The Department of Accountancy was established in
the year 1980. 6 Faculties are Chartered Accountants. Presently, the subject of
Accountancy is taught in all three years of undergraduate commerce degree
course with an additional applied component paper at the third year level.
Objectives- To train and equip
students with basic tools of economic analysis, making them aware of present
national and global
economic conditions.
- The course taught by the department forms the base for application in management studies.
- Spreading knowledge on a professional level
- Creating worthy professional and entrepreneurs
- Inculcating professional values and technical skills in the field of Accountancy & Finance
Accountancy
is a constantly evolving subject and the various Accountancy Standards,
which are designed to the guide the Practitioner in the matter of
recognition and measurement of cost and expenses and the disclosures of
the material facts and having a bearing on a proper evaluation of
Financial statements, too are evolving and are being adapted to keep
pace with changing business and economic environment, tax laws, etc.
The following Workshops & Seminars have been conducted over the years- Workshops on Accounting Concepts and Conventions.
- Seminar on various Accounting Standards like AS-1 / AS-2 / AS-3 / AS-9 / AS-11 and others
- Discussion on International Financial Reporting Standards
- Project on impact on Revised Schedule VI on the Accounts of Companies
Measures taken for staff improvement- Regular monthly meetings held where different papers are read.
- Support of past students, ex-members & technical experts taken.
- Attending
lectures by other members followed by healthy discussion in the
departmental meetings to ensure synchronized syllabus coverage.
- As
a measure of building Social Inter Personal Relationships, family
picnic is held once every year for members and their families.
- Also families meeting of the members are held regularly.
- Discussion
on an ongoing basis on problems arising consequent upon harmonization
of Indian Accounting Standards with International Accounting Standards
with particular emphasis on applicability with reference to class room
teaching.
- Discussion on statute amendments & their impact on course ware on a regular basis.
- For harmonious and better understanding, family get-together of our Department.
- Encouraging
participation in various seminars / workshops / Faculty Development
Programs conducted by UGC & various Professional Bodies.
- Assessment
of past performance of students and, if required, to take remedial
measures to correct any anomalies in their comprehension.
- Discussion
of contemporary issues like latest audited results of companies and
deciding which ones must be discussed in the classroom.
- Dissemination of any key ideas read by any faculty member in books/journals.
- Critical evaluation of student’s feedback and decide the measures to be taken to address their concerns.