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B-COM-HONS in Accounting And Taxation at Alliance University
Bengaluru, Karnataka
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About the Specialization
What is Accounting and Taxation at Alliance University Bengaluru?
This Accounting and Taxation program at Alliance University focuses on equipping students with an in-depth understanding of financial reporting, corporate accounting practices, direct and indirect taxation, and auditing standards relevant to the Indian context. It emphasizes statutory compliance, financial analysis, and strategic tax planning, preparing graduates for dynamic roles in the rapidly evolving Indian financial sector. The program integrates theoretical knowledge with practical applications.
Who Should Apply?
This program is ideal for 10+2 graduates seeking entry into the accounting, finance, and taxation fields. It also caters to aspiring chartered accountants, company secretaries, or financial analysts who wish to build a strong foundational knowledge. Students with a keen interest in corporate governance, financial integrity, and regulatory compliance will find this specialization particularly rewarding, preparing them for professional certifications.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as tax consultants, internal auditors, financial accountants, or compliance officers in corporate firms. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning significantly higher. The program aligns well with pathways to professional certifications like CA, CMA, and CS, fostering growth in Indian companies and multinational corporations operating within the country.
Student Success Practices
Foundation Stage
Master Core Financial Concepts- (Semester 1-2)
Develop a strong grasp of Financial Accounting and Business Economics fundamentals. Regularly practice journal entries, ledger postings, and financial statement preparation using real-world examples.
Tools & Resources
Tally ERP 9 practice software, Basic accounting textbooks, Online tutorials from ICAI/ICSI
Career Connection
Essential for any role in accounting or finance, building the bedrock for advanced subjects and professional exams.
Enhance Business Communication Skills- (Semester 1-2)
Actively participate in group discussions, presentations, and formal report writing. Focus on clarity, conciseness, and professional etiquette, crucial for corporate interactions.
Tools & Resources
Toastmasters International (if available), Business communication guides, Peer feedback sessions
Career Connection
Improves interview performance, client interaction, and effective team collaboration in any business environment.
Build Foundational IT Skills for Business- (Semester 1-2)
Become proficient in MS Office Suite (Excel for data analysis, Word for reports, PowerPoint for presentations). Explore basic business intelligence tools and database concepts.
Tools & Resources
Microsoft Office Specialist (MOS) certification, Free online courses on Excel, Google Sheets, basic SQL
Career Connection
Automates tasks, enables efficient data handling, and is a prerequisite for most modern accounting and finance roles.
Intermediate Stage
Deep Dive into Tax Laws & Cost Accounting- (Semester 3-5)
Thoroughly understand Income Tax Law, GST, and Cost Accounting principles. Solve numerical problems extensively and analyze case studies to grasp practical application and compliance.
Tools & Resources
Bare Acts of Income Tax and GST, ICMAI study material, Tax software demos (e.g., ClearTax)
Career Connection
Directly applicable to tax advisory, financial analysis, and cost management roles in corporate settings and consulting firms.
Seek Early Industry Exposure through Internships- (Semester 3-5)
Actively search for and complete short-term internships in accounting firms, tax consultancies, or corporate finance departments. Focus on understanding real-world processes and software.
Tools & Resources
University career services, LinkedIn, Internships.com, Company websites
Career Connection
Provides practical experience, networking opportunities, and a competitive edge during final placements; often leads to pre-placement offers.
Engage in Professional Body Certifications & Workshops- (Semester 3-5)
Attend workshops or begin preparing for introductory modules of professional certifications like CA Foundation, CMA Foundation, or NISM certifications. Participate in related college competitions.
Tools & Resources
ICAI/ICMAI/NISM study materials, Online coaching platforms, College finance clubs
Career Connection
Demonstrates commitment to the profession, enhances specialized knowledge, and significantly boosts employability and long-term career growth.
Advanced Stage
Master Advanced Auditing and Tax Planning- (Semester 6)
Develop expertise in Auditing Standards, Corporate Governance, and Advanced Direct/Indirect Tax Planning. Analyze complex scenarios and develop strategic solutions.
Tools & Resources
Institute of Internal Auditors (IIA) resources, ICAI Standards on Auditing, Advanced tax planning guides
Career Connection
Prepares for senior roles in internal audit, statutory audit, risk management, and high-level tax consulting within large organizations.
Intensive Placement Preparation & Mock Interviews- (Semester 6)
Dedicate time to refine resume/CV, practice aptitude tests, group discussions, and mock interviews tailored for finance and accounting roles. Focus on company-specific preparation.
Tools & Resources
University placement cell, Online aptitude test platforms, Interview preparation guides, Peer interview practice
Career Connection
Maximizes chances of securing desired placements with top companies, ensuring a smooth transition from academics to professional life.
Develop Specialized Project & Research Skills- (Semester 6)
Undertake a comprehensive project or research paper in a chosen area of accounting or taxation. This demonstrates advanced analytical and problem-solving abilities.
