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B-COM-HONS in Accountancy at Goenka College of Commerce and Business Administration
Kolkata, West Bengal
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About the Specialization
What is Accountancy at Goenka College of Commerce and Business Administration Kolkata?
This Accountancy specialization program at Goenka College of Commerce and Business Administration focuses on developing a robust understanding of financial principles, tax laws, auditing practices, and corporate finance. Given the dynamic Indian business landscape, strong accounting professionals are always in high demand. The program is designed to equip students with theoretical knowledge and practical skills crucial for various financial roles across diverse industries in India. Its comprehensive curriculum covers both traditional and modern accounting facets.
Who Should Apply?
This program is ideal for higher secondary graduates with a strong aptitude for numbers and an interest in financial record-keeping, analysis, and statutory compliance. It also suits individuals aspiring for professional qualifications like CA, CS, CMA, and CFA, providing a solid academic foundation. Fresh graduates seeking entry into financial roles, auditing, taxation, or management accounting within Indian companies will find this specialization particularly beneficial for their career trajectories.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding India-specific career paths such as Chartered Accountant (after further qualification), Auditor, Tax Consultant, Management Accountant, Financial Analyst, or Business Consultant. Entry-level salaries typically range from INR 3-6 lakhs per annum, with significant growth potential up to INR 10-25 lakhs or more for experienced professionals in leading Indian corporations and multinational companies. The program also aligns with prerequisites for various professional certifications.
Student Success Practices
Foundation Stage
Master Fundamental Accounting Concepts- (Semester 1-2)
Focus intensely on understanding basic accounting principles, financial statement preparation, and ledger management. Build a strong conceptual base, as these are the building blocks for advanced topics. Form study groups to discuss complex entries and problems regularly.
Tools & Resources
Textbooks, Online accounting tutorials, Previous year question papers
Career Connection
A strong foundation ensures academic excellence in later semesters and provides the core knowledge required for entry-level accounting and bookkeeping roles.
Develop Foundational Spreadsheet Skills- (Semester 1-2)
Start learning Microsoft Excel early. Practice basic functions, data entry, formulas, and creating simple financial reports. This skill is critical for any accounting professional in India.
Tools & Resources
Microsoft Excel, YouTube tutorials, Basic Excel certification courses (e.g., from NIIT, Aptech)
Career Connection
Proficiency in Excel is a fundamental requirement for most finance and accounting job roles, increasing efficiency and accuracy in data handling.
Engage with Business News and Current Affairs- (Semester 1-2)
Regularly read financial newspapers (e.g., The Economic Times, Business Standard) and watch business news channels. Understand economic policies, market trends, and company news relevant to the Indian context.
Tools & Resources
The Economic Times, Business Standard, Mint, CNBC-TV18
Career Connection
Develops commercial awareness, crucial for interviews and understanding the broader economic environment impacting businesses and accounting practices.
Intermediate Stage
Gain Practical Software Proficiency (Tally)- (Semester 3-4)
Beyond theoretical knowledge, actively learn and practice using accounting software like Tally ERP 9. Enroll in practical workshops or online courses to become proficient in data entry, ledger creation, GST compliance, and report generation.
Tools & Resources
Tally ERP 9/Prime software, Tally Academy courses, Online Tally tutorials
Career Connection
Hands-on experience with Tally is a key skill for accounting roles in Indian SMEs and often a prerequisite for entry-level positions, making you job-ready.
Explore Internships or Live Projects- (Semester 3-5)
Seek short-term internships during semester breaks with local accounting firms, tax consultants, or small businesses. Apply theoretical knowledge to real-world scenarios in areas like GST filing, basic bookkeeping, or audit support.
Tools & Resources
College placement cell, LinkedIn, Internshala.com
Career Connection
Practical exposure provides valuable experience, builds professional networks, and enhances your resume for future placements and professional qualifications.
Begin Preparation for Professional Exams (CA/CMA/CS Foundation)- (Semester 3-5)
If aspiring for professional qualifications, start familiarizing yourself with the syllabus and exam patterns of CA Foundation, CMA Foundation, or CS Foundation. Some B.Com subjects overlap, offering a head start.
Tools & Resources
ICAI/ICMAI/ICSI study materials, Coaching institutes, Online mock tests
Career Connection
Early preparation gives a competitive edge and allows for a smoother transition to professional studies post-graduation, opening up specialized career paths.
Advanced Stage
Specialize in a Niche Area (Taxation/Auditing/Finance)- (Semester 5-6)
Based on your interest and career goals, delve deeper into a specific area like direct/indirect taxation, advanced auditing, or financial reporting. Pursue advanced certifications or workshops in your chosen niche.
Tools & Resources
Advanced tax software (e.g., ClearTax), Auditing standards manuals, Financial modeling courses
Career Connection
Specialization makes you a more valuable candidate, opening doors to expert roles in tax advisory, internal audit, or financial planning within Indian and global firms.
Intensive Placement and Interview Preparation- (Semester 6)
Actively participate in mock interviews, group discussions, and resume-building workshops organized by the college. Practice answering technical accounting questions, behavioral questions, and current affairs related to finance.
Tools & Resources
Placement cell resources, Career counselors, Online interview prep platforms
Career Connection
Well-prepared candidates have higher chances of securing good placements in reputable Indian companies, ranging from Big 4 consulting firms to corporate finance departments.
