Professional Documents
Culture Documents
Course Title:
Financial Accounting 1st Year B.B.A. (hons.)
Course Instructor:
Mr. Md. Bazlur Rahman
Presented By
Mizanur Rahman Azizul Hoque Kowshik Das Gupta Samsad Chowdhury Washim Kabir (Soton) 5421 5343 5425 5424 5393
Presentation on
New Business Plan
Table Of Content:
About the organization
Objectives
Business plan Organizational chart Our activities Opportunities Strategic planning. Finding and financial statement Conclusion Reference
Business plan:
Our business plan is divided into two categories: Business plan
Marketing plan
Operating plan
Marketing plan:
The marketing plan of MAKS executives development center is going through three points that are as follows:
Marketing Plan
Competitive advantages
Pricing
Promotional plan
Competitive advantages:
Greater response from customer. Dominating on the market at the beginning. To keep control over the competitors in its whole life. Large scale of revenues by offering lower price. Best image will be created as a new business in its whole life.
Pricing:
Admission fee revenue tk. 2500 from each trainee for computer course. Admission fee revenue tk. 1500 from each trainee for writing ability course. Admission fee revenue tk. 3000 from each trainee (for customer dealing, organizational behavior, English speaking and technical assistance course. Monthly revenue tk. 1200 from each trainee for computer course. Monthly revenue tk. 800-1000 from each trainee for writing ability course
Promotional Plan:
Daily advertising in a regional print media. Sometimes advertising in national print media Contract based advertising in CCL channel Arranging seminar in Muslim Institute, Hotel Jaaman auditorium, Port area and other places. Inviting the executives of various Bank, Insurance company, Industrial firm and other business organization by sending our trainee collection managers. Advertising in bill board, sign board, leaflet.
Operating Plan
The operating plan of MAKS executives development center is going through three points that are as follows:
Operating Plan
Location
facility
operating equipment
management
Location:
Chittagong is a industrial development and commercial area. Our MAKS is situated at GEC more in Chittagong.
Facility:
A lot of trainee will be found here. A lot of trainer also available here Our span of management also suitable for this business.
Operating equipment:
Central air condition Computer lab Hand writing learning tools.
Organizational Chart:
Top Management Marketing manager Trainer collection Manager Finance and Accounting Manager Operating Manager
Supervisors
Supervisors
Supervisors
Supervisors
Finance manager
Accounting Manager
Our Activities:
Computer course Customer dealing English speaking Organizational behavior Writing ability Technical assistance
Business Opportunity:
From the organizational point of view:
It is situated in an industrial development area. Chittagong is the commercial capital of the country. Availability of unskilled and inexperienced executives and managers as trainee. Availability of large scale of industrial firms and multinational company. Low risk. Probability of satisfactory profit. Good communication location.
Only Expert Can Survive in the world
Objectives:
To develop the organization behavior of executives To develop the power of customer dealing To offer technical assistance To create employment opportunity To obtain satisfactible profit.
January 8: Advertisement fee in CCL channel Tk. 3000. January 8: Paid taka 5000 for opening a website. January 12: Opened a bank account in Standard charted bank with tk.100000. January 16: Paid the price of Photostat machine which was purchased on account. January 20: Cash Tk. 20000 expenditure occurred for arranging a seminar as the publication of MAKS in Muslim Hall. January 28: Paid Tk. 15000 cash to various university teaches and chief executive officers of various firm and other tk. 5000 will be paid after 5 days. January 31: Received Tk. 10000 as the revenues from the trainee and Tk. 5000 revenues offered on account. January 31: Tk. 300000 deposits in the bank. Only Expert Can Survive in the world
February 1: Received Tk. 40000 cash from the trainee who took admission in English course and another Tk. 60000 took as admission from those who took admission in the batches of customer dealing. February5: A six months contract costing Tk. 9000 with the daily purbokhun where per day cost in Tk. 50 paid full agreement cost with a cheque. February6: Paid salary to employees Tk. 14000 and another Tk. 6000 occurred on account. February8: Deposit Tk. 50000 in Standard chartered Bank. February8: Paid office rent Tk. 5000. February9: Paid electricity belll Tk. 6000. February10: Paid water and gas Bill Tk. 1000. February10: Paid water and gas Bill Tk. 1000. Only Expert Can Survive in the world
February10: Paid water and gas Bill Tk. 1000. February 15: Paid Tk. 240 paper bill of daily prothom alo February 15: Received Tk. 40000 cash from the trainee for taking admission in organizational behavior batch. February 16: Paid Tk. 6000 of salary payable of feb. 6. February 28. Purchase additional office furniture Tk. 10000 and additional two computer and one air-conditioned machine Tk. 100000 by Tk. 110000 cheque. February 28: Received service revenue from the trainee Tk. 75000 February 28: tk. 100000 deposit in the bank.
