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B-COM-F-T in Finance And Taxation at Holy Cross College of Management and Technology
Idukki, Kerala
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About the Specialization
What is Finance and Taxation at Holy Cross College of Management and Technology Idukki?
This Finance and Taxation program at Holy Cross College of Management and Technology focuses on providing a comprehensive understanding of financial management, accounting practices, and direct/indirect taxation within the Indian legal and economic framework. It equips students with the essential knowledge and skills required for professional roles in India''''s dynamic financial and tax compliance sectors, emphasizing practical relevance.
Who Should Apply?
This program is ideal for 10+2 graduates with a strong aptitude for numerical analysis and a keen interest in finance, accounting, and the intricacies of Indian tax regulations. It also serves individuals aspiring to build careers in corporate finance, auditing, tax consultancy, banking, or entrepreneurial ventures within the robust Indian economy.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths as tax consultants, financial analysts, accountants, auditors, or banking professionals across various Indian companies and institutions. Entry-level salaries typically range from INR 2.5-4 LPA, with significant growth opportunities. The curriculum also aligns well with foundations for professional certifications like CA, CS, and CMA in India.
Student Success Practices
Foundation Stage
Build Strong Accounting and Economic Fundamentals- (Semester 1-2)
Focus on mastering basic accounting principles, financial statement analysis, and core economic concepts taught in the initial semesters. Utilize textbooks, practice problems diligently, and participate in peer study groups to solidify understanding, which is crucial for advanced finance and tax subjects.
Tools & Resources
NCERT Commerce books for revision, ICAI study material (basics), Online accounting tutorials, College library resources
Career Connection
A strong foundation is essential for all finance roles, including tax, audit, and financial analysis, ensuring conceptual clarity for competitive exams and professional courses.
Develop Business Communication Skills- (Semester 1-2)
Actively participate in English language and communication courses. Focus on improving written and verbal communication through presentations, group discussions, and report writing. Join college clubs like debate or public speaking to enhance confidence and articulation.
Tools & Resources
Toastmasters International (if available), Online communication courses, Daily newspaper reading (e.g., The Hindu, Economic Times)
Career Connection
Effective communication is vital for client interaction, team collaboration, and professional presentations in finance and taxation roles, improving interview performance and workplace efficiency.
Explore Entry-Level Financial Software- (Semester 1-2)
Familiarize yourself with basic accounting software and spreadsheet tools early on. Take online tutorials for Tally ERP 9 (widely used in India) and advanced Excel functions. Understand their application in daily business transactions and data management.
Tools & Resources
Free Tally ERP 9 tutorials, Microsoft Excel official guides, YouTube channels for practical accounting software demonstrations
Career Connection
Basic software proficiency is a prerequisite for many junior accounting and finance roles in India, making graduates more job-ready.
Intermediate Stage
Engage with Costing and Corporate Accounting Applications- (Semester 3-5)
Apply theoretical knowledge from Cost Accounting and Corporate Accounting subjects to real-world case studies. Seek out internships or projects in small businesses or NGOs to gain practical exposure to financial reporting and cost control mechanisms.
Tools & Resources
Industry case studies (available online), Local CAs/tax practitioners for informal mentorship, Commerce departmental workshops
Career Connection
Practical application of costing and corporate accounting skills is highly valued in management accounting and corporate finance roles, directly enhancing employability.
Deep Dive into Income Tax Laws (Part 1) and Financial Markets- (Semester 3-5)
Pay special attention to Income Tax Law and Practice I, understanding its nuances with respect to Indian tax residents and non-residents. Simultaneously, grasp the functioning of Indian financial markets (stock, bond, forex) through online simulations or virtual trading platforms.
Tools & Resources
Income Tax Act guides, NSDL/CDSL websites, NSE/BSE India websites for market data, Virtual stock trading apps
Career Connection
Expertise in Indian tax laws is critical for roles in taxation and compliance. Knowledge of financial markets opens doors to investment banking and wealth management.
Participate in Skill Enhancement Workshops- (Semester 3-5)
Actively participate in college-organized workshops or external certificate courses on advanced Excel for finance, financial modeling basics, or data analytics tools relevant to commerce. These add-on skills are highly sought after by Indian employers.
Tools & Resources
Certifications from NIIT, Aptech, Online platforms like Udemy/Coursera for specific software skills
Career Connection
Enhances professional profile beyond the core curriculum, making candidates competitive for specialized roles in finance analytics and reporting.
Advanced Stage
Master Advanced Corporate Accounting and GST- (Semester 6)
Focus intensively on Advanced Corporate Accounting concepts and Goods and Services Tax (GST). Practice filing mock GST returns and understand complex corporate financial statements. Consider an internship in a CA firm or a corporate finance department.
Tools & Resources
GST portal, ICAI modules on GST, Advanced accounting software (demo versions like SAP FICO), Industry reports
Career Connection
GST expertise is a critical skill for almost all Indian businesses. Advanced accounting knowledge is vital for roles in auditing, financial control, and corporate finance.
Focus on Financial Management and Investment Strategies- (Semester 6)
Develop a strong grasp of financial management principles, capital budgeting, and investment strategies. Research current investment trends in India and analyze company financial health using real-time data.
Tools & Resources
Financial newspapers (Business Standard), Investment analysis tools (e.g., Screener.in), SEBI publications, NISM certifications
Career Connection
Prepares students for roles in financial planning, investment analysis, and portfolio management in the Indian financial sector.
Prepare for Placements and Professional Certifications- (Semester 6 and Post-Graduation Preparation)
Actively engage in campus placement activities, preparing a strong resume and practicing interview skills. Research and consider pursuing professional certifications like CA, CMA, CS, CFA, or NISM post-graduation, which are highly valued in India.
