.png&w=1920&q=75)
B-COM in Costing Taxation at Vidya Rashmi First Grade College
Dakshina Kannada, Karnataka
.png&w=1920&q=75)
About the Specialization
What is Costing & Taxation at Vidya Rashmi First Grade College Dakshina Kannada?
This Costing & Taxation program at Vidyarashmi First Grade College, affiliated with Mangalore University, focuses on equipping students with expertise in managing costs and understanding complex tax laws. It integrates robust principles of cost accounting, management accounting, and both direct and indirect taxation, making it highly relevant to the evolving Indian financial landscape. The curriculum is designed to meet the growing demand for skilled professionals in these critical financial domains across various industries.
Who Should Apply?
This program is ideal for aspiring finance professionals, B.Com graduates seeking specialized knowledge in financial compliance and cost control, and individuals aiming for careers in accounting firms, corporate finance departments, or entrepreneurship. It also caters to those preparing for professional certifications like CA, CMA, or CS, providing a strong academic foundation. A foundational understanding of commerce and mathematics is beneficial for optimal learning.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths, including Tax Consultant, Cost Accountant, Financial Analyst, Auditor, and Compliance Officer. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with experienced professionals earning significantly more. The program prepares students for roles in both public and private sectors, offering strong growth trajectories in Indian companies and alignment with professional certifications.
Student Success Practices
Foundation Stage
Master Core Accounting & Management Principles- (Semester 1-2)
Dedicate time to thoroughly understand fundamental concepts in Financial Accounting, Business Management, and the Indian Financial System. Form study groups to discuss complex topics and solve problems collaboratively. Focus on building strong basics as they are the bedrock for advanced subjects.
Tools & Resources
Textbooks prescribed by Mangalore University, Online tutorials like Khan Academy, NPTEL for conceptual clarity, Peer study groups
Career Connection
A strong foundation ensures academic excellence in later semesters and provides the conceptual clarity essential for entry-level roles in accounting and business operations.
Enhance Quantitative and Digital Fluency- (Semester 1-2)
Regularly practice quantitative analysis problems to strengthen problem-solving skills, which are crucial for cost accounting and taxation. Simultaneously, actively utilize digital tools introduced in subjects like Digital Fluency to enhance productivity and prepare for tech-driven work environments.
Tools & Resources
Practice workbooks for Quantitative Analysis, Microsoft Excel for data handling, Online courses for Digital Fluency (e.g., Google Digital Garage)
Career Connection
Proficiency in quantitative analysis is vital for financial roles, while digital fluency is a universal skill employers seek in the modern Indian workforce.
Develop Effective Communication and Language Skills- (Semester 1-2)
Actively participate in English and Indian Language classes to refine written and verbal communication. Engage in debates, presentations, and essay writing to build confidence and clarity. These skills are critical for professional interactions and report writing.
Tools & Resources
Grammar books, vocabulary apps, Public speaking clubs/groups, Online news portals and articles for reading comprehension
Career Connection
Strong communication skills are indispensable for clear client interactions, professional reporting, and successful interviews in any Indian corporate setting.
Intermediate Stage
Deep Dive into Corporate Finance and Taxation Basics- (Semester 3-4)
Focus on Corporate Accounting, Business Law, and Income Tax Law & Practice. Solve case studies and practical problems related to company accounts and income tax computations. Attend workshops or webinars on recent amendments in Indian tax laws.
Tools & Resources
Income Tax Act bare act (online), Corporate Accounting problem books, Webinars by ICAI/ICMAI on latest amendments
Career Connection
This stage builds the core expertise required for tax consulting, corporate accounting, and financial compliance roles, highly demanded in Indian businesses.
Gain Exposure to E-Commerce and Business Ethics- (Semester 3-4)
Explore the practical aspects of E-Commerce, understanding various online business models and payment gateways prevalent in India. Simultaneously, cultivate a strong understanding of business ethics and corporate governance from Business Law and Auditing courses, crucial for integrity in the finance industry.
