COCHIN CHAPTER OF THE INSTITUTE OF COST AND WORKS by cuiliqing

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									 COCHIN CHAPTER
 OF
 THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA




                                                   www.icwaicochin.com
                                              January – March | 2010

INSIDE

     Chairman’s communique
     Professional development seminars
            INSIGHT Costing - the Success Mantra for MSMEs

            Management of Stress Free Living

            Investors Awareness Pragramme.

            Union Budget 2010

            Capability Enhancement Program

     PD program calendar
     Career guidance initiatives
     Modular Training
     Southern India Regional Inter Chapter Students’ Fest - PRAGATHI




                Judges Avenue, Kaloor, Cochin – 682017
                         Ph: 2403536, 2400130
                       E-Mail: cochin@icwai.org
NEWS LETTER




               CHAIRMAN’S COMMUNIQUE

              Dear professional colleagues,

                     I am delighted to be in touch with you through this column and this will be my
              last communication to you as chairman of the chapter. I feel that I could follow the trend set by
              my predecessors and do many things for professional development during my tenure also.
                     During my tenure as chairman 13 professional development programmes were
              conducted and members’ participation in these programmes were also very good. Chapter was
              reasonably represented in all Regional and National Cost Conventions, SIRC meetings and
              Chapters’ meet. We have successfully conducted various programmes in connection with India
              Corporate week celebrations and our performance was commendable as opined by several
              SIRC and Central Council members.
                      I met the Hon’ble Minister for Finance ,Govt. of Kerala and gave a representation to the
              Minister to amend the Kerala Vaue Added Tax Rules so that members of the profession will be
              treated at par with Chartered Accountants and will become eligible to be considered for
              appointment as members of the Tribunal and Settlement Commission. A similar representation
              was given to The Commissioner of Commercial Taxes also. Eventhough Cost Accountants are
              eligible for conducting VAT audit , only Chartered Accountants are eligible to become members
              of the Tribunal and Settlement Commission as per the existing rules. During discussion Minister
              agreed to consider the grievance favourably. Matter is followed up regularly with Commercial
              Taxes Department .
                     We have received approval from Cochin Corporation Authorities for the construction of
              new building in our land at Chalikkavattom , near Vyttila. Foundation stone laying ceremony of
              the building will be arranged in the 1st half of May 2010 and further details will be informed to
              all members on finalising the same.
                     During the year two more satellite Coaching centres were added . Programmes for
              improving the capability of students were also conducted . I am extremely happy that the
              Examination results of our Oral Coaching Centres was above the all India average . We have
              also started oral coaching for final examination at Jeevas Kendram , Aluva with reasonable
              student strength.
                     All these could be achieved with the tremendous support received from my colleagues
              in the Management Committee . I gracefully acknowledge the services rendered by my
                                                                                                                  January – March 2010
                                                                                                                  January – March 2010




              colleagues in the Committee . I wish to recall the unstinted support received from each and
              every one of you, , my colleagues ,staff of the chapter , faculty members and other well-
              wishers ; but for this , many tings could not have been achieved . I once again thank you all for
              the support and co operation and request you to extend the same to my successor.
                                              Wish all of you a “ HAPPY VISHU”
                     With best regards,
              CMA C.A. Thulasidas
              Chairman

              ICWAI COCHIN CHAPTER                                                                           2
                                                                                                                             NEWS LETTER
                                        MANAGEMENT COMMITTEE FOR THE YEAR 2009-2010
                                     Sri. C.A. Thulasidas          :   Chairman
                                     Sri. Sankar P. Panicker       :   Vice - Chairman
                                     Sri. Ramdas S.                :   Secretary
                                     Sri. Jayaraj K.               :   Treasurer
                                     Sri. Sivakumar P.             :   PD Committee Chairman
                                     Sri. Santhosh V.              :   Member
                                     Sri. Padmakumar V.K.          :   Member
                                     Sri. Santhosh Kumar V.        :   Member
                                     Sri. Sunil Chacko             :   SIRC Nominee
                                     Sri. Raman Rajah              :   Special invitee
                                     Mr. Thanseer M.S.             :   Students committee Chairman

                         INSIGHT Costing - the Success
                              Mantra for MSMEs
                             The Chapter had conducted a seminar
                       on “INSIGHT Costing - the Success Mantra
                       for MSMEs” on 9th January 2010 at the
                       chapter premises. Shri. K. Sreekumar,
                       Faculty, FISAT School of Management             Shri. K. Sreekumar, Faculty, FISAT School of
                       delivered the topic.                            Management delivering talk on INSIGHT Costing
                                                                       - the Success Mantra for MSMEs
                            CMA Sankar P. Panicker, Vice -
                       Chairman, welcomed the gathering and CMA
                       Santhosh Kumar V, Management Committee          Management of Stress Free Living
                       Member expressed vote of thanks.                Chapter in association with ICSI conducted a
                                                                       half-day seminar on the topic “Management
                          The meeting was well attended by the
                                                                       of Stress Free Living” at Chapter premises on
                       Members and Final students.
                                                                       26th of January 2010. Prof E V Swaminathan
                                                                       delivered the talk. CMA Sankar P. Panicker,
                                                                       Vice Chairman, presided over the function.
                                                                       CS Kammath S.P, Past Chairman, ICSI
                                                                       welcomed the gathering and CMA C.
                                                                       Balachandran, Director expressed vote of
                                                                       thanks.
January – March 2010




