financial analysis intro 6 oct

www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

ACCOUNTING FOR BUSINESS

AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS

CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME –

World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship

OPEN FOR ALL FREE FOR ALL


ACCOUNTING FOR BUSINESS

Dr. T.K. Jain.

AFTERSCHO☺OLCentre for social entrepreneurship

Bikaner M: [email protected]

www.afterschool.tk, www.afterschoool.tk

http://www.afterschool.tk/

http://www.afterschoool.tk/


Consignment question. .

• P Sent to Q 1,000 pieces of goods on consignment basis; one piece was of Rs. 230. P spent As. 2,200 on packing, As. 450 on freight and As. 1,400 on insurnce in transit. Q paid octroi duty amounting to As. 1,200 and cartage of 1100 to bring goods to his godowns. In course of time Q also spent Rs. 1600 on insurance and rent of godown and paid Rs. 4,000 as salaries to salesman. Q reported that he had sold 800 pieces @ 305 per piece. Q is entitled toa commission @ 5% of gross sales.How the unsold stock will be valued and prepare Consignment Account


Solution consignment a/c

291270Total 37120To Profit

12200To Q (commission)

7900To q

47270By stock (230*200)+

6350*200/1000

4050To cash (octroi,insurance,packing)

244000By Q (sales) 305*800

230000To goods sent 230*1000

Amount Particulars Amount Particulars


Closing stock. . .

• While calculating closing stock, take into account all the non-recurring expenses.

• Consignor spent Rs. 4050 (all non-recurring) + consignee’s following expenses: octroi, cartage, = 6350


Bill discounting • Goti owed Mayank Rs. 10,000. On 2nd January,

2008 Goti accepted four bills of exchange drawn by Mayank to discharge the debt. The first for As. 1,000 at one month, the second for Rs. 2,000 at two months, the third for Rs. 3,000 at three months and the last one for As. 4,000 at four months. On 15th January Mayank sent the first bill to the hank for collection. On 17th January he endorsed the second bill in favour of Monu.

• On 5th February, he got the fourth bill discounted with the bank @16% p.a. The first three bills were duly honored but the fourth one (i.e. the discounted one) was dishonoured on the due date, noting charges being As. 25.

• Show journal entries and important ledger accounts in the books of Goti as well Mayank.


Goti’s Books Bills Payable A/c

4025To Bank

3000To Bank

4025By Mayank 2000To Monu

10000By Mayank1000To Bank

Amount Particulars AmountParticulars


Mayank’s Books : Bills Receivable A/c

4025By Bank

3840By Bank

160 By discount

3000By Bank

2000By Monu4025To Goti

1000By Bank 10000To Goti

Amount Particulars Amount Particulars


ABOUT AFTERSCHO☺OL

Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.


Why such a programme?

• To promote people to take up entrepreneurship and help develop the society

• To enable people to take up franchising and other such options to start a business / social development project

• To enable people to take up social development as their mission

• To enable people to promote spirituality and positive thinking in the world


Who are our supporters?

• Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us.

• You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.


About AFTERSCHO☺OL PGPSE – the best programme for developing great

entrepreneurs• Most flexible, adaptive but rigorous programme• Available in distance learning mode• Case study focused- latest cases • Industry oriented practical curriculum• Designed to make you entrepreneurs – not just

an employee• Option to take up part time job – so earn while

you learn • The only absolutely free course on internet


Workshops from AFTERSCHO☺OL

• IIF, Delhi• CIPS, Jaipur• ICSI Hyderabad Branch• Gyan Vihar, Jaipur• Apex Institute of Management, Jaipur• Aravali Institute of Management, Jodhpur• Xavier Institute of Management, Bhubaneshwar • Pacific Institute, Udaipur• Engineering College, Hyderabad


Flexible Specialisations:

• Spiritualising business and society• Rural development and transformation• HRD and Education, Social Development• NGO and voluntary work• Investment analysis,microfinance and inclusion • Retail sector, BPO, KPO• Accounting & Information system (with CA / CS /CMA)• Hospital management and Health care• Hospitality sector and culture and heritage• Other sectors of high growth, high technology and social

relevance


Salient features:

• The only programme of its kind (in the whole world)• No publicity and low profile course• For those who want to achieve success in life – not just a

degree• Flexible – you may stay for a month and continue the rest of

the education by distance mode. / you may attend weekend classes

• Scholarships for those from poor economic background• Latest and constantly changing curriculum – keeping pace

with the time• Placement for those who are interested• Admissions open throughout the year • Latest and most advanced technologies, books and study

material


Components

• Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad)

• Meditation, spiritualisation, and self development • Essential softwares for business• Business plan, Research projects• Participation in conferences / seminars• Workshops on leadership, team building etc. • Written submissions of research projects/articles / papers• Interview of entrepreneurs, writing biographies of entrepreneurs• Editing of journals / newsletters• Consultancy / research projects • Assignments, communication skill workshops• Participation in conferences and seminars• Group discussions, mock interviews, self development diaryng • Mind Power Training & writing workshop (by Dr. T.K.Jain)


Pedagogy

• Case analysis,• Articles from Harvard Business Review • Quiz, seminars, workshops, games, • Visits to entrepreneurs and industrial visits• Presentations, Latest audio-visuals• Group discussions and group projects• Periodic self assessment• Mentoring and counselling• Study exchange programme (with institutions out of India)• Rural development / Social welfare projects


Branches

• AFTERSCHO☺OL will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.


Case Studies

• We want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.


Basic values at AFTERSCHO☺OL

• Share to learn more• Interact to develop yourself• Fear is your worst enemy• Make mistakes to learn • Study & discuss in a group• Criticism is the healthy route to mutual support

and help • Ask fundamental questions : why, when, how &

where?• Embrace change – and compete with yourself

only


www.afterschoool.tk social entrepreneurship for better

society

http://www.afterschoool.tk/