Felicitation Ceremony on 23.04.2024

On 23^rd April, 2024, the PG Department of Commerce and Management of PCM SD College for Women, Jalandhar conducted Felicitation Ceremony of the Commerce Club. Dr. Mrs. Pooja Prashar, Principal, graced the occasion and presented trophies to the students for their hard work and year around service to the Commerce Department. 57 Students, in total, were awarded with trophies and certificates. The students who participated and brought laurels to the Department in various Inter College Competitions were also felicitated. Speaking on the occasion, madam Principal encouraged the students to always remember the values they have in grained at college which will help them etch a life embellished with success. Exhorting the students to carry on with their pursuit of excellence, Head of Department, Mrs. Alka Sharma, congratulated the members of Commerce Club. Overall, the ceremony was enjoyable and motivating experience for the students.

Powerpoint Presentation Competition to commemorate The Central Excise Day (24 February)

On 22^nd February, 2024 (Thursday) the PG Department of Commerce and Management of PCM SD College for Women, Jalandhar organized a Powerpoint Presentation Competition to commemorate the “Central Excise Day” which is celebrated on 24^th February every year by Central Board of Indirect Taxes & Customs to honor the services of officers of CBIC.

Central Excise Day is celebrated annually to aware people about the hard work and commitment of CBIC. The main function of CBIC is to keep a check on the corruption of goods from the manufacturing industries. The CBIC officers play a critical role in the country's industrial development. Every Indian citizen must pay taxes to contribute in the country's economic progress.

The Power Point Presentation Competition was organized to increase awareness amongst the students about Indirect Taxes and Indian Taxation System. The students of B. Com Sem- IV^th gave power point presentations on various topics of Goods & Services Taxes.

The E – Presentation topics were - GST Council by Palak, GST & Its Components by Sanjana, Composition Scheme by Chahat, Constitutional Amendments by Palak, Features of GST by Sneha, Overview of GST – Law & Procedures by Vaishnavi. The winners were appreciated and were given prizes for their commendable performance.

 

32 students of PG Department of Commerce and Management actively participated in this event. It was an innovative approach to educate the students regarding the various aspects of Indirect Taxes/Goods and Services Taxes in India.

 

Evaluative Study of Performance Appraisal Methods adopted in corporate sector On 18th April 2024

 

PG Department of Commerce & Management, in accordance with the NEP 2020, organised an activity for B. Com FS Sem IV And M. Com Sem II in order to bridge up the industry – academia gap. The activity was an evaluative study of performance appraisal methods which are formally adopted by HR managers as an evaluative tool and is also being taught as course curriculum viz., Human Resource Management.

The students discussed in detail about the methods of performance appraisal adopted in corporate sector with special reference to- Google, Adobe, Tata Motors, Apple etc. The activity was organized to update the students with recent and latest methods used in the corporate entities for analysing the performance of the personnel of the leading entities and what are implications of using such methods.

It served as a learning and knowledgeable experience for the students and they got well versed about how organizations can retain and attract the best talent to their advantage. The activity was organized by Mrs. Shikha Puri, Dean, Commerce Club for in depth discussion and deep insights of the prevalent human resource management methods.

International Seminar On “Paradigm Shift in the role of a Professional Chartered Accountant to an Entrepreneur”

The PG Department of Commerce and Management organized an international seminar on “Paradigm Shift in the role of a Professional Chartered Accountant to an Entrepreneur” on 26^th April, 2024 (Friday). The resource person for the Seminar was Mrs. Namita Malhotra CA (India) and CPA (Australia), currently working as accounts officer, ALLG, Australia. The objective of this event was to provide the essentials of Chartered Accountant as a profession & as an entrepreneur. The seminar was conducted via Google Meet.

Dr. Mrs. Kuljeet Kaur, Assistant Professor, PG Department of Commerce & Management, introduced the eminent speaker and welcomed her. The honourable speaker initiated the seminar by discussing the curriculum of Chartered Accountant Examination as conducted by ICAI. She further deliberated that there is a paradigm shift in the role of a professional chartered accountant to an entrepreneur.

She first explained as a professional a CA is in charge of financial accounting and reporting, Management accounting - which is providing management reports viz Balance Sheet, Profit & Loss A/c, Cash flows etc. and involves roles in areas of audit, insurance, taxation-direct and indirect, economic planning, capital formation and finance. She also mentioned that Budgeting-Financial budget, Cash flows and Fund flows, Management Accounting, Preparing Management information system, designing the budget, installation of cost accounting system are also parts of CA ‘s professional career.

