AMP Industry Connect – Chartered Accountants, Auditing & Accounting

Speaker: Mrs. Ghazala Memon

Host: Shahana Khan

Audience: 30 Participants

1. Session Proceedings

The session commenced with the host, Shahana Khan, introducing herself and welcoming the participants. The session was then handed over to Hamid Raza for Qirat. The host introduced the AMP Industry Connect initiative and explained its purpose. An AMP introductory video was played to provide an overview of the organisation and its activities. The host introduced the speaker, Mrs. Ghazala Memon, and handed over the session to her. The speaker delivered an informative lecture using the example of Bharti, a small business owner, to explain financial concepts in a simple and practical way.

2. Key Discussion Points

Accounting and Financial Records

1. Importance of maintaining financial records and recording business transactions.
2. Understanding income, expenses and profit.

Auditing and Financial Verification

1. Checking financial records and supporting documents.
2. Importance of receipts, invoices and bank statements.

Taxation and GST

1. Introduction to GST and its application.
2. Difference between direct and indirect taxes.
3. Understanding tax compliance and billing.

Financial Planning and Budgeting

1. Managing income, expenses, savings and emergency funds.
2. Importance of budgeting and financial planning.

Career Opportunities in Accounting and Finance

1. Accountant
2. Auditor
3. Taxation and GST Professional
4. Financial Planning and Analysis Professional
5. Chartered Accountant (CA)

3. Interactive Q&A Session

1. An interactive Q&A session was conducted, allowing participants to raise questions related to accounting, auditing, taxation and financial planning.
2. The speaker addressed participants' queries and provided further clarity on financial concepts and their practical applications.

4. Conclusion

The session provided participants with practical insights into accounting, auditing, taxation, GST and financial planning. Through relatable examples of Bharti's business, the speaker made complex financial concepts easy to understand.

The session concluded with an interactive Q&A session, followed by a vote of thanks from the host, who appreciated Mrs. Ghazala Memon for her valuable insights and thanked all participants for their time and participation.

Regards,

TEAM AMP