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1. 1. ACCOUNTING FOR BUSINESS & MANAGEMENT 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
2. 2. ACCOUNTING FOR BUSINESS & MANAGEMENT Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk , www.afterschoool.tk
3. 3. Goti draws a bill on Dhaval for Rs. 60000 on 1/4/7 for 2 months. Dhaval accepts the bill and send it back to Goti, who gets it discounted for Rs. 58800. Goti remits Rs. 19600 to Dhaval. On due date Goti being unable to remit the amount due accepts a bill for Rs. 84000 for 2 months which is discounted by Dhaval for 82200. Dhaval sends Rs. 14800 to Goti. How much discounts will be borne by them?
4. 4. Solution… <ul><li>From the first 60000, the bank had charged discount of 1200. 60000 was shared by Goti and Dhaval in the ratio : 4:2. (39200+19600=58800). Thus share of Dhaval was 400 & Goti = 800 </li></ul><ul><li>Out of 84000, (40000 are already with Goti, 14800 are further sent to him). Discount = 1800 (54800 +27400 =82200) thus ratio is 2:1, thus Goti will bear Rs. 1200 and Dhaval will bear 600 answer. </li></ul>
5. 5. Rakhi consiged goods of Rs. 8250 to Nidhi & paid Rs. 650 (freight) and insurance Rs. 400. She drew a bill of Rs. 3000 & got it discounted for Rs. 2960. Nidhi told that a part of goods realised Rs. 8350 and expenses & commission was Rs. 870. Closing stock was Rs. 2750. How much money will Nidhi send?
6. 6. Solution <ul><li>She sold goods of Rs. 8350, but has already paid Rs. 3000 to Bank. She also incurred Rs. 870, which has to be deducted from this amount. </li></ul><ul><li>8350 – (3000+870) = 4480 answer. </li></ul>
7. 7. Goti & Kap are partners sharing profit in the ratio of effective capital. They invest 1 & .6 on ¼. G invested Rs. .1 on 1/7 & .05 on 1/10. G withdrew .4 on 31/12. on1/10 K brought Rs. .3 . G drew Rs. .01 every monthend.K drew .01 on 30/9 & .05 31/12. Interest on capital & drawings: 12% (all figures in lakhs)
8. 8. Solution … <ul><li>Goti: (effective capital) </li></ul><ul><li>1*3+ 1.1*3+ 1.15*3+ .75*3 = 12 </li></ul><ul><li>12% on 12 = 12*12/100*1/12 = .12 </li></ul><ul><li>Kap: (effective capital) </li></ul><ul><li>.6*6+ .9*6 =9 *12/100*1/12 = .09 </li></ul><ul><li>Goti (interest on drawing) </li></ul><ul><li>.01*11+.01*10 . . . .OR .01(11 TO 1) </li></ul><ul><li>=.01(66) = .66 Int = .66*12/100*1/12 =.0066 </li></ul>
9. 9. Solution <ul><li>Interest on drawings on KAP </li></ul><ul><li>.01*6 + .05*3 = .21 </li></ul><ul><li>.21*1/12*12/100 = .0021 </li></ul>
10. 10. ABOUT AFTERSCHO☺OL <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>
11. 11. 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>
12. 12. 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>
13. 13. About AFTERSCHO☺OL 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>
14. 14. Workshops from AFTERSCHO☺OL <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>
15. 15. 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>
16. 16. 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>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>
17. 17. 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>
18. 18. 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>
19. 19. Branches <ul><li>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. </li></ul>
20. 20. 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>
21. 21. Basic values at AFTERSCHO☺OL <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>
22. 22. www.afterschoool.tk social entrepreneurship for better society