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B-COM-HONOURS in Accountancy at The Graduate School College for Women, Jamshedpur
East Singhbhum, Jharkhand
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About the Specialization
What is Accountancy at The Graduate School College for Women, Jamshedpur East Singhbhum?
This B.Com (Honours) program with an Accountancy specialization at The Graduate School College for Women, Jamshedpur, affiliated with Kolhan University, offers a rigorous curriculum designed to impart comprehensive knowledge in financial management, taxation, auditing, and corporate governance. Rooted in the Choice Based Credit System (CBCS), it equips students with essential analytical and problem-solving skills crucial for the dynamic Indian business landscape. The program emphasizes ethical accounting practices and a deep understanding of financial regulations, preparing graduates for key roles in the growing Indian economy.
Who Should Apply?
This program is ideal for ambitious 10+2 Commerce graduates with a strong aptitude for numbers and an interest in financial management and corporate operations. It caters to individuals aspiring for a career in accounting, auditing, taxation, or finance sectors within India. Students seeking to pursue professional certifications like Chartered Accountancy (CA), Company Secretary (CS), or Cost and Management Accountancy (CMA) will find the foundational knowledge invaluable. It also suits those looking for roles in business analysis or entrepreneurship, providing a solid understanding of financial principles.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as Junior Accountants, Tax Consultants, Auditors, Financial Analysts, or even entrepreneurial ventures. Entry-level salaries for B.Com (Hons) graduates in India typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential upon gaining experience and acquiring professional certifications. The curriculum aligns with the requirements of various professional accounting bodies, offering a strong launchpad for further studies and specialized careers in Indian corporations, public sector undertakings, and multinational companies.
Student Success Practices
Foundation Stage
Master Core Financial Concepts- (Semester 1-2)
Focus on building a strong foundation in Financial Accounting and Business Laws. Regularly solve numerical problems, understand accounting standards, and participate in peer study groups to clarify doubts and reinforce learning.
Tools & Resources
Textbooks, ICAI study materials (for foundational concepts), Peer study circles
Career Connection
A solid grasp of basics is crucial for advanced accounting topics and forms the bedrock for pursuing professional examinations like CA Foundation.
Develop Fundamental Communication Skills- (Semester 1-2)
Actively participate in English Communication classes, practice public speaking, and work on written communication through essays and reports. Focus on building professional etiquette for future workplace interactions.
Tools & Resources
Communication skill workshops, College debating/Toastmasters-style clubs, Online resources for business communication
Career Connection
Effective communication is vital for client interaction, team collaboration, and presenting financial reports in any business or accounting role.
Early Exposure to Environmental and Economic Context- (Semester 1-2)
Understand the basic principles of environmental studies and microeconomics. Connect classroom learning to real-world scenarios and current events to grasp broader business implications.
Tools & Resources
News articles (e.g., The Economic Times, Business Standard), Economic journals, Documentaries on Indian business and environmental issues
Career Connection
Provides a holistic view of the business environment, crucial for informed decision-making in corporate roles and understanding regulatory frameworks impacting businesses.
Intermediate Stage
Gain Proficiency in Accounting Software (Tally)- (Semester 3-4)
Actively learn and practice using accounting software like Tally.ERP 9 (or its latest version) through dedicated computer application courses and self-study. Focus on practical data entry, report generation, and GST features.
Tools & Resources
Tally software, Online Tally tutorials (YouTube, Tally Academy), College computer labs, Certificate courses in Tally
Career Connection
Hands-on experience with Tally is a highly sought-after skill for entry-level accounting positions in India, enabling immediate productivity in most SMEs and businesses.
Explore Taxation and Corporate Law Applications- (Semester 3-5)
Deep dive into Income Tax and Corporate Laws. Follow current amendments, study case laws, and understand their practical implications for businesses. Participate in mock tax filing exercises.
Tools & Resources
Income Tax Department website, Ministry of Corporate Affairs website, Tax journals, Mock tax filing software/platforms
Career Connection
Essential for roles in taxation, compliance, and legal departments of companies, and for pursuing a career in tax consultancy or chartered accountancy.
Network and Seek Industry Insights- (Semester 4-5)
Attend webinars, seminars, and guest lectures by professionals from finance and accounting sectors. Connect with alumni and industry experts on platforms like LinkedIn to understand career trajectories and industry needs.
Tools & Resources
LinkedIn, College alumni network, Industry events (e.g., those hosted by ICAI/ICMAI local chapters)
Career Connection
Builds professional connections, provides insights into industry trends, and can lead to valuable internship and placement opportunities.
Advanced Stage
Undertake Specialised Project Work/Internship- (Semester 6)
Identify and complete an internship or a project related to advanced accounting, auditing, or tax planning. Apply theoretical knowledge to real-world business problems and gain practical exposure.
Tools & Resources
College placement cell, Internship portals (Internshala, Naukri.com), Industry contacts, Faculty guidance for research projects
Career Connection
Provides practical experience, enhances resume, and offers a chance to explore potential career paths and secure pre-placement offers in relevant firms.
Master Advanced Accounting and Financial Reporting- (Semester 5-6)
Focus intensively on Corporate Accounting, Cost Accounting, Management Accounting, and Financial Reporting. Understand Indian Accounting Standards (Ind AS) and their practical application through case studies.
Tools & Resources
Advanced accounting textbooks, Ind AS official documents, Financial statements of Indian companies for analysis, Professional body materials
Career Connection
Crucial for roles requiring complex financial analysis, reporting, and strategic decision-making in large corporations, auditing firms, and financial institutions.
