Category Archives: bcom acca

Department of Commerce (Honours) ACCA organized a VALUE ADDED COURSE ON “Accounting Assessment Techniques” from 14.02.2023 to 23.02.2023 at 114 of Annexure Block. Prof. Nandini Balaji ACCA, Faculty, International Skill Development Corporation (ISDC), Bangalore, acted as the course expert. The purpose of this value added course is to assist the students to discharge their responsibilities effectively to ensure that suitable assessment procedures and check whether the candidates admitted to the membership are appropriately qualified. This assessment course considers the key concepts, summarized evaluation, non – prescriptive fashion, relevant assessment to test different capabilities and competencies, on all aspects. Totally, 13 students of III ACCA participated and got benefitted through this course.

Department of Commerce (Honours) ACCA and Institution’s Innovation Council (IIC) jointly organized a Seminar on “Entrepreneurial Finance” on 03.02.2023 at Seminar Hall of our college premises. The Resource Person, Dr. N. Selvalakshmi, Assistant Professor, Department of Commerce (SF), Mannar Thirumalai Naicker College, (Autonomous), Madurai, shared her experience to the students. She motivated the students to think of the entrepreneurial finance as the process of acquiring capital and making financial decisions for a new venture or startup. On starting a company, entrepreneurs dedicate a majority of their time securing the funds to make their vision a reality. This involves approaching of investors and seeking loans that can allow them to launch operations and acquire resources. Funding may be provided by friends, family, venture capitalists, angel investors, banks and other sources. Totally 51 students and 7 Faculty members participated and got benefitted by attending this program.

Department of Commerce (Honours) ACCA visited Sakthi Sugars Ltd., Sivagangai Unit, Padamathur B.O., Sivagangai on 31.01.2023 (Tuesday). The main objective of the visit was to provide a technical exposure to the students about the manufacturing process and technology. This visit was organized during the annual maintenance period of the sugar factory. So, the students got a rare and great exposure to the details of the sugar manufacturing technology and bagasse based power generation technology, by witnessing the dismantled machineries and equipment. Totally, 49 students from ACCA along with 3 faculty members visited the factory.

Royal Charter Association of Commerce (Honours) ACCA organized a Webinar on “Principles of Investing” on 12.01.2023 (Thursday) at 2.30 PM, through Google Meet (link: meet.google.com/dtv-mwtv-mhw). The Resource Person, Mrs. Marina Jose Kanjikal, BSE-Investor Protection FUND (BSE-IPF), insisted that the program is to introduce students into the world of investing, with emphasis on how to choose the right company and highlighting the common mistakes made by the investors. Totally, 42 students participated and got benefitted through this program.

Department of Commerce (Honours) ACCA and Institution’s Innovation Council (IIC) jointly organized a Workshop on “Industry 4.0 Revolution for Startups” on 21.12.2022 at Hall No. F31 of our college premises. The Resource Person, Dr. S.V.Suraj Sundara Shankar, MBA., Managing Partner & Business Development Head, M/s. S.V.S. Foods & M/s. Velmart Enterprises, Madurai shared his experience to the students. He motivated the students to think of the Industry 4.0 as an information specialist. He shared that the innovation move should be raised to help the monetary, social development, the promotion of startups, generation of employment, and wealth creation. Totally 51 students and 7 Faculty members participated and got benefitted by attending this program.

Department of Commerce (Hons) ACCA visited Venus Home Appliances Pvt. Ltd., Senthilampannai, Thoothukudi – 628103 on 03.12.2022 (Saturday). It is the leading manufacturer of water heaters in India. Venus provides a wide range of water heaters in India that include electric instant water heaters, electric storage water heaters, gas water heaters, solar water heaters and heat pump water heaters. It also strives to design, manufacture and supply water heaters and accessories to national and international standards. Then, all students were taken to the factory to see all the operations of Water Heater Manufacturing, Raw material section, Quality checking unit, packaging section and accounts department. Totally, 38 students from I, II and III ACCA along with 3 faculty members visited the factory.

