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B-COM in Honours Professional And Applied Accounting at The Oxford College of Arts
Bengaluru, Karnataka
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About the Specialization
What is Honours (Professional and Applied Accounting) at The Oxford College of Arts Bengaluru?
This Honours (Professional and Applied Accounting) program at The Oxford College of Arts focuses on developing a strong foundation in advanced accounting principles, taxation, auditing, and financial management. In the Indian context, this specialization is highly relevant due to the growing demand for skilled finance professionals, stringent regulatory environment, and rapid economic expansion. It differentiates itself by integrating professional accounting standards and practical applications essential for the modern Indian business landscape.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into accounting, finance, or taxation roles within Indian corporates, audit firms, or consulting agencies. It also suits working professionals looking to upskill in specialized areas like IFRS, GST, and advanced accounting. Career changers transitioning into the finance sector, particularly those with a keen interest in financial compliance and strategic accounting, will find this program beneficial due to its comprehensive curriculum and industry-oriented approach.
Why Choose This Course?
Graduates of this program can expect promising career paths in India as Chartered Accountants (after pursuing CA), Certified Management Accountants, Tax Consultants, Auditors, Financial Analysts, or Accountants in top Indian companies and MNCs. Entry-level salaries typically range from INR 3-6 LPA, growing significantly with experience. The program provides a solid base for professional certifications like ACCA, CPA, or ICWA, enhancing growth trajectories in the competitive Indian job market.
Student Success Practices
Foundation Stage
Strengthen Accounting and Quant Fundamentals- (Semester 1-2)
Dedicate consistent time to practice Financial Accounting and Quantitative Analysis problems daily. Understand the core concepts thoroughly as they form the bedrock for advanced subjects. Utilise study groups for collaborative problem-solving and concept clarification, focusing on Indian accounting standards.
Tools & Resources
Institute''''s library resources, YouTube tutorials (e.g., Accounts Explained, FinCade), Online practice platforms for basic accounting principles, Past question papers
Career Connection
A strong foundation ensures better performance in subsequent semesters, prepares for professional accounting exams like CA Foundation, and helps in early-stage interviews for finance roles in India.
Develop Professional Communication and Digital Fluency- (Semester 1-2)
Actively participate in classroom discussions and presentations to hone oral communication skills. Practice professional email writing and document creation. Master TallyPrime and other accounting software introduced, as digital literacy is crucial in modern Indian accounting practices.
Tools & Resources
Toastmasters (if available), Grammarly, Microsoft Office Suite, TallyPrime software practice tutorials
Career Connection
Effective communication and digital proficiency are non-negotiable skills for any professional role, particularly in client-facing or data-driven accounting positions within Indian companies.
Engage with Business News and Economic Trends- (Semester 1-2)
Regularly read financial newspapers like The Economic Times, Business Standard, and business magazines. Understand current economic policies, industry trends, and their impact on businesses in India. This broadens perspective beyond textbooks, aiding in understanding real-world scenarios.
Tools & Resources
The Economic Times app, Business Standard website, Financial news channels (e.g., CNBC-TV18), RBI bulletins
Career Connection
Provides context for theoretical knowledge, enhances general awareness for interviews, and aids in understanding the practical application of business economics and law in the Indian market.
Intermediate Stage
Deep Dive into Corporate Accounting and Taxation- (Semester 3-4)
Focus intensely on Corporate Accounting and Income Tax. Solve a variety of complex problems from different textbooks and past papers. Seek clarifications on intricate tax regulations and corporate financial structures specific to India''''s dynamic tax regime.
Tools & Resources
Taxmann publications, ICAI study material for conceptual clarity, Advanced accounting problem books, Online tax forums and updates from official websites
Career Connection
These are core subjects for roles in corporate finance, taxation, and auditing. Strong command here is critical for internships and entry-level positions in relevant firms across India.
Explore Industry Applications through Case Studies and Internships- (Semester 3-4)
Actively seek out and participate in case study competitions related to finance and management. Look for short-term internships or virtual projects (even unpaid) to gain practical exposure to the Indian financial system, banking operations, and business law implementation.
Tools & Resources
Harvard Business Review case studies, IIMBx online courses, College placement cell for internship leads, LinkedIn for networking with industry professionals
Career Connection
Practical experience makes résumés stand out, provides networking opportunities, and helps in understanding real-world challenges faced by Indian businesses, enhancing interview readiness.
