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B-COM in Accounting Taxation at Soundarya Institute of Management & Science
Bengaluru, Karnataka
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About the Specialization
What is Accounting & Taxation at Soundarya Institute of Management & Science Bengaluru?
This Accounting & Taxation program at Soundarya Institute of Management & Science focuses on equipping students with comprehensive knowledge and practical skills in financial accounting, corporate accounting, income tax, and Goods and Services Tax (GST). Given India''''s complex tax regime and dynamic economic landscape, this specialization is highly relevant, preparing graduates for key roles in financial compliance and advisory services within the Indian industry. The program differentiates itself by integrating theoretical foundations with practical applications, reflecting current industry demands.
Who Should Apply?
This program is ideal for fresh graduates from 10+2 commerce or science streams seeking entry into core finance and taxation roles. It also benefits aspiring accountants, tax consultants, and financial analysts looking to build a strong foundation. Working professionals in related fields who aim to upskill in specific areas of Indian taxation and accounting standards will find this beneficial. Candidates with a strong aptitude for numbers, analytical thinking, and attention to detail are particularly well-suited for this specialization.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths such as Tax Consultants, Financial Analysts, Auditors, Accountants, and Compliance Officers in India. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, growing significantly with experience. The program aligns with requirements for professional certifications like CA, CMA, and CS, providing a strong academic base. Graduates will be well-prepared for roles in Indian corporations, accounting firms, and government sectors, contributing to financial management and regulatory compliance.
Student Success Practices
Foundation Stage
Master Accounting & Math Fundamentals- (Semester 1-2)
Dedicate time in Semesters 1 and 2 to build a rock-solid foundation in Financial Accounting and Business Mathematics. Utilize textbooks, practice problems diligently, and form study groups with peers to clarify concepts. Focus on understanding the ''''why'''' behind each accounting entry and mathematical formula.
Tools & Resources
Textbooks, solved problem sets, online tutorials (e.g., YouTube channels for B.Com basics), peer study groups.
Career Connection
Strong fundamentals are crucial for all advanced accounting and taxation papers, directly impacting future performance in professional exams like CA/CMA and ensuring a clear understanding of complex financial transactions in industry roles.
Develop Communication & Soft Skills- (Semester 1-2)
Actively participate in English language classes and extracurricular activities like debates, public speaking, and presentations. Focus on improving both written and verbal communication, crucial for professional reports, client interactions, and team collaboration. Join college clubs to gain confidence.
Tools & Resources
College communication labs, Toastmasters-style clubs, practicing presentations with friends, reading business newspapers like The Economic Times.
Career Connection
Effective communication is paramount in finance and taxation roles, enabling clear articulation of financial advice, report writing, and client management, significantly enhancing employability and career progression.
Early Exposure to Business Software- (Semester 1-2)
Start familiarizing yourself with basic business software like MS Excel and Tally ERP in the first two semesters, even before formal courses. Practice data entry, simple calculations, and report generation. Seek out online courses or college workshops.
Tools & Resources
MS Office tutorials, Tally ERP educational versions, online platforms like Udemy/Coursera for beginner courses, college computer lab resources.
Career Connection
Proficiency in essential business software is a baseline requirement for most accounting and finance jobs in India, making you immediately job-ready for entry-level roles and internships.
Intermediate Stage
Deep Dive into Income Tax & Corporate Accounting- (Semester 3-5)
From Semesters 3 to 5, focus intensely on Income Tax and Corporate Accounting papers. Solve numerous practical problems, refer to case studies, and stay updated with recent amendments to tax laws. Attend workshops on income tax filing and corporate compliance.
Tools & Resources
Taxmann publications, ICAI study material for basic tax laws, tax software demos, financial newspapers and journals, guest lectures by tax professionals.
Career Connection
These subjects form the bedrock of the ''''Accounting & Taxation'''' specialization, directly preparing you for roles in audit, tax advisory, and corporate finance departments, making you a valuable asset to any Indian business.
Pursue Certification Aligned with Specialization- (Semester 3-5)
Alongside your degree, consider pursuing relevant short-term certifications. For Accounting & Taxation, courses in GST Practitioner, Advanced Excel for Finance, or basic Tally ERP certification can add significant value. This shows proactive learning and specialization.
Tools & Resources
Online platforms (Coursera, LinkedIn Learning), institutes offering GST certification, college-industry collaboration programs.
