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BCOM-HONOURS in Auditing at Shyam Lal College
Delhi, Delhi
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About the Specialization
What is Auditing at Shyam Lal College Delhi?
This Auditing program at Shyam Lal College, affiliated with the University of Delhi, focuses on building a robust understanding of auditing principles, corporate governance, and forensic accounting practices. It equips students with skills essential for ensuring financial transparency and compliance, directly addressing the growing demand for skilled auditors in India''''s dynamic corporate sector and stringent regulatory environment. The curriculum integrates theoretical knowledge with practical applications relevant to the Indian industry context.
Who Should Apply?
This program is ideal for fresh graduates aspiring to careers in internal audit, statutory audit, risk assurance, or forensic accounting within India. It also caters to individuals seeking to enter the chartered accountancy profession or those aiming for roles in corporate governance. A strong aptitude for logical reasoning, meticulous attention to detail, and a commitment to ethical conduct in financial matters are beneficial prerequisites for students pursuing this field.
Why Choose This Course?
Graduates of this program can expect diverse career paths within India, including roles as internal auditors, statutory auditors, tax auditors, or forensic accountants in Big Four firms, public sector undertakings, or large Indian corporations. Entry-level salaries typically range from INR 3-6 lakhs annually, with significant growth potential up to INR 15-25 lakhs or more with experience. The rigorous curriculum also provides a strong foundation for preparing for professional certifications like CA (Chartered Accountancy) and ACCA.
Student Success Practices
Foundation Stage
Master Core Accounting and Law Fundamentals- (Semester 1-2)
Diligently study Financial Accounting, Corporate Accounting, and Business Law. These subjects form the bedrock for understanding advanced auditing principles. Utilize online resources like the ICAI study materials for foundational concepts and refer to standard Indian textbooks. Form peer study groups to regularly discuss complex legal and accounting standards, ensuring comprehensive understanding.
Tools & Resources
ICAI Study Material, Taxmann Publications, Peer Study Groups
Career Connection
A strong foundation in these subjects is crucial for smooth understanding of advanced auditing concepts and forms a prerequisite for professional examinations like the CA Intermediate.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Actively engage with case studies in accounting and law subjects to build strong analytical thinking. Practice problem-solving consistently, especially in quantitative subjects like Business Statistics and Business Mathematics, to enhance quantitative aptitude. Participate in college quizzes, debates, and academic competitions related to commerce to further hone these essential skills.
Tools & Resources
Case Study Compendiums, Online Logic Puzzles, Academic Competitions
Career Connection
Auditing requires critical analysis of financial data, legal compliance, and the ability to identify discrepancies, making these skills invaluable for effective audit work.
Build Ethical Awareness and Communication Skills- (Semester 1-2)
Actively participate in discussions on business ethics and corporate governance. Focus on improving written and verbal communication through presentations, report writing, and group discussions in various courses. Regularly read reputable business newspapers like The Economic Times and Business Standard to stay updated on corporate ethics and current affairs.
Tools & Resources
Business Newspapers, Toastmasters (if available), Presentation Software
Career Connection
Strong ethics are paramount in the auditing profession, and effective communication is crucial for presenting audit findings, interacting with clients, and collaborating with colleagues.
Intermediate Stage
Deep Dive into Auditing and Taxation Laws- (Semester 3-5)
Thoroughly grasp the ''''Auditing and Corporate Governance'''' subject in Semester III. Supplement classroom learning with practical examples from Indian audit reports and the Companies Act. Explore advanced taxation papers and actively engage with faculty for clarification on complex legal provisions and their audit implications. Attend workshops on Tally or other prevalent accounting software.
Tools & Resources
Companies Act 2013, Income Tax Act 1961, Tally ERP 9/Prime
Career Connection
Mastering these core subjects is directly applicable to entry-level audit roles and provides essential knowledge for preparing for CA Intermediate and Final examinations.
Seek Internships and Practical Exposure- (Semester 3-5)
Actively pursue internships at small and medium-sized audit firms, tax consulting practices, or corporate finance departments during semester breaks. This hands-on experience in areas like vouching, bank reconciliation, statutory compliance, and tax filing will provide invaluable practical insight into the auditing process in India. Network with professionals in the field through college events.
Tools & Resources
College Placement Cell, LinkedIn, Industry Networking Events
Career Connection
Practical experience is a significant advantage for campus placements and understanding real-world audit challenges beyond theoretical textbooks.
