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B-COM in Accounting And Finance at Guru Nanak College (Autonomous)
Chennai, Tamil Nadu
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About the Specialization
What is Accounting and Finance at Guru Nanak College (Autonomous) Chennai?
This B.Com. Accounting and Finance program at Guru Nanak College focuses on equipping students with a strong foundation in financial principles, accounting practices, and business management. It integrates theoretical knowledge with practical skills essential for navigating India''''s dynamic financial landscape, preparing graduates for various roles in accounting, finance, and related sectors. The program''''s comprehensive curriculum is designed to meet industry demands effectively.
Who Should Apply?
This program is ideal for higher secondary graduates passionate about numbers, financial markets, and corporate governance, seeking entry into India''''s vibrant financial sector. It caters to those aspiring for roles in accounting firms, banks, investment houses, or seeking to pursue professional certifications like CA, CS, or CMA. Basic analytical aptitude and a keen interest in business operations are beneficial prerequisites.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as accountants, financial analysts, tax consultants, auditors, and investment advisors. Entry-level salaries typically range from INR 2.5 to 4.5 LPA, with experienced professionals earning significantly more. The program aligns with requirements for professional certifications, fostering growth trajectories within Indian companies and multinational corporations operating in the country.
Student Success Practices
Foundation Stage
Build a Strong Accounting & Economic Base- (Semester 1-2)
Focus intensely on mastering core concepts in Financial Accounting and Business Economics. Attend all lectures, practice journal entries, ledger postings, and understand microeconomic principles thoroughly. Form study groups to discuss complex topics and clarify doubts regularly.
Tools & Resources
Tally ERP 9 (basic tutorials), Indian Accounting Standards (AS), NPTEL lectures for foundational concepts, Online quiz platforms
Career Connection
This foundational knowledge is essential for understanding all future finance subjects and forms the bedrock for entry-level roles like Junior Accountant or Bookkeeper, and for professional exams.
Enhance Business Communication Skills- (Semester 1-2)
Actively participate in English language classes and develop strong written and verbal communication. Practice presentations, write formal emails, and engage in group discussions. Regularly read business newspapers like The Economic Times or Business Standard to improve vocabulary and comprehension.
Tools & Resources
Grammarly, LinkedIn Learning (communication courses), Toastmasters clubs (if available in college/city), Reputable business magazines
Career Connection
Crucial for professional correspondence, effective client interactions, presenting financial reports, and overall career progression in any finance or corporate role.
Cultivate a Continuous Learning Mindset- (Semester 1-2)
Beyond academics, explore introductory courses on financial market basics or personal finance management. Develop an interest in current affairs related to business and economy. Participate in college quizzes, debates, or essay competitions to broaden perspectives and apply knowledge.
Tools & Resources
NSE Academy certifications (beginner level), Coursera/edX free courses on finance, Business news apps (e.g., Livemint, Moneycontrol), College library resources
Career Connection
Fosters intellectual curiosity, helps in making informed career choices, and ensures students stay updated with dynamic industry trends, making them more adaptable and valuable.
Intermediate Stage
Deep Dive into Corporate Finance & Law- (Semester 3-5)
Intensely study Corporate Accounting, Company Law, Income Tax, and Financial Management. Understand the practical implications of legal provisions and accounting standards by analyzing real-world case studies related to corporate frauds, mergers, or financial restructuring. Consult industry experts.
Tools & Resources
Bare Acts of Companies Act, 2013, Income Tax Act, 1961, ICAI study material for relevant topics, Annual reports of Indian companies for analysis
Career Connection
Prepares students for specialized roles in corporate finance, taxation, legal compliance, internal audit, and makes them strong candidates for roles requiring regulatory understanding.
Gain Practical Skills via Electives & Workshops- (Semester 3-5)
Actively engage with chosen Skill Enhancement Courses (SEC) and General Electives (GEC) such as Financial Planning, Cost Accounting, or Business Statistics. Attend workshops on Tally, advanced Excel for finance, financial modeling, or data analysis tools to develop hands-on expertise.
Tools & Resources
Advanced Excel functions, Tally Prime software, Google Sheets for financial analysis, Mock trading platforms (virtual), Statistical software like R or Python basics
Career Connection
Translates theoretical knowledge into practical, in-demand skills, significantly enhancing employability across various finance and accounting functions and making resumes stand out.
