RETC & IACT

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

2. 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.

3. “ Learn From The Masters To become a Master ”

4. Diploma in International Accounting Our Courses Certificate in Store keeping & Inventory Management

5. Diploma in International Accounting Approximately 120 Countries around the world currently permit IFRS (International Financial Reporting Standards). This includes European Union, HongKong , Australia, South Africa, Malaysia, The middle East, Russia , Singapore and Turkey. Starting 2011,many more countries including India will be moving over to IFRS. 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.

6. 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 • Balance sheet • Statement of comprehensive income • Cash flow statement • Statement of changes in equity • A description of accounting policies • 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.

7. CONCEPTS OF ACCOUNTING There are Three Branches of Accounting • Financial Accounting • Cost Accounting or Control Accounting • Management Accounting or Decision Accounting

8. 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.

9. Management Accounting or Decision Accounting 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.

10. 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.

11. basics of accounting Part 1 Level I • Principles and rules of Accounting • Journal Entries • Ledger • Daybook • Purchase Daybook • Sales Daybook • Purchase Returns Daybook • Petty cash Book • Preparation of Bank Reconciliation Statement

12. Level 2 • Finalization Procedure • Trial Balance • 2. Trading Profit & Loss a/c • Manufacturing a/c • Income & Expenditure a/c • Receipt & payment a/c • 6. Balance Sheet

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

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

15. Part 3 Level lI F11 Features : Accounting Features Bill wise Details 2. Cost centre & Cost categories 3. Multi Currencies 4. Debit Notes / Credit Notes 5. Budgeting 5. Bank Reconciliation Statement

16. Part 4 Level 1 A. ERP Concept B. Classes for international Accounting (IFRS) C. Peachtree (International Accounting package (USA)) • Chart of Accounts • General Journal Entries • Accounts with beginning balance • Budgets • Bank Reconciliation • Customer • Vendor • Creating & Setting Inventory Items • 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

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

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

19. Part V Types of Storehouse & Material Classification Identification of stores & Types of Materials Codification of Materials • Part VI • Documents used during purchase procedure • Purchase Requisition • Purchase Enquiry • Suppliers Quotation • Comparative Statement • Purchase Order • Bill/Invoice • PartVII • Store Accounting Receipt of Materials • Materials Receipt book • Materials Receipt Notes • Daily Receipt Voucher • Damage /Storage/Exess Report • Package slip • Bin Card • Stock Ledger • Stock identification card

20. 2.Inspection Of Materials • Purchase order • Daily Receipt Voucher • Inspection Note • Rejection Note • Bin Card • Stock Identification Card • Stock Ledger • 3. Issue Of Materials • Material Requistion Slip • Bin Card • Gate Pass • Stock Ledger • Stores Advice Note • 4. Verification Of Stores • Stock taking Sheet • Stock Valuation Sheet • Bin Card d. Materials Transfer Note e. Materials Return Note f. Stock Ledger • Material Control • Stock Day Sheet • Stock Ledger Card • Karex Card • PartVIII • STOCK VALUATION • FIFO • LIFOAverage Price Method

22. 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 trainigcentres.

24. 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.