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BUSINESS MANAGEMENT
INTRODUCTION
The economic, social,
political and technological environments, in which we live continuously
demands from managers to change, improve and learn more about their jobs. The
study of "business management" is a relevant response to those
targets, which are required for practice of management.
Management is an exciting subject because it deals with setting, seeking, and
reaching objectives. We are all managers of our lives and practice of
management is found every where in human activities e.g.: schools, businesses,
government, unions, forces and families.
For management concept of organization is very important.
"Organization" means "two or more people who work together in a
structured way to achieve a specific goal or set of goals". For most of
our lives we are members of one organization or another: colleges, sports team
etc. All organizations also have some program to achieve their goals.
Organizations also acquire and allocate resources necessary to achieve their
goals. "Management" is basically the "Process of planning,
organizing, leading and controlling the work of organization members and of
using all available organizational resources to reach stated organizational
goals".
Establishing and achieving objectives are challenging and rewarding missions
for all organizations and it's necessary to overcome managerial hurdles for
success. Basically business management is meant to guide and to help the
managers to solve such problems.
The purpose of this subject is to prepare the managers of tomorrow to be
introducing them today to the issues they will face in their practical life.
This course outline contains introduction to management practice and its
evolution as well as it explores in depth the current issues that frame the
work place, environment and environmental awareness, ethics and social
responsibility, globalization, entrepreneur ship culture, diversity, and
multiculturalism and quality. It also recognizes the common roles and
responsibilities that managers share in their day to day business life.
OBJECTIVES:
Following are the main objectives of the course:
1.
Study of management makes human efforts more productive. It brings better
equipment, plans, offices,
products, services and human relations to our society.
2. Management brings order to endeavors by combining isolated events
and disjointed information into
meaningful relationships, which solve problems and accomplish goals.
3. Study of management is about how organizations are managed? More
specifically it is about how
managers can best help their organizations to set and achieve goals.
4. With the knowledge of how to manage human resources? Managers can set
the tone influencing the
attitude that employees have about their work.
5. The purpose of this study is acquiring current, relevant
management knowledge.
6. Management is meant to develop effective management skills to
maximize individual and organizational
productivity.
7. It is designed to succinctly educate the newly appointed managers
and provide a comprehensive, up to
date review for experienced practitioners.
COURSE
CONTENTS
UNIT: 1
INTRODUCTION AND ACCOUNTING CYCLE
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Definition of Accounting
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Accounting and Book Keeping
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Basic Accounting Terms
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Double Entry System Vs Single Entry System
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Accounting principles and Concepts
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Rules of Debit and Credit
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Journal, The Book of Original Entry
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Ledger, The Book of Final Entry
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Trial Balance
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Banking Transactions
UNIT: 2
SUB-DIVISION OF JOURNAL
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Single-Column Cash Book
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Double-Column Cash Book
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Triple-Column Cash Book
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Bank Reconciliation Statement
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Purchase Book
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Sales Book
UNIT: 3
BILL OF EXCHANGE, AND CAPITAL AND REVENUE
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Functions of Bills of Exchange
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Discounting of Bill, Bills for Collection
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Endorsement of Bill
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Retirement and Renewal of Bill
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Dishonor of Bill
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Capital Expenditure
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Capital Receipts
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Revenue Receipts
UNIT: 4
Final Accounts, The Completion of Accounting Cycle
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Trading Account
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Profit and Loss Account
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Balance Sheet
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Adjustment in Final Account
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Bad Debts Provision
UNIT: 5
COMPANY ACCOUNTS
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Introduction and Formation of Company
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Issuance of Shares
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Over-Under Subscription
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Issuance at Par
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Issuance at Premium
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Issuance at Discount
UNIT: 6
PARTNERSHIP
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Introduction
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Goodwill and its Treatment
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Admission of Partner
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Dissolution of Partnership
RECOMMENDED
BOOK'S:
-
Principles
of Accounting by M.A. Ghani. or M. Arif
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