1. Accounting: It's not just about recording transactions—it also involves interpreting financial information to make informed decisions. It includes financial reporting, auditing, and analyzing economic events. 2. Journal: It's the initial book of entry where transactions are recorded in chronological order. Each entry includes details like date, accounts involved, amounts, and a brief description. 3. Ledger: A ledger contains individual accounts summarizing transactions related to a specific asset, liability, equity, revenue, or expense. It's organized by account type and provides a detailed record of financial activities. 4. Legacy: It refers to outdated systems, processes, or technologies that persist because they were previously used and are still functional. However, they might not be as efficient or effective as newer alternatives. 5. Compensating Errors: These are mistakes that occur in accounting but counterbalance each other, ultimately resulting ...
Correlation coefficients are used to measure how strong a relationship is between two variables. There are several types of correlation coefficient, but the most popular is Pearson's correlation. Pearson’s correlation (also called Pearson’s R ) is a correlation coefficient commonly used in linear regression. If you are starting out in statistics, you’ll probably learn about Pearson’s R first. In fact, when anyone refers to the correlation coefficient, they are usually talking about Pearson’s. Meaning · A correlation coefficient of 1 means that for every positive increase in one variable, there is a positive increase of a fixed proportion in the other. For example, shoe sizes go up in (almost) perfect correlation with foot length. · A correlation coefficient of -1 means that for every positive increase in one variable, the...
WHAT IS EVALUATION? It means making judgement or a process of collecting evidences of behavioral changes and judging the directions and extent of such changes. It’s both quantitative and qualitative system. It is a way to check both the academic and non-academic aspects of student’s personality. It helps students as well as teachers to bring desirable changes in their respective parts to get the desired results. IMPORTANT ELEMENTS OF EVALUATION TYPES OF EVALUATION: DIAGNOSTIC EVALUATION: This is done at the beginning of the teaching learning process. It diagnoses the causes of problems in teaching. It is done to find specific weakness of students. It can be done at individual or class level. It helps in designing the curricula in order to match the learner’s ability to understand the concepts. FORMATIVE EVALUATION: Paul bla...
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