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B-COM-HONS in Financial Accounting at GITAM (Gandhi Institute of Technology and Management)
Visakhapatnam, Andhra Pradesh
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About the Specialization
What is Financial Accounting at GITAM (Gandhi Institute of Technology and Management) Visakhapatnam?
This Financial Accounting program at GITAM, Visakhapatnam, focuses on developing a strong foundation in accounting principles, corporate financial reporting, and analytical skills essential for the financial sector. It delves into Indian accounting standards, taxation, auditing, and modern tools for financial decision-making, catering to the evolving demands of the Indian financial industry. The program differentiates itself by integrating practical applications and contemporary issues in finance.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, finance, or auditing roles in India. It also suits working professionals aiming to upskill in specialized areas like forensic accounting or IFRS. Career changers transitioning into the finance industry with a strong aptitude for numbers and analytical thinking would also find this program beneficial, provided they meet the prerequisite academic backgrounds in commerce or related fields.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths, including roles as financial analysts, auditors, tax consultants, management accountants, and forensic accountants in leading Indian companies and MNCs. Entry-level salaries typically range from INR 3-6 LPA, growing significantly with experience. The program aligns with professional certifications like CA, CMA, and ACCA, offering a strong academic base for further professional growth in the Indian market.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Dedicate time to thoroughly understand Financial Accounting and Corporate Accounting. Utilize textbooks, online tutorials, and practice problems regularly. Form study groups to discuss complex topics and clarify doubts, ensuring a strong grasp of foundational concepts. Attend all lectures and proactively ask questions to faculty.
Tools & Resources
Textbooks (e.g., M.C. Shukla, S.N. Maheshwari), Institute of Chartered Accountants of India (ICAI) study material for foundational clarity, YouTube channels like ''''Let''''s Learn Finance''''
Career Connection
A solid foundation in these subjects is critical for all future accounting roles, particularly for entry-level positions in auditing, bookkeeping, and financial reporting.
Develop Quantitative and Communication Skills- (Semester 1-2)
Actively engage with Business Statistics and Quantitative Methods for Business. Practice problem-solving daily. Simultaneously, focus on refining business communication skills through presentations, group discussions, and report writing. Participate in college debates or public speaking events to boost confidence.
Tools & Resources
Microsoft Excel for data analysis, Grammarly for writing improvement, Toastmasters (if available or similar college clubs)
Career Connection
Strong analytical and communication skills are highly valued by employers across all sectors, enabling effective data interpretation and professional interaction in the workplace.
Explore Business & Economic Context- (Semester 1-2)
Go beyond textbooks by reading business newspapers (e.g., The Economic Times, Business Standard) and financial magazines. Understand the current economic climate and its impact on businesses. This helps connect theoretical concepts from Business Economics and Business Law to real-world scenarios in India.
Tools & Resources
The Economic Times app, Business Standard e-paper, RBI Annual Reports for Indian economic context
Career Connection
A broad understanding of the business and economic environment makes graduates more informed and valuable contributors in corporate discussions and strategic planning.
Intermediate Stage
Deep Dive into Specialization through Electives- (Semester 3-4)
Carefully select Discipline Specific Electives (DSEC) like Financial Statement Analysis and Management Accounting. Go beyond syllabus requirements by studying real company financial reports (BSE/NSE listed companies) and analyzing their performance using learned ratios and tools. Participate in financial analysis competitions.
Tools & Resources
Company annual reports (available on corporate websites or BSE/NSE), Moneycontrol.com for financial data, Power BI/Tableau for data visualization
Career Connection
Specialized knowledge in financial analysis directly prepares students for roles in equity research, credit analysis, and corporate finance departments.
Gain Practical Software Proficiency- (Semester 3-4)
Master essential business software applications such as Tally ERP.9 or similar accounting software, and advanced Excel functions relevant to finance and accounting. Seek out certifications in these tools if possible. Use these tools for projects and assignments to simulate real-world tasks.
Tools & Resources
Tally ERP.9 official training, Advanced Excel tutorials on Coursera/Udemy, SAP FICO modules (if accessible)
Career Connection
Practical software skills are non-negotiable for most accounting and finance jobs in India, significantly improving employability and efficiency in entry-level positions.
