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B-COM in Professional Accounting at Koneru Lakshmaiah Education Foundation (Deemed to be University)
Guntur, Andhra Pradesh
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About the Specialization
What is Professional Accounting at Koneru Lakshmaiah Education Foundation (Deemed to be University) Guntur?
This Professional Accounting program at Koneru Lakshmaiah, Guntur, focuses on developing expertise in financial reporting, taxation, auditing, and corporate finance. It provides a robust foundation aligned with global accounting standards and Indian regulatory frameworks, preparing students for dynamic roles in the Indian financial sector. The program emphasizes practical skills for immediate industry application.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, finance, and taxation fields. It also suits working professionals aiming to upskill for advanced roles or career changers transitioning into the finance industry. Individuals with a strong numerical aptitude and a keen interest in financial regulations and compliance are particularly well-suited for this specialization.
Why Choose This Course?
Graduates of this program can expect promising career paths in auditing firms, tax consultancy, corporate finance, and financial analysis within India. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning significantly more. The curriculum prepares students for professional certifications like CA, CMA, and ACCA, fostering strong growth trajectories in leading Indian companies and MNCs operating in India.
Student Success Practices
Foundation Stage
Build Strong Accounting and Legal Fundamentals- (Semester 1-2)
Focus diligently on core subjects like Financial Accounting, Business Law, and Corporate Law. Master the basic principles and terminologies as they form the bedrock of advanced accounting concepts. Actively participate in tutorials and problem-solving sessions.
Tools & Resources
NCERT Accountancy textbooks, ICAI study material (for foundational concepts), Bare Acts for legal studies, YouTube channels (e.g., Accounts Adda, Law Wallah)
Career Connection
A strong foundation ensures better comprehension of advanced topics, leading to higher scores in core subjects and a solid base for professional exams (CA, CMA).
Develop Essential Business Software Skills- (Semester 1-2)
Beyond academic learning, gain proficiency in essential business software like MS Excel and accounting software like Tally ERP 9. Utilize practical assignments to apply theoretical knowledge in a digital environment.
Tools & Resources
Microsoft Office tutorials, Tally Solutions official guides, online courses (Coursera, Udemy) for Excel and Tally, college computer labs
Career Connection
These are indispensable skills for entry-level accounting and finance roles, significantly boosting employability and efficiency in future jobs.
Enhance Communication and Analytical Abilities- (Semester 1-2)
Engage in activities that improve English communication, presentation skills, and critical thinking. Participate in debates, group discussions, and present project work to build confidence and articulate complex ideas clearly.
Tools & Resources
Toastmasters International clubs (if available), college English department workshops, online platforms for public speaking practice, business newspapers and magazines for analytical reading
Career Connection
Effective communication is vital for client interactions, team collaboration, and presenting financial reports, making you a well-rounded professional.
Intermediate Stage
Deep Dive into Taxation and Corporate Finance- (Semester 3-4)
Focus intensely on Income Tax, GST, Corporate Accounting, and Management Accounting. These subjects are critical for understanding Indian financial regulations and corporate decision-making. Seek clarifications from faculty and solve diverse case studies.
Tools & Resources
Taxmann publications, official income tax and GST portals, case study books on corporate finance, finance blogs and business news
Career Connection
Mastery of these subjects directly translates to roles in tax consultancy, corporate accounting, and financial analysis, highly valued in the Indian job market.
Seek Mentorship and Build Professional Networks- (Semester 3-4)
Connect with faculty, industry professionals, and alumni in accounting and finance. Attend workshops, seminars, and guest lectures hosted by the department. Start building a professional network that can offer guidance and opportunities.
Tools & Resources
LinkedIn, college alumni network events, industry association meetings (e.g., local ICAI/ICMAI chapters), career guidance cells
Career Connection
Networking opens doors to internships, job referrals, and insights into industry trends, providing a competitive edge in placements.
Participate in Accounting and Finance Competitions- (Semester 3-4)
Engage in inter-college quizzes, case study competitions, and stock market simulation games. This hones problem-solving skills, builds teamwork, and provides practical exposure to real-world financial challenges.
