Gokhale Centenary College BCom in Financial Accounting Admission 2024-25, Placements, News & Articles Details, Jobs

Kannada, Karnataka
Estd 1966
Private College
NAAC
15

BCom in Financial Accounting Course Full Detail 2024-25

Overview

B.Com. Financial Accounting Admission CURRENT_YEAR

B.Com Financial Accounting program is an undergraduate course. The duration of this program is 3 years. Helps students understand core concepts in finance, commerce, and accounting. Students who took Economics as an elective subject in 12th year can choose B.Com. However, science and humanities students can also choose her B.com Financial Accounting as their undergraduate course. B.com graduates have career opportunities in commerce, accounting, finance, banking and insurance. B.com is the perfect course for students who want to pursue an accounting course after completing their bachelor's degree. After completing their B.Com studies, students can apply for jobs in education, advertising, law, journalism, mass communication, law, and design. The starting salary for B.com graduates is Rs.3.5 million. The top job categories after BCom Financial Accounting are Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Tax Consultant, Stock Broker, Economist, Business Development Trainee, Financial Officer, Sales Analyst, and Junior Analyst.

B.Com in Financial Accounting Highlights

Course Level	Undergraduate
Duration of the Course	3 Years
Examination Type	Semester
Eligibility	50% in 10th and 12th board exam
Admission Process	Entrance exam and Merit-Based
Course Fee	INR 10,000 to 1,00,000
Average Salary	INR 2 L to 7 L per annum
Top Recruiting Companies	Deloitte, Capgemini, HCL, Mindtree, L&T, Accenture, Wipro, TCS, EY, KPMG, PWC, Accenture, Private Banks like Kotak, ICICI, etc.,
Job Positions	Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Tax Accountant, Stockbroker, Economist, Business Development Trainee, Finance Officer, Sales Analyst, Junior Analyst.

B.Com in Financial Accounting Entrance Exam

To gain admission through Entrance-based MTech college, a high UG aggregate is required. Admissions are highly competitive at the top colleges offering MTech courses. Cut-off lists and admission details are advertised regularly during the admissions season on the official website, they must be kept track of. For admission through entrance examination based colleges, the exam pattern, past papers etc. must be downloaded for practice by the aspirants. Preparations must be started at least one month before admissions start so that there is enough time to be well prepared.

Admission Process of B.Com in Financial Accounting

To be eligible for admission to B.Com in Financial Accounting, candidates must have passed their 10+2 examination in any stream with a minimum of 50% marks from a recognized board. Candidates who are willing to get admission can apply by both online and offline means. They can fill the entrance form official website of the institute or can directly pursue by reaching the desired institute. Fill the application form required and upload all the necessary documents which are asked in the form. After completion of the process of application, go for counselling round and attend the personal interview round to get your desired college.

B.Com in Financial Accounting Duration

B.Com in Financial Accounting is a three-year course.

B.Com in Financial Accounting Selection Criteria

Admission to B.Com in Financial Accounting is based on merit, i.e., the candidate's performance in the qualifying examination.

B.Com in Financial Accounting How to Apply

Candidates can apply for admission to B.Com in Financial Accounting by visiting the college or university's official website and filling out the application form. They must also submit the required documents and pay the application fee.

B.Com in Financial Accounting Application Form

The application form for B.Com in Financial Accounting is available online on the college or university's official website.

B.Com in Financial Accounting Application Process

To apply for B.Com in Financial Accounting, candidates must follow these steps:
Visit the official website of the college or university.
Fill out the application form with the required details.
Upload the required documents.
Pay the application fee.
Submit the application form.

B.Com in Financial Accounting Fee

The fee for B.Com in Financial Accounting varies from college to college. It ranges from INR 10,000 to INR 1,00,000 per annum.

B.Com in Financial Accounting Syllabus

Semester I	Semester II
Financial Accounting	Tamil I
Principles of Management	English II
Business Communication	Principles of Accountancy
Managerial Economics	Business Communication
Verbal ability	Business Economics

Semester III	Semester IV
Advanced Company Accounts –I	Advanced Company Accounts –II
Capital Market	Company Law
Corporate Accounting - I	Business Statistical and Decision Techniques
Marketing	Human Resource Management
Business Statistics - I	Business Statistics II
Corporate Finance	Organizational Behaviour
Marketing	Principles of Marketing
Open Elective - I	Open Elective - II
Quantitative Aptitude and Reasoning –II	Communication Skills

B.Com in Financial Accounting Salary and Jobs

The average salary for B.Com in Financial Accounting graduates is INR 3 to 6 lakhs per annum. Some of the job roles that graduates can take up are:

B.Com in Financial Accounting Career Opportunities

B.Com in Financial Accounting opens up various career opportunities in the field of accounting and finance. Graduates can work in various sectors such as banking, finance, accounting, and taxation. They can also pursue higher education and specialize in a particular area of accounting or finance.

