Post Graduate Department

Seminars & Conferences

UGC Sponsored National Seminar on GOODS AND SERVICE TAX IN ASSOCIATION WITH ICAI
With the red carpet rolled out for a much awaited event, September 3rd dawned bright and sunny to usher in participants for the National seminar on Goods and Service Tax (GST). Months of planning and organising by the PG department had borne fruit. The day began with the inaugural ceremony at 9:30 on the arrival of the dignitaries. The chief guest for the day was CA K.S Ravi Shankar and the guest of honour was CA Allama Prabhu M.S. An invocation song was rendered by the 1st year students followed by a lighting of the lamp. The compendium of GST papers was then released. This was followed by a welcome speech by our Principal, Fr. Daniel Fernandes and an address by the HOD-Ms. Ravidarshini. The stage was now set for the key note address by the chief guest for the day- CA K.S Ravishankar. What followed was an interesting session where he took the crowd by storm. He spoke about topics ranging from his reminiscences as a Josephite, to GST issues. His speech was a treat for the ears, peppered with anecdotes. The vote of thanks was delivered by Ms. Shivakami and the inaugural ceremony ended with a photo session of all participants.

At this juncture, a special gratitude must be rendered to the ICAI (The Institute of Chartered Accountants of India) for their support as knowledge partners, without which this seminar would not have attained fruition. Our humble gratitude to CA Allama Prabhu M.S (Chairman of the Bangalore branch of SIRC) for his endeavour and guidance. The first technical session on the concept and design of GST, began at 11:00 and was taken by CA V Raghuraman(Advocate)-an expert on indirect tax and author of various books. He covered topics such topics as: the need for GST (whose primary purpose is to simplify India’s tax structure), the components of a tax structure and the proposed working of GST. He spoke in great detail about IGST (integrated goods and service tax), goods which will be out of its purview as well as the costs of administration it will entail. He concluded by reiterating that GST will create a national market.

The second technical session commenced at 12:30 and was handled by CA Sanjay Dhariwal-author of 25 books as well as several articles. He elucidated on the 122nd Constitutional Amendment and transition to GST. He began by explaining about the need for this amendment as well as the structural changes that have been envisaged through GST. He then went on to discussing the various sections of the Constitutional Amendment Bill, 2014 and rounded up his session by giving the highlights of this bill. This was followed by a Question & Answer session where he threw light on some common FAQs.

Technical session 3, which began at 2:20, was taken by CA S. Venkataramani on the impact of GST on business/profession, end-use consumer and state revenues. He set the pace by giving a general overview on the proposed law and went on to elaborate on its impact on business in terms of grey market operators, record-keeping, compliance costs etc. He then went to discuss its impact on the end-user by changing consumption patterns and creating a level playing field. The last topic was spent in understanding how GST would entail a loss of revenue for manufacturing states along with a loss in fiscal autonomy.

With all sessions drawing to a close, it was time for a panel discussion on GST. The panellists were CA Sanjay Dhariwal, CA S Venkataramani and our very own students- Rakshitha and Ashwini(both II M.Com students). While the participants served a volley of questions which were comfortably answered by our eminent panellists, what was commendable to note was how the senior members encouraged their junior counterparts to speak. This panel discussion further enlightened us on the GST. This was followed by a reading of the seminar proceedings by Dr. Shubhra and the vote of thanks by Mr. Giridhar. As the curtains closed on yet another successful seminar hosted by the PG department, one can definitely claim to be all the wiser on the topic at hand.

IFRS/ IND AS – An Impact Seminar IN ASSOCIATION WITH ICAI
The Post-graduation department of St. Joseph’s college of commerce together with Institute of charted accounted India (ICAI) organized a one day national level seminar on the Impact of IFRS on IND-AS on 31-August-2016 in the Xavier’s hall.

The seminar was well attended by research scholars, university lecturers, professors, administrators, and university students in the master’s and doctoral programme, around 50 participants were present.

The seminar started at 9.00 Am with a video to brief about our college’s unique vision, mission and facilities offered to the students followed by another video on transparency, accountability and efficiency assured by IND-AS. The PG choir group enlighten the seminar by their prayer on the theme of love, peace and harmony then the seminar traditionally begin with the lighting of a lamp by our Principal Rev. Dr. Daniel Fernandes, Ms.Ravi Darshini (HOD: PG), guest of honor Rev. Dr. S. Peter Xavier (Director: SJCBA), Chief guest Mr. Pampanna (Chairman ICAI) and Mr.Gururaj Acharya (Partner KG Archarya and co.) and finally our PG Coordinator Ms. Alamalu.

The opening speech was presented by our principal highlighting on the objective of the seminar that is sensitizing the Participate regarding IFRS, challenges held in the implementation of IFRS and creating an awareness about IFRS and IND-AS. Followed was the speech from the guest of honor Rev. Dr. S. Peter Xavier (Director: SJCBA) who motivated us to build on our blessings and contributing maximum with minimum that we have. Then our HOD Ms. Ravi Darshini introduced the chief guests. The release of national journal on the impact of IFRS on IND-AS was facilitated by our Assistant Research Director Dr. Mohan Philip.

The seminar was divided into 5 technical sessions, the first session was presented by the Chief Guest Mr. Pampanna (Chairman ICAI) who briefed about implementation of IFRS, amendments in IAS finally he ended his speech by quoting “Respect the source of existence i.e parents and Respect the source of identification i.e alma mater. Followed was the second session facilitated by Mr. Gururaj Acharya (Partner KG Archarya and co.) who begin his session by questioning the audience “Is profit matter of fact or opinion?” he highlighted on difference between IFRS & US-GAAP, IAS & IFRS and IND-AS & IAS. After this we broke for the photo session followed by the tea break at 11.45 am.