                                                                            Prof. E. V. Swaminathan delivering talk on
                                                                            Management of Stress Free Living




                       ICWAI COCHIN CHAPTER                                                                              3
NEWS LETTER

                 Investors Awareness Pragramme                        CMA A. V. N. S. Nageswara Rao Chairman
                 Cochin Chapter, in association with the              Southern India Regional Council           of the
                 Ministry of Corporate                                Institute, Chennai was the Chief Guest. Dr .I.
                 Affairs, Government                                                    Ashok, Vice Chairman,
                 of India, organised a                                                  CMA          Om        Prakash
                 Half-day seminar on                                                    Professional Development
                 “Investor Awareness”                                                   Committee Chairman, and
                 on 6th March, at                                                       CMA         Sunil      Chacko,
                 Hotel Park Centre,                                                     Chairman             Students’
                 Kaloor. The Seminar                                                    facilities, of SIRC felicitated
                 was inaugurated by                                                     in the seminar.
                 the Chapter Chairman
                 CMA C. A. Thulasidas.                                                        The government of
                 Shri. Sriram, Head, CMA A. V. N. S. Nageswara Rao, Chairman, SIRC, India wants to spread the
                 Credit     &      Risk Chennai inaugurating the investor awareness message             of    better
                 Management,       JRG  programme by lighting the lamp. CMA Sankar P.    investment opportunities
                 Securities         Ltd Panicker, Vice Chairman, Cochin Chapter Shri. available in the share
                                        Sriram, Head, Credit & Risk Management, JRG
                 presented the subject Securities Ltd, CMA Dr. I. Ashiok, Vice Chairman, market to the ‘AAM-
                 with Do’s and Don’ts SIRC, CMA Om Prakash, PD Committee Chairman, AADMI’- the common
                 in dealing with share SIRC, CMA Sunil Chacko, Chairman Students’ man, with a view to
                 market by common facilities, SIRC are also seen.                        enable      the   inclusive
                 man.                                                                    growth        in    capital
                                                                      formation. With this intention, a series of
                                                                      seminars are being organized pan India by the
                                                                      Ministry of Corporate Affairs, Government of
                                                                      India and the Institute of Cost and works
                                                                      accountants of India          is a major
                                                                      implementation partner.


                                                                        Shri. Sriram, Head, Credit & Risk Management, JRG
                                                                        Securities Ltd delivering talk on Do’s and Don’ts in
                                                                        dealing with share market by common man



                 Union Budget 2010                                    Main Speakers were Mr. Sherry Samuel
                 Chapter in association with ICSI conducted a         Oommen, Manager - Tax & Regulatory
                 seminar on “Union Budget 2010” at Hotel              Services, KPMG and Adv. Jose Jacob, Senior -
                 Park Central, Kaloor on 6th March 2010.              Tax & Regulatory Services, KPMG.
                                                                                                                               January – March 2010




                 The function was presided over by CS
                                                                                                                               January – March 2010




                 sivakumar P, Chairman, ICSI and Chairman,
                 PD Committee, Cochin Chapter and also
                 welcomed the gathering.


              Mr. Sherry Samuel Oommen, Manager - Tax &
              Regulatory Services, KPMG delivering speech on
              union budget 2010.




                 ICWAI COCHIN CHAPTER                                                                                   4
                                                                                                                                  NEWS LETTER
                       CAPABILITY ENHANCEMENT PROGRAM                   members from 16th March 2010 to 24th
                                                                        March 2010.
                       Cochin Chapter conducted a Capability
                                                                        The main aim of the programme was to
                       Enhancement   Programme   for  fresh
                                                                        develop the personality and soft skills.


                                                  SATELLITE CENTRE INAUGURATION

                       A new satellite centre of Cochin Chapter at      the gathering. Sr. Jhaney George, Director,
                       Holy Cross Institute of Management &             HCIMT, Sr. Elsitta P., HOD, Secretarial
                       Technology, Calicut was inaugurated on 30-       Practice, Shri. Shiju P., HoD, Hotel
                       1-2010. Shri. P. V. Chandran, Managing           Management, Ms. Rintu Thomas, Student
                       Director, Mathrubhumi was the Chief Guest.       Representative felicitated on the occasion.
                       CMA Sankar P. Panicker, Vice Chairman,           The ICWAI Course Co-ordinator shri. Anish
                       Cochin Chapter presided and Prof. K. P.          Sebastian, expressed vote of thanks.
                       Jayachandran, Principal, HCIMT welcomed

