Category Archives: bcom acca

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.

The Department of Commerce (Hon’s) ACCA celebrated the “Fresher’s Party” on 06.10.2022.  The fresher’s day was filled with excitement, joy, music, enthusiasm, laughter and happiness. The celebration started at 2.00 PM at the Seminar Hall. The freshers were formally welcomed into the ACCA Family. The jury and other guests of honour were also introduced. Event started with a self introduction of 1^st year, 2^nd year and 3^rd year students. Everyone was impressive in their own way. Later on, the fun team led by 3^rd year and 2^nd year students took over the stage in their funny way of attracting the audience. After that, an excellent dance performance was given by 1^st years. The senior students conducted games for the freshers, which is a real fun ever in college days. After completion of games seniors warmly welcomed our faculty members and distributed sweets. Finally, all the freshers were called upon to the stage by seniors to give a small gifts and sweets to remember the day.

Department of Commerce (Honours) ACCA of Subbalakshmi Lakshmipathy College of Science, Madurai and ISDC, Bangalore jointly organized a Career Training Program on “Accounting for Business” from 12.09.2022 to 26.09.2022 on Zoom Meet (Link: https://us02web.zoom.us/s/84572444933#success) Prof. Disha Kabra,  Faculty,  International Skill Development Corporation (ISDC), Bangalore, was the instructor. Students were able to maintain a complete and systematic record of all transactions and analyze the financial position of a business. Every individual or a business concern is interested to know the results of financial transactions and their results are ascertained through the accounting process. Totally, 22 students of II ACCA participated and benefitted through this value added course.

 

The Royal Charter Association of Commerce (Honours) ACCA organized a Webinar on “Innovation in Personal Financial Management – A Lesson to the Budding Leaders of Tomorrow” on 10.09.2022 (Saturday) at 3.00 PM, through Google Meet (link: https://meet.google.com/ijt-hnpm-unv). The Resource Person, Dr. Sharan Kumar Shetty, Associate Professor & Head, International Relations, Manel Srinivasa Nayak Institute of Management, Mangaluru, Karnataka., insisted that the Financial intermediaries have to perform the task of financial innovation to meet the ever-changing requirements of the economy and to help the investors cope with the increasingly volatile market. In case of Low Profitability, Competition, Economic Liberalization, Customer service, Global impact and Investor awareness, there is a necessity for the financial intermediaries to innovate unique financial instruments. Students were motivated through this program. Totally, 40 students participated and benefitted.

The Department of Commerce (Honours) ACCA of Subbalakshmi Lakshmipathy College of Science, Madurai and ISDC, Bangalore jointly organized a VALUE ADDED COURSE ON “ANALYTICAL FRAMEWORK OF FINANCIAL MANAGEMENT” from 01.08.2022 to 09.09.2022 on Zoom Meet Link: https://us02web.zoom.us/j/87066747872. Prof.  Annie Kavitha Pitta, Faculty, International Skill Development Corporation (ISDC), Bangalore, was the instructor. Students were able to evaluate Investment and Financing Decisions; to ,manage and control Working Capital and to identify and manage Financial Risk. Totally, 13 students of III ACCA, participated and benefitted through this value added course.