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B-COM in General at AKSHARA COLLEGE OF ARTS, SCIENCE AND COMMERCE
Ranga Reddy, Telangana
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About the Specialization
What is General at AKSHARA COLLEGE OF ARTS, SCIENCE AND COMMERCE Ranga Reddy?
This B.Com General program at Akshara Degree College For Women focuses on providing a comprehensive understanding of core commerce subjects essential for a strong foundation in business. It covers accounting, finance, economics, and management, aligning with the evolving needs of the Indian business landscape. The program is designed to equip students with analytical and practical skills for diverse roles in the finance and accounting sectors, preparing them for the dynamic economic environment.
Who Should Apply?
This program is ideal for fresh graduates from intermediate (10+2) seeking entry into accounting, banking, financial services, or general business roles. It also suits individuals aiming for government jobs in finance departments or those preparing for professional certifications like CA, CS, or CMA in India, providing a robust academic base for future specialized studies.
Why Choose This Course?
Graduates of this program can expect to pursue career paths as accountants, financial analysts, tax consultants, and banking professionals in India. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential up to INR 8-12 LPA with experience in established Indian companies and MNCs operating within the country, fostering professional advancement.
Student Success Practices
Foundation Stage
Master Core Accounting and Economic Fundamentals- (Semester 1-2)
Consistently review financial accounting principles and economic theories from day one. Attend all lectures, solve practice problems regularly, and form study groups to clarify concepts. Utilize online resources like ICAI study material for fundamental clarity and participate in introductory accounting software workshops for practical exposure.
Tools & Resources
ICAI Study Material (Foundation), Tally ERP 9 Basics, Khan Academy Finance, Peer Study Groups
Career Connection
A strong foundation in these subjects is critical for all future commerce career paths, including competitive exams, professional courses, and entry-level accounting roles, ensuring better placements and career stability.
Develop Essential Communication and Digital Literacy- (Semester 1-2)
Actively participate in English language classes to enhance written and verbal communication. Practice essay writing, presentations, and group discussions. Simultaneously, gain proficiency in basic computer skills including MS Office, particularly Excel for data entry and analysis, which is crucial for any modern office environment.
Tools & Resources
MS Office Suite, Grammarly, Toastmasters (if available at college), Online tutorials for Excel
Career Connection
Effective communication and digital skills are non-negotiable for job interviews, client interactions, and efficient office work, significantly boosting employability in various Indian industries and sectors.
Cultivate Discipline and Time Management- (Semester 1-2)
Establish a consistent study schedule from the beginning. Prioritize tasks, allocate dedicated time for each subject, and avoid last-minute cramming. Regular revision and mock tests will build confidence and improve academic performance. Focus on understanding concepts rather than rote memorization to ensure deeper learning.
Tools & Resources
Study planners, Pomodoro Technique, Previous year question papers, Academic counseling
Career Connection
Good academic habits developed early lead to consistent performance, better grades, and a disciplined approach that is highly valued by employers in any professional setting, paving the way for success.
Intermediate Stage
Engage with Advanced Statutory and Financial Concepts- (Semester 3-4)
Deep dive into Corporate Accounting, Income Tax, and Business Law. Solve case studies and practical problems related to tax computation, company finalization, and legal compliance. Seek guidance from faculty on complex regulations and understand their real-world application in Indian businesses to gain practical insights.
Tools & Resources
Taxmann publications, ICSI study material (for corporate law aspects), Legal databases, Industry case studies
Career Connection
Proficiency in these areas is crucial for roles in corporate finance, taxation, auditing, and legal compliance departments across Indian companies and CA/CS firms, offering specialized career avenues.
Build Analytical Skills with Business Statistics- (Semester 3-4)
Focus on understanding statistical tools and their application in business decision-making. Practice data analysis using Excel and learn to interpret statistical reports. This will enhance problem-solving capabilities required for market research, financial modeling, and economic analysis, making you an invaluable asset.
Tools & Resources
MS Excel (Data Analysis ToolPak), Statistical software tutorials (e.g., R basics), Business journals, Data analysis exercises
Career Connection
Analytical skills are highly sought after in finance, market research, and consultancy roles, enabling graduates to contribute to data-driven strategies in Indian businesses and achieve career growth.
Seek Early Industry Exposure through Internships/Projects- (Semester 3-4)
Actively look for short-term internships or virtual projects during semester breaks in accounting firms, banks, or local businesses. Apply theoretical knowledge to practical scenarios, understand organizational structures, and begin building a professional network within the Indian industry for future opportunities.
