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B-COM in Professional Accounting at Guru Nanak College (Autonomous)
Chennai, Tamil Nadu
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About the Specialization
What is Professional Accounting at Guru Nanak College (Autonomous) Chennai?
This B.Com Professional Accounting program at Guru Nanak College, Chennai focuses on developing comprehensive expertise in accounting, finance, and taxation, essential for the evolving Indian business landscape. The curriculum integrates core commerce principles with specialized professional accounting practices, preparing students for dynamic roles in auditing, corporate finance, and compliance within Indian industries. It emphasizes a blend of theoretical knowledge and practical application.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, auditing, or financial advisory roles. It also suits individuals aspiring for professional certifications like CA, CMA, or CS, providing a strong foundational understanding. Students with a keen interest in financial reporting, tax laws, and corporate governance in the Indian context will find this specialization particularly rewarding.
Why Choose This Course?
Graduates of this program can expect promising career paths as auditors, tax consultants, financial analysts, or accountants in both public and private sectors in India. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience and further certifications. The program equips students for roles in Indian MNCs, startups, and established financial institutions, contributing to India''''s economic growth.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Focus diligently on understanding fundamental accounting concepts, conventions, and double-entry system through consistent practice. Utilize textbooks, online tutorials, and class notes to solidify your understanding of Financial and Corporate Accounting.
Tools & Resources
Tally software basics, ICAI study material (for foundational concepts), accounting problem books, peer study groups
Career Connection
A strong foundation is crucial for advanced accounting and for clearing entry-level interviews in accounting firms and corporate finance departments.
Develop Effective Communication Skills- (Semester 1-2)
Actively participate in soft skill development modules focusing on verbal and non-verbal communication, presentation skills, and group discussions. Practice public speaking and structured writing to articulate ideas clearly and professionally.
Tools & Resources
Soft Skill workshops, Toastmasters clubs (if available), online communication courses, college debate clubs
Career Connection
Essential for client interaction, team collaboration, and professional presentations in any accounting or finance role.
Build a Strong Academic Network- (Semester 1-2)
Engage with professors during office hours for clarifications and deeper insights. Form study groups with peers to discuss complex topics, share notes, and prepare for examinations collaboratively.
Tools & Resources
Departmental faculty, college library resources, LinkedIn for professional networking, campus events
Career Connection
Helps in academic performance, peer learning, and building a professional network that can lead to future opportunities and mentorship.
Intermediate Stage
Apply Theoretical Knowledge through Internships- (Semester 3-5)
Seek out short-term internships during semester breaks with local accounting firms, businesses, or NGOs. This provides hands-on experience in areas like bookkeeping, auditing, or tax preparation, applying concepts from Advanced Financial Accounting and Cost Accounting.
Tools & Resources
College placement cell, internship portals (Internshala, LinkedIn), local CA firms, small businesses
Career Connection
Practical experience significantly enhances your resume, provides industry exposure, and clarifies career interests, making you more employable.
Enhance Legal and Regulatory Understanding- (Semester 3-4)
Pay special attention to Commercial Law and Corporate Law subjects. Supplement classroom learning with reading current business news, legal updates relevant to Indian companies, and case studies to understand real-world application.
Tools & Resources
Bare Acts for key laws, business newspapers (Economic Times, Business Standard), online legal resources
Career Connection
Crucial for roles in compliance, corporate governance, auditing, and company secretarial practices in India.
Develop Foundational Management Skills- (Semester 5)
Focus on Management Accounting, Banking, and Elective subjects like Financial Management or HRM. Participate in case study competitions or business quizzes to sharpen analytical and decision-making skills in a competitive environment.
Tools & Resources
Business case studies, online courses on management principles, college management fests
Career Connection
Prepares students for leadership roles, financial analysis, and strategic decision-making in corporate settings.
Advanced Stage
Intensive Professional Exam Preparation- (Semester 6)
For students aspiring for professional accounting certifications (CA, CMA, CS), begin intensive preparation aligning with subjects like Auditing and Income Tax Law and Practice. Attend coaching classes or dedicate self-study time alongside final semester subjects.
Tools & Resources
ICAI/ICMAI/ICSI study materials, coaching institutes, online mock tests, previous year question papers
Career Connection
Directly leads to highly respected and lucrative careers in statutory auditing, tax consultancy, and financial management.
Master Advanced Software and Tools- (Semester 6)
Beyond Tally, gain proficiency in advanced Excel for financial modeling, data analysis, and reporting. Explore basic ERP systems (e.g., SAP FICO modules) or specific tax software used in Indian businesses.
Tools & Resources
Advanced Excel courses (online/offline), SAP user manuals, specialized accounting software tutorials
Career Connection
Essential for efficiency and accuracy in modern accounting and finance roles, making you a highly desirable candidate for various companies.
Strategic Career Planning and Placement Focus- (Semester 6)
Work closely with the college''''s placement cell to refine your resume, practice interview techniques, and participate actively in campus recruitment drives. Network with alumni and industry professionals to explore job opportunities and gain insights into different career paths.
Tools & Resources
Placement cell, career counselors, LinkedIn, mock interviews, alumni network
Career Connection
Facilitates successful entry into the desired career path immediately after graduation, securing a strong start to your professional journey.
