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B-COM in Professional Accounting at ISBC College of Arts, Science and Commerce
Bengaluru, Karnataka
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About the Specialization
What is Professional Accounting at ISBC College of Arts, Science and Commerce Bengaluru?
This Professional Accounting program at ISBC College focuses on equipping students with advanced accounting knowledge and skills relevant to the global financial landscape. Integrated with ACCA-UK, it offers a comprehensive curriculum designed to meet the demands of the Indian and international accounting industries. The program distinguishes itself by combining Bangalore University''''s robust B.Com framework with specialized professional modules, preparing graduates for complex financial roles. The industry demand for qualified accounting professionals in India, particularly those with global certifications, remains consistently high.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, auditing, and financial analysis roles in India. It is also suitable for commerce students aspiring for international accounting careers and professional certifications. Individuals with a strong aptitude for numbers, logical reasoning, and an interest in financial regulations and compliance will find this program rewarding. Specific prerequisites include a pass in 10+2 (PUC) with Commerce subjects, demonstrating foundational understanding.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as Chartered Accountants (after further certification), Financial Analysts, Auditors, Tax Consultants, and Management Accountants. Entry-level salaries typically range from INR 3.5 Lakhs to 6 Lakhs annually, with significant growth trajectories for experienced professionals, potentially reaching INR 15 Lakhs+ within 5-7 years. The program aligns well with achieving ACCA-UK professional qualifications, enhancing global employability and career progression in Indian and multinational companies.
Student Success Practices
Foundation Stage
Master Core Accounting Fundamentals- (Semester 1-2)
Diligently study Financial Accounting I & II and Business Statistics. Use textbooks, online tutorials (e.g., ICAI resources, Khan Academy), and practice problems daily. Focus on understanding concepts rather than rote learning, as a strong base is critical for advanced subjects and professional exams. Actively participate in class discussions and seek clarification for any doubts immediately.
Tools & Resources
ICAI Study Material, Khan Academy, Reference textbooks, Peer study groups
Career Connection
A solid understanding of accounting basics is the bedrock for any accounting career, ensuring you can interpret financial statements and build analytical skills, which are highly valued in entry-level finance and accounting positions.
Develop Digital Proficiency in Business- (Semester 1-2)
Beyond theoretical ''''Digital Fluency'''', aim for practical application. Utilize spreadsheet software like Microsoft Excel to solve business statistics problems and maintain simple ledgers. Explore basic accounting software demos online. This proactive approach will build essential tech skills vital for modern accounting and finance roles.
Tools & Resources
Microsoft Excel, Google Sheets, Tally ERP (demo versions), Online tutorials
Career Connection
Proficiency in digital tools, especially spreadsheets and accounting software, is non-negotiable for future accountants, making you highly employable and efficient in data handling and financial reporting.
Engage in Value-Added Learning & Communication- (Semester 1-2)
Actively participate in English language enhancement and communication workshops. Join debate clubs or presentation groups to refine your verbal and written communication. Focus on understanding the Indian Constitution and Environmental Studies for a well-rounded perspective. This holistic development enhances soft skills crucial for professional success.
Tools & Resources
Toastmasters International (local chapters), Online English grammar tools, Newspaper reading
Career Connection
Strong communication and a broad understanding of societal contexts differentiate you, aiding in professional interactions, client management, and effective teamwork in any corporate setting.
Intermediate Stage
Specialize through Professional Electives & Certifications- (Semesters 3-4)
Deep dive into Discipline Specific Electives like Advanced Financial Accounting and IFRS. Actively pursue ACCA module preparation alongside your degree. Join online courses or workshops on IFRS, costing, and management accounting to gain practical insights beyond the syllabus. This specialization makes your profile distinct.
Tools & Resources
ACCA learning providers, Kaplan/BPP study materials, Coursera/edX for accounting courses
Career Connection
Mastering specialized areas and pursuing professional certifications significantly boosts your appeal to recruiters for roles in corporate finance, international accounting, and auditing, setting you on a path to higher-earning positions.
Gain Hands-on Experience with Software and Data- (Semesters 3-4)
Take advantage of courses like Computerized Accounting (Tally) and Data Analytics for Business. Seek opportunities for mini-projects where you apply these tools to solve real-world business problems, perhaps by analyzing financial statements of local businesses or simulating accounting processes. This practical exposure is key.
Tools & Resources
Tally ERP Software, Microsoft Power BI (basic tutorials), Excel for advanced data analysis
Career Connection
Practical skills in accounting software and data analytics are highly sought after, enabling you to contribute immediately in roles requiring financial data management, analysis, and reporting within Indian businesses.
