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B-COM in Accountancy at Shree V. D. Kankiya Arts & Smt. M. R. Sanghvi Commerce College
Amreli, Gujarat
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About the Specialization
What is Accountancy at Shree V. D. Kankiya Arts & Smt. M. R. Sanghvi Commerce College Amreli?
This Accountancy program at Shree V. D. Kankiya Arts And Srimati M. R. Sanghvi Commerce College, affiliated with Saurashtra University, focuses on developing a strong foundation in financial management, taxation, auditing, and cost accounting. It is tailored to meet the dynamic needs of the Indian economy, preparing students for diverse roles in finance and commerce sectors. The curriculum emphasizes both theoretical knowledge and practical application, crucial for navigating India''''s complex regulatory environment.
Who Should Apply?
This program is ideal for fresh graduates from the 10+2 stream with an aptitude for numbers and logical reasoning, seeking entry into the vast Indian finance and accounting industry. It also caters to individuals aspiring to become Chartered Accountants, Company Secretaries, or financial analysts, providing the essential academic groundwork. Working professionals looking to enhance their accounting credentials or career changers interested in a structured pathway into financial roles will also find this program beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding India-specific career paths such as accountants, auditors, tax consultants, financial analysts, and bookkeepers in various public and private sector organizations. Entry-level salaries in India typically range from INR 2.5 to 4.5 lakhs annually, with significant growth potential for experienced professionals, often exceeding INR 8-10 lakhs. The curriculum aligns with the foundational knowledge required for professional certifications like CA, CS, and CMA in India.
Student Success Practices
Foundation Stage
Master Core Accounting Principles- (Semester 1-2)
Focus intensely on understanding fundamental accounting concepts, principles, and the entire accounting cycle (Journal, Ledger, Trial Balance, Final Accounts). Utilize textbooks, online tutorials, and practice problems rigorously to build a solid base.
Tools & Resources
T.S. Grewal''''s Accountancy, P.C. Tulsian''''s Financial Accounting, Khan Academy, Local coaching classes for problem-solving
Career Connection
Strong fundamentals are crucial for all higher-level accounting subjects and are tested in entry-level accounting roles and professional exams, providing a robust career launchpad.
Develop Strong Analytical and Quantitative Skills- (Semester 1-2)
Pay close attention to Business Economics and Business Statistics. Practice numerical problems regularly to build analytical reasoning. Engage in peer study groups to discuss complex problems and different approaches, enhancing problem-solving capabilities.
Tools & Resources
NCERT Economics/Statistics books, Online quizzes, Study groups, Faculty doubt-solving sessions
Career Connection
These skills are essential for financial analysis, market research, and understanding economic trends impacting businesses, significantly enhancing employability in analytical roles.
Basic Computer Proficiency and English Communication- (Semester 1-2)
Actively learn and practice MS Office (Word, Excel, PowerPoint) and improve English communication through formal and informal practice. Excel skills, in particular, are paramount for accounting tasks and reporting.
Tools & Resources
Microsoft Office tutorials, Online English grammar resources, College''''s language lab, Participation in debates/presentations
Career Connection
Universal employer requirement; strong communication and computer skills open doors to administrative, reporting, and client-facing roles in the Indian job market.
Intermediate Stage
Gain Proficiency in Accounting Software (Tally ERP.9)- (Semester 3-4)
Dedicate time to hands-on practice with accounting software like Tally ERP.9, which is widely used in Indian businesses. Focus on data entry, ledger creation, financial statement generation, and GST application for practical expertise.
Tools & Resources
Tally ERP.9 software (trial version or college lab access), Online Tally tutorials, College workshops on computer applications in business
Career Connection
Provides direct employability for bookkeeping, junior accountant, and accounts assistant roles in SMEs and larger firms across India, making graduates job-ready.
Participate in Internships and Live Projects- (Semester 4-5)
Seek out short-term internships with local CA firms, small businesses, or NGOs during breaks. Actively participate in college projects that involve financial data analysis or business planning to gain real-world exposure.
Tools & Resources
College placement cell, Local job portals, LinkedIn for internship searches, Faculty guidance for project ideas
Career Connection
Provides practical experience, enhances resumes, builds professional networks, and often leads to pre-placement offers, accelerating career entry.
