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B-COM-GENERAL in Accountancy at Khudiram Bose Central College
Kolkata, West Bengal
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About the Specialization
What is Accountancy at Khudiram Bose Central College Kolkata?
This Accountancy program at Khudiram Bose Central College, under the University of Calcutta, meticulously focuses on foundational and advanced accounting principles. It is designed to equip students with a robust understanding of financial reporting, taxation, auditing, and cost management, crucial for the evolving Indian business landscape. The curriculum emphasizes practical application relevant to modern economic demands.
Who Should Apply?
This program is ideal for 10+2 graduates with a commerce background aspiring for roles in finance and accounting. It also suits individuals seeking entry into financial services, taxation consultancy, or corporate accounting departments. Aspiring Chartered Accountants (CAs), Company Secretaries (CSs), or Cost and Management Accountants (CMAs) can leverage this as a strong base.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including Accountant, Auditor, Tax Consultant, Financial Analyst, and roles in banking and insurance. Entry-level salaries typically range from INR 2.5 to 4.5 LPA, with significant growth potential up to INR 8-15+ LPA for experienced professionals. It provides a solid foundation for professional certifications.
Student Success Practices
Foundation Stage
Master Financial Accounting Basics- (Semester 1-2)
Dedicate consistent time to understanding accounting equations, journal entries, ledger posting, and final accounts. Practice daily problem-solving from textbooks and reference guides to solidify fundamental concepts.
Tools & Resources
T.S. Grewal textbook, M.C. Shukla textbook, ICAI student resources, Khan Academy (for basic concepts)
Career Connection
Strong fundamentals are essential for all accounting roles, making you proficient in bookkeeping and basic financial statement preparation, vital for entry-level positions.
Develop Business Law Acumen- (Semester 1-2)
Focus on key provisions of contract, sale of goods, and company law. Form study groups to discuss case studies and scenarios, applying legal concepts to practical business situations and understanding regulatory compliance.
Tools & Resources
Bare Acts (official legal texts), NPTEL lectures on Business Law, Business newspapers (for legal news)
Career Connection
Understanding legal frameworks is critical for compliance roles, corporate secretarial services, and safeguarding business interests, enhancing your value in any commercial organization.
Enhance Quantitative Skills- (Semester 1-2)
Regularly practice business mathematics and statistics problems. Utilize spreadsheets like MS Excel to solve statistical problems and analyze financial data effectively. Attend workshops on data analysis if available.
Tools & Resources
R.S. Aggarwal for Quantitative Aptitude, MS Excel tutorials, BYJU''''S (for competitive exam basic math prep)
Career Connection
Strong quantitative skills are invaluable for financial analysis, risk assessment, and data-driven decision-making, opening doors to analytical roles in finance and business.
Intermediate Stage
Deepen Corporate Accounting & Taxation Knowledge- (Semester 3-4)
Dive into advanced topics like corporate financial reporting, mergers, and Indian income tax regulations. Solve complex problems involving tax computations and corporate restructuring. Stay updated on budget and tax law changes.
Tools & Resources
B.K. Goyal / V.K. Singhania (Corporate Accounting), H.C. Mehrotra (Income Tax), Official Income Tax Department website, Professional body journals (e.g., ICAI)
Career Connection
Proficiency in these areas is highly sought after by accounting firms, corporate finance departments, and tax consultancy services, making you a specialist in key corporate functions.
Gain Practical Software Proficiency- (Semester 3-4)
Actively learn and practice using accounting software like Tally ERP and gain intermediate proficiency in MS Excel for financial modeling and data management. Seek opportunities for basic data entry or reconciliation tasks.
Tools & Resources
Official Tally Academy courses, YouTube tutorials for Tally and advanced Excel, College computer labs
Career Connection
Hands-on software skills are non-negotiable for modern accounting roles, significantly boosting employability for positions like Accounts Executive, Data Analyst, or Junior Auditor.
