Advanced Accounting Transactions- A Roadmap for Financial Statement
School of Management had conducted a finance club activity for students on Advanced Accounting Transactions.
Mr. Sandeep Kumar Sahu (In-charge finance club activity) emphasized about objective & vision of finance club activity & focused towards achieving academic as well as practical and professional knowledge. He explained and presented about basics of Value Added Tax (VAT), and transactional entries of VAT at the time of purchase and sales and discharging vat liability to the state Government.
Concepts were explained on - service tax and passing transactional entries while providing, receiving services and paying service tax to the Central Government, the concept of income, income tax, and liability of payer of income related to tax deducted at source and passing of the transactional entries.
Mr. Atulesh Sharma (Assistant Professor) interacted with the students on their understanding of the concepts & about basic as well as advance recording of transactions..
Students actively participated and discussed the issues. Students belonging to non-commerce background were amply benefitted with fundamental to advance journey of accounting transactions.
The program ended with an accomplished & cheerful note and a warm vote of thanks.
Institute of Management Studies, Noida had conducted a finance club activity program on World of Financial Accounting and Future Implications
Mr. Sandeep Kumar Sahu (In-charge finance club activity) welcomed the students with inspirational guidance and future prospects. He briefed about the objective & vision of finance club activities being incorporated in the current semester and motivated them for having a successful participation. He asked students about their understanding of accounts, accounting terminology, Entries, new emerging trends etc.
Mr. Atulesh Sharma (Assistant Professor) interacted with the students on their understanding, fundamental recording of transactions in the records & differences in various technical aspects of accounts.