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BACHELOR-OF-COMMERCE in Financial Accounting at Janata Shikshana Sangha's Shri Tammannappa Chikodi Arts & Commerce College, Banahatti
Bagalkot, Karnataka
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About the Specialization
What is Financial Accounting at Janata Shikshana Sangha's Shri Tammannappa Chikodi Arts & Commerce College, Banahatti Bagalkot?
This Financial Accounting program at Janata Shikshan Sangha''''s Shree Tammannappa Chikodi Arts and Commerce College, Banahatti focuses on equipping students with a robust understanding of accounting principles, practices, and financial reporting crucial for the Indian business landscape. It covers everything from basic bookkeeping to advanced corporate and management accounting, aligned with the latest National Education Policy (NEP) guidelines and the demands of India''''s evolving financial sector.
Who Should Apply?
This program is ideal for 10+2 graduates with a strong aptitude for numbers and financial concepts, aspiring to build a career in accounting, finance, or taxation. It also caters to individuals seeking to enter roles such as accountants, auditors, financial analysts, or tax consultants in various Indian industries. No specific prior professional experience is required, but a foundational understanding of commerce is beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue diverse career paths in India, including roles in accounting firms, corporate finance departments, banks, and government sectors. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with significant growth potential for experienced professionals. The curriculum also prepares students for professional certifications like CA, CMA, and CS, enhancing their career prospects in the competitive Indian market.
Student Success Practices
Foundation Stage
Master Core Accounting Concepts- (Semester 1-2)
Focus rigorously on understanding fundamental accounting principles, journal entries, ledger posting, and preparation of basic financial statements. Utilize textbooks and online tutorials for conceptual clarity, building a strong base for advanced subjects.
Tools & Resources
Tally.ERP 9 (for practical exposure), Khan Academy''''s accounting lessons, ICAI study materials (for basic concepts)
Career Connection
Strong foundational knowledge is crucial for all future accounting roles, excelling in competitive exams, and building a solid professional career.
Develop Digital Fluency and Spreadsheet Skills- (Semester 1-2)
Actively participate in Digital Fluency courses. Learn to use Microsoft Excel extensively for data entry, calculations, financial modeling, and basic analysis, which are indispensable skills in modern accounting.
Tools & Resources
Microsoft Excel tutorials, online courses on data analysis in Excel, college computer labs
Career Connection
Essential for efficiency in modern accounting practices, data management, and a basic requirement for most finance and accounting jobs in India.
Engage in Peer Learning and Group Study- (Semester 1-2)
Form study groups to discuss complex topics like consignment and joint venture accounts. Teach concepts to peers to solidify your own understanding and prepare effectively for internal and external assessments.
Tools & Resources
College library resources, dedicated study spaces, online collaborative tools
Career Connection
Enhances problem-solving skills, communication, and teamwork – highly valuable attributes for professional environments and group projects.
Intermediate Stage
Practical Application through Case Studies and Projects- (Semester 3-5)
Seek out opportunities to work on mini-projects or case studies related to corporate accounting, cost accounting, and income tax. Apply theoretical knowledge to real-world scenarios to understand practical implications.
Tools & Resources
Business news articles, company annual reports, online accounting case study platforms
Career Connection
Bridges the gap between academic learning and practical industry requirements, making you more employable and adept at problem-solving.
Build Financial Analysis Skills- (Semester 4-5)
Focus intently on subjects like Accounting for Business Decisions. Practice financial statement analysis, ratio analysis, and cash flow statements using financial data of Indian companies to gain practical insights.
Tools & Resources
Moneycontrol.com, NSE/BSE websites for company data, investing.com, financial news portals
Career Connection
Develops strong analytical skills highly valued in roles such as financial analyst, equity research associate, and corporate finance specialist.
Network and Attend Industry Webinars- (Semester 3-5)
Connect with faculty, seniors, and professionals through college events, LinkedIn, or industry webinars. Attend online workshops on emerging topics like GST, advanced Tally, or accounting software applications.
Tools & Resources
LinkedIn, industry associations (e.g., ICAI student chapters), webinar platforms
Career Connection
Opens doors to internship opportunities, mentorship, and provides valuable insights into current industry trends and career paths.
Advanced Stage
Targeted Professional Certification Preparation- (Semester 6)
Begin focused preparation for professional certifications like CA Foundation/Intermediate, CMA, or NISM modules. Utilize study materials and mock tests alongside your final year subjects to enhance your professional qualifications.
Tools & Resources
ICAI study modules, CMA study guides, NISM certification courses, coaching institutes
Career Connection
Significantly enhances employability, provides specialized knowledge, and opens up fast-tracked career paths in accounting and finance.
Excel in Project Work and Internships- (Semester 6)
Approach the mandatory project work or internship with utmost seriousness. Select a relevant topic in Financial Accounting, Management Accounting, or IFRS to gain practical experience and build a strong project report.
Tools & Resources
Company specific data, industry reports, mentor guidance, academic journals
Career Connection
Provides real-world experience, a strong resume builder, and can often lead to pre-placement offers or valuable professional contacts.
Master Advanced Accounting and Tax Concepts- (Semester 6)
Deepen understanding of International Financial Reporting Standards (IFRS), Goods and Service Tax (GST), and advanced management accounting techniques. Practice complex problem-solving rigorously to prepare for job interviews and higher studies.
