The 2nd YRRC of BCAS was organized under the aegis of the Membership and Public Relations (MPR) Committee in the young and beautiful city of Goa. The young chartered accountants attending the YRRC constituted a mix of practicing and industrybased chartered accountants. The diversity of work backgrounds and geographical affinities of the participants coupled with the informal locale added fresh colours to the YRRC.
Designed with the intent to share knowledge in an unconventional manner using a youth-friendly approach, the YRRC was a mix of interactive workshops, group discussions, presentations, networking and entertainment spread over a wide range of topics of professional interest. While the days were filled with technical sessions, evenings provided opportunities to unwind by the beach with music, networking, singing and dancing.
Most of all, the YRRC provided a platform to its participants to learn from an elite group of speakers in a rather closed and personal setting and to interact and network with them at an informal level.
Summarised below is a snapshot of the technical sessions.
DAY 1 Thursday, 19th February 2015
Inauguration Session by Chairman of the MPR Committee – Mr. Naushad Panjwani
Chairman, Mr. Naushad Panjwani, inaugurated the YRRC by extending a warm welcome to all the participants and set the tone and momentum for the 4 days of the event.
SESSION 1
INTERACTIVE WORKSHOP – CLIENT PITCHING
Speaker: Mr. Vaibhav Manek
Mr. Manek, author of the book ‘CA Firm of the Future’, explained in detail concepts such as mission, vision and values of a CA firm, clients development process, marketing strategies, balanced scorecard, marketing funnel, etc. He carried out exercises with the participants to demonstrate how to have effective marketing strategies and how to prepare for client presentations.
SESSION 2 PRESENTATION – MAKE YOUR MONEY WORK FOR YOU
Speaker: Mr. Sunil Jhaveri
Mr. Jhaveri, an expert at financial planning, explained the various investment avenues which young professionals could avail of to get into the habit of investing early and investing smart. He shared the mantras to make goal-oriented investments.
DAY 2 Friday, 20th February 2015
Session 1 – group discussion – rea l estate , reits and aifs – issues in accountin g, taxation & fema
Speaker: Mr. Anup Shah
During the group discussion led by Ms. Kinjal Bhuta, the participants discussed the posers raised by the Paper Writer, Mr. Anup Shah. The discussion revolved around the relatively newer concepts of REITs and AIFs and the various taxation and accounting issues in the subject. The speaker delved deep into the concepts of REITs and AIFs. He highlighted the controversies in accounting and taxation of these instruments and spoke about his expectations from the Budget on the subject. All the participants’ queries were satisfactorily answered.
SESSION 2 – PRESENTATION – OPPORTUNITIES IN MULTI-CHANNEL RETAIL
Speaker: Mr. Kumar Rajagopalan
Mr. Rajagopalan, CEO of the Retailers Association of India, spoke on career opportunities for CAs in the multichannel retail segment. His detailed analysis of the retail segment in India provided great insights to participants to the retail business world. He highlighted the various stages in the retail industry which a CA can service. He also brought to light some of the niche areas where a CA’s professional expertise could be put to use. Newer exciting career avenues for practicing as well as industry-based CAs were brought to the fore.
SESSION 3 – INTERATIVE WORKSHOP – BUSINESS ETIQUETTES
Speaker: Ms. Shital Kakkar
Ms. Kakkar, one of India’s best known corporate etiquettes trainer, spoke to the participants about the musthave etiquettes in a business environment. In a world which is getting increasingly polished by the day, proper professional behavior and courtesies go a long way in making good first impression and retaining it for the longer term. Through activities and exercises, she brought out the tricks to making good impressions and to avoid a business faux pas.
DAY 3 Saturday, 21st February 2015
SESSION 1 – BASE EROSION AND PROFIT SHIFTING
Speaker: Mr. Tilokchand P. Ostwal
Well renowned in the world of international taxation and transfer pricing, Mr. Ostwal explained to the participants about the upcoming Base Erosion and Profit Shifting project of the OECD and its impact on India. He shared some of the more commonly arising issues for India, his views of the same and the Governments’ actions/inactions to resolve. This was a great opportunity for the young CAs to get introduced to a project which the world has its spotlight on.
Sight-seeing, dinner & entertainment
Post the afternoon siesta, participants embarked on the Goa sight-seeing trip organised by BCAS to explore the bounties Goa had to offer.
DAY 4 Sunday, 22nd February 2015
SESSION 1 – PRACTICAL ASPECTS OF DUE DILIGENCE
Speaker: Mr. Akshay Kapur
Mr. Kapur discussed different types of due diligence that exist in a business scenario. Mr. Kapur took the participants through the process flow in the life cycle of a deal and stage at which due diligence has a role to play. He explained with examples how a due diligence finding could make or break a deal. He discussed case studies based on issues he had come across during the course of his career in the field.
SESSION 2 – BUSINESS OF MOVIES & OPPORTUNITIES FOR CAs
Speaker: Mr. Komal Nahta
Mr. Nahta, editor and publisher of “Film Information” and a television show host, joined the participants for the last session of the YRRC to share insights into the glitzy and glamour world of the movie business. He explained how the movie industry trades and the revenue models peculiar to the industry. Mr. Nahta shared some ideas as to how a young CA could make headway in seeking clients from the movie industry.
The YRRC ended on a happy note with vote of thanks to the organisers and the participants.
