Inspire Edu Solutions MOU with IAM

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Proposal to: The INSPIRE EDU SOLUTIONSfor CA-CPT

KNKTypewritten text#4, Zamorians SquareOpp. Railway StationLink RoadCalicut-673002PH: 0495 4062 666 097 47 49 6666Email: [email protected]

KNKTypewritten textRe-Engineering Professional Excellence

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IAM BUSINESS SCHOOL, The pioneer educational institution among the leadingprofessional colleges in Kerala, Started its voyage towards professional excellence in the year

of its existence IAM has moved swiftly ahead to carve a niche for itself as an institution promotingoverall excellence among the students. Fortunately students of India can bring an end to theirsearch for qualitative coaching point as IAM B School is all set to reach out their needs ofmeticulous coaching classes which is indeed a dream come true.

IAM B School has been contributing Quality professionals to the society and continuing the

offering quality exposure to enchanting world of the new generation corporate world. Apart from

education and cutting edge enterprise wide knowledge to youth , thereby enabling them to combatthe onslaught industry poses.

courses including national courses as Chartered Accounting(CA), Cost and ManagementAccountant(CMA),Company secretary ( CS) and international courses as Association of Charteredcertified Accountants (ACCA)UK , Certified Management Accountant (CMA)US, Chartered

The sincere efforts of our Management Team in creating state of the art infrastructure, dedicated

systematically developed procedures and processes and emphasis on personal development of

achieve the coveted ISO 9001:2008 certification in the year 2012.

About IAM BUSINESS SCHOOL

2009.Now IAM is in its 6th year of successful service in professional education. In this short span

same since 2009. Through industry oriented highly demanding new generation courses, we are

corporate world. The institution is striving hard to achieve excellence by imparting professionalmere education, we are molding professionals to face the challenges in the much competitive future

IAM B School is a new age, multi-disciplinary institution offering a portfolio of professional

Institute of Management Accountants(CIMA)UK, Diploma in International Financial Reporting(DipIFRS)UK Ensuring the right blend of academic rigor and business focus of the industry, theinstitution has transformed itself into a trend setter in professional education since 2009.

highly qualified senior faculty, disciplined campus, opportunity for co-curricular activities,

each student etc...earned quick reputation for the institution. This in turn, made it possible for us to

KNKTypewritten textTo create young professionals for a better and alternative society

KNKTypewritten textOUR VISION

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team work, group effort and increasing the self confidence level of the students to a next level andprofessionals of the future. We aims at enabling the students to learn about the group behavior,

approach to the studies. We aims at moulding a group of people who can lead the futuregeneration from the front. IAM Management, staff , faculties and students work as a family inorder

IAM B School prides itself in creating a congenial academic environment, conducive tolearning on the strength of most modern infrastructural facilities provided by the management anda highly motivated and competent team of faculty constantly endeavoring to mould world class

enabling them to approach the studies in a smart way than the conventional hard working

to achieve this goal and hopes that the group synergy can make wonders in the modern era ofcorporate and technological innovations.Let us put our hands together to plant the seeds sothat the future generation can rest on the shades of the banyan tree.

KNKTypewritten textOUR MISSION

KNKTypewritten textRe -Engineering the system of education by having a holistic approach professional training towards

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The Institute of Chartered Accountants of India (ICAI) is a statutory body established on1st July, 1949 by an Act of Parliament, viz., The Chartered Accountants Act, 1949, for regulatingthe profession of chartered accountancy in the country. The Institute functions under theadministrative control of the Ministry of Corporate Affairs, Government of India and has 5Regional Councils, 128 Branches covering the length and breadth of the country and 21 Chaptersabroad. Founded 64 years ago with just seventeen hundred members, the Institute has grown tocross the mark of 2,00,000 members and more than 10,00,000 students. It is the premieraccounting body in the country and the second largest in the world. The ICAI is managed by aCouncil consisting of 40 members out of whom 32 members are elected by CharteredAccountants and 8 members nominated by the Central Government. The Board of Studies isresponsible for administering the CA education and training and also all activities relating to theCA students.

