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Career Choices After CA

Chartered Accountancy (CA) is a professional accounting, auditing, taxation, and financial appraisal practice for an organization.

Auditors are recognized as the foundation of all companies, whether large or small. The duties and activities of auditors include financial planning, accounting, taxation and auditing. As an auditor, you face challenges and rewards. Auditors have a bright future ahead of them.

The Chartered Accountant (CA) appointment is an institution in itself. Not only are you qualified to find decent work after completing your CA, but you are also qualified to give work to others. And it’s always up to you to choose who you want.

Due to intense competition, customer demand, and ability to provide business services, one cannot practice as a sole proprietor after completing a CA program in today’s competitive marketplace. The sole proprietorship concept is completely out of date. Setting up an independent practice costs a lot of money to set up an office and is not worth it at all.

A chartered accountant can help new entrepreneurs start their businesses as well as existing companies grow their businesses. This requires hands-on knowledge of the sector, its legal framework, land and building requirements, market research, product knowledge, technical breakthroughs in the industry, financial agreements, work arrangements, etc.

All businesses need capital and who better to help them than auditors. To do this, you need to build a solid working relationship with bank management, study various loan offers and familiarize yourself with the loan document process. They can offer personalized credit advice tailored to the client’s business needs.

You have to be very passionate and clear about which career to end up in in the future. If you are entering a particular industry or training on your own, and if you are training on your own, which services should you focus on? CAs can take on other services in the industry and you have to make the right choice for them.

Look at the following career choices after CA:

CA practice: This is the first option available upon completion of the CA program. In today’s competitive world, due to intense competition, one cannot practice as a sole proprietorship, pressure from customers and the necessary capabilities to provide business services cannot be achieved. The term sole proprietorship is a completely outdated term. Another alternative is to establish a partner company with at least four auditors, where the range of services is often expanded.

Become a partner in a major audit/consulting firm: A global audit/tax/consulting firm primarily for the benefit of the current generation. However, to become a partner of a global company, one must decide on a consistent organization and first work in various positions from manager to senior manager to associate director and then partner. This path is very long and also considered as a great challenge, very difficult because CA exam has been passed.

Public Service Pursuits: These are often flexible jobs that are best suited for people interested in public sector work. You will try to study public service courses and then hold positions such as President of ITAT (Court of Income Tax Appeals) and President of SEBI (Indian Stock Exchange Board). This position is often only achieved through several years of collaboration with government organizations.

Becoming an entrepreneur: Becoming a successful entrepreneur is everyone’s dream. An entrepreneur needs to be focused and committed to taking their business to new heights. As an entrepreneur, you need to bring innovative ideas and skills, creativity, analytical thinking and comprehensive business tactics. To start a business in any industry, you must first gain hands-on experience.

Careers in Industry: This is probably the most common choice that the current generation prefers in the early stages of their careers. There are different industries, namely manufacturing, information technology, automotive, steel, etc. Here the main task is to meet the needs of the employer and the goals of management. The key to achieving higher positions in an organization is working smart, and every CA should do that.

Underwriter:  This is often one of the most important decisions a new auditor can make. Those with interest in stock market, currency, bank and NBFC (Non-Bank Financial Company) etc. With regard to banks, one should aim for the big ones, rather than targeting public and private sector banks, the goal should be to travel to foreign banks. Foreign banks offer more engagement, customers and higher growth.

Career in Insurance Industry: This is certainly the best choice for anyone interested in risk management, insurance policies and other insurance related topics. Financial knowledge is very important and indispensable here.

So there are many options, but it all depends on the individual and the career goals they want to set. These challenges can be overcome by joining a good online portal that will take the candidate further into this professional arena.

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BML is one of the best choices for CA Foundation online courses and all CA – CA Foundation, CA Intermediate, and CA Final courses. Book My Lectures offers online CA Foundation lessons and video lectures for CA courses based on the latest ICAI curriculum and taught by India’s greatest professors. The main goal of BML is to help students pass the exam and become a CA with good results on the first try.

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Understanding Elements of Topic “Monopoly” For CS

The term monopoly consists of two words: mono means one and Polein means to sell. In economics, monopoly refers to a company that sells a product in the market without replacement. Therefore, it is a one-firm industry.