                       PRAGATHI
                          The Southern India Regional Inter
                       Chapter Students’ Fest – PRAGATHI -2010
                       was held on 20th February 2010 at Gokulam
                       Convention Centre, Kaloor, Ernakulam. The
                       programme was well attended by the
                       students of various Chapters under SIRC.
                           Under the presidentship of CMA. C.A.
                       Thulasidas, Chairman, Cochin Chapter, Shri.
                       Dominic Presentation, MLA, Ernakulam
                       inaugurated the function by lighting the        Shri. Dominic Presentation, MLA, inaugurating the
                       traditional Nilavilakku. Mr. Thanseer M.S.,     event Pragthi. Shri. Surya Prakash Kukyan, CEO, OPI,
                       Chairman, Students Committee welcomed           Mr. Thanseer M.S., Students Committee Chairman,
                       the gathering and CMA. Sunil Chacko, Past       Shri. Thulasidas, Chairman, Shri. Sunil Chacko, Past
                                                                       Chairman SIRC and Shri. Varghese Chandy, Senior
                       Chairman, SIRC felicitated on the occation.
                                                                       Manager (Marketing) Malayala Manorama are also
                       Shri. Varghese Chandy, Senior Manager           seen.
                       (Marketing) Malayala Manorama presented
                       the keynote address. The Newly redesigned            In the afternoon there was a business
                       chapter website was launched by Shri. Surya      quiz which was led by Dr. Rajagopala Nair,
                       Prakash Kukyan, CEO, OPI at the function.        HoD, Commerce, St. Alberts’ College,
                       Shri. Avinash R. Nair, Student representative    Ernakulam. 6 Chapter’s students participated
January – March 2010




                       expressed vote of thanks.                        in the Quiz programme.
                           After the inaugural Ceremony, Shri.              The valedictory function was presided
                       Surya Prakash Kukyan, CEO, OPI took a            over by CMA Sankar P. Panicker, Vice
                       seminar regarding the topic “Cost                Chairman and inaugurated by Ms. Teenu
                       Accounting as a Career and Opportunities”.       Tellance, Idea Star Singer fame.
                       After that, various events like Product              The students of Cochin Chapter
                       launch, Mock press etc. were conducted.          presented various cultural events after that.
                                                                            Finally the rolling trophy was bagged by
                                                                        Cochin Chapter.

                       ICWAI COCHIN CHAPTER                                                                                   5
FACTORY VISIT
Chapter arranged industrial visits to its Intermediate and Final students as per the below table.
        Date            Batch                                  Company
     28/1/2010      Final Stage III   Malabar Cements, Palakkad
     03/02/2010     Group I Tirur     Kerala Electricals & Allied Engg. Co. Ltd., Malappuram
     04/02/2010    Group I Nirmala    Meat Products of India Ltd., Koothattukulam
     06/02/2010       Group IA        Apollo Tyres Ltd., Kalamassery
     09/02/2010       Group IB        Travancore Cochin Chemicals Ltd., Udyogamandal
     10/02/2010       Group IC        F. A. C. T. Ltd., Udyogamandal
          “        Group I Calicut    Arya Vaidya Sala, Kanjikode, Palakkad
     13/02/2010        Group II       The Hindustan Newsprint Ltd.,Velloor, Kottayam
     17/02/2010     Group I Aluva     Kerala Agro Machinery Corporation Limited,Athani
BUSINESS COMMUNICATION SEMINAR & GROUP DISCUSSION
As part of the curriculum, Chapter conducted Business Communication Seminar & Group
Discussion for Intermediate Students at Chapter Premises as well as its various satellite centres.
The details are furnished below

BUSINESS COMMUNICATION SEMINAR

                         Date               Place              Trainer
                      23/1/2010       Muvattupuzha       Nijoy Jose
                      24/1/2010       Kaloor             Abraham Stephen
                      25/1/2010       Tirur              Nijoy Jose
                      26/1/2010       Calicut            Nijoy Jose
                      30/1/2010       Kaloor             Tomy Cherian
GROUP DISCUSSION
                                   Date               Place
                                31/1/2010      Kaloor
                                7/2/2010       Kaloor
                                12/2/2010      Muvattupuzha
                                14/2/2010      Calicut (Morning)
                                               Tirur (Afternoon)
MODULAR TRAINING FOR POSTAL STUDENTS
Cochin Chapter conducted one week full, modular training for Final Postal Students. Around 25
students from SIRC region participated in it.

ASSESSMENT EXAMINATION
The first & final CC assessment examination was conducted during this period as per the
following time table.
FIRST ASSESSMENT EXAMINATION                         FINAL ASSESSMENT EXAMINATION
                                                             Date                 Batch
        Date                     Batch               12-14 March        Group II
11-13 January          Intermediate I & II           13-14 & 20 March   Group I
16-17 January          Final III & IV                27-28 March        Final III & IV
                                                     25-28 March        Foundation
                                                                                   NEWS LETTER
                       FORTH COMING PROGRAMMES

                       Foundation Stone Laying Ceremony of New Building


                       The foundation stone of the new building at Vyttila
                       proposed to be laid by the President Shri. G. N.
                       Venkitaraman on May 9, 2010 at Silver Jubilee Hall of
                       Cochin Chapter at 5.30 pm.
January – March 2010




                       ICWAI COCHIN CHAPTER                                    7
 COCHIN CHAPTER
 OF
 THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA




                                                   www.icwaicochin.com
                                              April – June | 2010




INSIDE

     Chairman’s communique
     Salient points of 42nd AGM
     New Management committee members
     Professional development seminars
            ERP Solutions for SME Segment

     Career guidance initiatives




                Judges Avenue, Kaloor, Cochin – 682017
                         Ph: 2403536, 2400130
                       E-Mail: cochin@icwai.org
NEWS LETTER    CHAIRMAN’S COMMUNIQUE

              Dear professional colleagues, 

                 It  is  with  immense  pride,  I  write  this  first  edition  of  the  Chairman’s 
              communiqué.  

