.png&w=1920&q=75)
B-COM-FINANCE-TAXATION in Finance Taxation at St. Aloysius College, Edathua
Alappuzha, Kerala
.png&w=1920&q=75)
About the Specialization
What is Finance & Taxation at St. Aloysius College, Edathua Alappuzha?
This B.Com. Finance & Taxation program at St. Aloysius College, Edathua, focuses on equipping students with comprehensive knowledge in financial management, accounting, and India''''s taxation system. In the dynamic Indian economy, understanding financial instruments, corporate finance, and the evolving tax landscape (like GST and Income Tax) is critical. This program offers a robust curriculum aligned with industry requirements, preparing students for various roles in the financial sector.
Who Should Apply?
This program is ideal for Plus Two graduates passionate about numbers, economic policies, and the intricacies of financial markets. It caters to those aspiring to become tax consultants, financial analysts, accountants, or entrepreneurs in India. Individuals seeking a strong foundation for higher studies like M.Com., CA, CMA, or CS, and those eager to navigate India''''s financial regulatory environment, will find this course highly beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as tax advisors, junior accountants, financial executives, and auditing assistants. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with experienced professionals earning significantly more. The strong emphasis on taxation and finance also prepares students for professional certifications like GST Practitioner and NISM certifications, enhancing their employability and growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Master Accounting & Business Fundamentals- (Semester 1-2)
Consistently practice journal entries, ledger postings, and final accounts. Understand core business concepts from various forms of organization to management principles. Utilize online accounting tutorials and practice problem sets regularly to build a strong base.
Tools & Resources
TallyPrime (trial version), Indian Accounting Standards (guidelines), YouTube tutorials for basic accounting principles
Career Connection
A robust foundation in accounting and business is essential for all finance and taxation roles, from entry-level accountant to financial analyst, ensuring a smooth transition into professional work.
Develop Quantitative and Analytical Skills- (Semester 1-3)
Focus on understanding statistical methods for business and practicing quantitative techniques taught in class. Engage in solving problems related to measures of central tendency, dispersion, correlation, and regression. Participate in quizzes or challenges to sharpen problem-solving abilities.
Tools & Resources
Microsoft Excel for data analysis, Statistics textbooks, Online practice platforms like Khan Academy for basic stats
Career Connection
Strong quantitative skills are crucial for financial analysis, tax computation, and interpreting market data, making graduates more competitive in finance and consulting roles.
Enhance Communication & Professional English- (Semester 1-4)
Actively participate in group discussions, presentations, and debates during common English courses. Read financial newspapers like ''''The Economic Times'''' or ''''Business Standard'''' daily to improve vocabulary and comprehension of business news. Practice writing formal reports and emails.
Tools & Resources
Financial newspapers (print/online), Grammar and vocabulary building apps, Toastmasters (if available locally)
Career Connection
Effective communication is paramount in client interactions, team collaborations, and presenting financial reports, critical for career progression in any business sector.
Intermediate Stage
Deep Dive into Corporate Accounting & Costing- (Semester 3-4)
Go beyond textbook knowledge by studying real-world corporate balance sheets and annual reports of Indian companies. Solve advanced problems in corporate accounting, amalgamation, and cost sheet preparation. Seek mentorship from faculty for complex case studies.
Tools & Resources
MCA website for company filings, Financial accounting software demos, Previous year question papers
Career Connection
Proficiency in corporate accounting and costing is directly applicable to roles in corporate finance, auditing, and management accounting departments of Indian businesses.
Begin Professional Certification Preparations- (Semester 4-5)
Explore and consider foundational certifications relevant to finance and taxation in India, such as NISM certifications (Equity Derivatives, Mutual Funds) or a basic GST Practitioner course. Start studying the relevant modules parallel to academic coursework.
Tools & Resources
NISM study materials, Online GST practitioner courses (e.g., from ICAI/ICSI/private institutes), mock tests
Career Connection
Early engagement with professional certifications demonstrates initiative and specialized knowledge, making graduates more attractive to employers in financial services and tax advisory firms.
Gain Practical Software Proficiency- (Semester 4-5)
Acquire hands-on experience with accounting software like Tally Prime, and tax filing software used in India. Learn advanced Excel functions relevant to finance. Seek out workshops or online courses to build these essential technical skills.
Tools & Resources
Tally Prime training modules, GST filing software demos, Advanced Excel courses (e.g., Coursera, Udemy)
Career Connection
Software proficiency is a non-negotiable skill for modern finance and taxation roles, significantly boosting efficiency and opening doors to specialized positions.
Advanced Stage
Master Income Tax and GST Laws- (Semester 5-6)
Thoroughly understand the latest amendments in Income Tax and GST laws. Practice filing mock tax returns, compute various heads of income, and learn about input tax credit mechanisms. Stay updated with budget announcements and circulars from the Indian government.
