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BACHELOR-OF-ACCOUNTING-AND-FINANCE in General at Guru Nanak Khalsa College, Karnal
Karnal, Haryana
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About the Specialization
What is General at Guru Nanak Khalsa College, Karnal Karnal?
This Bachelor of Accounting and Finance program at Guru Nanak Khalsa College, Karnal, affiliated with Kurukshetra University, focuses on developing expertise in financial accounting, corporate finance, taxation, and investment management. It is designed to meet the growing demand for skilled professionals in India''''s dynamic financial sector, preparing students for roles in banking, insurance, audit, and financial advisory.
Who Should Apply?
This program is ideal for 10+2 graduates with a keen interest in numbers, financial markets, and business operations, seeking entry into finance and accounting roles. It also suits individuals aiming for professional qualifications like CA, CS, or CFA, providing a strong theoretical and practical foundation. Aspiring entrepreneurs can also benefit from the program''''s business and finance acumen.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as accountants, financial analysts, tax consultants, investment advisors, and auditors. Entry-level salaries typically range from INR 2.5 LPA to 5 LPA, with significant growth potential up to INR 10-15 LPA or more with experience and advanced certifications. The curriculum aligns with requirements for various professional accounting and finance bodies.
Student Success Practices
Foundation Stage
Master Core Accounting & Finance Principles- (Semester 1-2)
Focus diligently on understanding the fundamental concepts of financial accounting, business economics, and management. Utilize textbook exercises, online tutorials from NPTEL or Swayam, and collaborate with peers to solve problems.
Tools & Resources
NPTEL courses, Swayam platform, T.S. Grewal/H.C. Mehrotra for Accounting, standard Economics textbooks
Career Connection
A strong foundation in these areas is crucial for all advanced finance and accounting roles and clears initial rounds of competitive exams.
Develop Foundational IT and Communication Skills- (Semester 1-2)
Actively engage in computer applications in business courses, focusing on MS-Excel proficiency, and practice business communication. Participate in debates, presentations, and group projects to enhance verbal and written communication.
Tools & Resources
Microsoft Office Suite, Grammarly, Toastmasters International (if available locally), college communication labs
Career Connection
Essential for effective workplace interaction, data analysis, and professional reporting in any business or finance role.
Explore Industry Basics and Networking- (Semester 1-2)
Attend introductory workshops or webinars on the Indian financial system and general business environment. Connect with senior students, faculty, and local professionals to understand diverse career paths in accounting and finance.
Tools & Resources
LinkedIn, local industry events (if applicable), college career counseling cell
Career Connection
Early exposure helps in career mapping and identifying areas of interest for future specialization and internships.
Intermediate Stage
Gain Practical Software Proficiency (Tally & Excel for Finance)- (Semester 3-5)
Beyond basic computer applications, rigorously practice Tally for computerized accounting and advanced Excel functions for financial modeling. Seek out real-world case studies and complete certification courses if possible.
Tools & Resources
Tally ERP 9, Microsoft Excel (advanced functions), online courses (Udemy, Coursera) for financial modeling
Career Connection
Direct practical skill for accounting roles, data analysis, and crucial for finance analyst positions.
Deep Dive into Taxation & Corporate Laws- (Semester 3-4)
Pay close attention to Income Tax Law & Practice and Goods & Services Tax (GST) courses. Follow current financial news and budget updates to understand real-world implications. Consider attending tax workshops or internships with local CA firms.
Tools & Resources
Income Tax Act, GST Act, financial newspapers (Economic Times, Business Standard), ICAI resources
Career Connection
Opens doors to careers in taxation, auditing, and compliance, which are high-demand areas in India.
Engage in Project-Based Learning & Skill Enhancement- (Semester 3-5)
Actively participate in skill enhancement courses like ''''Financial Modeling with Excel'''' or ''''Business Analytics using Tableau''''. Initiate small projects or case studies related to corporate accounting or financial management.
Tools & Resources
Case study competitions, academic project guides, professional finance tools tutorials (e.g., Bloomberg Terminal if available through KUK/College)
Career Connection
Develops problem-solving skills, practical application of theoretical knowledge, and builds a portfolio for internships and placements.
Advanced Stage
Intensive Placement Preparation & Mock Interviews- (Semester 5-6)
Dedicate significant time to preparing for campus placements. Practice aptitude tests, resume building, group discussions, and mock interviews. Seek guidance from the career services department and alumni.
