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Tuesday, June 9, 2009

Spot Trade

Spot Trade
The purchase or sale of a foreign currency or commodity for immediate delivery. Spot trades are settled "on the spot", as opposed to at a set date in the future. Futures transactions that expire in the current month are also considered spot trades.

 

Transportation Sector

Transportation Sector
A category of stocks relating to the transportation of goods or customers. The transportation sector is made up of airlines, railroads and trucking companies.

 

Monday, June 8, 2009

Proft/Loss

Profit/Loss
Profit = Selling price — Cost price and
Loss = Cost price — Selling price

 

Drawings

Drawings
The amount used by the owners of the business for personal purposes.

 

Capital

Capital
The amounts with which a business is started is called Capital.

 

Business

Business
Business implies something that is carried on with a motive to earn profit.

 

Wednesday, December 24, 2008

Certificate in Accounting Technicians (CAT) Course

Institute of Cost and Works Accountants of India (ICWAI) has introduced a Certificate in Accounting Technicians (CAT) Course of one year duration for 12th (10+2) passed students.

Number of Parts in CAT course —

It contain two parts.

(1)   Foundation Course (Entry Level)

(2)   Competency Level

Training Programs in CAT Course

(1)   Computer Training (60 Hours)

(2)   Practical Training (6 Months)

(3)   Orientation Training Programme (15 Days).

Language Feasibility in CAT Course

(1)   English

(1)   Hindi.

Exams conducted under CAT Course are:-

Foundation Course (Entry Level)
Paper 1:Organization and Management Fundamentals
Paper 2:Accounting
Paper 3:Economics and Business Fundamentals
Paper 4:Business Mathematics and Statistics Fundamentals

Competency Level
Paper 5:Financial Accounting
Paper 6:Applied Statutory Compliance

 

The Student who have passed/appearing 12th Class (10+2) examination are eligible to take admission in Foundation (Entry Level) Part-I of CAT Course.

Graduates and Foundation Passed students of ICWAI & CAT are eligible to take direct admission in Competency Level (Part-II).

Note: Simultaneous appearing in Entry Level and Competency Level is not allowed for a CAT Course.

Course Fee

Complete Course is Rs. 8,600/-.

ICWAI Foundation passed students and Graduates is Rs. 6,500/-.

However, these students are required to pay exemption fee of Rs. 2000/- (Rs. 500 per paper).

Course Fee includes Registration Fee, Tuition Fee, Computer Training Fee, Training Registration Fee and Study Material Cost.

It has been decided that there will be no postal coaching for CAT student. Only Oral Coaching mode will be followed, students eligibility for examination will be based on attendance (more than 70% of Classes attended).

Further, there will be no coaching completion Certificate for CAT Course.

Examination : Examination for CAT Course will be similar to ICWAI main Course with respect to date of Registration, validity of Registration, date of submission of Examination form, Examination date, Examination centres and passing marks etc.

Computer Training:- The Computer Training will be for sixty hours. The training will be in Accounting software, windows etc.

Practical Training:- The Practical Training will be for six months. The training can be taken from organizations prescribed under training scheme of CAT Course.

Orientation Training:- The Orientation Training will be for 15 days. After completion of Accounting Technicians course of both Part-I and Part-II and requisite practical Training of 6 months and Computer Training, a student needs to undergo Orientation Training Programme for 15 days at a Regional Council/ Chapter/ Oral Coaching Centre.

Last Date for Admission

For June Term Examination

18th December of previous year

For December Term Examination

26th June of same year