Professor Bala K. R. Balachandran,
Editor in Chief ,Journal of Accounting Auditing & Finance
New York
Professor Bala K. R. Balachandran, Editor in Chief, Journal of Accounting Auditing & Finance from New York, gave a lecture on the topic ‘Some thoughts regarding cost management’. He gave some insights into costing and also discussed the key issues involved in cost management including how unused capacity affects the cost. He discussed issues like how to determine the unused capacity, to ascertain the responsible party for the existence of unused capacity and how to plan reduction of unused capacity to increase market competitiveness.
Dr. Tony Ciochetti,
Chairman,
United States
Dr. Tony Ciochetti visited Rai Business School and delivered a lecture for students on Overview of the Center for Real Estate and the work and General Overview of the United States commercial real estate market”. He described in detail about the MSRED program which is a research based program for people who want to specialize in the real estate market.. He explained in detail the length of the program including the different categories of students who undergo this program.
We are thankful to RBS for providing us with an opportunity of interacting with Dr. Tony Ciochetti. It was an overwhelming experience to have him here. We thank him for sharing his knowledge with us.
Dr. Catherine Hill
Educator
University of Villanova,
Philadelphia.
Rai Business School organized a talk by Dr. Catherine Hill educator from University of Villanova, Philadelphia.
The objective of the talk was to convince Future Business Leaders, to know their history and to know why they are doing MBA.
She explained why MBA Programme takes 25th position in the world class Profession. Education is to make the best out of ones personality. She emphasized that ETHICS play the most important role in business standards, be it Marketing, Accounting or Production. She said that MBA represents a summative experience .we need to have quality of intellect; quality to judge ;practical, social & personal responsibilities .One must have Strong Imaginative Powers & need to be very Critical.
She highlighted some of the important points like:
• Believe in Integrity & hard work
• Do not stop, until you can walk no more.
• Think, Imagine & Create.
• Act Responsibly.
• Optimize resources.
• Communicate effectively across diverse cultures.
• Be Honest.
• To solve a problem-Think out of the box, think differently.
Further she explained qualities of a good learner like open minded; open heart and an open intellect to sense. She also mentioned some of the qualities of a good manager – willingness to take risk, look things from different perspective.
She concluded by saying that Globalization is the train that has left the station & there is no way turning back. It was really a very interesting talk which was thoroughly enjoyed by the students and which was followed by question answer session.
Mr. Donald Asher
Gerlach, Nevoda
Mr. Donald Asher visited Rai Business School, Delhi and delivered a lecture on Borderless Careers. The main objective of the presentation was to give a glance about what’s the culture of some of the best B-schools in America
Mr. Donald Asher from Gerlach, Nevoda has been as an author for more than ten management books and one of the book named as “Break Through Business Book of The Year” is rated among top ten best business book of the year.
He emphasized on the fact that the Companies in America initially started booming from the year 1957-61.He explained about the three waves of globalization i.e Production, Markets and Labor. He analyzed America as being imperfect in homogenous population, jingoistic and also being weak on languages. He explained that age and gender were not important for becoming a manager.
Finally he concluded by mentioning that to have a borderless career one needs to have a very good skill set. Some of the qualities which a good manger possesses are: an efficient supervisor, manager, executive and an effective leader.
Frederick M. Lawrence - Dean
Research Professor Dr. David Pensak - Research Professor
GW law School,
Washington
Dean Frederick M. Lawrence and Research Professor Dr. David Pensak from GW law School, Washington visited Rai business School , Delhi and delivered a talk for MBA students on the topic of “ The Interaction Between Innovation and Intellectual Property “
To begin with Mr. Frederick Lawrence began by giving a small introduction about their law school and about the law in US. He gave an insight into various aspects of law and how innovation could lead to good results and also how innovation good lead to new ideas.
He also gave certain examples and also narrated a short story to the students , depicting how innovation could lead to success.
After Mr. Frederick , the session was taken further by Dr. David Pensak who further enlightened the students on Innovation and benefits of Innovation .
In the end Mr. Lawrence and Dr. Pensak answered certain queries of the students and made the session interactive by doing discussions with the students. The talk was very informative and interesting.
Professor Joshua Ronen,
Stern school of Business
Professor Joshua Ronen, from Stern school of Business, gave a lecture on the topic related to Accounting & Regulation.
He gave an insight into fair values under FAS 157 and discussed its consistency with the asset-liability approach and the principle-based approach to the setting of standards. He also discussed the comprehensive accounting framework, the reporting formats and the moral hazards related to misrepresentation of the data. He also threw light on restructuring of compensation arrangements.
• Consistent with the asset-liability approach
• Consistent with the principle-based approach to the setting of standards
• Relies on exit values from the perspective of external, hypothetical markets
• Three levels of measurement
He explained the assets-liability approach by discussing the following points.
• Earnings are not informative about future earnings
• An income statement approach helps predict value added
He also explained the different kinds of reports in accounts:-
• Balance sheet: historical cost, exit values, and specific advantage
• costs and benefits statement: Expected cash and changes in risk
• Income statement: Expected and unexpected historical and economic income
• Change in assets composition statement: realizations and de-realizations
He concluded by explaining that correlation between quotes and financial statements content would be a useful check on the quality of the latter .The talk was really very beneficial for the students and the students response was overwhelming.
