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.
“Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” – Niccolo Machiavelli The Bhawanipur Education Society College in collaboration with IIT Kharagpur and NSHM Knowledge Campus organized Entrepreneurship Awareness Drive (EAD) on 11th October, 2023 from 2:00 pm. to 7:00 …
Quoting the famous Marianne Wilson “Every ending is a new beginning”, a convocation holds the same meaning for Be-ites. Nothing can match the thrill of returning to college, meeting old friends, gushing through the corridors – reminiscing old days and getting rewarded for the hard work one puts in throughout college life. The Graduation Felicitation …
The College’s collective Vox Populi organised a debate session for the newbies! The students were given the topic “I was born intelligent, education made me a fool.” The present system of education somehow hinders students to think beyond the facts. The debate commenced at 11 am with a motivating speech by Prof. Dilip Shah. He …
The Department of History of The Bhawanipur Education Society organized a lecture on November 26, 2022, entitled ‘The Sleuth and the City: Historicizing the Fictional Detective and Urban Modernity.’ Mr. Arup Ratan Samajdar, CWTT, Department of Film Studies, BESC, was the session’s speaker. The lecture began at 2:30 pm in Room No. 547 with a …
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
Entrepreneurship Awareness Drive (EAD) 2023
“Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage.” – Niccolo Machiavelli The Bhawanipur Education Society College in collaboration with IIT Kharagpur and NSHM Knowledge Campus organized Entrepreneurship Awareness Drive (EAD) on 11th October, 2023 from 2:00 pm. to 7:00 …
Graduation Felicitation Ceremony Class of 2021-2022
Quoting the famous Marianne Wilson “Every ending is a new beginning”, a convocation holds the same meaning for Be-ites. Nothing can match the thrill of returning to college, meeting old friends, gushing through the corridors – reminiscing old days and getting rewarded for the hard work one puts in throughout college life. The Graduation Felicitation …
Controvert
The College’s collective Vox Populi organised a debate session for the newbies! The students were given the topic “I was born intelligent, education made me a fool.” The present system of education somehow hinders students to think beyond the facts. The debate commenced at 11 am with a motivating speech by Prof. Dilip Shah. He …
The Sleuth and the City: Historicizing the Fictional Detective and Urban Modernity
The Department of History of The Bhawanipur Education Society organized a lecture on November 26, 2022, entitled ‘The Sleuth and the City: Historicizing the Fictional Detective and Urban Modernity.’ Mr. Arup Ratan Samajdar, CWTT, Department of Film Studies, BESC, was the session’s speaker. The lecture began at 2:30 pm in Room No. 547 with a …