With the objective of creating a platform for a healthy exchange, debate and development of ideas on emerging issues in management, Department of Management, Ganpat University, organizes GCeMP every year. GCeMP 2012 was the third in the series,and the theme this year was Accounting, Taxation and Finance.
This conference was envisaged as a forum of communication for academicians, researchers and practitioners on above issues through empirical as well as conceptual research papers, literature reviews, case studies etc.
The promotion and liaison activities for GCeMP 2012 began months in advance, and the fruits of our labour were visible in the overwhelming response that we received from various spheres.
130 delegates from 52 different institutes from all over the country had registered for GCeMP 2012. The delegates came from different parts of the country including Karnataka, Maharashtra, Chattisgarh, Rajasthan, Madhya Pradesh and Uttar Pradesh, of course all parts of Gujarat and even from Thailand living up to the International tag of the conference. All delegates put together submitted 125 full papers, most of which were presented at the conference.
For presentation of the papers, 12 tracks were organized, 3 each parallely in 4 different sessions giving each presenter ample time to present and the judges enough time to assess the presentations.
The manuscripts received were of high quality and are expected to leave an impact upon academia,corporate practitioners and the society.
We can judge from the feedback given by the delegates a little while ago, that all delegates had a great time and have realized the objective with which they had come for the conference.
The conference was inaugurated by eminent personalities, who gave overview of contemporary issues in the financial sector worldwide and gave their blessings to the conference. This was followed by keynote speech by Prof. Colin Clark, from Victoria University, Melbourne, Australia, in which he detailed the importance Harmonization of accounting standards and International Financial Reporting Standards (IFRS) that would help to create a "level-playing field" for companies all over the world.
Over the course of the two days we had 5 plenary sessions by various experts. In the first plenary session, Mr. Mehul Pandya, Sr. Vice President, Credit Analysis and Research Ltd. spoke on the International Best Practices in Credit Rating. He introduced us to national and international credit rating agencies, and the parameters of quality, integrity, credibility, timeliness and confidentiality in rating process.
In the next session, Dr. Jayshree Vyas, Managing Director, Shri Mahila Sewa Sahkari Bank Ltd. presented the inception and growth of microfinancing in India with the background of the case of SEWA, one of the most recognized and felicitated organizations in the world.
In the first plenary session of the second day, Mr. SM Dandekar, Sr. Vice President, and Circle Head, Axis bank, enlightened the audience about the emerging trends in the financial sector, and the demographic, socioeconomic and technological changes that are driving the change.
In the second plenary session of the day, Mr. Amit Trivedi, Owner, Karmyog Consultants and SEBI approved financial education trainer, spoke about the changing landscape of financial intermediation, the need for regulations, transparency, and alignment of interests and how customer interest is paramount in the advisory business.
In the final plenary session, Mr. AR Patel, General Manager, (Finance and Accounting) and Head Finance, ONGC Ahmedabad Asset explained petroleum accounting principles, procedures and Issues, including the challenges faced by oil and gas sector and the regulations governing the industry.
The curtains to the conference will be drawn with the valedictory function and the award ceremony which we are about to witness.