About the Department
Accounting is the heart of any business as its analyses and interprets the real financial position of the business. In today’s hi-tech competitive world of real business, accountancy has assumed critical importance. Accounting is the process of collecting, recording, summarizing and communicating financial data. Accounting is a service activity, a descriptive discipline and an information system too.
The Department of Accountancy creates a stimulating environment for the academic growth of its students and provides them with a thorough understanding of a range of subjects such as Financial Accounting, Cost Accounting, Management Accounting, Auditing, Direct and Indirect Tax at Under-Graduate Level and Corporate Financial Accounting, Financial Management, Direct & Indirect Tax, Cost and Management Accounting at Post Graduate Level. The Faculty members of the Department are known for their expertise in the above mentioned areas. Upon graduation, many students find placements with renowned business organisation such as Banks, Non-Banking Financial companies, manufacturing companies and services units.
To enhance the employability of the students, the department runs career-oriented certificate course on Tally Accounting Package.
Objectives
- To train the 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 commerce and management studies.
- Spreading knowledge on a professional level.
- Creating worthy professionals and entrepreneurs.
- Inculcating professional values and technical skills in field of Accountancy, Taxation, Auditing & Finance.
Striking Features
- Perfect blend of experienced, professional and young faculty, thus providing practical inputs with conceptual understanding.
- Inspiring students to take up professional courses and guiding them for career planning.
- Facilitating students to take up professional courses and guiding them for career planning.
- Various workshops and guest lecturers are organised on current topics.
- Persistent teacher support to the students in the college environment and through social media.
SWOC Analysis
Strengths
- Traditional B. Com Degree Courses with specialization in Accountancy is offered
- Biggest department of Commerce with highest strength of teachers and students.
- Experienced, talented and young teaching faculty who are committed and dedicated towards their work.
Weakness
- Irregular attendance due to job demands
- Vernacular medium students have to attempt examination in English medium, hence find it difficult specially at university level.
Opportunity
- Increase in PG courses
- Increasing industry linkages.
- Students can be encouraged for higher studies.
Challenges
- Constraints of institution with reference to staff development and research
- Controlling student- teacher ratio
- Strengthening technology updated methods of teaching
Future Plan
- To start PG course in Management.
- Arranging National or State level conference /seminars
- To setup Ph.D. in Accountancy and Accountancy Laboratory
Research & Publication
CA Vaibhav Banjan
- Publication
- Co-author of Books on Cost Accounting for Sem V and Sem VI
- Avishkar Research Papers Presentation
- Participated in Avishkar Research Convention 2016-17 and presented a Paper titled “Comparison of Defined Contribution Pension Scheme(DCPS) with Defined Benefit Scheme for College Teachers in Maharashtra” in December 2016. The paper was awarded First Prize in the University Round in Teacher’s Category. The Paper was selected for presentation in the Inter-University Avishkar Research Convention.
Faculty
Ph.D.(Commerce),M.Com, M.Phil, M.B.A, PGDFM, GDC&A, Net - UGC, Inter CMA,L.L.B.
Activities
Resource person CS Bhusan Shelat, CA. Sushanti Wadrekar and Dr. Helen Selvaraj on 9th September, 2021.
The Inauguration Session and Welcome Address by Principal Dr. Usha Iyer. The Resource Person for the session CS. K.Venkatraman, Vice-Principal CA. Vaibhav Banjan, Teachers and participants on 8th September, 2021.
CS. K. Venkatraman addressing the participants on Introduction of MCA and types of organisations on 8th September, 2021
Resource person CS Bhusan Shelat, CA. Sushanti Wadrekar and Dr. Helen Selvaraj on 9th September, 2021.
SC Bhusan Shelat addressing the participants on LLP and filling of LLP forms on 13th September, 2021.
Resource Person CA. Paresh Udeshi along with CA. Sushanti Wandrekar and Dr. Helen Selvaraj on 14th September, 2021.
CA. Hrishikesh Wandrekar addressing the participants on Schedule III of Companies Act 2013 on 16th September, 2021.
CS. Chhaya Gupta addressing the participants on Furnishing of Company Annual Return and Form MGT-7 on 20th September, 2021.
Seen with CS. Chhaya Gupta, Vice-Principal CA. Vaibhav Banjan, teachers and all participants during the session on Filling of form MGT-7 – 21st September, 2021.
CS. Bhushan Shelat addressing the participants on Appointment of Auditors – 22nd September, 2021.
CS. Bhushan Shelat, CA. Sushanti Wandrekar, Dr. Helen Selvaraj along with all participants on 23rd September, 2021.
The session on Filling Form DIR-12, Form DIR-11, MGT-14 by CS. Bhushan Shelat on 24th September, 2021.
CA Dhiren Kanabar, HOD, Department of Accountancy introducing the resource person CA Sagar Jaywant on 18th February, 2019 for a talk on the Interim Union Budget 2019
Principal Dr. Usha Iyer welcomes C.A. Sagar Jaywant in the presence of CA Dhiren Kanabar, HOD, Department of Accountancy and CA Vaibhav Banjan, Vice Principal, Commerce. 18/02/2019
Participation of teachers and students in the talk on budget. 18/02/2019
Accounting With Tally Course 22/12/2018
Guests Lightning Diya in Revised Syllabus Workshop 12/07/2017
Participants at the Revised Syllabus Workshop S.Y.B.Com 12/07/2017