Tools & Resources
National-level commerce fests, B-school competitions, virtual stock trading platforms, financial modeling challenges
Career Connection
Participation enhances your resume, demonstrates initiative, and develops crucial soft skills like pressure handling and strategic thinking, noticed by recruiters.
Advanced Stage
Pursue Relevant Internships and Practical Training- (Semester 5-6)
Secure internships in accounting firms, corporate finance departments, or tax consultancy practices. Actively apply theoretical knowledge in a professional setting, gain hands-on experience, and understand organizational workflows.
Tools & Resources
College placement cell, internship portals (Internshala, Naukri), company career pages, networking contacts
Career Connection
Internships are crucial for industry exposure, skill validation, and often lead to pre-placement offers, significantly easing the transition into full-time employment.
Focus on Advanced Specialization and Certification Preparation- (Semester 5-6)
Based on career aspirations, deep dive into advanced subjects like Advanced Corporate Accounting, Portfolio Management, or research projects. Begin serious preparation for professional certifications (CA Final, CMA, ACCA) concurrently with your final year studies.
Tools & Resources
Coaching institutes for professional exams, official study materials, mock tests, subject matter experts for advanced topics, online learning platforms
Career Connection
Specialized knowledge and professional certifications are highly valued in the Indian finance sector, leading to accelerated career growth and higher earning potential.
Develop Comprehensive Placement Strategy- (Semester 5-6)
Refine resume and cover letters, practice interview techniques (HR, technical, and case-based), and participate in mock interviews. Identify target companies and roles, and tailor your applications accordingly.
Tools & Resources
Career services department, online interview preparation platforms, aptitude test books, company profiles on LinkedIn and Glassdoor
Career Connection
A well-executed placement strategy maximizes your chances of securing desirable job offers from top recruiters, ensuring a strong start to your professional career.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 or equivalent with 50% marks in aggregate
Duration: 3 years (6 semesters)
Credits: 160 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CN1001 | Business Economics | Core | 4 | Introduction to Business Economics, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Macroeconomic Concepts |
| 21CN1002 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Cycle, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Concepts and Conventions |
| 21CN1003 | Business Law | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Negotiable Instruments Act 1881, Consumer Protection Act 2019, Basics of Partnership Act |
| 21GN1001 | English | Ability Enhancement Compulsory Course (AECC) | 2 | Communication Skills, Grammar and Vocabulary, Reading Comprehension, Report Writing, Public Speaking |
| 21GN1002 | Environmental Studies | Ability Enhancement Compulsory Course (AECC) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources, Sustainable Development, Environmental Ethics |
| 21GN1011 | Computer Applications in Business - I | Skill Enhancement Course (SEC) | 2 | Introduction to Computers, MS Word, MS Excel Basics, MS PowerPoint, Internet and E-commerce Fundamentals |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CN1004 | Business Statistics | Core | 4 | Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression |
| 21CN1005 | Financial Accounting - II | Core | 4 | Accounting for Partnership Firms, Dissolution of Partnership, Company Accounts - Issue of Shares, Company Accounts - Issue of Debentures, Final Accounts of Companies |
| 21CN1006 | Corporate Law | Core | 4 | Introduction to Companies Act 2013, Company Formation and Types, Share Capital and Debentures, Management and Administration, Meetings and Resolutions |
| 21GN1003 | Indian Heritage and Culture | Ability Enhancement Compulsory Course (AECC) | 2 | Ancient Indian Civilizations, Indian Art and Architecture, Religions and Philosophies of India, Medieval Indian History, Cultural Diversity and Modern India |
| 21GN1012 | Computer Applications in Business - II | Skill Enhancement Course (SEC) | 2 | Advanced MS Excel, Tally ERP 9 Fundamentals, Database Management Systems (DBMS), Cyber Security Basics, Cloud Computing Concepts |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CN2001 | Income Tax Law & Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status and Scope of Total Income, Heads of Income (Salary, House Property), Heads of Income (PGBP, Capital Gains, Other Sources), Deductions from Gross Total Income, Computation of Total Income and Tax Liability |