Explore Professional Certification Foundations- (Semester 4-5)
Begin understanding the syllabus and requirements for professional courses like CA Foundation, CS Executive Entrance Test (CSEET), or CMA Foundation. Identify overlapping topics with the B.Com curriculum to gain a head start.
Tools & Resources
ICAI, ICSI, ICMAI websites for syllabus and study materials, Join student chapters of professional bodies
Career Connection
Early preparation for these certifications significantly boosts career prospects in auditing, corporate governance, and management accounting sectors in India, providing a competitive edge.
Advanced Stage
Specialized Tax and Audit Knowledge Application- (Semester 5-6)
Deep dive into Income Tax Law & Practice and Auditing & Assurance. Practice tax computations, filing procedures, and audit methodologies using Indian tax laws and auditing standards to gain specialized expertise.
Tools & Resources
Income Tax Act books, Audit manuals, Case studies on tax and audit, Tax filing portals (e.g., Income Tax India website)
Career Connection
Direct preparation for roles as tax analysts, junior auditors, and compliance officers in accounting firms and corporate finance departments, ensuring industry readiness.
Mock Interviews and Placement Preparation- (Semester 6)
Actively participate in mock interviews, group discussions, and aptitude tests organized by the college. Prepare a strong resume highlighting skills, projects, and internships to showcase your capabilities effectively.
Tools & Resources
College placement cell, Career counseling services, Online aptitude test platforms (e.g., IndiaBix), Interview preparation guides
Career Connection
Essential for securing placements in leading companies, ensuring effective communication of skills and suitability for desired roles, maximizing job opportunities.
Financial Modeling and Advanced Excel Skills- (Semester 6)
Beyond basic Excel, learn advanced functions, data analysis tools, and basic financial modeling techniques relevant for financial analysis roles to handle complex financial data efficiently.
Tools & Resources
Online courses (Coursera, Udemy) on financial modeling, Advanced Excel workshops, Practice with real-world financial data sets
Career Connection
Highly valued skill in investment banking, corporate finance, and equity research roles, allowing for in-depth financial projections and valuations, opening premium career paths.
Program Structure and Curriculum
Eligibility:
- H.S.C. (10+2) or equivalent examination recognized by Saurashtra University
Duration: 3 years (6 semesters)
Credits: 108 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC101 | Financial Accounting - I | Core Compulsory | 4 | Introduction to Accounting, Accounting Principles, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Depreciation Accounting |
| CC102 | Business Economics - I | Core Compulsory | 4 | Nature & Scope of Business Economics, Demand Analysis, Supply Analysis, Production & Cost Analysis, Market Structures |
| FC101 | Fundamentals of Computer - I | Foundation Compulsory | 4 | Introduction to Computers, Operating System Concepts, MS Word, MS Excel, Internet & E-mail |
| AECC101 | English Language - I | Ability Enhancement Compulsory | 2 | English Grammar, Reading Comprehension, Letter Writing, Resume Writing, Basic Communication Skills |
| EC101 | Business Organization and Management - I | Elective | 4 | Nature & Scope of Business, Forms of Business Organization, Evolution of Management Thought, Principles of Management, Planning and Decision Making |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC201 | Financial Accounting - II | Core Compulsory | 4 | Consignment Accounts, Joint Venture Accounts, Royalty Accounts, Hire Purchase and Installment System, Branch Accounts |
| CC202 | Business Statistics - I | Core Compulsory | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Skewness, Correlation Analysis |
| FC201 | Fundamentals of Computer - II | Foundation Compulsory | 4 | MS Access, MS PowerPoint, E-Commerce Basics, Database Management Concepts, Computer Security and Ethics |
| AECC201 | English Language - II | Ability Enhancement Compulsory | 2 | Advanced Grammar and Vocabulary, Report Writing, Public Speaking Skills, Group Discussion Techniques, Precis Writing |