Engage in Mini-Projects & Internships- (Semester 3-4)
Look for short-term internships or volunteer for accounting tasks in local businesses, NGOs, or college departments. Participate in case study competitions related to finance and accounting to apply theoretical knowledge.
Tools & Resources
College placement cell, Local business directories, Internshala, LinkedIn
Career Connection
Practical exposure builds a professional network, provides real-world experience, and enhances your resume, making you a more attractive candidate for future placements.
Advanced Stage
Master Advanced Financial & Management Reporting- (Semester 5-6)
Focus on Goods and Services Tax (GST) compliance, financial reporting standards (Ind AS/IFRS basics), and management accounting techniques like budgetary control. Prepare project reports using these frameworks.
Tools & Resources
Official GST portal, Professional accounting body publications (ICAI), Advanced financial modeling software
Career Connection
Expertise in advanced reporting and tax frameworks is crucial for roles as GST Consultants, Financial Controllers, and Senior Accountants, directly impacting a company''''s financial health.
Develop Auditing & Assurance Skills- (Semester 5-6)
Understand the principles of auditing, internal controls, and audit report preparation. Consider shadowing an auditor or attending workshops on audit procedures. Practice identifying discrepancies and risks in financial statements.
Tools & Resources
Standards on Auditing (SA) issued by ICAI, Audit software simulations, Case studies from professional journals
Career Connection
This skill set is foundational for aspiring auditors, internal controllers, and compliance officers, leading to roles in audit firms and corporate internal audit departments.
Prepare for Professional Certifications & Placements- (Semester 5-6)
Begin preparing for entrance exams for professional certifications like CA, CMA, CS, or pursuing advanced degrees. Polish resume, practice interview skills, and actively participate in placement drives and networking events.
Tools & Resources
Coaching institutes for professional exams, Online interview preparation platforms, College career services, LinkedIn for networking
Career Connection
Strategic preparation significantly increases success rates in professional exams and secures better placements, paving the way for a high-growth career in finance and accounting.
Program Structure and Curriculum
Eligibility:
- 10+2 examination or its equivalent with at least 45% marks in aggregate or 50% marks in Accounting/Economics/Mathematics/Business Studies and Pass marks in all subjects from a recognized Board.
Duration: 3 years / 6 semesters
Credits: 128 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 1.1 Chg | Financial Accounting I | Core Course (CC) | 6 | Accounting Principles, Journal, Ledger & Trial Balance, Final Accounts of Sole Proprietorship, Rectification of Errors, Depreciation Accounting |
| CC 1.2 Chg | Business Law | Core Course (CC) | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Indian Partnership Act, 1932 |
| GE 1.1 Chg | Principles of Microeconomics I | Generic Elective (GE) | 6 | Demand and Supply Analysis, Consumer Behavior Theories, Production and Cost Analysis, Market Structures, Factor Pricing |
| AECC 1 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Human Population and Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 2.1 Chg | Financial Accounting II | Core Course (CC) | 6 | Branch Accounts, Departmental Accounts, Hire Purchase & Installment Systems, Royalty Accounts, Investment Accounts |
| CC 2.2 Chg | Business Mathematics & Statistics | Core Course (CC) | 6 | Ratios and Proportion, Simple & Compound Interest, Permutations & Combinations, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression |
| CC 2.3 Chg | Principles of Management | Core Course (CC) | 6 | Nature & Scope of Management, Planning & Decision Making, Organizing & Staffing, Directing & Motivation, Controlling |
