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B-COM in Accounting at Kalinga Institute of Industrial Technology
Khordha, Odisha
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About the Specialization
What is Accounting at Kalinga Institute of Industrial Technology Khordha?
This Accounting specialization program at Kalinga Institute of Industrial Technology (KIIT) focuses on developing a strong foundation in financial principles, taxation, auditing, and corporate finance. It integrates traditional accounting practices with modern financial reporting standards relevant to the Indian industry. The program aims to equip students with analytical and technical skills essential for navigating complex financial landscapes, preparing them for diverse accounting roles in a rapidly evolving economy.
Who Should Apply?
This program is ideal for 10+2 graduates with an aptitude for numbers and a keen interest in business finance. It caters to freshers aspiring for entry-level accounting positions, those aiming for professional certifications like CA/CMA/ACCA, and individuals seeking a comprehensive understanding of financial operations. Students with a background in Commerce or Science with Mathematics are particularly well-suited for this rigorous and rewarding curriculum.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding careers as financial analysts, auditors, tax consultants, and management accountants in India. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience. The program aligns with the knowledge requirements for various professional certifications, enhancing career growth trajectories in top Indian and multinational companies. Students gain skills vital for corporate finance, public accounting, and entrepreneurial ventures.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Dedicate significant time to thoroughly understand fundamental financial accounting and business law concepts. Attend all lectures, actively participate in tutorials, and solve numerous practice problems from textbooks. Form study groups to discuss complex topics and clarify doubts, ensuring a strong conceptual base.
Tools & Resources
Textbooks (e.g., T.S. Grewal for Accounting), Official KIIT study materials, Online accounting tutorials on YouTube
Career Connection
A solid grasp of fundamentals is crucial for passing professional exams (CA/CMA) and for building advanced accounting skills required for entry-level finance roles.
Develop Foundational Computer Skills- (Semester 1-2)
Beyond theoretical knowledge, focus on practical application of computer tools relevant to business. Become proficient in MS Excel for data analysis, Tally for accounting, and presentation software. Take online courses or workshops to enhance these skills early on.
Tools & Resources
Microsoft Office Suite (Excel, PowerPoint), Tally ERP 9/Prime, Online courses (Coursera, Udemy) for Excel mastery
Career Connection
Strong computer proficiency, especially in Excel and Tally, makes you immediately employable in accounting departments and adds significant value to your resume for internships.
Engage in Academic and Peer Learning- (Semester 1-2)
Actively participate in classroom discussions, seek clarification from faculty, and engage in peer-to-peer learning. Join student clubs focused on commerce or finance. This fosters critical thinking and communication skills while deepening your understanding of diverse business perspectives.
Tools & Resources
KIIT Student Clubs (Commerce/Finance), Library resources and academic journals, Mentorship from senior students
Career Connection
Networking with peers and faculty can lead to collaborative projects, internship recommendations, and a broader understanding of career opportunities in the accounting field.
Intermediate Stage
Pursue Internships and Practical Exposure- (Semester 3-5)
Actively seek out internships during summer or winter breaks at local businesses, CA firms, or financial institutions. This hands-on experience in areas like taxation, auditing, or bookkeeping bridges the gap between theoretical knowledge and real-world application.
Tools & Resources
KIIT Career Services portal, LinkedIn, Internshala, Local CA firms
Career Connection
Internships provide invaluable industry exposure, build a professional network, and significantly enhance your resume, making you more competitive for placements and advanced studies.
Deep Dive into Taxation and Corporate Laws- (Semester 3-5)
Focus intently on understanding Income Tax, GST, and Corporate Law, as these are critical for accounting professionals in India. Stay updated with amendments and case studies. Consider specialized workshops or certification courses in these areas to gain an edge.
Tools & Resources
Taxmann publications, ICAI study materials, Online tax portals (e.g., incometax.gov.in), GSTN portal
Career Connection
Expertise in Indian taxation and corporate law is highly sought after by auditing firms, tax consultancies, and corporate finance departments, opening doors to specialized roles.
Develop Analytical and Problem-Solving Skills- (Semester 3-5)
Engage in case study analysis, financial modeling exercises, and participate in business quizzes or competitions. This sharpens your analytical acumen and ability to apply accounting principles to solve complex business problems. Focus on interpreting financial statements effectively.
