression? We know what you’re thinking, it was tedious and it took a while. Today credit cards are swiped through a card reader and the payment is made! Additional ways efficiency has increased are; computers are also a handy tool to process data, and employees are working faster than ever and this is making their workflow smoother.
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