| AECC 2 | English Communication | Ability Enhancement Compulsory Course (AECC) | 2 | Reading Comprehension, Vocabulary Building, Grammar & Usage, Written Communication (letters, reports), Oral Communication Skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 3.1 Chg | Corporate Accounting I | Core Course (CC) | 6 | Issue & Forfeiture of Shares, Issue & Redemption of Debentures, Redemption of Preference Shares, Underwriting of Shares, Buy Back of Shares |
| CC 3.2 Chg | Indian Financial System | Core Course (CC) | 6 | Financial Markets (Money & Capital Market), Financial Institutions (Banks, NBFCs), Role of RBI & SEBI, Financial Instruments, Financial Sector Reforms |
| CC 3.3 Chg | Cost Accounting | Core Course (CC) | 6 | Cost Concepts & Classification, Cost Sheet Preparation, Material Costing, Labour Costing, Overhead Costing, Job & Batch Costing |
| CC 3.4 Chg | Income Tax Law & Practice I | Core Course (CC) | 6 | Basic Concepts of Income Tax, Residential Status, Heads of Income: Salaries, Heads of Income: House Property, Exemptions under Income Tax |
| SEC A | Computer Applications in Business I | Skill Enhancement Course (SEC) | 2 | Computer Fundamentals, Operating Systems, MS-Word for Business, MS-Excel for Business, Introduction to Internet |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 4.1 Chg | Corporate Accounting II | Core Course (CC) | 6 | Valuation of Goodwill & Shares, Amalgamation of Companies, Absorption & Reconstruction, Accounting for Liquidation, Introduction to Accounting Standards |
| CC 4.2 Chg | Auditing & Assurance | Core Course (CC) | 6 | Nature & Scope of Auditing, Audit Planning & Documentation, Internal Control System, Vouching & Verification of Assets/Liabilities, Audit Report |
| CC 4.3 Chg | Financial Management | Core Course (CC) | 6 | Goals of Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management |
| CC 4.4 Chg | Income Tax Law & Practice II | Core Course (CC) | 6 | Heads of Income: Profits & Gains of Business/Profession, Heads of Income: Capital Gains, Heads of Income: Other Sources, Deductions from Gross Total Income, Assessment of Individuals |
| SEC B | Computer Applications in Business II | Skill Enhancement Course (SEC) | 2 | Database Management Systems (DBMS), MS-Access for Business, Introduction to Tally ERP, E-commerce Basics, Data Security & Privacy |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSE 5.1 A | Goods & Services Tax (GST) & Customs Law | Discipline Specific Elective (DSE) | 6 | Introduction to GST, Levy & Collection of GST, Input Tax Credit Mechanism, Time & Value of Supply, Customs Act Overview |
| DSE 5.2 A | Financial Reporting | Discipline Specific Elective (DSE) | 6 | Conceptual Framework for Financial Reporting, Indian Accounting Standards (Ind AS) Overview, Consolidated Financial Statements (basic), Segment Reporting, Earnings Per Share |
| DSE 5.3 A | Management Accounting | Discipline Specific Elective (DSE) | 6 | Budgetary Control, Standard Costing & Variance Analysis, Marginal Costing & CVP Analysis, Fund Flow Statement, Cash Flow Statement |
| SEC C | E-Business | Skill Enhancement Course (SEC) | 2 | E-commerce Models, Online Payment Systems, Digital Marketing Fundamentals, Cyber Security in E-Business, Business Process Re-engineering |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSE 6.1 A | Investment Analysis & Portfolio Management | Discipline Specific Elective (DSE) | 6 | Investment Environment, Risk and Return Analysis, Valuation of Securities, Portfolio Theory & Diversification, Mutual Funds & Derivatives |
| DSE 6.2 A | International Business | Discipline Specific Elective (DSE) | 6 | Globalization & International Trade Theories, Foreign Exchange Market, Balance of Payments, International Financial Institutions, International Business Environment |
| DSE 6.3 A | Project Work / Viva Voce | Discipline Specific Elective (DSE) | 6 | Research Methodology, Data Collection & Analysis, Report Writing & Formatting, Presentation Skills, Project Defense |
| SEC D | Entrepreneurship Development | Skill Enhancement Course (SEC) | 2 | Concept of Entrepreneurship, Business Idea Generation, Business Plan Preparation, Sources of Finance for Startups, Marketing Strategies for New Ventures |
