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B-COM in Accounting at DR. RAM MANOHAR LOHIA MAHAVIDYALAYA, JURIA (JALIHAPUR)
Kanpur Dehat, Uttar Pradesh
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About the Specialization
What is Accounting at DR. RAM MANOHAR LOHIA MAHAVIDYALAYA, JURIA (JALIHAPUR) Kanpur Dehat?
This Accounting specialization program, embedded within the B.Com curriculum at Dr. Ram Manohar Lohia Mahavidyalaya, focuses on building a strong foundation in financial principles, taxation, auditing, and corporate finance. It provides an in-depth understanding of accounting standards and practices crucial for the dynamic Indian business environment. The program is designed to meet the growing demand for skilled financial professionals across various sectors.
Who Should Apply?
This program is ideal for 10+2 graduates with an aptitude for numbers and a keen interest in business operations and financial management. It caters to aspiring accountants, auditors, tax consultants, and financial analysts seeking entry-level positions in Indian industries. Professionals looking to formalize their accounting knowledge or transition into finance roles would also find this program beneficial.
Why Choose This Course?
Graduates of this program can expect robust career paths in India, including roles as Junior Accountants, Tax Preparers, Audit Assistants, or Finance Executives. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential in Big 4 firms, SMEs, and public sector undertakings. It also lays a strong groundwork for pursuing professional certifications like CA, CMA, or CS.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals & Business Basics- (Semester 1-2)
Thoroughly grasp the core principles of Financial Accounting and Business Organization. Form study groups to discuss concepts, solve problems, and review case studies. Focus on clarity in basic entries, ledgers, and final accounts, as these form the bedrock of all advanced accounting subjects.
Tools & Resources
NCERT Accountancy textbooks, Tally ERP (basic version), Online tutorials from ICAI for foundational concepts, Peer study groups
Career Connection
A strong foundation ensures proficiency in entry-level accounting tasks and forms the base for professional exams like CA/CS/CMA, making you job-ready for junior accountant roles.
Develop Essential Digital and Communication Skills- (Semester 1-2)
Actively participate in vocational courses like ''''Basic Computer Application'''' and ''''Office Management''''. Learn to use MS Excel efficiently for data entry and basic calculations, and practice professional communication through presentations and report writing. These are crucial for any modern office environment.
Tools & Resources
Microsoft Office Suite (Excel, Word), LinkedIn Learning or Coursera for basic digital literacy courses, College workshops on communication skills
Career Connection
Proficiency in digital tools and effective communication are highly valued by employers, enhancing your employability for various commerce and administrative roles.
Build a Strong Economic & Legal Understanding- (Semester 1-2)
Pay close attention to Micro and Macro Economics, and Business Law. Understand how economic policies impact business and the legal framework governing commercial activities in India. Read business news regularly to connect theoretical concepts with real-world scenarios.
Tools & Resources
Business newspapers (Economic Times, Business Standard), Bare Acts for Indian Contract Act, Sale of Goods Act, RBI website for economic data
Career Connection
This broad understanding makes you a well-rounded commerce graduate, capable of analyzing market trends and ensuring legal compliance, which is beneficial for roles in financial analysis and corporate legal departments.
Intermediate Stage
Dive Deep into Corporate & Tax Accounting- (Semester 3-4)
Focus intently on Corporate Accounting and Income Tax Law & Practice. Solve numerous practical problems related to company accounts, share issues, and tax computations. Consider taking short online courses or workshops specifically on GST to supplement your knowledge, given its critical importance in India.
Tools & Resources
Taxmann publications for Income Tax and GST, Tally ERP 9 for practical accounting, Online GST certification courses
Career Connection
Expertise in corporate accounting and direct/indirect taxation is highly sought after by accounting firms and corporate finance departments, opening doors to roles as Tax Analysts or Corporate Accountants.