                   The new managing Committee has taken over from May 31st 2010 itself with the continued 
              faith  of  the  professional  colleagues.  The  Managing  Committee  place  on  record  its  sincere 
              gratitude for the support and trust bestowed upon and being the head of the committee, I am 
              extremely confident of living up to your expectations.  

                    The  month  of  June  2010  saw  some  remarkable  actions  taken  at  the  chapter  level.  The 
              initiative towards oral Coaching and professional developments were given equal focus. 

                    During the month of June, we had conducted one professional development seminar which 
              is  of  utmost  importance  to  the  cost  and  management  accounting  profession.    Needless  to 
              mention  the  topic  of  “ERP  solutions  for  SME  Segment”  presented  by  Mr.  Manoj  Nambiar  has 
              been well attended and appreciated. The choice of subject was based on the firm conviction that 
              the SME segment is growing in tremendous pace in Kerala and the role to be played by a CMA is 
              also equally important and growing. 

                    Your managing committee has decided to take up oral coaching to the next level leveraging 
              the  skill  sets  and  information  and  technology.  Creating  visibility  for  the  profession  was  one  of 
              key  initiatives  taken  up  during  the  month.  The  “Thozhilveedhi”  the  joint  seminar  with 
              ‘Manorama’  newspaper  had  seen  a  huge  number  of  participants  across  Kerala  attending  and 
              benefiting  by  the  valuable  take  away.  This  is  apart  from  the  various  career  guidance  seminar 
              initiatives taken up by the chapter. 

                   Understanding the gap of quality in the fresh CMAs, the chapter has decided to re‐structure 
              the oral coaching by starting full day classes at intermediate level with value additions like SAP 
              certifications and soft skill development program. The students in this fast track stream will be 
              able to save valuable time in career forming period by attending additional hours of coaching.  

                   As part of the consistent efforts to reach the students in the nook and corner of the state, 
              the  Chapter  has  tied  up  with  Edyounet  a  technology  provider  who  has  franchisee  tele‐
              classrooms across the state. By leveraging the information technology the quality oral classes at 
              Cochin chapter will be telecasted across all the tele‐classrooms, whereby the students at far off 
              places in the state will be able to attend the classes at Cochin chapter and its efficient faculty. 
              We  hope  to  get  good  response  for  this  channel  of  education  from  the  students  for  both 
              foundation and intermediate courses. 
                                                                                                                                April – June 2010




                   I represented the chapter in the 2nd CMA Global meet at Srilanka held from 29th June to 1st 
              July, 2010. The Institute was represented by a strong contingent of Central council and regional 
              council members. I look forward to bring few good resource speakers, whom I met during the 
              summit for our professional development seminars. 

                    I look forward for your valuable views for making our chapter the national benchmark 
              for  all  the  professional  initiatives.  For  this  I  seek  your  support,  which  am  sure  will  be 
              showered on me in abundance. 

              ICWAI COCHIN CHAPTER                                                                                         2
                                                                                                                                   NEWS LETTER
                        At  the  cost  of  formality  let  me  also  thank  the  incessant  support  extended  by  the  chapter 
                    secretariat.  
                        I wish you all the very best in whatever you do..! 



                                      
                    Sankar P Panicker 
                    Chairman




                                                                 
                                                                 
                                                                 
                                                   Annual General body Meeting 
                            The  Annual  General  body  Meeting  of  the  Cochin  Chapter  was  held  on  Sunday, 
                            30th  May  2010  at  Silver  Jubilee  Hall  of  ICWAI  Bhavan  at  11.00am.  The  function 
                            was presided over by Shri. C. A. Thulasidas, Chairman.  
                             
                            The  Reports  and  Accounts  for  the  year  2009‐2010  were  unanimously  adopted 
                            and approved. The Managing Committee members for the year 2010 ‐ 11 were 
                            also elected at the AGM: 




                                 MANAGEMENT COMMITTEE FOR THE YEAR 2010-2011

                                   Sri. Sankar P. Panicker              :   Chairman
                                   Sri. Ramdas S.                       :   Vice - Chairman
April – June 2010




                                   Sri. Jayaraj K.                      :   Secretary
                                   Sri. Santhosh V.                     :   Treasurer
                                   Sri. Sivakumar P.                    :   PD Committee Chairman
                                   Sri. Raman Rajah                     :   Member
                                   Sri. Padmakumar V.K.                 :   Member
                                   Sri. Santhosh Kumar V.               :   Member
                                   Sri. Sunil Chacko                    :   SIRC Nominee


                    ICWAI COCHIN CHAPTER                                                                                      3
NEWS LETTER




              ERP Solutions for SME Segment
                     Cochin  Chapter  conducted  a  seminar  on  “ERP  Solutions  for  SME  Segment”  on  15th  May 
              2010 at the chapter premises. Shri. M.K. Manoj Nambiar, Vice President (Sales) ‐ Nortech Infonet 
              Pvt. Ltd., Cochin was the speaker. 
                     The meeting was presided by Shri. P. Sivakumar, P. D. Chairman, ICWAI Cochin Chapter and 
              Shri.  Sankar P. Panicker, Vice Chairman, welcomed   the gathering and  Shri. Santhosh V., M. C. 
              Member express vote of thanks.  
              COACHING RELATED ACTIVITIES 
              HORIZON EXHIBITIONS
               
              Cochin  Chapter  participated  in  the  Horizon  Educational  Exhibition  conducted  by  Malayala 
              Manorama at various places.

