Financial Analysis Intro 6 Oct

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Financial Analysis Intro 6 Oct

  1. 1. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  2. 2. ACCOUNTING FOR BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 tkjainbkn@yahoo.co.in www.afterschool.tk, www.afterschoool.tk www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  3. 3. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  4. 4. Solution consignment a/c Particulars Amount Particulars Amount To goods sent 230*1000 230000 By Q (sales) 244000 305*800 To cash 4050 By stock 47270 (octroi,insurance,packing) (230*200)+ 6350*200/1000 To q 7900 To Q (commission) 12200 To Profit 37120 Total 291270 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  5. 5. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  6. 6. 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. www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  7. 7. Goti’s Books Bills Payable A/c Particulars Amount Particulars Amount To Bank 1000 By Mayank 10000 To Monu 2000 By Mayank 4025 To Bank 3000 To Bank 4025 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  8. 8. Mayank’s Books : Bills Receivable A/c Particulars Amount Particulars Amount To Goti 10000 By Bank 1000 To Goti 4025 By Monu 2000 By Bank 3000 By discount 160 By Bank 3840 By Bank 4025 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  9. 9. 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. www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  10. 10. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  11. 11. 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. www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  12. 12. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  13. 13. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  14. 14. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  15. 15. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  16. 16. 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) www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  17. 17. 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 www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  18. 18. 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. www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  19. 19. 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. www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  20. 20. 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 AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
  21. 21. www.afterschoool.tk social entrepreneurship for better society www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

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