Build a Professional Network and Soft Skills- (Semester 3-4)
Attend college seminars, workshops, and industry expert sessions. Connect with alumni and faculty members. Develop critical soft skills like teamwork, leadership, and problem-solving through group projects and extracurricular activities relevant to the Indian corporate environment.
Tools & Resources
LinkedIn, College alumni network events, Industry association webinars (e.g., FICCI, CII student chapters), Public speaking clubs
Career Connection
Networking opens doors to mentorship, internship leads, and job opportunities. Strong soft skills are highly valued by Indian employers for initial hiring and career progression.
Advanced Stage
Master Advanced Accounting Standards (IFRS, GST) and Auditing- (Semester 5-6)
Develop expertise in IFRS, GST, and advanced auditing techniques. Focus on their practical implementation and compliance requirements in the Indian context. Understand the implications of recent amendments in tax laws and accounting standards through continuous learning.
Tools & Resources
ICAI updates and pronouncements, Official GST portal (gst.gov.in), IFRS foundation website, Professional accounting journals and newsletters
Career Connection
Expertise in IFRS and GST is highly sought after by Indian companies for statutory compliance and international reporting. This knowledge is crucial for roles in tax advisory, audit, and financial reporting.
Undertake a Comprehensive Project/Internship for Industry Readiness- (Semester 5-6)
Secure a substantive internship (3-6 months) or complete a rigorous research project. Apply theoretical knowledge to real-world scenarios, focusing on data analysis, financial modeling, or compliance auditing for an Indian company. Document findings meticulously for portfolio building.
Tools & Resources
Company annual reports, Financial databases (e.g., Capitaline, Ace Equity), Advanced Excel, Statistical software (if applicable), Mentorship from industry professionals
Career Connection
A well-executed project or internship provides invaluable experience, strengthens the résumé, and often leads to pre-placement offers or strong recommendations from Indian recruiters, boosting employability.
Prepare for Placements and Professional Certifications- (Semester 5-6)
Begin intensive preparation for campus placements, focusing on aptitude tests, group discussions, and personal interviews. Simultaneously, explore and prepare for professional certifications like ACCA, CMA, or CA foundation/intermediate exams to gain a competitive edge in the Indian job market.
Tools & Resources
Online aptitude platforms (e.g., indiabix, PrepInsta), Interview preparation guides, Professional body websites for exam details and study material, Alumni mentorship programs
Career Connection
Strategic placement preparation and pursuing professional certifications directly enhance employability and open doors to higher-paying and specialized roles in India''''s dynamic finance sector, ensuring a strong career start.
Program Structure and Curriculum
Eligibility:
- Passed two-year Pre-University Examinations of Karnataka State or any other examination recognised as equivalent thereto.
Duration: 3 years (6 semesters)
Credits: 152 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC 1.1 | Kannada/Sanskrit/Hindi/Urdu/Telugu/Tamil/Malayalam/Marathi/Additional English | Ability Enhancement Compulsory Course (Language) | 2 | Grammar Fundamentals, Comprehension & Composition, Prose & Poetry Analysis, Literary History/Culture, Communication Skills |
| AECC 1.2 | English | Ability Enhancement Compulsory Course (Language) | 2 | Functional English, Communication Skills, Grammar & Usage, Reading & Writing Skills, Public Speaking |
| AECC 1.3 | Indian Constitution | Ability Enhancement Compulsory Course (Foundation) | 3 | Framing of Indian Constitution, Fundamental Rights & Duties, Directive Principles of State Policy, Union & State Governments, Judiciary in India |
| AECC 1.4 | Digital Fluency | Ability Enhancement Compulsory Course (Foundation) | 3 | Introduction to Computers, Internet & Web Technologies, MS Office Applications, Digital Security & Privacy, Social Media & Digital Tools |
| C 101 | Financial Accounting I | Discipline Specific Core (DSC) | 4 | Introduction to Accounting, Accounting Principles & Standards, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship, Final Accounts of Not-for-Profit Organisations |
| C 102 | Business Organisation and Management | Discipline Specific Core (DSC) | 4 | Nature of Business, Forms of Business Organization, Concepts of Management, Functions of Management: Planning & Organizing, Functions of Management: Staffing, Directing & Controlling |
