18 APRIL – 23 APRIL                                    FAQ’s on IDP - IELTS    Q1. How much is the revised IDP: IELTS tes...
The purpose of management accounting in the organization is to support competitive decision making bycollecting, processin...
MARKS & SPENCER IN INDIABackgroundMarks & Spencer is one of UK’s leading retailers of clothing, food, home-ware and financ...
Learning to speak fluent English requires patience, time and dedication. It may take some time but withsome knowledge of t...
Indian Retail ScenarioRetail in India is still at a very early stage. Most retail firms are companies from other industrie...
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I360 Weekly digest 18 april to 23 april


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i360 Staffing & Training Solutions is a vocational training institute started in 2008 with the aim of reducing the gap between employers’ expectations and the available talent pool, by providing necessary training to improve employability.

i360 is an eminent name facilitated by the promoters of Unicon Investment Solutions. With number of operational centres across India & constantly expanding, i360 is a fast paced Training Solutions Company, offering industry specific custom designed courses to the students/ corporates.

Our courses have evolved after intensive R&D and market research. Since we understand the requirement of the organizations and capabilities of the students, therefore, we try to bridge the gap between the employer and the employee. Students can experience effective and easy learning at i360.

We believe in following stringent and unimpeachable principles. With the distinctive mixture of right aptitude, motivated and devoted team we yearn to serve world class qualitative education. Their skill and dedication is adding to the success of the company. i360 also assures bright career assistance to every promising student.

Considering the continuous and remarkable growth in Finance & Accounting, Retail sectors, i360 is offering different courses in Financial Accounting, Retail Management, Call Centre Training, IELTS, Career Development, Spoken English and various other courses for corporates.

"There are plenty of employment opportunities available and they are expected to grow faster than the average." Ms. Sonia Nagpal cited a study by ICRA, which states that up to 25 crore(rpt) skilled workers would be required over the next 12 years to cater to the demand in 20 high-growth sectors and the unorganized segment.

Companies want to recruit employees with proficient managerial and communication skills. Therefore, keeping these points in mind i360 is offering various courses to the students and corporates. After completion of these courses one can explore the opportunities available in the market. In the learning atmosphere of i360 student can groom their personality and learn many fruitful things under the guidance of competent and resourceful faculty.

i360 does have multilevel corporate engagements; starting from student placements to trainings to academic endorsements. All these associations directly or indirectly add value in a student's career. Presently, students of i360 are working with brands like Vodafone, Airtel, Pantaloons, Haldirams, Unicon, Asian Paints, Erricson to name a few…

Join us on Facebook: http://www.facebook.com/i360Institute
Follow us on Twitter: www.twitter.com/i360staffing
Connect with us on linkedin: http://www.linkedin.com/company/i360-staffing-&-training-pvt.-ltd.

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I360 Weekly digest 18 april to 23 april

