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B-COM in Accountancy at Kodinar Arts & Commerce College

Kodinar Arts & Commerce College, established 1963 in Kodinar, Gir Somnath, is a reputable institution affiliated with Saurashtra University. It offers key Arts and Commerce programs including BA, B.Com, MA, M.Com, and PGDCA, fostering a strong academic environment for students.

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Gir Somnath, Gujarat

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About the Specialization

What is Accountancy at Kodinar Arts & Commerce College Gir Somnath?

This Accountancy specialization program at Kodinar Arts & Commerce College focuses on providing a robust foundation in financial reporting, auditing, taxation, and management accounting. It equips students with essential skills for navigating the dynamic financial landscape of the Indian economy, emphasizing practical applications relevant to various industries and regulatory frameworks within India.

Who Should Apply?

This program is ideal for fresh 10+2 commerce graduates aspiring for a career in finance and accounting, individuals planning to pursue professional certifications like CA, CS, or CMA, and small business owners seeking comprehensive financial literacy. It also caters to those looking to gain a strong academic base for further studies or entry-level positions in the accounting sector.

Why Choose This Course?

Graduates of this program can expect to pursue diverse India-specific career paths such as Junior Accountant, Auditor Assistant, Tax Preparer, and Financial Analyst in various Indian companies and CA firms. Entry-level salaries typically range from INR 2.5 to 4.5 LPA, with significant growth trajectories towards roles like Senior Accountant, Finance Manager, and Internal Auditor in the expanding Indian market. The degree also provides a strong foundation for competitive exams.

OTHER SPECIALIZATIONS

Student Success Practices

Foundation Stage

Master Accounting Fundamentals- (Semester 1-2)

Consistently practice core accounting principles like journal entries, ledger posting, and preparing final accounts. Utilize textbook exercises, online tutorials, and peer study groups to solidify understanding. Focus on building a strong conceptual base in Financial Accounting and Business Economics.

Tools & Resources

Textbooks, solved examples, online accounting tutorials, college library resources

Career Connection

A strong foundation is crucial for all advanced accounting subjects and forms the bedrock for entry-level accounting roles, ensuring accuracy and efficiency.

Develop Digital Literacy and Tally Skills- (Semester 1-2)

Actively engage with computer application courses, focusing on mastering MS Excel for financial data analysis and basic functionalities of Tally ERP software. Practice creating spreadsheets, using formulas, and recording transactions in Tally beyond classroom hours.

Tools & Resources

MS Office suite, Tally ERP software (available in college lab), online Tally tutorials, YouTube channels

Career Connection

Proficiency in Tally and Excel is highly valued by Indian employers for accounting and data management roles, enhancing employability and practical utility.

Engage in Business Communication & Soft Skills- (Semester 1-2)

Participate in college workshops on business communication, public speaking, and group discussions. Practice writing clear business letters, reports, and delivering presentations. Seek feedback from faculty and peers to refine communication skills.

Tools & Resources

Communication skills workshops, Toastmasters-style clubs (if available), English language learning apps

Career Connection

Effective communication is paramount for client interaction, team collaboration, and presenting financial reports, critical for career progression in finance roles.

Intermediate Stage

Pursue Practical Cost and Corporate Accounting- (Semester 3-4)

Focus on applying theoretical knowledge of Cost and Corporate Accounting to practical case studies. Attempt to solve complex problems related to company final accounts, amalgamation, and cost sheet preparation. Look for local businesses or college projects requiring cost analysis.

Tools & Resources

Case study books, financial newspapers, industry reports, company annual reports (online)

Career Connection

Practical application of corporate and cost accounting skills makes you competent for roles in corporate finance, cost control, and financial reporting in Indian industries.

Seek Summer Internships in Local Firms- (Semester 3-4)

Actively look for short-term internships during summer breaks with local Chartered Accountant (CA) firms, tax consultants, or small businesses in Gir Somnath or nearby cities. Gain hands-on experience in bookkeeping, GST filing, and basic tax computation.

Tools & Resources

College placement cell, local business directories, networking with local CAs, Internshala.com

Career Connection

Internships provide invaluable real-world experience, expose you to professional work environments, and often lead to pre-placement offers or strong professional references in India.

Participate in Commerce Fests & Competitions- (Semester 3-4)

Engage in inter-college commerce festivals, business quizzes, and case study competitions. These platforms enhance problem-solving, teamwork, and decision-making skills under pressure, while also expanding your professional network.

Tools & Resources

College event calendars, notice boards, specific club memberships (e.g., Commerce Club)

Career Connection

Participation demonstrates initiative, critical thinking, and industry awareness, attributes highly sought after by recruiters in the Indian job market.

Advanced Stage

Master Taxation and Auditing Practices- (Semester 5-6)

Deep dive into Income Tax and GST laws, focusing on practical aspects like return filing, tax planning for individuals and businesses, and audit procedures. Consider volunteering at tax clinics or assisting local professionals during tax season.

Tools & Resources

Income Tax Act, GST Act, tax planning guides, online tax calculators, ICAI study materials (for conceptual clarity)

Career Connection

Expertise in Indian taxation and auditing is a critical skill for roles in tax consultancy, auditing firms, and compliance departments, offering high demand in India.

Undertake a Comprehensive Research Project- (Semester 5-6)

Collaborate with faculty to undertake a research project on a contemporary topic in accounting, finance, or taxation relevant to the Indian context (e.g., ''''Impact of GST on SMEs in Gujarat''''). This develops research, analytical, and presentation skills.