Program Structure and Curriculum
Eligibility:
- Candidates must have passed the Higher Secondary Examination conducted by the Government of Tamil Nadu with Commerce, Accountancy, Economics, Business Mathematics/Mathematics/Statistics/Computer Science/Auditing as subjects, or an equivalent examination accepted by the Syndicate.
Duration: 3 years (6 semesters)
Credits: 138 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 23UTAL11 / 23UFRN11 / 23UHIN11 / 23UMAL11 / 23USAN11 / 23UTEL11 | Tamil I / French I / Hindi I / Malayalam I / Sanskrit I / Telugu I | Language | 4 | |
| 23UENG11 | General English I | Language | 4 | |
| 23UCOP11 | Financial Accounting | Core | 6 | Accounting Concepts and Conventions, Single Entry System, Partnership Accounts, Branch Accounts, Departmental Accounts |
| 23UCOA11 | Business Economics | Allied | 5 | Nature and Scope of Business Economics, Theory of Demand, Theory of Production, Cost Concepts, Market Structure |
| 23USSO11 | Soft Skill - I (Personality Development) | Soft Skill | 2 | Introduction to Soft Skills, Attitude, Body Language, Communication Skills, Leadership |
| 23UVAE11 | Value Education | Value Education | 2 | Values, Ethics, Human Rights, Professional Ethics, Environmental Ethics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 23UTAL21 / 23UFRN21 / 23UHIN21 / 23UMAL21 / 23USAN21 / 23UTEL21 | Tamil II / French II / Hindi II / Malayalam II / Sanskrit II / Telugu II | Language | 4 | |
| 23UENG21 | General English II | Language | 4 | |
| 23UCOP21 | Corporate Accounting | Core | 6 | Share Capital, Debentures, Redemption of Preference Shares and Debentures, Company Final Accounts, Amalgamation |
| 23UCOA21 | Principles of Marketing | Allied | 5 | Introduction to Marketing, Product Life Cycle, Pricing Strategies, Channels of Distribution, Sales Promotion |
| 23USSO21 | Soft Skill - II (Effective Communication) | Soft Skill | 2 | Verbal Communication, Non-Verbal Communication, Listening Skills, Presentation Skills, Group Discussion |
| 23UVES21 | Environmental Studies | Environmental Studies | 2 | Ecosystem, Biodiversity, Environmental Pollution, Natural Resources, Social Issues and Environment |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 23UCOP31 | Advanced Financial Accounting | Core | 6 | Hire Purchase and Instalment System, Lease Accounting, Royalty Accounts, Investment Accounts, Insurance Claims |
| 23UCOA31 | Commercial Law | Allied | 5 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Partnership Act |
| 23UCOS31 | E-Commerce | Skill Based | 2 | Introduction to E-Commerce, E-Payment Systems, E-Security, Online Marketing, M-Commerce |
| 23USSO31 | Soft Skill - III (Aptitude Skills) | Soft Skill | 2 | Numerical Ability, Logical Reasoning, Data Interpretation, Verbal Reasoning, Problem Solving |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 23UCOP41 | Cost Accounting | Core | 6 | Cost Concepts and Classifications, Material Costing, Labour Costing, Overhead Costing, Reconciliation of Cost and Financial Accounts |
| 23UCOA41 | Corporate Law | Allied | 5 | Company Formation, Management and Administration, Share Capital and Debentures, Meetings, Winding Up |
| 23UCOS41 | Business Communication | Skill Based | 2 | Principles of Effective Communication, Business Letters, Report Writing, Email Etiquette, Presentation Skills |
| 23USSO41 | Soft Skill - IV (Interpersonal Skills) | Soft Skill | 2 | Team Work, Conflict Management, Negotiation Skills, Empathy, Building Relationships |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 23UCOP51 | Management Accounting | Core | 6 | Introduction to Management Accounting, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| 23UCOP52 | Banking and Financial Services | Core | 6 | Indian Banking System, Commercial Banks, Reserve Bank of India, Financial Markets, Merchant Banking |
| 23UCOE51A / 23UCOE51B | Financial Management / Human Resource Management | Elective | 5 | Financial Management (Introduction, Capital Budgeting, Working Capital), Human Resource Management (Planning, Recruitment, Training, Appraisal) |
| 23UCOS51 | Entrepreneurial Development | Skill Based | 2 | Concept of Entrepreneurship, Entrepreneurial Motivation, Project Formulation, Business Plan, Small Business Management |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 23UCOP61 | Auditing | Core | 6 | Introduction to Auditing, Internal Control, Vouching, Verification and Valuation of Assets and Liabilities, Audit Report |
| 23UCOP62 | Income Tax Law and Practice | Core | 6 | Basic Concepts of Income Tax, Residential Status, Income from Salary, Income from House Property, Capital Gains |
| 23UCOE61A / 23UCOE61B | Investment Management / Services Marketing | Elective | 5 | Investment Management (Avenues, Markets, Analysis, Portfolio), Services Marketing (Introduction, Quality, Marketing Mix, Relationship Marketing) |
| 23UCOS61 | Professional Ethics and Human Values | Skill Based | 2 | Ethics, Professional Ethics, Human Values, Integrity, Work Ethics |
