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B-COM in Accounting And Finance at SRM Institute of Science and Technology
Chengalpattu, Tamil Nadu
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About the Specialization
What is Accounting and Finance at SRM Institute of Science and Technology Chengalpattu?
This B.Com Accounting and Finance program at SRM Institute of Science and Technology focuses on equipping students with a robust understanding of financial principles, accounting practices, and taxation laws relevant to the Indian business landscape. The curriculum blends theoretical knowledge with practical skills, preparing graduates for roles in corporate finance, auditing, and investment. It emphasizes statutory compliance and strategic financial decision-making, crucial for success in India''''s dynamic economic environment.
Who Should Apply?
This program is ideal for recent 12th-grade graduates with a strong aptitude for numbers and an interest in financial markets and corporate accounting. It also caters to those aspiring to pursue professional certifications like CA, CMA, or CS, providing a strong academic foundation. Individuals seeking entry-level positions in financial analysis, taxation, or auditing within Indian companies will find this program highly beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as financial analysts, tax consultants, auditors, investment bankers, and corporate accountants. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning INR 8-15+ lakhs. The program aligns well with the initial stages of professional accounting and finance certifications, fostering strong growth trajectories in Indian and multinational corporations.
Student Success Practices
Foundation Stage
Master Core Accounting & Business Fundamentals- (Semester 1-2)
Dedicate time daily to understanding foundational concepts in Financial Accounting, Business Economics, and Statistics. Utilize textbooks, online tutorials, and practice problems consistently. Form small study groups to discuss complex topics and clarify doubts, building a solid base for advanced subjects.
Tools & Resources
Textbooks, Khan Academy, Investopedia, Peer Study Groups
Career Connection
A strong grasp of fundamentals is crucial for excelling in advanced finance and accounting roles, as employers seek candidates with robust conceptual clarity.
Develop Essential Communication & IT Skills- (Semester 1-2)
Actively participate in Professional English courses, focusing on improving public speaking, presentation, and written communication skills. Gain hands-on proficiency in MS Office suite (Excel, Word, PowerPoint) and learn basic computer applications relevant to business through lab sessions. These skills are vital for corporate environments.
Tools & Resources
MS Office suite, Online tutorials, Presentation platforms
Career Connection
Effective communication and IT literacy are non-negotiable in the corporate world, enhancing your ability to present ideas and manage data efficiently, leading to better career opportunities.
Engage Actively with Academic & Peer Support- (Semester 1-2)
Attend all lectures, clarify doubts during office hours with faculty, and actively participate in class discussions. Form peer learning groups to share knowledge and prepare for examinations collectively. Engage in introductory quizzes or inter-college competitions to gain early exposure and confidence.
Tools & Resources
Faculty office hours, Student clubs, Online forums
Career Connection
Building a strong academic network and seeking regular feedback improves learning outcomes and prepares you for collaborative work environments, a key aspect of career growth.
Intermediate Stage
Deepen Financial & Legal Acumen- (Semester 3-5)
Intensely focus on Corporate Accounting, Cost Accounting, Financial Management, Income Tax, and Business Law. Solve numerous case studies and practical problems. Stay updated with Indian financial news by reading publications like The Economic Times or Livemint, and follow Union Budget updates to understand real-world applications.
Tools & Resources
Case study books, Financial newspapers, Taxmann resources
Career Connection
Advanced understanding of these areas is essential for roles in corporate finance, taxation, and auditing, and provides a competitive edge in professional exams.
Gain Practical Software Proficiency- (Semester 3-5)
Beyond theoretical knowledge, dedicate time to master Tally Prime for accounting and advanced functions of MS Excel for financial modeling and data analysis. Consider pursuing online certifications for tools like SAP FICO or financial modeling on platforms like Coursera. Practical skills are highly valued by employers.
Tools & Resources
Tally Prime, Advanced Excel courses, Coursera, Udemy
Career Connection
Employers in India prioritize candidates with demonstrable software skills, as they can immediately contribute to financial operations and data-driven decision-making.
Seek Early Industry Exposure through Internships- (Semester 3-5)
Actively search for and undertake short-term internships after your 3rd or 4th semester in local accounting firms, banks, or startups. Attend industry guest lectures, workshops, and seminars organized by the department. Start networking with professionals on LinkedIn to gain insights and potential opportunities.
Tools & Resources
LinkedIn, Internshala, College career cell, Industry events
Career Connection
Early exposure provides practical experience, helps identify career interests, and builds a professional network, often leading to better placement opportunities or referrals.