Tools & Resources
Official IFRS standards, GST Council website, tax journals, advanced accounting textbooks
Career Connection
Equips graduates with specialized, in-demand knowledge for roles in international accounting, taxation, financial strategy, and advanced corporate finance.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 or equivalent examination from a recognized board/pre-university (as per NEP guidelines for B.Com programs in Karnataka)
Duration: 3 years (6 semesters)
Credits: 160 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-DSC1.1 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Principles, Accounting Cycle, Journal and Ledger, Trial Balance, Final Accounts of Sole Proprietorship |
| COM-DSC1.2 | Business Economics | Core | 4 | Nature and Scope of Business Economics, Demand Analysis, Elasticity of Demand, Production Function, Cost Analysis, Market Structures |
| AECC1.1 | Indian Constitution | Ability Enhancement Compulsory Course (AECC) | 2 | Historical Background of Indian Constitution, Preamble and Fundamental Rights, Directive Principles of State Policy, Union and State Legislature, Judiciary |
| SEC1.1 | Digital Fluency | Skill Enhancement Course (SEC) | 2 | Fundamentals of Computers, Operating Systems, Microsoft Office Suite, Internet and E-mail, Cyber Security Basics |
| L1 | Kannada / Other Indian Language | Language | 3 | Basic Grammar, Reading Comprehension, Composition, Cultural Aspects |
| L2 | English | Language | 3 | Communication Skills, Grammar and Usage, Writing Skills, Reading Literary Texts, Functional English |
| OE1.1 | Open Elective - I | Open Elective | 6 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-DSC2.1 | Financial Accounting - II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Branch Accounts, Departmental Accounts, Hire Purchase System, Installment Payment System |
| COM-DSC2.2 | Business Statistics | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers, Time Series Analysis |
| AECC2.1 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Ecosystems, Biodiversity and Conservation, Environmental Pollution, Natural Resources, Environmental Legislation |
| SEC2.1 | Entrepreneurship Development | Skill Enhancement Course (SEC) | 2 | Concept of Entrepreneurship, Role of Entrepreneurs in Economic Development, Small Business Management, Business Plan Preparation, Institutional Support to Entrepreneurs |
| L3 | Kannada / Other Indian Language | Language | 3 | Advanced Grammar, Literary Appreciation, Official Correspondence, Translation |
| L4 | English | Language | 3 | Business Communication, Report Writing, Presentation Skills, Advanced Grammar, Literary Criticism |
| OE2.1 | Open Elective - II | Open Elective | 6 |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-DSC3.1 | Corporate Accounting | Core | 4 | Issue of Shares and Debentures, Forfeiture and Reissue of Shares, Redemption of Preference Shares, Redemption of Debentures, Underwriting of Shares, Valuation of Goodwill and Shares |
| COM-DSC3.2 | Income Tax - I | 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 |
| SEC3.1 | E-Commerce | Skill Enhancement Course (SEC) | 2 | Introduction to E-Commerce, Business Models in E-Commerce, E-Payment Systems, E-Security, Digital Marketing |
| L5 | Kannada / Other Indian Language | Language | 3 | |
| L6 | English | Language | 3 | |
| OE3.1 | Open Elective - III | Open Elective | 6 |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-DSC4.1 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Concepts and Classification, Elements of Cost, Cost Sheet, Material Costing, Labour Costing, Overhead Costing |
| COM-DSC4.2 | Income Tax - II | Core | 4 | Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Deductions from Gross Total Income, Computation of Total Income and Tax Liability |
| SEC4.1 | Financial Markets and Services | Skill Enhancement Course (SEC) | 2 | Indian Financial System, Money Market, Capital Market, SEBI, Financial Services (Merchant Banking, Leasing) |
| L7 | Kannada / Other Indian Language | Language | 3 | |
| L8 | English | Language | 3 | |
| OE4.1 | Open Elective - IV | Open Elective | 6 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-DSC-MAJOR-V.1 | Advanced Financial Accounting | Major Core (Financial Accounting) | 4 | Partnership Accounts (Admission, Retirement, Death), Dissolution of Partnership Firm, Amalgamation of Firms, Accounting for Non-Profit Organizations, Human Resource Accounting |
| COM-DSC-MAJOR-V.2 | Accounting for Business Decisions | Major Core (Financial Accounting) | 4 | Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Marginal Costing, Budgetary Control |
| COM-DSE-V.1 | Auditing | Discipline Specific Elective (Financial Accounting) | 3 | Introduction to Auditing, Types of Audit, Audit Planning and Control, Vouching and Verification, Audit Report, Internal Control System |
| COM-DSE-V.2 | International Financial Reporting Standards (IFRS) | Discipline Specific Elective (Financial Accounting) | 3 | Introduction to IFRS, Conceptual Framework for Financial Reporting, Presentation of Financial Statements (IAS 1), Inventories (IAS 2), Property, Plant and Equipment (IAS 16), Revenue from Contracts with Customers (IFRS 15) |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| COM-DSC-MAJOR-VI.1 | Management Accounting | Major Core (Financial Accounting) | 4 | Nature and Scope of Management Accounting, CVP Analysis, Standard Costing, Variance Analysis, Capital Budgeting Decisions, Responsibility Accounting |
| COM-DSC-MAJOR-VI.2 | Strategic Financial Management | Major Core (Financial Accounting) | 4 | Introduction to Strategic Financial Management, Capital Structure Decisions, Working Capital Management, Dividend Decisions, Mergers and Acquisitions, Risk Management |
| COM-DSE-VI.1 | Goods and Service Tax (GST) | Discipline Specific Elective (Financial Accounting) | 3 | Introduction to GST Law, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration under GST, GST Returns |
| COM-DSE-VI.2 | Corporate Governance and Business Ethics | Discipline Specific Elective (Financial Accounting) | 3 | Concept of Corporate Governance, Mechanisms of Corporate Governance, Role of Board of Directors, Business Ethics, Social Responsibility of Business, Whistle-blowing |
| COM-PROJ6.1 | Project Work / Internship | Project | 3 | Project Identification, Literature Review, Data Collection and Analysis, Report Writing, Presentation and Viva-Voce |
