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B-COM in Auditing Taxation at Koneru Lakshmaiah Education Foundation (Deemed to be University)
Guntur, Andhra Pradesh
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About the Specialization
What is Auditing & Taxation at Koneru Lakshmaiah Education Foundation (Deemed to be University) Guntur?
This Auditing & Taxation program at Koneru Lakshmaiah Education Foundation focuses on developing expertise in financial scrutiny, compliance, and tax management. Given India''''s complex tax regime and corporate governance landscape, proficiency in these areas is crucial for businesses across all sectors. The program emphasizes practical application of tax laws and auditing standards relevant to the Indian market, providing a strong foundation for future professionals.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into auditing firms, tax consultancy, or corporate finance departments in India. It also suits working professionals looking to upskill in GST, Income Tax, or internal audit functions. Graduates with a strong aptitude for numbers, analytical thinking, and a keen interest in legal compliance and financial integrity would thrive in this specialization.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths, including Tax Consultant, Auditor, Financial Analyst, Compliance Officer, and Accountant. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience and expertise. The program aligns well with professional certifications like CA, CMA, and CS, providing a robust foundation for further studies and career advancement within Indian companies.
Student Success Practices
Foundation Stage
Master Financial Accounting Fundamentals- (Semester 1-2)
Thoroughly understand concepts like journal entries, ledger posting, trial balance, and preparation of financial statements. Utilize online resources, textbooks, and practice problems to build a strong foundational base in accounting principles and processes.
Tools & Resources
Tally, ICAI study material, Khan Academy, Basic accounting software
Career Connection
This forms the bedrock for all advanced accounting, auditing, and taxation subjects, making it essential for entry-level accounting and finance roles in any industry.
Develop Business Communication & Computer Skills- (Semester 1-2)
Actively participate in presentations and group discussions, and practice formal business correspondence. Become proficient in MS Office Suite, especially Excel for data analysis, and Tally for basic accounting operations and GST entries.
Tools & Resources
Microsoft Office (Excel, Word, PowerPoint), Tally ERP 9/Tally Prime, Toastmasters clubs (if available), Online communication courses
Career Connection
Crucial for effective client interaction, report writing, professional presentations, and efficient data management in any business, audit, or tax consultancy role.
Engage in Peer Learning Groups- (Semester 1-2)
Form study groups with classmates to discuss complex topics, clarify doubts, and collectively solve problems. Teach each other difficult subjects to solidify understanding, develop collaborative skills, and prepare for examinations more effectively.
Tools & Resources
Collaborative online tools (Google Docs, WhatsApp groups), Library study rooms, Online discussion forums
Career Connection
Fosters teamwork, critical thinking, and problem-solving abilities, which are highly valued in professional audit and tax teams within corporate and advisory settings.
Intermediate Stage
Deep Dive into Indian Taxation Laws- (Semester 3-5)
Systematically study Income Tax and GST laws with a focus on practical application and recent amendments. Analyze real-world scenarios, solve complex tax computation problems for individuals and businesses, and stay updated on regulatory changes.
Tools & Resources
Income Tax Act, GST Act, Taxmann publications, Online tax portals (e.g., NSDL, GSTN websites), Professional tax journals
Career Connection
Directly prepares you for specialized roles as a tax consultant, tax analyst, or compliance officer in Indian companies, CA firms, and financial institutions.
Seek Industry Internships and Training- (Semester 4-5)
Actively search for and complete internships, even short-term ones, with local CA firms, tax consultants, or corporate finance departments. Apply theoretical knowledge to practical scenarios, understand workflow, and gain hands-on experience in auditing and taxation processes.
Tools & Resources
College placement cell, LinkedIn, Internshala, Local business directories, Professional networks
Career Connection
Provides invaluable practical exposure, builds a professional network, and creates a strong resume that significantly enhances placement opportunities and industry readiness.
Participate in Specialized Workshops & Certifications- (Semester 4-5)
Attend workshops on Tally Prime, advanced Excel for finance, or taxation software. Consider pursuing short-term certifications in areas like forensic accounting, financial modeling, or IFRS if they align with your career aspirations to gain an edge.
Tools & Resources
NSE Academy, NISM certifications, Coursera/Udemy for specialized courses, Institution-led workshops, Professional body seminars
Career Connection
Differentiates candidates in the job market, adds practical and in-demand skills, and signals a proactive approach to continuous learning and professional development to potential employers.