Advanced Stage
Intensive Placement & Professional Exam Preparation- (Semester 6)
Begin rigorous preparation for campus placements, focusing on resume building, mock interviews, and aptitude tests. Simultaneously, start preparing for professional certifications like CA/CMA/CS foundation/intermediate levels or NISM certifications. Leverage the college''''s career services for guidance and workshops.
Tools & Resources
Career Services, Aptitude test books, Professional body study material
Career Connection
Strategic preparation for placements and professional exams significantly boosts employability and opens doors to specialized, high-paying roles in the Indian finance sector.
Execute Capstone Project/Research with Focus- (Semester 6)
Utilize the Project Work and Project Report components in your final semesters to conduct in-depth research on a niche area within accounting or finance. Choose a topic that aligns with your career aspirations or current industry trends. This showcases analytical thinking, problem-solving abilities, and report writing skills.
Tools & Resources
Research databases, Faculty mentors, Statistical software
Career Connection
A well-executed project demonstrates independent research capability and a deep understanding of a specific domain, making you a more attractive candidate to employers.
Strategic Networking & Career Planning- (Semester 6)
Actively engage with SRMIST alumni working in finance and accounting. Attend job fairs and industry conferences to expand your professional network. Refine your career goals, identify target companies, and roles, and tailor your applications accordingly. Leverage internship experiences to secure pre-placement offers or strong referrals.
Tools & Resources
Alumni network, LinkedIn, Industry conferences, Career counsellors
Career Connection
Networking is paramount for long-term career success in India. Strategic connections can provide insights, mentorship, and direct access to job opportunities, accelerating your professional journey.
Program Structure and Curriculum
Eligibility:
- Minimum 50% aggregate in 10th and 12th standard with Mathematics / Business Mathematics / Accountancy / Statistics / Computer Science / Economics as one of the subjects.
Duration: 3 years / 6 semesters
Credits: 109 Credits
Assessment: Internal: 50%, External: 50%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULM21T101 | Professional English I | LCC (Language and Communication Course) | 3 | Listening Skills, Speaking Skills, Reading Skills, Writing Skills, Language Etiquette |
| UCM21T101 | Financial Accounting I | Core | 4 | Accounting Principles, Journal and Ledger, Trial Balance and Final Accounts, Rectification of Errors, Depreciation Accounting |
| UCM21T102 | Business Economics | Core | 3 | Introduction to Economics, Demand and Supply Analysis, Production and Cost Analysis, Market Structures, Pricing Strategies |
| UCM21T103 | Business Organisation and Management | Core | 3 | Nature of Business, Forms of Business Organisation, Principles of Management, Planning and Organizing, Directing and Controlling |
| UCM21T104 | Marketing Management | Core | 3 | Introduction to Marketing, Consumer Behavior, Product and Price Decisions, Place and Promotion Decisions, Marketing Channels |
| UCM21P101 | Computer Applications in Business | Lab | 2 | MS-Word for Business Documentation, MS-Excel for Data Analysis, MS-PowerPoint for Presentations, Internet and E-Commerce Basics, Introduction to ERP |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULM21T201 | Professional English II | LCC (Language and Communication Course) | 3 | Advanced Reading Techniques, Critical Thinking and Analysis, Report Writing Skills, Presentation Skills, Group Discussion Strategies |
| UCM21T201 | Financial Accounting II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Branch Accounts, Departmental Accounts, Hire Purchase and Royalty Accounts |
| UCM21T202 | Business Statistics | Core | 3 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
| UCM21T203 | Corporate Administration | Core | 3 | Company Law Fundamentals, Incorporation of Companies, Shares and Debentures, Company Meetings, Directors and Winding Up |
| UCM21T204 | Human Resource Management | Core | 3 | HR Planning and Job Analysis, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation and Employee Relations |
| UCM21P201 | Banking Theory and Practice | Core | 2 | Indian Banking System, Reserve Bank of India, Commercial Banks and Functions, E-banking and Digital Payments, Customer Relationship Management in Banking |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULM21T301 | Universal Human Values | AECC (Ability Enhancement Compulsory Course) | 2 | Introduction to Value Education, Understanding Harmony in Self, Harmony in Family and Society, Harmony in Nature, Professional Ethics |
| UCM21T301 | Corporate Accounting | Core | 4 | Issue and Forfeiture of Shares, Redemption of Debentures, Underwriting of Shares, Company Final Accounts, Amalgamation and Reconstruction |
