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BCOM in Accountancy Honours at Lalbaba College
Howrah, West Bengal
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About the Specialization
What is Accountancy (Honours) at Lalbaba College Howrah?
This Accountancy Honours program at Lalbaba College, affiliated with the University of Calcutta, focuses on providing a comprehensive understanding of financial accounting, corporate reporting, auditing, taxation, and financial management. It delves into the intricacies of Indian financial practices and regulatory frameworks, preparing students for dynamic roles in the country''''s burgeoning financial sector. The program emphasizes a strong theoretical foundation coupled with practical applications relevant to the Indian industry.
Who Should Apply?
This program is ideal for high school graduates with a strong aptitude for numbers, analytical thinking, and an interest in business finance and compliance. It suits fresh graduates aspiring for entry-level roles in auditing firms, corporate finance departments, or tax consultancy in India. It''''s also beneficial for those planning to pursue professional certifications like CA, CS, or CMA, as it lays a robust academic groundwork.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as Junior Accountants, Auditors, Tax Consultants, Financial Analysts, or aspiring Chartered Accountants. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with significant growth trajectories for experienced professionals, potentially reaching INR 8-15 lakhs or more in senior roles. The curriculum aligns well with the foundation and intermediate levels of many Indian professional accounting certifications.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals- (Semester 1-2)
Thoroughly understand the basic principles of financial accounting, journal entries, ledger posting, and preparation of final accounts. Practice regularly using textbook exercises and online resources to build a strong base.
Tools & Resources
NPTEL lectures on Financial Accounting, Tally ERP 9 practice (basic modules), Peer study groups
Career Connection
A robust foundation is critical for advanced accounting concepts and professional exams like CA Foundation, making you highly employable in entry-level accounting roles.
Develop Strong Communication Skills- (Semester 1-2)
Actively participate in classroom discussions, group projects, and presentations. Focus on improving written and verbal communication, especially in English, as it is crucial for corporate interactions and client dealings.
Tools & Resources
English communication workshops, Online grammar tools like Grammarly, Toastmasters International local clubs (if available)
Career Connection
Effective communication skills differentiate you in job interviews and are essential for leadership roles and client management in the accounting and finance industry.
Engage with General Economics and Management- (Semester 1-2)
Beyond core accounting, pay attention to microeconomics, macroeconomics, and management principles. These subjects provide a broader business context necessary for strategic financial decision-making.
Tools & Resources
NCERT Economics textbooks (Class 11 & 12), Business news channels (e.g., ET Now, CNBC TV18), Basic business management books
Career Connection
A holistic understanding of business environment helps you interpret financial data more effectively and positions you for roles beyond pure bookkeeping.
Intermediate Stage
Explore Practical Software Applications- (Semester 3-4)
Gain hands-on experience with accounting software like Tally Prime (widely used in India) and enhance proficiency in MS Excel for financial analysis, data management, and reporting. Seek out college workshops or online courses.
Tools & Resources
Tally Education Partner programs, Microsoft Excel certifications (e.g., from Udemy/Coursera), College computer labs for practice
Career Connection
Proficiency in accounting software and Excel is a direct requirement for most accounting and finance jobs in India, significantly boosting your employability and efficiency.
Undertake Mini-Projects and Internships- (Semester 3-5)
Actively seek short-term internships or volunteer for mini-projects in local businesses, NGOs, or CAs'''' offices during breaks. This provides real-world exposure to financial transactions, taxation, and auditing processes.
Tools & Resources
College placement cell, LinkedIn for internship searches, Local CA firms in Howrah/Kolkata
Career Connection
Practical experience through internships is invaluable for building a resume, developing industry-specific skills, and often leads to pre-placement offers or networking opportunities.
Participate in Academic Competitions- (Semester 3-5)
Engage in inter-college accounting quizzes, case study competitions, or debate clubs. This not only enhances your subject knowledge but also develops critical thinking, problem-solving, and teamwork skills.