Engage with Financial & Cost Management Concepts- (Semester 3-4)
Actively study Business Finance and Cost Accounting. Understand the principles of capital budgeting, working capital, and cost control. Try to apply these concepts to hypothetical business scenarios or small case studies. Participate in college business plan competitions to test your financial acumen.
Tools & Resources
Financial calculators, Spreadsheet software (Excel), Case study books on finance and costing
Career Connection
These skills are essential for roles in financial planning, cost control, and management consulting, providing pathways to careers in corporate finance and operations.
Cultivate Entrepreneurial Thinking- (Semester 3-4)
While studying ''''Fundamentals of Entrepreneurship'''', actively explore local business models and identify unmet needs. Attend entrepreneurship workshops and interact with local entrepreneurs. This vocational insight can inspire future ventures or make you a more valuable employee in startup ecosystems.
Tools & Resources
Startup India portal, Local Chamber of Commerce events, Interviews with small business owners
Career Connection
Develops a proactive mindset, problem-solving abilities, and an understanding of business creation, making you suitable for startup roles or even starting your own venture.
Advanced Stage
Master Advanced Accounting & Auditing for Industry Readiness- (Semester 5-6)
Excel in Management Accounting, GST, and Auditing. Understand how to use financial data for strategic decision-making and ensure regulatory compliance. Seek out mock audit exercises or case studies to gain practical auditing experience. Prepare for interviews by reviewing key accounting standards and practices.
Tools & Resources
Professional audit software (simulated), ICAI study materials for advanced accounting, Mock interview platforms
Career Connection
These specialized skills are critical for senior accounting roles, internal audit departments, and external auditing firms, positioning you for roles like Management Accountant or Audit Executive.
Undertake Practical Research or Industry Internships- (Semester 5)
Leverage the Research Project/Internship opportunity in Semester 5. Secure an internship at an accounting firm, a bank, or a company''''s finance department. Focus on understanding real-world processes, applying theoretical knowledge, and networking with professionals. Document your learnings diligently.
Tools & Resources
LinkedIn for internship searches, College placement cell guidance, Internship reports from seniors
Career Connection
Practical experience is invaluable for placements, demonstrating your ability to apply knowledge and adapt to corporate environments. It significantly boosts your resume and interview prospects.
Develop Financial Market Acumen & Career Planning- (Semester 6)
Understand Financial Market Operations, Banking, and Insurance thoroughly. Follow market news, analyze company reports, and consider taking basic stock market simulation courses. Actively engage with the college''''s placement cell, attend career fairs, and refine your resume and interview skills for targeted roles.
Tools & Resources
Moneycontrol.com, NSE/BSE websites for market data, Financial journals, Placement preparation books
Career Connection
A broad understanding of financial markets and proactive career planning prepares you for diverse roles in banking, insurance, stockbroking, and corporate finance, ensuring a smooth transition into employment.
Program Structure and Curriculum
Eligibility:
- 10+2 pass in any stream (Commerce or Science preferred) from a recognized board.
