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B-COM in Accountancy at Prabhu Jagatbandhu College
Howrah, West Bengal
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About the Specialization
What is Accountancy at Prabhu Jagatbandhu College Howrah?
This Accountancy specialization program at Prabhu Jagatbandhu College focuses on developing a strong foundation in financial principles, auditing practices, taxation, and corporate finance. It is designed to meet the growing demand for skilled accounting professionals in India''''s dynamic economy. The curriculum emphasizes both theoretical knowledge and practical application, preparing students for real-world financial challenges in various industries.
Who Should Apply?
This program is ideal for 10+2 graduates with an aptitude for numbers and a keen interest in business finance and compliance. It particularly suits those aspiring to roles in accounting, auditing, taxation, and financial analysis. Working professionals seeking to formalize their accounting knowledge or career changers aiming to enter the finance domain will also find this program beneficial, provided they meet the eligibility.
Why Choose This Course?
Graduates of this program can expect promising career paths in auditing firms, corporate finance departments, and taxation consultancy. Entry-level salaries in India typically range from INR 2.5 to 4.5 lakhs annually, with significant growth potential for experienced professionals. The curriculum aligns with foundational requirements for professional certifications like CA, CS, and CMA, enhancing long-term career trajectories in Indian companies.
Student Success Practices
Foundation Stage
Master Fundamental Accounting Concepts- (Semester 1-2)
Diligently study and practice basic accounting principles, double-entry system, and journal entries. Utilize textbooks, online tutorials, and seek clarification from faculty regularly. Building a strong base in Financial Accounting I and II is crucial for future advanced topics.
Tools & Resources
Textbooks (e.g., T.S. Grewal, P.C. Tulsian), Online platforms like Khan Academy (for basic concepts), Peer study groups
Career Connection
A solid foundation is indispensable for all accounting roles, enabling understanding of financial statements and auditing procedures, which are critical for entry-level positions.
Develop Business Law Acumen- (Semester 1-2)
Pay close attention to Business Law and Corporate Laws. Understand the legal framework governing business operations in India. Participate in discussions, case study analyses, and group presentations to grasp legal intricacies and their practical implications.
Tools & Resources
Bare Acts (Indian Contract Act, Companies Act), Legal blogs and journals, Discussion forums with peers and faculty
Career Connection
Essential for roles in corporate compliance, internal audit, and legal departments, ensuring ethical and lawful business practices, highly valued in the Indian regulatory landscape.
Cultivate Effective Communication Skills- (Semester 1-2)
Actively participate in the Communicative English course. Practice written and verbal communication through assignments, presentations, and debates. Focus on clarity, conciseness, and professional etiquette, crucial for corporate interactions.
Tools & Resources
Grammarly, Toastmasters (if available), University language labs, Reading business newspapers
Career Connection
Strong communication is vital for presenting financial reports, interacting with clients, and collaborating with teams, significantly enhancing placement prospects and professional growth.
Intermediate Stage
Gain Proficiency in Computerised Accounting- (Semester 3-4)
Focus on the Computerised Accounting and E-filing subject. Get hands-on experience with accounting software like Tally ERP. Practice data entry, generating reports, and e-filing tax returns to develop practical, in-demand skills.
Tools & Resources
Tally ERP software (student version/college lab), Online Tally tutorials, Income Tax India e-filing portal practice
Career Connection
Directly prepares students for roles requiring digital accounting proficiency, making them immediately employable in Indian businesses that heavily rely on such software.
Deep Dive into Income Tax and Costing- (Semester 3-4)
Dedicate extra effort to Income Tax Law & Practice and Cost & Management Accounting. Solve numerous practical problems and case studies. Understand the nuances of Indian taxation and cost control methods, which are core to accountancy.
Tools & Resources
Taxmann books, Institute of Cost Accountants of India (ICAI) study materials, Practice question banks
Career Connection
These skills are highly sought after by accounting firms, manufacturing companies, and consultancies, leading to specialized roles in taxation and cost analysis, crucial in the Indian market.