Tools & Resources
College placement cell, Mock interview platforms, Professional body websites (ICAI, ICSI, ICMAI, NISM) for course details
Career Connection
Direct path to securing employment or pursuing higher professional qualifications, ensuring a structured career trajectory.
Program Structure and Curriculum
Eligibility:
- Pass in Plus Two / equivalent examination with Commerce subjects or other subjects recognized by M.G. University.
Duration: 6 semesters / 3 years
Credits: 128 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CCT01 | English I | Common Course | 4 | Grammar and Usage, Reading Comprehension, Paragraph Writing, Formal Correspondence, Speaking Skills |
| ML1CCT01 | Additional Language I (e.g., Malayalam/Hindi) | Common Course | 4 | Language Fundamentals, Grammar, Short Stories, Poetry, Translation |
| BC1CMT01 | Essentials of Economics | Complementary | 4 | Introduction to Economics, Demand and Supply, Production Analysis, Market Structures, National Income |
| BC1CMT02 | Marketing Management | Complementary | 4 | Introduction to Marketing, Marketing Environment, Product and Pricing, Distribution Channels, Promotion Strategies |
| BC1CRT01 | Business Regulatory Framework | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Negotiable Instruments Act 1881, Consumer Protection Act 1986, Competition Act 2002 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CCT02 | English II | Common Course | 4 | Literary Analysis, Advanced Essay Writing, Report Writing, Public Speaking, Cultural Studies |
| ML2CCT02 | Additional Language II (e.g., Malayalam/Hindi) | Common Course | 4 | Advanced Grammar, Essays, Literary Criticism, Translation Practice, Communication Skills |
| BC2CMT03 | Quantitative Techniques for Business | Complementary | 4 | Mathematics for Business, Statistics for Business, Measures of Central Tendency, Probability, Correlation and Regression |
| BC2CMT04 | Corporate Regulations | Complementary | 4 | Company Law Fundamentals, Formation of Company, Management and Administration, Meetings and Resolutions, Winding Up of Company |
| BC2CRT02 | Advanced Financial Accounting | Core | 4 | Partnership Accounts, Dissolution of Partnership, Amalgamation and Reconstruction, Insolvency Accounts, Branch Accounts |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN3CCT03 | English III | Common Course | 4 | Professional Communication, Business Etiquette, Job Application Skills, Interview Techniques, Negotiation Skills |
| BC3CMT05 | Entrepreneurship Development | Complementary | 4 | Concept of Entrepreneurship, Entrepreneurial Environment, Project Identification, Business Plan Preparation, Funding for Startups |
| BC3CMT06 | Financial Markets and Services | Complementary | 4 | Indian Financial System, Money Market, Capital Market, Financial Services, SEBI Regulations |
| BC3FNT01 | Banking and Financial Services | Core - Specialization | 4 | Commercial Banking, Central Banking, E-Banking, Mutual Funds, Insurance Services |
| BC3CRT03 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labor Costing, Overhead Costing, Process Costing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN4CCT04 | English IV | Common Course | 4 | Advanced Writing, Research Skills, Critical Thinking, Creative Writing, Professional Document Design |
| BC4CMT07 | Principles of Business Decisions | Complementary | 4 | Decision Making Process, Risk Analysis, Forecasting Techniques, Investment Decisions, Pricing Decisions |
| BC4CMT08 | Business Research Methods | Complementary | 4 | Introduction to Research, Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Interpretation |
| BC4FNT02 | Income Tax Law and Practice I | Core - Specialization | 4 | Introduction to Income Tax, Residential Status, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| BC4CRT04 | Corporate Accounting | Core | 4 | Issue of Shares and Debentures, Redemption of Debentures, Final Accounts of Companies, Valuation of Shares and Goodwill, Cash Flow Statements |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC5CRT05 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow Statement, Ratio Analysis, Budgetary Control |
| BC5CRT06 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Internal Control, Vouching and Verification, Audit Report |
| BC5CRT07 | Computerised Accounting | Core | 4 | Introduction to Computerised Accounting, Tally ERP, Creation of Company, Voucher Entry, Report Generation |
| BC5FNT03 | Financial Management | Core - Specialization | 4 | Introduction to Financial Management, Capital Structure Decisions, Leverages, Dividend Decisions, Working Capital Management |
| BC5FNT04 | Capital Market and Investment Management | Core - Specialization | 4 | Primary and Secondary Markets, Stock Exchanges, Investment Alternatives, Risk and Return, Portfolio Management |
| BC5ECT01 | Elective Course I (e.g., International Business) | Elective | 4 | Introduction to Global Business, International Trade Theories, Foreign Exchange Market, International Financial Institutions, Global Marketing Strategies |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC6CRT08 | Advanced Corporate Accounting | Core | 4 | Consolidated Financial Statements, Banking Companies Accounts, Insurance Companies Accounts, Holding Company Accounts, Reorganization of Companies |
| BC6CRT09 | Management and Cost Control | Core | 4 | Standard Costing, Variance Analysis, Marginal Costing, Cost Volume Profit Analysis, Decision Making Techniques |
| BC6CRT10 | Business Ethics and Corporate Governance | Core | 4 | Introduction to Business Ethics, Ethical Decision Making, Corporate Social Responsibility, Corporate Governance Principles, Role of Board of Directors |
| BC6FNT05 | Income Tax Law and Practice II | Core - Specialization | 4 | Capital Gains, Income from Other Sources, Deductions from Gross Total Income, Assessment of Individuals, Computation of Tax Liability |
| BC6FNT06 | Goods and Services Tax (GST) | Core - Specialization | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Registration and Returns, GST Council and Administration |
| BC6PRT01 | Project and Viva Voce | Core | 4 | Research Project Formulation, Data Analysis, Report Writing, Presentation Skills, Viva Voce Examination |
