B.Com. program in Accountancy

The Accountancy Department was set up in the year 1980. The department is engaged in Commerce courses of the B. Com, B.A. and B.Sc. Faculty which is spread across Eight Semesters. The course caters to students who desire to build their professional competence in the field of Accounting and Auditing. The overall structure of the course has been designed keeping in mind the knowledge and skills needed in the ever-changing global environment of Business and Industry. The Accountancy Department engages their students with various Research projects, Problem solving on Excel and Google sheets, Crosswords, Group discussions as a part of their Continuous Assessment – I which develops the students to face the challenges of the real world and also enhances their interpersonal skill-set and their critical thinking and problem-solving ability.

Program Objectives

  • To keep the students updated and upgraded about various accounting practices and Accounting standards followed in the corporate world.
  • Students will develop and utilize effective written and oral communication skills in an Accounting setting.
  •  Students will develop an understanding of various branches of Accountancy via Management, Bookkeeping, Auditing, Taxation, Costing, etc.
  • To inculcate students with the working knowledge of the provisions of Companies Act, 2013

Course Curriculum framework under Autonomy

Program: B. Com

Department: Accountancy

  Semester I   
Course code Course Title Credits
CACC101

FINANCIAL ACCOUNTANCY I

●       Accounting Concepts, Conventions And Accounting Standards

●       Valuation of Inventory

●       Departmental Accounts

●       Accounting for Hire Purchase Transactions

 

 03
  Semester II  
CACC201

FINANCIAL ACCOUNTANCY II

●       Accounting from Incomplete Records

●       Final Accounts of Manufacturing concern including Capital and Revenue Expenditure, 26 AS.

●       Fire Insurance Claims

●       Issue of Shares

 03
  Semester III  
CACC301

FINANCIAL ACCOUNTANCY III

(COMPULSORY PAPER)

●       Partnership final accounts based on adjustments of admission or retirement or death of a partner during the year

●       Admission or retirement or death of a partner during the year with respect to final accounts

●       Piecemeal distribution of cash

●       Ascertainment & treatment of profit prior to incorporation

 

 04
CACC302

MANAGEMENT ACCOUNTANCY

(ELECTIVE PAPER)

●        Introduction to Management Accounting including vertical form of financial statement

●        Vertical Form of Financial statement

●        Ratio Analysis and Interpretation

●        Cash Flow Statement

 04
AACC301- AC

BOOK KEEPING & ACCOUNTANCY

(APPLIED COMPONENT – BA)

●        Introduction to Book-Keeping & Accountancy

●        Double Entry & Book-keeping

●        Journal

●        Subsidiary Book

●        Cash Book

 03

Semester IV

CACC401

FINANCIAL ACCOUNTANCY IV

(COMPULSORY PAPER)

●        Introduction to company accounts

●        Redemption of preference shares

●        Redemption of debentures

●        Amalgamation of firms

 04
CACC402

AUDITING

●       Auditing concepts

●       Errors and frauds

●       Vouching

●       Verification

 04
AACC401AC

BOOK KEEPING & ACCOUNTANCY – II

(APPLIED COMPONENT – BA)

●       Ledger and trial balance

●       Bank reconciliation statement

●       Financial statement of proprietary concern

 03

Semester V

CACC501

FINANCIAL ACCOUNTANCY – PAPER V

●       Accounting for Translation of Foreign Currency Transactions Vide AS-11

●       Investment Accounting as per the provisions of AS-13

●       Preparation of Final Accounts of Companies

●       Ethical Behavior and implications for Accountants ● Internal Reconstruction

 

 5.5
CACC502

COST ACCOUNTANCY – I

●       Introduction to Cost Accounting and Material Costs

●       Labour Cost

●       Overheads Cost

●       Preparation of Cost Sheet

 5.5
CACC504

INCOME TAX

●       Basic Terms, Residential Status & Scope of Total Income

●       Heads of Income & Income from Salary

●       Income from House Property & Profits and Gains of Business and Profession

●       Computation of Total Income for Individual including Deduction under Chapter VIA

 4.5
CACC505

BUSINESS MANAGEMENT ACCOUNTANCY -PAPER I

●       Study of financial statement

●       Working Capital Management

●       Ratio Analysis

●       Cash flow statement

 5.5
  Semester VI  
CACC601

FINANCIAL ACCOUNTANCY AND AUDITING – PAPER VI

●       Amalgamation Of Companies ( As 14,Excluding Intercompany Holding)

●       Valuation Of Goodwill And Shares

●       Buy-Back Of Shares

●       Underwriting Of Shares & Debentures

 5.5
CACC602

COST ACCOUNTANCY II

●       Process costing

●       Marginal costing

●       Introduction to standard costing

●       Introduction To Contract Costing

 05
CACC604

GOODS AND SERVICE TAX

●       Overview and registration under GST

●       Levy and collection of tax

●       Time, Place and value of supply

 4.5
CACC605

BUSINESS MANAGEMENT ACCOUNTANCY –  II

●       Marginal Costing

●       Introduction To Cost Accounting And Preparation Of Cost Sheet:

●       Capital Budgeting

●       Management Of Cash And Receivables

 5.5

The minor electives will be offered from the following domains: – Marketing, Management, Data Science, Web Designing, Cybersecurity, Accounting, Taxation, Finance, Financial Markets, Investment Banking, Commercial Data Science, Banking, Biotechnology, Mass communication, Embedded Systems and IoT.