On Thursday, October 10, 2024, Mr. Salahuddin Yousaf, Director at PAC Group of Colleges conducted a Workshop for the participants of 36^th SMC on “Understanding Financial Statements (Public & Commercial Sectors)”. The workshop was divided into two parts, addressing both theoretical and practical aspects of accounting and financial analysis.

Part 1: Theoretical The session began with an overview of International Accounting Standards (IAS) and their significance in standardizing accounting practices worldwide. The lecturer explained how adopting these standards impacts financial reporting and transparency, fostering investor confidence. The discussion also covered financial statements, focusing on compliance requirements set by the Securities and Exchange Commission of Pakistan (SECP) and other legal frameworks. Lastly, the role of accurate financial information in effective decision-making was highlighted, emphasizing how it helps organizations in strategic planning and resource allocation.

Part II: The practical segment involved hands-on exercises with case studies for financial statement analysis, allowing participants to apply the concepts learned. The session also included exercises on budget books and the implementation of the New Accounting Model (NAM), providing practical insights into modern budgeting techniques and financial management.

On Thursday, October 10, 2024, Mr. Salahuddin Yousaf, Director at PAC Group of Colleges conducted a Workshop for the participants of 36^th SMC on “Understanding Financial Statements (Public & Commercial Sectors)”. The workshop was divided into two parts, addressing both theoretical and practical aspects of accounting and financial analysis.