Further, CA as an entrepreneur was discussed stating that a CA is the one who understands every detail of the business and has great wisdom for better financial decisions. As per her when a CA is the one who is running the business the financial decisions will the best and beyond perfection because of Managing Cash flows as CA is the best at the optimal utilization of the cash and maintaining a Balance Sheet as it provides a snapshot of a company's financial health at a particular point in time. She also cited examples of Kumar Mangalam Birla, Rakesh Jhunjhunwala and Motilal Oswal who proved to be the game changers in this profession and were successful entrpreneurs.

 

She also added when a CA is the entrepreneur, can do an ongoing analysis to check which direction is the business heading and can immediately take appropriate measures and stays up to date and compliant with Govt. Regulations.

She concluded by CA as an Entrepreneur is a complete win-win situation and when we start something of our own, we are true partners in the Nation building. Why to work for someone else when one can work for one’s own self, a CA as an entrepreneur is the best thing to happen because he/she knows all the finance tricks that makes a business successful.

Valid questions were raised by the students, and they were satisfactorily answered by the resource person. The vote of thanks was presented by Mrs. Alka Sharma, Head, PG Department of Commerce & Management. A total of 82 participants attended this Seminar, including students and faculty members of the various departments of the college. It was a knowledgeable session that gave guidance and deep insights about the paradigm shift in the role of a professional chartered accountant to an entrepreneur. 
 

Role Play on Consumer Protection Act 2019 On 20th April 2024

 The PG Department of Commerce and Management organized a role play for B.Com. FS Sem. II and B.Com. Sem. II. The role play on the Consumer Protection Act 2019, which is a part of their subject commercial law and mercantile law, The students played the roles of judge, lawyer, plaintiff, and witness. The role play was on the leading case of Taj Mahal Hotel vs. Mr. Sapnan Dhawan and United Insurance Company.

The students showcased their talent and conceptual clarity by enacting the entire case and judgment. The students acting as lawyers also gave valid arguments in relation to sections and provisions of the act. Namely, deficiency of services as under Section 35 of the Consumer Protection Act 2019, gratuitous services are still complimentary as under Section 148, Section 149 of the Indian Contract Act 1872, establishes a bailment contract between the hotel authorities and Mr. Dhawan as the car keys were in the possession of hotel staff, and the hotel's negligence on the part of a bailee, which violates Section 151 and is punishable according to Section 152 of the Indian Contract Act 1872, were the cause of concern.

The activity was organized by Ms. Diksha Bakshi, Assistant Professor, PG Department of Commerce & Management, to give students deep insights into the application of provisions of the Consumer Protection Act 2019. Mrs. Alka Sharma, head, PG Department of Commerce and Management, congratulated the students on their wonderful presentation. The faculty members of the PG Department of Commerce and Management were also present.

International Webinar on ‘Fundamentals of New Research Methods’

 

The PG Department of Commerce and Management organized an international webinar on “Fundamentals of New Research Methods” on 17^th April, 2024 (Wednesday). The resource person for the webinar was Dr. (CMA) Nandita Mishra, Associate Professor, Linköping University, Sweden, Ambassador, IIRC, London, and Country Director of HETL (USA). The objective of this event was to provide the essentials of new research methods. The webinar was conducted via Google Meet.

Mrs. Shikha Puri, Dean, Commerce Club, introduced the eminent speaker and welcomed her. The honourable speaker explained the concept of the research design and then deliberated on research methods, viz., quantitative, qualitative, and mixed methods. Further, she explained inductive, deductive, and abductive reasoning for research. She brought to light that there are three main aspects of good research: exploration, rationalization, and validation, for which inductive, deductive, abductive, and mix research methods are to be used.  She focused on abductive research through examples and highlighted the difference between the usage of such research. Her emphasis was more on qualitative research, or a combination of qualitative and quantitative research, as it serves as a better platform for exploratory research.

She also discussed the research design and the procedure to choose it in alignment with one’s research. A complete knowledge of the difference between quantitative and qualitative research methods was given. The details of the research strategies, including the aspects involved in the problem and the verdict of the research, were cause for concern. She concluded by saying that mixing design and qualitative or quantitative methods, or a mix of different computational methods, proved to be a game changer.

