Statistics For Management 15 October


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Statistics For Management 15 October

  1. 1. Accounting AFTERSCHOOOL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
  2. 2. Accounting Dr. T.K. Jain. AFTERSCHOOOL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address]
  3. 3. What is accommodation bill? <ul><li>It is a bill without consideration. It is just to help other party meet some financial obligations. </li></ul>
  4. 4. What is insolvency? <ul><li>When a person is not able to meet his liabilities, he is termed as insolvent. The court generally adjudicate him as insolvent. </li></ul>
  5. 5. I draw a bill on Ram for Rs. 20000 for 3 months period. The bill is drawn on 1.1. 2008. when will I get the money? <ul><li>4.4.2008 (three days are added). </li></ul>
  6. 6. I draw a bill on Ram for Rs. 20000 for 3 months period. The bill is drawn on 1.1. 2008. 4.4.2008 is a public holiday. when will I get the money? <ul><li>3.4.2008 </li></ul>
  7. 7. I draw a bill on Ram for Rs. 20000 for 3 months period. The bill is drawn on 1.1. 2008. there were riots in the city and due to that 3 and 4 th of April are having city closed. when will I get the money? <ul><li>5 April 2008 </li></ul>
  8. 8. I draw a bill on Ram. I endorse duly accepted bill to Mohan. Mohan indorses it to Ravi. Who is payer and who is payee? <ul><li>Payer is Ram. Payee is Ravi. </li></ul>
  9. 9. I draw a bill on Ram for Rs. 20000 for 3 months period after sight. The bill is accepted on 10.1.2008. The bill is drawn on 1.1. 2008. when will I get the money? <ul><li>13.4.2008 </li></ul>
  10. 10. I draw a bill on Ram for Rs. 20000 for 3 months period after date. The bill is accepted on 10.1.2008. The bill is drawn on 1.1. 2008. when will I get the money? <ul><li>4.4.2008 answer. </li></ul>
  11. 11. I draw a bill on Ram for Rs. 20000 for 30 day after sight. The bill is accepted on 10.1.2008. The bill is drawn on 1.1. 2008. when will I get the money? <ul><li>12 February 2008. </li></ul>
  12. 12. I draw a bill on Ram for Rs. 20000 for 3 months period after date. The bill is accepted on 10.1.2008. The bill is drawn on 1.1. 2008. on maturity the bill is dishonoured. Noting charges paid Rs. 100. another bill of same duration is drawn with interest @12%. What is the value of another bill and what is interest & due date? <ul><li>the new bill will be drawn on 13 April. And will have due date on 16 July. The interest will be 600 + noting charges 100. the amount of bill = 20700 answer. </li></ul>
  13. 13. I draw a bill on Rishabh for Rs. 30000 on 1.1.8 for 3 months. On 4.1.8, I got the bill discounted @12%. How much will I get? <ul><li>The discounting charges for 3 months @ 12% on 30000 is 900. thus I get 29100 from bank after discounting the amount. </li></ul>
  14. 14. A bill is drawn on 29.1.8 for one month after date. When will the bill be due? <ul><li>3 March 2008. </li></ul>
  15. 15. A bill is drawn on 13 July 2008. When is the due date. 16 August is public holiday. <ul><li>14 August. </li></ul>
  16. 16. Can there be oral bill? <ul><li>No. </li></ul>
  17. 17. Can there be oral agreement? <ul><li>Yes </li></ul>
  18. 18. Can drawer be payee? <ul><li>Yes – if he doesn’t indorses it to others. </li></ul>
  19. 19. Can drawee be payee, in case of bill? <ul><li>No. </li></ul>
  20. 20. Should B.R. be accepted by drawee? <ul><li>Yes. </li></ul>
  21. 21. Can B.R. be negotiated? <ul><li>Yes </li></ul>
  22. 22. What should I do if the bill is dishonoured? <ul><li>I should go to notary public and get it noted, and pay noting charges and give notice of the same. </li></ul>