B.Com.in Financial Accounting is a Bachelor level course. Financial Accountancy is the scope of accountancy care with the preparation of financial communication for conclusion makers, such as stockholders, employees, owners,d banks, suppliers, government agencies, and other contributor. B.Com. is generally 3 academic year degree program and it may be provided on part time basis by various institutes. And it career orienting in nature that opens many job opportunities for them after its completion.

B.Com. Financial Accounting Occupation Areas:

B.Com. Financial Accounting Job Career:

Bachelor of Commerce in Financial Accounting

STREAM
Commerce

DURATION
3 Years

COURSE MODE
Semester

COURSE TYPE
Bachelor Degree Courses

ELIGIBILITY
10+2 With Commerce Minimum 50% Marks From a Recognised Board

Similar Courses
Commerce
B.Com
B.Sc.

ADMISSION 2024-25

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BCom in Financial Accounting: Subjects of Study (Syllabus)

Paper Code	Subjects of Study
1	Meaning and Scope of Accounting
2	Accounting Principles (GAAP)
3	Accounting Cycle
4	Types of Accounts & Rules of Debit and Credit
5	Users of Accounting information
6	Branches of Accounting
7	Indian Accounting Standards
8	Classification of Income and Expenditure
9	Advanced Accounts of Partnership firm
10	Branch Accounts
11	Accounts from Incomplete Records
12	Consignment Accounts
13	Accounting for Joint Venture
14	Hire purchase and instalment purchase System
15	Voyage Account
16	Self-Balancing Ledgers
17	Insurance claim for loss of stock and loss of profit policy
18	Accounting for “Not-for-profit” Entities
19	Final accounts of Professionals
20	Taxation - compulsory paper
21	1 Introduction : Historical background of the Income Tax Act, 1961 ; Definitions-Meaning of various terms viz. Income
22	Income Tax
23	Assess
24	Person
25	Assessment Year
26	Previous Year
27	2 Residential Status & Incidence of Tax : Determination of Residential Status
28	Incidence of Income Tax on the basis of Residential Status of an assess and Basis of charge
29	3 Exempted Income under Section 10 of the Income Tax Act, 1961.
30	4 Income under the head ‘Salaries’ : Determination / Taxation of income under the head ‘Salaries’
31	Income includible in ‘Salaries’- Taxable and Exempted Perquisites
32	Amount deductible from ‘Salaries’ – Professional Tax
33	Income under the head ‘House Property
34	Determination / Taxation of income from ‘House Property’- Deductions available and not available from Income from ‘House Property’- Carry Forward and Set off of losses under the head Income form ‘House Property
35	Income under the head ‘Other Sources’: Determination / Taxation of income from ‘Other Sources’- Deductions available & not available from income from ‘Other Sources
36	Income under the head ‘Profits & Gains from Business & Profession’: Taxation of Income from ‘Profits & Gains from Business & Profession’- Provisions of section 28 to 44D of the Income Tax, 1961.- Carry Forward and Set off of Business Losses and Unabsorbe
37	Income under the head ‘Capital Gains’: Introduction, Basis of Charge & Computation
38	Computation of Total Income: Computation of Gross Total Income of Individuals
39	Deductions from Gross Total Income under Chapter VI A: viz. under Sections 80 C to 80 U of the Income Tax Act, 1961
40	Interest payable by an assess: Interest payable by assesses under Section 234 A, 234 B, 234 C & 234 D of the Income Tax Act, 1961
41	An Introduction to Indirect Taxes: Meaning & Constitutional support to Indirect Taxes (several Indirect Taxes)
42	Direct & Indirect Taxes compared
43	Advantages & Disadvantages of Indirect Taxes
44	Value Added Tax (VAT): Meaning
45	Background
46	Incidence of Tax; Important Definitions
47	VAT and Sales Tax compared
48	Registration
49	Assessment & Payment
50	Rate of Taxes on goods & declared goods
51	Set Off (input tax credit) conditions & procedure; Records & Documents. 5.3 An Introduction to CST.
52	Central Excise Duty: Historical Background
53	Meaning
54	Incidence of Tax; Levy and Collection of Excise Duty; Goods, Excisable Goods, Classification of Excisable Goods; What is Manufacture? ; Cenvat Credit
55	Service Tax : Meaning, Background & Incidence of tax
56	Levy & Collection of Service Tax
57	Terms used in Service Tax – Service Provider
58	Consumer of Service
59	Input Service
60	Taxable Service