  1. 1. 18 APRIL – 23 APRIL FAQ’s on IDP - IELTS Q1. How much is the revised IDP: IELTS test fee?A. The revised IDP: IELTS test fee is INR 7,600.Q2.When does the revised IDP: IELTS test fee take effect?A. Candidates, who register on or after 1st April 2011, will pay the revised IDP: IELTS test fee of INR 7,600. Q3. What test fee is applicable to a candidate who registers before 1st April 2011 for an IELTS test date after1st April 2011?A. Candidates, who register for any IELTS test date before 1st April 2011, will pay the IDP: IELTS test fee of INR7,200. Candidates must also ensure that the complete IELTS application and proof of payment reaches an IDPoffice on or before 31st March 2011.If a candidate’s IELTS application and proof of payment reach the IDP office onor after 1st April 2011, an additional payment of INR 400 will be required for confirmation of test seat. Q4. Is there any other change in the IELTS test registration process apart from the revision in test fee?A. The IELTS test registration process remains the same, only the IDP: IELTS test fee has been revised.Q5. What happens if the test cancellation is done after the test fee has been revised; what would be theamount deducted for cancellation?A.. For any test cancellation done on or after 1st April 2011 and 5 weeks prior to the test date a deduction of INR1,900 is made from the test fee amount and the balance is refunded to the candidate. For further information refer tothe IELTS Terms and Conditions Form. Q6. What test fee is applicable to candidates who courier the IELTS application and test fee demand draft tothe IDP Gurgaon or any other IDP branch office?A. Candidates need to be ensure that the complete IELTS application and test fee demand draft reaches the IDPGurgaon or any other IDP branch office on or before 31st March 2011 to avail the IDP:IELTS test fee of INR 7,200. Ifa candidate’s IELTS application and proof of payment reach the IDP office on or after 1st April 2011, an additionalpayment of INR 400 will be required for confirmation of test seat.Reference: https://www.ieltsidpindia.com
  2. 2. The purpose of management accounting in the organization is to support competitive decision making bycollecting, processing, and communicating information that helps management plan, control, and evaluatebusiness processes and company strategy. The interesting thing about management accounting is that it israre to find an individual within a company with the title of “management accountant.” Often manyindividuals function as accountants within the organization, but these individuals typically operate asfinancial accountants, costs accountants, tax accountants, or internal auditors. However, the ability todevelop and use good management accounting (which covers a lot more ground than the product costingdone by cost accountants) is actually an important ability for many individuals, including financeprofessionals, operational and marketing managers, top-level executives, and information technologists.Generally, in a very large company, each division has a top accountant called the controller, and much ofthe management accounting that is done in these divisions comes under the leadership of the controller.On the other hand, the controller usually reports to the vice president of finance for the division who, inturn, reports to the division’s president and/or overall chief financial officer (CFO). All of these individualsare responsible for the flow of good accounting information that supports the planning, control, andevaluation work that takes place within the organization.As should be clear by now, the process of management accounting is the process of creating and usingcost, quality, and time-based information to make effective decisions within the organization. Many peoplein the organization play a role in this process. The internal audit department has the responsibility ofensuring that controls are followed and operations are efficient. Financial accounting, while providinginformation to outsiders (such as creditors, investors, and government agencies), must also providerelevant financial reports to decision makers within the organization. Systems professionals have theresponsibility to process information so that it is available to management in formats useful for decisionmaking. Tax department experts make sure that the organization complies with the tax laws and pays nomore than its legally obligated tax liability, but these people also participate in good planning, control, andevaluation of processes and decisions that will affect future tax expense exposure. Finally, costaccounting obviously plays a key role in tracking and reporting relevant product and service costs.Overall, the controller works to bring together all this information as an integral part of the planning,controlling, evaluating, and decision-making activities that take place throughout the organization.Reference: http://www.swlearning.com/
