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B-COM in Auditing at Girls Degree College, Bilgram
Hardoi, Uttar Pradesh
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About the Specialization
What is Auditing at Girls Degree College, Bilgram Hardoi?
This Auditing specialization within the B.Com program at Girls Degree College, Hardoi, focuses on equipping students with a robust understanding of financial scrutiny, compliance, and ethical reporting. Given India''''s dynamic regulatory environment and increasing corporate governance standards, this program is crucial for ensuring transparency and accountability in businesses. It delves into the principles, practices, and legal frameworks governing audits, distinguishing itself by its practical and compliance-driven approach.
Who Should Apply?
This program is ideal for 10+2 graduates with a commerce background aspiring to enter finance and accounting roles. It suits individuals keen on analytical work, meticulous record-keeping, and ensuring financial integrity. It''''s also beneficial for those aiming for professional certifications like CA (Chartered Accountancy) or CMA (Cost and Management Accountancy) in India, as a strong foundation in auditing is indispensable for these careers.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including internal auditor, statutory auditor, tax auditor, and compliance officer across various industries. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with significant growth potential for experienced professionals, especially those with professional qualifications. The program aligns well with the initial stages of preparing for Indian professional accounting and auditing examinations.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals- (Semester 1-2)
Thoroughly understand financial accounting, corporate accounting, and business law. These subjects form the bedrock for auditing. Focus on journal entries, final accounts, company formation, and contract essentials. Create detailed notes and practice problem-solving regularly.
Tools & Resources
NCERT Accountancy books (Class 11 & 12), Taxmann guides for CA Foundation, YouTube tutorials for basic accounting concepts
Career Connection
A strong foundation in these areas is crucial for understanding what to audit and how. It''''s directly linked to passing initial professional exams and excelling in entry-level accounting roles.
Develop Strong Analytical and Logical Reasoning Skills- (Semester 1-2)
Engage in problem-solving activities beyond textbook exercises. Participate in commerce quizzes or analytical challenges. Focus on how different business functions interconnect and how financial transactions impact the overall health of a company.
Tools & Resources
Newspapers (Economic Times, Business Standard) for case studies, Online logical reasoning puzzles, Case study competitions
Career Connection
Auditors need sharp analytical skills to identify discrepancies, assess risks, and interpret complex financial data, which are key for effective audit procedures.
Build a Professional Network Early- (Semester 1-2)
Attend college seminars, guest lectures by CAs or finance professionals. Connect with seniors who are pursuing professional courses or internships. Join commerce-related clubs or societies within the college to collaborate and learn.
Tools & Resources
LinkedIn (for professional profiles), College alumni network events, Professional body student chapters (if available)
Career Connection
Early networking can lead to mentorship, internship opportunities, and insights into various career paths in auditing and finance in the Indian context.
Intermediate Stage
Intensive Study of Income Tax and Cost Accounting- (Semester 3-4)
Dive deep into Income Tax Law and Practice and Cost Accounting. These subjects provide the necessary technical expertise for tax audits and cost audits, which are vital components of the auditing profession in India. Practice computation problems rigorously.
Tools & Resources
Bare Acts for Income Tax, Reference books by professional authors (e.g., V.K. Singhania, M.N. Arora), Tally ERP.9 for practical applications
Career Connection
Proficiency in these areas is highly valued by auditing firms and corporate finance departments for specialized roles. It directly prepares students for taxation and costing aspects of auditing.
Gain Practical Software Proficiency- (Semester 3-4)
Master essential accounting software like Tally ERP.9, which is widely used by Indian businesses. Learn to perform various transactions, generate reports, and understand the workflow of computerized accounting systems. Seek out short-term courses or online certifications.
Tools & Resources
Tally ERP.9 tutorials (official/unofficial), Online certification platforms like Udemy/Coursera (for Tally), College computer lab facilities
Career Connection
Practical software skills are a non-negotiable requirement for auditors in the digital age. It significantly enhances employability for junior auditor roles and data analysis tasks.
Participate in Mock Audits or Case Studies- (Semester 3-4)
Seek opportunities for internal college projects or case study competitions that simulate audit scenarios. Understand the documentation process, vouching, and verification techniques. Form study groups to discuss and analyze real-world auditing challenges.
Tools & Resources
Online articles/blogs on recent audit frauds/scandals, Sample audit checklists/templates, Peer learning groups
Career Connection
This practical exposure helps bridge the gap between theoretical knowledge and real-world auditing demands, building confidence and problem-solving abilities critical for an auditor.
Advanced Stage
Deep Dive into Auditing Principles and Standards- (Semester 5-6)
Focus intensely on the ''''Auditing'''' subject (Semester 5). Understand auditing standards (SA''''s issued by ICAI), ethical considerations, and types of audit reports. Analyze various audit procedures for different types of transactions and balances. Prepare for the ''''Auditing and Assurance'''' paper of professional exams.
Tools & Resources
ICAI Auditing and Assurance Study Material, Books by relevant Indian authors (e.g., S.K. Basu, B.N. Tandon), Case studies on audit failures
Career Connection
This in-depth knowledge is directly applicable to statutory and internal audit roles. It forms the core of an auditor''''s professional expertise and is critical for success in CA/CMA final stages.
Pursue Internships and Industrial Training- (Semester 5-6)
Actively seek internships with Chartered Accountant firms, tax consultants, or corporate audit departments. Even short-term internships provide invaluable practical experience in fieldwork, vouching, and client interaction. Document learnings and build a portfolio of work.
Tools & Resources
College placement cell, Job portals (Naukri, Internshala), Direct applications to local CA firms
Career Connection
Internships are crucial for gaining real-world exposure, making professional contacts, and significantly boosting employability for entry-level auditing positions in India.