| C 103 | Business Economics | Discipline Specific Core (DSC) | 4 | Introduction to Business Economics, Demand and Supply Analysis, Production Analysis, Cost and Revenue Analysis, Market Structure & Pricing Practices |
| C 104 | Quantitative Analysis for Business Decisions I | Discipline Specific Core (DSC) | 4 | Introduction to Quantitative Techniques, Linear Programming, Transportation Problem, Assignment Problem, Decision Theory |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC 2.1 | Kannada/Sanskrit/Hindi/Urdu/Telugu/Tamil/Malayalam/Marathi/Additional English | Ability Enhancement Compulsory Course (Language) | 2 | Grammar Fundamentals, Comprehension & Composition, Prose & Poetry Analysis, Literary History/Culture, Communication Skills |
| AECC 2.2 | English | Ability Enhancement Compulsory Course (Language) | 2 | Advanced Functional English, Business Communication, Report Writing, Presentation Skills, Grammar & Vocabulary |
| AECC 2.3 | Environmental Studies | Ability Enhancement Compulsory Course (Foundation) | 3 | Multidisciplinary Nature of Environmental Studies, Ecosystems & Biodiversity, Environmental Pollution, Social Issues and the Environment, Human Population and Environment |
| Vocational 2.1 | Computerized Accounting - Tally | Vocational Course | 3 | Basics of TallyPrime, Creating Accounting Masters, Creating Inventory Masters, Voucher Entry in Tally, Generating Financial Reports |
| C 201 | Financial Accounting II | Discipline Specific Core (DSC) | 4 | Consignment Accounts, Joint Venture Accounts, Royalty Accounts, Hire Purchase & Installment System, Branch Accounts |
| C 202 | Business Law | Discipline Specific Core (DSC) | 4 | Introduction to Business Law, Indian Contract Act, 1872, Sale of Goods Act, 1930, Consumer Protection Act, 2019, Intellectual Property Rights & IT Act |
| C 203 | Marketing Management | Discipline Specific Core (DSC) | 4 | Introduction to Marketing, Marketing Mix, Product Decisions, Pricing & Promotion Decisions, Distribution Decisions |
| C 204 | Quantitative Analysis for Business Decisions II | Discipline Specific Core (DSC) | 4 | Probability & Probability Distributions, Sampling & Sampling Distributions, Hypothesis Testing, Correlation Analysis, Regression Analysis |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC 3.1 | Kannada/Sanskrit/Hindi/Urdu/Telugu/Tamil/Malayalam/Marathi/Additional English | Ability Enhancement Compulsory Course (Language) | 2 | Advanced Grammar, Literary Appreciation, Creative Writing, Translation Skills, Cultural Context |
| AECC 3.2 | English | Ability Enhancement Compulsory Course (Language) | 2 | Professional Writing, Presentation & Public Speaking, Interpersonal Communication, Critical Reading, Debate & Discussion |
| SEC 3.1 | Professional Business Communication | Skill Enhancement Course | 3 | Principles of Effective Communication, Oral Communication & Presentations, Written Communication (Reports, Emails), Non-verbal Communication, Digital & Cross-Cultural Communication |
| C 301 | Corporate Accounting I | Discipline Specific Core (DSC) | 4 | Issue of Shares, Forfeiture & Reissue of Shares, Issue & Redemption of Debentures, Underwriting of Shares & Debentures, Final Accounts of Companies |
| C 302 | Income Tax I | Discipline Specific Core (DSC) | 4 | Basic Concepts of Income Tax, Residential Status & Tax Incidence, Exempted Incomes, Income from Salaries, Income from House Property |
| C 303 | Indian Financial System | Discipline Specific Core (DSC) | 4 | Introduction to Financial System, Financial Markets (Money Market), Capital Market (Primary & Secondary), Financial Institutions (Banks, NBFCs), Financial Services |
| C 304 | Auditing and Corporate Governance | Discipline Specific Core (DSC) | 4 | Introduction to Auditing, Audit Planning & Procedure, Internal Control & Vouching, Verification & Valuation of Assets & Liabilities, Company Audit & Corporate Governance |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC 4.1 | Kannada/Sanskrit/Hindi/Urdu/Telugu/Tamil/Malayalam/Marathi/Additional English | Ability Enhancement Compulsory Course (Language) | 2 | Advanced Communication, Debate & Discussion, Critical Analysis of Texts, Project Work in Language, Cultural Understanding |
| AECC 4.2 | English | Ability Enhancement Compulsory Course (Language) | 2 | Advanced Communication Strategies, Negotiation Skills, Technical Writing, Cross-Cultural Communication, Interview Preparation |
