RETC IACT GOVT APPROVED COURSES RETC IACT JOINT

RETC & IACT GOVT. APPROVED COURSES RETC - IACT JOINT VENTURE IN VOCATIONAL PROGRAMMES

About RETC The RETC (Rajeswary Educational Training Centre) is an NGO, running a charitable Educational Institution, registered with the Govt. of kerala under the society Registration Act 1986, in 2005, followed by an accreditation from NIOS (National Institute Of Open Schooling) Ministry of HRD, Dept. of Education, Govt. of India, New Delhi. About IACT We have very much pleasure to introduce ourselves as one of the best computer training center in Kollam at Kerala State With various job oriented training programmers. RETC & IACT will work together in the area of evolving appropriate training programmes as joint venture in store management.

“ Learn From The Masters To become a Master ”

Our Courses DIPLOMA IN INTERNATIONAL ACCOUNTING Certificate in Store keeping & Inventory Management

Diploma in International Accounting Approximately 120 Countries around the world currently permit IFRS (International Financial Reporting Standards). This includes European Union, Hong. Kong , Australia, South Africa, Malaysia, The middle East, Russia , Singapore and Turkey. Starting 2011, many more countries including India will be moving over to IFRS International Financial Reporting Standards (IFRS) are a set of Accounting standards developed by the International Accounting Standards Board(IASB) that is becoming the global standard for the preparation of financial statements. IASB The IASB is a independent accounting standard setting body, based in London. It consists of 15 members from nine countries including the United State. The IASB began operations in 2001 when it succeeded the International Standards committee.

Accounting principles and applicability of IFRS The IASB has the authority to set IFRS and to approve interpretations of those standards. IFRS are indented to be applied by profit oriented entities. These entities’ financial statement give information's about performance , position and cash flow that is useful to arrange of users in making financial decisions. A set of financial statements includes v. Balance sheet v. Statement of comprehensive income v. Cash flow statement v. Statement of changes in equity v. A description of accounting policies v. Notes to the financial statements The concepts underlying accounting practices under IFRS are set out in the IASB’s ‘Framework for the preparation and presentation of financial statements. ’ ERP ( Entrepreneurs Resource Planning) Business houses always find great difficulty in quickly making out the required information because of the voluminous data, improper segregation, departmental arrangements and unprecedented delays. Organizations to do away with laborious and time consuming process. A strong understanding of ERP basics will help to know ERP benefits.

CONCEPTS OF ACCOUNTING There are Three Branches of Accounting Ø Financial Ø Cost Accounting or Control Accounting Ø Management Accounting or Decision Accounting

Financial or Trading Accounting That Branch of Accounting prepared for use to those who are outside the business is known as Financial Accounting. Under this system emphasis is on the ascertainment and exhibition of the profits earned or loss as well as the financial position of the business.

Management Accounting or Decision Accounting which is prepared to help managers to ran their business efficiently is called management accounting. This helps to managers in planning and decision making.

Cost Accounting or control Accounting. That branch of Accounting. Used to collect information for operations with a view to maximizing efficiency and profit is called.

Part 1 Level I BASICS OF ACCOUNTING Principles and rules of Accounting Journal Entries Ledger Daybook Purchase Daybook Sales Daybook Purchase Returns Daybook Petty cash Book Preparation of Bank Reconciliation Statement

Level 2 Finalization Procedure 1. Trial Balance 2. Trading Profit & Loss a/c 3. Manufacturing a/c 4. Income & Expenditure a/c 5. Receipt & payment a/c 6. Balance Sheet

Part II Level 1 Basics of Computer 1. Fundamentals of Computer 2. Windows 3. Typing Practice 4. MS Word 5. MS Excel

Part 3 Level I ‘ Tally’ ( Indian Concept) 1. Creating Groups 1. Creating Ledger 1. Creating Vouchers 1. Journal Entries Reports Balance Sheet , Trading Profit & Loss a/c , Trial Balance, Income & Expenditure Ledger , Cash book , Bank book.