She gave vivid details about mixed methods of research, which include procedures that feature combinations of different methods in either sequential or concurrent fashion, the mixing of quantitative and qualitative strategies (think of these procedures as having a focus on "numbers and words"), and also the mixing of design and qualitative/quantitative methods, or the mixing of different computational methods.

Valid questions were raised by the students, and they were satisfactorily answered by the resource person. The vote of thanks was presented by Mrs. Alka Sharma, Head, PG Department of Commerce & Management. A total of 75 participants attended this webinar, including students and faculty members of the Commerce and Management department. It was a knowledgeable session that gave guidance and deep insights about the new research methods.

Inter College Competition "Innovative Idea to Ultimate-2024" 19th April, 24

The students of PG Department of Commerce and Management participated in Inter College Competition - "Innovative Idea to Ultimate-2024" which was held at St. Soldier College Co-Education Jalandhar on 19th April 2024.

Our team for the competition comprised of:

Muskan (8710) - M. Com Sem-II

Khushi Sharma (8761) - M. Com Sem-IV

 

Workshop On Tally Prime

 

The PG Department of Commerce and Management organized a workshop on ‘Tally Prime’ on 10^th February 2024 (Saturday) in the computer lab of IT Block. The resource persons for the workshop were Mr. GS Multani, Col. (retired), presently Director, ICA Edu Skills Pvt Ltd., Jalandhar, and Ms. Ritika Verma, MBA (Finance, Marketing, and UGC-NET) from ICA Edu Skills Pvt Ltd., Jalandhar. The objective of this event was to give students hands-on experience in relation to Tally Prime.

Mrs. Shikha Puri, Dean, Commerce Club, introduced the eminent speakers and welcomed them. The resource person initiated and explained that tally prime is a one-stop business management software that caters to all the business requirements, from accounting and invoicing to inventory management, insightful business reports, and cash flow management, thereby improving business efficiency.

Exciting features of Tally Prime like - Simplified Interface, Insightful Business Reports, Invoicing and Accounting, GST/taxation, inventory management, cash flow management, Multitasking Capabilities, go-to feature, accessing business data online, and secured data were also vividly explained.

A complete knowledge of the workings of Tally Prime software was given via three case studies (problem sheets). Which were solved by students using the shortcut keys as given by the resource persons. The queries were raised simultaneously by the students and satisfactorily addressed by the resource persons.

Mrs. Shikha Puri, presented a vote of thanks. A total of 40 students of B.Com. and B.Com. (FS)-II^nd Semester and faculty members attended this workshop. It was a knowledgeable session that served as an opportunity for students to be updated on the new concepts of Tally Prime.

4 Days Workshop on Hands On Training: Advance Ms -Excel

 

The PG Department of Computer Science and IT and the PG Department of Commerce and Management organized a workshop on Hands-on Training: Advance MS Excel in association with O7 Solutions (IT Company) from 2^nd April 2024 (Tuesday) to 5^th April 2024 (Saturday) in the Computer Lab of IT Block. The resource persons for the workshop were Ms. Shivani, and Ms. Diksha, faculty members of O7 Solutions (IT Company). The objective of this event was to give students hands-on experience in relation to Advance Ms -Excel.

Dr. Mrs. Lovey Sharma, assistant professor in the PG Department of Computer Science and IT, introduced the eminent speakers and welcomed them. The students were divided into two groups, and each group was allocated different labs with one resource person. On first day, the basics of MS Excel were discussed, like: What are a workbook and a worksheet, Operations like: Copy, paste, move, find, replace, navigate, insert, and remove hyperlinks; change worksheet tab color; insert and delete rows and columns adjust rows and column heights; How to change the theme, insert a header and footer, and hide and unhide worksheet cells Modify document properties. A detailed description of formulas was also given, including formulas for some min and max and a value count, average, if function, sum if, upper, lower, right, left, and middle.

On the second day, students were explained about managing a workbook, encrypt shut, protecting it with a password, formatting, creating a specific list, custom conditional formatting, managing conditional formatting inspection, how to create a table and change its design and style, and how to sort, remove, and duplicate it.

