Accounting OER

7/30/2019 Accounting OER

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NIOS OER Project

OER Frame work

Name of OER Developer: Anand Gosavi

Institution- Vigyan Ashram Pabal

E mail [email protected] Mobile No. 9960865463 Tel. No.

02138 292326

Course Rural Technology Standard-Subject- Engineering
mailto:[email protected]:[email protected]


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Concept and Concept map:


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Introduction

Every business from the small companies, big companies, organizations or governments

are maintaining accounts and through the accounts they are estimating their budgets

for the next year. The budget is the soul of every business.Our state / centralgovernment also declared a budget for every year. Our mother and father also prepare

a budget for next week / month / year. We are also estimating time for our study.

PowerPoint Link

Please click here for viewing PowerPoint presentation on types of

budgeting

From this slide, the learner will be able to know following things

Types of Budgeting

Estimation

Quotation

Cash Flow

Activity 2 Your mother is going to purchase vegetables from the market you want to go with

her but she put a condition that first you prepare a Estimate which vegetables your family need

for a week, so prepare a estimate with the help of your mother .

Mini Activity - On the day of your birthday you want to give a party for all your friends so you

have asked your mother to prepare poha for ten people. She has agrees to make poha but on this

condition:

You must prepare a list of materials for cooking the poha, agree the price rates with the market
http://www.slideshare.net/vigyanashram/budgeting-25906021http://www.slideshare.net/vigyanashram/budgeting-25906021


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Quotation Activity

Quotation A

Quotation B

ANAND COPUTERAGENCY

QUOTATION

PABAL, Tal. Shirur, Dist - Pune

412403, Phone - 9960865463

To,

Mr.Rajendra Dengale

Nimgaon Jali, Sanganer

P.O. DateRequis itioner Shipped VIA F.O.B. Point Terms

Qty Unit Description Unit Price Total

1 1

P-IV COMPUTER WITH 2.6GHZINTEL PROCESSOR

MOTHERBOARD, 1GB RAM,160GB HARD DISK,ATX

CABINET, KEYBOARD , MOUSE,15" MONITOR ,CD ROM

16500.00 16500.00

SHIPING COST EXTRA IFAPPLICABLE

PER UNIT

SUB TOTAL16500

0.00 0.000.00

SALES TAX

SHIPING

OTHER

TOTAL 16500.00

AUTHORIZED BY Date

SAI COPUTER SURVICEQUOTATION

Shirur, Dist - Pune

412441, Phone - 8986088685

To,

Mr.Rajendra Dengale

Nimgaon Jali, Sanganer

P.O. DateRequisitioner Shipped VIA F.O.B. Point Terms

Qty Unit Description Unit Price Total

1 1

P-IV COMPUTER WITH

2.6GHZ INTEL PROCESSORMOTHERBOARD, 2GB RAM,

250 GB HARD DISK,ATXCABINET, KEYBOARD ,

MOUSE, 19" MONITOR ,CDROM

17500.00 17500.00

SHIPING COST EXTRA IFAPPLICABLE

PER UNIT

SUB TOTAL

175000.000.000.00SALES TAX

SHIPING

OTHER

TOTAL 17500.00

AUTHORIZED BY Date

Which is a cheaper quotation? A or B

NOTE

At the time of study of Quotation we should be focus on not only the cost but also you should

check the specification of product.

Activity 4: -Given below are 2 quotations for computers. I want to buy a computer. I got two

quotations from two different shops as shown below .Please suggest me which is the


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Question

When is estimation given to customer and when is the quotation given to customer?

Examples of Cash flow statement

Powerpoint links

Please click here for the PowerPoint link for cashflow example

This slideshow demonstrates a simple cashflow statement through a example of making

pickles

Assignment

Considering this case, prepare a cash flow statement for the following case

Case of a poultry where a owner is given order two months in advance

1. If an order of a batch of Broiler birds is given 2 months in advance then only the fulfillment is

assured and full payment needs to be done at the time of booking.

