Monthly Archive June 2018

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11th & 12th (Commerce) Accounts Coaching Classes in Lucknow

We provide professional coaching for 11th & 12th (Commerce) Accounts in Lucknow.

We have experienced faculty in the field of Commerce and Management Science with 8+ years of expertise in the field of Business Administration and Economics.

Here is the syllabus of Financial Accounting for Class 11th

This Syllabus is of CBSE Board

Part A: Financial Accounting – I (50 Marks)

Unit 1: Theoretical Framework

Introduction to Accounting

  • Accounting: objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
  • Basic accounting terms: business transaction, account, capital, drawings, liability (Non – current and current); asset (Non – current; tangible and intangible assets and current assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, stock, trade receivables (debtors and bills receivable), trade payables (creditors and bills payable), goods, cost, vouchers, discount – trade and cash.

Theory Base of Accounting

  • Fundamental accounting assumptions: going concern, consistency and accrual.
  • Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
  • Accounting Standards and IFRS (International Financial Reporting Standards): concept and objectives
  • Double entry system of accounting.
  • Bases of accounting – cash basis and accrual basis.

Unit 2: Accounting Process

Recording of Transactions

  • Accounting equation: analysis of transactions using accounting equation.
  • Rules of debit and credit: for assets, liabilities, capital, revenue and expenses
  • Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers – cash (debit and credit) and non cash (transfer).
  • Books of original entry: format and recording – Journal.
  • Cash Book: Simple Cash Book, Cash Book with Discount Column and Cash Book with Bank and Discount Columns, Petty Cash Book.
  • Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper.

Preparation of Bank Reconciliation Statement, Ledger and Trial Balance.

  • Bank reconciliation statement- calculating bank balance at accounting date: need and preparation. Corrected cash book balance.
  • Ledger – format, posting from journal, cash book and other special purpose books, balancing of accounts.
  • Trial balance: objectives and preparation

(Scope: Trial Balance with balance method only)

Depreciation, Provisions and Reserves

  • Depreciation: concept need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)
  • Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.
  • Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve and specific reserves.

Accounting for Bills of Exchange

  • Bills of exchange and promissory note: definition, features, parties, specimen and distinction.
  • Important terms : term of bill, due date, days of grace, date of maturity, discounting of bill, endorsement of bill, bill sent for collection, dishonour of bill, noting of bill, retirement and renewal of a bill.
  • Accounting treatment of bill transactions.

Rectification of Errors

  • Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
  • Detection and rectification of errors; preparation of suspense account.

Part B: Financial Accounting – II (40 Marks)

Unit 3: Financial Statements of Sole Proprietorship

  • Financial Statements: objective and importance.
  • Trading and profit and loss account: gross profit, operating profit and net profit.
  • Balance Sheet: need, grouping, marshalling of assets and liabilities.
  • Adjustments in preparation of financial statements : with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, manager’s commission, abnormal loss, goods taken for personal use and goods distributed as free samples.
  • Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship.
  • Incomplete records: use and limitations.
  • Ascertainment of profit/loss by statement of affairs method.

Unit 4: Financial Statements of Not-for-Profit Organizations

  • Not-for-profit organizations: concept.
  • Receipts and Payment account: features.
  • Income and Expenditure account: features. Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional information.

Scope:

  1. Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables, and sale of assets/ old material.
  2. Entrance/ admission fees and general donations are to be treated as revenue receipts.
  3. Trading Account of incidental activities is not to be prepared.

Unit 5: Computers in Accounting

  • Introduction to Computer and Accounting Information System {AIS}: Introduction to computers (Elements, Capabilities, Limitations of Computer system),
  • Introduction to operating software, utility software and application software. Introduction to Accounting Information System (AIS), as a part of MIS
  • Automation of Accounting Process. Meaning
  • Stages in automation
    • (a) Accounting process in a computerised environment; comparison between manual accounting process and Computerised accounting process.
    • (b) Sourcing of accounting Software; kinds of software: readymade software; customised software and tailor-made software; Generic Considerations before sourcing accounting software
    • (c) Creation of Account groups and hierarchy
    • (d) Generation of reports -Trial balance, Profit and Loss account and Balance Sheet.

