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BACHELOR-OF-COMMERCE in Accountancy at R.K. Mahila College, Giridih
Giridih, Jharkhand
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About the Specialization
What is Accountancy at R.K. Mahila College, Giridih Giridih?
This Accountancy specialization within the Bachelor of Commerce (B.Com) program at Sri R. K. Mahila College focuses on developing a robust understanding of financial principles, tax laws, auditing practices, and corporate finance essential for the modern Indian economy. The curriculum is designed to align with the dynamic needs of the Indian accounting and finance sector, providing students with both theoretical knowledge and practical skills.
Who Should Apply?
This program is ideal for 10+2 graduates with a commerce background who aspire to build careers in accounting, taxation, auditing, and financial management. It also caters to individuals seeking a strong foundation for pursuing professional certifications like CA, CS, or CMA in India, as well as those looking to enter roles in corporate finance departments.
Why Choose This Course?
Graduates of this program can expect promising career paths in roles such as Accountant, Auditor, Tax Consultant, Financial Analyst, and Budget Manager within various Indian companies and consultancies. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with experienced professionals earning significantly more. The program also prepares students for higher studies like M.Com, MBA in Finance, or specialized PG Diplomas.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Dedicate time to thoroughly understand fundamental accounting concepts, journal entries, ledger postings, and preparation of basic financial statements. Utilize online resources like ICAI study materials (for foundation level) and YouTube tutorials for conceptual clarity. Focus on solving numerous practical problems from textbooks.
Tools & Resources
Textbooks (e.g., T.S. Grewal, M.C. Shukla), ICAI Study Material (foundation), Khan Academy (Accounting basics)
Career Connection
A strong foundation in principles is crucial for advanced accounting topics and forms the bedrock for roles in general accounting and bookkeeping.
Enhance Digital and Communication Skills- (Semester 1-2)
Actively participate in the Ability Enhancement Courses (AEC) and Skill Enhancement Courses (SEC) to improve English/Hindi communication, learn MS Office applications, and understand basic digital tools. Practice drafting formal emails, reports, and delivering presentations.
Tools & Resources
Microsoft Office Suite (Word, Excel, PowerPoint), Grammarly, Online communication courses (Coursera/edX)
Career Connection
These skills are indispensable for professional communication, data presentation, and efficiency in any corporate or accounting environment.
Build a Peer Learning Network- (Semester 1-2)
Form study groups with classmates to discuss challenging topics, solve numerical problems collaboratively, and share notes. Engage in healthy competition and mutual support to deepen understanding and boost confidence.
Tools & Resources
Study groups, Classroom discussions, Online forums (e.g., student groups on WhatsApp)
Career Connection
Collaboration and teamwork are vital skills sought by employers, and a strong network provides academic and professional support throughout your career.
Intermediate Stage
Deep Dive into Tax Laws and Cost Accounting- (Semester 3-5)
Focus intently on Income Tax and GST laws, solving case studies and practical problems. For Cost Accounting, understand variance analysis and various costing methods. Keep updated with budget announcements and GST council decisions in India.
Tools & Resources
Taxmann publications, ICAI tax updates, CMA India study material (foundation/intermediate)
Career Connection
Expertise in Indian tax laws and cost management makes you highly valuable for roles in tax compliance, internal auditing, and cost control departments.
Seek Early Industry Exposure through Internships/Projects- (Semester 3-5)
Actively look for short-term internships or project opportunities (even unpaid initially) during semester breaks, especially with local CAs, small firms, or NGOs. This provides practical application of theoretical knowledge in real-world Indian business scenarios.
Tools & Resources
Internshala, Naukri.com (for internships), College placement cell
Career Connection
Practical experience significantly boosts your resume, helps identify career interests, and builds a professional network, leading to better placements.
Develop Advanced Excel and Data Analysis Skills- (Semester 3-5)
Go beyond basic MS Office skills. Learn advanced Excel functions (VLOOKUP, HLOOKUP, Pivot Tables, Macros) relevant to financial data analysis. Explore basic statistical software or data visualization tools if offered in SECs.
Tools & Resources
Advanced Excel courses (Udemy, Coursera), YouTube tutorials for financial modeling in Excel, Tally ERP 9/Prime
Career Connection
Proficiency in advanced Excel and data tools is highly desired by employers for financial analysis, reporting, and management accounting roles.
Advanced Stage
Focus on Professional Certifications & Specializations- (Semester 6-8)
Begin preparing for professional exams like CA, CMA, CS, or NISM certifications parallel to your final year studies. Choose specialization-specific electives (SSE) strategically based on your career aspirations, focusing on areas like International Accounting, Financial Reporting, or Tax Planning.