Engage with Industry Experts and Forums- (Semester 3-5)
Attend webinars, workshops, and seminars organized by professional bodies like ICAI, ICSI, or industry associations. Network with professionals on platforms like LinkedIn. Seek mentorship from faculty or alumni working in financial accounting roles to gain practical insights and career guidance.
Tools & Resources
LinkedIn, Websites of ICAI, ICSI, ASSOCHAM, FICCI, College alumni network events
Career Connection
Networking opens doors to internships, job opportunities, and invaluable industry insights, which are crucial for navigating the competitive Indian job market.
Advanced Stage
Undertake Impactful Internships and Projects- (Semester 5-6)
Secure a meaningful summer internship (as part of the curriculum) or even multiple short-term internships in auditing firms, banks, or corporate finance departments. Focus on applying theoretical knowledge to real-world accounting tasks. Develop a robust project/dissertation on a relevant financial accounting topic, showcasing research and analytical abilities.
Tools & Resources
Internshala, Naukri.com, College placement cell
Career Connection
Practical experience through internships is a key differentiator in placements, often leading to pre-placement offers and demonstrating readiness for industry roles.
Prepare for Professional Certifications & Placements- (Semester 5-6)
Begin preparing for professional certifications like CA, CMA, or ACCA alongside your final year studies, leveraging the strong foundation provided by IFRS and Advanced Accounting subjects. Actively participate in campus placement drives, refining resume writing, interview techniques, and group discussion skills. Practice mock interviews rigorously.
Tools & Resources
Online coaching platforms for CA/CMA/ACCA, Career services/placement cell workshops, Glassdoor for company-specific interview questions
Career Connection
Professional certifications significantly enhance career prospects and earning potential in the Indian financial sector. Strong placement preparation leads directly to desirable job offers.
Develop Ethical and Forensic Accounting Acumen- (Semester 5-6)
Given the inclusion of Forensic Accounting, cultivate a strong ethical framework and critical thinking skills. Explore case studies of financial frauds in India. Understand corporate governance principles and their practical application, which is crucial in preventing and detecting financial irregularities in organizations.
Tools & Resources
SEBI annual reports on corporate governance, NACFIN (National Association of Certified Forensic Accountants) resources, Case studies from prominent Indian corporate scandals
Career Connection
This specialized knowledge is increasingly in demand for roles in risk advisory, internal audit, and regulatory compliance, addressing a critical need in the Indian corporate environment.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 with a minimum of 50% aggregate marks in Commerce / Economics / Maths / Statistics / Computer Science / IT / Business Studies.
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| GCH101 | Financial Accounting | Core | 4 | Accounting Concepts, Journal and Ledger, Trial Balance, Financial Statements, Depreciation, Inventories, Bills of Exchange |
| GCH102 | Business Economics | Core | 4 | Nature & Scope of Business Economics, Demand Analysis, Production Analysis, Market Structures, Pricing Policies |
| GCH103 | Business Organization and Management | Core | 4 | Nature of Business, Forms of Business Organization, Planning, Organizing, Directing, Controlling |
| GCH104 | Quantitative Methods for Business | Core | 4 | Mathematics of Finance, Set Theory, Matrices and Determinants, Calculus, Linear Programming |
| GCH105 | Business Communication | Core | 3 | Communication Process, Types of Communication, Business Letters, Reports, Presentations, Group Discussion |
| GCH106 | Environmental Studies | AECC | 2 | Ecosystems, Biodiversity, Natural Resources, Environmental Pollution, Social Issues and the Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| GCH111 | Corporate Accounting | Core | 4 | Issue of Shares, Debentures, Redemption of Shares, Amalgamation, Absorption, Internal Reconstruction, Valuation of Goodwill |
| GCH112 | Business Statistics | Core | 4 | Data Collection, Measures of Central Tendency, Dispersion, Correlation, Regression, Index Numbers, Time Series |
| GCH113 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Partnership Act |