                                          Date                              Venue 
                                 1‐5‐2010 to 3‐5‐2010         Jafarghan Colony Ground, Calicut 
                                 4‐5‐2010 to 6‐5‐2010         Peeyem auditorium, Kottakkal 
                                 8‐5‐2010 to 10‐5‐2010        Ernakulathappan Ground, Ernkulam 

              ICWAI – MANORAMA FREE CAREER GUIDANCE SEMINAR 
               
                    Cochin  Chapter  in  association  with  Malayala  Manorama  conducted  a  free  Career 
              Guidance Seminar on 27th June 2010 at Chapter premises. 
                    The  seminar  was  inaugurated  by  Shri.  Sankar  P.  Panicker,  Chairman.  Shri.  C. 
              Balachandran,  Director  welcomed  the  gathering,  Shri.  Thomas  Ravi,  DGM‐circulations, 
              Malayala  Manorama  ,  Cochin  felicitated  and  Shri.  Santhoash  Kumar  V.,  MC  member 
              expressed vote of thanks on the occasion. 
                    The  seminar  was  split  into  morning  and  afternoon  sessions.  Around  175  students  and 
              their parents  were attended  the programme. This seminar was mainly  for +2 and gradualte 
              students.  The  aim  of  this  seminar  was  to  spread  the  opportunities  and  other  details  of 
              professional courses like CWA, CS and CA. 
                    In  the  morning  session  which  was  started  at  10.00am,  Shri.  Sankar  P.  Panicker  , 
                                                                                                                               April – June 2010




              described  in  details  the  CWA  course  and  other  professions.  Lots  of  queries  regarding  the 
              course  structure,  fees,  duration,  job  opportunities  etc.  raised  form  the  audience  and  the 
              speaker  gave  suitable  and  correct  solutions  for  that.    The  session  was  very  useful  for  the 
              students to know in deep the Professional courses like CWA, CS and CA. 
                    Chapter provides lunch for the audience. The after noon session was started at 1.30pm. 
                    This  session  was  to  develop  the  communicative  skill  and  personality.  Shri.  M.  A.  S. 
              Menon, leading international trainer lead the session. 
                     
                     
              ICWAI COCHIN CHAPTER                                                                                         4
                                                                                                                                       NEWS LETTER
                        
                       
                       
                       
                                                                              Shri.  M.K.  Manoj  Nambiar,  Vice  President 
                                                                              (Sales)  ‐  Nortech  Infonet  Pvt.  Ltd.,  Cochin 
                                                                              speaks during the seminar on “ERP Solutions 
                                                                              for SME Segment”




                    Shri.  Sankar  P.  Panicker,  Chairman,  Cochin 
                    Chapter  inaugurates  the  Free  Career  Guidance 
                    Programme  conducted  by  Cochin  Chapter  in 
                    association  with  Malayala  Manorama.  Shri. 
                    Santhosh  Kumar  V.,  MC  Member,  Shri.  C. 
                    Balachandran,  Director  ,  Cochin  Chapter  are  also 
                    seen.




                                                                              Shri.  Sankar  P.  Panicker,  Chairman,  Cochin 
                                                                              Chapter  interacts  with  the  audience  during  the 
                                                                              Free  Career  Guidance  Programme  conducted  by 
                                                                              Cochin  Chapter  in  association  with  Malayala 
                                                                              Manorama. 
April – June 2010




                           The  audience  gathered  during  the  Free 
                           Career Guidance Programme conducted by 
                           Cochin  Chapter  in  association  with 
                           Malayala Manorama. 




                      ICWAI COCHIN CHAPTER                                                                                         5
 COCHIN CHAPTER
 OF
 THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA




                                                            www.icwaicochin.com
                                                     July – September | 2010




INSIDE

     Chairman’s communique
     Professional Development Programmes
            Reforms in Sale Tax Structure - KGST, VAT etc.

            Company Law Settlement Scheme, 2010 and Easy Exit Scheme

            Investor Awareness Program me

            Possibilities of Cost Management through SAP

            Basics of Investment

     Full Time Batch Inauguration
     74th Session Inauguration




                  Judges Avenue, Kaloor, Cochin – 682017
                           Ph: 2403536, 2400130
                         E-Mail: cochin@icwai.org
NEWS LETTER

               CHAIRMAN’S COMMUNIQUE

              Dear professional colleagues,

              It is always a pleasure to come back to you with updates on the last quarter.

