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B-COM-FINANCE-TAXATION in Finance Taxation at Kuriakose Elias College, Mannanam
Kottayam, Kerala
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About the Specialization
What is Finance & Taxation at Kuriakose Elias College, Mannanam Kottayam?
This Finance & Taxation program at Kuriakose Elias College focuses on equipping students with a robust understanding of financial management principles, intricate taxation laws, advanced accounting practices, and the dynamics of Indian financial markets. It is designed to prepare graduates for diverse roles in the rapidly evolving Indian economy, addressing the significant industry demand for skilled professionals in these critical domains.
Who Should Apply?
This program is ideal for 10+2 graduates, particularly those with a commerce background, who aspire to build a career in accounting, tax consultancy, financial analysis, or entrepreneurship. It caters to individuals seeking a strong theoretical foundation coupled with practical skills in the nuances of Indian financial and taxation systems, preparing them for immediate professional entry.
Why Choose This Course?
Graduates of this program can expect to secure roles as Junior Accountants, Tax Assistants, Financial Executives, or Auditors in various Indian companies, banking sectors, and consulting firms. Entry-level salaries typically range from INR 2.5 LPA to 4 LPA, with substantial growth potential. The curriculum also aligns with foundational knowledge required for professional certifications like CA, CMA, and CS in India.
Student Success Practices
Foundation Stage
Master Core Accounting Fundamentals- (Semester 1-2)
Dedicate time in semesters 1-2 to build a strong foundation in financial accounting principles, journal entries, ledger posting, and final accounts. Practice numerous problems from textbooks and supplementary materials daily. Utilize online tutorials and question banks from platforms like ICAI study materials for foundational concepts.
Tools & Resources
Textbooks (e.g., T.S. Grewal), ICAI Study Material, YouTube tutorials on Accounting Basics
Career Connection
A solid understanding of accounting basics is non-negotiable for all finance and taxation roles, serving as the bedrock for advanced subjects and ensuring accuracy in professional tasks.
Proactive Engagement with Business Laws- (Semester 1-2)
Actively read and understand the Indian Contract Act, Sale of Goods Act, and other business regulatory frameworks. Form study groups to discuss case studies and legal interpretations. Attend any college-organized seminars or workshops on Indian business law. This builds a strong legal context for future tax and corporate governance studies.
Tools & Resources
Bare Acts and Commentaries, Online legal blogs (e.g., Vakilsearch), College Library resources
Career Connection
Knowledge of business law is crucial for compliance roles, risk management, and understanding the legal implications of financial and taxation decisions in an Indian business environment.
Enhance Quantitative Problem-Solving Skills- (Semester 1-2)
Regularly practice quantitative techniques covered in the curriculum, focusing on statistics, probability, and basic operations research. Solve diverse problems to improve analytical abilities crucial for financial analysis. Utilize online platforms for additional practice questions.
Tools & Resources
R.S. Aggarwal''''s Quantitative Aptitude, Khan Academy (for statistics), Excel for data handling
Career Connection
Strong quantitative skills are essential for financial modeling, data analysis, and making informed business decisions, highly valued in finance and taxation roles.
Intermediate Stage
Specialized Taxation Law Updates- (Semester 3-4)
Beyond classroom learning, regularly follow updates and amendments in Income Tax and GST laws. Subscribe to professional tax journals, attend webinars by tax experts, and discuss current tax issues with faculty or peers. This keeps knowledge current and practical for India''''s dynamic tax landscape.
Tools & Resources
Taxmann journals, Income Tax Department website, GST Portal, Professional Webinars
Career Connection
Staying updated with tax laws is critical for a career in taxation, making graduates highly valuable to firms and companies dealing with compliance and advisory.
Hands-on Computerized Accounting (Tally)- (Semester 3-5)
Start learning TallyPrime early, going beyond basic theoretical understanding. Complete all practical assignments diligently and consider pursuing a basic Tally certification. Practice creating company accounts, managing ledgers, and generating reports. This is a foundational software skill in Indian businesses.
Tools & Resources
TallyPrime Software, Official Tally Academy tutorials, Local Tally training centers
Career Connection
Proficiency in Tally is a key employability skill for entry-level accounting and finance positions in India, enabling immediate contribution to organizational accounting processes.