| 21CN2002 | Corporate Accounting | Core | 4 | Final Accounts of Companies, Amalgamation and Absorption of Companies, Internal and External Reconstruction, Holding Company Accounts, Valuation of Shares and Goodwill |
| 21CN2003 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Process Costing, Reconciliation of Cost and Financial Accounts |
| 21GN2001 | Ethics and Values | Ability Enhancement Compulsory Course (AECC) | 2 | Introduction to Ethics, Ethical Theories, Business Ethics, Professional Ethics, Values in Life and Society |
| 21CN2004 | Banking and Insurance | Generic Elective Course (GEC) | 3 | Introduction to Banking, Commercial Banks and RBI, E-Banking and Digital Payments, Principles of Insurance, Types of Insurance, IRDAI and Regulatory Framework |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CN2005 | Goods & Service Tax (GST) & Customs Law | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Registration and Returns under GST, Customs Act - Basic Concepts, Valuation and Duty under Customs |
| 21CN2006 | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow and Cash Flow Statements, Marginal Costing and Decision Making, Budgetary Control |
| 21CN2007 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Audit Process and Techniques, Internal Control and Audit Planning, Vouching and Verification, Audit Report and Professional Ethics, Corporate Governance Principles |
| 21GN2002 | Personality Development | Ability Enhancement Compulsory Course (AECC) | 2 | Self-awareness and Self-esteem, Goal Setting and Time Management, Interpersonal Skills and Communication, Leadership and Teamwork, Stress Management and Emotional Intelligence |
| 21CN2008 | Entrepreneurship Development | Generic Elective Course (GEC) | 3 | Introduction to Entrepreneurship, Idea Generation and Opportunity Analysis, Business Plan Preparation, Sources of Finance for Startups, Marketing Strategies for Entrepreneurs, Government Policies for SMEs |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CN3001 | Accounting for Business Decisions | Core | 4 | Activity Based Costing (ABC), Transfer Pricing, Performance Measurement, Responsibility Accounting, Strategic Management Accounting, Budgeting and Control |
| 21CN3002 | Financial Management | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Policy |
| 21CN3003 | Indian Financial System | Discipline Specific Elective (DSE) | 4 | Structure of Indian Financial System, Financial Markets (Money and Capital), Financial Institutions, Financial Services, Regulatory Bodies (RBI, SEBI), Reforms in Indian Financial System |
| 21CN3004 | Principles of Marketing | Generic Elective Course (GEC) | 3 | Introduction to Marketing, Marketing Mix (4 Ps), Market Segmentation and Targeting, Product Life Cycle, Pricing Strategies, Promotion and Distribution Channels |
| 21CN3005 | Research Project | Skill Enhancement Course (SEC) | 2 | Research Problem Identification, Literature Review, Research Design and Methodology, Data Collection and Analysis, Report Writing and Presentation, Ethical Considerations in Research |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CN3006 | Advanced Corporate Accounting | Core | 4 | Consolidated Financial Statements, Human Resource Accounting, Environmental Accounting, Inflation Accounting, Accounting for Non-Profit Organizations, Forensic Accounting Basics |
| 21CN3007 | Portfolio Management | Discipline Specific Elective (DSE) | 4 | Investment Environment and Process, Risk and Return Analysis, Modern Portfolio Theory, Portfolio Construction and Selection, Portfolio Performance Evaluation, Mutual Funds and Hedge Funds |
| 21CN3008 | International Business | Generic Elective Course (GEC) | 3 | Globalization and International Trade Theories, Foreign Exchange Market, International Financial Institutions, Global Marketing Strategies, Entry Strategies into International Markets, Cross-Cultural Business |
| 21CN3009 | Business Ethics & Corporate Social Responsibility | Skill Enhancement Course (SEC) | 2 | Ethical Theories in Business, Corporate Social Responsibility (CSR), Stakeholder Management, Environmental Ethics, Ethical Leadership and Decision Making, Whistleblowing and Corporate Scandals |
| 21CN3010 | Industrial Training / Internship | Skill Enhancement Course (SEC) | 2 | Practical Application of Accounting Knowledge, Industry Exposure and Organizational Structure, Professional Skill Development, Report Preparation and Presentation, Networking and Career Planning |