Monopoly features:

The main elements of a Monopoly are:

1. One seller and several other buyers:

The main characteristic of a monopoly is to have one seller and several buyers. Since individual firms make up all or most of the industry, there is little or no difference between industry and sellers in such a market. Therefore, the firm’s demand curve is equal to or nearly the same as the industry’s demand curve. Because there are many buyers, private buyers cannot influence the price of a product in a monopoly market because the seller’s control over the market is too strong.

2. Without immediate replacement:

In a monopoly, the products produced by the monopolist have no immediate replacement. Such a market can only exist if the cross elasticity of the goods produced by the monopoly is zero. Therefore, the monopolist can determine the value of his option and refuse to sell below the asking price.

3. High barriers to entry for new firms:

Because monopolists generate excessive profits, new firms face many barriers when entering the industry. There are many reasons for this, such as current legal, technological, or substance barriers, which no one else can find. Sometimes a monopoly operates in a small market making it an economic challenge to enter a brand-slapping new business.

4. Price:

In a monopoly, firm has complete control over the availability of goods. But thanks to a large number of customers, small customer requests make up only a small part of the total demand. Therefore, the buyer must pay the price of the product set by the monopolist.

Monopoly types:

There are two types of monopoly –

Government-driven monopoly –

As the name suggests, in such a market, the government of a country or states grants the individual or company the privilege of being the sole supplier of the goods in the market. As this seller becomes the sole or dominant seller, the market becomes a monopoly.

Natural monopoly –

A natural monopoly is a market where sellers experience increased sales across their respective products and relatively high fixed costs. Early sellers in new or emerging markets. Such salespeople take advantage of the cost structure and develop rapidly.

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Communication basically refers to the exchange of thoughts or information. Communication allows us to share our thoughts with those around us. Thus, we learn to communicate in the early stages of life, because building life in a social environment makes life without communication very difficult. Read More @ https://bookmylectures.com/10-cs-of-business-communication-for-ca-cs-and-cma/

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10 C’s Of Business Communication For CA, CS And CMA

Communication basically refers to the exchange of thoughts or information. Communication allows us to share our thoughts with those around us. Thus, we learn to communicate in the early stages of life, because building life in a social environment makes life without communication very difficult.

Communication can be done in several ways – through verbal or written actions. Since communication is a social activity, it also occurs in all areas of life. One of these layers is business communication.

Business communication refers to communication inside and outside the organization to achieve organizational goals. This is critical to the success of any type of business organization everywhere. No business organization can function properly for a long time without effective communication.

What are the 10 C’s of business communication For CA, CS And CMA?

For communication to be effective in the professional field, it must:

Clear – Must have clarity for any communication. This ensures that the message is not lost on its way from sender to receiver.

Correct – It goes without saying – the communication must be factually and grammatically right.

Concise – Being Concise basically means keeping communications short, because let’s be honest – no one has time in this world!

Courteous – If you don’t want to sound like someone who’s about to chop off a listener’s head, the best way to communicate is to be polite. After all, it reflects not only your professionalism but who you are as a person.

Concretely – Communication means communicating appropriately and talking about certain things. Unclear and generic messages result in zero answers.

Caution – You don’t want someone to be desensitized to you even if it’s unintentional, so you don’t want to do that to anyone either. The consideration for the recipient reflects not only your professionalism, but also your personality.

Complete – “Hello, my name is …” Does that sentence make sense? Of course not! Therefore, you need to provide complete information so that the recipient understands what you are trying to convey. The complete message contains all the facts needed by the recipient.

Conversational – Do you want this 10C to feel like a monologue? I think (and I hope) your answer is no! Face-to-face communication makes it easy for the recipient to communicate freely with the sender, so talking while sticking to the topic is the way to go!

Coherent – “I’m calling you to book a flight because my seat is broken” Does that make sense? Of course not! So coherence means that your message must have logic.

Credible – “It’s not safe to fly because I saw pigs fly” Let me ask again, does that make sense? NO, NO! So you want the content of your communications to remain trustworthy.

