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BCOM in Accountancy at Gujarat Arts & Science College

Gujarat Arts and Commerce College (Evening), located in Ahmedabad, is a government institution established in 1992. Affiliated with Gujarat University, it offers sought-after UG and PG programs in Arts and Commerce, providing accessible evening education.

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Ahmedabad, Gujarat

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About the Specialization

What is Accountancy at Gujarat Arts & Science College Ahmedabad?

This Accountancy program at Gujarat Arts and Commerce College (Evening) focuses on developing a strong foundation in financial management, auditing, taxation, and corporate accounting. Given India''''s rapidly growing economy and complex regulatory environment, the specialization directly addresses the burgeoning demand for skilled accounting professionals in both traditional and digital financial landscapes. The curriculum''''s comprehensive nature, covering both theoretical knowledge and practical applications, aims to prepare students for the challenges and opportunities within the Indian accounting sector.

Who Should Apply?

This program is ideal for fresh 10+2 graduates with a commerce background seeking entry into the finance and accounting industry in India. It also suits working professionals who wish to formalize their accounting knowledge or transition into specialized financial roles. Students aspiring for professional certifications like CA, CS, or CMA will find the foundational coursework highly beneficial. A strong aptitude for numbers, analytical thinking, and attention to detail are key prerequisites.

Why Choose This Course?

Graduates of this program can expect diverse India-specific career paths, including roles as accountants, auditors, tax consultants, financial analysts, and corporate finance executives. Entry-level salaries in India typically range from INR 3-5 lakhs per annum, with experienced professionals earning upwards of INR 8-15 lakhs. The program provides a solid base for advanced studies and aligns with the curriculum requirements for various professional accounting designations in India, fostering significant growth trajectories within Indian companies and multinational corporations operating in India.

OTHER SPECIALIZATIONS

Student Success Practices

Foundation Stage

Strengthen Core Accounting Concepts- (Semester 1-2)

Focus rigorously on Financial Accounting-I & II. Actively participate in practical sessions for Computer Applications-I & II (especially MS Excel for ledgers/statements) to build a solid computational base for accounting. Review theoretical concepts thoroughly before attempting problem-solving.

Tools & Resources

Tally ERP 9 (trial versions), Accounting textbooks (e.g., T.S. Grewal for basics), Online tutorials (e.g., ICAI resources, YouTube channels like ''''The Accounts Guy'''')

Career Connection

A strong grasp of fundamentals is critical for entry-level accounting roles, passing competitive exams, and for excelling in subsequent advanced accounting subjects and professional courses.

Develop Quantitative and Analytical Skills- (Semester 1-2)

Pay close attention to Business Mathematics-I and Business Statistics-I. Practice problem-solving daily to improve logical reasoning and data interpretation. Work through exercises from the textbook and supplementary materials.

Tools & Resources

NCERT Mathematics for conceptual clarity, R.S. Aggarwal for quantitative aptitude practice, Khan Academy for statistics concepts

Career Connection

These skills are essential for financial analysis, data interpretation, and crucial for competitive exams (e.g., banking, civil services) and various professional accounting courses.

Engage in Peer Learning and Discussion Groups- (Semester 1-2)

Form study groups with classmates to discuss complex topics in Business Economics and Principles of Business Management. Teach concepts to each other, explain doubts, and collaborate on assignments to deepen understanding.

Tools & Resources

College library and study spaces, Online forums for commerce students, Collaborative document tools for note-sharing

Career Connection

Enhances comprehension, develops vital communication and teamwork skills, and fosters a collaborative mindset, which is highly valued in any team-based corporate environment.

Intermediate Stage

Gain Practical Exposure via Internships and Projects- (Semester 3-5 breaks)

Seek out short-term internships (1-2 months) with local accounting firms, Chartered Accountants, or small businesses during semester breaks. Actively apply principles learned in Advanced Accounting and Costing to real-world scenarios.

Tools & Resources

College placement cell for local opportunities, LinkedIn for networking with professionals, Local business directories for direct outreach

Career Connection

Bridges the gap between theoretical knowledge and practical application, builds a professional network, and makes resumes significantly more appealing during final placements.

Master Regulatory Frameworks and Taxation Basics- (Semester 3-5)

Deep dive into Business Regulatory Framework-I & II and Taxation-I. Understand their practical implications, recent amendments, and how they apply to Indian businesses. Follow current affairs related to financial legislation.

