This was a very important event in the calendar of the events of the college as together with the ICAI, EIRC, the college was able to organise a much focused discussion on 11th December and 13th December, 2020.
The event became more significant as on its eve Tata Consultancy Services Ltd. (TCS) was on the campus interviewing the students who could understand financial statements. The theme of the two day workshop was interpretation of financial statements. Many of our students who had attended the workshop could clear the test with TCS which was a matter of pride for both the collaborating bodies.
The workshop also gave an opportunity to three faculties of the college namely CA Ankit Patwari, CA Priti Modi and CA Harshvardhan Sanghi who for the first time got a chance to speak at the platform of The Institute of Chartered Accountants of India. The students who attended were overwhelmed. All in all it became a win-win situation for the speakers, the participants, the organiser and the recruiter.
On 11th December, 2020 CA Nitesh Kumar More, the Chairman of ICAI, EIRC and Prof. Dilip Shah were present. On this day, CA Hari Ram Agarwal, Regional Council Member, ICAI, EIRC briefed the participants on the following aspects –
Importance of Financial Statements, Auditor’s Report and Director’s Report for the investors
Discussion on the disclosures given in the Director’s Report
Understanding Auditor’s Report – Audit Opinion, Basis for Opinion, Auditor’s Responsibility, Report on Other Legal & Regulatory Requirement
Elements of Companies (Auditor’s Report) Order, 2016
Interpretation of Notes on Financial Statements
On 13th December, 2020, faculties from the college CA Ankit Patwari, CA Priti Modi and CA Harshvardhan Sanghi shared valuable inputs on the components of Financial Statements. The Financial Statements of a Public Limited Company was taken as a reference through which the various parameters of Balance Sheet, Profit and Loss Statement and Cash Flow Statement were explained –
Balance Sheet – discussion on various components of Balance Sheet, understanding of financial ratios for making fundamental analysis and investor’s perception for stock market
Profit and Loss Statement – parameters like Sales and Other Income, Purchase of goods, Employee Benefit expenses, Finance Cost, PBT, EPS and the like were discussed
Case studies of Flipkart and Paytm were used to explain that even if Companies are incurring losses, their valuation can be high and in case of IPO, shares can be oversubscribed and that too at a premium. Hence, profits are important but what also matters is the vision of Company and their penetration in the market.
Cash Flow Statement – making risk assessment, understanding leveraging position, use of ratio analysis for fundamental analysis by the investors.
The Workshop ended with a note of thanks to all concerned.
Decades of research link creativity with the intrinsic motivation to learn. When students are focused on a creative goal, they become more absorbed in their learning and more driven to acquire the skills they need to accomplish it. As the saying goes, “Creativity is intelligence having fun” we often witness several fun fairs where ideas …
Chapter I – Healthcare Management The Department of Commerce has envisioned ‘Career Talks – A Series’, over a period of two months (April ’23-May ’23) particularly for the semester VI students who are soon to leave the guided threshold of the college and venture into professional space. This is perhaps the most befitting time to …
Keep your Study Abroad Dreams Alive! On 13th June 2020, from 04:00 PM onwards, The Bhawanipur Education Society College, in collaboration with IDP Education, Kolkata was proud to present a webinar on managing students’ studying abroad dreams whilst the COVID -19 pandemic rampaged throughout the world. The esteemed speaker was Ms. Chandrani Mukherjee (Destination Manager, …
The Department of Commerce (Afternoon & Evening Section) organized a series of students’ webinars between the 30th of July and the 31st of August, 2020. As many as sixteen webinars were conducted over the Google Meet platform The categorization was done on the basis of semester and session.Respective mentors thguided their mentees through the process. …
Understanding and Interpreting Financial Statements
This was a very important event in the calendar of the events of the college as together with the ICAI, EIRC, the college was able to organise a much focused discussion on 11th December and 13th December, 2020.
The event became more significant as on its eve Tata Consultancy Services Ltd. (TCS) was on the campus interviewing the students who could understand financial statements. The theme of the two day workshop was interpretation of financial statements. Many of our students who had attended the workshop could clear the test with TCS which was a matter of pride for both the collaborating bodies.
The workshop also gave an opportunity to three faculties of the college namely CA Ankit Patwari, CA Priti Modi and CA Harshvardhan Sanghi who for the first time got a chance to speak at the platform of The Institute of Chartered Accountants of India. The students who attended were overwhelmed. All in all it became a win-win situation for the speakers, the participants, the organiser and the recruiter.
On 11th December, 2020 CA Nitesh Kumar More, the Chairman of ICAI, EIRC and Prof. Dilip Shah were present. On this day, CA Hari Ram Agarwal, Regional Council Member, ICAI, EIRC briefed the participants on the following aspects –
On 13th December, 2020, faculties from the college CA Ankit Patwari, CA Priti Modi and CA Harshvardhan Sanghi shared valuable inputs on the components of Financial Statements. The Financial Statements of a Public Limited Company was taken as a reference through which the various parameters of Balance Sheet, Profit and Loss Statement and Cash Flow Statement were explained –
The Workshop ended with a note of thanks to all concerned.
Related Posts
Reveal’ 22
Decades of research link creativity with the intrinsic motivation to learn. When students are focused on a creative goal, they become more absorbed in their learning and more driven to acquire the skills they need to accomplish it. As the saying goes, “Creativity is intelligence having fun” we often witness several fun fairs where ideas …
CTS I REPORT
Chapter I – Healthcare Management The Department of Commerce has envisioned ‘Career Talks – A Series’, over a period of two months (April ’23-May ’23) particularly for the semester VI students who are soon to leave the guided threshold of the college and venture into professional space. This is perhaps the most befitting time to …
EXPLORING THE PROS AND CONS OF STUDYING ABROAD AMIDST PANDEMIC
Keep your Study Abroad Dreams Alive! On 13th June 2020, from 04:00 PM onwards, The Bhawanipur Education Society College, in collaboration with IDP Education, Kolkata was proud to present a webinar on managing students’ studying abroad dreams whilst the COVID -19 pandemic rampaged throughout the world. The esteemed speaker was Ms. Chandrani Mukherjee (Destination Manager, …
Students’Webinar
The Department of Commerce (Afternoon & Evening Section) organized a series of students’ webinars between the 30th of July and the 31st of August, 2020. As many as sixteen webinars were conducted over the Google Meet platform The categorization was done on the basis of semester and session.Respective mentors thguided their mentees through the process. …