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B-COM in Finance Taxation at Devaswom Board College, Thalayolaparambu
Kottayam, Kerala
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About the Specialization
What is Finance & Taxation at Devaswom Board College, Thalayolaparambu Kottayam?
This Finance & Taxation program at Devaswom Board College, Kottayam, focuses on developing expertise in financial management, investment strategies, and the intricate world of Indian taxation. It equips students with practical knowledge crucial for navigating the evolving financial landscape and complying with diverse tax regulations prevalent in India. The curriculum emphasizes both theoretical understanding and practical application.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, finance, or tax consulting roles within India. It also benefits working professionals looking to upskill in financial compliance or direct taxation, and career changers transitioning to the finance industry. A strong aptitude for numbers, analytical thinking, and a keen interest in economic affairs are beneficial prerequisites.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths as tax consultants, financial analysts, accountants, auditors, or GST practitioners. Entry-level salaries typically range from INR 2.5 to 4 lakhs annually, with significant growth trajectories in Indian companies. The curriculum aligns with requirements for professional certifications like CA/CMA foundation, providing a strong academic base.
Student Success Practices
Foundation Stage
Build Strong Accounting Fundamentals- (Semester 1-2)
Focus rigorously on mastering core accounting principles, journal entries, ledger postings, and final account preparation. Utilize textbook exercises, online tutorials from platforms like YouTube (e.g., specific channels for accounting basics), and practice daily to build speed and accuracy in basic financial record-keeping.
Tools & Resources
Textbooks, Tally ERP (basic understanding), Accounting software tutorials, Online practice problems
Career Connection
A solid foundation in financial accounting is essential for all finance and taxation roles, making you a strong candidate for entry-level accounting positions and for understanding advanced financial concepts.
Develop Effective Business Communication Skills- (Semester 1-2)
Actively participate in classroom discussions, group projects, and presentations to hone your verbal and written communication. Join college debate clubs or student organizations to practice public speaking. Read business newspapers and magazines (like The Economic Times, Business Standard) to improve vocabulary and comprehension, especially regarding financial news.
Tools & Resources
Toastmasters International (if chapter available), Online communication courses, Business news portals, College literary clubs
Career Connection
Strong communication is critical for client interactions, team collaboration, and effectively presenting complex financial reports and tax advice in any professional finance or taxation environment.
Cultivate Quantitative Reasoning & Problem Solving- (Semester 1-2)
Pay close attention to business mathematics and statistics. Practice solving numerical problems regularly, focusing on understanding the underlying concepts rather than rote memorization. Form study groups to tackle challenging problems together and learn from peers, especially for topics like correlation, regression, and financial ratios.
Tools & Resources
Excel (basic functions), Khan Academy for statistics, Previous year question papers, Problem-solving textbooks
Career Connection
Analytical and quantitative skills are paramount for interpreting financial data, solving complex tax computations, and making informed business decisions, highly valued by employers in finance and accounting.
Intermediate Stage
Engage with Industry-Specific Tools and Software- (Semester 3-5)
Seek opportunities to learn and practice with Tally Prime for accounting, GST software for tax compliance, and basic to intermediate Excel for financial modeling and data analysis. Look for short-term certification courses or workshops offered by professional bodies or local training institutes to gain hands-on software proficiency.
Tools & Resources
Tally Prime software, GST software demos, Advanced Excel tutorials (e.g., from Udemy/Coursera), Financial calculator
Career Connection
Proficiency in these industry-standard tools is a direct requirement for roles in accounting, taxation, and financial analysis, significantly boosting your employability and practical readiness.
Pursue Relevant Internships and Live Projects- (Semester 4-5)
Actively search for internships with local Chartered Accountant firms, tax consultants, or small and medium enterprises (SMEs) in Kottayam or nearby cities. Focus on gaining hands-on experience in bookkeeping, tax return preparation, payroll processing, or financial data entry. Participate in college-led industry projects to apply theoretical knowledge.
