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B-COM-HONOURS in Accountancy at Maheshtala College
South 24 Parganas, West Bengal
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About the Specialization
What is Accountancy at Maheshtala College South 24 Parganas?
This Accountancy program at Maheshtala College, affiliated with the University of Calcutta, focuses on developing a strong foundation in financial accounting, corporate finance, taxation, auditing, and management accounting. The curriculum is designed to meet the evolving demands of the Indian financial sector, equipping students with essential skills for roles in various accounting and finance domains. It emphasizes both theoretical knowledge and practical application.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, finance, or auditing roles in India. It also benefits individuals aiming for professional certifications like CA, CMA, or CS, providing a solid academic base. High school graduates with a strong aptitude for numbers, logical reasoning, and an interest in business finance and compliance will find this program rewarding.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths, including roles as accountants, auditors, tax consultants, financial analysts, and compliance officers in companies, CA firms, and government sectors. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs annually, with significant growth potential up to INR 8-15 Lakhs for experienced professionals, often aligning with professional certifications.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals Early- (Semester 1-2)
Dedicate extra time to understand core concepts in Financial Accounting I and II, as these form the bedrock for all advanced accounting subjects. Ensure clarity on journal entries, ledgers, final accounts, and basic legal frameworks. Leverage online tutorials and practice problems regularly.
Tools & Resources
Textbook exercises, Khan Academy, YouTube tutorials on Tally basics, Peer study groups
Career Connection
Strong fundamentals are crucial for cracking entry-level accounting roles and preparing for professional exams like CA Foundation, providing a competitive edge.
Develop Proficiency in Business Software- (Semester 1-2)
Beyond theoretical knowledge, gain practical skills in essential business software. Focus on MS Excel for data analysis and Tally ERP for accounting. Seek opportunities to practice data entry, financial statement generation, and basic ledger management.
Tools & Resources
MS Office Suite, Tally ERP (student version or college lab access), Online Excel courses
Career Connection
Employers in India highly value candidates proficient in accounting software, making you job-ready for roles like Junior Accountant or Data Entry Operator.
Engage in Early Professional Networking- (Semester 1-2)
Start attending departmental seminars, webinars, and guest lectures from industry experts and senior professionals. Connect with faculty mentors to understand career paths and seek guidance. Participate in college business clubs to build presentation and communication skills.
Tools & Resources
College career services, LinkedIn, Industry webinars, Commerce Association events
Career Connection
Early networking helps in understanding industry trends, identifying internship opportunities, and building professional relationships that can be invaluable for future placements.
Intermediate Stage
Focus on Taxation and Corporate Laws- (Semester 3-4)
Deep dive into Income Tax Law & Practice and Corporate Law. The Indian regulatory environment is complex; a strong understanding of GST, Companies Act, and tax compliance will set you apart. Regularly read financial news and budget updates.
Tools & Resources
ICAI study materials (for context), Taxmann publications, Government of India finance portals
Career Connection
Expertise in Indian taxation and corporate laws is highly sought after by CA firms, tax consultancies, and corporate legal departments, opening doors to specialized roles.
Pursue an Accounting Internship- (Semester 4-5 summer break)
Seek a short-term internship (1-3 months) at a local CA firm, an SME, or the finance department of a company. This provides invaluable hands-on experience in areas like bookkeeping, GST filing, audit support, or financial statement preparation.
Tools & Resources
College placement cell, Internshala, Naukri.com, Local business directories
Career Connection
Practical experience is a major differentiator in the Indian job market, significantly improving your chances of securing a good job post-graduation and giving a taste of real-world challenges.
Participate in Commerce Competitions and Workshops- (Semester 3-5)
Actively participate in inter-college commerce fests, quiz competitions, case study challenges, and workshops on advanced topics like financial modeling or data analytics. This enhances problem-solving, teamwork, and presentation skills.
Tools & Resources
College notices, Online platforms for business competitions, Udemy/Coursera for skill workshops
Career Connection
Such participation builds a strong resume, showcases practical skills, and broadens your professional network, making you more attractive to potential employers.
Advanced Stage
Prepare for Professional Certifications- (Semester 5-6)
Align your studies with the curriculum of professional courses like CA, CMA, CS, or ACCA if you plan to pursue them. Start preliminary preparation or coaching alongside your final year studies. Focus on advanced accounting, auditing, and financial management topics.
Tools & Resources
ICAI, ICMAI, ICSI official websites, Reputed coaching institutes, Previous year question papers
Career Connection
Professional certifications are highly valued in India and open doors to leadership roles, higher salaries, and specialized expertise in the accounting and finance industry.
Undertake a Comprehensive Project Work- (Semester 6)
Select a relevant topic for your Project Work/Viva Voce that allows you to apply theoretical knowledge to a real-world business problem, possibly involving financial analysis, market research, or an audit study. Focus on robust data collection and analytical skills.
Tools & Resources
Academic journals, Company annual reports, Statistical software (if applicable), Faculty mentor guidance
Career Connection
A well-executed project demonstrates research, analytical, and problem-solving abilities, which are critical for securing analyst or research roles and higher studies.
Intensive Placement Preparation- (Semester 6)
Engage in rigorous placement preparation, including resume building, mock interviews (both HR and technical), and group discussions. Brush up on core accounting, finance, and general awareness. Utilize college placement services for guidance and opportunities.
Tools & Resources
College placement cell, Aptitude test books, Online interview preparation platforms, Company-specific previous year questions
Career Connection
Dedicated preparation ensures you are well-equipped to clear campus placements and secure desirable job offers from leading companies and firms in the Indian market.
