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B-COM in Accountancy at Shree J. M. Patel Institute of Studies and Research in Humanities, Arts and Commerce
Anand, Gujarat
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About the Specialization
What is Accountancy at Shree J. M. Patel Institute of Studies and Research in Humanities, Arts and Commerce Anand?
This Accountancy specialization program at Shree J. M. Patel Institute of Studies and Research focuses on equipping students with comprehensive knowledge and practical skills in financial reporting, taxation, auditing, and cost management. It is designed to meet the growing demand for skilled accounting professionals across diverse Indian industries, from manufacturing to services. The program stands out by integrating theoretical foundations with practical applications, including accounting software.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, auditing, or financial analyst roles. It also benefits working professionals looking to upskill in taxation (GST), financial reporting, or management accounting. Aspiring chartered accountants or company secretaries can use this as a strong foundational degree. A strong aptitude for numbers, logical reasoning, and attention to detail are key prerequisites for success.
Why Choose This Course?
Graduates of this program can expect promising career paths in India as Junior Accountants, Auditors, Tax Consultants, Financial Analysts, or even pursue higher professional qualifications like CA, CS, or CMA. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with experienced professionals earning significantly more. Growth trajectories include managerial and leadership roles in finance and accounting departments within Indian and multinational corporations.
Student Success Practices
Foundation Stage
Master Accounting Fundamentals Early- (Semester 1-2)
Dedicate consistent time to understand core accounting principles, journal entries, ledger posting, and preparation of basic financial statements. Utilize textbooks, online tutorials, and practice problems regularly. Join peer study groups to clarify doubts and reinforce learning.
Tools & Resources
Textbooks, solved problem sets, basic accounting software tutorials, YouTube channels like ''''The Accounts Teacher'''', Peer study groups
Career Connection
A strong foundation in semesters 1-2 is critical for advanced accounting subjects and forms the bedrock for any accounting or finance career, leading to better performance in campus placements and entry-level roles.
Develop Proficiency in Business Communication- (Semester 1-2)
Actively participate in communication-focused classes, focusing on written reports, presentations, and formal emails. Seek opportunities to present your ideas, refine your English language skills, and practice professional etiquette essential for corporate interactions.
Tools & Resources
Grammarly, Toastmasters (if available locally or online), business newspapers, practice formal writing exercises
Career Connection
Effective communication is paramount for securing jobs and progressing in a professional environment, enabling clear reporting, client interaction, and team collaboration in Indian businesses.
Build Basic Computer Application Skills- (Semester 1-2)
Gain hands-on experience with Microsoft Office Suite (Excel, Word, PowerPoint) and introductory accounting software like Tally. Practice data entry, basic calculations, and report generation using these tools. This will be invaluable for skill-based core courses.
Tools & Resources
Microsoft Office tutorials, Tally.ERP 9 practice software (educational version), online courses on Coursera/Udemy for beginners
Career Connection
Proficiency in these tools is a fundamental requirement for most entry-level accounting and administrative roles in India, enhancing employability and efficiency.
Intermediate Stage
Deep Dive into Advanced Accounting & Taxation- (Semester 3-5)
Focus on understanding complex accounting standards, company law elements, and the evolving direct and indirect tax regimes (GST). Engage with case studies, real-world examples, and participate in workshops or seminars related to recent tax amendments and corporate governance. Consider pursuing certificate courses in GST.
Tools & Resources
ICAI study materials, tax journals, financial news portals like ''''Livemint'''' or ''''The Economic Times'''', local tax practitioner workshops
Career Connection
Strong grasp of advanced accounting and taxation is crucial for roles in corporate finance, tax advisory, and audit firms, preparing students for specialist roles and professional certifications.
Enhance Analytical and Statistical Skills- (Semester 3-5)
Apply statistical methods taught in Business Statistics to interpret financial data and draw meaningful conclusions. Work on projects involving data analysis using Excel and other tools. Develop critical thinking to evaluate business scenarios.
Tools & Resources
Advanced Excel functions, statistical software tutorials (if introduced), business case studies from IIMs or other Indian business schools
Career Connection
Analytical skills are highly valued in finance and consulting roles, enabling better decision-making and problem-solving, which are key for financial planning and analysis positions.
Seek Industry Internships and Live Projects- (Semester 4-5 summer breaks)
Actively search for internships with local CA firms, small and medium enterprises (SMEs), or corporate accounting departments. Even short-term projects offer invaluable practical exposure to financial processes, auditing procedures, and real-world tax compliance, building a professional network.
Tools & Resources
College placement cell, LinkedIn, Internshala, local business directories, networking events
Career Connection
Internships provide practical experience, enhance resumes, and often lead to pre-placement offers, significantly boosting career prospects in the competitive Indian job market.
Advanced Stage
Prepare for Professional Certifications- (Semester 5-6 (concurrent with studies))
As you near graduation, start preparing for professional certifications relevant to accountancy, such as CA (Chartered Accountancy), CS (Company Secretary), CMA (Certified Management Accountant), or specialized GST practitioner courses. Align your elective choices with these career goals.
Tools & Resources
ICAI, ICSI, ICAI-CMA official websites for study material, coaching institutes, mock tests
Career Connection
Professional certifications are highly esteemed in India, opening doors to leadership positions, specialized roles, and significantly higher earning potential in finance and accounting.
Master Management Accounting & Financial Management- (Semester 5-6)
Develop a deep understanding of management accounting techniques for internal decision-making, cost control, and strategic financial planning. Focus on topics like capital budgeting, working capital management, and budgetary control, which are essential for corporate finance roles.
Tools & Resources
Advanced textbooks, financial news, business magazines, online courses on corporate finance
Career Connection
Proficiency in these areas makes graduates attractive for roles in corporate finance, treasury, and management consulting, especially in rapidly expanding Indian companies.