Book My Lectures offers online lectures for the CS Executive, CSEET and CS Professional along with study materials based on the latest ICSI curriculum and taught by the best professors in India. The main goal of BML training is to help students pass their exams and become CA and CS with good results on the first try.

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Have you ever felt like you were working hard but stuck? Have you ever thought about what you want to do in five years? Or what do you want to achieve right now?

Setting goals is much more important than it seems at first glance – without goals everyone lacks focus and a sense of direction. Setting goals not only helps you provide direction in your life, but also allows you to monitor whether you are truly successful.

Read More @ https://bookmylectures.com/why-goal-setting-is-crucial-for-career/

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Online learning is getting immense popularity. If you are looking forward for continuing your education in this way, it is important to know how to stay motivated to complete your education.

There are many benefits to studying online, but it’s also fair to mention that it requires a lot more self-discipline and motivation than you might initially think. Without having to go to university for college, it’s very easy to get distracted and get carried away with everyday life. Finding the motivation to learn is sometimes difficult.

Read More @ https://bookmylectures.com/staying-motivated-during-online-learning/

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Exercise has long been considered a way to stay healthy and fit. The benefits are more than that, both physical and physiological benefits. Physiological benefits include mental health. Scientists study the brain’s ability to capture, store, and process information. Read More @ https://bookmylectures.com/relevance-of-sports-in-students-life/

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You may encounter an existing income tax portal. The Income Tax Office has announced that they will be making changes to this portal to make filing returns easy, faster and, most importantly, easier for users. Existing portals have their limits. With this announcement, the department offers a completely new portal for submitting declarations, which will ensure more transparency and reliability than ever before.

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As per Section 16(4) of the CGST Act 2017, no taxpayer may claim a pre-tax credit for records (invoices and direct debits) for the delivery of goods or services (or both) for the fiscal year 2020-21 years thereafter. the filing date for returns is for September 2021. The deadlines for GSTR-3B for September 2021 are 20 October 2021 for monthly senders and 22 or 24 October 2021, depending on the country/UT where the taxpayer is registered.

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On October 18, 2021, the Goods and Service Network (GSTN) issued a advisory to taxpayers on Form GSTR-2B, which is an automatically generated ITC return that can be made to any ordinary taxpayer based on their Supplier in their respective GSTR information GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).Read More @ https://bookmylectures.com/advisory-for-taxpayers-on-form-gstr-2b/

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Why Goal Setting is Crucial For Career?

Have you ever felt like you were working hard but stuck? Have you ever thought about what you want to do in five years? Or what do you want to achieve right now?

Setting goals is much more important than it seems at first glance – without goals everyone lacks focus and a sense of direction. Setting goals not only helps you provide direction in your life, but also allows you to monitor whether you are truly successful. However, to successfully set goals, it is not enough just to decide that you want something. You need to think carefully about what you want to achieve and set some well-defined steps that will lead you to success.

Here are five golden rules for setting goals to help you clear your ideas, focus on your efforts, utilize your time and resources productively, and increase your chances of getting what you want in life.

Set goals that motivate you the most:

Goals are like morning coffee. You need to recharge people with energy. Goals provide purpose for extraordinary work and effort. The first thing you should do when setting goals is to realize the value of achieving them. If you can imagine the results but are not proud and satisfied, it means you and you should not focus on more meaningful tasks. Fighting for a Porsche because your neighbour owns it is not a goal that will bring lasting satisfaction and joy.  

Like most of us, you may have a list of goals to pursue, but you should always focus on the goals that are highest on your priority list. In this case, less is more, so try to limit your goals to just 3-4. This allows you to manage your time more efficiently and reduce the risk of failure. If you have a goal that is difficult to achieve and takes time, break it down into smaller parts and work on the first three sections, then the next three, and so on. Many successful business people always follow this rule to stay focused and focused on the most important tasks.

Set SMART goals.

SMART is an acronym you can use to guide goal setting. It is an effective tool that gives you the clarity, focus and motivation you need to achieve your goals. This abbreviation means:

Specific (What do I want to achieve? Why is this goal important?)

