Department of Commerce and Management at St. Joseph's College provides an enabling environment to help its students stand out both academically and in shaping them to an overall balanced personality both in terms of the college’s vision and today’s competitive environment. This blog reflects plethora of activities, contributions reflecting ethos and aspirations of the students and faculty members of department of commerce and management.

Inauguration of “Professional Interface Forum”

“The Future of Accountancy in the Digital Era and its Impact on Business” 

Professional Interface Forum is set up to enable students to remain in continuous touch with the industry and business executives through interaction at frequent intervals, so that they can imbibe corporate culture and norms followed there and enable them to acquire required skills needed to start their career. The Professional Interface Forum was formally inaugurated on 19th July 2019 at Xavier’s Hall, St. Joseph’s College, by C. A. Raghu, Director, Indian Overseas Bank. Dr. Melwin Colaço, Register, Mr. Mohammed Umair, Dean of Commerce & Management, Mr. Charles Ambrose, Head of the Department and Ms. Padma Nandanan were the dignitaries present. Mr. Charles welcomed the gathering and Dr. Melwin delivered the inaugural address.

The inaugural session was followed by an expert lecture by C. A. Raghu, Director, Indian Overseas Bank, on the topic “The Future of Accountancy in the Digital Era and its Impact on Business”. Mr. Raghu began the session by providing a basic conceptual framework on emerging concepts like Mobile Vans, Cloud accounting, Analytics, Big Data, FinTech and AI. He then explained the implications of these emerging concepts on business.  He said business owners can use technology to reduce business costs. Basic enterprise software enables a firm to automate back office functions, such as record keeping, accounting and payroll. Mobile tech allows offices and business partners to interact in real time.  Technology is helping businesses grow at a much faster rate than when technology was not available. From automated communication ad ChatBots to automated marketing, technology plays a big role in helping a business grow. They help in boosting sales and generating more revenue.
In the last segment of his lecture Mr. Raghu threw some light on what would be the role commerce graduates in the future when artificial intelligence would become widespread technology. He also gave some valuable tips to students in pursuing chartered accountancy course and also insisted that irrespective of technological advancement career in chartered accountancy would continue to be fruitful. The session was concluded with Q&A session followed by vote of thanks delivered by Mr. Umair.
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