March 1: Paid Tk. 25000 to the trainer. March 5. Paid electricity bill Tk. 10000. March 6: Water and Gas bill paid Tk. 1000. March 10: Paid salary to employees Tk. 10000 March 10: Received admission fee from those who took admission in English speaking batch Tk. 30000. March 10: Paid office rent Tk. 5000. March 15: Withdraw from bank Tk. 20000 for owners March 20: Withdraw from bank Tk. 5000 for business. March 22: Sold old newspaper and collect Tk. 60. March 23: Bank created service charges Tk. 200. March 30: Collect Tk. 100000 as monthly revenues from the trainee. March 31: Purchase office supplies on account Tk. 12000, paid Tk. 35000 to the trainer and other Tk. 10000 remain as payable. March 31: tk. 150000 deposit in the bank.
Particular
Cash Bank loan Capital Furniture Cash Office equipment Cash Account payable
Ref. Debit
1100000
Credit
200000 900000
Jan.1
Jan.2
Jan. 3
Office supplies Cash Account payable Cash Admission fee revenue Advertising expense Cash Web designing cash
12000
8000 4000 60000 60000 3000 3000 5000 5000
Jan. 31
Jan. 31
Bank Cash Account payable Cash Seminar expense Cash Honorarium expense Cash Honorarium payable Cash Account receivable Service revenues Bank Cash
100000
100000
35000 35000 20000
20000
20000 15000 5000
10000 5000
15000 300000 300000
Feb. 8
Feb. 8
Feb. 9
Feb. 10
Cash Admission fee revenues Prepaid advertising expense Cash Salary expense Cash Salary payable Bank Cash Rent expense Cash Electricity expense Cash Water and gas expense Cash
100000
100000
9000 9000 20000
14000 6000
50000 50000
5000
5000 6000 6000
1000
1000
Feb. 28
Feb. 28
Account payable Cash Miscellaneous expense Cash Cash Admission revenue Salary payable Cash Furniture Office equipment Bank Cash Service revenue Bank Cash
4000
4000
240 240 40000
40000
6000 6000 10000 100000 110000 75000 75000
100000
100000
Honorarium expense Cash Electricity expense Cash Water and gas expense Cash Salary expense Cash Cash Admission fee revenue Rent expense cash Withdraw Bank
25000
25000
10000 10000 1000
1000
10000 10000 30000
30000
5000 5000 20000
20000
Mar. 31
Cash Bank Cash Miscellaneous revenue Bank charge Bank Cash Service revenue Supplies Honorarium expense Account payable Cash honorarium payable Bank Cash
5000
5000
60 60 200
200
100000 100000 12000 45000 12000 35000 10000 150000 150000
Cash
Date
2007 Jan. 1 Jan. 1 Jan. 1 Jan. 2 Jan. 3 Jan. 5 Jan. 8 Jan. 8 Jan. 12 Jan. 16 Jan. 20
explanation
Bank loan Capital Furniture's Office equip. Office supplies Admission fee Advertising exp Web design Bank Accounts pay. Seminar exp
Ref Debit
200000 900000
Credit Balance
Debit Credit 200000 1100000 1050000 550000 542000 602000 599000 594000 494000 459000 439000
Jan. 28 Jan. 31. Jan. 31 Feb. 1 Feb. 5 Feb. 6 Feb. 8 Feb. 8 Feb. 9 Feb. 10 Feb. 15 Feb. 15 Feb. 15 Feb. 16 Feb. 28
Honorarium exp Service revenue Bank Admission fee Pre paid adv. Salary exp Bank Rent expense Electricity exp Water and gas Admission fee Accounts pay Miscellaneous expense Salary payable Service revenue
15000
10000
300000 100000 9000 14000 50000 5000 6000 1000 40000 4000 240 6000 75000
424000 434000 134000 234000 225000 211000 161000 156000 150000 149000 189000 185000 184760 178760 253760
Feb. 28 Mar. 1 Mar. 5 Mar. 6 Mar. 10 Mar. 10 Mar. 10 Mar. 20 Mar. 22 Mar. 30 Mar. 31 Mar. 31
Bank Honorarium exp Electricity exp Water and gas Salary expense Rent expense Admission fee Bank Miscellaneous revenue Service revenue Honorarium expense Bank
153760 128760 118760 117760 107760 102760 132760 137760 137820 237820 35000 202820 150000 52820
Furniture
Date
2007 Jan. 1 Feb. 28
explanation
Cash Bank
Ref. Debit
50000 10000
Credit
Balance
Debit 50000 60000 Credit
Office equipment
Date explanation Ref. Debit
500000 35000 100000
Credit Balance
Debit 500000 535000 635000 Credit
Office supplies
Date
2007 Jan. 3 Jan. 3 Mar. 31
Credit
Balance
Debit 8000 12000 24000 Credit
Admission revenue
Date explanation Ref. Debit Credit Balance
Debit 60000 100000 40000 30000 Credit 60000 160000 200000 230000 2007 Jan. 5 Cash Feb. 1 Cash Feb. 15 Cash Mar. 10 Cash
Seminar expense
Date
2007 Jan. 20
explanation
Cash
Ref. Debit
20000
Credit Balance
Debit 20000 Credit
Honorarium expense
Date
2007 Jan. 28 Jan. 28
Mar. 1 Mar. 31 Mar. 31
Balance
Debit 15000 20000
45000 80000 90000