Tools & Resources
Study reports on Indian e-commerce trends (e.g., from NASSCOM), Case studies on corporate ethics, Guest lectures by industry professionals
Career Connection
Understanding e-commerce is essential for digital-first Indian companies, while ethical conduct is paramount for long-term career success in finance and auditing.
Undertake Mini-Projects or Internships- (Semester 3-4)
Seek opportunities for short internships or practical mini-projects related to accounting, auditing, or tax filing. This hands-on experience in Indian businesses helps bridge the gap between theoretical knowledge and real-world application, offering valuable insights.
Tools & Resources
College career services for local placements, Online platforms for virtual internships (e.g., Internshala), Local accounting firms
Career Connection
Practical experience through internships significantly boosts employability and provides networking opportunities within the Indian finance industry, often leading to pre-placement offers.
Advanced Stage
Specialize in Costing and Taxation Applications- (Semester 5-6)
Concentrate on Cost Accounting, Management Accounting, GST, Advanced Cost Accounting, Strategic Cost Management, and Direct Tax Planning. Aim for in-depth understanding of practical application, problem-solving, and strategic implications for Indian businesses. Participate in mock tax filing and cost analysis exercises.
Tools & Resources
Professional body study materials (ICMAI for Costing, ICAI for Taxation), Tax software simulations (e.g., ClearTax), Industry case studies
Career Connection
Deep specialization ensures readiness for senior roles in cost management, tax advisory, and financial strategy, which are highly sought after by Indian manufacturing and service sectors.
Undertake a Comprehensive Project Work- (Semester 6)
Execute a final-year project focused on a real-world costing or taxation challenge faced by an Indian enterprise. This involves primary research, data analysis, and presenting actionable solutions. This demonstrates independent research capabilities and problem-solving skills.
Tools & Resources
Research databases (J-Gate, Shodhganga), Statistical software (e.g., SPSS, R for analysis), Mentorship from faculty or industry experts
Career Connection
A strong project showcases practical expertise, critical thinking, and research acumen, enhancing prospects for placements in consultancies, corporates, and further academic pursuits.
Intensive Placement and Professional Exam Preparation- (Semester 5-6)
Begin rigorous preparation for campus placements, focusing on resume building, aptitude tests, group discussions, and mock interviews. Simultaneously, plan and begin preparation for relevant professional certifications like CMA (India/USA) or advanced modules of CA/CS, aligning with career aspirations.
Tools & Resources
Placement cell resources, mock interview platforms, Aptitude test preparation books/apps, Study materials for CMA/CA/CS exams
Career Connection
Dedicated preparation significantly increases the likelihood of securing desirable placements in top Indian companies and fast-tracks career progression in specialized financial domains.
Program Structure and Curriculum
Eligibility:
- Passed Pre-University Examination of Karnataka State or an equivalent examination, as prescribed by Mangalore University.