| UCM21T302 | Business Law | Core | 3 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Consumer Protection Act, 2019, Indian Partnership Act, 1932, Negotiable Instruments Act, 1881 |
| UCM21T303 | Cost Accounting | Core | 3 | Cost Concepts and Classifications, Material Costing Methods, Labour Costing, Overhead Costing, Activity Based Costing |
| UCM21T304 | Financial Management | Core | 3 | Goals of Financial Management, Capital Budgeting Decisions, Capital Structure Theories, Working Capital Management, Dividend Policy |
| UCM21E01A | Retail Management | Elective I (Example) | 3 | Introduction to Retailing, Retail Formats and Theories, Merchandising and Pricing, Store Operations and Layout, Retail Marketing and Branding |
| UCM21P301 | Advanced Excel for Business | Lab | 2 | Advanced Functions and Formulas, Data Validation and Conditional Formatting, Pivot Tables and Charts, Macros and VBA Basics, What-If Analysis Tools |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ULM21T401 | Environmental Studies | AECC (Ability Enhancement Compulsory Course) | 2 | Ecosystems and Biodiversity, Environmental Pollution, Natural Resources and Conservation, Environmental Ethics, Climate Change and Sustainable Development |
| UCM21T401 | Management Accounting | Core | 4 | Marginal Costing and Break-Even Analysis, Budgetary Control, Standard Costing and Variance Analysis, Fund Flow Statement, Cash Flow Statement |
| UCM21T402 | Entrepreneurship Development | Core | 3 | Concept of Entrepreneurship, Creativity and Innovation, Business Plan Preparation, Sources of Funding, Government Policies for Startups |
| UCM21T403 | Income Tax Law & Practice I | Core | 3 | Basic Concepts of Income Tax, Residential Status, Income from Salaries, Income from House Property, Deductions from Gross Total Income |
| UCM21E02A | Principles of Insurance | Elective II (Example) | 3 | Introduction to Insurance, Life Insurance Principles, General Insurance Types, Risk Management and Underwriting, IRDA and Regulatory Framework |
| UCM21S01A | Business Communication | SEC (Skill Enhancement Course) | 2 | Principles of Effective Communication, Oral Communication Skills, Written Communication Skills, Presentation Skills, Interpersonal Communication |
| UCM21P401 | Tally Prime Lab | Lab | 2 | Company Creation and Configuration, Ledger and Voucher Entry, Inventory Management, Payroll Processing, GST and Financial Reporting |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UCM21T501 | Auditing and Corporate Governance | Core | 4 | Introduction to Auditing, Types of Audits, Audit Planning and Internal Control, Audit Report, Principles of Corporate Governance |
| UCM21T502 | Goods and Service Tax (GST) | Core | 3 | Introduction to GST Law, Levy and Collection of GST, Registration under GST, Input Tax Credit, Time and Value of Supply, GST Returns |
| UCM21T503 | Financial Markets and Institutions | Core | 3 | Indian Financial System, Money Market, Capital Market, SEBI and its Role, Mutual Funds and Financial Services |
| UCM21E03A | Investment Management | Elective III (Example) | 3 | Investment Avenues, Risk and Return Analysis, Security Analysis, Portfolio Management, Derivatives and Technical Analysis |
| UCM21S02A | Advanced Business Analytics | SEC (Skill Enhancement Course) | 2 | Introduction to Data Analytics, Data Mining Techniques, Predictive Modeling, Business Intelligence Tools, Case Studies in Business Analytics |
| UCM21PRJ501 | Project Work | Project | 2 | Project Identification and Formulation, Research Design, Data Collection and Analysis, Report Writing, Project Presentation |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| UCM21T601 | International Business | Core | 4 | Globalization and International Trade, Theories of International Trade, Foreign Exchange Markets, International Financial Institutions, Export-Import Procedures |
| UCM21T602 | Income Tax Law & Practice II | Core | 3 | Assessment of Firms and Companies, Assessment of Trusts and Associations, Capital Gains, Income from Other Sources, Tax Planning and Management |
| UCM21T603 | Portfolio Management | Core | 3 | Modern Portfolio Theory, Markowitz Model, Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), Portfolio Evaluation and Revision |
| UCM21E04A | Financial Derivatives | Elective IV (Example) | 3 | Introduction to Derivatives, Forwards and Futures, Options: Types and Strategies, Swaps and Other Derivatives, Hedging and Option Pricing Models |
| UCM21V601 | Internship | VEC (Value Added Course) | 2 | Practical Industry Exposure, Application of Theoretical Knowledge, Professional Skill Development, Networking with Industry Experts, Internship Report Submission |
| UCM21PRJ602 | Project Report | Project | 2 | In-depth Research Methodology, Problem Solving and Critical Analysis, Data Interpretation and Findings, Report Finalization and Presentation, Contribution to Knowledge |
