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B-COM in Accountancy at Golaghat Commerce College
Golaghat, Assam
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About the Specialization
What is Accountancy at Golaghat Commerce College Golaghat?
This Accountancy program at Golaghat Commerce College focuses on equipping students with comprehensive knowledge in financial accounting, taxation, auditing, and corporate finance. It is designed to meet the growing demand for skilled accounting professionals in India''''s dynamic economic landscape, providing a strong foundation for various financial roles.
Who Should Apply?
This program is ideal for higher secondary commerce graduates seeking a robust foundation in accounting. It''''s also suitable for individuals aspiring to entry-level accounting positions, those planning to pursue professional certifications like CA, CS, or CMA, or graduates aiming for careers in financial services and business analytics within India.
Why Choose This Course?
Graduates of this program can expect diverse career paths in roles such as Accountant, Auditor, Tax Consultant, or Financial Analyst within Indian companies, PSUs, and MNCs. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential towards senior financial management roles and alignment with professional accounting certifications.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Dedicate consistent time to understand the fundamental concepts of financial accounting and business law. Practice problem-solving diligently from textbooks and previous year question papers to build a strong theoretical and practical base. Form study groups with peers for collaborative learning.
Tools & Resources
NCERT Accountancy books, M.C. Shukla and T.S. Grewal for Financial Accounting, Online accounting tutorials like AccountingCoach, College Library resources
Career Connection
A solid foundation is crucial for excelling in advanced accounting subjects and forms the bedrock for professional certifications, enabling better performance in entry-level accounting roles.
Develop Foundational Software Skills- (Semester 1-2)
Familiarize yourself with basic business software essential for accounting, such as Microsoft Excel. Learn to manage data, perform calculations, and create basic reports. Explore introductory accounting software like Tally ERP 9 if available through college workshops.
Tools & Resources
Microsoft Excel tutorials (e.g., from YouTube or Coursera), Basic Tally ERP 9 practice (if college offers training), Online typing tutors for speed and accuracy
Career Connection
Proficiency in office tools and basic accounting software enhances employability for junior accountant and data entry roles in Indian businesses, improving efficiency and accuracy.
Engage in Early Professional Networking- (Semester 1-2)
Attend any college-organized seminars, workshops, or guest lectures by accounting professionals. Join student clubs related to commerce or finance to interact with seniors and faculty, gaining insights into career paths and industry expectations in India.
Tools & Resources
College career counseling cell, LinkedIn for professional profiles, Student commerce associations
Career Connection
Early networking helps in understanding industry trends, identifying mentorship opportunities, and gaining exposure to potential internship leads, crucial for career planning in the Indian job market.
Intermediate Stage
Intensify Specialization in Taxation and Auditing- (Semester 3-4)
Deep dive into Income Tax and Indirect Tax laws, understanding their practical applications and compliance requirements in India. Participate in workshops on GST and learn auditing standards through practical case studies and simulated audit exercises.
Tools & Resources
Taxmann publications for Income Tax and GST, Institute of Chartered Accountants of India (ICAI) study material for auditing standards, Online tax filing portals for practice
Career Connection
Strong expertise in Indian taxation and auditing laws opens doors to roles in tax consulting firms, audit departments, and corporate compliance, which are high-demand areas.
Pursue Skill Enhancement Certifications- (Semester 3-4)
Alongside regular studies, consider pursuing short-term certifications in advanced Excel, Tally Prime, or data analysis tools. These practical skills are highly valued by Indian employers and demonstrate a proactive approach to skill development.
Tools & Resources
Tally Education Partner programs, Microsoft Office Specialist (MOS) certifications, Udemy, Coursera for relevant online courses
Career Connection
Additional certifications boost your resume, providing a competitive edge in job applications and making you job-ready for roles requiring specific software proficiency.
Seek Mini-Projects and Internships- (Semester 3-5)
Actively look for short-duration internships or volunteer for mini-projects in local businesses, NGOs, or accounting firms during breaks. This provides invaluable real-world exposure to accounting practices, documentation, and operational challenges in an Indian context.
Tools & Resources
College placement cell for internship leads, Internshala, LinkedIn for internship searches, Networking contacts developed in the foundation stage
Career Connection
Practical experience significantly enhances theoretical understanding, builds a professional network, and is a strong differentiator during campus placements and job interviews.
Advanced Stage
Focus on Strategic Financial Management- (Semester 5-6)
Master concepts of financial management, cost accounting, and international financial reporting standards. Engage in case study analysis to understand how these principles are applied in corporate decision-making and global financial reporting in India.
Tools & Resources
Harvard Business Review (HBR) case studies (adapted for Indian context), Financial newspapers and magazines (e.g., Economic Times, Business Standard), Online financial modeling tutorials
Career Connection
Proficiency in strategic financial management prepares you for advanced roles in corporate finance, financial analysis, and management consulting, offering higher growth trajectories.
Undertake a Comprehensive Project Work- (Semester 6)
Utilize the Project Work to conduct in-depth research on a contemporary accounting or finance topic relevant to the Indian economy. Focus on robust methodology, data analysis, and professional report writing to showcase your analytical and research skills.
Tools & Resources
Access to academic databases (e.g., J-Gate, Shodhganga), Statistical software (e.g., SPSS, R for basic analysis), Mentorship from faculty advisors
Career Connection
A well-executed project demonstrates independent research capabilities, critical thinking, and problem-solving skills, making you a strong candidate for research-oriented roles or higher studies.