| EC201 | Business Organization and Management - II | Elective | 4 | Organizing and Departmentation, Staffing and Human Resource Management, Directing and Leadership, Motivation and Communication, Controlling and Coordination |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC301 | Advanced Accounting - I | Core Compulsory | 4 | Partnership Accounts (Admission, Retirement, Death), Dissolution of Partnership Firm, Accounting for Amalgamation, Absorption and External Reconstruction, Valuation of Shares and Goodwill |
| CC302 | Cost Accounting - I | Core Compulsory | 4 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing |
| FC301 | Indian Financial System | Foundation Compulsory | 4 | Structure of Indian Financial System, Money Market, Capital Market, Role of RBI, Commercial Banks and Financial Institutions |
| SEC301 | Computer Application in Business - I | Skill Enhancement Compulsory | 2 | Introduction to Accounting Software (Tally ERP.9), Company Creation and Ledgers, Voucher Entry (Sales, Purchase, Payment), Inventory Management in Tally, Payroll Processing Basics |
| EC301 | Business Law - I | Elective | 4 | Indian Contract Act 1872, Offer, Acceptance, Consideration, Capacity of Parties, Free Consent, Legality of Object and Consideration |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC401 | Advanced Accounting - II | Core Compulsory | 4 | Issue and Forfeiture of Shares, Issue and Redemption of Debentures, Accounting for Banking Companies, Accounting for Insurance Companies, Final Accounts of Companies |
| CC402 | Cost Accounting - II | Core Compulsory | 4 | Process Costing, Joint and By-Products, Standard Costing, Variance Analysis, Budgetary Control |
| FC401 | Auditing & Assurance | Foundation Compulsory | 4 | Introduction to Auditing, Types of Audit, Audit Planning and Procedures, Vouching, Verification of Assets & Liabilities |
| SEC401 | Computer Application in Business - II | Skill Enhancement Compulsory | 2 | Advanced Tally ERP.9 Features, GST Implementation in Tally, Financial Reporting and Analysis in Tally, Data Backup and Security, Tally Audit Features |
| EC401 | Business Law - II | Elective | 4 | Sale of Goods Act 1930, Negotiable Instruments Act 1881, Consumer Protection Act, Indian Partnership Act 1932, Limited Liability Partnership Act 2008 |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC501 | Corporate Accounting - I | Core Compulsory | 4 | Accounting Standards (Indian AS), Cash Flow Statements, Fund Flow Statements, Financial Statement Analysis, Ratio Analysis |
| CC502 | Management Accounting - I | Core Compulsory | 4 | Nature & Scope of Management Accounting, Marginal Costing, Break-Even Analysis, Decision Making Techniques (Make or Buy, Discontinue Product), Pricing Decisions |
| FC501 | Income Tax Law & Practice - I | Foundation Compulsory | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Exempted Incomes, Income from Salary, Income from House Property |
| SEC501 | Entrepreneurship Development | Skill Enhancement Compulsory | 2 | Concept of Entrepreneurship, Entrepreneurial Motivation and Qualities, Project Identification and Formulation, Business Plan Preparation, Sources of Finance for New Ventures |
| EC501 | Banking & Insurance - I | Elective | 4 | Introduction to Commercial Banks, Functions of Commercial Banks, Central Bank (RBI) and its Functions, Banking Sector Reforms in India, Introduction to Insurance |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC601 | Corporate Accounting - II | Core Compulsory | 4 | Holding Company Accounts, Departmental Accounts, Insolvency Accounts, Human Resource Accounting, Environmental Accounting |
| CC602 | Management Accounting - II | Core Compulsory | 4 | Responsibility Accounting, Transfer Pricing, Capital Budgeting Decisions, Risk and Uncertainty in Capital Budgeting, Working Capital Management |
| FC601 | Income Tax Law & Practice - II | Foundation Compulsory | 4 | Income from Business & Profession, Capital Gains, Income from Other Sources, Clubbing of Income and Set-off/Carry Forward of Losses, Assessment of Individuals |
| SEC601 | Research Methodology | Skill Enhancement Compulsory | 2 | Introduction to Research, Research Design and Types, Data Collection Methods, Sampling Techniques, Data Analysis and Report Writing |
| EC601 | Banking & Insurance - II | Elective | 4 | Types of Insurance (Life, General, Health), Principles of Insurance, IRDA and Insurance Regulations, Bancassurance, Financial Inclusion Initiatives |
