BOS Journal is the repository for study material for the students. BOS publish the monthly edition to benefit the student community. Students – ICAI enjoy the learning platform with gratitude. ICAI wants to mark the 25th anniversary with a silver jubilee celebration. This journal provides the monthly news, events and articles that enrich the student’s knowledge. Students understand inflation, repo rate changes, usage of technology in the finance sector, guidelines from SEBI, and new releases of SEBI, NSE market new launches, and payment system-related news through the student journal. It provides the hot news and talks about the monthly changes. The journal gives an assignment to the students for articles, reports and formal letters for business correspondence. The journal educates the hard subjects with a broad view from the writers. It provokes the reading habit and enhances the knowledge of the students.
Recently, honourable Prime Minister Narendra Modi greeted chartered accountants on CA day. He said that they contribute to the growth and ensure transparency in the financial sector. The signature of a chartered accountant is an assurance of trust-building. The blog engages the readers with interesting articles from past CA student journals.
ICAI president speech about CA journal:
ICAI president mentioned in his speech that the completion of 73 years marks the reverence of the founding fathers. Being a Chartered accountant professional, the students get exposed to dynamic scenarios. The first president of ICAI institute CA G.P. Kapadia mentioned the chartered accountancy profession in his book “History of the Accountancy profession in India”. He said that professionals meet many challenges and hold immense possibilities. President communication with the students encourages educational resources for the students.
The latest edition of Student Journal:
The 25th edition of Students journal explains the image of Garuda in the logo. The wisdom, devotion, sharp vision, industriousness, wings of fire, leadership, and speed are ideologies hidden inside the logo. The journal spreads the inspirational story of CA student Preethu. She died due to the deadly infection from coronavirus. Her fighting spirit is a model for students who find travelling and writing examinations challenging tasks. Distance plays a crucial role in doing professional courses like CA. Students need to bear in mind that fighting starts at a young age. We are gifted with a healthy body to fight against success. The healthy fight ends with grand success for the students. Initially, the student journal was published as a newsletter. The need for digital learning transformed the newsletter into a student’s journal. Digital learning is part of studies with ICAI. Students of ICAI are gifted with audiobooks, Wikipedia links, and quizzes for assessment towards the end of each chapter. The financial reporting review board, peer review board, quality review board, ethical standards board, taxation audits quality review board, and centre for audit quality directorate, are some of the establishments that strengthen the chartered accountancy profession.
The last edition of the student’s journal:
June 2022 edition:
Eminent messages from the Past student journal inculcate the reading habit in the students. The June 2022 journal had chosen data analytics as the subject for knowledge updates. The different types of data used for analysis are text-based, graphic-based, audio type and video type of data. Text analysis help in understanding spam or fraud. Statistical data helps understand buyer behaviour and design sales strategy.
Exploratory data use graphics and statistics for explaining the data patterns. The diagnostic analysis use statistics. Predictive analysis helps understand the competition and future events. The prescriptive analysis uses all types of analysis and finds answers to the business challenges.
The May edition has forensic accounting in the knowledge update. The detailed explanation help in understanding the dynamic subject better. The journal consists of a flow chart about fraud in different sectors. It proclaims vulnerability. The fraud activities in Real estate and infrastructure go as 52 per cent. The fraud transactions in financial services are around 34 per cent. The Telecom sector faces five per cent. The manufacturing sector deals with three per cent of fraud activities. The electronics and IT sectors face two percentage of fraud. The hospitality and tourism sector deals with two per cent of fraud activities. At the top of the list is the real estate and financial services. The real estate industry is operating in line with inflation. The prices rise and fall as per the economic condition. The reason for the fraud activity in this sector is pressure and rationalisation. The financial sector also works in line with inflation. The economic condition decides the schemes and interest rates of the financial sector. Bank and insurance frauds are because of perceived opportunity and pressure. Customers are eagerly looking for opportunities. Lack of information or service leads to fraud activity in the financial sector.
The February edition engages the readers with the latest news as SEBI’s control over IPO and RBI’s interest in Foreign exchange derivatives. Branded companies are struggling amidst competition to make money. The new-age firms referred to as IPO are facing problems in making profits. SEBI want to hear from the IPOs regarding the past three year’s profits. The documents submitted by the new-age tech firms show that the companies have less focus on profits. SEBI act as a mediator between the companies and investors. From the investor’s viewpoint, it is safe to tighten the pricing of IPO shares. This help stabilises the profits and uses the profits for raising funds. Henceforth IPOs are monitored by the credit rating agencies. Commercial banks and financial institutions are not authorised to monitor the IPOs. SEBI had made changes to the lock-in period, NII category of share allotment and OFS (offer for sale). The news propagates the low performance and focus of the start-up companies.
There are two types of derivatives. One is the interest rate and the other one is the currency derivative. The swap with the interest and currency is used as an agreement between two parties. The agreed parties deal securely with the fluctuations. The changes in the regulations and policies help to understand the basic operations and amendments.
Learning is a lifelong process. Students should learn materials apart from books to gain general knowledge. Student journals provoke the subject and general knowledge of the students.