Duration: 6 Semesters (3 years)
Credits: 138 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCM 1.1 | Financial Accounting I | Discipline Specific Core (DSC) | 4 | Introduction to Accounting, Accounting Process and Principles, Final Accounts of Sole Proprietor, Consignment Accounts, Joint Venture Accounts |
| BCM 1.2 | Business Management | Discipline Specific Core (DSC) | 4 | Nature and Significance of Management, Planning and Decision Making, Organizing and Staffing, Directing and Motivation, Controlling and Coordination |
| BCM 1.3 | Indian Financial System | Discipline Specific Core (DSC) | 4 | Overview of Financial System, Financial Markets (Money & Capital), Financial Institutions, Financial Instruments, Regulatory Bodies (RBI, SEBI) |
| AECC 1.1 | Indian Language (e.g., Kannada) | Ability Enhancement Compulsory Course (AECC) | 3 | Language Comprehension, Grammar and Usage, Literary Texts, Written Communication, Cultural Context |
| AECC 1.2 | English | Ability Enhancement Compulsory Course (AECC) | 3 | Communication Skills, Grammar and Vocabulary, Reading Comprehension, Report Writing, Presentation Skills |
| VAC 1.1 | Environmental Studies | Value Added Course (VAC) | 2 | Ecology and Ecosystems, Biodiversity and Conservation, Environmental Pollution, Sustainable Development, Environmental Legislation |
| SDC 1.1 | Digital Fluency | Skill Development Course (SDC) | 2 | Basics of Computer Systems, Internet and Web Technologies, Digital Tools for Productivity, Cyber Hygiene and Security, Digital Ethics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCM 2.1 | Financial Accounting II | Discipline Specific Core (DSC) | 4 | Partnership Accounts Introduction, Admission of a Partner, Retirement and Death of a Partner, Dissolution of Partnership Firm, Piece Meal Distribution of Cash |
| BCM 2.2 | Marketing Management | Discipline Specific Core (DSC) | 4 | Introduction to Marketing, Marketing Environment, Consumer Behavior, Product and Pricing Decisions, Promotion and Distribution Channels |
| BCM 2.3 | Quantitative Analysis for Business Decisions I | Discipline Specific Core (DSC) | 4 | Matrices and Determinants, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis |
| AECC 2.1 | Indian Language (e.g., Kannada) | Ability Enhancement Compulsory Course (AECC) | 3 | Advanced Language Skills, Grammatical Structures, Literary Appreciation, Oral Communication, Translation Practice |
| AECC 2.2 | English | Ability Enhancement Compulsory Course (AECC) | 3 | Advanced English Usage, Critical Reading, Essay Writing, Public Speaking, Professional Correspondence |
| VAC 2.1 | Constitution of India | Value Added Course (VAC) | 2 | Preamble and Basic Features, Fundamental Rights and Duties, Directive Principles of State Policy, Union and State Government, Constitutional Amendments |
| SDC 2.1 | Health & Wellness / Yoga / Sports (Choose One) | Skill Development Course (SDC) | 2 | Physical Fitness, Mental Well-being, Nutritional Concepts, Stress Management, Yoga Practices |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCM 3.1 | Corporate Accounting I | Discipline Specific Core (DSC) | 4 | Introduction to Company Accounts, Issue of Shares and Debentures, Forfeiture and Reissue of Shares, Redemption of Debentures, Underwriting of Shares |
| BCM 3.2 | Business Law | Discipline Specific Core (DSC) | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Consumer Protection Act 2019, Negotiable Instruments Act 1881, Limited Liability Partnership Act 2008 |
| BCM 3.3 | E-Commerce | Discipline Specific Core (DSC) | 4 | Introduction to E-commerce, E-commerce Business Models, E-Payment Systems, E-Security and Privacy, Digital Marketing Fundamentals |
| AECC 3.1 | Indian Language (e.g., Kannada) | Ability Enhancement Compulsory Course (AECC) | 3 | Literary Genres, Creative Writing, Public Discourse, Regional Literature, Applied Grammar |
| AECC 3.2 | English | Ability Enhancement Compulsory Course (AECC) | 3 | Business Communication, Technical Writing, Meeting Etiquette, Interview Skills, Presentation Techniques |
| VAC 3.1 | Artificial Intelligence / Data Science (Choose One) | Value Added Course (VAC) | 2 | Introduction to AI, Machine Learning Basics, Data Analysis Tools, Data Visualization, Ethical AI |