Intensive Placement Preparation and Mock Interviews- (Semester 5-6)
Engage rigorously in placement preparation, including aptitude tests, group discussions, and multiple rounds of mock interviews. Focus on communication skills, logical reasoning, and current affairs related to the Indian economy and financial sector.
Tools & Resources
College placement cell workshops, Online aptitude platforms (e.g., Indiabix), Peer mock interview sessions
Career Connection
Thorough preparation ensures confidence and competence during recruitment drives, significantly improving your chances of securing desirable placements in top Indian companies and financial institutions.
Program Structure and Curriculum
Eligibility:
- Passed Higher Secondary (10+2) or equivalent examination with Commerce stream from a recognized board/council.
Duration: 6 semesters / 3 years
Credits: 136 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Studies | Compulsory | 2 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Human Population and Environment |
| CC-1 | Financial Accounting-I | Core - Accountancy | 6 | Theoretical Framework of Accounting, Accounting Process, Final Accounts of Sole Proprietorship, Accounting for Non-Profit Organization, Accounting for Special Transactions |
| CC-2 | Business Law | Core | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Limited Liability Partnership (LLP) Act, 2008, Consumer Protection Act, 2019, Negotiable Instruments Act, 1881 |
| GE-1 | Principles of Microeconomics (Example) | Elective | 6 | Introduction to Microeconomics, Demand and Supply Analysis, Consumer Behavior and Utility, Production and Cost Analysis, Market Structures and Pricing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English Communication | Compulsory | 2 | Theory of Communication, Reading Comprehension, Writing Skills, Listening and Speaking Skills, Business Correspondence |
| CC-3 | Financial Accounting-II | Core - Accountancy | 6 | Accounting for Hire Purchase and Installment, Branch and Departmental Accounts, Partnership Accounts: Amalgamation, Partnership Accounts: Dissolution, Insolvency Accounting |
| CC-4 | Corporate Law | Core | 6 | Introduction to Company Law, Company Formation and Kinds of Companies, Share Capital and Debentures, Company Management and Administration, Winding Up of Companies |
| GE-2 | Principles of Macroeconomics (Example) | Elective | 6 | Introduction to Macroeconomics, National Income Accounting, Money and Banking, Inflation and Unemployment, International Trade |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-5 | Income Tax Law and Practice | Core - Accountancy | 6 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income, Computation of Total Income, TDS, Advance Tax and PAN |
| CC-6 | Business Mathematics | Core | 6 | Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics, Set Theory, Linear Programming |
| CC-7 | Human Resource Management | Core | 6 | Introduction to HRM, HR Planning and Job Analysis, Recruitment and Selection, Training and Development, Performance Appraisal and Compensation |
| SEC-1 | Computer Applications in Business (Example) | Skill Enhancement | 4 | Word Processing for Business, Spreadsheet for Business Analysis, Database Management Systems, Presentation Tools, Internet and E-Commerce Basics |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-8 | Indirect Tax Law | Core - Accountancy | 6 | Introduction to GST Law, Supply under GST, Input Tax Credit, GST Procedure and Administration, Customs Law |
| CC-9 | Business Statistics | Core | 6 | Data Collection and Presentation, Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Index Numbers, Time Series Analysis |
| CC-10 | Auditing and Corporate Governance | Core - Accountancy | 6 | Concepts of Auditing, Audit Planning and Documentation, Company Audit, Audit Report, Corporate Governance |
| SEC-2 | E-Commerce (Example) | Skill Enhancement | 4 | Introduction to E-Commerce, E-Payment Systems, E-Security and Privacy, Online Business Models, Digital Marketing Strategies |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | Financial Management | Core - Accountancy | 6 | Introduction to Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Decisions |
| CC-12 | Principles of Marketing | Core | 6 | Marketing Concepts and Environment, Product Life Cycle and Branding, Pricing Strategies, Promotion Mix, Channels of Distribution |
| DSE-1 | Accounting for Business Decisions | Elective - Accountancy | 6 | Management Accounting Introduction, Marginal Costing, Budgetary Control, Standard Costing, Relevant Costing for Decisions |
| DSE-2 | International Financial Reporting Standards | Elective - Accountancy | 6 | Introduction to IFRS, Presentation of Financial Statements (IAS 1), IFRS for Assets (e.g., IAS 16, IAS 38), IFRS for Liabilities (e.g., IAS 37), Consolidated Financial Statements |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Fundamentals of Cost Accounting | Core - Accountancy | 6 | Cost Accounting Concepts and Classification, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing |
| CC-14 | Indian Financial System | Core | 6 | Overview of Indian Financial System, Money Market, Capital Market, Financial Institutions, SEBI and Regulatory Framework |
| DSE-3 | Corporate Tax Planning | Elective - Accountancy | 6 | Tax Planning Concepts and Objectives, Tax Planning for New Business, Tax Planning for Specific Managerial Decisions, International Taxation Overview, Tax Avoidance vs Tax Evasion |
| DSE-4 | Project Work | Elective - Accountancy | 6 | Research Methodology and Problem Formulation, Data Collection Techniques, Data Analysis and Interpretation, Report Writing and Documentation, Project Presentation and Viva-Voce |