               The chapter has made some great moves in the professional developments and coaching
              activities. I am sure that all of you will agree to the fact that as any other profession, our
              profession is also facing a challenging time. It is the responsibility of each one of us to stand up
              and face it boldly. Like for instance, the latest challenge is from our sister professional body by
              objecting our change of name to Institute of Cost and Management accountants of India. Just
              to brief you, the parliamentary standing committee has suggested the name of “Institute of
              Cost Accountants of India” instead of our request of Institute of Cost and Management
              accountants of India (ICMAI). As directed from Central council, we have made some efforts to
              get the support from the members of parliament from Kerala by way of letter of support to the
              cabinet minister ( in charge) for the ministry of Corporate affairs Sri Salman Kursheed. Let me
              assure you, we are sticking to our demand to change the name to ICMAI, nothing short.

              Let me make a small request here. It is not just the duty of central council of the Regional
              council to create visibility to our profession. It is the solemn duty of each one of us to stand for
              it. I am indeed so happy to let you know that few of our members have extended their support
              for getting the meetings with MPs happen. On behalf of all of you, I THANK them for their
              effort.

              The Government of Kerala, by an order has approved appointment of ICWAI students for
              placements at local and urban bodies for conversion to the double entry system of accounting.
              I place on record the invaluable contribution by Sri Balachandran, Chapter Director and Smt.
              Girija MC Member of Trichur chapter for making this happen.

              We could arrange very important professional development talks on Sales Tax, Investment,
              ERP, where eminent speakers shared valuable information to the audience. Apart from this ,
              there was a joint seminar on Company Law Settlement Scheme, 2010 and Easy Exit Scheme
              with Ernakulam branches of ICAI and ICSI. I request your whole hearted support by way of
              attendance in the future professional development seminars. Career Guidance talks were
              conducted at different colleges during the quarter partnering with Malayala Manorama and
              other Education institutions

              On September 5th ,2010, the chapter celebrated Onam with members at the chapter premises.
              The function was well attended by the gracious presence of member’s family. The Student’s
                                                                                                                     July – September 2010
                                                                                                                     July – September 2010




              Onam was celebrated in a befitting way at Renewal centre Kaloor on August 14th, where the
              acclaimed play back singer Sri Afsal inaugurated the function.

              I am glad to let you know that our chapter will be organizing a “ All Kerala Cost Convention” at
              Ernakulam. Proposed date of the seminar is 18th and 19th of Decemeber, 2010. The theme has
              been tentatively fixed as “Growth through Business innovation and strategic cost
              management”. I request your wholehearted support for making this a memorable one and as
              usual and make Cochin chapter, a class of its own known for professionalism and team effort.



              ICWAI COCHIN CHAPTER                                                                              2
                                                                                                                NEWS LETTER
                        Please feel free to write to me at sankarpanicker@gmail.com for any ideas that can be
                        implemented and can be helpful to our members and students.

                        Together let us make our chapter the best in the country.!

                        I wish you and family all the very best.

                        Let me also wish you Happy Navarathri and advance Diwali Greetings.




                        Sankar P Panicker
                        Chairman




                                    MANAGEMENT COMMITTEE FOR THE YEAR 2010-2011

                                      Sri. Sankar P. Panicker         :   Chairman
                                      Sri. Ramdas S.                  :   Vice - Chairman
                                      Sri. Jayaraj K.                 :   Secretary
                                      Sri. Santhosh V.                :   Treasurer
                                      Sri. Sivakumar P.               :   PD Committee Chairman
                                      Sri. Raman Rajah                :   Member
                                      Sri. Padmakumar V.K.            :   Member
                                      Sri. Santhosh Kumar V.          :   Member
                                      Sri. Sunil Chacko               :   SIRC Nominee
July – September 2010




                        ICWAI COCHIN CHAPTER                                                               3
NEWS LETTER




              Cochin Chapter organized a seminar on “Reforms in Sale Tax Structure – KGST, VAT” on 3rd
              July 2010 at Chapter premises. Shri. P.V. John, Member (Accounts), Sale Tax Applet Tribunal,
              Ernakulam was the speaker and he explained in detail about the topic. Shri. CS sivakumar P,
              Chairman, PD Committee welcomed the gathering and Shri. Ramdas S., Vice Chairman
              expressed the vote of thanks. The seminar was well attended by Chapter members and Final
              Students.




              Cochin Chapter of ICWAI in association with both Cochin Chapter of CA & CS organised a
              seminar on “Company Law Settlement Scheme, 2010 and Easy Exit Scheme” on 21st July
              2010 at The Dream Hotel,Vyttila. The Chief guest was Sri.Ameerul Millath, Registrar of
              Companies, Kerala. The Seminar was well attended by Members from all the three professions.



              In connection with Corporate week celebrations Cochin Chapter conducetd a Investor Awareness
              Seminar at Nirmala College, Muvattupuzha on 7th August 2010. The Programme was inaugurated
              by Shri. Sankar P. Panicker, Chairman, Cochin Chapter. The Principal, Faculty members and the
              college students attended the programme.