Network and Explore Industry Trends- (Semesters 3-4)
Attend webinars, seminars, and guest lectures organized by the college or professional bodies (e.g., ICAI, ACCA India chapters). Connect with faculty, alumni, and industry professionals on LinkedIn. Stay updated on current events in taxation (GST) and corporate governance in India, which will inform your DSE choices and future career path.
Tools & Resources
LinkedIn, ICAI/ACCA India events, Business newspapers like Economic Times, Business Standard
Career Connection
Building a professional network and staying current with industry trends can open doors to internships, mentorships, and future job opportunities, giving you an edge in the competitive Indian job market.
Advanced Stage
Excel in Specialized Accounting Practices- (Semesters 5-6)
Concentrate on advanced subjects like GST, Auditing and Assurance, Management Accounting, and Forensic Accounting. Aim to link theoretical knowledge with practical scenarios by analyzing case studies from Indian companies. Consider mock audits or tax filing exercises to strengthen practical application. This stage refines your professional acumen.
Tools & Resources
Taxmann publications, ICAI pronouncements on auditing, Case study databases
Career Connection
Proficiency in these advanced areas is crucial for roles as tax advisors, internal auditors, and fraud investigators, placing you in specialized and high-demand positions within the Indian financial ecosystem.
Undertake Impactful Projects & Internships- (Semester 6)
Engage diligently in your final year project or internship. Choose a topic aligned with your specialization (e.g., ''''Impact of GST on SMEs'''' or ''''Forensic Analysis of Financial Scams''''). Strive to deliver tangible outcomes and build a strong professional portfolio. A well-executed project demonstrates research, analytical, and problem-solving skills.
Tools & Resources
Industry mentors, Academic advisors, Research databases (JSTOR, EBSCO)
Career Connection
A strong internship and project experience are often direct pathways to placements, showcasing your ability to apply theoretical knowledge to real-world challenges, which is highly valued by Indian employers.
Master Interview Skills and Career Planning- (Semester 6)
Actively participate in placement cell activities. Prepare a professional resume highlighting your specialized skills, projects, and certifications. Practice common interview questions, group discussions, and aptitude tests. Focus on articulating your understanding of Indian accounting standards and economic policies. Develop a clear career plan for the next 3-5 years post-graduation.
Tools & Resources
College placement cell, Mock interview sessions, Online aptitude test platforms, Career counseling services
Career Connection
Effective interview skills and strategic career planning are essential for securing your desired job. Demonstrating a clear vision and relevant competencies directly impacts your ability to land lucrative offers from top companies in India.
Program Structure and Curriculum
Eligibility:
- Candidates who have completed two-year Pre-University Course of Karnataka State or equivalent are eligible for admission.
Duration: 3 years / 6 semesters
Credits: 160 Credits
Assessment: Internal: 30-40%, External: 60-70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ACCC 1.1 | Kannada/Hindi/Sanskrit/Other Language I | Ability Enhancement Compulsory Course (AECC) | 3 | Language Comprehension, Basic Grammar, Cultural Texts, Communication Skills, Literary Appreciation |
| ACCC 1.2 | English | Ability Enhancement Compulsory Course (AECC) | 3 | English Grammar, Reading Comprehension, Business Communication Basics, Writing Skills, Listening and Speaking |
| B.COM CA 1.1 | Financial Accounting I | Core | 4 | Accounting Concepts and Conventions, Journal and Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Rectification of Errors |
| B.COM CA 1.2 | Business Statistics | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| VAC 1.1 | Indian Constitution and Human Rights | Value Added Course (VAC) | 2 | Preamble and Features of Constitution, Fundamental Rights and Duties, Directive Principles of State Policy, Human Rights Concepts, Role of Judiciary |
| SEC 1.1 | Digital Fluency | Skill Enhancement Course (SEC) | 2 | Basics of Computer Systems, Internet and Web Browsing, Productivity Tools (MS Office), Cyber Security Basics, Digital Communication |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ACCC 2.1 | Kannada/Hindi/Sanskrit/Other Language II | Ability Enhancement Compulsory Course (AECC) | 3 | Advanced Language Skills, Literary Forms, Cultural Contexts, Creative Writing, Translation Practice |
| ACCC 2.2 | English | Ability Enhancement Compulsory Course (AECC) | 3 | Advanced English Grammar, Official Communication, Report Writing, Presentation Skills, Critical Reading |
| B.COM CA 2.1 | Financial Accounting II | Core | 4 | Departmental Accounts, Branch Accounts, Royalty Accounts, Hire Purchase and Installment Systems, Insolvency Accounts |