Credit
Honorarium payable
Date
2007 Jan. 28 Mar. 31
Credit
5000 10000
Balance
Debit Credit 5000 15000
Web designing
Date
2007 Jan. 8
Balance
Debit 5000 Credit
Advertising expense
Date
2007 Jan. 8
explanation
Cash
Ref. Debit
3000
Credit
Balance
Debit 3000 Credit
Bank account
Date
2007 Jan. 12 Jan. 31 Feb. 8 Feb. 28 Feb. 28 Feb. 28 Mar. 15 Mar. 20 Mar. 23 Mar. 31
Credit Balance
Debit 100000 400000 450000 440000 340000 440000 420000 415000 414800 564800 Credit
Account receivable
Date explanation
2007 Jan.31 Service revenue
5000
5000
Service revenue
Date
2007 Jan. 31 Jan. 31 Feb.28 Mar. 30
explanation
Cash
Account receivable
Ref. Debit
Credit
10000 5000 75000 100000
Balance
Debit Credit 10000 15000 90000 190000
Cash Cash
Bank loan
Date
2007 Jan. 1
explanation
Cash
Ref. Debit
Credit
200000
Balance
Debit Credit 200000
Capital
Date
2007 Jan. 1
Credit
900000
Balance
Debit Credit 900000
Accounts payable
Date
2007 Jan. 2
Credit
35000 4000
Balance
Debit Credit 35000 39000 4000 16000 12000
35000 4000
Salary expense
Date
2007 Feb. 6 Feb. 6 Mar. 10
explanation
Cash Salary payable Cash
Ref. Debit
14000 6000 10000
Credit Balance
Debit Credit 14000 20000 30000
Salary payable
Date explanation Ref. Debit Credit Balance
Debit 6000 Credit 6000 2007 Feb. 6 Salary expense Feb. 16 Cash
6000
6000
Rent expense
Date explanation Ref. Debit Credit Balance
Debit 5000 5000 5000 10000 Credit 2007 Feb. 8 Cash Mar. 10 Cash
Electricity expense
Date
2007 Feb. 9 Mar. 5
explanation
Cash Cash
Credit
Debit
Balance
Credit 1000 2000
Miscellaneous expense
Date explanation Ref. Debit
240
Credit Balance
Debit 240 Credit
Miscellaneous revenue
Date explanation Ref. Debit Credit
Debit 60
Balance
Credit 60
Drawing
Date
2007 Mar. 15
explanation
Bank
Ref. Debit
20000
Credit
-------
Balance
Debit 20000 Credit
Bank charge
Date explanation Ref. Debit Credit
Debit
Balance
Credit
200 --------
200
Trail balance
Sl. No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Accounts title Cash Furniture Office equipment Office supplies Admission revenue Seminar expense Honorarium expense Honorarium payable Web designing Advertising expense Bank Account receivable Ref. Debit 52820 60000 635000 24000 230000 20000 90000 15000 5000 3000 564800 5000 Credit
13. 14. 15. 16. 17. 18 19. 20. 21. 22. 23. 24. 25. 26.
Service revenue Bank loan Capital Accounts payable Pre paid advertising expense Salary expense Salary payable Rent expense Electricity expense Water and gas expense Miscellaneous expense Miscellaneous revenue Drawing Bank charge
190000 200000 900000 12000 9000 30000 ------10000 16000 2000 240 60 20000 200 1547060
1547060
Adjustment entries
1. 2. 3. 4. Calculate depreciation 5% on furniture and office equipment. Tk. 5000 interest payable is due for payment next month. Supplies on hand totaled Tk. 1500. Tk.10000 salary is due for payment.
Accounts title
Cash Furniture Office equipment Office supplies Admission revenue Seminar expense Honorarium expense Honorarium payable Web designing Advertising expense Bank Account receivable Service revenue Bank loan
Ref.
Debit
52820 60000 635000 1500
Credit
230000 20000 90000 15000 5000 3000 564800 5000 190000 200000
15. 16. 17. 18 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33.
Capital Accounts payable Pre paid advertising expense Salary expense Salary payable Rent expense Electricity expense Water and gas expense Miscellaneous expense Miscellaneous revenue Drawing Bank charge accumulated depreciation on furniture Depreciation on furniture Accumulated depreciation on equipment Depreciation on equipment Interest expense Interest payable Supplies expense
900000 12000
9000 40000
10000 10000 16000 2000 240 60 20000 200
3000
3000 31750 31750 5000
5000
22500 1596810 1596810
Conclusion:
We think as a completely new business our MAKS executives development center has achieved great response from various business firms executives and managers and also achieved a satisfactory margin ( Tk. 175508) within a short time. So the entrepreneurs of Bangladesh can establish this business with a little capital focusing on the following motto
Contact us:
House#58, Road# 5 O.R. Nizam R/A, East Nasirabad, CTG. Cell: 01818978043. 01912512027. 01816250499. 01818188953. E-mail: especially maks @ gmail. com