Tools & Resources
Academic databases (JSTOR, EBSCO), Research methodology workshops, Faculty mentors
Career Connection
Showcases ability to apply theoretical knowledge to complex real-world problems, valuable for both job applications and potential higher studies.
Program Structure and Curriculum
Eligibility:
- 10+2 from a recognized board with a minimum of 50% aggregate marks (45% for SC/ST candidates).
Duration: 3 years / 6 semesters
Credits: 160 Credits
Assessment: Assessment pattern not specified
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | English | Ability Enhancement Compulsory Course | 4 | Communication Skills, Grammar and Usage, Reading Comprehension, Writing Skills, Presentation Techniques |
| CC-1 | Financial Accounting | Core | 4 | Accounting Principles, Journal and Ledger, Trial Balance, Final Accounts, Rectification of Errors |
| CC-2 | Business Organization & Management | Core | 4 | Forms of Business Organization, Principles of Management, Planning and Organizing, Directing and Controlling, Decision Making |
| CC-3 | Business Economics | Core | 4 | Microeconomics Concepts, Demand and Supply Analysis, Production and Cost, Market Structures, Pricing Strategies |
| AECC-2 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources, Environmental Management, Sustainable Development |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-4 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Negotiable Instruments Act, Partnership Act |
| CC-5 | Corporate Accounting | Core | 4 | Issue of Shares and Debentures, Redemption of Preference Shares, Amalgamation of Companies, Consolidation of Accounts, Financial Statements Analysis |
| CC-6 | Human Resource Management | Core | 4 | HR Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| SEC-1 | E-Commerce | Skill Enhancement Course | 2 | E-Commerce Business Models, Online Payment Systems, E-Marketing, Cyber Security in E-Commerce, E-Commerce Logistics |
| SEC-2 | Computer Applications in Business | Skill Enhancement Course | 2 | MS Office for Business, Data Analysis Tools, Internet and Web Technologies, Presentation Software, Business Data Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-7 | Income Tax Law & Practice | Core | 4 | Basic Concepts of Income Tax, Heads of Income, Deductions and Rebates, Computation of Taxable Income, Assessment Procedures |
| CC-8 | Cost Accounting | Core | 4 | Cost Concepts and Classification, Cost Sheet Preparation, Material and Labour Costing, Overhead Absorption, Marginal Costing |
| CC-9 | Business Statistics | Core | 4 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Probability Distribution |
| GE-1 | Banking and Insurance | Generic Elective | 4 | Indian Banking System, Reserve Bank of India, Types of Banks, Principles of Insurance, Life and General Insurance |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-10 | Corporate Law | Core | 4 | Companies Act, 2013, Formation of Companies, Board of Directors, Company Meetings, Winding Up of Companies |
| CC-11 | Goods and Services Tax (GST) | Core | 4 | GST Act Overview, Taxable Event and Supply, Input Tax Credit, Valuation under GST, GST Returns and Compliance |
| CC-12 | Auditing and Corporate Governance | Core | 4 | Auditing Principles, Types of Audit, Internal Control Systems, Audit Report, Corporate Governance Framework |
| GE-2 | Entrepreneurship Development | Generic Elective | 4 | Entrepreneurial Process, Business Plan Development, Startup Ecosystem, Funding for Startups, Small Business Management |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Accounting for Business Decisions | Core | 4 | Management Accounting Introduction, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement |
| CC-14 | Principles of Marketing | Core | 4 | Marketing Mix, Consumer Behavior, Market Segmentation, Product Life Cycle, Pricing Strategies |
| DSE-1 | Advanced Corporate Accounting | Discipline Specific Elective (Accounting & Taxation) | 5 | Valuation of Shares and Goodwill, Mergers and Acquisitions, Accounting Standards, Human Resource Accounting, Inflation Accounting |
| DSE-2 | Direct Tax Planning & Management | Discipline Specific Elective (Accounting & Taxation) | 5 | Concepts of Tax Planning, Tax Avoidance vs. Evasion, Tax Planning for Individuals, Advance Tax and TDS, Appeals and Revisions |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-15 | International Business | Core | 4 | Global Economic Environment, International Trade Theories, Foreign Exchange Markets, Multinational Corporations, India''''s Foreign Trade Policy |
| CC-16 | Financial Markets and Institutions | Core | 4 | Money Market, Capital Market, SEBI Regulations, Mutual Funds, Stock Exchanges |
| DSE-3 | Auditing Standards and Practices | Discipline Specific Elective (Accounting & Taxation) | 5 | Indian Auditing Standards (IAS), Audit Evidence and Documentation, Professional Ethics for Auditors, Peer Review in Auditing, Audit of Public Sector Undertakings |
| DSE-4 | Indirect Tax Management | Discipline Specific Elective (Accounting & Taxation) | 5 | Customs Act, Central Excise (Legacy), Service Tax (Legacy), GST Implementation and Compliance, Customs Valuation and Procedures |
