Faculty Development Programme by The Institute of Chartered Accountants of India (ICAI)

A Faculty Development Programme for teachers of Commerce from secondary and senior secondary schools was organised by the Career Counselling Committee of The Institute of Chartered Accountants of India (ICAI) on 11th July 2016 in Noida.

The programme was divided into three sessions. (a) Implementation of IFRS (International Financial Reporting Standards) and Challenges before Commerce Teachers.

(b) Accounting Standards.

(c) The Companies Act, 2013.

Session 1 This session was conducted by CA Mohammad Salim on the Implementation of IFRS and Challenges before Commerce Teachers. He enriched and updated teachers by sharing information from his vast reservoir of knowledge on IFRS. He emphasised the need for IFRS and its convergence in India.

Session 2 This session was conducted by CA Sanjay Vohra on Accounting Standards. He presented, on a PowerPoint, the accounting standards being followed in India and the various amendments made from time to time to meet the requirements of economic development.

Session 3 This session on The Companies Act, 2013 was conducted by CA Anil Sharma. This was an interactive session regarding the revised provisions of The Companies Act, 2013. Recommendations This enriching workshop organised by the ICAI, clarified the various common issues faced by teachers while teaching the above topics. There was a suggestion made by the teachers to include Commerce as a mainstream subject along with other subjects at the class 9 and 10 levels to give students a broad idea about commerce early. The recommendation, the organisers felt was a valid one and ensured their support for it.

Ms. Komal Hotchandani.