| SEC 4.1 | Entrepreneurship Development | Skill Enhancement Course | 3 | Concept of Entrepreneurship, Entrepreneurial Environment, Creativity & Innovation, Project Formulation & Business Plan, Institutional Support to Entrepreneurs |
| C 401 | Corporate Accounting II | Discipline Specific Core (DSC) | 4 | Valuation of Goodwill & Shares, Amalgamation of Companies, Internal Reconstruction, Accounting for Liquidation, Consolidated Financial Statements Introduction |
| C 402 | Income Tax II | Discipline Specific Core (DSC) | 4 | Profits & Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income & Set Off and Carry Forward of Losses, Deductions from Gross Total Income |
| C 403 | Banking and Insurance | Discipline Specific Core (DSC) | 4 | Commercial Banks & Central Bank (RBI), Recent Trends in Banking (Digital Banking), Introduction to Insurance, Life Insurance, General Insurance |
| C 404 | Cost Accounting | Discipline Specific Core (DSC) | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Activity Based Costing, Process, Job & Batch Costing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| OE 5.1 | Open Elective (e.g., Consumer Behaviour, Business Ethics, Indian Economy) | Open Elective | 3 | Concepts of chosen Elective, Key Theories/Models, Applications in Business, Impact & Analysis, Current Trends |
| C 501 | Management Accounting | Discipline Specific Core (DSC) | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control & Standard Costing |
| C 502 | Goods and Services Tax (GST) | Discipline Specific Core (DSC) | 4 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration and Returns under GST |
| C 503 | International Financial Reporting Standards (IFRS) | Discipline Specific Core (DSC) | 4 | Introduction to IFRS, IFRS Framework & Adoption in India, Presentation of Financial Statements (IAS 1), Inventories (IAS 2), Property, Plant and Equipment (IAS 16) & Revenue (IFRS 15) |
| C 504 | Advanced Corporate Accounting | Discipline Specific Core (DSC) | 4 | Consolidation of Financial Statements, Accounting for Banking Companies, Accounting for Insurance Companies, Accounting for Public Utility Concerns, Accounting for Non-Banking Financial Companies (NBFCs) |
| DSE 5.1 | Discipline Specific Elective (e.g., Strategic Financial Management, Investment Management, Services Marketing) | Discipline Specific Elective (DSE) | 4 | Core Concepts of DSE, Theoretical Frameworks, Practical Applications & Case Studies, Industry Trends, Regulatory Environment |
| Project Work / Internship | Project Work / Internship | Project / Practical | 4 | Project Identification & Research Design, Literature Review, Data Collection & Analysis, Report Writing & Documentation, Presentation & Viva-Voce |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| OE 6.1 | Open Elective (e.g., Human Resource Management, Principles of Banking & Insurance, Stock & Commodity Markets) | Open Elective | 3 | Concepts of chosen Elective, Key Theories/Models, Applications in Business, Impact & Analysis, Current Trends |
| C 601 | Advanced Management Accounting | Discipline Specific Core (DSC) | 4 | Marginal Costing & Cost-Volume-Profit Analysis, Relevant Costing for Decision Making, Transfer Pricing, Performance Measurement & Divisional Control, Strategic Management Accounting |
| C 602 | Indirect Tax & Customs Law | Discipline Specific Core (DSC) | 4 | Introduction to Indirect Taxes, Customs Law: Basic Concepts, Customs Tariff & Valuation under Customs, Duty Drawback & Exemptions, Export and Import Procedures |
| C 603 | Capital Market Operations and Risk Management | Discipline Specific Core (DSC) | 4 | Introduction to Capital Market, Primary Market & Secondary Market Operations, Stock Exchanges & SEBI Regulations, Risk Management Techniques, Derivatives Market (Futures & Options) |
| C 604 | Ethics and Corporate Social Responsibility | Discipline Specific Core (DSC) | 4 | Introduction to Business Ethics, Ethical Theories & Decision Making, Corporate Governance Principles, Corporate Social Responsibility (CSR) in India, Sustainability Reporting & Whistle-Blowing |
| DSE 6.1 | Discipline Specific Elective (e.g., Financial Derivatives, International Banking & Finance, Retail Management) | Discipline Specific Elective (DSE) | 4 | Core Concepts of DSE, Theoretical Frameworks, Practical Applications & Case Studies, Industry Trends, Regulatory Environment |
| Viva-Voce | Viva-Voce (Comprehensive) | Practical | 4 | Overall Understanding of B.Com (Professional & Applied Accounting), Subject Knowledge Across Disciplines, Analytical & Problem-Solving Skills, Communication & Presentation Abilities, Current Affairs in Finance & Accounting |
