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B-COM-HONOURS in Accounting And Finance at Karim City College
East Singhbhum, Jharkhand
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About the Specialization
What is Accounting and Finance at Karim City College East Singhbhum?
This Accounting and Finance program at Karim City College, under Kolhan University''''s CBCS framework, focuses on equipping students with essential financial and accounting knowledge. The curriculum is designed to meet the growing demand for skilled professionals in India''''s dynamic economic landscape, covering core concepts, legal frameworks, and practical applications relevant to the Indian industry. It aims to develop analytical and problem-solving skills crucial for financial roles.
Who Should Apply?
This program is ideal for fresh graduates from commerce backgrounds seeking entry into accounting, finance, or taxation roles. It also suits individuals aspiring to pursue professional qualifications like CA, CS, or CMA by building a strong theoretical foundation. Career changers or those looking to upskill in financial domain will find the comprehensive curriculum beneficial, especially with its emphasis on Indian tax laws and financial markets.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths in areas like corporate accounting, auditing, taxation, financial analysis, and banking. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential reaching INR 7-10 LPA or more for experienced professionals in Indian companies. The program also provides a solid base for pursuing higher education or various professional certifications in the financial domain.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals- (Semester 1-2)
Dedicating significant time to understanding basic accounting principles, double-entry system, and financial statement preparation is crucial. Utilize textbook examples, practice problems, and online tutorials regularly to solidify your grasp. Form study groups to discuss complex topics.
Tools & Resources
Accounting textbooks (e.g., T.S. Grewal), Institute of Chartered Accountants of India (ICAI) study material for foundational concepts, YouTube tutorials for visual learning
Career Connection
A strong foundation in financial accounting is indispensable for any role in accounting, auditing, or financial analysis, directly impacting interview performance and initial job responsibilities.
Develop Quantitative Aptitude- (Semester 1-2)
Regularly practice problems from Business Mathematics and Statistics. Focus on understanding the application of formulas rather than rote memorization. Engage with quantitative puzzles and logical reasoning to enhance problem-solving speed and accuracy, vital for entrance exams and job tests.
Tools & Resources
RS Aggarwal for Quantitative Aptitude, Online platforms like IndiaBix for practice quizzes, Khan Academy for conceptual clarity
Career Connection
Many competitive exams for banking, finance, and government jobs require strong quantitative skills. This practice directly prepares you for such assessments and analytical roles.
Build Communication Skills- (Semester 1-2)
Actively participate in group discussions, presentations, and debates during AECC courses and other classes. Focus on articulating thoughts clearly, both verbally and in writing. Reading business newspapers and magazines will also enhance your vocabulary and general awareness.
Tools & Resources
Toastmasters International (if available in city), Online English grammar and vocabulary resources, Economic Times, Business Standard newspapers
Career Connection
Effective communication is a soft skill highly valued by employers across all sectors, crucial for client interactions, team collaboration, and professional growth.
Intermediate Stage
Gain Practical Software Proficiency (Tally/GST)- (Semester 3-4)
Beyond theoretical knowledge, actively seek hands-on training with accounting software like Tally.ERP 9 and practical application of GST laws. Look for short-term certification courses or workshops to gain practical exposure to computerized accounting and tax compliance. Even mock entries are valuable.
Tools & Resources
Tally Education Partner courses, GSTN portal for practical understanding, Local coaching institutes for hands-on software training
Career Connection
Proficiency in accounting software and tax compliance is a core requirement for almost all entry-level accounting and finance positions in India, significantly boosting employability.
Undertake Mini Projects & Internships- (Semester 3-5 (during breaks))
Seek out short internships during breaks with local CAs, tax consultants, or small businesses to understand real-world accounting and taxation processes. Initiate mini-projects, like creating a hypothetical business''''s financial statements or a tax computation, to apply classroom knowledge.
Tools & Resources
College career cell for internship leads, Networking with local professionals, Online platforms like LinkedIn for opportunities
Career Connection
Practical experience, even in short stints, provides invaluable industry exposure, builds a professional network, and makes your resume stand out in a competitive job market.
Participate in Academic Competitions- (Semester 3-5)
Engage in inter-college quizzes, debate competitions, case study challenges, or paper presentations related to finance, economics, or business. This not only hones your knowledge but also develops critical thinking, teamwork, and presentation skills.
Tools & Resources
College notice boards for competition announcements, Professional student clubs (e.g., Commerce Club), Online business news for relevant topics
Career Connection
Such participation demonstrates initiative, leadership potential, and specialized knowledge, which are highly regarded by recruiters during placements.
Advanced Stage
Intensive Placement Preparation- (Semester 5-6)
Focus on comprehensive revision of all core subjects, especially Financial Management, Auditing, and Taxation. Practice aptitude tests, group discussions, and mock interviews rigorously. Prepare a compelling resume tailored to target roles and companies. Research potential employers thoroughly.
Tools & Resources
College placement cell resources, Online aptitude test platforms (e.g., PrepInsta, FacePrep), Mock interview sessions with faculty/mentors
Career Connection
Dedicated and strategic preparation is directly linked to securing desirable placements in top accounting firms, banks, and financial institutions.
Explore Professional Certifications- (Semester 5-6)
Begin exploring foundational professional certifications like NISM certifications for capital markets, Tally certification, or introductory courses for CA/CS/CMA. This demonstrates specialized interest and enhances your profile for specific industry roles.
Tools & Resources
NISM certification portal, ICAI/ICSI/ICMAI websites for course details, Coursera/edX for introductory finance courses
Career Connection
Certifications signal a commitment to a specific career path and provide a competitive edge, often leading to better job opportunities and higher starting salaries.
