Media Release
Mangaluru, Nov 28: A knowledge-packed seminar on "SAP FICO and Oil Refineries of India: An Overview" took center stage at SDM College of Business Management, attracting students, faculty, and industry enthusiasts. The event, graced by the presence of Aruna P Kamath, the principal of SDM College, and Arun Francis Sequeira, witnessed an informative session delivered by Md Minhaj Alam, Manager Finance at MRPL.
Minhaj Alam, a seasoned expert in finance and management, shed light on the intricacies of SAP FICO (Financial Accounting and Controlling) and its application in the context of the oil refineries in India. The seminar delved into the historical journey of Indian refineries, transitioning from import dependency in the pre-1900 era to achieving self-sufficiency in 2023.
The presentation provided a comprehensive overview of the overall capacity of Indian refineries, emphasizing the complexity of the refining process. Alam highlighted the significant milestones in the industry's evolution, detailing the various products generated by refineries and the diverse units involved in the refining process.
One of the focal points of the seminar was an exploration of SAP FICO, where Alam offered a concise outline. The discussion focused on the general ledger and the accounting of invoices within the SAP system, providing the audience with valuable insights into the integration of technology in financial processes.
Aruna P Kamath, principal of SDM College, expressed her appreciation for the enlightening session, emphasizing the importance of such seminars in bridging the gap between academic learning and real-world industry practices. Arun Francis Sequeira echoed her sentiments, commending the college for organizing an event that aligns with the current trends and demands of the business world.
The seminar concluded with a lively interactive session, where participants engaged in a dialogue with Minhaj Alam, seeking clarifications and gaining further insights into the topics discussed. The event not only provided a platform for knowledge dissemination but also fostered a spirit of inquiry and curiosity among the attendees.