| GCH114 | Principles of Marketing | Core | 4 | Marketing Concepts, Market Segmentation, Product Decisions, Pricing Strategies, Promotion Mix, Distribution Channels |
| GCH115 | Computer Applications in Business | SEC | 3 | MS Office, Spreadsheet Functions, Database Management Systems, Internet Applications, E-business |
| GCH116 | Indian Constitution | AECC | 2 | Preamble, Fundamental Rights, Directive Principles, Union and State Government, Judiciary, Amendments |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| GCH201 | Cost Accounting | Core | 4 | Cost Concepts, Cost Sheet, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing, Budgetary Control |
| GCH202 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status, Heads of Income, Deductions, Computation of Total Income |
| GCH203 | Banking and Insurance | Core | 4 | Types of Banks, Commercial Banking, Central Banking, Banking Sector Reforms, Principles of Insurance, Types of Insurance |
| GCH204 | Human Resource Management | Core | 4 | HRM Functions, Job Analysis, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation |
| GCH205 | E-Commerce | SEC | 3 | Introduction to E-commerce, Business Models, Payment Systems, Security Issues, Legal and Ethical Aspects, Mobile Commerce |
| GCH206 | Financial Statement Analysis | DSEC | 4 | Financial Ratios, Comparative Statements, Common-Size Statements, Trend Analysis, Fund Flow Statement, Cash Flow Statement |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| GCH211 | Auditing and Corporate Governance | Core | 4 | Auditing Concepts, Types of Audit, Internal Control, Vouching and Verification, Audit Report, Corporate Governance Principles, SEBI Guidelines |
| GCH212 | Goods and Services Tax | Core | 4 | Introduction to GST, Registration, Input Tax Credit, Time and Value of Supply, Place of Supply, Returns, E-way Bill |
| GCH213 | Financial Management | Core | 4 | Financial Goals, Capital Budgeting, Capital Structure, Working Capital Management, Dividend Policy, Sources of Finance |
| GCH214 | Entrepreneurship Development | Core | 4 | Entrepreneurial Process, Business Idea Generation, Business Plan, Forms of Business, Funding, Marketing for Entrepreneurs |
| GCH215 | Research Methodology | SEC | 3 | Research Design, Sampling, Data Collection Methods, Questionnaire Design, Data Analysis, Report Writing |
| GCH216 | Management Accounting | DSEC | 4 | Marginal Costing, Standard Costing, Variance Analysis, Budgetary Control, Responsibility Accounting, Transfer Pricing, Capital Budgeting |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| GCH301 | Principles of Macroeconomics | Core | 4 | National Income, Consumption and Investment Functions, Money and Banking, Inflation, Business Cycles, Fiscal and Monetary Policy |
| GCH302 | Indian Financial System | Core | 4 | Financial Markets (Money & Capital), Financial Institutions, Financial Instruments, SEBI, RBI, Regulatory Framework |
| GCH303 | Advanced Financial Accounting | DSEC | 4 | Amalgamation, Absorption, External Reconstruction, Consolidation of Financial Statements, Branch Accounts, Departmental Accounts |
| GCH305 | Accounting for Business Decisions | DSEC | 4 | Relevant Costing, Budgeting for Decision Making, Performance Measurement, Strategic Management Accounting, Transfer Pricing |
| GCH307 | Summer Internship | Project | 2 | Project Report, Practical Exposure, Industry Understanding, Skill Application |
| GCH308 | Project Work / Dissertation | Project | 2 | Research Problem, Literature Review, Methodology, Data Analysis, Findings, Conclusion |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| GCH311 | International Financial Reporting Standards (IFRS) | Core | 4 | Introduction to IFRS, IASB Framework, Presentation of Financial Statements (IAS 1), Inventories (IAS 2), Property, Plant & Equipment (IAS 16), Revenue (IFRS 15) |
| GCH312 | Capital Market and Securities Law | Core | 4 | Primary Market, Secondary Market, Stock Exchanges, SEBI Regulations, Depositories, Mutual Funds, Investor Protection |
| GCH313 | Advanced Corporate Accounting | DSEC | 4 | Valuation of Shares and Debentures, Liquidation of Companies, Underwriting, Employee Stock Option Plan, Accounting for Banking Companies |
| GCH315 | Forensic Accounting | DSEC | 4 | Introduction to Forensic Accounting, Financial Frauds, Fraud Detection, Investigation Techniques, Digital Forensics, Expert Witness |
| GCH317 | Viva Voce | Project | 2 | Oral Examination, Project Defense, Presentation Skills, Subject Knowledge Assessment |