Career Connection
Certifications validate specific skill sets, making your resume stand out in the competitive Indian job market and directly enhancing your chances for specialized roles and better compensation.
Engage in Mini-Projects and Internships- (Semester 3-5)
Actively seek out mini-projects or short internships during semester breaks. These can involve data analysis, tax calculation assistance for small businesses, or supporting accounting departments. Even unpaid exposure provides invaluable practical experience.
Tools & Resources
College placement cell, personal networking, local accounting firms, small and medium enterprises (SMEs) looking for student support.
Career Connection
Practical exposure bridges the gap between theory and real-world application, builds a professional network, and provides tangible experience for your resume, crucial for securing future placements in India.
Advanced Stage
Master GST and Advanced Taxation Applications- (Semester 5-6)
In Semesters 5 and 6, with the specialization kicking in, deep dive into Goods and Services Tax (GST) and Advanced Taxation. Practice real-world GST calculations, filing procedures, and complex tax planning scenarios. Stay abreast of all regulatory changes and latest judicial pronouncements.
Tools & Resources
GST software, official GST portal, tax news portals, workshops on e-filing, chartered accountant firm internships.
Career Connection
Expertise in GST and advanced taxation is highly sought after in India due to its complexity and frequent changes, making you a specialist in corporate tax compliance and advisory, leading to senior roles.
Undertake a Comprehensive Project/Internship- (Semester 6)
Utilize the final semester''''s project work or internship component to gain significant industry experience in Accounting & Taxation. Choose a topic or role that allows you to apply theoretical knowledge to complex, real-world problems, such as forensic accounting, tax audit, or IFRS implementation.
Tools & Resources
Industry mentors, professional accounting bodies, company reports, relevant software tools (e.g., SAP FICO, Oracle Financials).
Career Connection
A substantial project or internship often serves as a direct pathway to full-time employment, demonstrating your capability to handle significant responsibilities and contribute meaningfully to an organization from day one.
Network and Prepare for Placements- (Semester 6)
Actively participate in placement preparatory activities, mock interviews, and resume building workshops. Network with alumni, faculty, and industry professionals. Attend job fairs and recruitment drives, specifically targeting accounting and taxation roles in reputed firms.
Tools & Resources
College placement cell, LinkedIn, professional networking events, alumni association, online interview preparation platforms.
Career Connection
Strategic networking and thorough placement preparation are critical for securing desired jobs immediately after graduation, opening doors to diverse career opportunities in India''''s robust finance and accounting sectors.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed the two years Pre-University Examination conducted by the Pre-University Education Board in Karnataka State or an equivalent examination of any other board recognized as equivalent, with Commerce or Science as one of the subjects, is eligible for admission to this programme.
Duration: 6 Semesters / 3 Years
Credits: 132 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 1.1 | Language I (Kannada/Sanskrit/Hindi/French) | Compulsory Language | 4 | Prescribed Literary Texts, Functional Grammar, Communication Skills, Vocabulary Development, Translation |
| 1.2 | Language II (English) | Compulsory Language | 4 | Communicative English, Grammar and Usage, Writing Skills, Listening and Speaking Practice, Literary Comprehension |
| 1.3 | Financial Accounting I | Core | 4 | Introduction to Accounting, Accounting Principles and Concepts, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Depreciation Accounting |
| 1.4 | Business Economics | Core | 4 | Introduction to Business Economics, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Practices |
| 1.5 | Fundamentals of Business Mathematics | Core | 4 | Arithmetic Progressions, Geometric Progressions, Matrices and Determinants, Ratio and Proportion, Simple and Compound Interest |
| 1.6 | Indian Financial System | Core | 4 | Overview of Financial System, Financial Markets (Money & Capital), Financial Institutions (Banks, NBFCs), Financial Instruments, Role of Regulatory Bodies (RBI, SEBI) |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 2.1 | Language I (Kannada/Sanskrit/Hindi/French) | Compulsory Language | 4 | Literary Forms, Grammar and Composition, Official Language Usage, Cultural Context, Modern Writing |
| 2.2 | Language II (English) | Compulsory Language | 4 | Business Communication, Report Writing, Presentations, Reading Comprehension, Oral Communication |