Tools & Resources
Online aptitude platforms, interview preparation books, college placement cell, LinkedIn for alumni connections
Career Connection
Directly targets securing entry-level positions in finance, accounting, and consulting firms.
Specialized Elective Concentration & Research- (Semester 5-6)
Choose Discipline Specific Electives (DSEs) strategically based on career aspirations (e.g., Security Analysis, Financial Derivatives, Tax Planning). Undertake a comprehensive project report or research paper in your chosen area of specialization.
Tools & Resources
Research databases (JSTOR, EBSCO Host), financial journals, faculty mentors
Career Connection
Deepens expertise in a specific domain, making graduates more attractive to specialized roles and preparing them for postgraduate studies.
Professional Certification & Further Education Planning- (Semester 6 and beyond)
Explore and plan for professional certifications like CA, CS, CMA, CFA, or ACCA, which are highly valued in India. Research suitable postgraduate programs (M.Com, MBA Finance) if further academic pursuit is desired.
Tools & Resources
Official websites of professional bodies (ICAI, ICSI, ICAI-Cost, CFA Institute), career counselors
Career Connection
Elevates professional standing, opens doors to leadership roles, and enhances long-term career growth in the finance and accounting industry.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 examination or equivalent with minimum 40% marks in aggregate with English as one of the subjects.
Duration: 3 years (6 semesters)
Credits: 144 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAF-101 | Financial Accounting - I | Core | 4 | Theoretical Framework of Accounting, Accounting Process, Final Accounts, Accounting for Non-Profit Organizations, Accounting for Incomplete Records |
| BAF-102 | Business Communication | Core | 4 | Introduction to Business Communication, Verbal Communication, Non-Verbal Communication, Written Communication, Technology in Business Communication |
| BAF-103 | Business Economics | Core | 4 | Introduction to Economics, Consumer Behavior, Production and Costs, Market Structures, Factor Pricing |
| BAF-104 | Principles of Management | Core | 4 | Nature of Management, Planning, Organizing, Staffing, Directing, Controlling |
| BAF-105 | Computer Applications in Business | Core | 4 | Introduction to Computers, Operating Systems, MS-Word, MS-Excel, MS-PowerPoint |
| BAF-106 | Introduction to Indian Financial System | Core | 4 | Introduction to Financial System, Financial Markets, Financial Instruments, Financial Institutions, Regulatory Bodies |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Environment & Ecosystems, Natural Resources, Biodiversity, Environmental Pollution, Social Issues & Environment |
| SEC-1 | Data Analytics using Excel | Skill Enhancement Course | 2 | Introduction to Excel, Data Entry & Formatting, Formulas & Functions, Data Visualization, Data Analysis Tools |
| VAC-1 | Constitutional Values & Fundamental Duties | Value Added Course | 2 | Indian Constitution, Fundamental Rights, Fundamental Duties, Directive Principles, Constitutional Amendments |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAF-201 | Financial Accounting - II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Branch Accounts, Departmental Accounts, Hire Purchase & Installment Systems |
| BAF-202 | Company Law | Core | 4 | Introduction to Company Law, Incorporation of a Company, Share Capital, Debentures, Meetings & Resolutions, Directors |
| BAF-203 | Business Statistics | Core | 4 | Introduction to Statistics, Data Collection & Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation & Regression |
| BAF-204 | Marketing Management | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Market Segmentation, Product Decisions, Pricing Decisions |
| BAF-205 | E-Commerce | Core | 4 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, E-Security, Legal & Ethical Issues in E-Commerce |
| BAF-206 | Business Environment | Core | 4 | Nature of Business Environment, Economic Environment, Political & Legal Environment, Socio-Cultural Environment, Technological Environment |
| AECC-2 | English Communication Skills | Ability Enhancement Compulsory Course | 2 | Grammar Review, Vocabulary Building, Listening Skills, Speaking Skills, Reading & Writing Skills |
| SEC-2 | Digital Marketing Fundamentals | Skill Enhancement Course | 2 | Introduction to Digital Marketing, SEO, SEM, Social Media Marketing, Email Marketing, Content Marketing |