Tools & Resources
College placement cell, LinkedIn, Local business directories, Professional networking events, Internship portals like Internshala
Career Connection
Practical exposure provides invaluable real-world experience, builds a professional network, and makes your resume stand out for placements by demonstrating applied skills and industry understanding.
Deep Dive into Income Tax and Financial Concepts- (Semester 4-5)
Go beyond classroom lectures for Income Tax and Financial Management. Read tax journals, government budget analyses, and financial news regularly to stay updated. Engage in case studies to understand practical implications of tax laws and financial decisions. Consider joining student chapters of commerce associations for specialized workshops.
Tools & Resources
Taxmann publications, ICAI resources, Financial newspapers (e.g., Mint), NISM certifications (for finance focus), Budget documents
Career Connection
A deep theoretical and practical understanding of these core subjects is crucial for specialization roles, enabling you to excel in interviews and for higher studies like CA, CMA, or MBA Finance.
Advanced Stage
Prepare Rigorously for Placements & Professional Exams- (Semester 6)
Dedicate significant time to aptitude tests, group discussions, and mock interviews. Tailor your resume and cover letter to specific finance and taxation roles, highlighting relevant skills and project experiences. For those aiming for CA/CMA, begin preparing for foundation/intermediate levels concurrently. Actively attend campus placement drives and career fairs.
Tools & Resources
Online aptitude platforms (e.g., IndiaBix), Interview preparation guides, Professional body study materials (ICAI, ICMAI), College placement cell workshops
Career Connection
This structured preparation directly impacts your success in securing placements in desired companies or successfully clearing entry-level professional certifications, accelerating your career launch.
Undertake a Specialization-Focused Project- (Semester 6)
Choose a final year project that is directly related to Finance or Taxation, such as ''''Impact of GST on SMEs in Kottayam'''' or ''''Financial Performance Analysis of a Public Sector Bank.'''' Conduct thorough research, data collection, and analysis. This demonstrates applied knowledge, research capability, and problem-solving skills to potential employers.
Tools & Resources
Research papers, Survey tools (Google Forms), Statistical software (Excel, basic R/Python), Industry reports, Company annual reports
Career Connection
A well-executed and relevant project showcases your expertise, analytical skills, and ability to work independently, significantly enhancing your profile for specialized roles and future academic pursuits.
Network with Industry Professionals & Alumni- (Semester 6)
Actively connect with professionals in the finance and taxation sector through LinkedIn, college alumni networks, and industry events. Seek guidance, mentorship, and insights into current career opportunities and industry trends. Building a strong professional network can open doors to job referrals, informational interviews, and valuable career advice.
Tools & Resources
LinkedIn, College alumni portals, Local professional associations (e.g., Kottayam Chamber of Commerce, Tax Practitioner Associations), Career fairs
Career Connection
Networking is invaluable for career advancement, uncovering hidden job markets, and gaining a competitive edge in the job search by leveraging professional relationships and insights.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed the Plus Two or equivalent examination recognized by the Mahatma Gandhi University.
