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BCOM-COMMERCE in Accounting Taxation at Patita Paban Mahavidyalaya, Sainkul
Keonjhar, Odisha
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About the Specialization
What is Accounting & Taxation at Patita Paban Mahavidyalaya, Sainkul Keonjhar?
This Accounting & Taxation specialization within the BCom program at Patita Paban Mahavidyalaya focuses on equipping students with expertise in financial reporting, auditing, income tax, and Goods and Services Tax (GST). Given India''''s evolving regulatory landscape, a strong foundation in these areas is crucial for compliance and strategic financial management, meeting the high demand for skilled professionals in various sectors of the Indian economy.
Who Should Apply?
This program is ideal for 10+2 commerce graduates aiming for careers in finance, accounting, and taxation. It suits aspiring Chartered Accountants (CA), Company Secretaries (CS), Cost and Management Accountants (CMA), tax consultants, and financial analysts. Professionals seeking to upskill in accounting software and Indian tax laws, or those looking to transition into the financial services industry, will also find it highly beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in auditing firms, corporate finance departments, taxation advisory, and financial consulting across India. Entry-level salaries typically range from INR 2.5 LPA to 5 LPA, with significant growth potential into senior finance and managerial roles. The curriculum also provides a strong foundation for pursuing advanced professional certifications like CA, CMA, or ACCA in India.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Dedicate time in semesters 1-2 to thoroughly understand fundamental accounting concepts, financial statement preparation, and basic business law. Consistent practice with journal entries, ledger posting, and final accounts is essential for a strong base.
Tools & Resources
NCERT Accountancy books, Basic accounting software tutorials, Practice problems from textbooks
Career Connection
A solid foundation is critical for clearing subsequent advanced accounting and taxation papers and for success in professional exams like CA Foundation.
Develop Communication and Soft Skills- (Semester 1-2)
Actively participate in group discussions, presentations, and extracurricular activities. Work on improving English and MIL communication skills, which are vital for corporate interactions and professional report writing. Engage in college clubs or societies.
Tools & Resources
Toastmasters International (if available), college debate clubs, Online English learning platforms, Public speaking workshops
Career Connection
Effective communication is paramount for client interaction, team collaboration, and excelling in job interviews for accounting and finance roles.
Build Quantitative and Analytical Skills- (Semester 1-2)
Focus on developing strong quantitative aptitude through subjects like Microeconomics, Macroeconomics, and Business Statistics. Practice problem-solving regularly to enhance analytical thinking, which is crucial for financial analysis and decision-making.
Tools & Resources
RS Aggarwal for Quantitative Aptitude, Khan Academy for economics concepts, Excel for basic data analysis
Career Connection
These skills are fundamental for data interpretation, financial modeling, and strategic planning in accounting and taxation careers.
Intermediate Stage
Gain Practical Software Proficiency- (Semester 3-4)
Utilize the Computerized Accounting System (Tally) course to gain hands-on expertise. Beyond the syllabus, practice creating company ledgers, recording transactions, and generating various financial reports independently. Consider additional certifications in Tally or other ERPs.
Tools & Resources
Tally.ERP 9 software, Online Tally tutorials, Local computer training institutes
Career Connection
Proficiency in accounting software like Tally is a non-negotiable skill for entry-level accounting jobs in India and enhances employability significantly.
Deep Dive into Income Tax and Corporate Accounting- (Semester 3-4)
Focus intently on Income Tax Law and Practice and Corporate Accounting papers. Understand the nuances of Indian tax laws, various heads of income, and company final accounts. Refer to professional study materials for deeper insights beyond textbooks.
Tools & Resources
Taxmann''''s Income Tax Ready Reckoner, ICAI study material for IPCC, Corporate law handbooks
Career Connection
Strong knowledge in these areas directly prepares students for roles in corporate accounting, tax compliance, and auditing firms.
Seek Mini-Internships or Apprenticeships- (Semester 3-4)
Actively look for short-term internships or apprenticeships, even unpaid, at local Chartered Accountant firms, tax consultants, or small businesses. This provides invaluable real-world exposure to bookkeeping, tax filing, and auditing processes.
Tools & Resources
College placement cell, Local CA firm directories, Networking with alumni
Career Connection
Practical experience is highly valued by employers and helps bridge the gap between theoretical knowledge and industry requirements, boosting resume appeal.
Advanced Stage
Specialize in Advanced Taxation and Auditing- (Semester 5-6)
Focus on the Goods and Services Tax (GST) & Customs Law, and Auditing & Corporate Governance papers. Understand the latest amendments and practical application of these laws. Engage in case studies related to GST compliance and audit procedures.
Tools & Resources
Official GST portal resources, ICAI Audit Standards, Taxmann''''s GST Manual
Career Connection
Expertise in GST and auditing opens doors to specialized roles in tax advisory, internal audit, and statutory compliance, which are in high demand.
Prepare for Professional Certifications- (Semester 5-6)
Start dedicated preparation for professional examinations like CA Intermediate (IPCC), CMA Intermediate, or ACCA. Align your study with the BCom curriculum to leverage existing knowledge and gain a competitive edge in the finance and accounting industry.
Tools & Resources
Coaching institutes for CA/CMA/ACCA, Official professional body study materials, Peer study groups
Career Connection
These certifications significantly enhance career prospects, leading to higher-paying and more responsible positions in the Indian and global markets.
Engage in Project Work and Networking- (Semester 5-6)
Undertake a research project or case study in areas like financial analysis, investment management, or tax planning. Actively network with faculty, alumni, and industry professionals by attending seminars, workshops, and placement drives.