Editor in Chief ,Journal of Accounting Auditing & Finance
New York
Professor Bala K. R. Balachandran, Editor in Chief, Journal of Accounting Auditing & Finance from New York, gave a lecture on the topic ‘Some thoughts regarding cost management’. He gave some insights into costing and also discussed the key issues involved in cost management including how unused capacity affects the cost. He discussed issues like how to determine the unused capacity, to ascertain the responsible party for the existence of unused capacity and how to plan reduction of unused capacity to increase market competitiveness.
Dr. Tony Ciochetti,
Chairman,
United States
Dr. Tony Ciochetti visited Rai Business School and delivered a lecture for students on Overview of the Center for Real Estate and the work and General Overview of the United States commercial real estate market”. He described in detail about the MSRED program which is a research based program for people who want to specialize in the real estate market.. He explained in detail the length of the program including the different categories of students who undergo this program.
We are thankful to RBS for providing us with an opportunity of interacting with Dr. Tony Ciochetti. It was an overwhelming experience to have him here. We thank him for sharing his knowledge with us.
Dr. Catherine Hill
Educator
University of Villanova,
Philadelphia.
Rai Business School organized a talk by Dr. Catherine Hill educator from University of Villanova, Philadelphia.
The objective of the talk was to convince Future Business Leaders, to know their history and to know why they are doing MBA.
She explained why MBA Programme takes 25th position in the world class Profession. Education is to make the best out of ones personality. She emphasized that ETHICS play the most important role in business standards, be it Marketing, Accounting or Production. She said that MBA represents a summative experience .we need to have quality of intellect; quality to judge ;practical, social & personal responsibilities .One must have Strong Imaginative Powers & need to be very Critical.
She highlighted some of the important points like:
• Believe in Integrity & hard work
• Do not stop, until you can walk no more.
• Think, Imagine & Create.
• Act Responsibly.
• Optimize resources.
• Communicate effectively across diverse cultures.
• Be Honest.
• To solve a problem-Think out of the box, think differently.
Further she explained qualities of a good learner like open minded; open heart and an open intellect to sense. She also mentioned some of the qualities of a good manager – willingness to take risk, look things from different perspective.
She concluded by saying that Globalization is the train that has left the station & there is no way turning back. It was really a very interesting talk which was thoroughly enjoyed by the students and which was followed by question answer session.
Mr. Donald Asher
Gerlach, Nevoda
Mr. Donald Asher visited Rai Business School, Delhi and delivered a lecture on Borderless Careers. The main objective of the presentation was to give a glance about what’s the culture of some of the best B-schools in America
Mr. Donald Asher from Gerlach, Nevoda has been as an author for more than ten management books and one of the book named as “Break Through Business Book of The Year” is rated among top ten best business book of the year.
He emphasized on the fact that the Companies in America initially started booming from the year 1957-61.He explained about the three waves of globalization i.e Production, Markets and Labor. He analyzed America as being imperfect in homogenous population, jingoistic and also being weak on languages. He explained that age and gender were not important for becoming a manager.
Finally he concluded by mentioning that to have a borderless career one needs to have a very good skill set. Some of the qualities which a good manger possesses are: an efficient supervisor, manager, executive and an effective leader.
Frederick M. Lawrence - Dean
Research Professor Dr. David Pensak - Research Professor
GW law School,
Washington
Dean Frederick M. Lawrence and Research Professor Dr. David Pensak from GW law School, Washington visited Rai business School , Delhi and delivered a talk for MBA students on the topic of “ The Interaction Between Innovation and Intellectual Property “
To begin with Mr. Frederick Lawrence began by giving a small introduction about their law school and about the law in US. He gave an insight into various aspects of law and how innovation could lead to good results and also how innovation good lead to new ideas.
He also gave certain examples and also narrated a short story to the students , depicting how innovation could lead to success.
After Mr. Frederick , the session was taken further by Dr. David Pensak who further enlightened the students on Innovation and benefits of Innovation .
In the end Mr. Lawrence and Dr. Pensak answered certain queries of the students and made the session interactive by doing discussions with the students. The talk was very informative and interesting.
Professor Joshua Ronen,
Stern school of Business
Professor Joshua Ronen, from Stern school of Business, gave a lecture on the topic related to Accounting & Regulation.
He gave an insight into fair values under FAS 157 and discussed its consistency with the asset-liability approach and the principle-based approach to the setting of standards. He also discussed the comprehensive accounting framework, the reporting formats and the moral hazards related to misrepresentation of the data. He also threw light on restructuring of compensation arrangements.
• Consistent with the asset-liability approach
• Consistent with the principle-based approach to the setting of standards
• Relies on exit values from the perspective of external, hypothetical markets
• Three levels of measurement
He explained the assets-liability approach by discussing the following points.
• Earnings are not informative about future earnings
• An income statement approach helps predict value added
He also explained the different kinds of reports in accounts:-
• Balance sheet: historical cost, exit values, and specific advantage
• costs and benefits statement: Expected cash and changes in risk
• Income statement: Expected and unexpected historical and economic income
• Change in assets composition statement: realizations and de-realizations
He concluded by explaining that correlation between quotes and financial statements content would be a useful check on the quality of the latter .The talk was really very beneficial for the students and the students response was overwhelming.
