.png&w=1920&q=75)
BACHELOR-OF-COMMERCE in Accountancy at Panchla Mahavidyalaya
Howrah, West Bengal
.png&w=1920&q=75)
About the Specialization
What is Accountancy at Panchla Mahavidyalaya Howrah?
This Accountancy program at Panchla Mahavidyalaya focuses on equipping students with comprehensive knowledge and practical skills essential for a career in finance and accounting. It delves into the intricacies of financial reporting, auditing, taxation, and management accounting, aligning with the robust demands of the Indian economic landscape. The program emphasizes a strong theoretical foundation coupled with practical applications in various business scenarios.
Who Should Apply?
This program is ideal for 10+2 graduates with a strong aptitude for numbers and an interest in business finance. It caters to freshers aspiring to enter the accounting profession, prepare for professional certifications like CA/CS/CMA, or pursue higher studies in commerce and management. Students seeking a foundational understanding for entrepreneurship or managing a family business will also find it highly beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as accountants, auditors, tax consultants, financial analysts, and management trainees across various industries. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with significant growth potential up to INR 8-15 lakhs for experienced professionals. The curriculum often aligns well with the initial stages of prominent professional accounting certifications.
Student Success Practices
Foundation Stage
Build Strong Accounting Fundamentals- (Semester 1-2)
Focus intensely on Financial Accounting I and II, Principles of Management, and Business Law. Develop a clear understanding of debit-credit rules, financial statement preparation, and legal aspects of business. Regular practice with ledger entries and financial problem-solving is crucial.
Tools & Resources
Standard textbooks (e.g., M.C. Shukla, S.N. Maheshwari), University question banks, Online basic accounting tutorials, Tally Education (basic modules)
Career Connection
A solid foundation is crucial for clearing intermediate professional exams (e.g., CA Inter, CMA Inter) and excelling in entry-level accounting roles, ensuring accuracy in financial record-keeping.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Engage actively with Microeconomics-I and II and the mathematical aspects within accounting. Practice case studies and numerical problems regularly to strengthen analytical thinking and logical reasoning, essential for financial analysis.
Tools & Resources
College study groups, Problem-solving workshops, Khan Academy for economics and math concepts, Business case study competitions
Career Connection
These skills are vital for financial analysis, strategic decision-making roles, and interpreting market trends, making graduates valuable assets in any business context within India.
Enhance Communication and Environmental Awareness- (Semester 1-2)
Actively participate in English Language/MIL courses and Environmental Studies. Practice written and verbal communication through presentations, essays, and group discussions. Stay informed about contemporary business and environmental issues.
Tools & Resources
College debate clubs, NSS/NCC activities, Business newspapers (e.g., The Economic Times), Grammar and vocabulary building apps
Career Connection
Effective communication is indispensable for client interaction, team collaboration, and presenting financial reports, while environmental awareness fosters responsible and sustainable business practices.
Intermediate Stage
Master Core Corporate and Cost Accounting- (Semester 3-4)
Dive deep into Corporate Accounting, Cost and Management Accounting I and II, and Auditing. Focus on practical application through case studies involving company accounts, cost control techniques, and audit procedures. Understand the regulatory framework for corporate accounting.
Tools & Resources
Utilize accounting software like Tally ERP.9 (as taught in SECs), Seek informal internships with local CA firms for observational learning, Industry journals and professional body publications
Career Connection
These subjects form the backbone of corporate finance roles, internal auditing, and cost management, directly leading to positions in accounting departments of mid to large-sized companies in India.
Gain Practical Software Proficiency- (Semester 3-4)
Excel in Computer Applications in Business and E-Commerce courses. Learn to effectively use spreadsheet software for financial modeling and reporting, and gain an understanding of online business operations and digital tools.
Tools & Resources
Practice extensively with MS Excel (pivot tables, VLOOKUP), Explore basic database management tools, Online certifications in advanced Excel or digital literacy, E-commerce platform tutorials
Career Connection
Proficiency in accounting software and digital tools is a non-negotiable skill for modern accountants, increasing efficiency and opening doors to specialized roles in e-commerce and digital finance sectors.
