15th - 16th December, 2018 “Knowledge & Training with Ethical Quotient – Pathway to Professional Excellence.” Organized by the Board of Studies, ICAI Hosted by Rajkot Branch of WIRC & WICASA of ICAI ICAI Bhawan, Girirajnagar Main Road, Rajkot Website: www.rajkot-icai.org E-mail: [email protected] CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” ORGANISING COMMITTEE CA. Dhinal Ashvinbhai Shah Conference Chairman & Chairman, BoS, ICAI CA. Vijay Kumar Gupta Vice - Chairman, BoS, ICAI CA. Ankit Chotaliya Conference Co-ordinator & Chairman, Rajkot Branch of WIRC CA. Bhavin Mehta Conference Co-ordinator & Chairman, Rajkot Branch of WICASA & Vice-Chairman, Rajkot Branch of WIRC CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” Day 1 9:30 am to Inaugural Session & Interaction with Board of Studies 10:15 am Chief Guest: Shri Ketan Marwadi - MD & Chairman, Marwadi Stock Exchange Ltd. CA Dhinal Shah - Chairman, Board of Studies, ICAI. 10:15 am to Special Session I – CA Dhinal Shah - Chairman, Board of Studies, 11:30 am ICAI. 11:30 am to Technical Session : I – CA Nipun Singhvi- Famous Speaker, 01:30 pm Ahmedabad Topic: LAW - RERA – Salient Features - Class Action Suit – A remedy for Investors - Overview of Insolvency and Bankruptcy Code 02:00 pm to Special Session : II – CA M. Sathya Kumar - Youth Icon, Chennai. 03:30 pm 03:30 pm to Technical Session : II – CA Punit Prajapati – Famous Speaker, 05:00 pm Ahmedabad Topic: GST - GST Audit -Input Tax Credit under GST Regime -GST Annual Return 05:00 pm to Special Session :III – Shri Devangg Karia, Motivational Speaker, 06:30 pm Mumbai. CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” Day 2 10:00 am to Technical Session : III – CA Premnath D. - Famous Speaker, 11:45 pm Hyderabad Topic: ACCOUNTS & AUDITS - Effective Internal Control Systems – An Aid to Audit - Accounting aspects of Forex & Derivative Transactions - Convergence from AS to Ind AS 11:45 am to Special Session: IV- Shri Snehal Desai - Visiting Faculty, IIM, 1:15 pm Ahmedabad 02:00 pm to Technical Session : IV – CA Sunil Talati - Past President, ICAI. 04:00 pm Topic: Direct Taxes - Income Computation and Disclosure Standards – Impact Analysis - Crypto currency – Meaning, Transactions and its taxability - Regulations to curb Black Money & Benami Transactions 04:00 pm to Technical Session : V – CA Vikram Pandya - Speaker, ICAI, 05:45 pm Topic: Information Technology - Recent Developments in Forensic Audit - Artificial Intelligence in new era for Accounting and Auditing Profession - Data Security and Its Importance in Recent Era 05:45 pm to Valedictory Session 06:15 pm CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” PRESIDENT’S MESSAGE Dear Students, Chartered Accountancy has always been regarded as one of the most respectable and noble professions. With a progressive shift in economy in the last two decades, the role of Chartered Accountants has significantly enhanced in all spheres of economy, be it business, industry, financial services, banking, insurance, Government, NGOs, and especially in the corporate sector. In present times, Chartered Accountants are perceived as advisors to the management in specialized areas like Mergers and Acquisitions, Business Diversification, Risk Assessment, Costing, Valuation, International Taxation, Fraud Detection and Reporting. Perhaps Chartered Accountancy is one of the very few courses offering a balanced approach in education by providing a perfect blend of theoretical knowledge and practical training. The article- ship training an integral part of the Chartered Accountancy curriculum, gives you extensive practical exposure that helps to cultivate professional skill and expertise to apply theoretical concepts prudently in real situations. ICAI is committed to guide you to become outstanding and well-rounded professionals. Apart from bringing out academic inputs like Study Material, Revision Test Papers, e-lectures, webcasts, mentoring sessions and conducting Mock Tests, the Board of Studies (BoS) of ICAI also organizes various programs for your holistic development including National Students’ Conferences and contests like the Talent Search besides various other activities for students. I am pleased to know that the Board of Studies of the Institute of Chartered Accountants of India (ICAI) along with Rajkot Branch of Western India Regional Council and Rajkot Branch of WICASA is organizing CA Students’ Conference during December 15-16, 2018 in Rajkot. The theme for the conference is aptly titled “Knowledge & Training with Ethical Quotient - Pathway to Professional Excellence”. Knowledge: The Divine Light Knowledge facilitates firm foundation in academics as well as profession and gives us strength and confidence to strive for success in all walks of life. As students, you must enhance your knowledge beyond curricula by making time to read economic journals and dailies to update yourself. This will develop a scientific acumen to analyze and resolve complex financial problems threadbare, and also inculcate a keen CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” understanding of economic, industrial and financial situations from diverse perspectives, thus enabling you to develop your creative and research faculties as well as expression helping you to perform exceedingly well in interviews and group discussions. Ethics: The Guiding Principles Along with knowledge, ethical values are the fundamental principles, the guiding tenets to be followed by accounting professionals to demonstrate trust, honesty and fairness while rendering services to clients and stakeholders. As budding professionals, you must learn, understand and diligently exercise the ethical code of conduct during articleship. You must judiciously follow concepts of Integrity, confidentiality, transparency, objectivity and independence in your day-to-day dealings. To achieve your dreams, you will have to train yourself to demonstrate a strong work ethic to give your best and deliver consistent quality work, creating value. Strive for Excellence Setting a high standard for yourself in whatever you attempt and focusing on getting better by the day to achieve the ultimate goal of your life leads you to excellence. Be self-motivated, embrace challenges as learning opportunities, pushing the envelope each day, and seek guidance from people who have excelled in their areas, creating a habit and habitat for success. I am sure that the sessions at the conference would give you comprehensive exposure, helping you to understand and appreciate the diverse points of view. My compliments to the Chairman Managing Committee members and all the organizers for hosting the Conference. All the best for your future pursuits, CA. Naveen N. D. Gupta President, ICAI CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” MESSAGE FROM CHAIRMAN, BOARD OF STUDIES, ICAI It is our proud privilege to pen down a few words on the occasion of the two- day CA Students’ Conference for CA students being organized under the joint auspices of the Board of Studies of the Institute of Chartered Accountants of India and Rajkot Branch of Western India Regional Council at Rajkot on 15th & 16th December, 2018. The theme of the Conference “KNOWLEDGE & TRAINING WITH ETHICAL QUOTIENT- PATHWAY TO PROFESSIONAL EXCELLENCE” is aptly chosen and we appreciate the organizers for selecting such a contemporary theme. Conferences like this are the perfect platform to expand your knowledge and passion for accountancy profession while connecting with like-minded people from across the country. Such conferences also enable you to meet and interact with eminent professionals who are passionate about the future of accountancy profession and are incredibly receptive to the needs and desires of students. Our profession is constantly changing. So it is important to attend Students’ Conferences to surround yourself with people who are just as excited and passionate about CA profession. We hope you’ll join us at the Conference in Rajkot so we can use our voice to influence the progression of our coveted profession. We wish the Conference all the success. CA. Dhinal A. Shah Chairman, Board of Studies, ICAI CA Students Conference – 2018 “Knowledge & Training with Ethical Quotient –Pathway to Professional Excellence.” MESSAGE FROM RAJKOT WIRC CHAIRMAN Dearest Students, Its my utmost pleasure to welcome all the student delegates to this CA Students Conference – 2018 organised by the BOS ICAI and hosted by the Rajkot Branch of WICASA. There have been numerous changes in taxation and other laws in recent days due to which it is extremely required for students to be updated and sharpen their skill and knowledge to succeed in their carrier. Though along with every challenge there is an opportunity to shine out as a specialized professional and reach pinnacle in the profession, it also requires detailed continuous study for students. Rajkot branch of WICASA is always proactive in catering the knowledge based programs requirement and thereby enlightening and educating the students. We at Rajkot Branch, organize various seminars and lectures for students of Rajkot as well as nearby centers. To upgrade the skills of the students, BOS has