Seek Industry Exposure via Internships/Projects- (Semester 3-5)
Actively look for short-term internships in local accounting firms, SMEs, or NGOs during breaks. Engage in mini-projects or assignments that involve financial data analysis, even if unpaid. This practical exposure builds a valuable professional network and real-world understanding.
Tools & Resources
College placement cell, LinkedIn, Local business directories, Networking events
Career Connection
Internships provide crucial practical experience, improve resume quality, and often lead to pre-placement offers or strong references, significantly boosting job prospects.
Advanced Stage
Master Financial Management & Reporting- (Semester 5-6)
Intensively study Financial Management, Corporate Accounting, and Financial Reporting. Understand capital budgeting, working capital, company final accounts, and Indian Accounting Standards (Ind AS). Focus on their application in decision-making.
Tools & Resources
ICAI study materials for Ind AS, Business news and financial journals, Financial modeling software (basic level)
Career Connection
These subjects are vital for roles in corporate finance, financial analysis, and statutory reporting, positioning graduates for mid-level management positions in Indian corporations.
Undertake a Comprehensive Project Work- (Semester 6)
Utilize the Project Work & Viva Voce to conduct in-depth research on a relevant accounting or finance topic. This involves data collection, analysis, report writing, and presentation. Aim for a project that showcases analytical and problem-solving skills.
Tools & Resources
Research databases, Statistical software (Excel, R basics), Faculty mentorship, Presentation tools
Career Connection
A strong project demonstrates initiative and practical application of knowledge, serving as a powerful portfolio piece during interviews for advanced analytical roles.
Prepare Rigorously for Placements & Professional Exams- (Semester 5-6)
Actively engage with the placement cell for interview preparation, mock tests, and resume building workshops. Simultaneously, if pursuing professional certifications (CA, CS, CMA), start dedicated preparation to align academic knowledge with exam requirements.
Tools & Resources
College placement resources, Online aptitude test platforms, Professional body study materials, Networking with alumni
Career Connection
Dedicated preparation ensures readiness for competitive job markets in India and provides a head start on professional qualifications, opening doors to highly reputed finance and accounting careers.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 examination or its equivalent from a recognized board/council with relevant subjects, as per University of Calcutta Rules.
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 | 6 | Basic Accounting Concepts, Accounting Standards, Cash Book & Bank Reconciliation, Accounting for Non-Profit Organizations, Rectification of Errors |
| CC 1.2 Chg | Business Law | Core | 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 | Principles of Microeconomics | Generic Elective | 6 | Demand and Supply Analysis, Consumer Behavior, Production and Cost Theory, Market Structures, Factor Pricing |
| AECC 1.1 Chg | Environmental Studies | Ability Enhancement Compulsory | 2 | Ecosystems and Biodiversity, Natural Resources, Environmental Pollution, Climate Change, Environmental Protection Acts |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 2.1 Chg | Financial Accounting II | Core | 6 | Lease Accounting, Hire Purchase & Installment Systems, Branch Accounts, Departmental Accounts, Voyage Accounts |
| CC 2.2 Chg | Corporate Laws | Core | 6 | Companies Act 2013, Memorandum & Articles of Association, Share Capital & Debentures, Company Meetings & Resolutions, Management & Administration |
| GE 2.1 Chg | Principles of Macroeconomics | Generic Elective | 6 | National Income Accounting, Theories of Money & Banking, Inflation & Unemployment, Fiscal Policy, Monetary Policy |