Program Structure and Curriculum
Eligibility:
- A candidate taking up Honours must have obtained: (i) A minimum of 50% marks in the aggregate AND 45% marks in Commerce or related subject at the previous qualifying examination. OR (ii) 55% marks in Commerce or related subject at the previous qualifying examination. OR (iii) 50% marks in the aggregate when the candidate has not studied Commerce or any related subject in his/her previous qualifying examination. In this case, 60% marks in aggregate are to be obtained in HS or equivalent examination. (iv) For SC/ST Candidates, the minimum marks for eligibility for admission to Honours Course are 40% in aggregate or 40% in the subject or related subject.
Duration: 6 semesters / 3 years
Credits: 128 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 Fundamentals, Depreciation Accounting, Inventory Valuation, Company Final Accounts, Accounting for Non-Profit Organizations |
| CC 1.2 Chg | Business Law | Core Course | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Indian Partnership Act, 1932, Limited Liability Partnership Act, 2008 |
| GE 1.1 Chg | Microeconomics I | Generic Elective | 6 | Basic Concepts of Economics, Demand and Supply Analysis, Consumer Behavior, Production and Cost Analysis, Market Structures (Perfect Competition) |
| AECC 1.1 Chg | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Ecosystems and Biodiversity, Environmental Pollution, Global Environmental Issues, Sustainable Development, Environmental Protection Acts |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 2.1 Chg | Financial Accounting II | Core Course | 6 | Consignment Accounts, Joint Venture Accounts, Hire Purchase and Installment Systems, Departmental Accounts, Insolvency Accounts |
| CC 2.2 Chg | Corporate Law | Core Course | 6 | Companies Act, 2013 (Incorporation, Share Capital), Management and Administration, Meetings and Resolutions, Dividends and Accounts, Audit and Auditors |
| GE 2.1 Chg | Microeconomics II | Generic Elective | 6 | Imperfect Competition (Monopoly, Oligopoly), Pricing Strategies, Factor Pricing, Welfare Economics, Market Failure and Public Goods |
| AECC 2.1 Chg | English/MIL Communication | Ability Enhancement Compulsory Course | 2 | Essentials of Communication, Types of Communication, Writing Skills (Reports, Letters), Presentation Skills, Reading Comprehension |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 3.1 Chg | Corporate Accounting | Core Course | 6 | Issue and Forfeiture of Shares and Debentures, Redemption of Debentures, Profit Prior to Incorporation, Amalgamation, Absorption, Reconstruction, Valuation of Goodwill and Shares |
| CC 3.2 Chg | Income Tax Law & Practice | Core Course | 6 | Basic Concepts of Income Tax, Heads of Income (Salaries, House Property), Profits and Gains of Business or Profession, Capital Gains, Other Sources, Deductions from Gross Total Income |
| CC 3.3 Chg | Cost Accounting | Core Course | 6 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Job and Batch Costing |
| SEC 3.1 Chg | Computer Applications in Business | Skill Enhancement Course | 2 | Introduction to Computers, Operating System and MS Office, Database Management Systems, Business Accounting Software (e.g., Tally), Networking and Internet Concepts |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 4.1 Chg | Auditing & Assurance | Core Course | 6 | Introduction to Auditing, Types of Audit, Audit Planning and Documentation, Vouching and Verification, Audit Report and Professional Ethics |
| CC 4.2 Chg | Indirect Tax Law | Core Course | 6 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Time and Value of Supply, Customs Act |
| CC 4.3 Chg | Management Accounting | Core Course | 6 | Introduction to Management Accounting, Financial Statement Analysis (Ratio Analysis), Fund Flow and Cash Flow Statements, Marginal Costing and Break-Even Analysis, Budgetary Control |
| SEC 4.1 Chg | E-Commerce | Skill Enhancement Course | 2 | Introduction to E-Commerce, E-Payment Systems, E-Security Issues, E-Marketing, Legal and Ethical Issues in E-Commerce |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSE 5.1 A | Financial Reporting | Discipline Specific Elective | 6 | Conceptual Framework of Financial Reporting, Indian Accounting Standards (Ind AS), IFRS Convergence, Segment Reporting, Interim Financial Reporting |
| DSE 5.2 A | Financial Management | Discipline Specific Elective | 6 | Objectives of Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Leverage Analysis |
| DSE 5.3 A | Banking & Insurance | Discipline Specific Elective | 6 | Introduction to Banking System (RBI, Commercial Banks), Commercial Bank Operations, Introduction to Insurance, Types of Insurance (Life, General), IRDA and Regulations |
| CC 5.1 Chg | Business Statistics | Core Course | 6 | Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Index Numbers, Time Series Analysis, Probability Theory and Distributions |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSE 6.1 A | Risk Management & Hedging | Discipline Specific Elective | 6 | Introduction to Risk Management, Financial Derivatives (Forwards, Futures, Options), Hedging Strategies, Value at Risk (VaR), Credit Risk Management |
| DSE 6.2 A | International Business | Discipline Specific Elective | 6 | Introduction to International Business, Theories of International Trade, Foreign Exchange Market, International Financial Institutions, International Marketing and Human Resource Management |
| DSE 6.3 A | Project Work/Viva Voce | Discipline Specific Elective | 6 | Identification of Research Problem, Literature Review and Research Design, Data Collection and Analysis, Report Writing and Presentation, Viva Voce Examination |
| CC 6.1 Chg | Business Mathematics | Core Course | 6 | Matrices and Determinants, Calculus (Differentiation, Integration), Linear Programming, Compound Interest and Annuity, Set Theory and Logic |