Part 3 Level l. I F 11 Features : Accounting Features 1. Bill wise Details 2. Cost centre & Cost categories 3. Multi Currencies 4. Debit Notes / Credit Notes 5. Budgeting 5. Bank Reconciliation Statement

Part 4 Level 1 A. ERP Concept B. Classes for international Accounting (IFRS) C. Peachtree (International Accounting package (USA)) 1. 2. 3. 4. 5. 6. 7. 8. Chart of Accounts General Journal Entries Accounts with beginning balance Budgets Bank Reconciliation Customer Vendor Creating & Setting Inventory Items 1. 2. 3. 4. 5. 6. 7. 8. 1. 2. Financial Statements Payable a/c Receivable a/c Purchase order / Sales order Manufacturing a/c Trial balance Income statement Standard Balance sheet Part IV Project Exam

Part 3 Level l. II Inventory Features 1. Creating Inventory Groups 6. Manufacturing Journal 2. Categories 7. Invoicing 3. Stock Items 8. Purchase order / Sales Order 4. Multi Units 9. Vat computation / Vat Reports 5. Stock Journal 10. Branch accounting 6. Using Godowns

COURSE NO: II CERTIFICATE IN STOREKEEPING & INVENTORY MANAGEMENT STORES MANAGEMENT Introduction, Functions & Objectives of Storekeeping PART I (Theory) 1. Importance of stores management 2. Management & its function 3. Objectives & Importance of material 4. Scope & functions of storekeeping & purchasing 5. Departments closely linked to the stores department PART II Functions, levels, demand for casting 1. Important function 2. Factors under lying successfully, store keeping & its benefits PART III About store keeper and his merits THE STORE KEEPER: - 1. Meaning 2. Qualifications 3. Duties & responsibilities 4. Comparison between store keeper Vs cashier

Part V Types of Storehouse & Material Classification 1. Identification of stores & Types of Materials 2. Codification of Materials Part VI Documents used during purchase procedure Part. VII Store Accounting Receipt of Materials a. 1. Purchase Requisition b. 2. Purchase Enquiry c. 3. Suppliers Quotation 4. Comparative Statement e. 5. Purchase Order f. 6. Bill/Invoice g. d. h. Materials Receipt book Materials Receipt Notes Daily Receipt Voucher Damage /Storage/Exess Report Package slip Bin Card Stock Ledger Stock identification card

2. Inspection Of Materials 4. Verification Of Stores a) Purchase order a) Stock taking Sheet b) Daily Receipt Voucher b) Stock Valuation Sheet c) Inspection Note c) d) Rejection Note e) Bin Card d. Materials Transfer Note e. Materials Return Note f. Stock Ledger f) Stock Identification Card Material Control g) Stock Ledger Stock Day Sheet 3. Issue Of Materials Stock Ledger Card a) Material Requistion Slip Karex Card b) Bin Card c) Gate Pass Part. VIII d) Stock Ledger STOCK VALUATION e) Stores Advice Note FIFO LIFO Average Price Method

Unique features of the courses IACT Courses are designed with special feature to ensure rich cost Effective and supportive training to the students and provide a strong Career foundation. Courses Structure and Certificate The courses consist of Certificate and Diploma Courses ranging From one months to 8 months, only students passing the qualified Examination are eligible for the Certificate or Diploma. Certificate course is 1 to 6 months. Course Materials The courses materials are prepared by experts in each field and designed to suite the requirement of students which is also useful for further reference also. For all courses materials are supplied by IACT. MONITORING IACT have designed the scheme and syllabus, which are modified frequently to keep pace with the development of IT field. The Courses are monitored by the management. The state agencies conduct inspection at training centers to ensure that proposed standards are maintained. Feedback Mechanisms To get first feedback , personal interaction with students is encouraged. Internal tests assignments and practical session from a part of each course. IACT offers Best students to get scholarship. Other Details Job Training & Placement Services Job training and placement facility provided to support the students for entering the Domestic and international job markets is given by IACT using its links with various Busines establishments at trainig centres.

We proudly display the photographs name and address of students who are well placed in India and abroad after completed the computer course We assure you that we can do well in this training program so as to get the objective of govt. maintain the International standard of students.