2. The sale amount is received within 15 days from the day of sale.

3. The order for the Poultry food is to be given 15 days in advance.

4. Medicines and cages are available immediately.

Hence, the owner prepared a Cash Flow Statement as follows table 1 -

Month November December January February

ExpensesOrder for Birds -

540.00

Cage purchase -

2000.00

Food - 1280.00

Medicine - 200.00

Bird of batch 2 -

540.00

Received batch 1

Food - 1280

Revenue

Initial

investment -

5000.00

Sold batch 1

Balance 5000.00 - 540.00 4460.00 - 3280.00 = 1180.00 - 740.00 440.00 - 1280.00 =
http://www.slideshare.net/vigyanashram/cash-flow-examplehttp://www.slideshare.net/vigyanashram/cash-flow-example


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= ??? ??? = ??? ???

From the statement given above, perform the calculation in balances and determine which

month the poultry owner gained profit

Costing

Costing is calculation of actual production expenses and revenues of a certain task . A Cost-

Benefit Ratio is calculated to study whether the benefit is sufficient with respect to the Cost of the

product or service. The overall costing includes -

1. Pre-production expenses (Marketing Survey, advertisement etc.),

2. The production expenses (from raw material purchase to packing of finished product,

depreciation of assets, running expenses etc.) ,

3. Expenditure for Sale of the product (inclu. VAT or other taxes, advertisement,

commissions, transportation etc.),

4. Profit (Manufacturer - 10%, Distributor - 1% -5%, Wholesaler - 10% -15%, Retailer -

10% -20%)

Exercise - Have you completed the practical of welding? Now we wants to fabricate a

table as per the following drawing, first Prepare a budget for making a Coconut Peeler,

as per the contemporary rates.

Students Will going through the PPT of Costing and then they doing the exercise

Powerpoint Presentation of Costing

Additional links and Activity

After completing the Activity you can refer this link

The above link demonstrates a classroom table preparation. Please refer the costing part of this

activity

Please click here for PowerPoint presentation on costing
http://www.learningwhiledoing.in/?page_id=251http://www.slideshare.net/vigyanashram/costing-25009425http://www.slideshare.net/vigyanashram/costing-25009425http://www.learningwhiledoing.in/?page_id=251


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After completing these topic students will be prepare Profit loss statement

of coconut peeler

How to make Profit & loss Statement

Balance sheet shows health of the organization. Income statement also called as profit and lossstatement (P&L), gives company'sfinancial statementfor particular period. This shows if the

organization has made profit or loss during particular period.

Amount spend on fixed assets is not shown in the P&L statement. But interest on the capital

invested is shown in the P&L statement.

PowerPoint Presentation of profit and loss example

Please click here to view the presentation demonstrating profit and loss in an simple example

Activity to do for learner :- At the end of the PowerPoint slide, there is an assignment given

Summary of the chapter

Estimation is given by the seller when the customer has not made mind for purchasing

Quotation is a time bound and surety of the price for customer as well as the seller.Quotation

is based on estimation and it helps customer select best option

Cashflow statement is a schedule showing cash received and cash paid at any particular

instant of time

Costing is the calculation of exact production expenses and revenues of a particular task

Balance sheet shows whether the company has made profit or loss in a particular period

Activity Visit to poultry shed and understand how the farmer keep poultry

record. Then give him suggestion for keeping better record if any

Disclaimer:

The content displayed in the presentation is made for students, teachers and volunteers of Vigyan Ashram for learning

Rural Technologies. They have made extensive use of web resources while making the presentation .They are instructed

to use open source content on the website
http://en.wikipedia.org/wiki/Financial_statementhttp://en.wikipedia.org/wiki/Financial_statementhttp://en.wikipedia.org/wiki/Financial_statementhttp://www.slideshare.net/vigyanashram/profit-and-loss-25010833http://en.wikipedia.org/wiki/Financial_statementhttp://www.slideshare.net/vigyanashram/profit-and-loss-25010833


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Material shared is for educational purpose and no commercial transaction is involved

Vigyan Ashram is not responsible for any omission or misrepresentation of information. We will be happy to do correction

if it is brought to our notice.

Accounting OER

Documents

Transcript of Accounting OER