Dr. Bhagwati Prasad, after having had a brilliant academic career, started university teaching in the year 1958 and retired in the year 1995 from Karnatak University, Dharwad. He was professor of Management, Dean & Director at Kousali Institute of Management Studies, Karnatak University. During this period,he also taught at Banaras Hindu University, Varanasi and Shri Ram College of Commerce, Delhi. He was active in research and produced many Ph.Ds. in Management, Finance and Economic Planning. His association with University Grants Commission, All India Council for Technical Education and Union Public Service Commission has been noteworthy. He has also served as the President of Indian Accounting Association. He has authored books in Income-tax and accounting which used to be read widely. After retirement he has helped private sector in establishing institutes of higher learning we feel proud to say that today theses institutes are successful in imparting value based education to develop skilled professionals.