Chartered Accountants are professional people who work in the field of business andfinance and their job encompasses areas like audits, taxation, company law, financial accountingand general management of companies. They can either work as self-employed professionals, orwork as employees in public or private sector. As an employee, a C.A.'s basic job is to maintainaccounts, complying the regulatory requirements and provide inputs on financial managements.As a professional, they do financial audits, give financial advice to the company or individual,advice the clients on tax planning, mergers and acquisitions and male management reports giving

About The INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

About Chartered Accountancy (CA) Qualification

KNKTypewritten textThe Institute of Chartered Accountants of India

KNKTypewritten text(Setup by an Act of Parliament)

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recommendations after mandatory audits.CA is the only professional course wherein practicaltraining is embedded with a high quality curriculum reckoning the contemporary businessdynamics. The standards maintained by the CA Institute with regard to expected knowledge of afresh CA is of the highest order wherein captains of business houses throng at CA institute catchthem all . Most lucrative packages are offered by the industries wherein the fresher can choosehis/her employer and not the other way round which is the case for other professional courses. Ifhard work is the mantra of the prospect, then the only destination is CA course.The CharteredAccountants are entrusted with substantial responsibility under various legislations such ascompulsory audit of the all companies, banks, stock brokers, big income-tax assesses, large bankborrowers, etc. This shows the confidence and trust reposed by the Government and society inthe profession. The society has increasingly recognized the services of CAs in the entire gamut ofmanagement consultancy services including management accounting, management informationand control system, international finance information technology and financial services sector.

High recognition in the Society. Chartered Accountants are required by every commercial enterprise. No post qualification gestation period. C. A. Course backed by theoretical and practical knowledge. During Articleship practical exposure is available. High remuneration prospects & Job Satisfaction. Course has constitutional support. C.A. course offered by ICAI has been ranked No. 2, worldwide.

CAREER PROSPECTUS

Chartered accountants provide trustworthy information about financial records. This might involvefinancial reporting, taxation, auditing, forensic accounting, corporate finance, business recoveryand insolvency, or accounting systems and processes.

Generally, they play a strategic role by providing professional advice, aiming to maximizeprofitability on behalf of their client or employer. They work in many different settings includingpublic practice firms, industry and commerce, as well as in the not-for-profit and public sectors.

In public practice firms, chartered accountants provide professional services to fee-paying clientswho might be private individuals or large commercial or public sector organizations.

In commerce, industry and the not-for-profit and public sectors, they may work in treasurymanagement, procurement and financial management or in reporting roles.

TYPICAL WORK ACTIVITIES

The role of a chartered accountant can cover many aspects of finance work, including:

continuous management of financial systems and budgets; undertaking financial audits (an independent check of an organisation's financial position); Providing financial advice.In public practice, tasks carried out by a chartered accountant include:

liaising with clients (individuals or businesses) and providing financial information and advice; reviewing the company's systems and analysing risk; performing tests to check financial information and systems; advising clients on tax planning (within current legislation to enable them to minimise their tax

liability) and tax issues associated with activities such as business acquisitions and mergers; maintaining accounting records and preparing accounts and management information for

small businesses (accountancy); advising clients on business transactions, such as mergers and acquisitions (corporate

finance); advising clients on areas of business improvement, or dealing with insolvency; detecting and preventing fraud (forensic accounting); Managing junior colleagues.In commerce and industry, and the public and not-for-profit sectors, work involves:

liaising with internal and external auditors and dealing with any financial irregularities as theyarise;

producing reports and recommendations following internal audits or public-sector audits; preparing financial statements, including monthly and annual accounts; preparing financial management reports, including financial planning and forecasting; advising on tax and treasury issues; Negotiating terms with suppliers.



ITTypewritten textCOMMON PROFICIENCY TEST (CPT)

ITTypewritten text1. FUNDAMENTALS OF ACCOUNTING (60 Marks)2. MERCANTILE LAW (40 Marks)3. QUANTITATIVE TECHNIQUE (50 Marks)4. GENERAL ECONOMICS (50 Marks)

ITTypewritten textExams in every JUNE and DECEMBER

ITTypewritten textObjective type questions

ITTypewritten textRequires 30% Marks to be scored individually & 50% In aggregate.1/4 Marks will be deducted for every wrong answer.

