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BCOM-HONS in Accountancy at P.K. Roy Memorial College, Dhanbad
Dhanbad, Jharkhand
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About the Specialization
What is Accountancy at P.K. Roy Memorial College, Dhanbad Dhanbad?
This Accountancy program at Prasana Kumar Roy Memorial College, affiliated with BBMKU, focuses on providing a comprehensive understanding of financial reporting, auditing, taxation, and corporate finance. With India''''s growing economy and increasing regulatory demands, this specialization is highly relevant, preparing students for dynamic roles in finance and accounting. The program integrates theoretical knowledge with practical skills essential for the Indian industry, equipping graduates for the evolving financial landscape.
Who Should Apply?
This program is ideal for fresh graduates from the commerce stream seeking entry into accounting, auditing, or financial analysis roles within India. It also suits working professionals looking to upskill in financial reporting standards like IFRS, or career changers transitioning into the vibrant Indian financial sector. Individuals with a strong analytical aptitude and an interest in business finance and compliance will find this program particularly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths such as junior accountants, auditors, tax consultants, financial analysts, or management trainees in Indian companies. Entry-level salaries typically range from INR 2.5 to 5 LPA, with significant growth potential up to INR 10-20 LPA for experienced professionals in specialized roles. The curriculum aligns with the foundational requirements for various professional certifications in India, including CA, CMA, and CS.
Student Success Practices
Foundation Stage
Master Financial Accounting Fundamentals- (Semester 1-2)
Focus on thoroughly understanding basic accounting principles, journal entries, ledger posting, trial balance, and preparation of final accounts for proprietorships. Utilize practical exercises and mock financial statements to solidify theoretical concepts and build a strong base.
Tools & Resources
Tally.ERP 9 (for basic accounting software exposure), Accounting textbooks by Indian authors (e.g., S.P. Jain & K.L. Narang), Online tutorials from NPTEL/ICAI (Institute of Chartered Accountants of India)
Career Connection
This foundational knowledge is crucial for entry-level positions in bookkeeping, junior accounting, and financial data entry roles, providing the essential skills for daily financial operations in any organization.
Develop Strong Business Law Acumen- (Semester 1-2)
Pay close attention to the Indian Contract Act, Sales of Goods Act, and the Limited Liability Partnership Act. Form study groups to discuss real-world legal case studies and implications for business transactions, fostering a practical understanding of compliance.
Tools & Resources
Bare Acts of relevant Indian business laws, Legal news portals (e.g., LiveLaw, Bar and Bench), Case law summaries and analysis platforms
Career Connection
Essential for compliance roles in finance, legal advisory in corporate settings, and for understanding the regulatory environment, which is vital for any commercial enterprise in India.
Cultivate Effective Communication Skills- (Semester 1-2)
Actively participate in classroom presentations, group discussions, and report writing exercises. Focus on clear, concise, and professional communication, which is a critical soft skill for effective interaction in a business environment.
Tools & Resources
Toastmasters International (local chapters if available), Online courses on business communication (e.g., Coursera, Udemy), University communication labs and peer feedback sessions
Career Connection
Crucial for client interaction, team collaboration, presenting financial reports, and effectively conveying complex financial information to non-finance stakeholders in any professional accounting or finance role.
Intermediate Stage
Excel in Tax Compliance and Planning- (Semester 3-4)
Deep dive into Income Tax Law and Goods & Services Tax (GST). Solve numerous practical problems and scenarios, staying updated with budget changes and legislative amendments. Seek opportunities for short-term internships during semester breaks with local tax consultants.
Tools & Resources
Income Tax Act and GST Act (latest editions), Official government portals (incometax.gov.in, gst.gov.in), Professional tax software demos and practice modules
Career Connection
Directly prepares students for roles as tax analysts, tax consultants, and helps in pursuing professional certifications like GST Practitioner, crucial for navigating India''''s complex tax regime.
Gain Proficiency in Corporate and Cost Accounting- (Semester 3-5)
Focus on advanced accounting topics such as corporate financial statements, share and debenture accounting, amalgamation, and various cost control techniques. Attempt challenging problems and analyze real-world company financial reports from Indian corporates.