Scope:

  • The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
  • It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers

Part C: Project Work (10 Marks)

Any One:

  1. Collection of Source Documents,Preparation of Vouchers, Recording of Transactions with the help of vouchers.
  2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.
  3. Comprehensive project starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance.The students will then prepare Trading and Profit and Loss Account on the basis of the prepared trial balance. Expenses, incomes and profit (loss) are to be depicted using pie chart / bar diagram.

 

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IoT Training in Lucknow

IoT Stands for Internet of Things. There has been a huge buzz about IoT recently. IoT has a potential of transforming future.

IoT requires sound knowledge of Embedded Systems and Website Coding Technologies.

What is IoT?

IoT is made up of two words primarily, Internet and Things. Things are Electronic Devices and when they are connected to internet to receive and send data a term Internet of Things is used to describe them.

There are 7 Billion Electronic Devices in the world and according to a research this number will be increases to 50 billion by the end of 2020. Most of these devices will be a part of IoT. IPV6 Protocol will be used to provide IP address to these devices.

Explanation:  Sensors and other devices are used to detect physical quantities such as:

  • Temperature,
  • Speed,
  • Luminous Intensity,
  • Pressure, etc.

Data detected from these physical quantities is converted into digital form or machine readable form by integrated circuits.

Digitalized data is supplied to computers by means of communication ports such as USB, Wifi, Bluetooth, Ethernet etc.

Applications or Software are designed to collect and display the data on VDUs.

Data can be transferred to Cloud Hosting Servers. Data on Cloud can be accessed from any other device connected to internet from any location in the world.

Consider an Example to better understand IoT:

You are wearing a smart watch that can detect your health parameters like Blood Pressure, Body Temperature etc. This data is also hosted on cloud and your doctor has the access to your health conditions. He can monitor, warn and consult you in case of problems.

Devices used to collect and convert data into usable formats are as follows:

  • Microcontrollers
  • Computer Peripherals
  • Arduino UNO
  • Shields and Sensors
  • Transducers
arduino-uno-for-iot

Arduino UNO Circuit Board Used for IoT projects

Where is IoT Used?

Internet of Things was first used in 1970 in the Computer Science department at Carnegie Mellon University. Since then IoT is used in following sectors:

  • Retail
  • Manufacturing
  • Transportation
  • Smart Infrastructure
  • Healthcare

What are the Applications of IoT?

IoT has following useful applications:

  • In Residential and Industrial Security Systems
  • Industrial Automation
  • Remote Access of Electronic Devices
  • Monitoring Health Parameters of Body
  • Vehicle Theft Protection

Syllabus of Internet of Things Training Course

This is an overview of the topics that are taught in IoT:

  • Introduction to Internet of things
  • Embedded Systems and their Applications
  • Shields Sensors and Transducers
  • Device Interfacing
  • Arduino UNO
  • Internet Protocols: HTTP
  • Web Development Basics

 

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Python Training in Lucknow

Slidescope provides professional Python Training in Lucknow. We have a team of experienced and skilled trainers with 8+ Years of experience in the field of Software Consulting, Training  and Programming.

What is Python?

Python is a general purpose high level programming language that is written in an interpreted way. It lets us work quickly and integrate systems more efficiently.

Python is a strong programming language that is used by websites like Youtube, Dropbox etc.

The philosophy of Python focuses on two points mainly:

  • Readability
  • Maintainability

Web applications can be created using Python on a server.

Syllabus of Python Training in Lucknow

  • Basic Syntax of Python
  • Declaring Variables in Python
  • Python Numbers
  • Casting in Python
  • Strings in Python
  • Operators in Python
  • Lists in Python
  • Python Tuples
  • Python Sets
  • Python Dictionaries
  • Python Conditions
  • Python While Loops
  • Python For Loops
  • Python Functions
  • Python Classes/Objects
  • Python Modules
  • Python Dates

File Handling in Python

  • Python File Handling
  • Python Read Files
  • Python Write/Create Files
  • Python Delete Files

Duration of Python Training Course: 3 Months

Who should join this Course?

Students or professionals who want to build their career in the field of Data Science, Data Mining or Data Analytics.

Students who want to become a Web Developer.

What are the minimum requirements to join this Python Programming course?

You must be a graduate or post graduate in any of the following:

  • BBA or MBA
  • BCA or MCA
  • BTech or Mtech
  • Msc Mathematics or Statistics