Prepare for Placements and Professional Exams- (Semester 6)
Actively participate in campus placement drives, practice aptitude tests, group discussions, and mock interviews. Simultaneously, begin structured preparation for professional exams like CA Final, CS Executive, or CMA Inter.
Tools & Resources
Placement training modules, Interview preparation guides, Online test platforms (e.g., TalentSprint), Coaching institutes for professional exams
Career Connection
Direct path to securing desired job roles immediately after graduation and advancing professional career goals through industry-recognized certifications.
Program Structure and Curriculum
Eligibility:
- Intermediate (10+2) Pass in Commerce/Arts/Science with minimum 45% marks
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 2 | Multidisciplinary nature of environmental studies, Natural resources and associated problems, Ecosystems and biodiversity, Environmental pollution, Social issues and the environment |
| CC-1 | Financial Accounting I | Core Course | 6 | Theoretical framework of accounting, Accounting process, Business income measurement, Final accounts of sole proprietorship, Accounting for non-profit organizations |
| CC-2 | Business Laws | Core Course | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Limited Liability Partnership Act, 2008, Information Technology Act, 2000, Consumer Protection Act, 1986 |
| GE-1 | Principles of Micro Economics | Generic Elective | 6 | Introduction to Economics, Demand and Supply Analysis, Theory of Consumer Behaviour, Theory of Production and Cost, Market Structures |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | English Communication | Ability Enhancement Compulsory Course | 2 | Theory of Communication, Listening and Speaking Skills, Reading Skills, Writing Skills, Soft Skills |
| CC-3 | Financial Accounting II | Core Course | 6 | Accounting for Partnership Firms, Branch Accounting, Departmental Accounting, Hire Purchase and Installment Systems, Insolvency Accounts |
| CC-4 | Corporate Laws | Core Course | 6 | Introduction to Company Law, Company Formation and Documentation, Share Capital and Debentures, Management and Administration, Dividends, Accounts, and Audit |
| GE-2 | Indian Economy | Generic Elective | 6 | Basic Characteristics of Indian Economy, Sectoral Performance and Issues, Economic Reforms in India, Poverty, Unemployment, and Inequality, Foreign Trade and Investment Policy |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-5 | Corporate Accounting I | Core Course | 6 | Accounting for Share Capital, Accounting for Debentures, Buyback of Shares, Financial Statements of Companies, Cash Flow Statement |
| CC-6 | Income Tax Law & Practice | Core Course | 6 | Basic Concepts of Income Tax, Heads of Income (Salary, House Property), Profits & Gains of Business or Profession, Capital Gains & Other Sources, Computation of Total Income and Tax |
| CC-7 | Human Resource Management | Core Course | 6 | Introduction to HRM, HR Planning and Recruitment, Training and Development, Performance Appraisal, Compensation Management |
| SEC-1 | Computer Applications in Business | Skill Enhancement Course | 2 | Word Processing, Spreadsheet for Business, Presentation Tools, Database Management, Introduction to Accounting Software |
| GE-3 | Macro Economics | Generic Elective | 6 | Introduction to Macroeconomics, National Income Accounting, Money and Banking, Inflation and Unemployment, Business Cycles and Economic Policies |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-8 | Corporate Accounting II | Core Course | 6 | Amalgamation, Absorption, and Reconstruction, Valuation of Goodwill and Shares, Consolidated Financial Statements, Accounting for Banking Companies, Accounting for Insurance Companies |
| CC-9 | Cost Accounting | Core Course | 6 | Introduction to Cost Accounting, Cost Ascertainment (Material, Labour, Overheads), Methods of Costing (Job, Batch, Contract), Process Costing, Operating Costing |
| CC-10 | Auditing and Corporate Governance | Core Course | 6 | Fundamentals of Auditing, Audit Planning and Documentation, Internal Control System, Vouching and Verification, Introduction to Corporate Governance |
| SEC-2 | E-Commerce | Skill Enhancement Course | 2 | Introduction to E-Commerce, E-Payment Systems, E-Security, E-Business Models, E-Marketing |
| GE-4 | Principles of Marketing | Generic Elective | 6 | Introduction to Marketing, Market Segmentation, Targeting, Positioning, Product Decisions, Pricing Decisions, Promotion and Distribution Decisions |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | Business Mathematics and Statistics | Core Course | 6 | Matrices and Determinants, Calculus for Business, Measures of Central Tendency and Dispersion, Correlation and Regression, Index Numbers |
| CC-12 | Fundamentals of Financial Management | Core Course | 6 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Working Capital Management |
| DSE-1 | Accounting for Business Decisions | Discipline Specific Elective | 6 | Role of Accounting in Decision Making, Financial Statement Analysis, Ratio Analysis, Fund Flow and Cash Flow Analysis, Budgeting and Performance Measurement |
| DSE-2 | Management Accounting | Discipline Specific Elective | 6 | Nature and Scope of Management Accounting, Marginal Costing and Break-Even Analysis, Standard Costing and Variance Analysis, Budgetary Control, Responsibility Accounting |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | Principles of Management | Core Course | 6 | Introduction to Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Motivation and Leadership |
| CC-14 | GST and Customs Law | Core Course | 6 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, Time and Value of Supply, Introduction to Customs Law |
| DSE-3 | Corporate Tax Planning | Discipline Specific Elective | 6 | Concepts of Tax Planning, Tax Planning for New Business, Tax Planning for Managerial Decisions, Tax Planning for Amalgamation/Demerger, Tax Avoidance vs Tax Evasion |
| DSE-4 | Financial Reporting | Discipline Specific Elective | 6 | Theoretical Framework of Financial Reporting, Indian Accounting Standards (Ind AS), Accounting for Specific Transactions, Consolidated Financial Statements as per Ind AS, Emerging Issues in Financial Reporting |
