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BCOM in Accounting Finance at Acharya Jagadish Chandra Bose College
Kolkata, West Bengal
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About the Specialization
What is Accounting & Finance at Acharya Jagadish Chandra Bose College Kolkata?
This Accounting & Finance program at Acharya Jagadish Chandra Bose College, affiliated with the University of Calcutta, provides a robust foundation in financial principles and accounting practices crucial for the dynamic Indian economy. It is designed to equip students with analytical and decision-making skills, preparing them for diverse roles in the rapidly evolving financial services sector in India. The curriculum integrates traditional accounting with modern financial management concepts.
Who Should Apply?
This program is ideal for high school graduates with a strong aptitude for numbers and business studies, aspiring to build a career in accounting, finance, or taxation within India. It also suits individuals keen on pursuing professional certifications like CA, CMA, or CS, as the foundational knowledge provided aligns well with these pathways. Freshers seeking entry-level positions in audit firms, banks, or corporate finance departments will find this course highly beneficial.
Why Choose This Course?
Graduates of this program can expect to secure roles such as Junior Accountant, Financial Analyst, Tax Consultant, or Auditor in various Indian companies, MNCs, and government sectors. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential up to INR 8-15 LPA with experience and advanced qualifications. The program''''s comprehensive nature prepares students for higher studies like M.Com, MBA in Finance, or professional designations.
Student Success Practices
Foundation Stage
Build Strong Accounting & Management Fundamentals- (Semester 1-2)
Focus intensely on understanding the core concepts of Financial Accounting and Principles of Management. Regularly practice journal entries, ledger postings, and final account preparation. Engage in discussions on management theories to grasp their real-world application. Utilize textbooks, reference books, and online tutorials to solidify these basic building blocks, which are essential for all subsequent semesters.
Tools & Resources
Textbooks by T.S. Grewal, M.C. Shukla for Accounting, P.C. Tripathi & P.N. Reddy for Management, Khan Academy Accounting Basics, Coursera/edX introductory courses
Career Connection
A strong foundation ensures clarity in advanced topics and provides the bedrock for roles like Junior Accountant or Management Trainee, crucial for initial career steps in India.
Develop Effective Study Habits and Peer Learning- (Semester 1-2)
Establish a consistent study schedule, revisiting concepts learned in class daily. Form small study groups to discuss challenging topics, solve problems collaboratively, and prepare for internal assessments. Active participation in class and seeking clarification from faculty are vital. This also helps in developing communication and teamwork skills, valuable in any professional setting.
Tools & Resources
College Library resources, Online collaborative tools (Google Docs, Microsoft Teams), Regular attendance in doubt-clearing sessions
Career Connection
These habits build discipline and analytical rigor, indirectly preparing you for the structured demands of corporate work and professional exams in India.
Begin Early Skill Building with Basic Software- (Semester 1-2)
While the curriculum introduces computerized accounting later, start familiarizing yourself with basic office productivity tools like Microsoft Excel for data entry, calculations, and simple financial analysis. Explore introductory modules of accounting software like Tally ERP 9 through free trials or basic tutorials. This early exposure provides a significant edge.
Tools & Resources
Microsoft Excel tutorials (online), Basic Tally ERP 9 tutorials (YouTube, Tally Education website), Free online typing tutors
Career Connection
Proficiency in basic office and accounting software is a fundamental requirement for almost all entry-level commerce jobs in India, making you more employable.
Intermediate Stage
Engage in Practical Application and Case Studies- (Semester 3-5)
For subjects like Income Tax, Cost Accounting, and Corporate Accounting, move beyond theory to solve complex practical problems and case studies. Look for real-world scenarios in Indian companies. Participate in workshops or seminars organized by the college or professional bodies that focus on applying accounting and finance principles to actual business problems.
Tools & Resources
Case study books on Indian accounting/finance, Business newspapers (Economic Times, Business Standard), College workshops, industry guest lectures
Career Connection
Translating theoretical knowledge to practical solutions is highly valued in the Indian job market, especially for roles in auditing, tax consulting, and financial analysis.
Seek Internships and Industry Exposure- (Semester 3-5)
Actively search for short-term internships, even unpaid ones, during semester breaks at local accounting firms, small businesses, or financial institutions. This provides invaluable hands-on experience in areas like bookkeeping, tax filing, or basic financial operations. Attend career fairs and networking events to understand industry expectations and build connections.