| AECC 2.1 Chg | Communicative English | Ability Enhancement Compulsory | 2 | Basics of Communication, Grammar & Vocabulary, Reading Comprehension, Writing Skills (Reports, Emails), Presentation Skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 3.1 Chg | Financial Accounting III | Core | 6 | Partnership Accounts (Admission, Retirement, Death), Dissolution of Partnership Firms, Amalgamation of Partnership Firms, Accounting for Conversion of Partnership into Company, Royalty Accounts |
| CC 3.2 Chg | Indian Financial System | Core | 6 | Overview of Financial System, Financial Markets (Money & Capital), Financial Institutions (Banks, NBFCs), Financial Instruments, SEBI and RBI Regulations |
| CC 3.3 Chg | Income Tax Law & Practice | Core | 6 | Basic Concepts of Income Tax, Residential Status & Tax Incidence, Heads of Income (Salaries, House Property), Profits and Gains of Business/Profession, Deductions from Gross Total Income |
| SEC 3.1 Chg | E-Commerce | Skill Enhancement | 2 | Introduction to E-Commerce, Business Models in E-Commerce, Payment Systems & Security, E-Marketing & Advertising, Legal & Ethical Issues in E-Commerce |
| GE 3.1 Chg | Marketing Management | Generic Elective | 6 | Marketing Concepts & Environment, Product Decisions, Pricing Strategies, Promotion Decisions, Distribution Channels |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 4.1 Chg | Cost & Management Accounting I | Core | 6 | Introduction to Cost Accounting, Cost Sheet & Cost Concepts, Material Costing, Labour Costing, Overhead Costing |
| CC 4.2 Chg | Principles of Management | Core | 6 | Nature & Significance of Management, Planning & Decision Making, Organizing & Staffing, Directing & Motivating, Controlling & Coordination |
| CC 4.3 Chg | Auditing & Assurance | Core | 6 | Nature & Scope of Auditing, Types of Audit, Internal Control & Internal Audit, Vouching & Verification, Audit Report |
| SEC 4.1 Chg | Computerised Accounting and E-filling | Skill Enhancement | 2 | Tally ERP Fundamentals, Voucher Entry & Ledger Creation, Generating Financial Statements, GST & E-filing, Data Backup & Security |
| GE 4.1 Chg | Business Statistics | Generic Elective | 6 | Measures of Central Tendency & Dispersion, Correlation & Regression Analysis, Index Numbers, Probability Theory, Time Series Analysis |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 5.1 Chg | Financial Management | Core | 6 | Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Capital Structure Theories, Dividend Policy Decisions |
| CC 5.2 Chg | Cost & Management Accounting II | Core | 6 | Marginal Costing & Break-Even Analysis, Budgetary Control, Standard Costing & Variance Analysis, Responsibility Accounting, Transfer Pricing |
| DSE 5.1 Chg | Corporate Accounting | Discipline Specific Elective | 6 | Issue & Forfeiture of Shares/Debentures, Final Accounts of Companies, Liquidation of Companies, Amalgamation & Reconstruction, Holding Company Accounts |
| DSE 5.2 Chg | Financial Reporting | Discipline Specific Elective | 6 | Conceptual Framework of Financial Reporting, Indian Accounting Standards (Ind AS), International Financial Reporting Standards (IFRS), Segment Reporting, Interim Financial Reporting |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC 6.1 Chg | Project Work & Viva Voce | Core | 6 | Research Methodology, Data Collection & Analysis, Report Writing, Presentation Skills, Viva Voce |
| CC 6.2 Chg | Computer Application in Business | Core | 6 | MS Office Applications (Word, Excel, PowerPoint), Database Management Systems (MS Access), Internet & E-Business Applications, Data Security & Privacy, ERP Systems Overview |
| DSE 6.1 Chg | Financial Statement Analysis | Discipline Specific Elective | 6 | Techniques of Financial Analysis, Ratio Analysis, Cash Flow Statement Analysis, Fund Flow Statement Analysis, Common Size & Trend Analysis |
| DSE 6.2 Chg | Fundamentals of Investment | Discipline Specific Elective | 6 | Investment Avenues, Risk & Return Analysis, Valuation of Securities (Equity, Debt), Portfolio Theory, Mutual Funds & Derivatives |