ITTypewritten text

ITTypewritten textINTEGRATED PROFESSIONAL COMPETENCE COURSE (IPCC)

ITTypewritten textGROUP 1


ITTypewritten text1. ACCOUNTING (100 Mark)2. BUSINESS LAWS, ETHICS AND COMMUNICATION(100 Mark)Business Law (60 Mark)Ethics (20 Mark)Communication (20 Mark)3. COST ACCOUNTING AND FINANCIAL MANAGEMENT(100 Mark)Cost Accounting (50 Mark)Financial Management (50 Mark)4. TAXATION(100 Mark)Income Tax (50 Mark), Service Tax(25 Mark) & VAT(25 Mark)

ITTypewritten text5. ADVANCED ACCOUNTING6. AUDITING AND ASSURANCE7.INFORMATION TECHNOLOGY AND STRATEGIC MANAGEMENTInformation technology (50 Mark)Strategic Management (50 Mark)

ITTypewritten textINFORMATION TECHNOLOGY TRAINIING (100 Hours)

ITTypewritten textORIENTATION PROGRAM (35 Hours)

ITTypewritten textARTICLESHIP TRAINING

ITTypewritten text3 YEARS OF ARTICLESHIP TRAINING

ITTypewritten textA student can also undergo audit training. Eight months of audit training is treated as equivalent to six months of articleship training.

ITTypewritten text1. FINANCIAL REPORTING (100 Mark)2. STRATEGIC FINANCIALMANAGEMENT (100 Mark)3. ADVANCED AUDITING &PROFESSIONAL ETHICS (100 Mark)4. CORPORATE & ALLIED LAW(100Mark)Company Law(70 Mark)Allied Law(30 Mark)



ITTypewritten text5. ADVANCED MANAGEMENT ACCOUNTING [AMA] (100 Mark)6. INFORMATION SYSTEM CONTROLAND AUDIT [ISCS] (100 Mark)7. DIRECT TAX LAW (100 Mark)8. INDIRECT TAX LAW (100 Mark)

ITTypewritten textIPCC and Final Exams are conducted in MAY and NOVEMBER every YearDescriptive exam for both IPCC and FinalStudent can Appear either One or Both group of IPCC and Final in each sessionRequires 40 % Individually and 50 % Aggregate to clear a group in IPCC and Final

ITTypewritten textROUTEMAP TO BE A

KNKTypewritten textEnroll for CPT after Passing 10th

KNKTypewritten textJoin for "IAM +2 Going" class while doing +2

KNKTypewritten textAttend CPT Crash class after appearing for +2 ExamsorAttend CPT Regular Class after +2 Results

KNKTypewritten textFINAL

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CA-CPT Syllabus

CA_CPT :: Common Proficiency Test[One paper: Four Sections - 200 marks]

SESSION I : (Two Sections Two hours 100 Marks)Section A : Fundamentals of Accounting (60 Marks)

Level of Knowledge :

Basic knowledge.

Objective . . .

a. To develop conceptual understanding of the fundamentals of financial accounting system.

Contents ...

1. Theroretical Framework

(i) Meaning and Scope of accounting(ii) Accounting Concepts, Principles and Conventions(iii) Accounting Standards concepts, objectives, benefits(iv) Accounting Policies(v) Accounting as a measurement discipline valuation principles, accounting estimates

2. Accounting Process

Books of Accounts leading to the preparation of Trial Balance, Capital and revenueexpenditures, Capital and revenue receipts, Contingent assets and contingent liabilities,Fundamental errors, including rectifications thereof.

3. Bank Reconciliation Statement4. Inventories

Basis of inventory valuation and record keeping.

5. Depreciation accounting


Methods, computation and accounting treatment of depreciation, Change in depreciationmethods.

6. Preparation of Final Accounts for Sole Proprietors7. Accounting for Special Transactions

(a) Consignments(b) Joint Ventures(c) Bills of exchange and promissory notes(d) Sale of goods on approval or return basis.