Duration: 6 semesters / 3 years
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC101 | Language Course I (English) | Common | 4 | Reading Skills, Writing Skills, Grammar & Usage, Communication Strategies, Literary Texts |
| BC102 | Language Course II (Additional Language) | Common | 4 | Prose & Poetry, Grammar, Translation, Communication, Cultural Texts |
| BC103 | Business Environment | Core | 4 | Economic Systems, Business Ethics, Social Responsibility, Legal Environment, Technological Environment, Global Environment |
| BC104 | Financial Accounting I | Core | 4 | Accounting Principles, Journal, Ledger, Trial Balance, Final Accounts, Rectification of Errors |
| BC105 | Marketing Management | Complementary | 3 | Marketing Concepts, Marketing Mix, Consumer Behavior, Market Segmentation, Product Life Cycle, Pricing Strategies |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC201 | Language Course III (English) | Common | 4 | Advanced Reading, Report Writing, Public Speaking, Argumentative Skills, Critical Analysis |
| BC202 | Language Course IV (Additional Language) | Common | 4 | Advanced Prose, Literary Criticism, Translation, Official Correspondence, Creative Writing |
| BC203 | Management Concepts & Practices | Core | 4 | Management Functions, Planning, Organizing, Staffing, Directing, Controlling, Decision Making |
| BC204 | Financial Accounting II | Core | 4 | Partnership Accounts, Admission, Retirement, Dissolution, Departmental Accounts, Branch Accounts |
| BC205 | Business Regulatory Framework | Complementary | 3 | Contract Act, Sale of Goods Act, Consumer Protection Act, Negotiable Instruments Act, Cyber Laws |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC301 | Language Course V (English) | Common | 4 | Business Communication, Professional Correspondence, Resume Writing, Interview Skills, Presentation Techniques |
| BC302 | Business Statistics | Core | 4 | Measures of Central Tendency, Dispersion, Correlation, Regression, Index Numbers, Time Series Analysis |
| BC303 | Corporate Accounting I | Core | 4 | Share Capital, Debentures, Redemption, Underwriting, Financial Statements Analysis, Amalgamation |
| BC304 | E-Commerce | Complementary | 3 | E-Commerce Models, Digital Payments, Online Marketing, Cyber Security, Legal Aspects of E-Commerce |
| BC305 | Principles of Business Decisions | Core | 4 | Managerial Economics, Demand Analysis, Production Decisions, Cost Analysis, Pricing Policies, Market Structures |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC401 | Language Course VI (English) | Common | 4 | Technical Writing, Research Paper Drafting, Grant Proposal Writing, Advanced Presentation, Public Relations |
| BC402 | Quantitative Techniques for Business | Core | 4 | Linear Programming, Transportation Problems, Assignment Problems, Network Analysis, Decision Theory, Game Theory |
| BC403 | Corporate Accounting II | Core | 4 | Valuation of Shares, Consolidated Financial Statements, International Financial Reporting Standards (IFRS), Fund Flow Statement, Cash Flow Statement |
| BC404 | Cost Accounting | Complementary | 3 | Cost Concepts, Cost Sheet, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing |
| BC405 | Research Methodology | Core | 4 | Research Design, Data Collection Methods, Sampling, Data Analysis, Hypothesis Testing, Report Writing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC501 | Human Resource Management | Core | 4 | HR Planning, Recruitment, Selection, Training & Development, Performance Appraisal, Industrial Relations |
| BC502 | Income Tax Law & Practice I | Core | 4 | Basic Concepts of Income Tax, Residential Status, Heads of Income (Salary, House Property), Deductions, Computation of Total Income |
| BC503 | Financial Management | Core | 4 | Financial Planning, Capital Budgeting, Working Capital Management, Cost of Capital, Capital Structure, Dividend Policy |
| BC504 | Auditing | Core | 4 | Audit Concepts, Types of Audit, Internal Control, Vouching, Verification, Audit Report, Professional Ethics |
| BC505 | Open Course | Open | 3 | Introduction to Disaster Management, Types of Disasters, Disaster Mitigation, Rehabilitation Strategies, Policy Frameworks |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC601 | Income Tax Law & Practice II | Core | 4 | Heads of Income (Business/Profession, Capital Gains, Other Sources), Set-off and Carry Forward, Assessment Procedures, TDS, Advance Tax |
| BC602 | Goods and Services Tax (GST) | Core | 4 | Introduction to GST, Levy and Collection, Input Tax Credit, Registration, Returns, Penalties & Offences, GST Audit |
| BC603 | Financial Markets and Services | Core | 4 | Money Market, Capital Market, Stock Exchanges, Mutual Funds, Merchant Banking, Insurance Services, Leasing |
| BC604 | Elective Course (Investment Management) | Elective | 3 | Investment Avenues, Risk and Return, Equity Analysis, Debt Instruments, Portfolio Management, Derivatives |
| BC605 | Project | Project | 4 | Problem Identification, Literature Review, Methodology, Data Collection, Analysis, Report Writing, Presentation |