The more accurate your description, the better your chances of getting it. The objective setting describes the difference between “I want to be a millionaire” and “I want to earn 20,000 euros per month from building an IT business over the next five years”.

Measurable (How do I know it has been achieved?)

SMART objectives should contain criteria for measuring progress. Therefore, your goal must have a measurable element. Feeling happier or healthier is not a measurable achievement. However, if you promise to eat vegetables at least twice a day and actually do so, that’s an achievement you can easily measure.

Achievable (How can I achieve this goal?)

You should always weigh the effort, time and other costs of your goals in relation to other benefits and priorities you may have. If you don’t have enough talent, money, or time to achieve a certain goal, you are likely to fail. That’s why you need to plan carefully!

Realistic (How realistic is this goal based on possible limitations?)

It is very important to assess whether the goals are achievable with time and resources. In addition, to be successful you need to analyze whether you are capable of achieving this goal.

Specific time (What can I do in six months? What can I do today?)

SMART goals must be time-bound as there are start and end dates. Deadlines help people stay motivated. If there are only a few small steps to reach your goal, set a deadline for each.

Write down your goals:

Say you already have a goal in mind. Is it enough to get started? The answer is simple – no. Don’t forget to write it down! According to a survey of Andy Shaw’s struggles to achieve goals, 45% of respondents had goals but never had them. Once people are asked to write down their goals, they find that they never actually write them down completely. How can one work on an undetermined plan? Once you explain it, it will build your commitment to it and help you achieve it by reviewing progress.

It’s easy to focus too much on results and forget about the steps needed to achieve results. You can go from A to Z without considering D, K or M and everything in between. So write down all the individual steps. If it helps, write down why you find the goal worthwhile. Some people become more inspired, able to move on, and more willing to walk another mile to get there if they are constantly reminded of the importance of that goal in their lives.

Making a daily to-do list is also very helpful for staying organized. These daily goals are visible all the time and you should review what you have achieved to assess where you are at the end of the day. For many people, this is the best course of action because it makes things real and makes the person more responsible.

Your long-term goals should not be published as such, but should be kept in a place that can remind you of what to do from time to time. Use active voice when recording it; For example, say “I’m going to increase my travel budget” instead of using more passive language like “I want to…”.

Follow through:

Having a plan is what keeps you focused, but only implementing the plan will make you successful. Looks long term, but lives short term. It’s easy to focus on the things you want and the money you can do, but you can’t do that without the here and now.

Some ideas to help you keep working on your goals are to remember to get out and about, to schedule a weekly time on your calendar to review your goals and progress, and of course, to celebrate your progress.

Set your goals again regularly:

Great success always reflects on the past before jumping into the future. You need to evaluate what happened, look back critically, and be honest about what worked and what didn’t. With each effort, it will become easier for you to set new goals and get used to them. If you succeed in achieving your goals, it will increase your motivation to move forward and achieve more. Therefore, you need to be challenged and set new goals to become an even better version of yourself.

If you fail the first time, think about what you can say “no” or “yes” to what really matters. What can you remove or delegate to invest more time in the right activities that support your goals?

Don’t give up, find out how far you’ve come and where you want to be!

Well, we at Book My Lectures offers online lectures for CS Executive, CSEET and Professional. We have the best faculties from pan India that helps aspirants to pass the exam with proper strategy and ease.

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Staying Motivated During Online Video Lectures

Online learning is getting immense popularity. If you are looking forward for continuing your education in this way, it is important to know how to stay motivated to complete your education.

There are many benefits to studying online, but it’s also fair to mention that it requires a lot more self-discipline and motivation than you might initially think. Without having to go to university for college, it’s very easy to get distracted and get carried away with everyday life. Finding the motivation to learn is sometimes difficult.

Let’s see some of the tips ensure your workout stays on track:

1. Choose a degree that suits you

It’s much easier to have fun learning and be motivated when you enjoy the subject you’re studying. It might even seem obvious enough, but choosing the wrong level can affect your motivation in most of your workouts.

When you need to make a decision, keep the following in mind. What class did you like the most in high school? What topics do you enjoy reading about? What makes you different? Finalizing about which subjects you are interested in and what your professional goals are will help you decide which degree to study.

