Year: 2015

Dr. N. K. Sharma explains the meaning of Entrepreneurship that Entrepreneur is an Innovator and change agent who searches for a Commercial Opportunity in the problems within his Environment and find a constructive & commercially viable solution for it. He cited the example of World Trade Centre catastrophe of 9/11 and explained how the Chinese Entrepreneurs found a Business opportunity in it also. He also explained the basic difference between an ordinary businessman and an Entrepreneur by citing the example of an NRI Multimillionaire Lady known as ‘Curry Queen’ in England. He also emphasized the need for developing the Entrepreneurship culture in India so that not only the unemployment problems of the educated youth could be solved but also he could become an employment generator rather than employment seeker. If Govt. spends merely 10% amount of total educational budget on development of Entrepreneurship in India, we could be at par with China in Industrial growth & generation of national wealth. He also gave the tips to the budding Entrepreneurs that there is no substitute for taking calculated risks in starting an Enterprise and keep the spirit of ‘Persistence’ and have patience, the sweet fruit will reap one day.

This Video is based on Share holder funds, Equity funds and difference between Provision and Reserves by Dr. Sanjay Biyani, The famous Charted Accountant and an educationist. In this he explains about the share holder funds, Equity funds which are actually the funds which belong to the share holders. To calculate shareholder’s funds, you need to know the amount of assets and liabilities of the company. Then subtract the total amount of liabilities from the total amount of assets. Debit Funds are the term which includes the outsider funds like loan, public deposit and Debentures. Surplus are often confusing terms these are funds which Retained in business in the form of Capital revenue Reserves, Tangible assets are those which have their Physical existence and Intangible assets are like copyright, Patency , goodwill and trademark and the another terms are Provision and reserves In which provision is created by Debiting the profit and loss account and It is not available for distribution as dividend among share holders while Reserves are created by debiting the profit and loss appropriation account.