              Cochin Chapter in association with Malayala Manorama conducted a career guidance programme
              at Nirmala College Muvattupuzha on 7th August 2010. The students from the colleges around
              Muvattupuzha attended the programme.
                                                                                                               July – September 2010
                                                                                                               July – September 2010




              On 13th August 2010 Chapter conducted a professional development programme for its members
              on the topic “Possibilities of Cost Management Through SAP” . The speaker was Shri. V
              Gopakumar, Vice President, MAMS Group.




              Chapter organized a talk on “Basics of Investment”, on 25th September 2010 at Chapter
              premises. Shri. Anil Xavier, M. Com, AICWA and Managing Director, Cochin Stock Brokers Ltd., a
              subsidiary of Cochin Stock Exchange was the speaker. Shri. Santhosh V, Treasurer welcomed
              the gathering and Shri. Santhosh Kumar V, Management Committee Member expressed vote of
              thanks.

              ICWAI COCHIN CHAPTER                                                                        4
                                                                                                                                       NEWS LETTER
                        During the period, Chapter conducted Business Communication Seminars for its Intermediate
                        students at various satellite centres as per the below table.

                          Date                Venue                     Batch                             Trainer
                                                                                         Mr. Abraham Stephen, Corporate Trainer,
                        10-7-2010              Kaloor             Gr I & Gr II Aluva
                                                                                                        Kottayam.
                                                                                         Mr. M.A.S. Menon,Industrial Management
                        11-7-2010              Kaloor             Gr II A, II B & II C
                                                                                                         Trainer.
                        24-7-2010         Tirur Arts College             Gr I                        Mr. Nijoy K. Jose
                                          Nirmala College,                               Mr. Abraham Stephen, Corporate Trainer,
                        24-7-2010                                        Gr I
                                            Muvattupuzha                                                Kottayam.
                                        St. Joseph’s College,
                         3-8-2010                                        Gr I                         Mr. Nijoy K. Jose
                                               Devagiri




                        Group discussions for Intermediate students were conducted at various satellite centers as per
                        the below table.
                                                  Date                   Venue
                                                    25-7-2010                       Kaloor
                                                     1-8-2010                       Kaloor
                                                     8-8-2010           Nirmala College, Muvattupuzha
                                                    14-8-2010       St. Joseph’s College, Devagiri, Calicut
                                                    15-8-2010                 Tirur Arts College



                        As per the curriculum, both Intermediate & Final students were required to conduct one Factory
                        visit during each group. The details of Factories visited are furnished below. Mr. Ramesh
                        Kumar M.N., Faculty Member, Mr. Kalesh B, Asst. Admn Officer, Mr. Biju K. Elias and Mr. Vijesh
                        M. V (Both are System Administrators) accompanied the students.

                                 Date                           Batch                                  Company
                               3-8-2010                    Final Group IV                     Malabar Cements, Palakkad
                               9-8-2010                    Group II Aluva                     Malabar Cements, Palakkad
                              10-8-2010                      Group II B                            KAMCO, Athani
                              10-8-2010                 Final Group III Aluva                       KMML, Kollam
                              11-8-2010                      Group II C                       Foam Mattings, Alappuzha
                              27-9-2010                      Group II A                       Foam Mattings, Alappuzha
July – September 2010




                        Cochin Chapter started a full time batch for Intermediate. This is the first batch that a Chapter
                        started ICWAI Course on full time basis in India. The course offers the students much more than
                        the normal study. They get more coaching classess and concentration to study the subjects in
                        deep. Also they get additional training in SAP from Lithan Genovate, the principal SAP
                        authorised leading Educational & Training Partner in Asia Pacific region.
                        The inauguration ceremony of the first batch was held on 14th of July 2010 at Chapter premises.
                        Shri. Sankar P. Panicker, Chairman, presided over the function. Shri. K. Mathevan Pillai,
                        Chairman and Managing Director, FACT Ltd inaugurated the batch. The Chairman also
                        welcomed the gathering and Shri. Ramdas S, Vice Chairman expressed vote of thanks.



                        ICWAI COCHIN CHAPTER                                                                                       5
NEWS LETTER



              74th Oral Coaching session of Chapter was inaugurated by Shri. E. Nandakumar, Executive
              Director, BPCL, Kochi on 22nd September 2010 at Main Hall of Cochin Chapter. The function was
              presided over by Shri. Sankar P. Panicker, Chairman and Shri. Ramdas S., Vice Chairman,
              welcomed the gathering and Shri. Jayaraj Kulangara, Secretary expressed vote of thanks. During
              the inaugural speech the chief guest explained in detail the costing procedure in Oil and Gas
              industry.



              The results were as follows:
                                        Group       Appeared       Passed   Pass %
                                       Gr. I          210            48     22.86%
                                       Gr. II          57            11     19.30%
                                       Gr. III         42            22     52.38%
                                       Gr. IV          41            19     46.34%

                  24 students in total qualified for membership.