Tools & Resources
ICAI/ICMAI/ICSI study materials, Coaching institutes, NISM certification modules
Career Connection
These certifications are highly valued in the Indian finance industry, opening doors to high-paying jobs in statutory auditing, corporate finance, and specialized consulting.
Undertake a Comprehensive Research Project/Dissertation- (Semester 6-8)
Utilize the Research Project/Dissertation in the final semesters to delve deep into a specific area of accountancy or finance relevant to the Indian context. This showcases your analytical abilities, research acumen, and problem-solving skills.
Tools & Resources
Academic journals (Indian/International), Research methodology books, Statistical software (SPSS, R, Python basics)
Career Connection
A well-executed project demonstrates independent thought and specialized knowledge, making you a more attractive candidate for research-oriented roles or higher studies.
Engage in Mock Interviews and Placement Preparation- (Semester 6-8)
Actively participate in mock interview sessions, group discussions, and aptitude tests organized by the college''''s placement cell. Refine your resume, highlight internships and project work, and practice answering common HR and technical questions specific to accounting and finance roles in India.
Tools & Resources
College placement cell, Online aptitude test platforms, LinkedIn for company research
Career Connection
Thorough preparation for placements significantly increases your chances of securing a desirable job offer from leading Indian companies and MNCs operating in India.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 Examination or equivalent from a recognized Board/Council.
Duration: 4 years / 8 semesters
Credits: 160 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-1 | Financial Accounting | Major Core | 5 | Accounting Principles and Concepts, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Depreciation Accounting, Bills of Exchange |
| AEC-1 | English Communication / Hindi Communication | Ability Enhancement Course | 2 | Elements of Communication, Listening and Speaking Skills, Reading Comprehension, Writing Skills, Formal and Informal Communication |
| VAC-1 | Understanding India / Health & Wellness, Yoga Education, Sports & Fitness / Environmental Science | Value Added Course | 2 | Indian History and Culture, Yoga and Health Practices, Ecosystems and Biodiversity, Environmental Pollution, Sustainable Development |
| SEC-1 | Digital Education / Statistical Software / MS Office | Skill Enhancement Course | 3 | Basics of Computer Systems, Internet and Digital Communication, Data Analysis with Statistical Software, Word Processing, Spreadsheet Applications, Presentation Tools |
| MDC-1 | Multidisciplinary Course (Other than Commerce discipline) | Multidisciplinary Course | 3 | Subject selected from another faculty, Broadening academic horizons, Interdisciplinary understanding, Critical thinking, Diverse knowledge acquisition |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-2 | Business Law | Major Core | 5 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Partnership Act, 1932 |
| MAJOR-3 | Corporate Accounting | Major Core | 5 | Issue and Forfeiture of Shares, Redemption of Debentures, Final Accounts of Companies, Amalgamation and Reconstruction, Valuation of Goodwill and Shares |
| AEC-2 | English Communication / Hindi Communication (if not taken in Sem 1) | Ability Enhancement Course | 2 | Advanced Communication Strategies, Public Speaking, Report Writing, Presentation Skills, Interpersonal Communication |
| VAC-2 | Global Citizenship & Education / Art & Culture / Constitutional Values & Fundamental Duties | Value Added Course | 2 | Human Rights and Global Issues, Indian Art Forms and Heritage, Preamble and Fundamental Rights, Duties of Indian Citizens, Democratic Values |
| SEC-2 | E-Commerce / Stock Market Operations / Computerized Accounting | Skill Enhancement Course | 3 | Introduction to E-commerce, Digital Marketing, Basics of Stock Market, Trading and Investment Strategies, Accounting Software Tally |
| MDC-2 | Multidisciplinary Course (Other than Commerce discipline) | Multidisciplinary Course | 3 | Subject selected from another faculty, Broadening academic horizons, Interdisciplinary understanding, Critical thinking, Diverse knowledge acquisition |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-4 | Income Tax Law & Practice | Major Core | 5 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income (Salary, House Property), Profits & Gains of Business or Profession, Deductions from Gross Total Income |
| MAJOR-5 | Cost Accounting | Major Core | 5 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overheads, Methods of Costing (Job, Batch, Contract) |
| SEC-3 | Entrepreneurship Development / Business Ethics & Governance / Office Management | Skill Enhancement Course | 3 | Concept of Entrepreneurship, Business Plan Preparation, Ethical Theories in Business, Corporate Governance, Office Layout and Environment |