8. Partnership Accounts

Final accounts of partnership firms Basic concepts of admission, retirement and death of apartner including treatment of goodwill.

9. Introduction to Company Accounts

Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption ofpreference shares.


SESSION I : (Two Sections Two hours 100 Marks)Section B : Mercantile Law (40 Marks)


Basic knowledge.

Objective . . .

a. To test the general comprehension of elements of mercantile law.

Contents ...

1. The Indian Contract Act, 1872

An overview of Sections 1 to 75 covering the general nature of contract , consideration , other


essential elements of a valid contract , performance of contract and breach of contract.

2. The Sale of Goods Act, 1930

Formation of the contract of sale Conditions and Warranties Transfer of ownership anddelivery of goods Unpaid seller and his rights.

3. The India Partnership Act, 1932

General Nature of Partnership Rights and duties of partners Registration and dissolution ofa firm.


SESSION II : (Two Sections Two hours 100 Marks)Section C : General Economics (50 Marks)


Basic knowledge.

Objective . . .

a. To ensure basic understanding of economic systems, economic behaviour of individualsand organizations.

Contents ...

I. Micro Economics

1. Introduction to Micro Economics

(a) Definition, scope and nature of Economics

(b) Methods of economic study

(c) Central problems of an economy and Production possibilities curve.


2. Theory of Demand and Supply

(a) Meaning and determinants of demand, Law of demand and Elasticity of demand, Price,income and cross elasticity

(b)Theory of consumer s behaviour Marshallian approach and Indifference curveapproach

(c) Meaning and determinants of supply, Law of supply and Elasticity of supply.

3. Theory of Production and Cost

(a) Meaning and Factors of production

(b) Laws of Production - The Law of variable proportions and Laws of returns to scale

(c) Concepts of Costs - Short-run and long-run costs, Average and marginal costs, Total,fixed and variable costs.

4. Price Determination in Different Markets

(a) Various forms of markets Perfect Competition, Monopoly, Monopolistic Competitionand Oligopoly

(b) Price determination in these markets.

II. Indian Economic Development

5. Indian Economy - A Profile

(a) Nature of the Indian Economy

(b) Role of different sectors Agriculture, Industry and Services in the development of theIndian economy, their problems and growth.

(c) National Income of India Concepts of national income, Different methods ofmeasuring national income, Growth of national income and per capita income invarious plans.


(d) Basic understanding of tax system of India Direct and Indirect Taxation.

6. Select Aspects of Indian Economy

(a) Population Its size, rate of growth and its implication for growth

(b) Poverty Absolute and relative poverty and main programs for poverty alleviation

(c) Unemployment Types, causes and incidence of unemployment

(d) Infrastructure Energy, Transportation, Communication, Health and Education

(e) Inflation

(f) Budget and Fiscal deficits

(g) Balance of payments

(h) External debts.

7. Economic Reforms in India

(a) Features of economic reforms since 1991

(b) Liberalisation, Privatisation and Disinvestment

(c) Globalisation.

8. Money and Banking

(a) Money Meaning and functions

(b) Commercial Banks Role and functions

(c) Reserve Bank of India Role and functions, Monetary policy.



SESSION II : (Two Sections Two hours 100 Marks)Section D : Quantitative Aptitude (50 Marks)


Basic knowledge.

Objective . . .

a. To test the grasp of elementary concepts in Mathematics and Statistics and application ofthe same as useful quantitative tools.

Contents ...1. Ratio and proportion, Indices, Logarithms.

2. Equations

Linear simultaneous linear equations up to three variables, quadratic and cubic equations inone variable, equations of a straight line, intersection of straight lines, graphical solution tolinear equations.

3. Inequalities

Graphs of inequalities in two variables common region.

4. Simple and Compound Interest including annuity, Applications

5. Basic concepts of Permutations and Combinations

6. Sequence and Series Arithmetic and geometric progressions

7. Sets, Functions and Relations

8. Limits and Continuity, Intuitive Approach

9. Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)


10. Statistical description of data

(a) Textual, Tabular & Diagrammatic representation of data.

