Annual Report 2013-14
Respected Guests & Dear Members of ACE family,
Greetings
It is an immense pleasure for me to read out the
annual report for 2013-14 of our Academy on its 12th
foundation day.
Founded on 2nd October, 2002 on the birth
anniversary of the two patriots Gandhiji and Shastriji,
our Academy has been continuing its journey with
success in building the career of students.
Towards Vision and Mission
It was founded by 7 members with the vision of
imparting value-based education and encouraging
research so that market fit students can be produced.
It was started with 2 rooms in the upstairs of this
building and since then it has grown stretch by stretch
and is now providing coaching not only here but also
in Bhubaneswar.
Our teachers are continuously engaged with research.
The teachers of our academy are attending seminars
and conferences and contributing research papers.
The perfume of potentiality and professionalism is
infinite. The fragrance of success is limitless.
Students of ACE are rightly chasing their dreams and
they are being guided by revered teachers. We do dare
and dream what we desire and also successfully
convert our dreams into reality.
It is not possible to account all the achievements of
the students during the year, but few of the pride
moments brought by the performance of students are
listed below:
1. Sandeep Kumar Agarwal and Ansu Murarka
have passed CA Final.
2. Banashree Mohanty has passed CMA Final.
3. Satya Swaroop Pattnaik has secured 1st rank in
Accountancy honours in B.Com. examination
conducted by Utkal University.
4. Silpa Satpathy has secured 3rd rank in
Accountancy honours in B.Com. examination
conducted by Ravenshaw University.
5. G.Sagar, student of CA Final has presented a
paper on Taxation at the National Conclave for
CA students at Cuttack.
6. Padmanav Sahoo and Kishore Chandra Panda
have joined with Investment banking companies
after completing their Post Graduate in
Management.
7. Rajesh Ranjan Roul has joined with Bhartiya
Mahila Bank as Probationary Officer.
8. Julekha Yasmin and Nazia Zaman have been
selected by TCS through the Ravenshaw
University Campus placement.
Activities:
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The following curricular activities were organized
by the Academy during the year:
5th Accounting Quotient (AQ) test was conducted
on 26th January 2014.
Quiz competition among +2 students and Business
G.K. competition among senior students.
Student Seminars on the relevant current topics:
Companies Act, 2013, Forensic Accounting, Stock
Market and Understanding of Beta Factor.
Annual post budget discussion.
The
students
have
successfully
organised
occasions like Republic Day, Independence Day,
Saraswati Puja, Ganesh Puja, Farewell to +3 final
year students and Teachers’ Day.
The family members of our Academy went on
picnic to Dhavaleswar sea beach.
Entrepreneurship
Cell
of
Academy
of
Commerce Education (ECA):
An entrepreneurship cell of our academy has been
established.
The
cell
has
started
the
manufacturing and selling of long exercise book by
the B.Com. Final year students of 2013–14. The
cell is also getting ignited with the support of
alumni and students of the Academy. It seeks the
guidance, support and co-operation from all the
family members so that it can be converted into a
co-operative movement.
AACE (P) Ltd. and ACE:
Since 2013, the Academy is operating as a unit
under the Alumni Academy of Commerce
Education (Pvt.) Ltd. Its directors N V Bhaskar Rao
and Rakesh Kumar Patra are providing freedom to
ACE in carrying out its academic activities and are
taking the pain in complying with legal formalities
and managing its finance. The Academy
acknowledges the professional services rendered
by Company Secretary CS Manish Chetani and
Auditor CA Lalatendu Sahu of PAMS & Associates.
ACEAA and ACE:
The Academy is proud of its Alumni. With the
initiative of our Alumni, branch of our Academy is
opened at Bhubaneswar during the year.
The Alumni has a regular interaction with current
students. The Alumni Association known as
ACEAA has undertaken the following activities for
the students:
 Conducted Soft skill classes by inviting experts
 Conducted Career seminar on Actuary
 Organised Cricket match
 Conducted Career seminar on Lectureship
Academy is drawing most of the faculties from
among the members of ACEAA who are
academicians or professionals or pursuing
professional courses.
A single activity or function would not have been
successful without the support of ACEAA
members. The members are the base for the
Academy.
Acknowledgement:
The Academy hereby acknowledges the following
persons and institutions for their support:
1. Prof. Nanda Kishore Puhan and Mr. Subhrajit
Swain who graced the 11th Anniversary function.
2. Revered Professors of Commerce for their
consistent support to our Academy. It is not
possible to pen all the teachers, but to mention a
few – Prof. Girija Prsad Acharya, Prof. Nanda
Kishore Puhan, Prof. Ranjan Kumar Bal,
Prof.
D.V.Ramana, Dr.Rabindra Kumar Swain and
Dr.Sabat Kumar Digal.
3. The
renowned
publishers
like
Suchita
Publications, S.Chnad & Co. and Himalaya
Publishers for updating with their latest
publications.
4. Adifser IT solutions Pvt. Ltd. and its founder Mr.
Biswajeet Basantaray for their consistent support
in the maintenance and upgradation of our
website “alumni-ace.org”.
Thank You