Network and Explore Specializations- (Semester 3-5)
Attend webinars and workshops on Taxation, Financial Systems, and Auditing. Start exploring areas of specialization for future career paths (e.g., direct vs. indirect taxation, financial analysis) and connect with professionals.
Tools & Resources
Connect with alumni on LinkedIn, Attend industry seminars (virtual or local), Consult faculty for career guidance, Read business journals and financial news for sector insights
Career Connection
Networking provides invaluable insights into industry trends and job opportunities, while early specialization helps in making informed career choices and building a focused, in-demand skill set.
Advanced Stage
Prepare for Taxation and E-filing Expertise- (Semester 5-6)
Master Taxation I and II, and Computerised Accounting & E-filing. Understand the nuances of direct and indirect taxes (Income Tax, GST) and gain hands-on experience with e-filing procedures, vital for compliance roles.
Tools & Resources
Practice using income tax and GST portals for return filing simulations, Utilize advanced features of Tally or similar accounting software for tax compliance, Refer to official government tax publications
Career Connection
This knowledge is directly applicable to highly sought-after roles as tax consultants, compliance officers, and accountants specializing in taxation, critical for businesses operating in India.
Develop Project Management and Entrepreneurial Skills- (Semester 6)
Focus on Project Management & Entrepreneurship and Fundamentals of Human Resource Management. Engage in mini-projects, business plan competitions, or case study analyses to develop leadership and innovation capabilities.
Tools & Resources
Explore project management tools (e.g., Asana, Trello free versions), Attend workshops on startup ecosystems and business development, Read case studies on Indian entrepreneurial ventures
Career Connection
These skills are crucial for leadership roles, starting one''''s own venture, or contributing effectively to new business initiatives within existing organizations, fostering a growth mindset.
Intensive Placement Preparation- (Semester 6)
Actively participate in campus placement drives, refine your resume to highlight relevant skills and experiences, and practice interview skills, including technical and HR rounds. Seek continuous feedback for improvement.
Tools & Resources
Utilize college placement cell resources for mock interviews and resume reviews, Online interview preparation platforms (e.g., Glassdoor, InterviewBit), Build a professional LinkedIn profile to showcase accomplishments
Career Connection
This stage is critical for securing desired job roles upon graduation, leveraging all the knowledge and skills acquired throughout the program for a successful career launch in the competitive Indian job market.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 examination or its equivalent from any recognized board/council with at least 50% aggregate marks and 45% marks in the subject concerned, or 55% marks in the subject concerned, or 50% marks in aggregate when the candidate has not studied the subject concerned.
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 | 6 | Theoretical Framework, Accounting Process (Recording), Accounting Process (Preparation of Financial Statements), Accounting for Special Transactions (Consignment, Joint Venture) |
| CC 1.2 Chg | Principles of Management | Core | 6 | Introduction to Management, Planning, Organizing, Directing, Controlling |
| AECC 1.1 Chg | Environmental Studies | Ability Enhancement Compulsory | 2 | Introduction to Environmental Studies, Natural Resources and Ecosystems, Biodiversity and Conservation, Environmental Pollution, Social Issues and the Environment |
| GE 1.1 Chg | Microeconomics-I | Generic Elective | 6 | Introduction to Microeconomics, Demand and Supply Analysis, Theory of Consumer Behaviour, Theory of Production and Cost, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 2.1 Chg | Financial Accounting-II | Core | 6 | Advanced Accounting for Companies (Share Capital, Debentures), Final Accounts of Companies, Cash Flow Statement, Valuation of Goodwill and Shares |