Advanced Stage
Undertake a Comprehensive Research/Industry Project- (Semester 6)
Choose a project topic related to complex auditing standards, tax planning, or financial fraud analysis. Conduct thorough research, gather and analyze real-world data, and present your findings in a professional report. This demonstrates advanced analytical capabilities.
Tools & Resources
Academic databases, Industry reports, Financial statements of public companies, Statistical software (e.g., R, Python, SPSS), Plagiarism checker tools
Career Connection
Showcases advanced analytical, research, and problem-solving skills, crucial for strategic roles in auditing, tax advisory, and financial management, and demonstrates ability to handle complex assignments.
Intensive Placement Preparation- (Semester 6)
Participate diligently in campus recruitment drives, attend placement training sessions focusing on aptitude tests, group discussions, and mock interviews. Tailor your resume and cover letters to specific job descriptions in auditing and taxation firms.
Tools & Resources
College career services, Online aptitude test platforms (e.g., Indiabix, M4Maths), LinkedIn profile optimization, Professional mentors, Interview prep books
Career Connection
Directly prepares students for success in competitive placement interviews, increasing the likelihood of securing desired entry-level audit, tax, or compliance roles with reputable companies.
Network with Alumni and Industry Professionals- (Semester 6)
Attend alumni events, industry seminars, and professional body meetings (e.g., ICAI, ICSI, ICMAI events). Connect with professionals on LinkedIn, seek their advice, and learn about evolving career opportunities and industry trends in auditing and taxation.
Tools & Resources
LinkedIn, Alumni platforms and events, Professional association memberships, Industry conferences and webinars
Career Connection
Opens doors to mentorship, hidden job markets, and invaluable career guidance, fostering long-term professional growth and expanding opportunities in the auditing and taxation fields.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 or equivalent examination with Commerce or Economics or Maths as one of the subjects with 50% marks and above.
Duration: 3 years / 6 semesters
Credits: 120 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 19BH101A | Financial Accounting - I | Core | 3 | Introduction to Accounting, Accounting Process, Financial Statements, Inventory Valuation, Depreciation Accounting |
| 19BH102 | Business Economics | Core | 3 | Introduction to Economics, Demand and Supply, Production and Cost Analysis, Market Structures, Macroeconomics Concepts |
| 19BH103 | Business Organization & Management | Core | 3 | Nature of Business, Forms of Business Organization, Management Functions, Planning and Organizing, Motivation and Leadership |
| 19BH104 | Business Statistics | Core | 3 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| 19BH105A | Business Communication - I | Core | 3 | Principles of Communication, Types of Communication, Written Communication, Oral Communication, Presentation Skills |
| 19BH106A | Environmental Studies | Mandatory Non-Credit | 0 | Ecosystems, Biodiversity and Conservation, Environmental Pollution, Social Issues and the Environment, Human Population and the Environment |
| 19BH107 | Computer Applications for Business - I (Lab) | Lab | 2 | Introduction to Computers, MS Office Word, MS Office Excel, Internet and E-mail, Data Management |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 19BH201A | Financial Accounting - II | Core | 3 | Partnership Accounts, Company Accounts - Shares, Company Accounts - Debentures, Amalgamation and Absorption, Accounting Standards |
| 19BH202 | Business Law | Core | 3 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Companies Act - Overview |
| 19BH203 | Marketing Management | Core | 3 | Introduction to Marketing, Marketing Mix, Product Life Cycle, Pricing Strategies, Promotion and Distribution |
| 19BH204 | Quantitative Techniques for Business | Core | 3 | Linear Programming, Transportation Problem, Assignment Problem, Decision Theory, Network Analysis |
| 19BH205A | Business Communication - II | Core | 3 | Advanced Written Communication, Report Writing, Business Correspondence, Verbal Communication, Group Discussions |
| 19BH206 | Computer Applications for Business - II (Lab) | Lab | 2 | Advanced Excel, Database Management Systems, PowerPoint Presentations, Data Analysis Tools, Business Software |
| 19BH207 | Indian Constitution | Mandatory Non-Credit | 0 | Framing of the Constitution, Fundamental Rights and Duties, Directive Principles of State Policy, Union and State Government, Emergency Provisions |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 19BH301A | Corporate Accounting - I | Core | 3 | Accounting for Share Capital, Debentures, Redemption of Debentures, Underwriting of Shares, Bonus and Rights Issue |