  23. 23. I draw a bill on Rishabh for Rs. 4500 for mutual accommodation in the ratio of 1:2. I get the bill discounted immediately for Rs. 4230. How much money should I send to Rishabh& when? <ul><li>The discounted charges are Rs 270, which I and Rishabh will bear in the ratio of 1:2. I shall bear Rs. 90 and Rishabh will bear Rs. 180. Thus as soon as I get the money, I have to send to Rishabh Rs. (3000-180) = 2820. At the time of maturity of bill I shall send Rishabh another 1500 to discharge my liability. </li></ul>
  24. 24. I draw a bill on Goutam for Rs. 9000 for mutual accommodation in the ratio of 2:1. I get the bill discounted immediately for Rs. 8100. How much money should I send to Goutam & when? <ul><li>I shall bear 2/3 of disounting charges of Rs. 900. Thus I shall bear 600 and Goutam will bear 300. Thus I have to send him (3000-300)=2700 immediately. At the time of maturity, I shall send Goutam Rs. 6000 as my liability. </li></ul>
  25. 25. Who will bear the noting charges? <ul><li>Drawee </li></ul>
  26. 26. Is a cheque a negotiable instrument? <ul><li>Yes </li></ul>
  27. 27. Is a crossed cheque a negotiable instrument? <ul><li>No </li></ul>
  28. 28. Is a bearer cheque a negotiable instrument? <ul><li>Yes </li></ul>
  29. 29. Is a promissory note a negotiable instrument? <ul><li>Yes </li></ul>
  30. 30. Is a bill of exchange a negotiable instrument? <ul><li>Yes </li></ul>
  31. 31. Is a hundi a negotiable instrument? <ul><li>Yes </li></ul>
  32. 32. Between purchaser and seller, who will draw the bill? <ul><li>Seller </li></ul>
  33. 33. In which instrument, the drawer will make the payment? <ul><li>Promissory Note </li></ul>
  34. 34. How many endorsements are permitted on a bill? <ul><li>Infinite – there is no limit. </li></ul>
  35. 35. Can I convert a crossed cheque into a bearer cheque? <ul><li>No </li></ul>
  36. 36. Can I convert a bearer cheque into a crossed cheque? <ul><li>Yes </li></ul>
  37. 37. Can I make partial endorsement? <ul><li>No. </li></ul>
  38. 38. Can I make conditional endorsement? <ul><li>Yes </li></ul>
  39. 39. Indian currency is similar to which negotiable instrument? <ul><li>Promissory Note </li></ul>
  40. 40. Can debtor draw a bill of exchange on creditor? <ul><li>No. (creditor draws the bill, not the debtor). </li></ul>
  41. 41. ABOUT AFTERSCHOOOL <ul><li>Afterschoool conducts three year integrated PGPSE (after class 12 th 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. </li></ul>
  42. 42. Why such a programme? <ul><li>To promote people to take up entrepreneurship and help develop the society </li></ul><ul><li>To enable people to take up franchising and other such options to start a business / social development project </li></ul><ul><li>To enable people to take up social development as their mission </li></ul><ul><li>To enable people to promote spirituality and positive thinking in the world </li></ul>
  43. 43. Who are our supporters? <ul><li>Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us. </li></ul><ul><li>You can also support us – not necessarily by money – but by being promotor of our concept and our ideas. </li></ul>
  44. 44. About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs <ul><li>Most flexible, adaptive but rigorous programme </li></ul><ul><li>Available in distance learning mode </li></ul><ul><li>Case study focused- latest cases </li></ul><ul><li>Industry oriented practical curriculum </li></ul><ul><li>Designed to make you entrepreneurs – not just an employee </li></ul><ul><li>Option to take up part time job – so earn while you learn </li></ul><ul><li>The only absolutely free course on internet </li></ul>
  45. 45. Workshops from AFTERSCHOOOL <ul><li>IIF, Delhi </li></ul><ul><li>CIPS, Jaipur </li></ul><ul><li>ICSI Hyderabad Branch </li></ul><ul><li>Gyan Vihar, Jaipur </li></ul><ul><li>Apex Institute of Management, Jaipur </li></ul><ul><li>Aravali Institute of Management, Jodhpur </li></ul><ul><li>Xavier Institute of Management, Bhubaneshwar </li></ul><ul><li>Pacific Institute, Udaipur </li></ul><ul><li>Engineering College, Hyderabad </li></ul>