Your long-term goal of actually getting to the start of your study and desired career after graduation will help you with motivation.

They don’t like all individual classes, but they will help you achieve your goals. Passion for your goals will therefore also make you more motivated to be successful.

Once you’ve chosen the perfect course, you can start enjoying the benefits of online learning. However, with so much flexibility, it’s hard to stay focused and, above all, motivated every day. So here is what you can do?

2. Plan your schedule

First, make a schedule for yourself. Whether it’s a daily calendar, an online calendar, or a paper calendar in your fridge, use what works best for you.

Plan your schedule for the month. Be sure to set all your deadlines for assignments, exams, and other important dates. Social commitments and vacations are also very important. It gives you a clear idea about the month ahead.

You can then schedule weekly projects to prioritize your work. Take sufficient time to study and do all the necessary work. If you think it will take you an hour to complete a task, add another 15 minutes to be on the safe side.

Achievable daily goals and to-do lists are a great way to break down your work and plan the time you’ll be getting

everything is done during the day. Don’t overdo it as you will feel tired at the end of the day. Completing tasks from your to-do list or weekly goals will boost your mood.

Sometimes changes need to be made and you may need to rearrange your schedule. Having a master plan to aim for can be very helpful in this case.

This will help you stay organized and remind you of deadlines. When plans change, rearranging things is a lot easier and less stressful when you have a schedule.

3. Take Breaks:

It may seem odd to encourage you to take a break when we talk about motivation. However, research shows that rest is an important part of a successful work ethic. Strategic breaks can refresh the mind, restore motivation, and increase productivity.

Studying for long periods without rest can drain your mind. Your brain needs rest. Taking a break of 90 minutes of study can help you stay focused.  

Take a break and do some yoga or just get some fresh air. Exercise is good for the body and can help you increase your energy levels. Changing your attitude and environment will also work wonders with your energy levels and reduce stress levels.

Other ways to relax include eating, coffee or tea, short naps (10 to 20 minutes), or meditation. All these options will keep your mind worth it. You can then return to your workout refreshed and ready to focus.

4. Create an inspiring study space:

Studying from home is a great advantage of online learning. You may be tempted to sit comfortably on the couch or even stay in bed while studying in your pyjamas. While this is convenient, it usually doesn’t increase productivity. Creating space for you to learn will help you develop good work habits and make you feel more motivated.

A neat and bright room will help you focus and study more effectively. Make sure your area is comfortable and has a personal touch that you want to spend time there. It’s a good idea to keep this space just for studying. This makes it stand out from your home environment. This will help you get into the work environment more quickly and avoid distractions so you can concentrate on your training.

Online learning means you can work from anywhere, not just from your home. So if you prefer to work at your local cafe or library, feel free to take advantage of that. Changing your environment can also increase motivation and keep your mind active.

5. Stick to a routine:

Routine is about planning, but your routine is more about your daily habits. Finding a routine that works for you and sticking to it can help you achieve success and do more as the day progresses.

If you incorporate study time into your daily routine, the chances are higher. Otherwise, it is easier to hesitate and doubt due to lack of motivation. If you make studying a regular habit in your daily life, you will become more successful and achieve your goals.

6. Reward yourself for achievements:

Completing assignments or taking exams is something to be proud of. Even reaching your study goals for a week or completing your to-do list is an accomplishment. Don’t be afraid to celebrate.

Share your success with friends and family or treat yourself to something fun. Celebrating and acknowledging your accomplishments generate positive energy and encourage more intrinsic motivation. So go ahead and celebrate the little wins you deserve.

7. Connect with other students:

Online learning can be isolating, but there’s no excuse for that. With modern technology and the internet, there are so many ways to connect with people. If you live in another city or country, you may not be able to meet people in person, but you can connect online.

Use online resources and interactive groups at the university. You may be able to connect with other students in your course. Join online communities or create social media groups where you can all connect to discuss your practice and help each other.

Connecting with local students in your area is another great opportunity. You don’t have to learn the same thing. Meeting fellow students can be a great opportunity to socialize and build new relationships. You can help each other stay motivated while you study.