Tools & Resources
LinkedIn, Professional conferences (online/offline), College alumni network events
Career Connection
Project work demonstrates practical application skills, while networking helps uncover hidden job opportunities and mentorship for career growth and placements.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 6 semesters / 3 years
Credits: 142 Credits
Assessment: Internal: Variable (e.g., 20 marks for Mid-Semester Exam), External: Variable (e.g., 80 marks for End-Semester Exam)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC-101 (GE-1) | Microeconomics | Generic Elective | 6 | Basic Economic Problems, Demand and Supply Analysis, Consumer Behavior Theories, Production and Cost Analysis, Market Structures and Pricing |
| BC-102 (CORE-1) | Financial Accounting - I | Core | 6 | Accounting Concepts and Principles, Accounting Process and Cycle, Journal, Ledger, Trial Balance, Rectification of Errors, Preparation of Final Accounts (Sole Proprietorship) |
| BC-103 (AECC-1) | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Concept of Ecosystems, Natural Resources and their Management, Biodiversity and its Conservation, Environmental Pollution and Control, Social Issues and the Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC-201 (GE-2) | Macroeconomics | Generic Elective | 6 | National Income Accounting, Theory of Money and Banking, Inflation and Unemployment, Business Cycles, Monetary and Fiscal Policies |
| BC-202 (CORE-2) | Business Law | Core | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Indian Partnership Act, 1932 |
| BC-203 (CORE-3) | Financial Accounting – II | Core | 6 | Accounting for Partnership Firms, Admission, Retirement, Death of a Partner, Dissolution of Partnership Firms, Consignment and Joint Venture Accounts, Royalty and Hire Purchase Accounts |
| BC-204 (AECC-2) | English/MIL Communication | Ability Enhancement Compulsory Course | 4 | Theory of Communication, Verbal and Non-verbal Communication, Business Correspondence, Report Writing, Presentation Skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC-301 (GE-3) | Indian Economy | Generic Elective | 6 | Basic Features of Indian Economy, Economic Reforms since 1991, Agriculture and Industrial Policies, Poverty, Unemployment, Inequality, Foreign Trade and Balance of Payments |
| BC-302 (CORE-4) | Corporate Accounting – I | Core | 6 | Issue and Forfeiture of Shares, Issue and Redemption of Debentures, Underwriting of Shares and Debentures, Accounting for Amalgamation, Internal Reconstruction of Companies |
| BC-303 (CORE-5) | Income Tax Law and Practice | Core | 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 |
| BC-304 (CORE-6) | Business Statistics | Core | 6 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
| BC-305 (SEC-1) | E-Commerce | Skill Enhancement Course | 4 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, E-Security and Privacy, E-Marketing and Advertising |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC-401 (GE-4) | Principles of Marketing | Generic Elective | 6 | Marketing Concepts and Environment, Marketing Mix (4 Ps), Product Decisions, Pricing Strategies, Promotion and Distribution Channels |
| BC-402 (CORE-7) | Corporate Accounting – II | Core | 6 | Valuation of Goodwill and Shares, Accounting for Banking Companies, Accounting for Insurance Companies, Cash Flow Statement, Introduction to Consolidated Financial Statements |
| BC-403 (CORE-8) | Cost Accounting | Core | 6 | Nature and Scope of Cost Accounting, Cost Concepts and Classification, Material Costing and Control, Labour Costing, Overhead Costing |
| BC-404 (CORE-9) | Business Mathematics | Core | 6 | Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics (Interest, Annuity), Linear Programming, Set Theory and Relations |
| BC-405 (SEC-2) | Computerized Accounting System | Skill Enhancement Course | 4 | Introduction to Tally.ERP 9, Company Creation and Ledgers, Voucher Entry and Accounting Reports, Inventory Management in Tally, Payroll Processing in Tally |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC-501 (CORE-10) | Principles of Management | Core | 6 | Nature and Scope of Management, Planning and Decision Making, Organizing and Departmentation, Staffing and Directing, Controlling and Coordination |
| BC-502 (CORE-11) | Auditing & Corporate Governance | Core | 6 | Nature and Scope of Auditing, Types of Audit, Internal Control System, Audit Report, Concept of Corporate Governance |
| BC-503 (DSE-1) | Financial Reporting and Analysis | Discipline Specific Elective (Accounting & Taxation Focus) | 6 | Framework of Financial Reporting, Analysis of Financial Statements, Ratio Analysis, Funds Flow and Cash Flow Analysis, Corporate Valuation and Reporting |
| BC-504 (DSE-2) | Fundamentals of Investment | Discipline Specific Elective (Accounting & Taxation Focus) | 6 | Investment Avenues and Types, Risk and Return Concepts, Equity Share Valuation, Bond Valuation, Mutual Funds and Derivatives |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC-601 (CORE-12) | Goods and Services Tax (GST) & Customs Law | Core | 6 | Introduction to GST Law, Levy and Collection of GST, Input Tax Credit Mechanism, Time and Value of Supply, Customs Act and Duties |
| BC-602 (CORE-13) | Financial Markets and Institutions | Core | 6 | Indian Financial System Overview, Money Market Instruments, Capital Market Operations, Role of SEBI and RBI, Commercial Banks and NBFCs |
| BC-603 (DSE-3) | Banking and Insurance | Discipline Specific Elective (Accounting & Taxation Focus) | 6 | Commercial Banking Principles, Central Banking and Monetary Policy, E-Banking and Digital Payments, Types of Insurance, Life and General Insurance Concepts |
| BC-604 (DSE-4) | Investment Analysis and Portfolio Management | Discipline Specific Elective (Accounting & Taxation Focus) | 6 | Security Analysis Techniques, Portfolio Theory and Diversification, Asset Allocation Strategies, Portfolio Performance Evaluation, Behavioral Finance Aspects |