Tools & Resources
Financial newspaper subscriptions (e.g., Economic Times), Case Study books, Online financial simulation games
Career Connection
Strong analytical and problem-solving skills are essential for roles in financial analysis, management consulting, and strategic planning within organizations.
Advanced Stage
Prepare for Professional Certifications- (Semester 6)
Start dedicated preparation for professional qualifications like CA, CMA, ACCA, or CS. Utilize the B.Com curriculum as a strong base and supplement with specific study materials and coaching classes. Plan your exam attempts strategically alongside your final year studies.
Tools & Resources
ICAI, ICMAI, ACCA official study materials, Reputable coaching institutes, Mock test series
Career Connection
Professional certifications are game-changers for career progression, leading to leadership roles, higher salaries, and global opportunities in accounting and finance.
Master Advanced Reporting & Auditing Standards- (Semester 6)
Focus on International Financial Reporting Standards (IFRS) and advanced auditing concepts. Understand their practical implications and differences from Indian GAAP. This prepares you for roles in multinational corporations and ensures a global perspective on financial reporting.
Tools & Resources
IFRS Foundation website, Auditing standards issued by ICAI, Industry reports and journals
Career Connection
Proficiency in IFRS and advanced auditing is crucial for roles in large accounting firms, internal audit departments of MNCs, and positions requiring international financial expertise.
Network and Engage in Placement Activities- (Semester 6)
Actively participate in campus placement drives, mock interviews, and resume building workshops organized by the college. Network with alumni and industry professionals through seminars and career fairs. Refine your communication and soft skills for interviews.
Tools & Resources
KIIT Placement Cell services, LinkedIn for networking, Glassdoor for company research, Interview preparation guides
Career Connection
Effective networking and placement preparation are vital for securing desirable job offers in leading companies, ensuring a smooth transition from academics to professional life.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 or its equivalent examination in any stream with at least 50% marks in aggregate with Mathematics/Business Mathematics/Economics/Statistics as one of the subjects.
Duration: 3 years / 6 semesters
Credits: 132 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCS101 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Multidisciplinary nature of environmental studies, Natural resources and associated problems, Ecosystems and energy flow, Biodiversity and its conservation, Environmental pollution causes and control, Social issues and the environment |
| BCC101 | Financial Accounting | Core Course (CC) | 6 | Introduction to Accounting Process, Accounting Standards and Principles, Preparation of Final Accounts, Bills of Exchange, Consignment and Joint Venture Accounts, Partnership Accounts |
| BCC102 | Business Law | Core Course (CC) | 6 | Indian Contract Act, 1872 (General Principles), Specific Contracts (Indemnity, Guarantee, Bailment, Agency), Sale of Goods Act, 1930, Limited Liability Partnership Act, 2008, Consumer Protection Act, 2019 |
| BCG101 | Business Organisation and Management | Generic Elective (GE) | 6 | Nature and Forms of Business Organization, Entrepreneurship and Management Process, Planning and Decision Making, Organizing, Staffing and Directing, Controlling and Coordination, Emerging Issues in Management |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCS201 | English / MIL | Ability Enhancement Compulsory Course (AECC) | 2 | Language and Communication Skills, Reading Comprehension, Writing Skills and Grammar, Presentation Techniques, Vocabulary Building |
| BCC201 | Corporate Accounting | Core Course (CC) | 6 | Accounting for Share Capital, Accounting for Debentures, Redemption of Preference Shares and Debentures, Amalgamation and Reconstruction of Companies, Liquidation of Companies, Valuation of Goodwill and Shares |
| BCC202 | Corporate Law | Core Course (CC) | 6 | Companies Act, 2013: Introduction and Types of Companies, Incorporation of a Company and Memorandum/Articles of Association, Shares and Share Capital, Company Meetings and Resolutions, Management and Administration of Companies, Dividends, Accounts, and Audit |