| SDC 3.1 | Entrepreneurship Development | Skill Development Course (SDC) | 2 | Concept of Entrepreneurship, Business Plan Formulation, Sources of Finance, Marketing for Startups, Government Support for SMEs |
| OE 3.1 | Open Elective - I | Open Elective (OE) | 3 | Interdisciplinary Studies, Skill Enhancement, Knowledge Broadening, Personal Interest, Emerging Trends |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCM 4.1 | Corporate Accounting II | Discipline Specific Core (DSC) | 4 | Valuation of Goodwill, Valuation of Shares, Amalgamation of Companies, Absorption and External Reconstruction, Internal Reconstruction |
| BCM 4.2 | Income Tax Law & Practice | Discipline Specific Core (DSC) | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income (Salary, House Property), Profits and Gains of Business/Profession, Capital Gains and Other Sources |
| BCM 4.3 | Auditing | Discipline Specific Core (DSC) | 4 | Introduction to Auditing, Types of Audit, Audit Planning and Documentation, Internal Control System, Audit Report and Certificates |
| AECC 4.1 | Indian Language (e.g., Kannada) | Ability Enhancement Compulsory Course (AECC) | 3 | Advanced Literary Studies, Critical Analysis, Intercultural Communication, Researching Regional Culture, Advanced Composition |
| AECC 4.2 | English | Ability Enhancement Compulsory Course (AECC) | 3 | Advanced Academic Writing, Analytical Skills, Debate and Discussion, Global English, Soft Skills for Workplace |
| VAC 4.1 | Cyber Security / Other (Choose One) | Value Added Course (VAC) | 2 | Basics of Cyber Security, Network Security, Data Privacy, Cyber Threats and Attacks, Safe Online Practices |
| SDC 4.1 | Internship / Innovation & Entrepreneurship (Choose One) | Skill Development Course (SDC) | 2 | Workplace Exposure, Industry Practices, Skill Application, Networking, Professional Development |
| OE 4.1 | Open Elective - II | Open Elective (OE) | 3 | Interdisciplinary Perspective, Skill Diversification, Holistic Development, Contemporary Issues, Cross-functional Knowledge |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCM 5.1 | Cost Accounting | Discipline Specific Core (DSC) | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Operating Costing |
| BCM 5.2 | Management Accounting | Discipline Specific Core (DSC) | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement |
| BCM 5.3 D (CA) | Advanced Cost Accounting | Discipline Specific Elective (DSE) - Costing | 4 | Process Costing, Joint and By-products Costing, Contract Costing, Reconciliation of Cost and Financial Accounts, Uniform Costing and Inter-firm Comparison |
| BCM 5.4 D (TX) | Goods and Services Tax (GST) | Discipline Specific Elective (DSE) - Taxation | 4 | Introduction to GST Law, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, GST Registration and Returns |
| OE 5.1 | Open Elective - III | Open Elective (OE) | 3 | Multidisciplinary Learning, Skill Enhancement, Social Sciences, Humanities, Practical Applications |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCM 6.1 | Research Methodology for Commerce | Discipline Specific Core (DSC) | 4 | Introduction to Business Research, Research Design and Types, Data Collection Methods, Sampling Techniques, Data Analysis and Interpretation |
| BCM 6.2 | Entrepreneurship Development & Project Management | Discipline Specific Core (DSC) | 4 | Concept of Entrepreneurship, Innovation and Business Ideas, Project Formulation and Planning, Project Appraisal Methods, Funding for New Ventures |
| BCM 6.3 D (CA) | Strategic Cost Management | Discipline Specific Elective (DSE) - Costing | 4 | Introduction to Strategic Cost Management, Life Cycle Costing, Target Costing, Kaizen Costing, Value Chain Analysis |
| BCM 6.4 D (TX) | Direct Tax Planning & Management | Discipline Specific Elective (DSE) - Taxation | 4 | Tax Planning vs. Tax Evasion, Tax Planning for Individuals, Tax Planning for Firms and LLPs, Tax Planning for Companies, Tax Incentives and Benefits |
| BCM 6.5 P | Project Work | Discipline Specific Elective (DSE) | 4 | Problem Identification, Methodology Design, Data Collection and Analysis, Report Writing, Presentation of Findings |
| OE 6.1 | Open Elective - IV | Open Elective (OE) | 3 | Advanced Interdisciplinary Topics, Future Skills, Global Perspectives, Critical Thinking, Innovation and Creativity |
