A guest lecture was conducted for the Financial Accounting students of First Year B.Com B on 24th January 2019. The lecture began at 9:00 a.m. in Room no.213 and was attended by 32 students. The guest faculty was CA Pradnya Barde, Senior Manager at ACCOSPHERE Advisors Pvt Ltd. Margao.
CA Pradnya Barde explained to the students the different financial statements which are to be compulsorily maintained by the companies like Profit and loss statement, Balance sheet and the cash flow statement. She emphasized on the applicability of cash flow statement. She than discussed the various questions to be considered while preparing the Cash flow statement. She stated that the three major questions were: Where did the Cash come from? What Purpose Cash used for? What was the change in the Cash balance? This was followed by a discussion on the cash flow statement of Reliance Industries Ltd. She also briefly touched upon the uses of cash flow statement and also stressed on methods of preparing cash flow statement. Both the methods i.e. direct method as well as Indirect method of preparing CFS was illustrated to the students. The 3 major heads of the cash flow statements were also highlighted. The students were also actively involved in the session. The resource person later answered all the questions of the students. The students found the lecture useful. The Lecture ended at 10.00 a.m. with the Vote of Thanks.