| BCG201 | Business Ethics and Social Responsibility | Generic Elective (GE) | 6 | Introduction to Business Ethics, Ethical Theories and Decision Making, Corporate Social Responsibility (CSR), Environmental Ethics and Sustainability, Ethics in Marketing and Finance, Governance and Ethical Leadership |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCE301 | E-Commerce | Skill Enhancement Course (SEC) | 4 | Introduction to E-Commerce, E-Commerce Business Models and Concepts, E-Payment Systems, E-Security and Privacy, E-Marketing and Advertising, Mobile Commerce and Social Commerce |
| BCC301 | Income-Tax Law & Practice | Core Course (CC) | 6 | Basic Concepts of Income Tax, Residential Status and Tax Liability, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources |
| BCC302 | Human Resource Management | Core Course (CC) | 6 | Introduction to Human Resource Management, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal and Compensation Management, Industrial Relations |
| BCG301 | Micro Economics | Generic Elective (GE) | 6 | Introduction to Microeconomics, Consumer Behavior and Demand Analysis, Production and Cost Analysis, Market Structures: Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly, Factor Pricing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCE401 | Computer Applications in Business | Skill Enhancement Course (SEC) | 4 | Word Processing and Spreadsheet Applications, Presentation Tools and Techniques, Database Management Systems (DBMS), Internet and E-Banking, Data Analysis and Reporting, Tally and Accounting Software Basics |
| BCC401 | Goods and Services Tax (GST) & Customs Law | Core Course (CC) | 6 | Introduction to Goods and Services Tax, Levy and Collection of GST, Input Tax Credit Mechanism, Registration, Accounts, and Records under GST, Payment of Tax, Returns, and Refunds, Introduction to Customs Law |
| BCC402 | Cost Accounting | Core Course (CC) | 6 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labour Costing, and Overheads, Job, Batch, and Contract Costing, Process Costing and Service Costing, Reconciliation of Cost and Financial Accounts |
| BCG401 | Macro Economics | Generic Elective (GE) | 6 | Introduction to Macroeconomics, National Income Accounting, Money and Banking, Inflation and Unemployment, Fiscal Policy and Monetary Policy, International Trade and Balance of Payments |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC501 | Management Accounting | Core Course (CC) | 6 | Nature and Scope of Management Accounting, Techniques of Management Accounting, Budgetary Control, Standard Costing and Variance Analysis, Marginal Costing and Break-Even Analysis, Capital Budgeting Decisions |
| BCC502 | Financial Management | Core Course (CC) | 6 | Introduction to Financial Management, Time Value of Money, Investment Decisions (Capital Budgeting), Financing Decisions (Capital Structure), Working Capital Management, Dividend Decisions |
| BCD501A | Principles of Auditing | Discipline Specific Elective (DSE) - Accounting Specialization | 6 | Introduction to Auditing, Audit Planning and Internal Control, Vouching and Verification, Company Audit, Audit Report and Certificates, Special Audits |
| BCD502A | Financial Reporting and Analysis | Discipline Specific Elective (DSE) - Accounting Specialization | 6 | Framework of Financial Reporting, Analysis of Financial Statements, Ratio Analysis and Trend Analysis, Cash Flow Statement (AS-3), Value Added Statement, Accounting for Mergers and Acquisitions |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC601 | Indian Financial System | Core Course (CC) | 6 | Overview of Indian Financial System, Financial Markets (Money Market and Capital Market), Financial Institutions (Banking and Non-Banking), SEBI and Regulatory Framework, Insurance Sector in India, Recent Developments in Indian Financial System |
| BCC602 | Fundamentals of Investment | Core Course (CC) | 6 | Introduction to Investment, Risk and Return Analysis, Equity Analysis and Valuation, Bond Analysis and Valuation, Mutual Funds and Derivatives, Portfolio Management |
| BCD601A | International Financial Reporting Standards (IFRS) | Discipline Specific Elective (DSE) - Accounting Specialization | 6 | Introduction to IFRS and IASB Framework, Convergence of Indian GAAP with IFRS, IFRS 1: First-time Adoption of IFRS, Key IFRS Standards (e.g., IAS 2 Inventories, IAS 16 PPE), IFRS for Small and Medium-sized Entities (SMEs), Global Financial Reporting Practices |
| BCD602A | Advanced Corporate Accounting | Discipline Specific Elective (DSE) - Accounting Specialization | 6 | Accounting for Financial Instruments, Business Combinations and Mergers, Consolidated Financial Statements, Accounting for Banking Companies, Accounting for Insurance Companies, Human Resource Accounting and Social Responsibility Reporting |
