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B-COM in Professional Accounting at SRM Institute of Science and Technology
Chengalpattu, Tamil Nadu
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About the Specialization
What is Professional Accounting at SRM Institute of Science and Technology Chengalpattu?
This Professional Accounting program at SRM Institute of Science and Technology focuses on equipping students with advanced knowledge in financial accounting, taxation, auditing, and corporate finance. With India''''s growing economy and regulatory landscape, there is a significant demand for skilled accounting professionals across industries. This program integrates theoretical concepts with practical applications, preparing graduates for complex financial roles.
Who Should Apply?
This program is ideal for fresh graduates with a commerce background seeking entry into accounting, finance, or taxation roles. It also benefits working professionals looking to upskill in areas like GST, Ind AS, or corporate governance. Individuals aspiring for professional certifications like CA, CMA, or ACCA will find the curriculum a strong foundational base, aligning with the growing need for specialized financial expertise in the Indian market.
Why Choose This Course?
Graduates of this program can expect promising career paths as financial analysts, tax consultants, auditors, or management accountants in India. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning INR 8-15 LPA or more. The growth trajectories lead to leadership roles in finance departments of Indian companies, often aligning with professional certifications for enhanced career progression.
Student Success Practices
Foundation Stage
Build a Strong Conceptual Base in Accounting- (Semester 1-2)
Focus on deeply understanding core financial accounting and business law principles. Regularly solve practice problems from textbooks and previous year''''s question papers to strengthen your grasp of fundamentals.
Tools & Resources
Tally ERP 9, ICAI study materials (for conceptual clarity), Basic Accounting textbooks
Career Connection
Strong fundamentals are essential for cracking entry-level accounting roles and serve as a crucial base for professional certifications like CA or CMA.
Develop Effective Study Habits and Time Management- (Semester 1-2)
Create a consistent study schedule, prioritize subjects, and avoid last-minute cramming. Utilize library resources, academic support sessions, and peer learning to manage your academic workload effectively.
Tools & Resources
Google Calendar, Notion (for note-taking), Pomodoro Technique apps, SRMIST Library resources
Career Connection
Disciplined work habits and efficient time management are critical skills for meeting deadlines and managing workload in any professional accounting or finance role.
Engage in Peer Learning and Discussion Groups- (Semester 1-2)
Form study groups to discuss complex topics, clarify doubts, and prepare for internal assessments and examinations. Teaching concepts to peers can solidify your own understanding and improve communication.
Tools & Resources
WhatsApp groups, Google Meet for online discussions, SRMIST campus study rooms
Career Connection
Enhances communication, teamwork, and problem-solving skills, which are highly valued in collaborative corporate environments and professional team settings.
Intermediate Stage
Gain Practical Skills in Taxation and Costing Software- (Semester 3-4)
Learn to use popular accounting software for income tax filing, GST compliance, and cost analysis. Seek practical assignments or mini-projects that involve these tools to gain hands-on experience.
Tools & Resources
Income Tax India e-filing portal, GSTN portal, Tally ERP 9, Busy Accounting Software
Career Connection
Direct practical experience with industry-standard software makes graduates highly employable and proficient in daily accounting and finance operations.
Participate in Workshops and Certifications for Specialized Skills- (Semester 4-5)
Attend workshops on financial modeling, advanced Excel for finance, or introductory data analytics relevant to accounting. Pursue online certifications in areas like Ind AS or IFRS to add value to your profile.
Tools & Resources
NPTEL courses, Coursera/edX (for financial modeling, advanced Excel), Local professional body workshops (e.g., ICAI chapters)
Career Connection
Adds specialized skills to your resume, differentiating you from other candidates and opening doors to niche roles in the finance and accounting sectors.
Seek Industry Exposure through Internships and Live Projects- (Semester 3-5 (especially during summer breaks))
Actively search for internships during semester breaks with accounting firms, banks, or corporate finance departments. Engage in faculty-led live projects to gain invaluable real-world experience and network.
Tools & Resources
LinkedIn, Internshala, SRMIST placement cell, Faculty network
Career Connection
Provides practical application of theoretical knowledge, enhances problem-solving skills, builds a professional network, and often leads to pre-placement offers.
Advanced Stage
Intensive Placement Preparation and Mock Interviews- (Semester 6)
Dedicate time for resume building, aptitude test practice, and mock interviews (technical and HR). Focus on case study analysis for finance roles and practice common interview questions.
Tools & Resources
Online aptitude platforms (e.g., Indiabix), Glassdoor for interview experiences, SRMIST career counseling cell, Mock interview sessions
Career Connection
Maximizes your chances of securing top placements in leading companies and prepares you for the competitive nature of the Indian job market.
Undertake a Comprehensive Capstone Project or Dissertation- (Semester 5 (commencement) - Semester 6 (completion))
Apply accumulated knowledge to a substantial research project in accounting, auditing, or finance. This showcases your analytical and problem-solving abilities, and original contribution to a field.
Tools & Resources
Research databases (e.g., EBSCO, J-STOR), Statistical software (e.g., SPSS, R for basic analysis), Faculty mentors, SRMIST research labs
Career Connection
Demonstrates practical application of knowledge and research skills, which are critical for higher studies, specialized roles, and impressing potential employers.
Build a Professional Network and Stay Updated with Industry Trends- (Throughout the program, intensified in Semester 5-6)
Attend webinars, conferences, and networking events organized by professional bodies like ICAI or ACCA. Follow industry leaders and financial news to stay relevant in the fast-evolving financial sector.
Tools & Resources
LinkedIn, The Economic Times, Business Standard, Professional body memberships (ICAI, ACCA)
Career Connection
Opens doors to future career opportunities, mentorship, and ensures you remain competitive and knowledgeable about current industry practices and regulations.
