TRAINING SESSION ON TALENT MANAGEMENT

Our management sciences department (6th semester) conduct a training session on talent
management. In this session, we learn many things about the talent management. Basically
talent management means managing the ability, competency and power of employees within an
organization. Talent management is not only useful for organization but also for person himself
because it also helps to mange person own talent. So this session is important for all person
either they are belong to management sciences department or not.
Date and venue:
The training session took place on 25th April, 2019 at the auditorium of Rawalpindi University.
Committees:
This training session conducted with the help of different Committees such as:
Protocol committee
Finance committee
Marketing committee
Refreshment committee
Discipline committee
Media committee
Finance committee:
Our finance committee performs many tasks such as:
 Making of registration form
 Selling of registration form
 Collection of payments
 Designing of certificate
 Making of feedback form
 Maintaining records of all transactions
 Taking permission for all department HOD’s
 Making list of all girls who are participating in this session

Our finance committee consists of two groups. Each group contains three or four members.
 First group consist of three members. (Saima Rathor, Anum Farooq and Mahrukh Fatima)
 Second group consists of four members. (Sania Mumtaz, Tazara Rasheed, Momina Javed
and Mehwish Mazhar).
First group perform task such as making of registration and feedback form, collection of
payments, designing of certificate, selling of registration form and maintain records of all
transactions and participants.
Second group perform task such as selling of registration form and taking permission from all
departments HOD’s.
Journal entries of day to day transactions of our training session as follow:

Training session
Journal Entries
For the month of April, 2019

Date Account Title Debit Credit

17/4/19 Photocopy Cost (45*5) Rs.225
Cash Rs.225
(Photocopy of Registration Forms)

17/4/19 Cash Rs.4000

Registration Form Rs.4000
(Cash collected from sales of Registration Form)

18/4/19 Cash Rs.2500

Registration Form Rs.2500
(Cash collected from sales of registration form)

18/4/19 Advertising Expense Rs.500

Cash Rs.500
(Cash given to marketing department for advertisement
expense)

19/4/19 Cash Rs.2000

Registration Form Rs.2000
(Cash collected from sales of registration form)

19/4/19 Photocopy Expense (25*5) Rs.125

Cash Rs.125
(photocopy of registration form)

19/4/19 Protocol Expense Rs.2200

Cash Rs.2200
(Cash given to protocol committee)

20/4/19 Cash Rs.2500

Registration Form Rs.2500
(cash collected from sales of registration form)
22/4/19 Cash Rs.6500
Registration Form Rs.6500
(Cash collected from sales of Registration Form)

23/4/19 Cash Rs.2000

Registration Form
(Cash collected from sales of Registration form) Rs.2000

23/4/19 Certificate Expense (200*25) Rs.5000

Cash Rs.5000
Cost for making certificate for participant)

23/4/19 Certificate Expense (2*100) Rs.200

Cash Rs.200
(Cost of making Certificate for guests)

24/4/19 Refreshment Cost Rs.1150

Cash Rs.1150
(Cash given to refreshment committee)

24/4/19 Cash Rs. 300

Registration Form Rs.300
(Cash collected from sales of Registration Form)

25/4/19 Cash Rs.300

Registration Form Rs.300
(Cash collected from sales of Registration Form)

25/4/19 Certificate Expense Rs.2500

Cash Rs.2500
(Cost of making certificate For organizers)

25/4/19 Cost of cleaning pots Rs.150

Cash Rs.150
(cash given for cleaning of pots)

25/4/19 Other expense Rs.100

Cash Rs.100
(cash given for managing sound system)

25/4/19 Photocopy Expense Rs.350

Cash Rs.350
(cost of photocopy expense for feedback form)
 T accounts

Photocopy Expense Marketing Expense

Debit Credit Debit

17/4 225 Credit
kk
19/4 125 18/4 500
25/4 350

Balance 350 Balance 500

Rs.700 700
500 500

Protocol expense Certificate cost

Debit Credit Debit Credit

9/4 2200 23/4 5000
23/4 200
25/4 2500

Balance 2200 Balance 7700

2200 2200 7700 7700

 Refreshment cost Cost of cleaning pots

Debit Credit Debit Credit

24/4 1150 25//4 150

Balance 1150 Balance 150

1150 1150 150 150

100 100

Cash Registration form

Debit Credit Debit Credit
17/4 4000 17/4 225 17/4 4000
18/4 2500 18/4 500 18/4 2500
19/4 2000 19/4 125 19/4 2000
20/4 2500 19/4 2200 20/4 2500
22/4 6500 23/4 5000 22/4 6500
23/4 2000 23/4 200 23/4 2000
24/4 300 24/4 1150 24/4 300
25/4 300 25/4 100 25/4 300
25/4 150
25/4 2500 Balance 20100

Balance 7600 25/4 350

20100 20100
20100 20100

Balance 1200
 Other expenses

Debit Credit
25/4 100

Balance 100

100 100

Trial balance:

Training session
Trial balance
For the month of April, 2019

Account Title Debit Credit

Photo copy expense 700
Cash 7600
Marketing expense 500
Protocol Expense 2200
Certificate expense 7700
Refreshment expense 1150
Cost of cleaning pots 150
Other Expenses 100
Registration Form 20100
Totals 20100 20100
 TRAINING SESSION
INCOME STATEMENT
FOR THE MONTH OF APRIL, 2019

Revenue and gains Rs.

Sales Revenue 20,100
Total revenue &Gains 20,100

Expenses
Photocopy Expense 700
Marketing Expense 500
Protocol Expense 2200
Certificate expense 7700
Refreshment Cost 1150
Cost of Cleaning Pots 150
Other Expenses 100

Total expenses (12,500)

NET INCOME 7600