| 19BH302 | Cost Accounting - I | Core | 3 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing |
| 19BH303 | Indian Financial System | Core | 3 | Financial Markets, Financial Institutions, Money Market, Capital Market, SEBI and Regulations |
| 19BH304 | Human Resource Management | Core | 3 | Introduction to HRM, HR Planning, Recruitment and Selection, Training and Development, Performance Management |
| 19BH305 | Income Tax Law & Practice - I | Core (Taxation) | 3 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| 19BH306 | Corporate Governance & Business Ethics | Core | 3 | Concepts of Corporate Governance, Role of Board of Directors, Shareholder Rights, Business Ethics and Values, Corporate Social Responsibility |
| 19BHOE1 | Open Elective - I | Elective | 3 | Introduction to Chosen Elective, Core Concepts of Elective Field, Applications and Industry Relevance, Key Methodologies, Emerging Trends |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 19BH401A | Corporate Accounting - II | Core | 3 | Valuation of Goodwill and Shares, Accounting for Amalgamation, Accounting for Absorption and Reconstruction, Consolidated Financial Statements, Accounting for Banking and Insurance Companies |
| 19BH402 | Cost Accounting - II | Core | 3 | Process Costing, Joint and By-Products, Standard Costing, Variance Analysis, Budgetary Control |
| 19BH403 | Financial Management | Core | 3 | Introduction to Financial Management, Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Capital Structure Theories |
| 19BH404 | E-Commerce | Core | 3 | Introduction to E-Commerce, E-Commerce Business Models, Online Marketing and Advertising, E-Payment Systems, E-Security and Legal Aspects |
| 19BH405 | Income Tax Law & Practice - II | Core (Taxation) | 3 | Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Assessment of Individuals |
| 19BH406 | Computerized Accounting (Tally) (Lab) | Lab | 2 | Tally Fundamentals, Company Creation in Tally, Accounting Vouchers, Inventory Management, GST in Tally |
| 19BHOE2 | Open Elective - II | Elective | 3 | Advanced Concepts of Chosen Elective, Practical Applications, Case Studies, Industry Best Practices, Future Trends |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 19BH501A | Goods & Services Tax (GST) & Customs Law | Core (Taxation) | 3 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Customs Law Provisions |
| 19BH502 | Auditing & Assurance | Core (Auditing) | 3 | Introduction to Auditing, Types of Audit, Audit Planning and Documentation, Internal Control System, Audit of Different Entities |
| 19BH503 | Investment Management | Core | 3 | Investment Avenues, Risk and Return Analysis, Portfolio Management, Fundamental Analysis, Technical Analysis |
| 19BH504 | Banking Law & Operations | Core | 3 | Banking Regulation Act, RBI and Monetary Policy, Types of Banks and Services, Banker-Customer Relationship, Digital Banking and Innovations |
| 19BHSXX | Skill Enhancement Course (SEC) - I | Skill Elective | 2 | Skill-specific Tools and Techniques, Practical Application, Industry Relevance, Case Studies, Problem-Solving |
| 19BHSE1 | Specialization Elective (SE) - I | Elective (Accounting & Finance) | 3 | Specialized Accounting Principles, Financial Reporting Standards, Advanced Financial Analysis, International Accounting, Corporate Finance Strategies |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 19BH601 | Management Accounting | Core | 3 | Nature and Scope of Management Accounting, Fund Flow Statement, Cash Flow Statement, Ratio Analysis, Budgeting and Budgetary Control |
| 19BH602 | Entrepreneurship Development | Core | 3 | Concept of Entrepreneurship, Entrepreneurial Process, Business Plan Preparation, Sources of Finance for Start-ups, Small Business Management |
| 19BHHXX | Industry Project / Research Project | Project | 6 | Project Identification, Literature Review, Research Methodology, Data Analysis and Interpretation, Report Writing and Presentation |
| 19BHSXX | Skill Enhancement Course (SEC) - II | Skill Elective | 2 | Advanced Skill Application, Industry-specific Tools, Problem Solving with Software, Data Visualization, Strategic Decision Making |
| 19BHSE2 | Specialization Elective (SE) - II | Elective (Accounting & Finance) | 3 | Strategic Financial Management, Risk Management and Derivatives, Financial Markets and Instruments, International Finance, Advanced Investment Strategies |
| 19BHSE3 | Specialization Elective (SE) - III | Elective (Accounting & Finance) | 3 | Advanced Auditing Techniques, Forensic Accounting, Taxation Planning and Management, International Taxation, Audit Report and Standards |
