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B-COM in Accounting And Business Law at Indore Kanya Degree Mahavidyalaya
Indore, Madhya Pradesh
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About the Specialization
What is Accounting and Business Law at Indore Kanya Degree Mahavidyalaya Indore?
This Accounting and Business Law program at Islamia Karimia Degree College, affiliated with DAVV, focuses on equipping students with a robust understanding of financial accounting principles, corporate finance, and the intricate legal framework governing business operations in India. It prepares students for a dynamic career in the Indian financial sector, offering a blend of theoretical knowledge and practical application essential for modern business. The program’s core strength lies in its comprehensive coverage of both financial regulatory compliance and accounting practices.
Who Should Apply?
This program is ideal for 10+2 graduates aspiring to build a career in finance, auditing, taxation, or corporate legal compliance. It caters to individuals seeking foundational knowledge for professional certifications like CA, CS, or CMA in India. Working professionals aiming to formalize their accounting and legal expertise or seeking roles in financial advisory firms within the Indian market will also find this specialization beneficial. A strong aptitude for numbers and logical reasoning is advantageous.
Why Choose This Course?
Graduates of this program can expect promising career paths in auditing firms, corporate finance departments, legal consultancies, and taxation services across India. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with experienced professionals earning significantly more. The program aligns well with foundational requirements for certifications like CA, CS, and CMA, fostering growth trajectories in prominent Indian and multinational corporations operating within the country.
Student Success Practices
Foundation Stage
Master Fundamental Accounting and Legal Concepts- (Semester 1-2)
Focus on building a strong foundation in Financial Accounting and Business Regulatory Framework. Thoroughly understand basic principles, journal entries, ledger postings, and key provisions of the Indian Contract Act. Regularly solve problems and case studies.
Tools & Resources
NCERT Accountancy textbooks (Class 11, 12), Taxmann''''s commentaries on Business Laws, Online tutorials from ICAI/ICSI for conceptual clarity
Career Connection
A solid grasp of fundamentals is critical for all higher-level accounting, auditing, and legal roles, forming the bedrock for professional exams like CA Foundation or CS Executive.
Enhance Business Communication Skills- (Semester 1-2)
Actively participate in group discussions, presentations, and mock interviews. Practice professional email writing and formal report structuring. Utilize college''''s language labs or communication workshops if available to refine English and Hindi business communication.
Tools & Resources
Grammarly, LinkedIn Learning courses on Business Communication, Toastmasters Club (if available locally)
Career Connection
Effective communication is paramount for client interaction, report writing, and leadership roles in finance and legal sectors, directly impacting placement success and career progression.
Develop Foundational Computer Literacy- (Semester 1-2)
Gain proficiency in MS Office applications, especially Excel for data management and basic calculations, and explore introductory concepts of E-Commerce. Understand cyber security basics relevant to online transactions and data protection.
Tools & Resources
Microsoft Office Specialist (MOS) certification resources, Free online courses on Excel (e.g., from Coursera, Udemy free trials), NPTEL lectures on Computer Fundamentals
Career Connection
Digital literacy is indispensable for modern accounting and business roles, facilitating efficient data handling, report generation, and adapting to computerized accounting systems.
Intermediate Stage
Engage with Advanced Accounting and Taxation Problems- (Semester 3-4)
Dive deep into Corporate Accounting, Cost Accounting, and Income Tax Law & Practice. Solve complex numerical problems regularly, focusing on practical application and adherence to Indian Accounting Standards. Seek faculty guidance for challenging concepts.
Tools & Resources
Previous year university question papers, Reference books by M.C. Shukla, S.P. Jain for Accounting, V.K. Singhania for Income Tax, Study groups for collaborative problem-solving
Career Connection
Proficiency in advanced accounting and tax computations directly translates to roles in tax consulting, corporate accounting, and financial analysis, a high-demand skill in Indian businesses.
Participate in Industry-Relevant Workshops and Seminars- (Semester 3-5)
Attend workshops on GST compliance, financial modeling, or specific business laws hosted by the college or professional bodies. Network with guest speakers and industry experts to understand current trends and challenges in Indian commerce.
Tools & Resources
College career cell announcements, Industry bodies like ICAI, ICSI, ICMAI local chapter events, Webinars on platforms like Zoom, Google Meet
Career Connection
Practical exposure and networking build industry awareness, leading to better internship opportunities and insights into specific job roles in the Indian financial and legal landscapes.
Cultivate Research and Analytical Skills- (Semester 3-5)
Actively engage in Research Methodology projects, focusing on data collection, analysis, and report writing. Utilize statistical tools learned to interpret business data. Develop critical thinking for analyzing business case studies and legal scenarios.
Tools & Resources
SPSS/R for statistical analysis (basic level), Access to college library''''s research databases, Economic Times, Business Standard for current business scenarios
Career Connection
Strong research and analytical skills are highly valued for roles in business intelligence, market research, financial planning, and academic pursuits, enhancing decision-making capabilities.