61	Exempted Service
62	General Exemption from Service Tax ; Persons liable to pay service tax with exceptions
63	Cost & Management Accounting - compulsory paper
64	Introduction: Cost Concepts
65	Cost Object
66	Cost Classification (CAS-01)
67	Cost Organization And Its Relationship With Other Departments
68	Material Cost – Procurement Procedure
69	Store Procedure and Documentation In respect of Receipts and Issues Of Stock
70	Perpetual Inventory And Physical Stock Taking
71	ABC Analysis
72	VED Analysis
73	Level Of Inventories and Economic Order Quantity (EOQ) Analysis
74	Labour Costs — Remuneration Methods
75	Monetary And Non-Monetary Incentive Schemes
76	Payroll Procedures
77	Measurement Of Labour Efficiency and Productivity
78	Analysis Of Non-Productive Time
79	Overtime - Cost & its Treatment
80	Labour Turnover And Remedial Measures
81	Direct expenses — nature
82	collection, classification and treatment of direct expenses.
83	Overheads — Nature, Collection, Classification, Apportionment and Absorption. (CAS – 03)
84	Production Overheads — Collection, Apportionment, Absorption
85	Use of Predetermined Recovery Rates
86	Treatment of Under and Over Absorption
87	Fixed
88	Variable and Semi Variable Overhead
89	Report for Control of Overhead Cost
90	Administration, Selling and Distribution Overheads — Analysis
91	Accounting and Control
92	Treatment of Miscellaneous Items in Cost Accounting
93	Preparation of Cost Sheet (Advanced Comprehensive Examples only)
94	Specific Order Costing —Determination Of Cost In Job And Batch Costing
95	Valuation Of Work-In-Progress In Job Costing
96	Cost Accounting Records — Cost Accounting Systems – Integrated and Non-integrated
97	Reconciliation Of Cost And Financial Accounts
98	Process Costing — Treatment Of Normal And Abnormal Losses And Gains
99	Valuation Of Opening And Closing Raw Materials
100	Finish Goods
101	Valuation Of Work-In-Progress Using First-In – First-Out And Average Methods (Equivalent Production)
102	Inter-Process Transfer And Pricing
103	Concepts And Accounting For Joint Products
104	By-Products
105	Waste
106	Packing Materials (Empties), Scrap
107	Spoilage And Defectives, Research And Development Expenses
108	Activity Based Costing: Definition and Meaning objectives
109	Steps in Activity Based Costing
110	Cost Pools and Cost Drivers
111	Activity Based Information and Decision Making
112	Service Costing - Meaning
113	Definition
114	Application, Identification of Cost Unit, Cost Determination & Cost Control
115	Uniform Costing and Inter Firm Comparison
116	Introduction of Management Accounting: Meaning
117	Definition, Importance in Business Decisions, Classification of Costs in relation to business decisions
118	Marginal Costing and Break-Even Analysis — Basic Concepts
119	Marginal Costing and Absorption Costing
120	Cost-Volume-Profit Analysis
121	Break-Even Analysis
122	Limitations of Break-Even Analysis
123	Differential Cost Analysis and Relevant Cost Analysis
124	Applications for Management Decision Making (Simple Types)
125	Budgetary Control — Basic Concepts
126	Functional Budgets and Master Budgets
127	Flexible Budgets, Zero Based Budgeting
128	Standard Costing — Concepts/Uses and Establishing a Standard Costing system
129	Setting of Standards, Variance Analysis
130	Recording and Reporting
131	Relationship of Standard Costing and Budgetary Control
132	Advanced Accounting I (Group A: Accounting & Auditing; Special Paper I
133	Accounting for shares Issue – forfeiture – Re-issue of shares Buy back of shares- Underwriting – Bonus shares
134	Share Split and Reverse Split Right issue- Surrender of shares
135	Redemption of Redeemable Preference shares
136	Accounting for Debentures Issue and Redemption of Debentures (Various method), Bonus Debentures
137	Company Statutory Records Statutory Books – Statistical records – Statutory records
138	Acquisition of Business – profit prior to Incorporation
139	Accounting for Depreciation and Fixed assets (As per the provisions of As-6 and As-10)
140	Final Accounts of Joint Stock Companies Preparation and presentation of Final Accounts in compliance of Schedule VI- (Vertical format) covering As-1, As-2, As-4, As-5, and As-29. (Excluding Computation of Managerial Remuneration and Divisible Profit)
141	Cash Flow Statement (As per As-3) – Indirect Method