Undertake a Comprehensive Research Project- (Semester 6)
Utilize the final semester''''s project work to conduct in-depth research on a contemporary accounting or finance topic relevant to the Indian economy, such as impact of IFRS/Ind AS, GST implementation, or financial market trends. This demonstrates research and application skills to potential employers.
Tools & Resources
Academic databases (JSTOR, Google Scholar), financial reports of Indian companies, faculty mentors, research methodology guides
Career Connection
A well-executed project showcases analytical abilities, independent thinking, and specialized knowledge, providing a strong talking point during interviews and enhancing readiness for advanced roles.
Program Structure and Curriculum
Eligibility:
- Candidate must have passed Higher Secondary School Certificate Examination (Std. 12th) or its equivalent in any stream with English as one of the subjects.
Duration: 6 semesters / 3 years
Credits: 122 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UM01CCOM21 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Principles and Concepts, Journal, Ledger, Trial Balance, Final Accounts of Proprietorship, Rectification of Errors |
| UM01CCOM22 | Commercial Communication | Core | 4 | Introduction to Communication, Types of Communication, Business Letters, Reports and Meetings, E-mail and Digital Communication |
| UM01ECOM21 | Principles of Economics - I | Core | 4 | Introduction to Microeconomics, Consumer Behavior, Production and Cost Analysis, Market Structures, National Income Accounting |
| UM01ECOM22 | Business Management - I | Core | 4 | Nature and Scope of Management, Planning and Decision Making, Organizing, Directing, Controlling |
| UM01SCOM21 | Computer Applications - I | Skill Based Core | 4 | Computer Fundamentals, Operating Systems, Microsoft Word, Microsoft Excel, Internet and E-commerce |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UM02CCOM21 | Financial Accounting - II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Partnership Accounts, Hire Purchase and Installment System, Departmental Accounts |
| UM02CCOM22 | Corporate Communication | Core | 4 | Role of Corporate Communication, Internal Communication, External Communication, Crisis Communication, Digital Corporate Communication |
| UM02ECOM21 | Principles of Economics - II | Core | 4 | Introduction to Macroeconomics, Money and Banking, Inflation and Deflation, Business Cycles, Public Finance |
| UM02ECOM22 | Business Management - II | Core | 4 | Motivation Theories, Leadership Styles, Organizational Conflict, Stress Management, Change Management |
| UM02SCOM21 | Computer Applications - II | Skill Based Core | 4 | Advanced Microsoft Excel, Data Analysis with Excel, Microsoft PowerPoint, Database Concepts, Introduction to Tally |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UM03CCOM21 | Advanced Accounting - I | Core | 4 | Company Final Accounts, Underwriting of Shares and Debentures, Amalgamation of Companies, Internal Reconstruction, Liquidation of Companies |
| UM03CCOM22 | Elements of Company Law | Core | 4 | Introduction to Company Law, Incorporation of a Company, Memorandum and Articles of Association, Shares and Debentures, Company Meetings |
| UM03CCOM23 | Business Statistics | Core | 4 | Statistical Data Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| UM03ECOM21 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Product and Pricing Decisions, Promotion and Distribution |
| UM03SCOM21 | Computer Applications - III | Skill Based Core | 4 | Tally.ERP 9 Fundamentals, Voucher Entry in Tally, Financial Reports in Tally, Payroll in Tally, GST in Tally |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UM04CCOM21 | Advanced Accounting - II | Core | 4 | Valuation of Goodwill and Shares, Banking Companies Accounts, Insurance Companies Accounts, Financial Statement Analysis, Indian Accounting Standards (Ind AS) |
| UM04CCOM22 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Audit Planning and Documentation, Internal Control System, Audit Report |
| UM04CCOM23 | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 1986, Information Technology Act, 2000 |
| UM04ECOM21 | Principles of Banking and Insurance | Core | 4 | Evolution of Banking, Commercial Banks and RBI, Insurance Fundamentals, Types of Insurance, IRDAI and Regulations |
| UM04SCOM21 | Computer Applications - IV | Skill Based Core | 4 | Advanced Database Management Systems, SQL for Data Retrieval, E-banking and E-payment Systems, Cloud Computing for Business, Data Security in Business |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UM05CCOM21 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labor Costing, Overhead Costing |
| UM05CCOM22 | Income Tax Law & Practice - I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| UM05CCOM23 | Fundamentals of Financial Management | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Leverage Analysis |
| UM05ECOM21-1 | Advanced Accountancy - III | Elective (Accountancy Group) | 4 | Accounts of Public Utility Concerns, Royalty Accounts, Self-Balancing Ledgers, Accounts from Incomplete Records, Bank Reconciliation Statement (Advanced) |
| UM05ECOM21-2 | Indirect Tax (GST & Customs) | Elective (Accountancy Group) | 4 | Introduction to Indirect Taxes, GST Principles and Structure, Levy and Collection of GST, Input Tax Credit, Customs Act Overview |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UM06CCOM21 | Cost Accounting - II | Core | 4 | Process Costing, Joint and By-products Costing, Contract Costing, Standard Costing, Marginal Costing and Decision Making |
| UM06CCOM22 | Income Tax Law & Practice - II | Core | 4 | Income from Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Deductions from Gross Total Income |
| UM06CCOM23 | Management Accounting | Core | 4 | Introduction to Management Accounting, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control |
| UM06ECOM21-2 | Strategic Financial Management | Elective (Accountancy Group) | 4 | Investment Decisions, Financing Decisions, Dividend Decisions, Working Capital Management, Portfolio Management |
| UM06PJWM21 | Project Work | Project | 6 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Application of Accounting/Finance Concepts |