Tools & Resources
Internshala, LinkedIn, College placement cell, Local business directories
Career Connection
Practical experience makes graduates more job-ready, provides valuable insights, and often leads to pre-placement offers or strong referrals in the competitive Indian job market, boosting employability.
Advanced Stage
Master Cost Management and Strategic Auditing- (Semester 5-6)
Gain in-depth knowledge of Cost Accounting and Auditing principles. Practice cost control techniques, variance analysis, and understand different audit procedures. This prepares students for roles in management accounting, internal auditing, and statutory auditing firms in India, enhancing their expertise.
Tools & Resources
ICWA/CMA study material, Indian Accounting Standards (Ind AS), Professional audit software demos, Audit report samples
Career Connection
Expertise in cost and audit functions is essential for senior accounting and finance roles, making graduates invaluable assets to companies focused on efficiency and compliance in the Indian market.
Develop Expertise in GST and Digital Commerce- (Semester 5-6)
Acquire practical understanding of Goods and Services Tax (GST) compliance, including returns filing and input tax credit mechanisms. Explore E-Commerce business models, payment gateways, and digital marketing strategies. This is crucial for roles in modern taxation and online business operations in India.
Tools & Resources
GST portal (for practice), Tally Prime, E-commerce platform tutorials (e.g., Shopify basics), Digital Marketing courses
Career Connection
With India''''s digital economy boom, skills in GST and e-commerce are highly demanded for accounting, taxation, and digital business roles, ensuring relevance and significant career growth opportunities.
Intensify Placement Preparation and Networking- (Semester 5-6)
Utilize the college placement cell for resume building, mock interviews, and group discussion practice. Attend industry seminars, workshops, and career fairs to network with potential employers. Focus on developing soft skills and specific technical skills required by top recruiters in finance and commerce sectors for optimal preparedness.
Tools & Resources
College placement cell, LinkedIn, Online interview preparation platforms, Company-specific aptitude tests
Career Connection
Dedicated placement preparation directly translates into securing coveted positions in leading Indian banks, ITES firms, accounting services, and corporations, kickstarting a successful and rewarding career.
Program Structure and Curriculum
Eligibility:
- Intermediate (10+2) or equivalent examination from a recognized board
Duration: 3 years / 6 semesters
Credits: 148 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC101 | Indian Heritage and Culture | Ability Enhancement Compulsory Course (AECC) | 2 | Understanding Indian culture, Ancient Indian Literature, Indian Art and Architecture, Philosophical traditions of India, Contemporary Indian society and values |
| EN101 | English Language | Language | 4 | Communication Skills development, Basic Grammar and Usage, Reading Comprehension techniques, Writing Business Letters and Reports, Vocabulary and Idiomatic expressions |
| SL101 | Second Language (e.g., Telugu / Hindi / Sanskrit) | Language | 4 | Prose and Poetry studies, Grammar and Composition rules, Translation Skills practice, Functional Language Usage, Cultural Context of the language |
| CO101 | Financial Accounting - I | Core | 4 | Accounting Principles and Concepts, Journal, Ledger, and Trial Balance, Preparation of Final Accounts, Depreciation Accounting methods, Rectification of Errors |
| CO102 | Business Economics - I | Core | 4 | Nature and Scope of Business Economics, Demand Analysis and Forecasting, Supply Analysis fundamentals, Production Analysis and Costs, Market Structures and Pricing strategies |
| CO103 | Business Organisation and Management | Core | 4 | Forms of Business Organization, Business Environment analysis, Management Principles and Functions, Planning and Decision Making, Organizing and Staffing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC201 | Basic Computer Skills | Ability Enhancement Compulsory Course (AECC) | 2 | Fundamentals of Computers and Operating Systems, MS Word for document creation, MS Excel for data management and analysis, MS PowerPoint for presentations, Internet and Email Basics |
| EN201 | English Language (Advanced) | Language | 4 | Advanced Grammar and Usage, Report Writing and Official Correspondence, Presentation Skills development, Group Discussion Techniques, Critical Reading and Analysis |
| SL201 | Second Language (e.g., Telugu / Hindi / Sanskrit) | Language | 4 | Literary Analysis and appreciation, Advanced Grammar and Syntax, Creative Writing skills, Spoken Communication practice, Cultural Aspects of Language |
| CO204 | Financial Accounting - II | Core | 4 | Accounting for Consignment, Joint Venture Accounts, Hire Purchase and Installment Systems, Branch Accounts methods, Departmental Accounts |