142	Funds Flow statement -Statement of changes in Working Capital, Statement of Funds from Operation3
143	Statement of sources and Application of Funds
144	Valuation of Goodwill Meaning – Definition – Factors affecting Goodwill-Future Maintainable profits- Normal rate of return- Average Capital Employed-Methods of Valuing Goodwill- Simple Profit Method-Super Profit Method – Capitalization Method. Annuity Me
145	Valuation of shares Need for valuation-Methods of Valuation of shares – Intrinsic Value Method – Yield Method- Fair book value method- Valuation based on P/E ratio
146	Investment accounts as per As-13 Definition- classification of Investment- Cost of Investment –valuation of Investments- Disposal of investment- Reclassification of Investment, Preparation of Investment account for Interest & dividend bearing Securities
147	Accounting for Lease Transactions as per As-19 Types of lease- Accounting for operating lease & Finance lease & Sale and leaseback
148	Accounts of Hotel Business Nature of Hotel companies - Sources of revenue – Heads of Expenditures – Important Terms, Significant accounting policies
149	Capital Market) (Group – B: Finance & Investment Management; Special Paper - I
150	Financial Management: Introduction
151	Core Concepts
152	Objectives
153	Finance Functions
154	Organization of Finance Function
155	Time Value of Money: Concept and Applications
156	Statements of Financial Information, and Financial Statements Analysis
157	Sources of Finance
158	Leverages
159	Dividend Policy
160	Working Capital Management (including basic elements of cash management, credit management and inventory management)
161	Cost of Capital
162	Basics of Capital Budgeting
163	Personal Finance: Introduction, Goals
164	Importance of Personal Financial Management
165	Personal Financial Statements (Income Statement and Balance Sheet)
166	Financial Planning and Budgeting
167	Spending money wisely
168	Tax Planning for Personal Incomes
169	Savings and Investments
170	Avenues for Investments: Financial Securities
171	Real Estate
172	Precious Metals and Derivatives
173	Depository System
174	Diversified Personal Investment Portfolio
175	Borrowings for short term and long term personal needs
176	Insurance: Life, Health, Property and Liabilities
177	Retirement Planning
178	Audit & Auditor’s Assurances) (Group – A: Accounting & Auditing; Special Paper - II
179	Principles of Auditing (with reference to AAS-1) Definition
180	An overview of Auditing & Assurance Standards (AAS)
181	Objects (with reference AAS-4)
182	advantages and different classes of Audit. Qualities of a Good Auditor. Preparation before commencement of Audit
183	Audit program (with reference AAS-8)
184	Audit Notebook, Audit Files, Working papers (with reference AAS-3)
185	Internal Check, Internal Control (with reference AAS-6) and Internal Audit
186	Special Audit Techniques: - Analytical Procedures (AAS - 14) - Types of sampling, Test check system of Audit (with reference AAS-15)
187	Meaning and Object of Vouching (with reference AAS-5). Vouching of various types of transactions
188	Meaning of Verification and Valuation, Verification and Valuation Principles
189	Verification and Valuation of Assets and Verification of Liabilities
190	Contemporary issues on Auditing
191	Provision relating to auditors under The Companies Act, 1956: Appointment, Reappointment, Remuneration and Removal of Auditors, Qualifications and Disqualifications
192	Rights, Powers, Duties and Liabilities of an auditor
193	(a) Statutory Report to be placed before statutory meeting
194	Dividend and appropriation of Profits including divisible profits
195	Share Capital and Debenture Audit
196	Auditing in Computerized environment
197	Investigation – Meaning, difference between investigation and Audit, various types of investigation
198	Following sections of the Companies Act, 1956
199	Sec. 209 - Books of accounts to be kept by the Company
200	Sec. 210 - Annual Accounts & Balance Sheet
201	Sec.227 - Auditors Report including CARO, 2003 as amended by CARO, 2004
202	Sec.228 - Branch Audit
203	Sec.233A - Power of Central government to direct special audit in certain cases
204	Sec.233B - Cost audit
205	Audit under Fiscal Laws- Tax Audit & Vat Audit
206	Recent Trends in Company Audit
207	Advanced Accounting – II) (Group – A: Accounting & Auditing; Special Paper - III