Tools & Resources
Annual reports of listed Indian companies (BSE/NSE websites), Costing software tutorials (e.g., SAP FICO modules if available), Advanced accounting and costing textbooks by Indian authors
Career Connection
Prepares for specialized roles in financial accounting departments, management accounting, financial analysis, and forms a strong foundation for pursuing CA/CMA courses in India.
Build Practical Skills with Business Software- (Semester 3-5)
Learn and practice using essential business software like MS Excel for advanced financial modeling and data analysis, and TallyPrime for comprehensive accounting operations. Focus on practical application through case studies.
Tools & Resources
Microsoft Excel (advanced functions like VLOOKUP, Pivot Tables), TallyPrime software and online training modules, Online courses for practical business software applications
Career Connection
Highly sought-after skills in virtually all accounting and finance roles, improving efficiency, accuracy, and data analysis capabilities for future employers in the Indian corporate sector.
Advanced Stage
Prepare for Professional Certifications (CA/CMA/CS)- (Semester 6 onwards)
Begin preparing for entrance exams of professional bodies like ICAI (CA), ICMAI (CMA), or ICSI (CS) alongside final semester studies. Utilize coaching materials, mock tests, and join online communities for peer support and guidance.
Tools & Resources
Study materials from ICAI, ICMAI, ICSI, Specialized coaching institutes (e.g., PACE, VSmart), Online forums and Telegram groups for exam preparation
Career Connection
This provides a direct path to becoming a certified professional, significantly enhancing career prospects, credibility, and earning potential within the Indian financial and accounting industry.
Engage in Advanced Financial Analysis and Reporting- (Semester 6)
Apply learned concepts of financial reporting, IFRS, and investment analysis to real-world scenarios. Undertake a research project or comprehensive case study on an Indian company''''s financial performance, including its annual reports and market position.
Tools & Resources
BSE/NSE website for company financials and analyst reports, Business news channels and financial publications, Financial databases (e.g., Capitaline, Ace Equity - if university subscribes)
Career Connection
Develops critical analytical and interpretation skills crucial for financial analyst, equity research, portfolio management, and senior accounting roles, enabling informed business decisions.
Network and Secure Placements- (Semester 6)
Actively participate in campus recruitment drives, career fairs, and connect with alumni for mentorship and job leads. Refine your resume, cover letter, and practice interview skills, including group discussions and technical rounds.
Tools & Resources
College placement cell services, LinkedIn for professional networking, Professional networking events and industry webinars, Mock interview sessions and resume workshops
Career Connection
Directly leads to entry-level jobs in accounting firms, banks, corporate finance departments, and startups across India, facilitating a smooth transition from academics to a professional career.
Program Structure and Curriculum
Eligibility:
- 10+2 or equivalent examination with Commerce stream from a recognized board, minimum 45% marks.
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-1 | Financial Accounting - I | Core | 6 | Theoretical Framework of Accounting, Accounting Process and Final Accounts (Proprietorship), Consignment Accounts, Joint Venture Accounts, Royalty Accounts |
| CC-2 | Business Law | Core | 6 | Indian Contract Act 1872, Sales of Goods Act 1930, Limited Liability Partnership Act 2008, Negotiable Instruments Act 1881, Information Technology Act 2000 |
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary Nature of Environmental Studies, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Social Issues and the Environment |
| GE-1 | Introduction to Political Theory | Generic Elective | 6 | Understanding Political Theory, Key Concepts: Liberty, Equality, Justice, Rights and Citizenship, Democracy and the State, Ideologies: Liberalism, Socialism |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-3 | Financial Accounting - II | Core | 6 | Accounting for Depreciation, Inventory Valuation, Hire Purchase System, Installment Payment System, Branch Accounts, Departmental Accounts |
| CC-4 | Corporate Law | Core | 6 | Companies Act 2013: Introduction & Types, Memorandum and Articles of Association, Share Capital and Debentures, Company Meetings and Resolutions, Management and Administration |