| B.COM CA 2.2 | Business Economics | Core | 4 | Demand Analysis, Production and Cost Analysis, Market Structures, Pricing Strategies, Business Cycles |
| VAC 2.1 | Environmental Studies | Value Added Course (VAC) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources, Sustainable Development, Environmental Ethics |
| SEC 2.1 | Entrepreneurship Development | Skill Enhancement Course (SEC) | 2 | Concept of Entrepreneurship, Business Plan Preparation, Funding for Startups, MSME Policies, Innovation and Creativity |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.COM CA 3.1 | Corporate Accounting I | Core | 4 | Company Accounts Basics, Issue of Shares and Debentures, Redemption of Debentures, Final Accounts of Companies, Valuation of Goodwill and Shares |
| B.COM CA 3.2 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labor Costing, Overheads, Job, Batch, and Contract Costing |
| B.COM CA 3.3 | Principles of Marketing | Core | 4 | Marketing Concepts, Marketing Environment, Market Segmentation, Product Life Cycle, Pricing Strategies |
| B.COM DSE ACC 3.1 | Advanced Financial Accounting | Discipline Specific Elective (Professional Accounting) | 4 | Amalgamation and Reconstruction, Consolidation of Accounts, Partnership Accounts (Advanced), Dissolution of Partnership, Accounting for Government Grants |
| OE 3.1 | Open Elective | Open Elective | 3 | |
| SEC 3.1 | Data Analytics for Business | Skill Enhancement Course (SEC) | 2 | Introduction to Data Analytics, Data Collection Methods, Data Visualization, Basic Statistical Tools, Business Reporting |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.COM CA 4.1 | Corporate Accounting II | Core | 4 | Accounting for Banking Companies, Insurance Companies Accounts, Amalgamation, Internal Reconstruction, Liquidation of Companies |
| B.COM CA 4.2 | Income Tax Law and Practice I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Liability, Income from Salaries, Income from House Property, Income from Business or Profession |
| B.COM CA 4.3 | Principles of Management | Core | 4 | Nature and Significance of Management, Planning and Decision Making, Organizing and Staffing, Directing and Motivation, Controlling Techniques |
| B.COM DSE ACC 4.1 | International Financial Reporting Standards (IFRS) | Discipline Specific Elective (Professional Accounting) | 4 | Introduction to IFRS, Conceptual Framework of IFRS, Presentation of Financial Statements (IAS 1), Inventories (IAS 2), Property, Plant, and Equipment (IAS 16) |
| OE 4.1 | Open Elective | Open Elective | 3 | |
| SEC 4.1 | Computerized Accounting (Tally) | Skill Enhancement Course (SEC) | 2 | Introduction to Tally ERP, Creating Company and Ledgers, Voucher Entries, Inventory Management, Generating Financial Reports |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.COM CA 5.1 | Goods and Services Tax (GST) | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, GST Procedure and Returns, Time and Value of Supply |
| B.COM CA 5.2 | Business Law | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Negotiable Instruments Act 1881, Consumer Protection Act 2019, Companies Act 2013 (Basics) |
| B.COM CA 5.3 | Auditing and Assurance | Core | 4 | Introduction to Auditing, Audit Planning and Documentation, Internal Control System, Vouching and Verification, Audit Report |
| B.COM DSE ACC 5.1 | Management Accounting | Discipline Specific Elective (Professional Accounting) | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow and Cash Flow Statements, Ratio Analysis, Marginal Costing and Break-Even Analysis |
| OE 5.1 | Open Elective | Open Elective | 3 | |
| SEC 5.1 | Financial Modeling using Spreadsheets | Skill Enhancement Course (SEC) | 2 | Introduction to Excel for Finance, Time Value of Money functions, Financial Statement Analysis in Excel, Building Basic Financial Models, Scenario Analysis |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| B.COM CA 6.1 | Strategic Management | Core | 4 | Strategic Management Process, Environmental Analysis, Strategy Formulation, Strategy Implementation, Strategic Control |
| B.COM CA 6.2 | Indian Accounting Standards | Core | 4 | Introduction to IND AS, Applicability of IND AS, IND AS 1: Presentation of Financial Statements, IND AS 10: Events after Reporting Period, Comparison with IFRS |
| B.COM CA 6.3 | Business Ethics and Corporate Social Responsibility | Core | 4 | Ethical Theories in Business, Corporate Governance, Environmental Ethics, CSR Initiatives in India, Stakeholder Management |
| B.COM DSE ACC 6.1 | Forensic Accounting and Auditing | Discipline Specific Elective (Professional Accounting) | 4 | Introduction to Forensic Accounting, Financial Fraud Schemes, Forensic Audit Techniques, Cyber Forensics, Legal Aspects of Fraud Investigation |
| OE 6.1 | Open Elective | Open Elective | 3 | |
| B.COM PRJ 6.1 | Project Work / Internship | Major Project | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Industry Application |