Program Structure and Curriculum
Eligibility:
- A pass in 10+2 (Higher Secondary) with a minimum aggregate of 50%
Duration: 3 years (6 semesters)
Credits: 124 Credits
Assessment: Internal: 50%, External: 50%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 18LM101T | English | Core | 4 | Communication Skills, Reading Comprehension, Writing Skills, Grammar and Vocabulary, Formal and Informal Communication |
| 18BA101T | Business Economics | Core | 4 | Demand and Supply Analysis, Production and Cost, Market Structures, Macroeconomic Indicators, Business Cycles and Policies |
| 18BA102T | Financial Accounting | Core | 4 | Accounting Concepts and Principles, Journal and Ledger, Trial Balance and Errors, Preparation of Final Accounts, Accounting Standards |
| 18CM101T | Principles of Management | Core | 4 | Nature and Significance of Management, Planning and Decision Making, Organizing and Staffing, Directing and Motivation, Controlling and Coordination |
| 18CM102T | Business Law | Core | 4 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Indian Partnership Act, 1932, Negotiable Instruments Act, 1881, Consumer Protection Act, 1986 |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 18LM102T | Professional English | Core | 4 | Business Correspondence, Report Writing, Presentation Skills, Group Discussion Techniques, Interview Preparation |
| 18BA201T | Company Law | Core | 4 | Company Formation and Types, Share Capital and Debentures, Management and Administration, Meetings and Resolutions, Winding Up of Companies |
| 18BA202T | Corporate Accounting I | Core | 4 | Accounting for Share Capital, Accounting for Debentures, Redemption of Preference Shares, Redemption of Debentures, Final Accounts of Companies |
| 18CM201T | Marketing Management | Core | 4 | Introduction to Marketing, Product and Pricing Decisions, Place and Promotion Decisions, Consumer Behavior, Marketing Research |
| 18CM202T | Quantitative Methods | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 18BA301T | Income Tax Law and Practice I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Liability, Income from Salaries, Income from House Property, Deductions from Gross Total Income |
| 18BA302T | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labor Costing, Overhead Costing, Preparation of Cost Sheet |
| 18BA303T | Corporate Accounting II | Core | 4 | Accounting for Amalgamation, Internal Reconstruction, External Reconstruction, Holding Company Accounts, Investment Accounting |
| 18BA304E1 | Principles of Auditing | Elective | 4 | Nature and Scope of Auditing, Audit Planning and Procedures, Internal Control System, Vouching and Verification, Audit Report |
| 18CM301T | Business Communication | Core | 4 | Process of Communication, Verbal and Non-Verbal Communication, Effective Business Letters, Reports and Memos, Presentation Skills |
| 18PD101L | Soft Skills I | Practical | 1 | Self-Introduction and Goal Setting, Time Management and Prioritization, Stress Management Techniques, Basic Etiquette and Grooming, Self-Awareness and Personal Values |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 18BA401T | Income Tax Law and Practice II | Core | 4 | Income from Capital Gains, Profits and Gains of Business or Profession, Income from Other Sources, Assessment of Individuals, Tax Planning and Management |
| 18BA402T | Advanced Cost Accounting | Core | 4 | Process Costing, Joint and By-Products, Standard Costing, Variance Analysis, Budgetary Control |
| 18BA403T | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement |
| 18BA404E1 | Banking and Insurance | Elective | 4 | Commercial Banking Operations, Types of Accounts and Loans, Central Banking Functions, Principles of Insurance, Types of Life and General Insurance |
| 18CM401T | Business Statistics | Core | 4 | Probability Theory, Probability Distributions, Sampling and Estimation, Hypothesis Testing, Chi-Square Test |
| 18PD201L | Soft Skills II | Practical | 1 | Interpersonal Skills, Team Building and Collaboration, Conflict Resolution, Leadership Qualities, Interview Skills and Resume Building |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 18BA501T | Goods and Services Tax | Core | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Registration under GST, GST Returns and Refunds |
| 18BA502T | Financial Management | Core | 4 | Financial Planning and Forecasting, Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Capital Structure Theories |
| 18BA503T | Auditing and Corporate Governance | Core | 4 | Professional Ethics of an Auditor, Internal Audit and Statutory Audit, Audit of Limited Companies, Concept of Corporate Governance, Role of Board of Directors |
| 18BA504E2 | Investment Management | Elective | 4 | Investment Avenues, Risk and Return Analysis, Fundamental Analysis, Technical Analysis, Portfolio Management |
| 18BA505P | Project Work | Project | 6 | Problem Identification and Formulation, Data Collection Methods, Data Analysis Techniques, Report Writing and Documentation, Presentation of Findings |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 18BA601T | Advanced Corporate Accounting | Core | 4 | Accounting for Banking Companies, Accounting for Insurance Companies, Accounting for Mutual Funds, Liquidation of Companies, Value Added Statement |
| 18BA602T | Accounting for Business Decisions | Core | 4 | Marginal Costing and Break-Even Analysis, Relevant Costing for Decision Making, Pricing Decisions, Capital Expenditure Decisions, Transfer Pricing |
| 18BA603T | Business Ethics and Values | Core | 4 | Ethical Theories in Business, Corporate Governance and Ethics, Consumer Protection and Ethics, Environmental Ethics, Ethical Decision Making in Business |
| 18BA604E1 | Stock Market Operations | Elective | 4 | Primary Market Operations, Secondary Market Operations, Trading Mechanism and Clearing, Derivatives Market, Regulatory Framework (SEBI) |
| 18BA605E1 | Financial Reporting | Elective | 4 | Indian Accounting Standards (Ind AS), International Financial Reporting Standards (IFRS), Consolidated Financial Statements, Segment Reporting, Earnings Per Share (EPS) |