Tools & Resources
College Commerce Society events, National level competitions (e.g., organized by ICAI student forums), Business newspapers and magazines
Career Connection
Participation in competitions demonstrates initiative, intellectual curiosity, and soft skills to potential employers, setting you apart in the competitive job market.
Advanced Stage
Deep Dive into Taxation and Auditing- (Semester 5-6)
Focus intently on Direct Tax (Income Tax) and Indirect Tax (GST), and Auditing & Assurance. These are high-demand areas in India. Stay updated with budget changes and amendments through financial news.
Tools & Resources
Taxmann publications, Official websites of CBDT and CBIC, CA study materials for practical insights
Career Connection
Specialized knowledge in Indian taxation and auditing is highly sought after by accounting firms, corporations, and tax consultancies, leading to specialized and lucrative career paths.
Prepare for Professional Certifications- (Semester 5-6)
Simultaneously begin preparing for professional qualifications like CA, CS, or CMA (India) after completing relevant B.Com modules. The B.Com curriculum forms a strong base, making it easier to tackle these exams.
Tools & Resources
ICAI, ICSI, and ICAI (Cost) official websites for syllabus and past papers, Coaching institutes in Kolkata (if feasible), Online mock tests
Career Connection
Professional certifications are game-changers in the Indian finance sector, opening doors to high-paying jobs, leadership roles, and independent practice.
Network and Attend Industry Seminars- (Semester 5-6)
Connect with alumni, professors, and industry professionals. Attend webinars, seminars, and workshops organized by professional bodies or industry associations to understand current trends and expand your professional network.
Tools & Resources
LinkedIn professional networking, Events by ICAI, FICCI, CII, Alumni association events of Lalbaba College
Career Connection
Networking is crucial for job referrals, mentorship, and staying informed about industry demands, significantly enhancing your placement prospects and future career growth.
Program Structure and Curriculum
Eligibility:
- 10+2 examination passed with 45% marks in aggregate or 50% marks in the subject or related subject at the previous qualifying examination, as per University of Calcutta norms.
Duration: 3 years (6 semesters)
Credits: 140 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 | 6 | Accounting Principles, Accounting Cycle, Final Accounts of Sole Proprietorship, Consignment Accounts, Joint Venture Accounts |
| CC 1.2 CHG | Principles of Management | Core Course | 6 | Nature and Significance of Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Managerial Ethics and Social Responsibility |
| GE 1.1 CHG | Microeconomics I | Generic Elective | 6 | Introduction to Economics, Consumer Behavior and Demand, Production and Cost Analysis, Market Structures, Factor Pricing and Income Distribution |
| AECC 1.1 CHG | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Biodiversity and Conservation, Environmental Pollution, Environmental Ethics and Human Rights |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 2.1 CHG | Financial Accounting II | Core Course | 6 | Partnership Accounts, Dissolution of Partnership Firm, Hire Purchase and Installment Systems, Royalty Accounts, Departmental Accounts |
| CC 2.2 CHG | Marketing Management and Human Resource Management | Core Course | 6 | Introduction to Marketing, Product and Pricing Decisions, Promotion and Distribution Decisions, Introduction to Human Resource Management, HR Planning, Recruitment, and Selection |
| GE 2.1 CHG | Macroeconomics I | Generic Elective | 6 | National Income Accounting, Determination of Output and Employment, Money and Inflation, Open Economy Macroeconomics, Fiscal and Monetary Policy |
| AECC 2.1 CHG | English Communication | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Grammar and Vocabulary, Reading and Writing Skills, Listening and Speaking Skills, Business Communication Etiquette |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 3.1 CHG | Corporate Accounting I | Core Course | 6 | Issue and Forfeiture of Shares, Redemption of Debentures, Underwriting of Shares, Bonus Shares and Right Shares, Buy-back of Shares |