The third session started at 12.30 pm facilitated by Mr.Vinayak Pai (Independent consultant and trainer- IFRS & US-GAAP) he addressed about the impact on equity, EPS, top-line, stake price, revenue and expenditure with the convergence of IAS with IFRS, he also introduced us to other comprehensive income. We then broke for lunch arranged in the Loyola hall.

Post lunch two technical sessions was arranged, the fourth session stated at 2.45 pm held by Ms. Asha (Finance expertise-KPMG) who briefed us about the impact of IFRS/IND-AS on group financial reporting, she also highlighted on difference between holding, subsidiary and associated with light to IAS and IFRS. Followed was the last technical session facilitated by Mr. Mohan who addressed on the impact of IND-AS on asset and liability.

As they say that all the good should come to an end the valedictory programme of our one day national seminar started at 5.15 pm with the melodious song by our PG choir. The research scholars, university lecturers, professors and administrators, and university students were asked to share their experience and feedback about the seminar Diksha a PG student from Jain University said “seminar was helpful, I got to know about IND-AS, its impact, learned a lot but wanted more live example”. A research scholar Mr. Ganesh shared that “I have been attending seminar conducted by the PG department of SJCC from past 3 years. There seminar are always informative and well organized.” The vote of thanks was delivered by Ms. Ruqsana Anjum our faculty, finally the seminar ended with the national anthem.

The seminar was very informative, interesting and gave the opportunity to learn many issues in regards to IFRS and IND-AS. We as a students who needs to do some research in the future, we found it to be a very enriching experience and were motivated to do further research on the same line.

NATIONAL SEMINAR 2017 “BANKING ON THE FUTURE: VISION 2020”
On 22nd September, the post graduate department organized a one day National Level Seminar on “BANKING ON THE FUTURE: VISION 2020”. The seminar was graced by the presence of many eminent individuals in the field of banking sector. The seminar started with a formal inaugural function by welcoming all the academicians, bankers, research scholars and professionals. Seeking God’s blessings for the entire day, the program kicked off with a prayer dance which was followed by a prayer song and lighting of the lamp.

Rev Dr Daniel Fernandes, S.J., principal of St Joseph’s College of Commerce gave the welcoming address where he spoke about the dynamic changes in the industry and the banking sector and the unexplored realms of the future in banking. The Presidential Address was presented by Rev Father Anthony Joseph, Vice President, BJES. He highlighted about the importance of bank towards the lesser privileged people in the society and the ethical, moral and social responsibilities of a college towards the social aspect of banking. He quoted “Banking should never be used as an instrument of oppression and torture” and said how students play an important role in introducing people to intricacies of banking. The program continued with the introduction to the seminar by Ms Ravi Dashini, Head of PG Department where she took the opportunity to acknowledge everyone who helped with the seminar and introduced the key note speaker for the seminar Shri. K.S Praveen.

This year two special edition of journals was released in collaboration with the Primax International Journal of Commerce and Management Research (PIJCMR) and Emperor International Journal of Finance and Management, UGC Listed Journal 45308.

After the Vote of Thanks by the Student Representative Mr Sunil Dennis, the Key Note Address was given by Shri K.S Praveen where he talked about the significance and need of banking and the regulatory powers of the RBI. He spoke about the disruption caused due to digitization and touched upon the concept of Universal Banking. He concluded his speech by giving a brief outlook about the future in banking sector by talking about bit-coins, block chain, crypto-currencies retail payments. The inaugural program ended with a photo session.

Technical Session 1
The first technical session was conducted by Sri CMA Premanath Murthy who touched on the topic of BLOCKCHAIN AND CRYPTOCURRENCY IMPACT ON BANKING. He signified that they have the potential to revolutionize our lives. Taking some real life examples he gave the attendees an in-depth about the crypto-currencies and the emergence of Fintech along with its technological, business and environmental factors. He settled his speech by focusing on India and its plans for creating its own crypto-currencies and the challenges, threats and vulnerabilities.

Technical Session 2
Mr Babu Jayandran, Chartered Accountant took over the second technical session round on the topic USE OF ARTIFICIAL INTELLIGENCE IN DIGITAL BANKING. Going to the history and emergence of Artificial Intelligence in 1966, he gave a brief description about the topic taking the biological reference of human body. The entire session was explained by giving examples from various sections of the society where an architecture overview and fraud detection and prevention was also discussed.

Technical Session 3 (Panel Discussion)
The final session was a panel discussion comprising of prominent people from various sectors of corporate world. Mr M.G Bhatt played the role of a moderator and Mr Apparao, Mr Brajesh Jospeh, CA Padmini Rao and Mr P V Shankaranarayan were the speakers. The session started where the moderator spoke about the newspaper headlines and real life examples with Loan Frauds as one of the topic. This sparked off the panel discussion where subject matters like cyber-crime, risk management, the technological advancement and its impact on the banking sector, the perception from the auditor’s point of view during the auditing process and the importance of data in future were discussed. The moderator summarized the entire discussion by addressing the gathered audience that banks must be prepared for the future and the digitization wave that will sweep the banking sector.

A One day National Seminar came to an end with feedback from the attendees and Vote of thanks by a student representative and a short video showcasing the entire session proceedings.

Student Research Journal: The Dissertation work undertaken by the students are converted into research articles and are published in the form of a student research journal.