Career Training Program on “Accounting for Finance”

Title of the Session:Career Training Program on “Accounting for Finance”
Organizer Commerce (Honours)ACCA and ISDC, Bangalore
Date : 13.07.2022 to 23.07.2022 Time:Evening 5 pm. to 7 pm
Mode of the Session : Online Venue: Zoom Meet

Link: https://us02web.zoom.us/j/87207177799?

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Expert / Speaker Details:
Name: Prof. Disha Kabra Designation: Faculty
Organisation:International skill development corporation (ISDC), Bangalore
Objective(s) of the activity: 

a)      To reveal the profits and losses of the business.

b)      To provide a true and fair view of the business.

c)      To providerelevant information related for business operations to stakeholders.

d)     Tomeasure the business profitability for a particular period and disclose the net profit or loss of the business as a whole.

e)      To exhibit the Assets and Liabilities of the business.

Key Highlights:

The expert gave training which,

a)      Focuses on the carrier aspects in various business fields.

b)      Focuses on the presentation of historical records and not on forecasting the future.

c)      Focuses on the transaction that a business enters into with external parties, such as customers, suppliers, etc.

d)     Focuses on the accounts prepared for quantifying the business, costs incurred as expenses, and profit or loss earned based on these transactions.

Outcome(s) of the activity:

a)      Students got a deep insight of business career possibilities.

b)      Students came to know about the Financial Accounting undertaken with a pre-specified periodic reporting schedule.

c)      Students were well informed that the availability and accessibility of financial accounts is public for those who want to know about a business and its performance.

d)     Students were able to prepare reliable financial statements and decisions can be based on the objectives.

Participants Details:

v Total No. of students participated: 22 (First Year ACCA 2021 Batch)

Industrial Visit to Parle Biscuit Factory, Kappalur, Madurai

Title of the Session: Industrial Visit to Parle Biscuit Factory, Kappalur, Madurai
Organizer Commerce (Honours) ACCA
Date : 08/07/2022 Time: 10.30am – 12.30pm
Mode of the Session : Offline Venue: Kappalur, Madurai
Organisation:  Parle Biscuit Factory, Kappalur, Madurai
Objective(s) of the activity: 

a)      To explore knowledge and understand work culture.

b)      To develop fundamental knowledge of a manufacturing unit.

c)      To analyse manufacturing process of a Food based industry.

d)     To upgrade the quality awareness of organisation environment.

Key Highlights:

a)      Well disciplined workmen and organisation.

b)      Enhances hygiene conscious as it is a food industry.

c)      Systematized Machineries & mass production.

Outcome(s) of the activity:

a)      Students learned basic ideas about Food Industry.

b)      Students got start up understanding of organisation culture.

c)      Students acquired knowledge on how high quality cookies are made.

Participants Details:

v Total No. of students participated: 19 (Second Year ACCA Students)

v Total No. of staff (Teaching / Non-Teaching) participated: 02

World IPR Day Celebration – “Seminar on IPR & Innovation for Better Future”

Department of Commerce (Honours & ACCA) and Institution Innovation Council (IIC) jointly organized a Seminar on “IPR & Innovation for Better Future” in commemoration with the World Intellectual Property Rights (IPR) Day Celebration on 31.05.2022 at Seminar Hall of Subbalakshmi Lakshmipathy College of Science, Madurai. The program commenced with a prayer song. The felicitation address was given by our respected Vice Principal, Dr. K. Archunan. The key note address was delivered by our respected Dean Academics, Dr. S.Priya. The special address was given by Dr. M.Subramanian, Head of the Department, Master of Business Administration, RL Institute of Management Studies. The Resource Person, Mr. JK Muthu, Founder, BGROW Services (Trademark & IP Protection Services), Madurai shared his experience to the students and motivated them to think about Intellectual property rights, patents, copyright, industrial design rights, trademarks, plant variety rights, trade dress, geographical indications, and trade secrets. 42 students participated and got benefitted by attending this program.

FAREWELL PARTY 2022

Royal Charter Association of Commerce (Honours) ACCA organized a Farewell Party “NEVER SAY GOODBYE”   on 22.04.2022 in the college seminar hall where students of B.Com. (Honours) ACCA I and II year bid farewell to the outgoing students of B.Com. (Honours) ACCA final year with great enthusiasm and nostalgia. The function began with a warm welcome by Head of the department, Dr. D.Selvaraj, Assistant Professors, Mr. A.Raja and Mr. S.Ravi Shankar. Then Head of the Department, Dr. D.Selvaraj in his speech wished good luck to the students of B.Com. (Honours) ACCA final year for their bright future and appreciated the efforts of B.Com. (Honours) ACCA I and II year. He also expressed his hope that students will achieve great success holding top positions in their career. All the seniors had filled the seminar hall with colorful attires which added beauty to the event. Juniors gave a warm welcome with Red Roses followed by very entertaining group dances, solo dances and solo song performances. Students of final year participated in Ramp Walk which was judged by the Association members. It was an incredible day hosted and organized by juniors. Some exciting games were also arranged for the seniors like connections, cub game and song findings from music competition, etc. All such events were enjoyed by all. A token of love and appreciation was given to the seniors by their juniors. The members of faculty expressed their affection towards the students. The day ended by capturing memories with photo sessions.

