MBA

(Study Material) MBA Study Material | Consumer Protection

MBA Study Material | Consumer Protection

The Consumer Protection Act 1986 and its main provisions and features
Govt of India has made consumer protection act in 1986. The main aim is to protect consumers from immoral practice of business organizations. We see in general when a company or business concern becomes monopolize in market , then that company starts to get benefits of his monopoly powers by illegal ways. This law is very helpful to secure consumers and customers from such cheating and market frauds.

Main features of Consumer protect Act 1986
Under this act, consumers have right to get information of quality, quantity and price of products.
Under this act, consumer has power to sue in district forum and report or complaint against the cheating of businessmento the authorities and get remedies for this.
This act also awakes consumers regarding their rights and powers. In other words, it helps to educate consumers about his rights.
After spending one decade this act becomes more strict for all cheaters who commit cheating with consumers.

(Study Material) MBA Study Material | Accounting Standards

MBA Study Material | Accounting Standards

Accounting Standards in India – Simple Explanation -(AS 1 to AS 12 )

After becoming Indian Accounting standard board as the prime authority for making Indian Accounting Standard in 1977, it made Indian Accounting Standards in 1979. These are also called Indian GAAP. This board also made many amendments in these Accounting standards. I have already made AS 1 to AS 32 content list in General Accepted accounting principles (GAAP) article. But I could not write its simple explain. So, today, this tutorial is just simple explanation of Accounting Standard especially for students who are doing chartered Accountancy in India and accountants who is practising accounting profession in India .

1. Accounting Standard 1(AS 1)
(Disclosure of accounting policies)
This accounting standard guides to company accountants for making their companies financial statements. After making financial statement, it should disclose all financial information of business because business of company is not the business of one man. It is also duty of accountant to make and disclose also extra accounting policy if company is using different depreciation, stock and investment valuation method. This accounting standard is made also for public interest and providing them full financial information. After they can take the decision of investment by purchasing the shares of company from stock exchange.

(Study Material) MBA Study Material | Legal Acts of Business

MBA Study Material | Legal Acts of Business

Legal environment of business in India and List of Different Indian Acts which affect business
Legal environment of business means all factors relating to laws and legal orders which affect business and its working.
Business must be operated under the rules and regulation of different laws of India. The following is the list of main laws which affect business.

1. Indian contract act 1872
2. Indian sale of goods act 1930
3. Indian partnership act 1932
4. Industrial dispute Act 1947
5. Minimum wages act 1948
6. Indian companies act 1956
7. Foreign exchange regulation act (FERA ) 1973
8. Foreign exchange management act 1999
9. Monopolies and restrictive trade practice act 1969
10. Consumer protection act 1986
11. Indian income tax act 961
12. Central excise act 1944
13. Security exchange board of India act 1992
14. Banking regulation act 1949
15. Chartered accountant act 1949
16. Information technology act 2000
17. competition act 2002
18. right to information act 2005
19. Micro, Small and Medium Enterprises Development Act,2006
20. Commissions for Protection of Child Rights Act,2005

(Study Material) MBA Study Material | Balance Sheet

MBA Study Material | Balance Sheet

How to prepare Consolidated Balance Sheet of Holding Company
Under Indian Company Act , there is no need to prepare combined or consolidated final accounts of holding and subsidiary company in the books of holding company but holding company attaches the copy of balance sheet , one copy of profit and loss account and one copy of audit report of subsidiary company with his final accounts . But for showing true financial position, often holding company prepare consolidated balance sheet. It is easy to understand that consolidated balance sheet is a balance sheet in which all the assets and liabilities of holding company and subsidiary company are added with each other but practically, it is tough to make consolidated balance sheet of holding and subsidiary company.

Steps for preparing consolidated balance Sheet of the holding company and its subsidiary company.

1st Step
Add all the assets of subsidiary company with the assets of holding company. But Investment of holding company in Subsidiary company will not shown in consolidated balance sheet because, investment in subsidiary company will automatically adjust with the amount of share capital of subsidiary company in holding company.

2nd step
Add all the liabilities of subsidiary company with the liabilities of holding company. But Share capital of subsidiary company in holding company will not shown in the consolidated balance sheet in the books of holding company. Because, this share capital automatically adjust with the amount of the investment of holding company in to subsidiary company.

(Study Material) MBA Study Material | World Organisations

MBA Study Material | World Organisations

World Organizations

What is IMF ?
IMF is UNO recognized international monetary fund or reserve which helps its members. It established in 1946 after bretton wood meeting. It has 185 members across the all nations but soviet Russia and its member are not linked with IMF. All work is done by its board of directors which is made by board of governors. Every country’s finance minister is as the governor from his respective country. There are two type directors in board of directors of IMF. One is quota and other is non quota. USA, UK, Germany and India are quota country and one member is taken in board of directors and other from non quota countries. Total no. of directors are 20.