| CO205 | Business Economics - II | Core | 4 | Macroeconomic Concepts and variables, National Income Accounting, Theory of Employment and Income, Inflation, Deflation, and Business Cycles, Monetary and Fiscal Policies |
| CO206 | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Consumer Protection Act, 2019, Indian Partnership Act, 1932, Negotiable Instruments Act, 1881 |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO307 | Corporate Accounting - I | Core | 4 | Issue and Forfeiture of Shares, Issue and Redemption of Debentures, Underwriting of Shares and Debentures, Valuation of Goodwill, Valuation of Shares |
| CO308 | Financial Services | Core | 4 | Indian Financial System overview, Capital Market Operations, Money Market Instruments, Mutual Funds and their types, Leasing and Hire Purchase Finance |
| CO309 | Business Statistics - I | Core | 4 | Introduction to Statistics and Data, Collection and Presentation of Data, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis |
| CO310 | Income Tax - I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| SEC301 | Tax Planning | Skill Enhancement Course (SEC) | 2 | Introduction to Tax Planning, Tax Avoidance vs. Tax Evasion, Tax Planning for Salaried Individuals, Tax Planning for Business Entities, Compliance and Ethical Considerations |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO411 | Corporate Accounting - II | Core | 4 | Accounting for Amalgamation, Internal Reconstruction of Companies, Liquidation of Companies, Consolidated Financial Statements, Cash Flow Statements |
| CO412 | Banking and Financial Institutions | Core | 4 | Commercial Banks and their Functions, Reserve Bank of India (RBI), Development Financial Institutions, Non-Banking Financial Companies (NBFCs), E-Banking and Digital Payments |
| CO413 | Business Statistics - II | Core | 4 | Probability and Probability Distributions, Sampling and Sampling Distributions, Hypothesis Testing, Chi-Square Test and ANOVA, Index Numbers and Time Series Analysis |
| CO414 | Income Tax - II | Core | 4 | Income from Capital Gains, Income from Other Sources, Deductions from Gross Total Income, Assessment of Individuals, Tax Deducted at Source (TDS) and Advance Tax |
| SEC401 | Personal Financial Planning | Skill Enhancement Course (SEC) | 2 | Goal-Based Financial Planning, Budgeting and Cash Flow Management, Investment Avenues (Equity, Debt, MF), Risk Management and Insurance, Retirement Planning strategies |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO515 | Cost Accounting | Core | 4 | Cost Concepts and Classification, Cost Sheet Preparation, Material Costing and Control, Labour Costing and Control, Overhead Costing methods |
| CO516 | Auditing | Core | 4 | Principles and Objectives of Auditing, Types of Audit and Auditors, Internal Control System, Vouching and Verification, Audit Report and Professional Ethics |
| CO517 | Principles of Marketing | Core | 4 | Nature and Scope of Marketing, Marketing Environment analysis, Market Segmentation, Targeting, and Positioning, Product Life Cycle and Branding, Pricing, Promotion, and Distribution Channels |
| GE501 | Fundamentals of Insurance | Generic Elective (GE) | 2 | Principles of Insurance, Types of Life Insurance, Types of General Insurance, Regulatory Framework (IRDAI), Claims Management Process |
| DE501A | Management Accounting | Discipline Specific Elective (DSE) | 4 | Nature and Scope of Management Accounting, Fund Flow Statement, Cash Flow Statement, Ratio Analysis for decision making, Budgetary Control and Variance Analysis |
| DE502A | Financial Management | Discipline Specific Elective (DSE) | 4 | Objectives of Financial Management, Time Value of Money concepts, Capital Budgeting Decisions, Working Capital Management, Cost of Capital and Capital Structure |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO618 | Goods and Services Tax (GST) | Core | 4 | Introduction to GST and its framework, Types of GST (CGST, SGST, IGST, UTGST), Input Tax Credit Mechanism, Registration and Returns under GST, Levy and Collection of GST |
| CO619 | E-Commerce | Core | 4 | Fundamentals of E-Commerce, E-Business Models (B2C, B2B, C2C), Electronic Payment Systems, E-Security and Privacy Issues, Digital Marketing Strategies |
| CO620 | Human Resource Management | Core | 4 | Strategic Role of HRM, Human Resource Planning, Recruitment and Selection processes, Training and Development, Performance Appraisal and Compensation Management |
| DE603A | Investment Management | Discipline Specific Elective (DSE) | 4 | Investment Avenues and Instruments, Risk and Return Analysis, Portfolio Management strategies, Fundamental Analysis of securities, Technical Analysis of markets |
| DE604A | International Business | Discipline Specific Elective (DSE) | 4 | Theories of International Trade, Modes of Entry into International Business, Balance of Payments components, Foreign Exchange Market operations, International Financial Institutions |