8. Stay balanced:

It is important to study and succeed in a diploma, but don’t let this be impossible. Ignoring your privacy can be very easy. A healthy balance will help you stay positive, motivated, and focused on your goals.

Balancing study, family, friends, and work can be difficult, especially if you are studying from home. You can easily fall into the trap of studying or working around the clock, which can result in burns. Learning to separate work and study from your social and personal life can prevent this from happening.

Don’t forget to get help. If you feel overwhelmed, talk to your teacher, fellow students, or family members. They can offer support and help you pull away and focus on what’s important. Reassessing the situation can help reduce stress and create a healthier work-life balance.

Staying motivated doesn’t have to be difficult. With these simple tips you can continue your studies and enjoy your online diploma.

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Relevance of Sports in Students Life

Exercise has long been considered a way to stay healthy and fit. The benefits are more than that, both physical and physiological benefits. Physiological benefits include mental health. Scientists study the brain’s ability to capture, store, and process information. The influence of sport on education is limitless. Students are encouraged to exercise at school. Many of them, especially students, do not participate actively. You are in a situation that you can avoid. I have listed ten benefits of practice for students. After you finish reading this, you will have a better understanding of how the exercises will benefit students.

Health:

Sport and health are closely related. The stress of exercising bones, muscles, tendons and ligaments keep them healthy and well. Exercise helps burn the calories in the body, which reduces obesity risk. Increases the efficiency and endurance of the heart muscle, increases its efficiency, reduces the risk of heart disease. Exercise manages the blood sugar level in the body. Glucose gets changes in energy which balances blood sugar. Exercise also helps fight cancer and other ills of civilization.

Self-esteem and self-esteem:

The handshake after this win creates trust. Words of encouragement and praise from parents, friends, and coaches make students feel welcome. A motivated student can do better in class than a student who sees things as contradicting himself.

Cooperation:

Teamwork is the key to success. In sports, you have to work together with other team members to win. To study successfully, students need to work closely with teachers and classmates. Those who are able to work in teams after school achieve their goals by working on a project. Employers looks forward for hiring people who can work with other employees to achieve a common goal. The ability to work in a team is another prerequisite for a good job.

Instruction:

Have a leadership role in sports. Becoming a captain gives students the ability to be a good mentor. At a later stage, he may become interested in politics and eventually become a leader. As principal, you will help students develop leadership skills and interests. Many principles are involved in school administration at some point during their training. Many top positions in companies require leaders.

Social skills:

Sport connects people. Sports students have many friends. Playing in other schools gives them the opportunity to communicate with new people. Practice allows students to go abroad. You can learn a foreign language when you are abroad. It helps in building the belonging sense. These communication as well as social skills will initiate students later in their future careers and relationships. You learn at a young age how important the people around you are. Sports students are not victims of ethnicity or other forms of discrimination. They value the presence of each individual in their life.

Discipline:

Discipline is very crucial in life as well as sport. In sports, students must follow the rules that have been set and obey the coach. While other students think nonsense about drugs, sports students train diligently, there is no time for drugs. The coach also trains them about the negative effects of the drug on their sports life. With discipline, students can achieve their goals. Time management skills are acquired in sports. If you have a busy schedule and don’t have time to complete assignments due to exercise, you can find an essay writing service to help with the task.

Career and Passion:

Few students are good at sports. There’s nothing more satisfactory than doing what you can. As a soccer player at school, you may have a desire to become a top athlete, then coach coaches and others. You can also choose to practice as a judge or coach. This sport has many careers that are needed by professionals.

Improved energy level:

Regular exercise increases our energy levels. Sports students can move all day without getting tired. Regular exercise improves lung function. You can take in more oxygen in the body, which is used for energy production. Practitioners can perform the task with little struggle. Athletes can cover long distances compared to non-athletes.

Emotion management:

Emotions depend on sport. Exercise students can control their emotions. The trainer teaches students how various negative emotions can affect their performance. Emotion management skills learned from an early age will help a person overcome critical life challenges later in life.

All of the above reasons show that sports and play are an integral part of the education system. Well, if you are a CS candidate, at Book My Lectures we have online video lectures for CS to help our students achieve their desired goals.

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