(Study Material) MBA Study Material | Shares and Stocks

MBA Study Material | Shares and Stocks

How to calculate the value of Share
Value of share means that price of share which can be sold in the market. If a company’s shares are not quoted in stock exchange , then there is need to calculate value of share

There are also following situation for valuation of share :-

Ist Situation : When debentures or pref. Shares are converted into shares at that time it is necessary to calculate value of share.

2nd Situation : When shares are given as a gift, at that time also need to calculate value of share for paying gift tax. Gift tax is calculated on the total value of Shares .

3rd Situation : When loan is given on security of shares at that time calculation the value of shares is done by accountant.

Method of valuation of Share
There are two method of valuation of shares.

(Study Material) MBA Study Material | Elements of Business Environment

MBA Study Material | Elements of Business Environment

Main Elements or factors of Business Environment

Micro business Environment:
This is also known as internal business environment because business has power to control them. In this environment, factors can be divided with following way.

]1st Supplier
A supplier provides raw material to business. This is also main factor of business environment because, it affects business very closely. If supplier delay to supply raw material or stop to supply. At this time production of business can be stopped due to not getting raw material. So, for controlling this factor, it is the duty of businessman to make good relation with more than one supplier so that, if one stop or delay at this time, goods can be purchased from other supplier.

(Study Material) MBA Study Material | Business Environment

MBA Study Material | Business Environment

Definition of Business
Business means all economic activities which is done for the motive of earning. In these activities, we can include production, manufacturing, purchasing and selling and other market promotion activities. Commerce, trade and aids to trades and enterprise are also included in business.

Truthful facts about business:-

1. Richest person of the world = Bill Gates
Net worth in USD = $ 40.0 billion
Business = Microsoft
2. Oldest company is Kongo Gumi of Japan in the world and its business is construction . This company started his business in 578 in company form.

Concepts of Business Environment

There two concept of business:-

1st Economic concept of business
This is oldest concept of business and according to this concept; main aim of business is to earn profit and never to do any other work. Under this concept, every legal and illegal and scams and fraud are the necessary for doing highest profit from business. Because in old time, there is no competition and trend to earn money is by any way. But now this concept is totally failed and bear a new concept which is successful in world business market.

2nd Social concept of business:-
According to this concept, business’s all activities are done for making stable customers and make them satisfied. Now, all business organization is understood this point and making social networking for promoting business. Even all big business organization is communicating with general public by the way of twitter and face book and linkedin (35 million registered business profiles).

(Admission) Admission For MBA At Kurukshetra University 2010

Admission For MBA At Kurukshetra University 2010

Introduction: The total number of seats in MBA 5-Year Integrated Practice-Oriented Programme is 50. The admission for these 50 seats will be subject to reservation rules of the University/State Government.

Eligibility: The minimum qualifications for admission to the course is :
For General and BC Candidates: 10+2 from a recognized Senior Secondary Board of Education or an equivalent Examination having at least 50% marks in aggregate with English as one of the subjects. For SC/ST candidates: 10+2 from a recognized Senior Secondary Board of Education or an equivalent Examination with Minimum Pass Marks and English as one of the subjects. There shall be strictly no rounding of percentage of marks of the qualifying examination i.e., 50% means exact percentage. Thus, 49.5% or above does not mean 50%. The course is open only to whole time students and not for employed persons including the Self-Employed.
How To Apply: Applications are to be submitted on the prescribed Application Form appended in this Prospectus; alternatively it can also be downloaded from Kurukshetra University Website http://www.kukinfo.com Last date for receipt of complete Application for M.B.A. (5-Year Programme) in the office of Institute of Management Studies is 10th June, 2009 (Wednesday). Applications not addressed to the Director, Institute of Management Studies, K.U.Kurukshetra and received after the last date and time prescribed in the Schedule even sent through Registered/Speed/Ordinary Post etc. will not be entertained and grossly rejected.

Admission Procedure: Admission to the 1st Semester of MBA-5 Year (Integrated Practice Oriented Programme) for the batch 2009-2014 shall be made according to the merit based on total marks obtained by the candidates in the Entrance Test (80%), Group Discussion (10%) & Interview (10%). The Interview and Group Discussion are essential components of admission for which a list of short listed candidates shall be prepared keeping in view the reservation policy and number of seats in each category from amongst those who appeared in the IMSAT (Entrance Test). Five times of the number of seats in respective categories on merit basis of the score of IMSAT (Entrance Test) shall be shortlisted for Group Discussion and Interview. The list of shortlisted candidates shall be displayed on the Notice Board of the Institute and also on the University website www.kukinfo.com No separate Call Letters will be sent for Group Discussion and Interview.

Contact Numbers: 01744-238258, EPABX 01744-238410, 238629, 238196, 238679 Extn. 2955.

Website: www.kukinfo.com