Components of Income Statements & Balance Sheet and its Importance in Businesses

Student Support Services Committee of Business Department organized a Guest Lecture/workshop titled “Components of Income Statements & Balance Sheet and its Importance in Businesses” for the BSD for accounting Specialization students on Monday, 31st May 2021. The guest speaker Mr. Sai Kishore Vurakaranam, Associate Professor, Geethanjali College of Engineering and Technology, Hyderabad India was welcomed and introduced by Dr. Shazia Kausar, BSD faculty member. The speaker Mr. Sai Kishore Vurakaranam presented an overview of accounting standards in Oman, recap of income statement and balance sheet, the formats of various financial statements and discussed the importance of preparing basic accounting statements in businesses. He elaborated on key skills for employability challenges, suggested various approaches which graduates could apply during the pandemic situation. Students analyzed videos related to financial statements and were given the opportunity to ask questions.

BSD Faculty Member Ms. Nithya Sambamoorthy presented the vote of thanks to the guest speaker.

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