Duration: 3 years (6 semesters)
Credits: Approximately 140-150 (as per NEP 2020 guidelines, specific total credits can vary slightly based on vocational/minor choices) Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM101 | Financial Accounting | Core | 4 | Accounting Principles, Recording Transactions, Preparation of Financial Statements, Depreciation Accounting, Final Accounts of Companies |
| BCOM102 | Business Organization and Management | Core | 4 | Forms of Business Organization, Principles of Management, Planning and Decision Making, Organizing and Staffing, Motivation and Leadership |
| BCOM103 | Micro Economics | Core | 4 | Basic Economic Problems, Demand and Supply Analysis, Consumer Behavior, Production and Cost Analysis, Market Structures |
| BCoCur101 | Indian National Movement and Constitutional Development | Co-curricular | 2 | Rise of Nationalism in India, Gandhi''''s Role in Freedom Struggle, Constitutional Assemblies, Fundamental Rights and Duties, Directive Principles of State Policy |
| BCVoc101 | Basic Computer Application | Vocational | 2 | Computer Fundamentals, Operating Systems, MS Office Suite (Word, Excel, PowerPoint), Internet and Web Browsing, Cyber Security Basics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM201 | Corporate Accounting | Core | 4 | Issue and Forfeiture of Shares, Redemption of Debentures, Amalgamation and Reconstruction, Consolidation of Accounts, Valuation of Goodwill and Shares |
| BCOM202 | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Intellectual Property Rights |
| BCOM203 | Macro Economics | Core | 4 | National Income Accounting, Theories of Employment and Money, Inflation and Deflation, Monetary and Fiscal Policies, International Trade |
| BCoCur201 | Food, Nutrition & Hygiene | Co-curricular | 2 | Components of Food, Balanced Diet, Nutritional Deficiencies, Food Adulteration, Personal and Community Hygiene |
| BCVoc201 | Office Management | Vocational | 2 | Office Environment, Office Correspondence, Record Management, Office Automation, Meeting Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM301 | Business Finance | Core | 4 | Financial Management Introduction, Capital Budgeting, Cost of Capital, Working Capital Management, Dividend Policy |
| BCOM302 | Income Tax Law & Practice | Core | 4 | Residential Status and Tax Incidence, Heads of Income (Salary, House Property), Profits & Gains of Business or Profession, Capital Gains, Other Sources, Deductions and Tax Computations |
| BCOM303 | Public Finance | Core | 4 | Role of Government in Economy, Public Expenditure, Public Revenue (Taxation), Public Debt, Fiscal Policy |
| BCoCur301 | Human Values and Environmental Studies | Co-curricular | 2 | Ethics and Values, Environmental Pollution, Ecology and Ecosystems, Natural Resources, Sustainable Development |
| BCVoc301 | Personality Development & Communication Skills | Vocational | 2 | Self-awareness and Confidence, Interpersonal Skills, Verbal and Non-verbal Communication, Presentation Skills, Interview Techniques |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM401 | Cost Accounting | Core | 4 | Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing, Budgetary Control |
| BCOM402 | Company Law | Core | 4 | Company Formation, Memorandum and Articles of Association, Share Capital and Debentures, Meetings and Resolutions, Winding Up of Companies |
| BCOM403 | Fundamentals of Entrepreneurship | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Process, Business Plan Development, Sources of Finance, Government Support for SMEs |
| BCoCur401 | Analytical Ability and Digital Awareness | Co-curricular | 2 | Logical Reasoning, Data Interpretation, Basic Statistics, Digital Literacy, Online Safety |
| BCVoc401 | Digital Marketing | Vocational | 2 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Social Media Marketing, Email Marketing, Content Marketing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM501 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Ratio Analysis, Funds Flow and Cash Flow Statements, Marginal Costing and Break-Even Analysis, Budgetary Control |
| BCOM502 | Goods & Services Tax (GST) | Core | 4 | Introduction to GST, GST Council and Administration, Levy and Collection of GST, Input Tax Credit, GST Returns and Procedures |
| BCOM503 | Auditing | Core | 4 | Fundamentals of Auditing, Types of Audit, Audit Planning and Procedures, Internal Control System, Audit Report |
| BCOM504 | Research Project / Internship / Field Study | Elective / Project | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Practical Industry Exposure, Problem-solving in real-world scenarios |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOM601 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Marketing Mix (4 Ps), Consumer Behavior, Market Segmentation and Targeting |
| BCOM602 | Financial Market Operations | Core | 4 | Indian Financial System, Money Market, Capital Market (Primary and Secondary), SEBI and its Role, Financial Derivatives |
| BCOM603 | Banking & Insurance | Core | 4 | Commercial Banking Functions, RBI and Monetary Policy, Types of Insurance, Principles of Insurance, IRDAI and Insurance Sector |
| BCOM604 | Entrepreneurship Development / Project Work | Elective / Project | 4 | Innovation and Creativity, Startup Ecosystem in India, Business Plan Execution, Project Management, Market Research |