Advanced Stage
Gain Practical Experience through Internships and Projects- (Semester 5-6)
Undertake a compulsory project report in Semester 5 and seek internships in accounting firms, legal departments of companies, or financial institutions. Focus on applying theoretical knowledge to real-world tasks like audit assistance, tax filing, or contract review.
Tools & Resources
College placement cell for internship leads, LinkedIn for professional networking, Company websites for internship applications
Career Connection
Hands-on experience is crucial for placements, providing practical skills, industry contacts, and a clear understanding of corporate work culture, making graduates job-ready for Indian industries.
Prepare for Professional Certifications and Placements- (Semester 5-6)
Begin focused preparation for entrance exams of CA, CS, CMA, or MBA, integrating B.Com syllabus knowledge. Utilize the final year to polish interview skills, resume building, and participate in campus placement drives. Prepare thoroughly for the Comprehensive Viva-Voce.
Tools & Resources
Career guidance cells, Mock interview sessions, Online aptitude test platforms, Professional coaching institutes for specific exams
Career Connection
Targeted preparation enhances employability, secures better job offers in leading Indian companies, and provides a clear pathway for higher studies or professional accreditations.
Build a Professional Network and Stay Updated- (Semester 6)
Connect with alumni, faculty, and industry professionals. Follow key financial news, legal updates, and economic policies relevant to India. Engage in online forums or professional groups to exchange knowledge and explore emerging career opportunities.
Tools & Resources
LinkedIn, Professional associations (e.g., ICC, CII student chapters), Financial news apps (e.g., Livemint, ET markets)
Career Connection
A strong network opens doors to mentorship, job referrals, and staying informed about industry shifts, which is vital for long-term career growth and adaptability in the competitive Indian job market.
Program Structure and Curriculum
Eligibility:
- 10+2 (any stream) with a minimum of 45% marks from a recognized board (40% for SC/ST/OBC candidates as per Devi Ahilya Vishwavidyalaya norms).
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 101 | Financial Accounting | Core | 4 | Accounting Principles and Concepts, Journal and Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Branch and Departmental Accounts, Consignment and Joint Venture Accounts |
| B.C. 102 | Business Communication | Core | 4 | Nature and Scope of Business Communication, Methods of Communication, Types of Business Letters, Report Writing, Oral Communication Skills, Business Etiquettes |
| B.C. 103 | Business Regulatory Framework (Business Law) | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Partnership Act, 1932, Limited Liability Partnership Act, 2008 |
| B.C. 104 | Business Economics | Core | 4 | Nature and Scope of Business Economics, Demand Analysis and Forecasting, Production Analysis, Cost Analysis, Market Structures, Pricing Policies and Practices |
| B.C. 105 | Fundamentals of Entrepreneurship | Core | 4 | Concept and Role of Entrepreneurship, The Entrepreneurial Process, Creativity and Innovation, Business Idea Generation, Feasibility Analysis, Sources of Finance for Entrepreneurs |
| B.C. 106 | Environmental Studies | Foundation | 2 | Multidisciplinary Nature of Environmental Studies, Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Social Issues and the Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 201 | Corporate Accounting | Core | 4 | Issue and Forfeiture of Shares and Debentures, Redemption of Debentures, Company Final Accounts, Valuation of Goodwill and Shares, Amalgamation of Companies, Liquidation of Companies |
| B.C. 202 | Company Law | Core | 4 | Company Formation and Kinds of Companies, Memorandum and Articles of Association, Share Capital and Debentures, Management and Administration, Meetings and Resolutions, Winding Up of Companies |
| B.C. 203 | Marketing Management | Core | 4 | Nature and Scope of Marketing, Marketing Environment, Consumer Behavior, Product Decisions, Pricing Decisions, Promotion and Distribution Decisions |
| B.C. 204 | Indian Economy | Core | 4 | Basic Characteristics of Indian Economy, Agricultural Sector, Industrial Sector, Services Sector, Economic Reforms in India, Poverty, Unemployment, and Inequality |
| B.C. 205 | E-Commerce | Core | 4 | Introduction to E-Commerce, E-Commerce Business Models, E-Marketing, E-Payment Systems, E-Security Issues, Legal and Ethical Aspects of E-Commerce |
| B.C. 206 | Computer Fundamentals | Foundation | 2 | Introduction to Computers, Hardware and Software Concepts, Operating Systems, MS Office Applications (Word, Excel, PowerPoint), Internet and Web Browsers, Cyber Security Basics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 301 | Cost Accounting | Core | 4 | Nature and Scope of Cost Accounting, Elements of Cost, Material Cost Control, Labour Cost Control, Overhead Costing, Job, Batch and Contract Costing |
| B.C. 302 | Income Tax Law & Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Computation of Total Income and Tax |