 

VALUE ADDED COURSE ON “FINANCIAL OPERATING STATEMENTS”

The Department of Commerce (Honours) ACCA of Subbalakshmi Lakshmipathy College of Science, Madurai organized a VALUE ADDED COURSE ON “FINANCIAL OPERATING STATEMENTS” from 11.04.2022 to 21.04.2022 at Hall No. 115, SLCS Annexure Block. The course was resourced by Mr. Nishant katoch, ISDC, BangaloreA lecture was delivered on an 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. All II Year ACCA students (13 students) participated in this course.

PLACEMENT RECORD APRIL, 2022.

The students of Commerce (Hons) ACCA Mr. Vishveshwaran B M and Mr. Landa Abishek have successfully cleared the City Union Bank campus drive on 20.04.2022 for the post of Banking Manager.  The City Union Bank campus drive was scheduled in our college premises on 19/04/2022 and 20/04/2022. Around 150 Students from various streams like MBA, BCom (B&I), BBA and B.Com., (Hons) had attended the campus drive. Among our B.Com. (Hons) ACCA students, Mr. Vishveshwaran B M and Mr. Landa Abishek were shortlisted for this post after successfully completing all the four stages of campus drive process i.e., Aptitude Test, Descriptive Test, Group Discussion and Personal Interview. Both of them got job offer with the salary of Rs. 3, 90,000 per annum.

Educational Tour at Munnar and Kochin

The Department of Commerce (Hons) ACCA organized a study tour to Kerala from 7.04.2022 to 09.04.2022. 43 students and 3 faculty members participated in the tour. The first part of the tour was a visit to the Kanan Devan Hills Plantations Company Pvt. Ltd., Mattupetty dam, Kundala dam and Eco point which are the most famous tourism destinations in Munnar. We had various fun & adventure activities such as horse riding, boat riding, shooting etc., Later, the tour group visited the Kanan Devan Tea factory. The students got an opportunity to observe the processing of tea leaves and they were explained about the history of tea plantation in the world, first tea plantation in India, importance of tea in our daily life, benefits of green tea, right procedure for preparing tea and its production process etc. Next day, the group travelled to Wonderla. The students enjoyed water slides, Dry rides, Games, Rain dance etc. Wonderla is very famous for India’s largest and tallest Ferris wheel- The Sky Wheel in its park. The tour concluded with the Kochin DJ Boating. The tour was an enriching and memorable experience for both the students and teachers alike.

Industrial Visit at Idhayam Oil Factory, Villipathiri, Virudhunagar

The Department of Commerce (Hons) ACCA students and teachers visited the Idhayam Oil Factory, Villipathiri, Virudhunagar on 25.03.2022. The visit was an experiential learning and helped us to understand the production process of oil. The IDHAYAM is the fastest-growing cooking oil brand in India and a pioneer in producing healthy cooking oils for over 8 decades. The students learnt the process involved in the oil extraction and also had an idea about the By-products and the waste product, which after further processing have got a great commercial value, revenue and workers unit. 43 students from I, II and III year ACCA participated in the Industrial visit.

NATIONAL LEVEL WORKSHOP ON“NEW TRANSFORMATION IN ACCOUNTING EDUCATION”

The Department of Commerce (HONOURS & ACCA) of Subbalakshmi Lakshmipathy College of Science conducted a National level workshop on “NEW TRANSFORMATION IN ACCOUNTING EDUCATION” on the eve of celebrating Indian Accounting Association Foundation Day on 15.03.2022 (Tuesday). The workshop was started with the welcome address given by Dr. D.Selvaraj, Head of the Department, Commerce (ACCA) and the Presidential address was given by the Principal Dr. R. Sujatha.

 Dr.A.Mayil Murugan, Professor of The Madhura College, Dr.Rosy Godwin, Professor of Lady Doak College and Dr.Harjit Singh, Professor of The Amity University were the key speakers of the program.  They shared information on recent trends and transformation in Accounting Practice. They also shared information on market expectation from the current accounting graduates.

Totally, 248 students and 12 Faculty members from SLCS and other colleges participated and got benefited by this workshop. The resource person cited some real life examples of various skills related to new transformation in accounting education. Students were given ample opportunities to exhibit their accounting skills. The programme was ended with Vote of thanks given by Mr. S. Ravi Shankar, Head of Department, Commerce Honours.

Service to Kuruvithurai Perumal Temple” – Cholavanthan, Madurai

The Department of Commerce (Honours) ACCA organized an Outreach program Activity at Kuruvithurai Perumal Temple” – Cholavanthan, Madurai under “SLCS SAMAAJ SEVA” on 16.02.2022. We were extended warm greetings for the contribution of our all ACCA Students to the “Sri Chitraradha Vallaba Perumal Temple”, Kuruvithurai. The coordinator Mr. Nagarajan of kuruvithurai temple took the initiative and assigned them with task. Our ACCA students cleaned and did the chores of the work within the temple and created awareness regarding covid-19 to the visitors of the temple. All the students were doing their assigned work fervently. Guru Bhagwan-Jupiter constructed a place for his son on Vaigai River and performed penance on Lord Narayana. Hence, the place is called Guruvithurai-Kuruvithurai. Lord Narayana, pleased with his penance appeared before Guru on a Rath of aesthetic beauty and rescued his son Kasa. Hence, the lord is known as Chithiraradha Perumal – Perumal with a Rath of aesthetic beauty. The students were happy to spend that day at the temple. Though the time spent in the temple was just a few hours, however, they experienced peace of mind and spiritual awakening. The temple authorities expressed gratitude to college management for taking the initiative and helping the students in keeping the temple clean. 50 students of I, II and III year ACCA visited and rendered service in the temple precincts’.

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