Tools & Resources

Academic journals, research databases, financial news portals, NPTEL courses on research methodology

Career Connection

A well-executed project demonstrates independent learning, analytical rigor, and specialized knowledge, making you a stronger candidate for roles requiring problem-solving and strategic thinking.

Intensive Placement and Professional Exam Preparation- (Semester 5-6)

Actively participate in placement preparatory sessions, mock interviews, and resume building workshops conducted by the college. Simultaneously, begin focused preparation for professional exams like CA Foundation/Intermediate, CS, or CMA to gain a competitive edge in the Indian job market.

Tools & Resources

College placement cell, career counselors, study materials for professional exams, online aptitude tests

Career Connection

Dedicated preparation directly translates to successful placements and faster career progression, allowing entry into high-demand professional accounting and finance roles.

Program Structure and Curriculum

Eligibility:

  • Passed 10+2 (Higher Secondary) or equivalent examination from a recognized board, preferably in the Commerce stream.

Duration: 3 years (6 semesters)

Credits: Varies (typically 140-160 credits) Credits

Assessment: Internal: 30%, External: 70%

Semester-wise Curriculum Table

Semester 1

Subject CodeSubject NameSubject TypeCreditsKey Topics
Financial Accounting - ICore4Introduction to Accounting, Accounting Principles and Concepts, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Rectification of Errors
Business Economics - ICore4Basic Economic Concepts, Demand and Supply Analysis, Elasticity of Demand, Theory of Production and Cost, Market Structures
Statistics - ICore4Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Skewness and Kurtosis
Business Communication - IAbility Enhancement Compulsory Course2Basics of Communication, Types of Business Communication, Business Letters and Memos, Report Writing, Effective Listening
Computer FundamentalsSkill Enhancement Course2Introduction to Computers, Operating Systems, MS Word and Excel Basics, Internet and Email, Presentation Software (PowerPoint)

Semester 2

Subject CodeSubject NameSubject TypeCreditsKey Topics
Financial Accounting - IICore4Accounting for Non-Profit Organizations, Partnership Accounts: Admission, Retirement, Death, Dissolution of Partnership Firm, Consignment Accounts, Joint Venture Accounts
Business Economics - IICore4National Income Accounting, Money and Banking, Inflation and Business Cycles, Public Finance, International Trade
Statistics - IICore4Correlation Analysis, Regression Analysis, Index Numbers, Time Series Analysis, Probability Distribution
Business Communication - IIAbility Enhancement Compulsory Course2Oral Communication Skills, Presentation Techniques, Group Discussion Strategies, Interview Skills, Public Speaking
Advanced Computer Applications (Tally Basics)Skill Enhancement Course2Introduction to Tally ERP, Company Creation and Ledgers, Voucher Entry, Inventory Management, Generating Basic Reports in Tally

Semester 3

Subject CodeSubject NameSubject TypeCreditsKey Topics
Corporate Accounting - ICore4Company Formation and Share Capital, Issue and Forfeiture of Shares, Debentures, Redemption of Preference Shares and Debentures, Final Accounts of Companies
Business Law - ICore4Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Partnership Act, 1932, Consumer Protection Act, 2019
Cost Accounting - ICore4Introduction to Cost Accounting, Elements of Cost, Material Costing, Labour Costing, Overhead Costing
Principles of ManagementCore4Concept and Nature of Management, Planning and Decision Making, Organizing and Staffing, Directing and Motivation, Controlling and Coordination

Semester 4

Subject CodeSubject NameSubject TypeCreditsKey Topics
Corporate Accounting - IICore4Amalgamation, Absorption and External Reconstruction, Internal Reconstruction, Liquidation of Companies, Holding Company Accounts, Valuation of Goodwill and Shares
Business Law - IICore4Companies Act, 2013 (Selected Provisions), Limited Liability Partnership Act, 2008, Information Technology Act, 2000, Environmental Laws (Basic Concepts), Foreign Exchange Management Act (FEMA)
Cost Accounting - IICore4Methods of Costing (Job, Batch, Process), Service Costing, Marginal Costing and Break-Even Analysis, Standard Costing, Budgetary Control
Financial ManagementCore4Introduction to Financial Management, Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Leverage Analysis

Semester 5

Subject CodeSubject NameSubject TypeCreditsKey Topics
Management Accounting - ICore4Nature and Scope of Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement
Auditing - ICore4Introduction to Auditing, Types of Audit, Audit Planning and Internal Control, Vouching and Verification, Audit of Assets and Liabilities
Income Tax Law & Practice - ICore4Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains from Business or Profession
Marketing ManagementDiscipline Specific Elective4Marketing Concepts and Environment, Product Life Cycle, Pricing Strategies, Distribution Channels, Promotion Mix

Semester 6

Subject CodeSubject NameSubject TypeCreditsKey Topics
Management Accounting - IICore4Budgetary Control, Standard Costing and Variance Analysis, Responsibility Accounting, Transfer Pricing, Capital Budgeting Decisions (Advanced)
Auditing - IICore4Audit of Different Entities (Banks, Insurance, Educational Institutions), Investigation and Forensic Audit, Audit Report and Certificates, Professional Ethics of an Auditor, Company Auditor''''s Rights and Duties
Income Tax Law & Practice - IICore4Income from Capital Gains, Income from Other Sources, Clubbing of Income and Set-off/Carry Forward of Losses, Deductions from Gross Total Income, Computation of Total Income and Tax Liability
Goods and Services Tax (GST)Discipline Specific Elective4Introduction to GST, Concept of Supply and Levy of GST, Input Tax Credit, Registration and Returns under GST, Payment of Tax and E-way Bill
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B-COM Accountancy at Kodinar Arts & Commerce College: Fees, Eligibility and Admission - Gir Somnath