Engage in Professional Body Activities- (Semester 3-5)
Join student chapters of professional bodies like ICAI (Institute of Chartered Accountants of India) or ICSI (Institute of Company Secretaries of India) if available, or attend their webinars and seminars. Participate actively in the college''''s commerce society events like mock parliament, budget analyses, or business plan competitions to hone leadership and practical skills.
Tools & Resources
ICAI/ICSI Student Bodies, Commerce Society Events, Professional Webinars
Career Connection
Early engagement with professional bodies provides industry insights, networking opportunities, and a head start for future professional certifications and career development.
Advanced Stage
Specialize in Advanced Auditing and Forensic Techniques- (Semester 6-8)
If offered, opt for Discipline Specific Electives like ''''Forensic Accounting and Auditing'''' in later semesters. Research recent financial scams in India and analyze audit failures and their implications. Develop proficiency in data analytics tools relevant for audit, such as advanced Excel for large datasets or basic SQL for database queries, which are highly valued in modern auditing practices.
Tools & Resources
Advanced Excel, Basic SQL/Python for Data Analysis, Journal Articles on Forensic Auditing
Career Connection
Specialized knowledge in forensic accounting offers distinct career advantages in a rapidly evolving fraud detection and investigation landscape in India.
Prepare for Placements and Professional Exams- (Semester 6-8)
Begin intensive preparation for campus placements or competitive professional examinations like CA Final, ACCA, or CISA. Focus on aptitude tests, group discussions, case study analyses, and mock interviews. Seek mentorship from seniors and alumni who have successfully navigated these paths to understand the specific expectations of the Indian job market and professional bodies.
Tools & Resources
Placement Training Modules, Previous Year Question Papers, Alumni Network
Career Connection
Targeted preparation is crucial for securing top placements in audit firms or corporations, or for successfully clearing highly competitive professional certifications, directly impacting career launch and growth.
Undertake Research Projects and Industry Studies- (Semester 6-8)
Initiate research projects or dissertations related to contemporary auditing issues, regulatory changes (e.g., impact of IND AS, Companies Act amendments), or corporate governance practices in Indian companies. This builds in-depth knowledge, refines research skills, and fosters critical thinking, beneficial for both academic pursuits and specialized roles in audit research and consulting.
Tools & Resources
Academic Databases, SEBI Regulations, Corporate Annual Reports
Career Connection
Demonstrates advanced analytical skills and subject matter expertise, which are highly valued for higher studies, specialized consulting roles, or leadership positions in the auditing field.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 examination from a recognized board with a minimum aggregate percentage, typically requiring Mathematics or Accountancy as a subject. Specific cut-offs and criteria are determined annually by the University of Delhi for admission.
Duration: 4 years / 8 semesters
Credits: 176 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC1 | Financial Accounting | Core | 4 | Theoretical Framework of Accounting, Accounting Process, Final Accounts of Sole Proprietorship, Accounting for Not-for-Profit Organizations, Computerized Accounting System |
| CC2 | Business Law | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Limited Liability Partnership Act 2008, Information Technology Act 2000, Negotiable Instruments Act 1881 |
| AECC1 | Environmental Science/MIL Communication | Ability Enhancement Compulsory Course | 2 | Environmental Studies Basics, Ecosystems and Biodiversity, Environmental Pollution, Natural Resources Management, Sustainable Development Goals |
| VAC1 | Value Addition Course I (e.g., Financial Literacy, Digital Empowerment) | Value Addition Course | 2 | As per specific course chosen by student from available options |
| GE1 | Generic Elective I (Choice based from other disciplines) | Generic Elective | 4 | As per specific course chosen by student from available options |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC3 | Corporate Accounting | Core | 4 | Accounting for Share Capital, Accounting for Debentures, Redemption of Debentures, Final Accounts of Companies, Cash Flow Statement |
| CC4 | Business Statistics | Core | 4 | Introduction to Statistics, Measures of Central Tendency and Dispersion, Probability Distribution, Correlation and Regression Analysis, Index Numbers |
| AECC2 | English Communication/MIL Communication | Ability Enhancement Compulsory Course | 2 | Reading Comprehension, Writing Skills (Reports, Essays), Grammar and Vocabulary, Oral Communication, Presentation Techniques |
| VAC2 | Value Addition Course II (e.g., Constitutional Values and Fundamental Duties) | Value Addition Course | 2 | As per specific course chosen by student from available options |