208	Final Accounts of Joint Stock Company (Advanced) Computation of Managerial Remuneration-Divisible Profit -Application of As-15 As-22 As-29 Notes to accounts-Corporate Governance Report
209	Earnings Per Share (EPS) as per Ads-20 Computation of Basic and Diluted Earnings Per Share
210	Accounting for Amalgamation as per Ads-14 Legal Provisions-purchase Consideration-Amalgamation Purchase (Excluding inter Company investments)
211	Reconstruction of Company External Reconstruction - Internal Reconstruction-Alteration of Share Capital & Reduction of Share Capital surrender of shares-Dissenting shareholders
212	Liquidation of Joint Stock Companies Meaning of Liquidation- Modes of winding up – statement of Affairs – Deficiency or Surplus account
213	Liquidators Final statement of accounts- Receiver for Debenture holders – “B” list of Contributories
214	Holding Company Accounts (With one subsidiary company only) Consolidated Balance Sheet Definitions as per As-21- wholly and partly owned Subsidiary Companies-pre & post acquisition profits/losses-Cost of control-Minority Interest- Unrealized profit-Inter
215	Accounts of Banking Companies Legal provisions relating to Final accounts of Banking companies – Disclosure of Accounting policies- prescribed formats of Profit and loss account and Balance Sheet Norms for Income recognition, NPAs, Asset classification a
216	Accounting for Intangibles (AS-26)
217	Accounts of Insurance Companies Life Insurance-General Insurance various terms used in insurance business
218	IRDA provisions – Statutory financial statements of life and General Insurance business in prescribed formats
219	Accounting for foreign currency transactions (AS-11)
220	Emerging Trends in Accounting
221	Financial Analysis & Reporting) (Group – B: Finance & Investment Management; Special Paper - II
222	Company Final Accounts: Preparation and Presentation of Final accounts in compliance of Schedule VI - Accounting for Depreciation of Fixed Assets – AS-1,2,4,5,6,9,10 and 29
223	Financial Statements Analysis: Statements of Financial Information – Users – Accounting Ratios – Types of Ratios – Basis of Comparison – Limitations of Ratios – Du Pont Analysis
224	Predicting Corporate Failures using Z score models – Comparative Statements Analysis – Common size Statements
225	Reporting to Shareholders: Contents of Annual Reports – Chairman’s Statement
226	Directors’ Report, Auditor’s Report, Financial Statements, and Corporate Governance Report - Management Discussion and Analysis, Voluntary and Mandatory Disclosures – Segment Reporting – Interim Financial Reporting
227	Value Added Statement – Economic Value Added – Triple Bottom Line (People, Planet and Profits) Reporting – Corporate Social Reporting
228	Financial Analysis & Reporting
229	Banking Companies
230	Mutual Funds
231	Stock Brokers
232	Investment Management) (Group – B: Finance & Investment Management; Special Paper - III
233	Meaning of Investment
234	Real Assets vs. Financial Assets
235	Investment vs. Speculation
236	Investment Attributes: Rate of Return, Risk, Marketability, Tax Shelter, and Convenience
237	Investment Alternatives – a Panoramic View
238	Risk and Return: Sources of Risk, Types of Risk, and Components of Return, Measuring Historical Return and Risk, and Measuring Expected Return and Risk
239	Efficient Market Hypothesis: Concept, Three Levels of Market Efficiency and Implications for Investment Analysis
240	Equity Valuation: Balance Sheet Valuation
241	Dividend Discount Model
242	Drivers of Growth
243	Earnings Multiplier Approach (P/E Ratio)
244	Bond Prices and Yields: Bond Characteristics, Bond Prices, Bond Yields, Risks in Bonds, Rating of Bonds, Yield Curve and Determinants of Interest Rates
245	Fundamental Analysis: Macroeconomic and Industry Analysis, Company Analysis
246	Technical Analysis: Basic Premises, Charting Techniques and Technical Indicators
247	Portfolio Theory: The Benefits of Diversification, Portfolio Return and Risk, Measurement of Co-movements in Security Returns, Efficient Frontier, Optimal Portfolio
248	Capital Asset Pricing Model (CAPM): Basic Assumptions, Capital Market Line, Security Market Line, Inputs required for applying CAPM
249	Portfolio Management Framework: The Grand Design
250	Futures and Options: Simple Strategies of Hedging, Speculation and Arbitrage – Commodities Futures
251	Tax Aspects of Investments