| 2.3 | Financial Accounting II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Hire Purchase and Installment Systems, Departmental Accounts, Branch Accounts |
| 2.4 | Business Statistics | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| 2.5 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Marketing Mix (4Ps), Segmentation, Targeting, Positioning |
| 2.6 | Business Ethics and Entrepreneurship | Core | 4 | Business Ethics Concepts, Corporate Social Responsibility, Ethical Decision Making, Concept of Entrepreneurship, Small Business Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 3.1 | Corporate Accounting I | Core | 4 | Accounting for Share Capital, Issue of Debentures, Redemption of Debentures, Final Accounts of Companies, Profit Prior to Incorporation |
| 3.2 | Income Tax I | Core | 4 | Introduction to Income Tax, Residential Status and Tax Incidence, Incomes Exempt from Tax, Income from Salaries, Income from House Property |
| 3.3 | Financial Management I | Core | 4 | Introduction to Financial Management, Time Value of Money, Capital Budgeting, Cost of Capital, Operating and Financial Leverage |
| 3.4 | Quantitative Analysis for Business Decisions | Core | 4 | Linear Programming, Transportation Problem, Assignment Problem, Network Analysis (CPM/PERT), Decision Theory |
| 3.5 | Banking Law and Operations | Core | 4 | Commercial Banks, RBI and Monetary Policy, Negotiable Instruments Act, Banker-Customer Relationship, Lending and Investment Functions |
| 3.6 | Skill Enhancement Course (SEC) - Computer Applications in Business | Skill Enhancement | 2 | MS Word for Business, MS Excel for Accounting, MS PowerPoint for Presentations, Internet and E-commerce Basics, Tally ERP Fundamentals |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 4.1 | Corporate Accounting II | Core | 4 | Valuation of Goodwill and Shares, Amalgamation and Reconstruction, Consolidated Financial Statements, Accounting for Liquidation, Accounting for Banking Companies |
| 4.2 | Income Tax II | Core | 4 | Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income, Deductions from Gross Total Income |
| 4.3 | Financial Management II | Core | 4 | Working Capital Management, Receivables Management, Inventory Management, Cash Management, Dividend Decisions |
| 4.4 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Concepts and Classification, Material Costing, Labor Costing, Overhead Costing |
| 4.5 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Types of Audit, Audit Procedures and Techniques, Audit Report, Corporate Governance Principles |
| 4.6 | Skill Enhancement Course (SEC) - Business Analytics | Skill Enhancement | 2 | Introduction to Business Analytics, Data Visualization Tools, Descriptive Analytics, Predictive Analytics Basics, Spreadsheet Modelling for Business |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 5.1 | Goods and Services Tax (GST) & Customs Duty | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Procedure under GST Law, Customs Duty Fundamentals |
| 5.2 | Advanced Accounting | Core | 4 | Accounting for Price Level Changes, Human Resource Accounting, Social Responsibility Accounting, Environmental Accounting, Inflation Accounting |
| 5.3 | Advanced Taxation | Elective (Accounting & Taxation) | 4 | Assessment of Individuals, Assessment of Partnership Firms, Assessment of Companies, Tax Planning, International Taxation Overview |
| 5.4 | International Financial Reporting Standards (IFRS) | Elective (Accounting & Taxation) | 4 | Introduction to IFRS, Conceptual Framework for Financial Reporting, IFRS 1: First-time Adoption, Presentation of Financial Statements (IAS 1), IFRS vs. Indian GAAP |
| 5.5 | Research Methodology and Business Analytics | Elective (Accounting & Taxation) | 4 | Introduction to Research Methodology, Research Design, Data Collection Methods, Data Analysis Tools, Report Writing |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 6.1 | International Business | Core | 4 | Introduction to International Business, Theories of International Trade, Modes of Entry into International Business, Global Financial Markets, International Marketing |
| 6.2 | Management Accounting | Core | 4 | Introduction to Management Accounting, Fund Flow Statement, Cash Flow Statement, Marginal Costing and Break-Even Analysis, Budgetary Control |
| 6.3 | Auditing Practices | Elective (Accounting & Taxation) | 4 | Internal Control Systems, Vouching and Verification, Audit of Companies, Investigation and Due Diligence, Ethics and Professional Conduct for Auditors |
| 6.4 | Financial Derivatives | Elective (Accounting & Taxation) | 4 | Introduction to Derivatives, Forwards and Futures, Options: Call and Put, Swaps, Hedging Strategies |
| 6.5 | Project Work / Internship | Project | 4 | Problem Identification, Literature Review, Data Collection and Analysis, Report Writing, Presentation and Viva-Voce |