Network and Seek Mentorship- (Semester 5-6)
Actively network with alumni, guest lecturers, and professionals in the accounting and finance industry, both online via LinkedIn and offline at industry events. Seek out mentors who can provide guidance on career paths, industry trends, and professional development in the Indian context.
Tools & Resources
LinkedIn for professional networking, College alumni association events, Industry seminars and webinars
Career Connection
Networking opens doors to hidden job opportunities, valuable insights, and mentorship, which are crucial for long-term career growth and navigating the Indian job market.
Program Structure and Curriculum
Eligibility:
- Intermediate with 45% Marks in aggregate (as per Karim City College general eligibility for B.Com Hons)
Duration: 6 Semesters / 3 Years
Credits: 148 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC1 | Financial Accounting I | Core | 6 | Accounting Principles and Standards, Final Accounts of Sole Proprietorship, Accounting for Not-for-Profit Organizations, Consignment and Joint Venture Accounts, Branch and Departmental Accounts |
| CC2 | Business Law | Core | 6 | Indian Contract Act 1872, Special Contracts (Indemnity, Guarantee, Bailment, Pledge), Sale of Goods Act 1930, Limited Liability Partnership Act 2008, Consumer Protection Act 1986 |
| GE1 | Principles of Microeconomics | General Elective | 6 | Basic Economic Problems, Consumer Behavior, Production and Costs, Market Structures (Perfect, Monopoly, Oligopoly), Factor Pricing |
| AECC1 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Ecosystems and Biodiversity, Natural Resources, Environmental Pollution, Social Issues and the Environment, Environmental Ethics and Legislation |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC3 | Financial Accounting II | Core | 6 | Accounting for Hire Purchase, Installment Payment System, Accounting for Lease, Royalty Accounts, Insolvency Accounts |
| CC4 | Business Mathematics | Core | 6 | Matrices and Determinants, Ratio, Proportion and Percentage, Linear Equations, Calculus (Differentiation and Integration), Financial Mathematics (Interest, Annuities) |
| GE2 | Principles of Macroeconomics | General Elective | 6 | National Income Accounting, Money and Banking, Inflation and Unemployment, Open Economy Macroeconomics, Government Budget and Fiscal Policy |
| AECC2 | Communicative English / MIL | Ability Enhancement Compulsory Course | 4 | Basic Language Skills, Grammar and Vocabulary, Writing Skills (Reports, Emails), Oral Communication, Business Correspondence |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC5 | Corporate Accounting I | Core | 6 | Issue and Forfeiture of Shares, Issue of Debentures, Redemption of Preference Shares, Redemption of Debentures, Financial Statements of Companies |
| CC6 | Income Tax Law & Practice | Core | 6 | Basic Concepts of Income Tax, Computation of Total Income, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| CC7 | Management Principles & Application | Core | 6 | Nature and Scope of Management, Planning and Decision Making, Organizing, Staffing and Directing, Controlling |
| GE3 | Indian Economy | General Elective | 6 | Basic Characteristics of Indian Economy, Planning and Economic Reforms, Agriculture and Industry, Poverty, Unemployment, and Inequality, Foreign Trade and Globalization |
| SEC1 | Digital Marketing / E-Commerce | Skill Enhancement Course | 4 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Social Media Marketing, Email Marketing, E-Commerce Business Models |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC8 | Corporate Accounting II | Core | 6 | Amalgamation of Companies, Absorption and Reconstruction, Valuation of Goodwill and Shares, Accounting for Banking Companies, Accounting for Insurance Companies |
| CC9 | Cost Accounting | Core | 6 | Introduction to Cost Accounting, Cost Sheet and Cost Records, Material Costing, Labour Costing, Overhead Costing |
| CC10 | Business Statistics | Core | 6 | Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers and Time Series |
| GE4 | Public Finance / Economic History of India | General Elective | 6 | Role of Government in Economy, Public Expenditure and Revenue, Fiscal Policy, Public Debt, Economic Development of India |
| SEC2 | Computerized Accounting System / Entrepreneurship Development | Skill Enhancement Course | 4 | Fundamentals of Computerized Accounting, Tally.ERP 9 (Basic Operations), Data Entry and Report Generation, Concept of Entrepreneurship, Business Plan Preparation |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC11 | Auditing and Corporate Governance | Core | 6 | Principles of Auditing, Types of Audit, Audit Procedures and Techniques, Audit Report, Corporate Governance Principles |
| CC12 | Fundamentals of Financial Management | Core | 6 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Working Capital Management |
| DSE1 | Principles of Marketing | Discipline Specific Elective (Accounting & Finance) | 6 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Product and Pricing Decisions, Promotion and Distribution Decisions |
| DSE2 | Financial Markets & Institutions | Discipline Specific Elective (Accounting & Finance) | 6 | Overview of Financial System, Money Market, Capital Market, Financial Institutions (Banks, NBFCs), Regulatory Framework (SEBI, RBI) |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC13 | Goods & Services Tax (GST) & Customs Law | Core | 6 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, GST Procedure (Registration, Returns), Customs Act Overview |
| CC14 | Banking and Insurance | Core | 6 | Commercial Banking Functions, Reserve Bank of India (RBI), E-Banking and Digital Payments, Principles of Insurance, Types of Insurance (Life, General) |
| DSE3 | Fundamentals of Investment | Discipline Specific Elective (Accounting & Finance) | 6 | Investment Avenues, Risk and Return Analysis, Equity and Debt Instruments, Portfolio Management, Mutual Funds and Derivatives |
| DSE4 | International Business | Discipline Specific Elective (Accounting & Finance) | 6 | Nature of International Business, Theories of International Trade, Foreign Exchange Market, International Financial Institutions, Global Business Strategies |