| CC 3.2 CHG | Cost and Management Accounting I | Core Course | 6 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Cost Control, Labour Cost Control, Overhead Costing |
| CC 3.3 CHG | Indian Financial System | Core Course | 6 | Overview of Indian Financial System, Financial Markets (Money & Capital Market), Financial Institutions, Financial Instruments, Regulatory Bodies (RBI, SEBI) |
| SEC 3.1 CHG | E-Commerce | Skill Enhancement Course | 2 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, E-Security and Legal Aspects, E-Marketing and Customer Relationship Management |
| GE 3.1 CHG | Principles of Microeconomics | Generic Elective | 6 | Theory of Consumer Behavior, Theory of Production and Cost, Market Structures (Perfect Competition, Monopoly), Monopolistic Competition and Oligopoly, Welfare Economics |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 4.1 CHG | Corporate Accounting II | Core Course | 6 | Internal and External Reconstruction, Amalgamation and Absorption of Companies, Liquidation of Companies, Valuation of Shares and Goodwill, Consolidated Financial Statements |
| CC 4.2 CHG | Cost and Management Accounting II | Core Course | 6 | Marginal Costing and Decision Making, Budgetary Control, Standard Costing and Variance Analysis, Fund Flow Statement, Cash Flow Statement |
| CC 4.3 CHG | Taxation I (Direct Tax) | Core Course | 6 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salary, Income from House Property, Profits and Gains of Business or Profession |
| SEC 4.1 CHG | Computer Applications in Business | Skill Enhancement Course | 2 | Introduction to Computers, MS Word for Business, MS Excel for Business Data Analysis, MS PowerPoint for Presentations, Database Concepts (MS Access) |
| GE 4.1 CHG | Principles of Macroeconomics | Generic Elective | 6 | Classical and Keynesian Theories of Employment, Theories of Money and Banking, Inflation and Deflation, Business Cycles, Fiscal and Monetary Policies |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 5.1 CHG | Auditing and Assurance | Core Course | 6 | Introduction to Auditing, Audit Planning and Internal Control, Vouching and Verification, Audit of Limited Companies, Audit Report and Professional Ethics |
| CC 5.2 CHG | Taxation II (Indirect Tax) | Core Course | 6 | Introduction to Goods and Services Tax (GST), Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, GST Procedures and Returns |
| DSE 5.1 AH | Financial Reporting & Disclosure | Discipline Specific Elective (Accountancy Honours) | 6 | Conceptual Framework for Financial Reporting, Indian Accounting Standards (Ind AS), International Financial Reporting Standards (IFRS), Segment Reporting, Related Party Disclosures |
| DSE 5.2 AH | Financial Management | Discipline Specific Elective (Accountancy Honours) | 6 | Nature and Scope of Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Capital Structure Theories |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 6.1 CHG | Financial Statement Analysis | Core Course | 6 | Objectives of Financial Statement Analysis, Ratio Analysis, Comparative and Common Size Statements, Trend Analysis, Cash Flow Statement Analysis (Ind AS 7) |
| CC 6.2 CHG | Project Work/Viva Voce | Core Course | 6 | Research Methodology in Commerce, Data Collection and Analysis, Report Writing and Documentation, Presentation Skills, Viva Voce Preparation |
| DSE 6.1 AH | Management Accounting | Discipline Specific Elective (Accountancy Honours) | 6 | Nature and Scope of Management Accounting, Decision Making Techniques (CVP, Relevant Costing), Responsibility Accounting, Transfer Pricing, Performance Measurement and Strategic Management Accounting |
| DSE 6.2 AH | Indian Accounting Standard & IFRS | Discipline Specific Elective (Accountancy Honours) | 6 | Evolution of Accounting Standards in India, Framework of Indian Accounting Standards (Ind AS), Key Ind AS (e.g., Revenue, Inventories, PPE), Convergence with IFRS, Global Accounting Practices |