Engage in Industry-Oriented Workshops & Guest Lectures- (Semester 3-5)
Actively participate in college-organized workshops, guest lectures by industry professionals, and corporate visits. Ask questions, seek insights, and network with speakers. This exposure provides real-world context to academic learning and highlights current industry practices and challenges.
Tools & Resources
College career services, LinkedIn for professional networking, Industry association events (e.g., ICAI local chapters)
Career Connection
Direct interaction with industry helps students understand career paths, gain practical insights, and build a professional network, which can lead to internship and job opportunities.
Advanced Stage
Strategic Project Work & Presentation- (Semester 6)
Choose a project topic directly related to finance or taxation that involves real-world data collection and analysis. Focus on robust research methodology, logical report structuring, and impactful presentation. This culmination of learning showcases analytical and communication skills to potential employers.
Tools & Resources
SPSS/Excel for data analysis, Academic journals, College library research databases
Career Connection
A well-executed project demonstrates independent research capability, critical thinking, and problem-solving skills, significantly enhancing a candidate''''s profile for placements.
Targeted Internship and Placement Preparation- (Semester 5-6)
Actively seek internships in accounting firms, tax consultancies, or corporate finance departments during breaks or the final semester. Simultaneously, engage in intensive placement preparation, including mock interviews, group discussions, and resume building workshops offered by the college career cell. Focus on behavioral and technical interview skills.
Tools & Resources
College Placement Cell, Internshala, Naukri.com, Mock interview platforms
Career Connection
Internships provide invaluable practical experience, often leading to pre-placement offers. Strong placement preparation is essential for securing a desirable job upon graduation.
Professional Certification Exploration- (Semester 5-6 (ongoing preparation))
While pursuing the degree, explore and consider preparing for relevant professional certifications such as NISM (National Institute of Securities Markets) modules for financial markets, Tally Certified Professional, or foundational papers for CA, CMA, or CS. These certifications demonstrate specialized knowledge and significantly enhance career prospects in the competitive Indian job market.
Tools & Resources
NISM study material, Official Tally certification courses, ICAI/ICMAI/ICSI websites for professional course details
Career Connection
Professional certifications provide a competitive edge, validate specialized skills, and often lead to higher earning potential and faster career progression in finance and taxation.
Program Structure and Curriculum
Eligibility:
- Pass in Plus Two or equivalent examination with Commerce subjects or having studied any two of the following subjects: Economics, History, Political Science, Sociology, Geology, Geography, Business Studies, Accountancy, Management, Statistics, Computer Application. A candidate who has not studied any Commerce subject should have a minimum of 45% marks in aggregate. SC/ST candidates need minimum pass marks. OBC candidates get 5% relaxation.
Duration: 6 semesters / 3 years
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CCT01 | English Common Course - I (Literary Journeys) | Common | 4 | Prose and Poetry Readings, Literary Analysis, Grammar and Usage, Communication Skills, Critical Thinking |
| EN1CCT02 | English Common Course - II (Pioneers in Various Fields) | Common | 4 | Biographical Essays, Achievements of Innovators, Writing Skills, Vocabulary Building, Presentation Techniques |
| MC1CMT01 | Managerial Economics | Common Course III | 4 | Introduction to Managerial Economics, Demand Analysis and Forecasting, Production and Cost Analysis, Market Structures, Pricing Strategies |
| CO1CRT01 | Financial Accounting I | Core | 4 | Accounting Principles and Concepts, Journal and Ledger, Trial Balance and Errors, Final Accounts of Sole Proprietorship, Bills of Exchange |
| CO1CMT02 | Business Regulatory Framework | Complementary | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Intellectual Property Rights, Negotiable Instruments Act |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CCT03 | English Common Course - III (Readings on Indian Constitution, Secularism and Sustainable Environment) | Common | 4 | Indian Constitution Overview, Principles of Secularism, Environmental Studies, Essays on Social Issues, Human Rights |