Tools & Resources
Income Tax Act, 1961 (latest edition), GST Act, 2017, Taxmann''''s guides, Government tax portals
Career Connection
Expertise in Indian taxation is highly sought after by accounting firms, tax consultancies, and corporate finance departments, offering specialized career opportunities.
Undertake a Relevant Internship/Project- (Semester 5-6)
Secure an internship with a local CA firm, tax consultancy, bank, or financial institution to apply theoretical knowledge in a real-world setting. Actively participate in the final year project, choosing a topic relevant to Finance or Taxation, involving data analysis and practical recommendations.
Tools & Resources
College placement cell, LinkedIn for internship searches, Industry contacts
Career Connection
Internships provide invaluable industry exposure, networking opportunities, and often lead to pre-placement offers, significantly enhancing employability and career launch.
Network and Prepare for Placements- (Semester 6)
Attend industry seminars, workshops, and guest lectures to network with professionals. Prepare a strong resume highlighting skills and project work. Practice mock interviews and aptitude tests, focusing on finance and taxation specific questions relevant to the Indian job market.
Tools & Resources
Professional networking platforms (LinkedIn), Aptitude test preparation books, College career services
Career Connection
Strategic networking and thorough placement preparation are critical for securing desired job roles in leading Indian companies and financial institutions post-graduation.
Program Structure and Curriculum
Eligibility:
- Candidates who have passed Plus Two or equivalent with Accountancy/Commerce/Economics/Maths/Computer Application/Statistics/Computer Science as one of the subjects with 45% marks are eligible for admission to B.Com. (The minimum marks required for admission to B.Com. for SC/ST is a pass in the qualifying examination. For SEBC candidates 3% relaxation will be given).
Duration: 3 years / 6 semesters
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ENG1AC01 | English I - Foundations of Communication | Common Course | 4 | Communicative Grammar, Reading Skills, Writing Skills, Language Functions, Listening & Speaking |
| ENG1AC02 | English II - Readings in Literature & Culture | Common Course | 3 | Poetry, Short Story, One-Act Play, Literary Appreciation, Cultural Contexts |
| MAL1AC01/HIN1AC01/ARA1AC01 | Additional Language I (Choose any one: Malayalam/Hindi/Arabic) | Common Course | 4 | Prose, Poetry, Grammar, Composition, Literary History |
| CM1CRT01 | Perspectives and Methodology of Business Studies | Core Course | 4 | Business Basics, Forms of Organization, Business Environment, Social Responsibility, Business & IT, Entrepreneurship |
| CM1CMT01 | Business Regulatory Framework | Complementary Course | 3 | Indian Contract Act, Sale of Goods Act, Consumer Protection, Negotiable Instruments Act, Intellectual Property, Competition Law |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ENG2AC03 | English III - Literature & the Contemporary World | Common Course | 4 | Modern Literature, Social Issues, Environmental Concerns, Gender Studies, Cultural Diversity, Critical Perspectives |
| ENG2AC04 | English IV - Academic Writing & Presentation Skills | Common Course | 3 | Essay Writing, Report Writing, Research Skills, Referencing, Oral Presentation, Argumentation |
| MAL2AC02/HIN2AC02/ARA2AC02 | Additional Language II (Choose any one: Malayalam/Hindi/Arabic) | Common Course | 4 | Modern Prose, Modern Poetry, Grammar, Translation, Cultural Studies |
| CM2CRT02 | Financial Accounting I | Core Course | 4 | Accounting Principles, Journal, Ledger, Trial Balance, Final Accounts, Bank Reconciliation Statement, Depreciation Accounting, Rectification of Errors |
| CM2CMT02 | Marketing Management | Complementary Course | 3 | Marketing Concepts, Market Segmentation, Product Life Cycle, Pricing Strategies, Promotion Mix, Distribution Channels |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ENG3AC05 | English V - Discourses on Kerala Culture | Common Course | 4 | Kerala Literature, Art Forms of Kerala, Historical Contexts, Social Movements, Cultural Identity, Folk Traditions |
| MAL3AC03/HIN3AC03/ARA3AC03 | Additional Language III (Choose any one: Malayalam/Hindi/Arabic) | Common Course | 4 | Classical Literature, Modern Literary Trends, Literary Criticism, Travelogue, Biographical Writings |
| CM3CRT03 | Financial Accounting II | Core Course | 4 | Consignment Accounts, Joint Venture Accounts, Branch Accounts, Departmental Accounts, Hire Purchase System, Installment Payment System |
| CM3CRT04 | Business Management | Core Course | 4 | Management Functions, Planning & Organizing, Staffing & Directing, Controlling, Leadership Theories, Motivation |