  3. 3. MARKS & SPENCER IN INDIABackgroundMarks & Spencer is one of UK’s leading retailers of clothing, food, home-ware and financial services,serving 10 million customers a week in over 400 UK stores. The company owns and operates departmentstores and retail general merchandise stores selling clothing, household goods and footwear. It alsoprovides financial advisory services like account cards, personal loans, unit trust management, lifeassurance, personal insurance and pensions. The company has an annual turnover of around US$ 14.7billion. It has over 500 stores in 30 countries worldwide.Marks & Spencer in IndiaMarks & Spencer began operations in India in December 2001, through its exclusive franchisee - PlanetSports. By 2003 the company had two stores, one at Ansal Plaza in Delhi and the other at Crossroads inMumbai. Today, Marks & Spencer has a total of 7 stores in India with 3 in Mumbai and 1 each in Delhi,Gurgaon, Hyderabad and Bangalore.Leveraging the India Advantage: • Large and growing domestic marketIndia has a growing economy and a large middle class. Income levels have also been rising and theconsuming class forms the bulk of the population today. This offers Marks and Spencer significantpotential for growth in retailing in the domestic market. • Low cost sourcing baseThe company is leveraging India’s capability in textile manufacturing and the availability of good quality,low cost products, by developing India as a sourcing base for apparel. • Future PlansPlanet Sports, the M&S Franchisee in India, has aggressive expansion plans that include rolling out, up to50 new M&S stores in India over the next 5 years.REFERENCE: http://www.ibef.org/
  4. 4. Learning to speak fluent English requires patience, time and dedication. It may take some time but withsome knowledge of the best study techniques and daily practice, youll gradually improve your English andyour confidence in your speaking abilities.Practice DailyAchieving fluency in English requires daily practice. Start by focusing on improving vocabulary, learninggrammar, listening skills and speaking skills. If possible, find someone that you can practice with daily. Ifyou cannot find someone to practice with, make sure that you read things out loud by yourself. Itsimportant to get that speaking practice. You may want to split up your study time throughout the day.Instead of studying for one hour, study for 30 minutes in the morning and 30 minutes in the evening. Thishelps you to stay focused.Watch TVIncrease your practice by watching TV shows which allows you to gain experience listening to what real-life English sounds like. Once you find one that you like, try watching the same episode over and over. Asyou become used to it, pause the show and try to repeat what the character said. Pay attention topronunciation and inflection in order to sound more like a native speaker.Talk with FriendsPractice what you are learning with native English speakers. Having other people to speak English with isessential for building your skill level. Look for friends that you can practice English with. Native Englishspeakers are the best for gaining fluency. If you can, try to find a friend that only speaks English. This willforce you to use your English instead of falling back on your native language.Think in EnglishAchieve real English fluency by thinking in English. While this takes skill, when you are able to think inEnglish instead of in your native language, youll know that youve really mastered the language. As you gothroughout your day, try to think about what youre doing in English. Dont translate from your nativelanguage. Actually use English as a starting point. The more you do this, the closer you will get to fluency.Reference: http://www.ehow.com/
  5. 5. Indian Retail ScenarioRetail in India is still at a very early stage. Most retail firms are companies from other industries that arenow entering the retail sector on account of its amazing potential. There are only a handful of companieswith a retail background. One such company is Nilgiri’s from Bangalore that started as a dairy andincorporated other areas in its business with great success. Their achievement has led to the arrival ofnumerous other players, most with the back support of large groups, but usually not with a retailbackground.New retail stores have traditionally started operations in cities like Mumbai and Delhi where there has beenan existing base of metropolitan consumers with ready cash and global tastes. The new perspective to thistrend is that new entrants to the retail scenario should first enter smaller cities rather than focusing entirelyon the metro’s. Spending power in India is not concentrated any more in just the 4 metros (Delhi, Mumbai,Chennai, Kolkata). Smaller but upcoming cities like Chandigarh, Coimbatore, Pune, Ahmedabad, Baroda,Trivandrum, Cochin, Ludhiana, Simla etc will fast be catching up to the metro’s in their spending capacity.Cities in south India have taken to the supermarket style of shopping very eagerly and so far the maximumnumber of organized grocery and department stores are in Chennai, Bangalore and Hyderabad. The northhas a long way to go to come up to par. International stores now prefer to gauge the reaction of the publicin these cities before investing heavily in a nation-wide expansion.In the past decade, international companies entering India (Levi’s, Pepe, Tommy Hilfiger, Marks andSpencer, Mango) have generally offered moderately priced to expensive items. They have aimed for theupper-middle and rich classes of Indian society. These are consumers who travel abroad often and canbuy these items overseas quite easily. Instead, international companies should be focusing on the lowerand lower-middle classes of India. This is where the real potential is, the aspirational class of consumerswho want to lead a better lives and believe in education, hard work and absorb knowledge from everypossible angle. The phenomenal success of Big Bazaar, Pantaloons, is a proof that there is enormouspotential in providing products and services to this class of consumers.Reference: http://www.chillibreeze.com