   Royal Charter Association of Commerce (Honours) ACCA organized a “Seminar on IFRS for Business Reporting” in commemoration of “International Accounting Day” on 10.11.2022 at Seminar Hall. The program commenced with a prayer song. The association members hosted the program. The Presidential address was delivered by Dr. D.Selvaraj, Head of the Department, Commerce (Honours) ACCA. He informed that, every year on November 10, we celebrate International Accounting Day. The day of honour is declared in 1494 when Italian mathematician, Father of Accounting “Luca Bartolomeo de Pacioli” wrote a book with bookkeeping procedures. The Resource Person, Dr.  G.Venkatesan, Assistant Professor, Department of Business Administration, Sona College of Arts & Science, Salem, briefed on the significance of the celebration and the main objective of IFRS is to develop the public interest of a single set of high quality, understandable and enforceable global accounting standards. It requires high quality, transparent and comparable information in financial statements and other financial reporting to help the participants in the world’s capital markets and other users make economic decisions. Totally, 52 students motivated and benefitted through this program.

Mr. J.Sanjay and Ms. B.Kothaiandal, of B.Com., (Honours) ACCA 2019 Batch, successfully passed the Knowledge Level Examination in ACCA papers of Financial Reporting (F7) and Financial Management (F9) conducted by The Association of Chartered Certified Accountants (ACCA) UK on 31.10.2022. They are going to appear for Auditing & Assurance (F8) ACCA paper and they have applied for a job to work with various MNCs in India. The academic performance is highly appreciable and career guidance is given by our Professors, Principal and the Management. The Department of Commerce (Honours) ACCA appreciated the remarkable performance of Mr. J.Sanjay and Ms. B.Kothaiandal in the ACCA Exams.

 

An exclusive Orientation Program for ACCA (UK) course was conducted for the First year students of B.Com. (Honours) ACCA (2022-25 Batch), Subbalakshmi Lakshmipathy College of Science, Madurai. The program was organized by the International Skill Development Corporation (ISDC), Bengaluru scheduled on 27.10.2022 at 11. AM. The Speaker of the Session, Ms. S.Subathra, Academic and Operation Support Associate, International Skill Development Corporation (ISDC), Bengaluru presented the keynote address enlightening the students with various aspects of ACCA and its integration in the syllabus. She discussed different modules in the ACCA program like, Ethics and Professional Skills Module while highlighting the key features. She projected a clear understanding of the Awards that can be won from ACCA on completion of papers. She discussed the Registration requirements and other documentation procedures to be followed. She gave instructions regarding the examinations and the period within which they are conducted. She provided details on the fees and the mode of payment. She emphasised various ways through which the student can reach out to them and receive their full fledged guidance and support. The event concluded with an interactive question and answer session in which the students had actively participated and got their doubts clarified. Finally, our Head of the Department, Dr. D. Selvaraj expressed his gratitude towards the ISDC committee for their valuable time and energy to put forth such a knowledgeable and informative session. He further thanked them for their exemplary efforts in providing support to the students and helps them reach great heights of success. Totally, 18 students of I ACCA participated and got benefited through this program.

 

Department of Commerce (Honours) ACCA of Subbalakshmi Lakshmipathy College of Science, Madurai, organized a VALUE ADDED COURSE ON “FINANCIAL OPERATING STATEMENTS” from 07.10.2022 to 15.10.2022 at Hall No. 114, SLCS Annexure Block. The course expert was Prof.V.M.Mansoor ACCA, Faculty, International Skill Development Corporation (ISDC), Bangalore. A lecture was given on operating statement which is used to assess a company’s performance and financial position. He also explained financial statement, balance sheets and cash flow statements. Operating statements summarize a company’s revenues and expenses for a given accounting period. This value added course helps to complete the ACCA F7: Financial Reporting knowledge level paper. Totally, 22 students of II ACCA participated and got benefitted through this course.