Day 8

Faculty : Ankit shahTopic : Practice & Career Development

After sharing his experience with ICAI, he started discussion regarding his job profile and current scenario of jobs and current market situation.

He said if you are in job profile which you don't have interest in then your brain will be depreciated at 100% p.a. So choose your job profile very wisely. If you have an interest in auditing then choose the firm or company through which you can improve yourself even though there is more pay in taxation field.

What do you mean by success ??

 When your father feels proud and jealous on son that means son is successful.

How many of us are having Facebook account but do we know the source of income for FB ??

 Main source of income is advertisement and here is the link from which we can get the exact idea " http://www.mymagicfundas.com/how-facebook-is-earning-money/ "

After tea break sir gave us a task in which we were in a group of 8-9 members and we have to prepare a projected profit and loss statement and balance sheet for three years for new business or new segment. 
First of all we had to decide which business we should choose so that we can prepare almost realistic financial statement. Help of Google was strictly prohibited. :P
After too much of thinking we choose a builder line and prepared financial statement. After this we had to explain what is the strength\weakness\risk factors in this business. It was a good experience and we learned that which problems we have to face while preparing projected financial statements. 

At last one strong suggestion for us was to read at least one business news paper so that we prepare ourselves for the upcoming hard time.

After all that was good day .. !!