| B.C. 303 | Organizational Behavior | Core | 4 | Introduction to Organizational Behavior, Foundations of Individual Behavior, Perception and Learning, Motivation, Group Dynamics and Team Building, Organizational Culture and Climate |
| B.C. 304 | Statistics for Business Decisions | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers, Time Series Analysis |
| B.C. 305 | Indian Accounting Standards | Elective (Discipline Specific - Accounting and Business Law) | 4 | Introduction to Accounting Standards, Framework for Preparation and Presentation of Financial Statements, Ind AS 1: Presentation of Financial Statements, Ind AS 2: Inventories, Ind AS 10: Events After the Reporting Period, Ind AS 16: Property, Plant and Equipment |
| B.C. 306 | Skill Development | Foundation | 2 | Communication Skills, Problem-Solving Skills, Decision Making Skills, Leadership Skills, Teamwork Skills, Time Management |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 401 | Auditing & Corporate Governance | Core | 4 | Nature and Scope of Auditing, Types of Audit, Internal Control System, Vouching and Verification, Audit Report, Corporate Governance Principles |
| B.C. 402 | Goods and Service Tax (GST) | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Registration under GST, GST Returns, GST Council and Administration |
| B.C. 403 | Human Resource Management | Core | 4 | Nature and Scope of HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| B.C. 404 | Research Methodology | Core | 4 | Introduction to Research, Research Design, Methods of Data Collection, Sampling Techniques, Data Analysis and Interpretation, Report Writing |
| B.C. 405 | Financial Management | Elective (Discipline Specific - Accounting and Business Law) | 4 | Nature and Scope of Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Leverage Analysis, Working Capital Management |
| B.C. 406 | Personality Development | Foundation | 2 | Concept of Personality, Self-Awareness and Self-Esteem, Attitude and Values, Interpersonal Skills, Stress Management, Goal Setting and Time Management |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 501 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow and Cash Flow Statements, Ratio Analysis, Budgetary Control, Standard Costing and Variance Analysis |
| B.C. 502 | Entrepreneurial Development | Core | 4 | Entrepreneurship and Economic Development, Theories of Entrepreneurship, Entrepreneurial Environment in India, Institutional Support to Entrepreneurs, Project Identification and Formulation, Small Scale Industries |
| B.C. 503 | Banking & Financial Services | Core | 4 | Indian Banking System, Commercial Banks, Reserve Bank of India, E-Banking and Digital Payments, Non-Banking Financial Companies (NBFCs), Mutual Funds and Insurance Services |
| B.C. 504 | Indian Financial System | Elective (Discipline Specific - Accounting and Business Law) | 4 | Structure of Indian Financial System, Financial Markets (Money and Capital Markets), Financial Instruments, Financial Institutions (Banks, NBFCs), Financial Regulators (RBI, SEBI), Recent Reforms in Indian Financial System |
| B.C. 505 | Investment Management | Open Elective | 4 | Concept of Investment, Investment Alternatives, Risk and Return Analysis, Security Analysis (Fundamental and Technical), Portfolio Management, Derivatives and Mutual Funds |
| B.C. 506 | Project Report | Project | 6 | Identification of Research Problem, Literature Review, Research Design and Methodology, Data Collection and Analysis, Report Writing and Presentation, Ethical Considerations in Research |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.C. 601 | Computerized Accounting System | Core | 4 | Introduction to Tally ERP.9, Company Creation and Configuration, Ledger Accounts and Grouping, Voucher Entry and Accounting Transactions, Inventory Management, Generating Financial Reports |
| B.C. 602 | Indirect Tax (Customs & Other Taxes) | Core | 4 | Customs Act, 1962, Valuation for Customs Duty, Excise Duty, Service Tax (Pre-GST Regime overview), Basic Concepts of State GST/VAT, Inter-State Tax Issues |
| B.C. 603 | International Marketing | Core | 4 | Nature and Scope of International Marketing, International Marketing Environment, Market Entry Strategies, International Product and Pricing Decisions, International Distribution Channels, International Promotion Strategies |
| B.C. 604 | International Business Environment | Elective (Discipline Specific - Accounting and Business Law) | 4 | Globalization and International Business, International Trade Theories, Balance of Payments, Foreign Exchange Market, International Economic Institutions (IMF, WTO), India''''s Foreign Trade Policy |
| B.C. 605 | Business Ethics | Open Elective | 4 | Introduction to Business Ethics, Ethical Theories and Decision Making, Corporate Social Responsibility, Ethical Dilemmas in Business, Ethics in Marketing and Finance, Environmental Ethics |
| B.C. 606 | Comprehensive Viva-Voce | Project | 6 | Overall understanding of B.Com curriculum, Knowledge of Accounting Principles, Understanding of Business Law Concepts, Economic and Business Environment Awareness, Analytical and Communication Skills, Application of Commerce knowledge to real-world scenarios |
