Patiala: March 13, 2015
An expert talk on ‘Financial Statement Analysis’ was organized by Department of Commerce, M M Modi College today. Dr R. S. Arora, Professor, Dept of Commerce, Punjabi University, Patiala was the speaker on this occasion. He emphasized the need to understand the vital information hidden in the financial statements prepared by the business entities at the end of each financial year. He focused primarily on Ratio Analysis and its relevance in interpreting the liquidity, solvency and profitability.
He shared the information of two leading companies-Reliance Industries Ltd. and Bharat Heavy Electricals Ltd. and explained their actual ratios for the last six years. With these ratios, students raised very probing questions regarding these companies to understand the impact of change in ratios on liquidity, turnover, solvency and profitability.
Prof. Nirmal Singh, Head of the Department welcomed the guest and Prof. Sharwan Kumar and Mrs. Neena Sareen thanked the guest-speaker and the members of the faculty. Students interacted with the speaker very enthusiastically.
Dr. Khushvinder Kumar