| CC 2.2 Chg | Business Law | Core | 6 | Indian Contract Act (General Principles), Special Contracts (Indemnity, Guarantee, Bailment, Pledge, Agency), Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act |
| AECC 2.1 Chg | English Language / MIL | Ability Enhancement Compulsory | 2 | Reading Comprehension, Writing Skills (Reports, Emails), Grammar and Vocabulary, Communication for Business |
| GE 2.1 Chg | Microeconomics-II | Generic Elective | 6 | Perfect Competition, Monopoly and Monopolistic Competition, Oligopoly, Factor Pricing (Rent, Wages, Interest, Profit) |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 3.1 Chg | Corporate Accounting | Core | 6 | Accounting for Amalgamation, Absorption and Reconstruction of Companies, Liquidation of Companies, Holding Companies, Accounting for Banking and Insurance Companies |
| CC 3.2 Chg | Cost and Management Accounting – I | Core | 6 | Introduction to Cost Accounting, Cost Ascertainment (Elements of Cost), Costing Methods (Job, Batch, Contract), Process Costing, Reconciliation of Cost and Financial Accounts |
| CC 3.3 Chg | Indian Financial System | Core | 6 | Introduction to Indian Financial System, Financial Markets (Money Market, Capital Market), Financial Institutions (Banking, Non-Banking), RBI and Monetary Policy, SEBI and Capital Market Regulation |
| SEC 3.1 Chg | Computer Applications in Business | Skill Enhancement | 2 | Introduction to Computer Applications, Word Processing, Spreadsheets (MS Excel), Presentation Software, Database Management Systems (Basic concepts) |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 4.1 Chg | Auditing and Assurance | Core | 6 | Introduction to Auditing, Audit Planning and Internal Control, Vouching and Verification, Company Audit, Audit Report |
| CC 4.2 Chg | Cost and Management Accounting – II | Core | 6 | Marginal Costing and Break-Even Analysis, Budgetary Control, Standard Costing, Relevant Costing for Decision Making, Responsibility Accounting |
| CC 4.3 Chg | Business Mathematics and Statistics | Core | 6 | Mathematics of Finance (Simple & Compound Interest, Annuity), Basic Calculus (Differentiation, Integration in Business), Measures of Central Tendency and Dispersion, Correlation and Regression Analysis, Index Numbers and Time Series Analysis |
| SEC 4.1 Chg | E-Commerce | Skill Enhancement | 2 | Introduction to E-commerce, Business Models for E-commerce, Payment Systems in E-commerce, Security Issues in E-commerce, Legal and Ethical Issues in E-commerce |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 5.1 Chg | Company Law | Core | 6 | Formation and Incorporation of Company, Shares and Share Capital, Debentures, Company Management and Administration, Meetings and Resolutions, Winding up of Company |
| CC 5.2 Chg | Principles of Marketing | Core | 6 | Introduction to Marketing, Marketing Environment and Consumer Behaviour, Market Segmentation, Targeting and Positioning, Product, Price, Promotion Decisions, Distribution Decisions |
| DSE 5.1 Chg | Taxation - I (Direct Tax) | Discipline Specific Elective | 6 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources |
| DSE 5.2 Chg | Accounting and Taxation Software | Discipline Specific Elective | 6 | Introduction to Tally ERP.9, Company Creation and Master Data, Accounting Vouchers and Inventory Management, Payroll, GST (Goods and Services Tax) in Tally, Financial Statements and Reports |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 6.1 Chg | Project Management & Entrepreneurship | Core | 6 | Introduction to Project Management, Project Planning and Appraisal, Project Implementation and Control, Entrepreneurship Development, Small Business Management |
| CC 6.2 Chg | Fundamentals of Human Resource Management | Core | 6 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Management, Compensation Management |
| DSE 6.1 Chg | Taxation - II (Indirect Tax) | Discipline Specific Elective | 6 | Introduction to Goods and Services Tax (GST), Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration, Returns and Payment of GST, Customs Law (Basic Concepts) |
| DSE 6.2 Chg | Computerised Accounting and E-filing | Discipline Specific Elective | 6 | Advanced Tally ERP.9 Features, Data Security and Backup, E-filing of Income Tax Returns (ITR), E-filing of GST Returns, Payroll Processing Software |