On the third day, charts and multiple chart creation, labeling of charts by inserting text, moving charts, pivot tables, and pivot charts were discussed in detail. Formulas of count if, sum if, average if, V lookup, H lookup, date and time, and, or, not, etc. were also discussed.

On the last and fourth day of this workshop, the students were given details about financial functions: payment function, interest payment function, principal payment function, data validation, troubleshooting feature, scenario management, macros, and to change currency in Excel.For all four days, the resource persons delivered the lecture for two hours, followed by a practice session of one hour, during which the students got hands-on experience and time to solve their doubts on a real-time basis, and the resource persons guided the students and solved the valid queries.

Dr. Mrs. Lovey Sharma presented a vote of thanks on the fourth and last day. A total of 84 students from B. Com Sem IV, B. Com (FS) Sem IV, B. Com Sem VI, M. Com Sem II, and M. Com Sem IV attended this workshop. It was a knowledgeable session that served as an opportunity for students to be updated on the new concepts of Advance MS Excel.

Postgraduate Students attended International Workshop On “Entrepreneurship In Digital Era”

 On 29^th March, 2024 the following postgraduate students of the PG Department of Commerce and Management attended the International Workshop on “Entrepreneurship in Digital Era,” held at Lyallpur Khalsa College Technical Campus, Jalandhar, at 9:30 AM in Block D Mini Auditorium. The resource person for this event was Mr. Vinod Agnihotri, Managing Director and Vice President, APAC-LANXESS Pte Ltd., Singapore.

SR. NO.	NAMES	ROLL NO.	CLASS
1	Nancy	8705	M. Com Sem II
2	Himanshi	8708	M. Com Sem II
3	Muskan Kalia	8710	M. Com Sem II
4	Himani	8711	M. Com Sem II
5	Saruchi Sharma	8720	M. Com Sem II
6	Tanuja Parveen	8725	M. Com Sem II
7	Riya Sharma	8756	M. Com Sem IV
8	Muskan Bamotra	8757	M. Com Sem IV
9	Namrata Kalia	8758	M. Com Sem IV
10	Khushi Malhotra	8761	M. Com Sem IV
11	Harpreet Kaur	8762	M. Com Sem IV
12	Nikita	8763	M. Com Sem IV

 

The session started with a lamp-lighting ceremony. The resource person introduced the topic by giving details regarding digital transformation, and he highlighted that there are three stages of digital transformation, i.e. first - Digitization – “fixing the past”, second - Digitalization “focusing on the present,” and lastly – Digital Transformation – “creating the future." Further, he highlighted how India has to evolve and transform itself digitally and create future job avenues for the upcoming youth. He said that India still has to gather more peace and momentum to accomplish the goal of digital transformation, as the level of digitalization will affect employment. He shared the research by the ITU International Telecommunication Union, UN Agency and discussed the readiness of digital transformation in emerging economies, in which India is showing moderate possibilities. He highlighted that good governance and collaborative governance are the two main essentials for the digital transformation of India, which will further improve the entrepreneurship level in India. He said India, being a member of the ASEAN Region, stands out as one of the advanced regions, achieving an overall unified framework score of 57% vs. South Asia's 43%. Discussing the World Bank Group global digital economy framework, he explained emerging digital opportunities and challenges. We’ll provide new dimensions for the digital economy, which include digital infrastructure, digital public platforms, digital financial services, digital businesses, digital skills, and a trust environment. This will ensure a better platform and ecosystem for entrepreneurship. He also discussed the entrepreneurship skills that are much needed by youth in the current digital era. Further, he added that digital transformation is a key process that will boost entrepreneurship by not only enhancing digital employability but also physical employability.

Overall, the session was very informative and knowledgeable which gave students deep insights about the current scenario of Digital Business World and the skill set required with the competency to join the entrepreneurship.

Khushi Malhotra Secures 4th Position in GNDU M. Com Semester-III

 The GNDU result of M.Com. Semester III of PCM S.D. College for Women, Jalandhar has been remarkably outstanding. Khushi Malhotara bagged fourth position in the University by scoring 442 marks out of 550 marks. President Shri Naresh Budhia, Senior Vice President Shri Vinod Dada, the other honourable members of the Managing Committee and the worthy Principal of the college Prof. Dr. Pooja Prashar felicitated the students for bringing laurels to the name of the institution. She also praised the innovative Department of Commerce and Management for these spectacular results and wished for the bright future of the meritorious students.