| VAC-2 | Global Citizenship Education | Value Added Course | 2 | Concepts of Global Citizenship, Human Rights, Sustainable Development Goals, Peace & Conflict Resolution, Cultural Diversity |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAF-301 | Corporate Accounting | Core | 4 | Issue of Shares & Debentures, Forfeiture & Reissue, Redemption of Preference Shares & Debentures, Buyback of Shares, Amalgamation, Internal Reconstruction |
| BAF-302 | Income Tax Law & Practice - I | Core | 4 | Basic Concepts of Income Tax, Residential Status & Tax Incidence, Income from Salaries, Income from House Property, Profits & Gains of Business or Profession |
| BAF-303 | Macro Economics | Core | 4 | National Income, Theory of Employment, Money & Banking, Inflation, Business Cycles, Open Economy Macroeconomics |
| BAF-304 | Organizational Behavior | Core | 4 | Introduction to OB, Individual Behavior, Group Behavior, Leadership, Motivation, Organizational Culture |
| BAF-305 | Banking and Insurance | Core | 4 | Commercial Banks, Central Bank, E-Banking, Types of Insurance, Principles of Insurance, Insurance Sector in India |
| BAF-306 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Concepts, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing |
| GE-1 | Generic Elective - 1 | Generic Elective | 2 | |
| SEC-3 | Financial Modeling with Excel | Skill Enhancement Course | 2 | Financial Functions, Data Tables, Goal Seek, Scenario Manager, Sensitivity Analysis, Project Valuation Models |
| VAC-3 | Emotional Intelligence | Value Added Course | 2 | Understanding Emotions, Self-Awareness, Self-Regulation, Motivation, Empathy, Social Skills |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAF-401 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Types of Audit, Audit Process, Internal Control, Audit Report, Corporate Governance |
| BAF-402 | Income Tax Law & Practice - II | Core | 4 | Capital Gains, Income from Other Sources, Clubbing of Income, Set-off & Carry Forward of Losses, Deductions from Gross Total Income, Assessment of Individuals |
| BAF-403 | Financial Management | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Working Capital Management, Dividend Decisions |
| BAF-404 | Human Resource Management | Core | 4 | Introduction to HRM, HR Planning, Recruitment & Selection, Training & Development, Performance Appraisal, Compensation Management |
| BAF-405 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Process, Business Plan, Sources of Finance, Government Policies for Entrepreneurship, Small Business Management |
| BAF-406 | Goods & Services Tax (GST) | Core | 4 | Introduction to GST, Levy & Collection of GST, Time & Value of Supply, Input Tax Credit, Registration under GST, Returns under GST |
| GE-2 | Generic Elective - 2 | Generic Elective | 2 | |
| SEC-4 | Business Analytics using Tableau | Skill Enhancement Course | 2 | Introduction to Tableau, Connecting Data, Data Preparation, Building Visualizations, Dashboards & Stories, Sharing Insights |
| VAC-4 | Ethics and Professionalism | Value Added Course | 2 | Ethical Theories, Business Ethics, Professional Ethics, Ethical Decision Making, Corporate Social Responsibility, Whistleblowing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAF-501 | Management Accounting | Core | 4 | Introduction to Management Accounting, Marginal Costing, Budgetary Control, Standard Costing, Variance Analysis, Fund Flow & Cash Flow Statements |
| BAF-502 | Computerized Accounting System (Practical) | Core | 4 | Introduction to Tally/ERP Software, Accounting Masters, Voucher Entry, Inventory Management, Payroll, Generating Reports |
| BAF-503 | International Business | Core | 4 | Nature of International Business, Theories of International Trade, Foreign Exchange Market, Global Financial Markets, Multinational Corporations, International Economic Organizations |
| BAF-504 | Investment Banking and Financial Services | Core | 4 | Introduction to Investment Banking, Merchant Banking, Project Finance, Mutual Funds, Lease Financing, Venture Capital |
| DSE-1A | Corporate Financial Reporting (DSE-1 Option A) | Discipline Specific Elective | 4 | Ind AS, Segment Reporting, Interim Financial Reporting, Related Party Disclosures, Consolidated Financial Statements |
| DSE-1B | Security Analysis and Portfolio Management (DSE-1 Option B) | Discipline Specific Elective | 4 | Investment Process, Financial Assets, Risk & Return, Security Valuation, Portfolio Theory, Portfolio Performance Evaluation |
| DSE-1C | Financial Derivatives (DSE-1 Option C) | Discipline Specific Elective | 4 | Futures Contracts, Forward Contracts, Options Contracts, Swaps, Hedging Strategies, Pricing of Derivatives |
