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.
The Department of Commerce (Morning) at The Bhawanipur Education Society College organized the event “No Earth, No Birth: Living in Harmony with Nature” on May 24th, 2023, at the Jubilee Hall. The event started at 10.30 am and aimed at raising awareness about environmental issues and promoting sustainable living. It consisted of a Poster Making …
“Tobacco kills. If you’re killed, you’ve lost a very important part of your life.” – Brooke Shield With this aim on 31st May, 2023, Anti Tobacco Day was celebrated by The NSS unit of The Bhawanipur Education Society College. Marking this occasion, the team organized an inter-college ‘Reel Making Competition’ at the Society Hall from …
Is mankind alone in the universe? Or are there somewhere other intelligent beings looking up into their night sky from very different worlds and asking the same kind of question? On Friday, 12th November 2021, 20 enthusiastic students from different streams, joined the discussion. The ice-breaking question was “What is an Alien?” After that, the …
The department of Bengali of The Bhawanipur Education Society College in collaboration with the department of Bengali of Lady Brabourne College, organized a two day international seminar on 17-18 January 2020 at the second floor auditorium of the college to celebrate the 125th Birth Anniversary of the renowned Bengali writer and novelist Bibhuti Bhushan Bandyopadhyay. …
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.
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