| CM3CMT03 | Quantitative Techniques for Business | Complementary Course | 3 | Statistics for Business, Data Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ENG4AC06 | English VI - Language and Linguistics | Common Course | 4 | Nature of Language, Phonetics & Phonology, Morphology, Syntax, Semantics, Pragmatics |
| MAL4AC04/HIN4AC04/ARA4AC04 | Additional Language IV (Choose any one: Malayalam/Hindi/Arabic) | Common Course | 4 | Contemporary Literature, Literary Genres, Film Studies, Media Studies, Cultural Criticism |
| CM4CRT05 | Corporate Accounting I | Core Course | 4 | Share Capital Accounting, Debenture Accounting, Redemption of Shares/Debentures, Final Accounts of Companies, Bonus & Rights Issue, Goodwill Valuation |
| CM4CRT06 | Cost Accounting | Core Course | 4 | Cost Concepts & Classification, Cost Sheet Preparation, Material Costing, Labour Costing, Overhead Costing, Reconciliation of Cost & Financial Accounts |
| CM4CMT04 | Entrepreneurship Development and Business Ethics | Complementary Course | 3 | Entrepreneurship Concepts, Business Plan Formulation, Project Identification & Formulation, Ethics in Business, Corporate Social Responsibility, Environmental Ethics |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CM5CRT07 | Corporate Accounting II | Core Course | 4 | Amalgamation of Companies, Absorption & External Reconstruction, Liquidation of Companies, Consolidated Financial Statements, Valuation of Shares, Accounts of Banking Companies |
| CM5CRT08 | Income Tax Law and Practice | Core Course | 4 | Basic Concepts of Income Tax, Residential Status, Income from Salary, Income from House Property, Profits & Gains of Business/Profession, Capital Gains & Other Sources |
| CM5CRT09 | Auditing | Core Course | 4 | Auditing Concepts & Objectives, Types of Audit, Internal Control System, Vouching & Verification, Audit Report, Company Audit |
| CM5CRT10 | Financial Management | Core Course | 4 | Financial Goals, Capital Budgeting Decisions, Capital Structure Theories, Working Capital Management, Dividend Policy Decisions, Sources of Finance |
| CM5OCT01 | Open Course: E-Commerce and Online Marketing (Students choose one from available Open Courses) | Open Course | 3 | E-commerce Basics, Online Marketing Strategies, Digital Payment Systems, E-business Models, Cyber Laws & Security, Mobile Commerce |
| CM5OCT02 | Open Course: Investment Management (Students choose one from available Open Courses) | Open Course | 3 | Investment Avenues, Risk & Return Analysis, Security Valuation, Portfolio Management, Derivatives Market, Mutual Funds |
| CM5OCT03 | Open Course: Capital Market (Students choose one from available Open Courses) | Open Course | 3 | Primary Market Operations, Secondary Market Operations, Stock Exchanges, SEBI Regulations, Financial Instruments, Depositories & Custodians |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CM6CRT11 | Management Accounting | Core Course | 4 | Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control, Marginal Costing |
| CM6CRT12 | GST and Customs Duty | Core Course | 4 | GST Law & Principles, GST Registration & Returns, Input Tax Credit, Customs Act & Valuation, Types of Customs Duties, Export & Import Procedures |
| CM6CRT13 | Financial Market Operations | Core Course | 4 | Money Market Instruments, Capital Market Operations, Foreign Exchange Market, SEBI & RBI Functions, Regulatory Framework, Financial Derivatives |
| CM6CRT14 | Banking and Insurance | Core Course | 4 | Banking System in India, Commercial Banking, Reserve Bank of India, E-Banking & Digital Payments, Principles of Insurance, Types of Insurance & IRDA |
| CM6PRT01 | Project & Viva Voce | Project | 4 | Research Methodology, Data Collection & Analysis, Report Writing, Presentation Skills, Viva Voce Preparation, Ethical Research Practices |
| CM6E01.1 | Elective: Corporate Governance (Students choose one from available Elective Courses for Finance & Taxation) | Elective Course | 4 | Corporate Governance Principles, Stakeholder Theory, Board of Directors, Corporate Social Responsibility, Ethical Frameworks, Audit Committee |
| CM6E01.2 | Elective: International Finance (Students choose one from available Elective Courses for Finance & Taxation) | Elective Course | 4 | Balance of Payments, Foreign Exchange Markets, Exchange Rate Theories, International Capital Markets, International Banking, Currency Risk Management |
| CM6E01.3 | Elective: Security Analysis & Portfolio Management (Students choose one from available Elective Courses for Finance & Taxation) | Elective Course | 4 | Fundamental Analysis, Technical Analysis, Equity Valuation, Bond Valuation, Portfolio Theory, Asset Allocation |