| EN2CCT04 | English Common Course - IV (Spectrum of Knowledge) | Common | 4 | Diverse Topics in Arts and Science, Critical Reading, Essay Writing, Debate and Discussion, Research Skills |
| MC2CMT02 | Management Concepts and Principles | Common Course IV | 4 | Nature and Scope of Management, Functions of Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling |
| CO2CRT02 | Financial Accounting II | Core | 4 | Departmental Accounts, Branch Accounts, Insolvency Accounts, Hire Purchase and Installment Systems, Partnership Accounts - Admission/Retirement |
| CO2CMT03 | Principles of Business Decisions | Complementary | 4 | Decision Making Process, Types of Business Decisions, Risk and Uncertainty in Decisions, Ethical Considerations in Business, Stakeholder Analysis |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AD3CCT01 | Additional Language I (e.g., Malayalam / Hindi / Sanskrit) | Common Course V | 4 | Reading Comprehension, Grammar and Composition, Translation Skills, Cultural Context of Language, Basic Conversation |
| CO3CRT03 | Corporate Accounting I | Core | 4 | Shares and Share Capital, Issue and Forfeiture of Shares, Debentures - Issue and Redemption, Buy Back of Shares, Underwriting of Shares |
| CO3CRT04 | Financial Management | Core | 4 | Nature and Scope of Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Policy |
| CO3CRT05 | Income Tax Law and Practice I | Core (Specialization) | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salary, Income from House Property, Profits and Gains of Business or Profession |
| CO3CMT04 | Quantitative Techniques for Business I | Complementary | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Probability Theory, Time Series Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AD4CCT01 | Additional Language II (e.g., Malayalam / Hindi / Sanskrit) | Common Course VI | 4 | Advanced Grammar, Literary Appreciation, Official Correspondence, Public Speaking, Translation Practice |
| CO4CRT06 | Corporate Accounting II | Core | 4 | Valuation of Shares and Goodwill, Amalgamation of Companies, Internal Reconstruction, Holding Company Accounts, Liquidation of Companies |
| CO4CRT07 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Sheet and Cost Classification, Material Costing, Labour Costing, Overhead Costing |
| CO4CRT08 | Income Tax Law and Practice II | Core (Specialization) | 4 | Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Assessment of Individuals and Firms |
| CO4CMT05 | Quantitative Techniques for Business II | Complementary | 4 | Index Numbers, Analysis of Variance (ANOVA), Chi-Square Test, Linear Programming, Network Analysis (PERT/CPM) |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO5CRT09 | Auditing | Core | 4 | Fundamentals of Auditing, Internal Control and Audit Planning, Vouching and Verification, Company Audit, Audit Report and Certificates |
| CO5CRT10 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Markets (Money and Capital), Financial Institutions (Banks, NBFCs), Financial Instruments, Regulatory Bodies (RBI, SEBI, IRDAI) |
| CO5CRT11 | Goods and Services Tax (GST) | Core (Specialization) | 4 | Introduction to GST Law, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, GST Registration and Returns |
| CO5CRT12 | Computerized Accounting with Tally | Core | 4 | Introduction to TallyPrime, Company Creation and Setup, Ledger and Group Management, Voucher Entry and Accounting Reports, Inventory Management |
| CO5OCT01 | Fundamentals of Accounting | Open Course | 3 | Basic Accounting Concepts, Elements of Financial Statements, Journal, Ledger, Trial Balance, Preparation of Trading and Profit & Loss Account, Balance Sheet |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO6CRT13 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Analysis of Financial Statements, Ratio Analysis, Fund Flow Statement, Cash Flow Statement |
| CO6CRT14 | Accounting for Business Decisions | Core | 4 | Marginal Costing, Cost-Volume-Profit Analysis, Budgetary Control, Standard Costing, Relevant Costing for Decision Making |
| CO6CRT15 | Customs and Central Excise Law | Core (Specialization) | 4 | Customs Act Overview, Types of Customs Duties, Valuation for Customs Duty, Import and Export Procedures, Central Excise Act Basic Concepts |
| CO6CRT16 | Project and Viva Voce | Core | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Viva Voce Preparation |
| CO6ECT01 | Investment Management | Elective Course | 3 | Introduction to Investment, Investment Avenues, Risk and Return Analysis, Security Analysis, Portfolio Management |