| DSE-1D | International Financial Management (DSE-1 Option D) | Discipline Specific Elective | 4 | International Monetary System, Balance of Payments, Foreign Exchange Risk Management, International Capital Budgeting, International Working Capital Management |
| DSE-2A | Research Methodology (DSE-2 Option A) | Discipline Specific Elective | 4 | Introduction to Research, Research Design, Data Collection, Sampling, Data Analysis, Report Writing |
| DSE-2B | Financial Markets and Institutions (DSE-2 Option B) | Discipline Specific Elective | 4 | Money Market, Capital Market, Debt Market, Foreign Exchange Market, SEBI, RBI |
| DSE-2C | Project Management (DSE-2 Option C) | Discipline Specific Elective | 4 | Project Life Cycle, Project Planning, Project Scheduling, Project Costing, Project Risk Management, Project Monitoring & Control |
| DSE-2D | Rural and Agri Business (DSE-2 Option D) | Discipline Specific Elective | 4 | Rural Economy, Agricultural Marketing, Agri-Finance, Rural Entrepreneurship, Agri-Business Management, Challenges in Rural & Agri-Business |
| SEC-5 | Personal Financial Planning | Skill Enhancement Course | 2 | Financial Goal Setting, Budgeting, Investment Planning, Retirement Planning, Insurance Planning, Estate Planning |
| VAC-5 | Digital Fluency | Value Added Course | 2 | Digital Literacy, Online Safety, Digital Communication, Cloud Computing, Emerging Technologies, Digital Ethics |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAF-601 | Strategic Management | Core | 4 | Concept of Strategy, Strategic Analysis, Strategy Formulation, Strategy Implementation, Strategic Control, Corporate Social Responsibility |
| BAF-602 | Advanced Financial Management | Core | 4 | Valuation, Mergers & Acquisitions, Corporate Restructuring, Risk Management in Finance, International Capital Structure, Dividend Policy |
| BAF-603 | Portfolio Management and Investment Strategies | Core | 4 | Investment Avenues, Equity Valuation, Bond Valuation, Mutual Funds, Portfolio Construction, Performance Measurement |
| BAF-604 | Project Report & Viva-Voce | Core | 4 | Research Topic Selection, Data Collection & Analysis, Report Writing, Presentation Skills, Viva Voce Preparation |
| DSE-3A | Direct Tax Planning (DSE-3 Option A) | Discipline Specific Elective | 4 | Tax Planning vs. Tax Avoidance, Tax Planning for Individuals, Tax Planning for Firms, Tax Planning for Companies, Tax Incentives & Deductions |
| DSE-3B | Indirect Tax Planning (DSE-3 Option B) | Discipline Specific Elective | 4 | Tax Planning under GST, Input Tax Credit Planning, Export & Import under GST, Advance Ruling, E-way Bill |
| DSE-3C | International Accounting (DSE-3 Option C) | Discipline Specific Elective | 4 | International Accounting Standards, IFRS, Cross-Border Mergers, Consolidation of Foreign Subsidiaries, Transfer Pricing |
| DSE-3D | Wealth Management (DSE-3 Option D) | Discipline Specific Elective | 4 | Financial Planning Process, Investment Products, Risk Profiling, Estate Planning, Retirement Planning, Tax Efficient Investing |
| DSE-4A | Marketing of Financial Services (DSE-4 Option A) | Discipline Specific Elective | 4 | Introduction to Financial Services Marketing, Marketing Mix for Financial Services, Customer Relationship Management, Digital Marketing in Finance, Ethics in Financial Services Marketing |
| DSE-4B | Consumer Behavior in Financial Services (DSE-4 Option B) | Discipline Specific Elective | 4 | Understanding Consumer Behavior, Factors Influencing Financial Decisions, Consumer Decision Process, Market Research in Financial Services, Ethics & Consumer Protection |
| DSE-4C | Data Science for Finance (DSE-4 Option C) | Discipline Specific Elective | 4 | Introduction to Data Science, Python/R Basics, Data Collection & Cleaning, Exploratory Data Analysis, Predictive Modeling, Financial Applications of Data Science |
| DSE-4D | Fintech and Blockchain (DSE-4 Option D) | Discipline Specific Elective | 4 | Introduction to Fintech, Digital Payments, Peer-to-Peer Lending, Robo-Advisors, Blockchain Technology, Cryptocurrency, Regulatory Aspects of Fintech |
| SEC-6 | Business Research Project | Skill Enhancement Course | 2 | Problem Identification, Literature Review, Research Design, Data Analysis, Report Writing, Presentation |
| VAC-6 | Youth, Gender and Identity | Value Added Course | 2 | Youth & Society, Gender Concepts, Identity Formation, Socialization, Challenges & Opportunities for Youth, Role in Nation Building |