Network and Explore Industry Internships- (Semester 4-5)
Start building a professional network by attending industry seminars, guest lectures, and career fairs organized by the college or external bodies. Actively seek summer internships in accounting firms, banks, or corporate finance departments to gain invaluable real-world exposure and practical insights.
Tools & Resources
LinkedIn for professional networking, College placement cell, Industry associations (e.g., FICCI, CII student chapters), Online job portals for internships
Career Connection
Provides invaluable experience, helps clarify career aspirations, often leads to pre-placement offers, and builds critical contacts for future job opportunities.
Advanced Stage
Master Advanced Financial & Taxation Concepts- (Semester 6)
Focus on Auditing, Management Accounting, GST, and Banking & Insurance in depth. Understand complex financial analysis techniques and tax compliance requirements. Prepare detailed project reports and deliver professional presentations as part of the Research Methodology course and project work.
Tools & Resources
GST portal for practical understanding, CA/CS professional body study materials, Financial analysis software (e.g., Bloomberg terminal if available, or free alternatives like Screener.in), Case study analysis of Indian financial scandals
Career Connection
Essential for specialized roles in auditing, taxation, financial analysis, risk management, and banking, positioning graduates for mid-level positions or leadership tracks.
Undertake a Comprehensive Project/Internship- (Semester 6)
Dedicate significant effort to the final semester project or internship. Choose a topic relevant to your career interest (e.g., financial analysis of a specific company, market research for a financial product). Ensure thorough data collection, rigorous analysis, and professional report writing and presentation.
Tools & Resources
Statistical software (e.g., SPSS basics, R, or Python for data analysis), Survey tools (Google Forms, SurveyMonkey), Academic databases (JSTOR, EBSCO), Mentor guidance
Career Connection
Showcases practical application of accumulated knowledge, enhances problem-solving skills, and often leads directly to full-time employment or stronger references for higher studies.
Intensive Placement & Professional Exam Preparation- (Semester 6)
Actively participate in campus placement drives, attend mock interviews, and group discussion sessions. Simultaneously, if pursuing professional courses like CA, CMA, or CS, allocate dedicated time for their respective exam preparations, focusing on quantitative aptitude, logical reasoning, and general awareness.
Tools & Resources
College placement cell resources, Online aptitude test platforms (e.g., IndiaBix), Professional body study materials and past papers, Career counseling and mentorship
Career Connection
Directly translates to securing desired job roles in top firms or gaining a significant head start in professional certification journeys, accelerating career growth post-graduation.
Program Structure and Curriculum
Eligibility:
- A Pass in Higher Secondary Course (10+2) or its equivalent.
Duration: 3 years (6 semesters)
Credits: 126 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22ULTL101/22ULHL101/22ULSL101/22ULFL101 | Language I (Tamil/Hindi/Sanskrit/French) | Language | 3 | Grammar and Composition, Prose and Poetry, Literary Appreciation, Communication Skills, Cultural Context |
| 22ULEL101 | Language II - English | Language | 3 | Communicative English, Grammar and Usage, Reading Comprehension, Writing Skills, Vocabulary Building |
| 22UAFC101 | Financial Accounting - I | Core | 5 | Accounting Fundamentals, Journal, Ledger, Trial Balance, Final Accounts of Sole Trader, Consignment Accounts, Joint Venture Accounts |
| 22UAFC102 | Business Economics | Core | 5 | Introduction to Economics, Demand Analysis, Supply Analysis, Production and Cost Analysis, Market Structures |
| 22UAEA101 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources, Environmental Ethics, Sustainable Development |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22ULTL201/22ULHL201/22ULSL201/22ULFL201 | Language I (Tamil/Hindi/Sanskrit/French) | Language | 3 | Advanced Grammar, Prose and Drama, Literary Criticism, Creative Writing, Cultural History |