Tools & Resources
LinkedIn, Internshala, Naukri.com for internships, College placement cell guidance, Networking events with local CAs/financial advisors
Career Connection
Internships are critical for gaining practical experience and making industry contacts, often leading to pre-placement offers or improving your resume for full-time roles in India.
Specialise Skills with Advanced Software & Certifications- (Semester 3-5)
Deepen your expertise in Tally ERP 9 and GST filing. Consider pursuing additional certifications or short courses in areas like Advanced Excel, SAP FICO (if feasible), or financial modeling. These specialized skills are highly sought after in the Indian finance and accounting sector and can differentiate you from other graduates.
Tools & Resources
Tally Education certifications, Udemy/Coursera courses on Advanced Excel/Financial Modeling, SAP learning modules (if student edition available)
Career Connection
Advanced software proficiency and certifications directly enhance your employability for specialized roles like Tax Analyst, ERP Consultant, or Financial Modeler in Indian firms.
Advanced Stage
Master Project Work and Research- (Semester 6)
Dedicate significant effort to your final year project. Choose a topic that aligns with your specialization and career goals, focusing on a relevant issue in the Indian financial or accounting landscape. Conduct thorough research, data analysis, and present your findings professionally. This demonstrates your ability to independently analyze and solve problems.
Tools & Resources
Research journals (e.g., SEBI, RBI publications), Statistical software (Excel, R/Python basics for data analysis), Guidance from faculty mentors
Career Connection
A well-executed project is a strong talking point in interviews, showcasing analytical skills and a deep understanding of industry challenges, leading to better placement opportunities.
Intensive Placement and Professional Exam Preparation- (Semester 6)
Begin rigorous preparation for campus placements or competitive professional exams like CA, CMA, or CS. Practice aptitude tests, group discussions, and mock interviews. Tailor your resume and cover letter to specific job roles. For professional exams, commit to a structured study plan and join coaching classes if required, focusing on Indian regulatory frameworks.
Tools & Resources
Online aptitude test platforms, Mock interview practice sessions, Coaching institutes for CA/CMA/CS, Previous year''''s question papers
Career Connection
Focused preparation is paramount for securing desirable placements in top Indian companies or successfully clearing demanding professional certifications, accelerating career growth.
Network Strategically and Build a Professional Presence- (Semester 6)
Actively expand your professional network by connecting with alumni, industry experts, and recruiters on platforms like LinkedIn. Attend webinars, conferences, and industry events, both online and offline. Develop a strong online professional presence by sharing insights or participating in relevant discussions. Leverage these connections for mentorship and career opportunities.
Tools & Resources
LinkedIn profile optimization, Industry association memberships (e.g., ICAI student chapters), Alumni network events
Career Connection
Networking opens doors to hidden job markets and provides valuable career guidance, particularly beneficial for navigating the competitive Indian corporate landscape.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 Examination with at least 45% marks in aggregate or 50% marks in aggregate with 40% marks in subject or related subject at 10+2 level (as per Acharya Jagadish Chandra Bose College admissions).
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Social Issues and the Environment |
| CC 1.1 Chg | Financial Accounting I | Core | 6 | Theoretical Framework of Accounting, Accounting Process and Final Accounts, Depreciation Accounting, Consignment Accounts, Joint Venture Accounts, Accounting for Non-Profit Organizations |
| CC 1.2 Chg | Principles of Management | Core | 6 | Introduction to Management, Planning and Decision Making, Organizing and Staffing, Directing and Leadership, Controlling and Coordination, Emerging Issues in Management |
| GE 1.1 Chg | Microeconomics I | Generic Elective | 6 | Introduction to Economics, Demand and Supply Analysis, Consumer Behaviour, Production and Cost Analysis, Market Structures (Perfect Competition), Factor Pricing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English Communication / MIL | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Language of Communication, Writing Skills, Oral Communication, Grammar and Usage, Reading Comprehension |
| CC 2.1 Chg | Financial Accounting II | Core | 6 | Hire Purchase System, Instalment Payment System, Branch Accounts, Departmental Accounts, Lease Accounting, Partnership Accounts (Admission, Retirement, Dissolution) |
