In this 6 hours workshop for one group every day, students learnt about financial planning by playing an ONLINE simulation game and attending some classroom sessions. In Finance GYM game which is an online interactive game, students created and managed a virtual portfolio with real investment products to achieve the financial goals they had been given. By playing this game, they learnt the basics of financial planning, including basic financial terminology, setting financial goals, asset allocation strategy, pros and cons of different financial products, and tax planning.

The classroom activities and sessions covered Goal-based financial planning, Asset allocation and diversification, Purpose of different types of financial products – stocks, bonds, mutual funds, insurance, etc. in an investment portfolio, Analyzing a mutual fund factsheet and evaluating Debt and Equity Mutual Funds, Practical aspects of buying life insurance, Tax planning. All winners were declared at the end of program and felicitated. Event was coordinated by Dr Lalit Kumar Sharma.

It was a great learning experience to all participants.

The workshop was conducted by ACC Ltd. in collaboration with Praxis EL Training & Consulting Pvt. Ltd. At the beginning of workshop, Dr. Ajay Kumar, Director Management, I.T.S. Mohan Nagar Ghaziabad extended a floral welcome to Mr. Sharad Verma, Director, ACC Ltd. and  Dignitaries from ACC Ltd. and Praxis EL Training & Consulting Pvt. Ltd. The workshop was conducted by Mr. Kumar Abhishek, Director, Praxis EL Training & Consulting Pvt. Ltd. The workshop was divided into two parts, in the first part Mr. Kumar Abhishek gave a deep insight about current scenario of employ-ability and its various causes. He focused upon “Self Analysis” and its awareness to students in which he practically conducted psychometric profiling of students. The workshop enriched students with learning outcomes related to employ-ability and their own psychometric profiling.

The second part of the workshop was about One to one counseling session with students to discuss their psychometric profile and enhance their employ-ability skills. The workshop ended with a note of gratitude to Guests and Resource Person.

The objective of this workshop was to make students aware about SAP, its various functional modules and about various future opportunities available in this domain.

On first day, session on introduction to SAP was taken by the expert, Mr. Varun. He said that by leveraging SAP, businesses can create the potential to better understand, manage, and strategically exploit the complex dynamics of customer behavior. It reveals how to tap into the powerful tool of SAP to create a strategic advantage and identify new business opportunities.

While addressing the students he also mentioned that SAP provide better operational visibility to companies which in turn help them to take better decisions with a reduced cost. SAP products are used by more than 12 million people in the world. There is a growing need for SAP Trained professionals to provide consulting services on SAP products. He also talked about various SAP modules and their integration.

On Second day Mr. Amit Gupta expert in Finance module gave overview on Financial Accounting and Controlling on SAP. While addressing the students he also mentioned that SAP Finance module was designed for meeting all the accounting and financial needs of an organization. Within this module Financial Information is available for revision in real time. The real-time functionality of the SAP modules allows for better decision making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), PM (Plant Maintenance),and PS (Project Systems).

The FI Module also integrates with HR (Human Resources) which includes PM(Personnel Management), Time Management, Travel Management, Payroll. Document transactions occurring within the specific modules generate account postings via account determination tables.

On the same day in a parallel session for HR students, expert focused on Human Resource Compensation Management. He said HCM is one of the most important processes in organizations across industries. The general idea on HR is related only to recruiting. But HR is much beyond just recruiting. In an organization, HR not just hires employees but segregates employees based on various factors such as department level, payment days, payment details, designations and more. Besides, various other works such as promotions, employee engagement and team motivation tasks are taken care of by the HR. These works might sound very simple; however, working out all these for people of an entire organization is not an easy work at all. To streamline all such HR processes, SAP ERP operations are widely used. SAP HCM ERP is one of the most flexible software for HR processes widely used across industries.

Mr. Varun, Marketing area expert focused on SAP Sales and Distribution (SD) module. He discussed majorly all the tasks involved in the SD process. While addressing to the students, he gave practical exposure on pre-sales activities, sales order, distribution of shipments, billing process, and generating customer invoice. He also explained linking of SD with other modules of SAP, the Enterprise structure participating in sales and distribution, Creating Master record for material, customer, partners, and all. He also discussed how to maintain documents related to sales, distribution, and billing, work on pre-sales activities covering sales document structure, inquiries, and quotations. All the students gained first- hand experience on various SAP modules.

The workshop was also attended by faculty members of the institute including Prof. Sunil Upadhyay, Prof. Ajay Sinha, Dr. V. N. Bajpai, Dr. Satish Kumar, Dr. A. P. Tripathi, Prof. Alok Singh and Dr. Charu Chaudhary, Dr. Surendera Tiwari, Dr. Puneet Singh.

The session ended with giving vote of thanks to MR. Amit Gupta, Mr. Varun and other experts for providing such wonderful insights about Finance, HR and Marketing Module of SAP.

Overall the workshop was very interactive and informative for all the attendees.

The workshop was very well coordinated by Dr. V.N Bajpai, Dr. Abhinav P. Tripathi, Prof. Sunil Upadhyay.