| AECC-2 | English Communication | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Developing Communication Skills, Reading Comprehension, Writing Skills, Presentation Skills |
| GE-2 | Indian History (Ancient Period) | Generic Elective | 6 | Sources of Ancient Indian History, Indus Valley Civilization, Vedic Period and Mahajanapadas, Mauryan Empire, Gupta Empire and Post-Gupta Period |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-5 | Corporate Accounting | Core | 6 | Accounting for Shares and Debentures, Buyback of Shares, Underwriting of Shares, Cash Flow Statements, Accounting for Amalgamation, Absorption, Reconstruction |
| CC-6 | Income Tax Law & Practice | Core | 6 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income (Salary, House Property), Profits & Gains of Business or Profession (PGBP), Capital Gains and Income from Other Sources, Deductions and Computation of Total Income |
| CC-7 | Human Resource Management | Core | 6 | Concept and Functions of HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| SEC-1 | Computer Applications in Business | Skill Enhancement Course | 2 | Word Processing (MS Word), Spreadsheets for Business (MS Excel), Presentation Software (MS PowerPoint), Database Management Systems (MS Access), Internet and its Applications |
| GE-3 | General Psychology | Generic Elective | 6 | Introduction to Psychology, Methods of Psychology, Cognitive Processes (Perception, Memory), Motivation and Emotion, Personality and Intelligence |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-8 | Cost Accounting | Core | 6 | Introduction to Cost Accounting, Cost Concepts and Classifications, Cost Sheet and Cost Control Accounts, Material Costing, Labour Costing, Overhead Costing, Reconciliation of Cost and Financial Accounts |
| CC-9 | Goods & Services Tax (GST) & Customs Law | Core | 6 | Introduction to GST Law, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration and Returns under GST, Customs Act 1962 |
| CC-10 | Auditing and Corporate Governance | Core | 6 | Introduction to Auditing, Audit Planning and Internal Control, Vouching and Verification, Audit Report and Certificates, Corporate Governance, Role of Independent Directors |
| SEC-2 | E-Commerce | Skill Enhancement Course | 2 | Introduction to E-Commerce, E-Payment Systems, E-Security and E-Customer Relationship Management, E-Marketing, M-Commerce and Digital Payments |
| GE-4 | Introduction to Sociology | Generic Elective | 6 | Nature and Scope of Sociology, Basic Concepts: Society, Culture, Community, Socialization and Social Control, Social Stratification, Social Change and Development |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | Principles of Marketing | Core | 6 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Market Segmentation, Targeting, Positioning, Product Decisions and Pricing Strategies, Promotion and Distribution Channels |
| CC-12 | Fundamentals of Financial Management | Core | 6 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Decisions |
| DSE-1 | Financial Reporting | Discipline Specific Elective (Accountancy & Finance Group) | 6 | Conceptual Framework of Financial Reporting, Presentation of Financial Statements, Accounting Standards (Ind AS/IFRS), Segment Reporting, Earnings Per Share, Related Party Disclosures |
| DSE-2 | Investments | Discipline Specific Elective (Accountancy & Finance Group) | 6 | Investment Environment and Process, Risk and Return Analysis, Equity Valuation, Bond Valuation and Analysis, Portfolio Management, Mutual Funds and Derivatives |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Principles of Macroeconomics | Core | 6 | Introduction to Macroeconomics, National Income Accounting, Money and Banking, Inflation and Unemployment, Fiscal Policy and Monetary Policy, Balance of Payments and Exchange Rates |
| CC-14 | Management Accounting | Core | 6 | Introduction to Management Accounting, Marginal Costing and Break-Even Analysis, Budgetary Control, Standard Costing and Variance Analysis, Fund Flow Statement, Cash Flow Statement |
| DSE-3 | International Financial Reporting Standards (IFRS) | Discipline Specific Elective (Accountancy & Finance Group) | 6 | Evolution and Framework of IFRS, Presentation of Financial Statements (IAS 1), Inventories (IAS 2), Property, Plant and Equipment (IAS 16), Revenue from Contracts with Customers (IFRS 15), Leases (IFRS 16) |
| DSE-4 | Corporate Tax Planning | Discipline Specific Elective (Accountancy & Finance Group) | 6 | Tax Planning vs. Tax Evasion, Tax Planning for New Business, Tax Planning for Financial Management Decisions, Tax Planning for Managerial Decisions, Special Provisions for Specific Assessees |
