Workshop on ‘Excel Applications in Financial Management’
The PG Department of Commerce (M.Com) in association with the Training, Internship and Placement Cell and Alumni Engagement Cell organized a highly informative and engaging workshop on ‘Excel Applications in Financial Management’ on 14th October 2023 between 11:30 am to 1:30 pm in the Smart Classroom. The Resource Person for the session was C.A Shravan Swarup, an expert in Microsoft Excel and Proprietor of D Shravan Swarup & Associates, Margao. The workshop aimed to provide students with practical knowledge and skills to effectively utilize Microsoft Excel for financial analysis, calculations and decision making. Ms. Petalia Coutinho of M.Com Part-II introduced the Resource Person.
Shravan Swarup commenced the session with an introduction to Microsoft Excel and its relevance in financial management. He emphasized that Excel is not merely a spreadsheet program but a versatile tool that can revolutionize the way we manage data, analyze information, and present results. He explained the concept of future value and demonstrated the application of Excel’s FV function for time-value-of-money calculations using real-life scenarios. He also covered the goal seek feature which is used to solve for an unknown variable to reach a specific goal. Students were also taught to calculate Equated Monthly Installments (EMI) for loans and investments using Excel’s PMT function. In addition, students were also taught to calculate Net Present Value (NPV) a crucial tool for evaluating investments projects using the Excel function. The Accounting Rate of Return (ARR) and Payback Period calculations were also covered during the session.
Throughout the workshop, practical examples were used to reinforce the concepts discussed. Students were encouraged to work on Excel spreadsheets and apply the functions to solve financial management problems. This helped to bridge the gap between theory and practical. The workshop was a valuable learning experience for the M.Com students. It provided them with practical skills and knowledge that are highly relevant to their academic coursework.
The Vote of thanks was proposed by Ms. Sheryl Antao of M.Com Part I, expressing gratitude to CA Shravan Swarup for sharing his expertise and to all the students for their active participation. 60 students from M.Com and B.Com programmes attended the session. The Flyer of the Workshop was prepared by Ms. Shine De Souza of M.Com Part II.
The Report is contributed by Miss Sushmeeta Suresh Chauwan of M.Com Part I and Ms. Petalia Coutinho of M.Com Part II