Network with Alumni and Industry Professionals- (Semester 5-6)
Attend industry seminars, webinars, and alumni meetups. Connect with professionals on platforms like LinkedIn to seek guidance, mentorship, and stay updated on career opportunities and industry insights specific to the Indian market.
Tools & Resources
LinkedIn, College alumni network, Industry conferences
Career Connection
Networking is vital for discovering hidden job markets, gaining referrals, and building long-term professional relationships that can accelerate your career growth in India.
Program Structure and Curriculum
Eligibility:
- Passed Higher Secondary (10+2) Examination or its equivalent from a recognized board, typically with Commerce stream subjects.
Duration: 3 Years (6 Semesters)
Credits: 140 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-H-DSC-1 | Financial Accounting - I | Core | 4 | Accounting Principles and Concepts, Final Accounts of Sole Proprietorship, Depreciation and Reserves, Consignment and Joint Venture Accounts, Branch and Departmental Accounts |
| COM-H-DSC-2 | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Limited Liability Partnership Act, 2008, Consumer Protection Act, 2019, Negotiable Instruments Act, 1881 |
| COM-H-GE-1 | Microeconomics | Generic Elective | 4 | Demand and Supply Analysis, Consumer Behaviour, Production and Cost Analysis, Market Structures, Factor Pricing |
| COM-H-AECC-1 | English Language/MIL | Ability Enhancement Compulsory Course | 2 | Language Comprehension, Communication Skills, Grammar and Vocabulary, Report Writing, Presentation Skills |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-H-DSC-3 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Cost Ascertainment, Material Cost Control, Labour Cost Control, Overheads |
| COM-H-DSC-4 | Principles of Management | Core | 4 | Introduction to Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Managerial Ethics |
| COM-H-GE-2 | Macroeconomics | Generic Elective | 4 | National Income Accounting, Determination of Output and Employment, Inflation and Unemployment, Money and Banking, Fiscal and Monetary Policies |
| COM-H-AECC-2 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Natural Resources and Ecosystems, Environmental Pollution, Global Environmental Issues, Environmental Protection Acts, Sustainable Development |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-H-DSC-5 | Financial Accounting - II | Core | 4 | Partnership Accounts, Accounting for Dissolution of Partnership Firm, Hire Purchase and Installment System, Insolvency Accounts, Royalty Accounts |
| COM-H-DSC-6 | Direct Tax Law & 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 |
| COM-H-DSC-7 | Indian Financial System | Core | 4 | Overview of Indian Financial System, Financial Markets (Money Market, Capital Market), Financial Institutions (Banks, NBFCs), Financial Instruments, Financial Regulations |
| COM-H-SEC-1 | E-Commerce and Digital Marketing | Skill Enhancement Course | 2 | Introduction to E-Commerce, E-Business Models, Payment Systems, Digital Marketing Strategies, Social Media Marketing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-H-DSC-8 | Corporate Accounting | Core | 4 | Issue and Forfeiture of Shares, Debentures and their Redemption, Valuation of Goodwill and Shares, Amalgamation and Reconstruction, Accounts of Banking Companies |
| COM-H-DSC-9 | Indirect Tax Law & Practice | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Registration and Returns under GST, Customs Act, 1962 |
| COM-H-DSC-10 | Financial Management | Core | 4 | Nature and Scope of Financial Management, Capital Budgeting Decisions, Cost of Capital, Leverage Analysis, Working Capital Management |
| COM-H-SEC-2 | Computerized Accounting | Skill Enhancement Course | 2 | Fundamentals of Computerized Accounting Systems, Tally ERP 9 Software, Data Entry and Transaction Processing, Generating Financial Statements, Payroll and Inventory Management in Tally |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-H-DSC-11 | Auditing & Assurance | Core | 4 | Introduction to Auditing, Audit Planning and Documentation, Internal Control System, Vouching and Verification, Audit Report |
| COM-H-DSC-12 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Budgetary Control, Standard Costing, Variance Analysis, Marginal Costing and Decision Making |
| COM-H-DSE-1A | Advanced Financial Accounting | Discipline Specific Elective (Accountancy) | 4 | Accounting for Holding Companies, Consolidated Financial Statements, Indian Accounting Standards (Ind AS), Forensic Accounting, Human Resource Accounting |
| COM-H-GE-3 | Generic Elective - III | Generic Elective | 4 | To be chosen from another discipline/subject group as per Calcutta University guidelines |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-H-DSC-13 | Fundamentals of Entrepreneurship | Core | 4 | Concept and Nature of Entrepreneurship, Entrepreneurial Motivation and Competencies, Business Idea Generation, Business Plan Preparation, Sources of Finance for Entrepreneurs |
| COM-H-DSE-2A | Financial Reporting & Analysis | Discipline Specific Elective (Accountancy) | 4 | Framework of Financial Reporting, Consolidated Financial Statements, Cash Flow Statement Analysis, Ratio Analysis and Trend Analysis, Earnings Per Share |
| COM-H-DSE-3A | International Accounting | Discipline Specific Elective (Accountancy) | 4 | Introduction to International Accounting, International Financial Reporting Standards (IFRS), Foreign Currency Translation, Accounting for Foreign Operations, Global Accounting Harmonization |
| COM-H-GE-4 | Generic Elective - IV | Generic Elective | 4 | To be chosen from another discipline/subject group as per Calcutta University guidelines |