(b) Frequency Distribution.

(c) Graphical representation of frequency distribution Histogram, Frequency Polygon,Ogive

11. Measures of Central Tendency and Dispersion

Arithmetic Mean, Median Partition Values, Mode, Geometric Mean and Harmonic, Mean,Standard deviation, Quartile deviation

12. Correlation and Regression

13. Probability and Expected Value by Mathematical Expectation

14. Theoretical Distributions

Biomial, Poisson and Normal.

15. Sampling Theory

Basic Principles of sampling theory , Comparison between sample survey and completeenumeration , Errors in sample survey , Some important terms associated with sampling ,Types of sampling , Theory of estimation , Determination of sample size .

16. Index Numbers

We have coined the scholarship program to motivate the students to come ahead andreap the benefits of our courses. Our fee structure and scholarship program aretabulated below:

Fee Structure CA-CPT and CS-FoundationFee Details Amount (Rs.) RemarksAdmission Fee 500 Not under scholarship programMaterial Cost 1,000 Not under scholarship programTuition Fee 15,000 Eligible for scholarshipTotal 16,500

IAM offers a scholarship program for the students willing to apply for the CA-CPT andCS foundation. Prior to the enrolment of students IAM conducts a preliminary test of100 marks. The scholarship awarded to the students is linked with the marks securedin the said test. The scholarship amount is based on the percentage of marks obtained:

Marks GrossFeeScholarship

%ScholarshipAmount (Rs.)

Student PaysTuitionfees

MaterialCost

AdmissionFee Total

100 15,000 100% 15,000 - 1,000 500 1,50095-99 15,000 75% 11,250 3,750 1,000 500 5,25090-94 15,000 50% 7,500 7,500 1,000 500 9,00080-89 15,000 40% 6,000 9,000 1,000 500 10,50070-79 15,000 30% 4,500 10,500 1,000 500 12,00060-69 15,000 20% 3,000 12,000 1,000 500 13,50050-59 15,000 10% 1,500 13,500 1,000 500 15,000


TERMS AND CONDITIONS

invoice would be additional.

10. The proposal is valid for 15 days from the date of submission.11. IAM B School may showcase this implement as a case study in its marketing collaterals.

1. The Fees quoted above is exclusive of any taxes. Taxes as applicable on the date of

KNKTypewritten text2. INSPIRE EDU SOLUTIONS management is responsible for Administering and Facilitating the CA - CPT batch on behalf of IAM for a managing cost of Rs:100 / Student / Month.3. Responding to the phone calls on CPT queries and counseling the students for admission into CPT batch is the responsibility of INSPIRE EDU SOLUTIONS 4. Providing Classroom , Distribution of IAM Materials, Provision of adequate support essential for smooth functioning of the class is the responsibility of INSPIRE EDU SOLUTIONS.5. INSPIRE EDU SOLUTIONS is entitled for a rent of Rs:300 per day for the provision of facilities mentioned in (3)6. Payment terms: 50% at the time of Admission25% on 1st Sunday of the month of September 25% on 1st Sunday of the month of December7. The fees collected from the students should be deposited in IAM Bank Account on the very next day of collection or should be handed over to IAM Collection Executive on arrival.8. INSTITUTE OF ACCOUNTING AND MANAGEMENT STUDIES is entitled to revoke this agreement on non payment of collected fees to IAM.

KNKTypewritten text9. INSPIRE EDU SOLUTIONS is expected to standby the moral and ethical standards in conducting the course. IAM will not be , under any circumstances responsible for the consequences of any such actions from your side.

KNKTypewritten textProposal Submission Date: 29 / June/ 2015

KNKTypewritten textDuly Signed by: Mohammed Salih

Director

KNKTypewritten text IAM B School

KNKTypewritten textOffice seal

KNKTypewritten textProposal Acceptance Date:

KNKTypewritten textDuly Signed By:(Name & Designation)

KNKTypewritten textOffice seal

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Inspire Edu Solutions MOU with IAM