An accountant is sent to learn the new software for accounting to prepare the books of accounts faster and accurately. He was further sent to orientation to improve his motivational and conceptual skills.
(i) Identify and explain the two concepts explained above.
(ii) Differentiate these concepts on the basis of suitability, method used and nature.

Open in App

Solution

On the basis of Training Development
suitability Present/ immediate need Future role
method used performance or capabilities of an employee. To prepare individuals for future challenges.
nature Training is usually a short-term process. Development is a long-term process
(i) Training and Development are the two concepts explained above.

Suggest Corrections

Similar questions

An accountant is sent to learn the new software for accounting to prepare the books of accounts faster and accurately. He was further sent to orientation to improve his motivational and conceptual skills. The concept that explains the above.

Q. Some learning opportunities are designed and delivered to improve skills and abilities of employees whereas some others are designed to help in the growth of individuals in all respects. Identify and explain the two concepts explained above

The drawer opens a temporary account in his books when the bill is sent to the bank for collection. The name of the account is ______

"The accounting concepts and accounting standards are generally referred to as the essence of financial accounting." Comment.

Q. Name the accounting concept on the basis of which income statement is prepared ______________.

Join BYJU'S Learning Program

On the basis of	Training	Development
suitability	Present/ immediate need	Future role
method used	performance or capabilities of an employee.	To prepare individuals for future challenges.
nature	Training is usually a short-term process.	Development is a long-term process