| CC 2.2 Chg | Marketing Management | Core | 6 | Introduction to Marketing, Consumer and Business Markets, Product Decisions, Pricing Decisions, Place (Distribution) Decisions, Promotion Decisions |
| GE 2.1 Chg | Macroeconomics I | Generic Elective | 6 | National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation, Fiscal Policy, Monetary Policy |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 3.1 Chg | Income Tax Law & Practice | Core | 6 | Basic Concepts and Residential Status, Incomes under different Heads (Salary, House Property), Profits & Gains of Business or Profession, Capital Gains and Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Deductions from Gross Total Income, Computation of Tax Liability |
| CC 3.2 Chg | Cost Accounting | Core | 6 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Methods of Costing (Job, Batch, Contract), Process Costing |
| CC 3.3 Chg | Principles of Marketing | Core | 6 | Introduction to Marketing, Marketing Environment, Market Segmentation, Targeting, Positioning, Marketing Mix Strategies, Consumer Buying Behaviour, Services Marketing |
| SEC 3.1 Chg | E-Commerce | Skill Enhancement Course | 2 | Introduction to E-Commerce, Business Models of E-Commerce, E-Payment Systems, E-Security and Privacy, M-Commerce, Legal and Ethical Issues in E-Commerce |
| GE 3.1 Chg | Business Statistics | Generic Elective | 6 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers and Time Series Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 4.1 Chg | Corporate Accounting | Core | 6 | Accounting for Shares, Accounting for Debentures, Final Accounts of Companies, Cash Flow Statement (AS-3), Amalgamation of Companies, Internal Reconstruction |
| CC 4.2 Chg | Auditing & Assurance | Core | 6 | Introduction to Auditing, Audit Planning and Documentation, Internal Control System, Vouching and Verification, Company Audit, Audit Report |
| CC 4.3 Chg | Business Law | Core | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 1986, Limited Liability Partnership Act, 2008, Companies Act, 2013 (select provisions) |
| SEC 4.1 Chg | Computerized Accounting & E-filling | Skill Enhancement Course | 2 | Introduction to Computerized Accounting Systems, Tally ERP 9 for Accounting, Generation of Financial Reports using Software, Basics of E-Filing of Income Tax Returns, E-Filing of GST Returns, Data Backup and Security |
| GE 4.1 Chg | Indian Economy | Generic Elective | 6 | Basic Characteristics of Indian Economy, Agriculture and Industrial Sector, Indian Financial System, Foreign Trade and Balance of Payments, Economic Reforms since 1991, Poverty, Unemployment, and Inequality |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 5.1 Chg | Financial Management | Core | 6 | Introduction to Financial Management, Capital Budgeting Decisions, Cost of Capital, Capital Structure Theories, Leverage Analysis, Dividend Policy Decisions |
| CC 5.2 Chg | Management Accounting | Core | 6 | Introduction to Management Accounting, Ratio Analysis, Funds Flow Statement, Cash Flow Statement (AS-3), Budgetary Control, Standard Costing and Variance Analysis |
| DSE 5.1 A | Principles of Finance | Discipline Specific Elective (Accounting & Finance) | 6 | Introduction to Financial System, Time Value of Money, Risk and Return, Valuation of Bonds and Stocks, Portfolio Management, Working Capital Management |
| DSE 5.2 A | Indian Financial System | Discipline Specific Elective (Accounting & Finance) | 6 | Structure of Indian Financial System, Financial Markets (Money Market, Capital Market), Financial Institutions (Banking, NBFCs), Financial Instruments, Financial Sector Reforms, Role of Regulators (RBI, SEBI, IRDA) |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 6.1 Chg | Indirect Tax Law | Core | 6 | Introduction to Goods and Services Tax (GST), GST Council and Administration, Levy and Collection of GST, Input Tax Credit, Time and Value of Supply, Customs Act, 1962 (basic concepts) |
| CC 6.2 Chg | Project Work | Core | 6 | Identification of Research Problem, Review of Literature, Research Design and Methodology, Data Collection and Analysis, Report Writing, Presentation and Viva-Voce |
| DSE 6.1 A | International Business | Discipline Specific Elective (Accounting & Finance) | 6 | Nature and Scope of International Business, Theories of International Trade, Foreign Direct Investment, Balance of Payments, Global Monetary System, International Financial Markets |
| DSE 6.2 A | Corporate Governance, Ethics & Social Responsibility | Discipline Specific Elective (Accounting & Finance) | 6 | Concept and Significance of Corporate Governance, Board of Directors and its Role, Shareholders and Stakeholder Rights, Business Ethics and Values, Corporate Social Responsibility, Role of Independent Directors and Committees |