| 22ULEL201 | Language II - English | Language | 3 | Advanced Communication, Report Writing, Business Correspondence, Critical Reading, Presentation Skills |
| 22UAFC203 | Financial Accounting - II | Core | 5 | Company Final Accounts, Branch Accounts, Departmental Accounts, Insolvency Accounts, Hire Purchase and Installment Systems |
| 22UAFC204 | Business Law | Core | 5 | Indian Contract Act, Sale of Goods Act, Indian Partnership Act, Negotiable Instruments Act, Consumer Protection Act |
| 22UAEA201 | Value Education | Ability Enhancement Compulsory Course (AECC) | 2 | Human Values, Professional Ethics, Social Responsibility, Ethical Dilemmas, Moral Development |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22UAFC305 | Corporate Accounting - I | Core | 5 | Issue and Forfeiture of Shares, Redemption of Preference Shares, Redemption of Debentures, Underwriting of Shares, Amalgamation of Companies |
| 22UAFC306 | Company Law | Core | 5 | Formation of Companies, Memorandum and Articles of Association, Share Capital and Debentures, Company Management, Meetings and Resolutions |
| 22UAFC307 | Principles of Marketing | Core | 5 | Introduction to Marketing, Marketing Environment, Market Segmentation, Targeting, Positioning, Product Decisions, Pricing Strategies |
| 22UAFS3A1 | Fundamentals of Financial Market | Skill Enhancement Course (SEC) - I | 2 | Financial Markets Overview, Money Market Instruments, Capital Market Instruments, SEBI and Regulations, Financial Institutions |
| 22UAFG3A1 | Business Statistics | General Elective Course (GEC) - I | 3 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22UAFC408 | Corporate Accounting - II | Core | 5 | Internal Reconstruction, External Reconstruction, Liquidation of Companies, Consolidated Financial Statements, Valuation of Goodwill and Shares |
| 22UAFC409 | Income Tax Law & Practice | Core | 5 | Basic Concepts of Income Tax, Residential Status, Heads of Income (Salary, House Property), Profits and Gains of Business or Profession, Capital Gains and Other Sources |
| 22UAFC410 | Financial Services | Core | 5 | Introduction to Financial Services, Merchant Banking, Leasing and Hire Purchase, Venture Capital, Credit Rating |
| 22UAFS4A1 | Financial Planning and Investment Management | Skill Enhancement Course (SEC) - II | 2 | Financial Goals and Budgeting, Investment Avenues, Risk and Return, Portfolio Management, Mutual Funds |
| 22UAFG4A1 | Cost Accounting | General Elective Course (GEC) - II | 3 | Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing, Job, Batch, and Contract Costing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22UAFC511 | Management Accounting | Core | 5 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| 22UAFC512 | Auditing | Core | 5 | Introduction to Auditing, Types of Audit, Internal Control and Audit, Vouching, Verification of Assets and Liabilities |
| 22UAFC513 | Financial Management | Core | 5 | Financial Management Scope, Capital Budgeting, Working Capital Management, Capital Structure Theories, Dividend Policy |
| 22UAFD5A1 | E-Commerce | Discipline Specific Elective (DSE) - I | 5 | E-Commerce Business Models, E-Marketing, E-Payment Systems, Cyber Security in E-Commerce, Legal and Ethical Aspects of E-Commerce |
| 22UAFD5A3 | International Business | Discipline Specific Elective (DSE) - II | 5 | Globalization and International Business, Theories of International Trade, Foreign Exchange Market, Balance of Payments, International Economic Organizations |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22UAFC614 | Banking and Insurance | Core | 5 | Banking System in India, Commercial and Central Banking (RBI), Banking Innovations, Principles of Insurance, Types of Insurance |
| 22UAFC615 | Goods and Services Tax (GST) & Customs Law | Core | 5 | Concept of GST, Levy and Collection of GST, Input Tax Credit, Customs Act and Valuation, Customs Duty Calculation |
| 22UAFC616 | Research Methodology | Core | 5 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Report Writing |
| 22UAFD6A1 | Services Marketing | Discipline Specific Elective (DSE) - III | 5 | Nature and Characteristics of Services, Service Quality and Customer Satisfaction, Service Design and Development, Pricing of Services, Marketing Strategies for Services |
| 22UAFPRJ601 | Project / Internship | Project | 5 | Project Identification and Formulation, Literature Review, Data Collection and Analysis, Report Writing and Presentation, Viva Voce |