              Students of Cochin Chapter celebrated their Onam on 14th of August 2010 at Renewal Centre,
              Kaloor. The function was inaugurated by Shri. Afsal, famous Malayalam play back singer. Mr.
              Sreenath R. Pai, Chairman, students committee, welcomed the gathering. Shri. Sunil Chacko,
              Past Chairman, SIRC and Shri. Sankar P. Panicker, Chairman, felicitated the occasion. Mr.
              Sharafudeen M.H., programme co-ordinator expressed vote of thanks. After the inaugural
              ceremony students presented various programme like songs, dance, skit etc.
              The programme was followed by a delicious Ona sadya. Also in the evening the students
              committee arranged a “NOMBU THURA” for the fasting students.




              Chapter celebrated Onam for its members on 5th September 2010 at Main Hall of Chapter
              premises.    The function was inaugurated by Shri. Sunil Chacko, Past Chairman, SIRC. Shri.
              Sankar P. Panicker, Chairman welcomed the members and their family and Shri. Ramdas S, Vice
              Chairman expressed vote of thanks. After the inauguration, Shri. ANS Poduval, Past Chairman of
              SIRC as well as the Chapter took over mike and control of the remaining session. The children of
              the members presented various events. The celebration was concluded with “ONA SADYA”.
                                                                                                                 July – September 2010
                                                                                                                 July – September 2010




              Chapter celebrated India’s 64th Independence Day on 15th of August 2010 at Chapter premises.
              Shri. Sankar P. Panicker, Chairman hoisted the National Flag. Managing Members, faculties,
              staffs and students attended the occasion.




              ICWAI COCHIN CHAPTER                                                                          6
                                                                                                                              NEWS LETTER
                                                                      Shri. P.V. John, Member (Accounts), Sale Tax
                                                                      Applet Tribunal, Ernakulam delivering talk on
                                                                      Reforms in Sale Tax Structure - KGST, VAT etc




                        Shri. K. Mathevan Pillai, Chairman & Managing
                        Director , FACT Ltd, inaugurating the Full Time
                        Batch of Intermediate. Shri. Sankar P. Panicker,
                        Chairman is also seen.




                                                                                Shri.Ameerul Millath, Registrar of Companies,
                                                                                Kerala inaugurating the seminar on “Company
                                                                                Law Settlement Scheme, 2010 and Easy Exit
                                                                                Scheme”. The Chapter Chairmen from the three
                                                                                professions Shri. Sankar P. Panicker (ICWAI),
                                                                                Shri. CA. Vivek Krishna Govind (ICAI) and Shri.
                                                                                CS sivakumar P. (ICSI) are also seen.
July – September 2010




                            Shri.   Sankar   P.     Panicker,  Chairman
                            inaugurating   the     investor   awareness
                            programme at Nirmala College, Muvattupuzha.
                            Shri. M. K. Mohanan, Course Co-ordinator,
                            Prof. P. C. James, Principal, Shri. C.
                            Balachnadran, Director, Cochin Chapter and
                            Shri. James Joseph, HoD, Commerce are also
                            seen.




                        ICWAI COCHIN CHAPTER                                                                              7
NEWS LETTER




                                                                 Shri. V Gopakumar Vice President, MAMS
                                                                 Group delivering talk on Possibilities of Cost
                                                                 Management through SAP.




              Shri. Afsal, Malayalam Play back singer
              inaugurating the students onam celebration.
              (From right) Shri. Sunil Chacko, Past Chairman,
              SIRC, Shri. Sankar P. panicker, Chairman and
              Mr. Sreenath R. Pai, Chairman, students
              committee are also seen.




                                                                    Shri. Sankar P. Panicker, Chairman hoisting the
                                                                                                   rd
                                                                    National Flag during India’s 63 Independence
                                                                    Day celebrations. Shri. Jayaraj Kulangara,
                                                                    Secretary, Shri. C. Balachandran, Director, Mrs.
                                                                    Balachandran, Shri. Kalesh B., Asst. Admin
                                                                    Officer, Mr. Unnikrishnan, Librarian, Mr.
                                                                    Udayan, attender are also seen.

                                                                                                                           July – September 2010
                                                                                                                           July – September 2010




                 Shri. Sunil Chacko, Past Chairman, SIRC
                 inaugurating the Members Onam. Shri. Jayaraj
                 Kulangara, Secretary, Shri. ANS Poduval, Past
                 Chairman, SIRC, Shri. Ramdas S., Vice
                 Chairman, Shri. Santhosh V., Treasurer are
                 also seen.




              ICWAI COCHIN CHAPTER                                                                                     8
                                                                                                                    NEWS LETTER
                                                                 Shri. E. Nandakumar, Executive Director,
                                                                                               th
                                                                 BPCL, Kochi, inaugurates 74 oral coaching
                                                                 session. Shri. Jayaraj Kulangara, Secretary,
                                                                 Shri. Ramdas S., Vice Chairman, Shri. Sankar
                                                                 P. Panicker, Chairman are also seen.




              Shri. Anil Xavier, Managing Director Cochin
              Stock Brokers Ltd. delivering talk on “Basics of
              Investment”.




          The Chairman, Managing Committee Members and Staff of Cochin Chapter of ICWAI deeply regret the
          passing away of Shri S Ramanathan, Past President on 28 September, 2010. He was the President of the
          Institute for the period of 1988-89. May His Soul Rest in Peaces.
July – September 2010




                        ICWAI COCHIN CHAPTER                                                                    9

								
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