  46. 46. Flexible Specialisations: <ul><li>Spiritualising business and society </li></ul><ul><li>Rural development and transformation </li></ul><ul><li>HRD and Education, Social Development </li></ul><ul><li>NGO and voluntary work </li></ul><ul><li>Investment analysis,microfinance and inclusion </li></ul><ul><li>Retail sector, BPO, KPO </li></ul><ul><li>Accounting & Information system (with CA / CS /CMA) </li></ul><ul><li>Hospital management and Health care </li></ul><ul><li>Hospitality sector and culture and heritage </li></ul><ul><li>Other sectors of high growth, high technology and social relevance </li></ul>
  47. 47. Salient features: <ul><li>The only programme of its kind (in the whole world) </li></ul><ul><li>No publicity and low profile course </li></ul><ul><li>For those who want to achieve success in life – not just a degree </li></ul><ul><li>Indepth knowledge and expertise </li></ul><ul><li>Professional approac: World class approach </li></ul><ul><li>Strong intellectual and business capabilities </li></ul><ul><li>Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes </li></ul><ul><li>Scholarships for those from poor economic background </li></ul><ul><li>Latest and constantly changing curriculum – keeping pace with the time </li></ul><ul><li>Placement for those who are interested </li></ul><ul><li>Admissions open throughout the year </li></ul><ul><li>Latest and most advanced technologies, books and study material </li></ul>
  48. 48. Components <ul><li>Pedagogy curriculum and approach based on IIM Ahmedabad and ISB Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) </li></ul><ul><li>Meditation, spiritualisation, and self development </li></ul><ul><li>Essential softwares for business </li></ul><ul><li>Business plan, Research projects </li></ul><ul><li>Participation in conferences / seminars </li></ul><ul><li>Workshops on leadership, team building etc. </li></ul><ul><li>Written submissions of research projects/articles / papers </li></ul><ul><li>Interview of entrepreneurs, writing biographies of entrepreneurs </li></ul><ul><li>Editing of journals / newsletters </li></ul><ul><li>Consultancy / research projects </li></ul><ul><li>Assignments, communication skill workshops </li></ul><ul><li>Participation in conferences and seminars </li></ul><ul><li>Group discussions, mock interviews, self development diaryng </li></ul><ul><li>Mind Power Training & writing workshop (by Dr. T.K.Jain) </li></ul>
  49. 49. Pedagogy <ul><li>Case analysis, </li></ul><ul><li>Articles from Harvard Business Review </li></ul><ul><li>Quiz, seminars, workshops, games, </li></ul><ul><li>Visits to entrepreneurs and industrial visits </li></ul><ul><li>Presentations, Latest audio-visuals </li></ul><ul><li>Group discussions and group projects </li></ul><ul><li>Periodic self assessment </li></ul><ul><li>Mentoring and counselling </li></ul><ul><li>Study exchange programme (with institutions out of India) </li></ul><ul><li>Rural development / Social welfare projects </li></ul>
  50. 50. Branches <ul><li>AFTERSCHOOOL 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. </li></ul>
  51. 51. Case Studies <ul><li>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. </li></ul>
  52. 52. Basic values at afterschoool <ul><li>Share to learn more </li></ul><ul><li>Interact to develop yourself </li></ul><ul><li>Fear is your worst enemy </li></ul><ul><li>Make mistakes to learn </li></ul><ul><li>Study & discuss in a group </li></ul><ul><li>Criticism is the healthy route to mutual support and help </li></ul><ul><li>Ask fundamental questions : why, when, how & where? </li></ul><ul><li>Embrace change – and compete with yourself only </li></ul>
  53. 53. social entrepreneurship for better society