Tools & Resources

Bare Acts (e.g., Companies Act, Income Tax Act), Professional journals (e.g., from ICAI), Workshops/seminars on recent tax changes (often offered by local CA bodies)

Career Connection

Highly sought-after skill for roles in compliance, tax advisory, financial auditing, and corporate secretarial services within India''''s intricate regulatory environment.

Participate in Financial Quizzes and Competitions- (Semester 3-5)

Engage in inter-college quizzes, debate competitions, or case study challenges related to finance, management, and current economic affairs. This hones quick thinking and broadens general knowledge.

Tools & Resources

College cultural and commerce clubs, Online platforms like Investopedia for financial literacy quizzes, Mock stock trading apps for practical market exposure

Career Connection

Improves analytical thinking, quick decision-making, and general financial awareness, which are crucial attributes for impressing recruiters during interviews and succeeding in dynamic financial roles.

Advanced Stage

Intensive Placement Preparation and Skill Refinement- (Semester 6)

Focus intensely on developing strong interview skills, crafting compelling resumes, and participating in mock interview sessions. Tailor your applications for specific roles in corporate accounting, auditing, or tax advisory, highlighting relevant projects and internships.

Tools & Resources

College career services and placement cell, Professional resume builders and LinkedIn learning courses on interview techniques, Company-specific aptitude test preparation material

Career Connection

Directly prepares students for securing full-time employment with leading Indian companies, audit firms, and multinational corporations by enhancing their readiness for the selection process.

Advanced Certification and Specialization- (Semester 6 and immediately post-graduation)

Consider pursuing initial modules of professional courses like CA, CMA, or CS, or acquire certifications in specific accounting software beyond Tally (e.g., SAP FICO basics, advanced Excel for finance, QuickBooks). This adds a layer of specialized practical skill.

Tools & Resources

ICAI study material and coaching institutes, Online certification platforms (Coursera, Udemy, edX) for software skills, Industry-specific training providers

Career Connection

Enhances specialization, significantly increases employability, and provides a distinct competitive edge in a demanding job market, leading to higher-paying and more specialized roles.

Develop Professional Networking and Mentorship- (Semester 6 and ongoing)

Actively attend industry seminars, webinars, and connect with alumni and professionals in the accounting and finance sectors. Leverage platforms like LinkedIn to build a professional network and seek out mentors for career guidance and industry insights.

Tools & Resources

LinkedIn for professional networking, Industry events organized by chambers of commerce or professional bodies, College alumni network platforms

Career Connection

Opens doors to hidden job opportunities, provides invaluable insights into industry trends, and facilitates long-term career growth through guidance and connections within the professional community.

Program Structure and Curriculum

Eligibility:

  • 12th Pass from any stream (as per Gujarat Arts and Commerce College Evening website)

Duration: 6 semesters / 3 years

Credits: Credits not specified

Assessment: Internal: 30%, External: 70%

Semester-wise Curriculum Table

Semester 1

Subject CodeSubject NameSubject TypeCreditsKey Topics
Financial Accounting-ICore Compulsory4Accounting Concepts, Financial Statements, Depreciation Methods, Final Accounts, Branch Accounting
Business Economics-ICore Compulsory4Nature and Scope of Business Economics, Demand Analysis, Production and Cost Analysis, Market Structures, Pricing Policies
Computer Applications-I (Theory & Practical)Core Compulsory4Introduction to Computers, Operating Systems, MS Word, MS Excel Fundamentals, Internet and E-commerce
Principles of Business ManagementCore Compulsory4Nature and Scope of Management, Planning, Organizing, Staffing, Directing and Controlling
Business Mathematics-ICore Compulsory4Basic Mathematical Concepts, Simple and Compound Interest, Annuity, Ratio and Proportion, Linear Equations

Semester 2

Subject CodeSubject NameSubject TypeCreditsKey Topics
Financial Accounting-IICore Compulsory4Partnership Accounts, Admission, Retirement, Dissolution, Consignment Accounts, Joint Venture Accounts, Royalty Accounts
Business Economics-IICore Compulsory4Macroeconomics Introduction, National Income, Consumption and Investment, Monetary Policy, Fiscal Policy
Computer Applications-II (Theory & Practical)Core Compulsory4Database Management Systems (DBMS), MS Access, Data Organization, SQL Basics, Advanced Spreadsheets
Principles of MarketingCore Compulsory4Introduction to Marketing, Marketing Environment, Consumer Behavior, Market Segmentation, Marketing Mix
Business Statistics-ICore Compulsory4Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis

Semester 3

Subject CodeSubject NameSubject TypeCreditsKey Topics
Advanced Accounting-ICore Compulsory4Company Accounts (Shares & Debentures), Amalgamation and Absorption, Internal Reconstruction, Valuation of Shares, Liquidation of Companies
Business Finance-ICore Compulsory4Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management
Business Statistics-IICore Compulsory4Regression Analysis, Index Numbers, Time Series Analysis, Probability Theory, Theoretical Distributions
Business Regulatory Framework-ICore Compulsory4Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Indian Partnership Act, 1932
Auditing-IElective Group A (Accounting & Finance)4Introduction to Auditing, Types of Audit, Audit Planning and Procedures, Internal Control System, Vouching and Verification
Fundamentals of Costing-IElective Group A (Accounting & Finance)4Introduction to Cost Accounting, Cost Concepts and Classifications, Cost Sheet Preparation, Material Costing, Labour Costing

Semester 4

Subject CodeSubject NameSubject TypeCreditsKey Topics
Advanced Accounting-IICore Compulsory4Holding Company Accounts, Departmental Accounts, Insurance Claims, Investment Accounts, Accounting for Government Grants
Business Finance-IICore Compulsory4Capital Structure Theories, Dividend Policy Decisions, Financial Statement Analysis, Leasing Decisions, Mergers and Acquisitions
Business Regulatory Framework-IICore Compulsory4Companies Act, 2013, Limited Liability Partnership Act, 2008, Competition Act, 2002, Foreign Exchange Management Act (FEMA), 1999, Information Technology Act, 2000
Business EntrepreneurshipCore Compulsory4Nature of Entrepreneurship, Small Business Management, Business Plan Preparation, Sources of Finance for Start-ups, Government Policies for SMEs
Auditing-IIElective Group A (Accounting & Finance)4Audit of Limited Companies, Special Audits (Bank, Insurance), Investigation and Due Diligence, Audit Report, Professional Ethics for Auditors
Fundamentals of Costing-IIElective Group A (Accounting & Finance)4Overheads Accounting, Process Costing, Job and Batch Costing, Contract Costing, Reconciliation of Cost and Financial Accounts

Semester 5

Subject CodeSubject NameSubject TypeCreditsKey Topics
Corporate Accounting-ICore Compulsory4Accounts of Banking Companies, Accounts of Insurance Companies, Accounts of Electricity Companies, Accounts of Co-operative Societies, Insolvency Accounts
Indian Financial SystemCore Compulsory4Structure of Indian Financial System, Financial Markets (Money & Capital), Financial Institutions, Financial Instruments, Role of RBI and SEBI
Human Resource ManagementCore Compulsory4Introduction to HRM, HR Planning and Recruitment, Training and Development, Performance Management, Employee Relations
Business Communication-ICore Compulsory4Principles of Effective Communication, Types of Communication, Written Communication (Letters, Memos), Oral Communication, Business Etiquettes
Taxation-I (Income Tax)Elective Group A (Accounting & Finance)4Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income (Salaries, House Property), Profits and Gains of Business/Profession, Capital Gains and Other Sources
Advanced Auditing-IElective Group A (Accounting & Finance)4Audit in Computerized Environment, Management Audit, Operational Audit, Environmental Audit, Forensic Audit

Semester 6

Subject CodeSubject NameSubject TypeCreditsKey Topics
Corporate Accounting-IICore Compulsory4International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind AS), Social Responsibility Accounting, Human Resource Accounting, Inflation Accounting
International Banking & FinanceCore Compulsory4International Financial Markets, Foreign Exchange Risk Management, International Trade Finance, International Capital Markets, Global Financial Institutions
International BusinessCore Compulsory4Nature and Scope of International Business, Theories of International Trade, Foreign Direct Investment, Regional Economic Integration, Global Business Environment
Business Communication-IICore Compulsory4Reports and Proposals Writing, Presentations Skills, Public Speaking, Group Discussions, Interview Techniques
Taxation-II (GST & Customs)Elective Group A (Accounting & Finance)4Goods and Services Tax (GST) Act, Levy and Collection of GST, Input Tax Credit Mechanism, Time and Value of Supply, Customs Act Overview
Advanced Auditing-IIElective Group A (Accounting & Finance)4Audit of Public Sector Undertakings, Cost Audit, Tax Audit, Internal Audit, Peer Review and Quality Control
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