| GE2 | Generic Elective II (Choice based from other disciplines) | Generic Elective | 4 | As per specific course chosen by student from available options |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC5 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income (Salaries, House Property), Profits and Gains of Business or Profession, Computation of Total Income and Tax Liability |
| CC6 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Company Auditor (Appointment, Rights, Duties), Audit Process and Techniques, Internal Control System and Internal Audit, Corporate Governance (Concepts, Principles, Regulatory Framework) |
| SEC1 | Skill Enhancement Course I (e.g., E-commerce, Data Analytics) | Skill Enhancement Course | 2 | As per specific course chosen by student from available options |
| VAC3 | Value Addition Course III (e.g., Swachh Bharat) | Value Addition Course | 2 | As per specific course chosen by student from available options |
| GE3 | Generic Elective III (Choice based from other disciplines) | Generic Elective | 4 | As per specific course chosen by student from available options |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC7 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Ascertainment Methods (Job, Process), Cost Control Techniques (Standard Costing, Variance Analysis), Marginal Costing and Decision Making, Budgetary Control |
| CC8 | Business Mathematics | Core | 4 | Matrices and Determinants, Calculus (Differentiation and Integration), Financial Mathematics (Interest, Annuities, EMI), Linear Programming Problems, Set Theory and Probability |
| SEC2 | Skill Enhancement Course II (e.g., Digital Marketing, Supply Chain Management) | Skill Enhancement Course | 2 | As per specific course chosen by student from available options |
| VAC4 | Value Addition Course IV (e.g., Art and Culture) | Value Addition Course | 2 | As per specific course chosen by student from available options |
| GE4 | Generic Elective IV (Choice based from other disciplines) | Generic Elective | 4 | As per specific course chosen by student from available options |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC9 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Performance Management and Appraisal, Compensation Management |
| CC10 | Principles of Marketing | Core | 4 | Introduction to Marketing, Market Segmentation, Targeting and Positioning, Product Decisions, Pricing Decisions, Promotion and Distribution Channels |
| DSE1 | Discipline Specific Elective I (Choice based, e.g., Investment Analysis, Financial Markets) | Elective | 4 | As per specific course chosen by student from available options |
| DSE2 | Discipline Specific Elective II (Choice based, e.g., Banking & Insurance, International Business) | Elective | 4 | As per specific course chosen by student from available options |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC11 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Decisions |
| CC12 | Principles of Macro Economics | Core | 4 | Introduction to Macroeconomics, National Income Accounting, Money and Banking, Inflation and Unemployment, Fiscal and Monetary Policies |
| DSE3 | Discipline Specific Elective III (Choice based, e.g., Indirect Tax, Financial Statement Analysis) | Elective | 4 | As per specific course chosen by student from available options |
| DSE4 | Discipline Specific Elective IV (Choice based, e.g., Management Accounting, Business Analytics) | Elective | 4 | As per specific course chosen by student from available options |
Semester 7
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC13 | Corporate Law | Core | 4 | Company Formation and Incorporation, Memorandum and Articles of Association, Shares and Share Capital, Management and Administration of Companies, Winding Up of Companies |
| CC14 | International Business | Core | 4 | Introduction to International Business, International Trade Theories, Foreign Exchange Market, International Financial Management, Global Business Environment and Strategies |
| DSE5 | Discipline Specific Elective V (Choice based, e.g., Forensic Accounting and Auditing) | Elective | 4 | Introduction to Forensic Accounting, Financial Frauds and Scams, Forensic Investigation Techniques, Cyber Forensics in Accounting, Legal Aspects of Forensic Audits in India |
| DSE6 | Discipline Specific Elective VI (Choice based, e.g., Business Ethics, Rural Marketing) | Elective | 4 | As per specific course chosen by student from available options |
Semester 8
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC15 | Investment Banking & Financial Services | Core | 4 | Investment Banking Functions, Merchant Banking, Stock Broking and Depository Services, Mutual Funds and Venture Capital, Leasing, Hire Purchase, and Factoring |
| CC16 | Goods & Services Tax (GST) & Customs Law | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit Mechanism, Customs Act 1962, Valuation and Assessment in GST Regime |
| DSE7 | Discipline Specific Elective VII (Choice based, e.g., Project Management, Research Project/Dissertation) | Elective | 4 | As per specific course chosen by student from available options |
| DSE8 | Discipline Specific Elective VIII (Choice based, e.g., Entrepreneurship, Supply Chain Management) | Elective | 4 | As per specific course chosen by student from available options |