| MDC-3 | Multidisciplinary Course (Other than Commerce discipline) | Multidisciplinary Course | 3 | Subject selected from another faculty, Broadening academic horizons, Interdisciplinary understanding, Critical thinking, Diverse knowledge acquisition |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-6 | Auditing & Corporate Governance | Major Core | 5 | Introduction to Auditing, Internal Control System, Vouching and Verification, Audit Report, Corporate Social Responsibility |
| MAJOR-7 | Financial Management | Major Core | 5 | Goals of Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management |
| MAJOR-8 | Goods & Services Tax (GST) | Major Core | 5 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, GST Returns and Refunds |
| SEC-4 | Financial Markets & Services / Mutual Fund / Basics of Data Science | Skill Enhancement Course | 3 | Indian Financial System, Money Market and Capital Market, Mutual Fund Schemes, Data Analysis Tools, Introduction to AI/ML |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-9 | Management Accounting | Major Core | 5 | Nature and Scope of Management Accounting, Budgetary Control, Standard Costing, Marginal Costing, Fund Flow and Cash Flow Statements |
| MAJOR-10 | Accounting for Business Decisions | Major Core | 5 | Financial Statement Analysis, Ratio Analysis, Break-Even Analysis, Relevant Costing for Decision Making, Responsibility Accounting |
| OE-1 | Open Elective - 1 (From other departments) | Open Elective | 3 | Interdisciplinary knowledge, Broadening academic interests, Skill diversification, Personalized learning, Exposure to new fields |
| RP/INT-1 | Research Project / Internship | Research Project / Internship | 6 | Research Methodology, Data Collection and Analysis, Report Writing, Practical Industry Exposure, Problem Solving Skills |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-11 | Advanced Corporate Accounting | Major Core | 5 | Consolidated Financial Statements, Cash Flow Statement (AS-3), Accounting for Holding Companies, Forex Accounting, Inflation Accounting |
| MAJOR-12 | Strategic Management | Major Core | 5 | Strategic Management Process, Environmental Analysis, Strategic Formulation, Strategy Implementation, Strategic Control |
| OE-2 | Open Elective - 2 (From other departments) | Open Elective | 3 | Interdisciplinary knowledge, Broadening academic interests, Skill diversification, Personalized learning, Exposure to new fields |
| SIP | Summer Internship Project | Internship | 4 | Industry work experience, Application of theoretical knowledge, Professional skill development, Networking opportunities, Problem-solving in real-world scenarios |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-13 | Advanced Financial Management | Major Core | 5 | Capital Structure Theories, Dividend Policy Decisions, Leasing Decisions, Mergers and Acquisitions, International Financial Management |
| MAJOR-14 | Financial Reporting & Analysis | Major Core | 5 | Regulatory Framework of Financial Reporting, Indian Accounting Standards (Ind AS), Interpretation of Financial Statements, Cash Flow and Fund Flow Analysis, Segment and Interim Reporting |
| SSE-1 | Specialization Specific Elective (SSE) - 1 (e.g., International Accounting / Forensic Accounting) | Specialization Elective (Accountancy) | 4 | Convergence of Global Accounting Standards (IFRS), Accounting for International Transactions, Fraud Detection and Prevention, Legal Aspects of Forensic Accounting, Investigative Accounting Techniques |
| SSE-2 | Specialization Specific Elective (SSE) - 2 (e.g., Investment Analysis & Portfolio Management / Risk Management) | Specialization Elective (Accountancy) | 4 | Investment Environment, Security Analysis (Equity & Debt), Portfolio Construction and Evaluation, Types of Financial Risks, Risk Measurement and Mitigation Strategies |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MAJOR-15 | Accounting Information Systems | Major Core | 5 | Introduction to AIS, System Development and Documentation, Database Management Systems, Enterprise Resource Planning (ERP) Systems, Internal Controls in AIS |
| MAJOR-16 | Research Methodology & Project Work | Major Core / Project | 6 | Research Design, Sampling Techniques, Data Collection Methods, Statistical Tools for Analysis, Dissertation Writing and Presentation |
| SSE-3 | Specialization Specific Elective (SSE) - 3 (e.g., Derivatives & Risk Management / Business Valuation) | Specialization Elective (Accountancy) | 4 | Futures and Forwards, Options and Swaps, Hedging Strategies, Methods of Business Valuation, Valuation of Intangibles |
| SSE-4 | Specialization Specific Elective (SSE) - 4 (e.g., Direct & Indirect Tax Planning / Financial Modelling & Valuation) | Specialization Elective (Accountancy) | 4 | Tax Avoidance vs. Tax Evasion, Tax Planning for Individuals & Corporates, GST Planning Strategies, Excel for Financial Modeling, Company Valuation Models |