Focus on Communication and Report Writing Skills- (Semester 5-6)
Practice writing clear, concise, and professional audit observations and reports. Participate in presentations and group discussions to improve verbal communication. Effective communication is vital for interacting with clients and conveying audit findings.
Tools & Resources
Business communication workshops, Mock interviews with feedback, Practice writing formal letters and reports
Career Connection
Auditors frequently need to explain complex financial matters to non-finance personnel and draft formal reports. Strong communication skills are essential for career progression and leadership roles.
Program Structure and Curriculum
Eligibility:
- Intermediate (10+2) with Commerce or Science/Arts with Economics/Mathematics as a subject, from a recognized board/university, with a minimum of 40-45% marks.
Duration: 3 years (6 semesters)
Credits: 132 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C010101T | Financial Accounting | Core | 4 | Meaning and Scope of Accounting, Accounting Principles and Standards, Journal, Ledger, Trial Balance, Final Accounts (Manufacturing, Trading, P&L, Balance Sheet), Rectification of Errors, Depreciation Accounting |
| C010102T | Business Law | Core | 4 | Indian Contract Act, 1872 (Essentials, Offer, Acceptance), Consideration, Capacity, Free Consent, Void Agreements, Contingent Contracts, Performance and Discharge of Contract, Remedies for Breach of Contract, Special Contracts (Indemnity, Guarantee, Bailment) |
| C010103T | Business Economics | Core | 4 | Nature and Scope of Business Economics, Demand Analysis (Law, Elasticity, Forecasting), Production Analysis (Factors, Returns to Scale), Cost Analysis (Concepts, Short-run, Long-run), Market Structures (Perfect Competition, Monopoly, Oligopoly), Pricing Practices |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C020101T | Corporate Accounting | Core | 4 | Shares and Debentures (Issue, Forfeiture, Re-issue), Underwriting of Shares, Redemption of Preference Shares, Redemption of Debentures, Amalgamation and Reconstruction of Companies, Consolidation of Accounts |
| C020102T | Business Management | Core | 4 | Nature and Scope of Management, Planning (Types, Process, MBO), Organizing (Structure, Authority, Delegation), Staffing (Recruitment, Selection, Training), Directing (Motivation, Leadership, Communication), Controlling (Process, Techniques) |
| C020103T | Fundamentals of Marketing | Core | 4 | Introduction to Marketing (Concepts, Functions), Marketing Environment (Micro, Macro), Consumer Behavior, Market Segmentation, Targeting, Positioning, Product Decisions (Life Cycle, Branding), Pricing, Place, Promotion Decisions |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C030101T | Income Tax Law and Practice | 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, Capital Gains, Income from Other Sources |
| C030102T | Company Law | Core | 4 | Company Formation (Types, Incorporation), Memorandum and Articles of Association, Shares and Share Capital, Debentures, Directors and Key Managerial Personnel, Meetings and Resolutions |
| C030103T | Business Finance | Core | 4 | Nature and Scope of Business Finance, Financial Planning and Capitalization, Sources of Finance (Equity, Debt), Capital Structure Theories, Working Capital Management, Dividend Policy |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C040101T | Cost Accounting | Core | 4 | Nature and Scope of Cost Accounting, Cost Concepts and Classification, Material Cost Control (Inventory, Pricing), Labor Cost Control (Time, Piece Rate, Incentives), Overhead Cost (Allocation, Apportionment, Absorption), Methods of Costing (Job, Contract, Process) |
| C040102T | Computerized Accounting System and e-Commerce | Core | 4 | Computerized Accounting Fundamentals, Introduction to Tally ERP.9, Features of Tally, Company Creation, Voucher Entries in Tally, e-Commerce Concepts and Models, Online Payment Systems and Security |
| C040103T | Principles of Insurance | Core | 4 | Nature and Scope of Insurance, Principles of Insurance (Utmost Good Faith, Indemnity), Life Insurance (Types, Policies), General Insurance (Fire, Marine, Motor), Health Insurance, Insurance Regulatory Bodies in India (IRDAI) |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C050105T | Auditing | Discipline Specific Elective (DSE) | 4 | Nature and Scope of Auditing, Types of Audit (Internal, External, Statutory), Audit Planning, Procedures, and Documentation, Internal Control System (Evaluation, Weaknesses), Verification and Valuation of Assets and Liabilities, Audit Report (Types, Content) |
| C050101T | Fundamentals of Entrepreneurship | Core | 4 | Concept and Nature of Entrepreneurship, Entrepreneurial Motivation and Competencies, Business Idea Generation and Opportunity Evaluation, Business Plan Preparation, Sources of Finance for Entrepreneurs, Government Schemes for Entrepreneurship in India |
| C050102T | Goods and Services Tax (GST) and Custom Law | Core | 4 | Introduction to GST (Concept, Structure), Levy and Collection of GST, Input Tax Credit, GST Procedures (Registration, Returns), Customs Act (Types of Duties, Valuation), Import and Export Procedures |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| C060101T | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis (Ratio Analysis, Cash Flow), Fund Flow Statement, Budgetary Control (Types, Preparation), Standard Costing (Variance Analysis), Marginal Costing and Decision Making |
| C060102T | Indian Financial Market | Core | 4 | Structure of Indian Financial System, Money Market (Instruments, RBI''''s Role), Capital Market (Primary, Secondary Markets), Stock Exchanges and SEBI Regulations, Financial Institutions (Banks, NBFCs), Mutual Funds and Investment Banking |
| C060106T | Business Statistics | Discipline Specific Elective (DSE) | 4 | Introduction to Statistics (Scope, Limitations), Collection and Presentation of Data, Measures of Central Tendency (Mean, Median, Mode), Measures of Dispersion (Range, SD, Variance), Correlation and Regression Analysis, Index Numbers |
