Department of Commerce

B.Com in Taxation and Finance is a three-year undergraduate program (UG) in the domain of commerce with specialization in taxation and finance management related principles and techniques. The minimum eligibility criterion which most of the institutes ask for is a score of at least 50% (relaxable for reserved category candidates) at 10+2 or equivalent level.

At the end of three year B.Com programme, the students will be able to :-

PO 1- Build a strong foundation in accounting, management and business subjects
PO 2- Seek variety of career options in accounting, management and business related fields
PO 3- Equip with skills and knowledge to excel in their future careers
PO 4- Develop critical thinking skills in students
PO 5- Enter master programmes like M.Com, MBA and pursue professional programmes like C.A, CMA, C.S, etc.
PO 6- Develop entrepreneurial skills

At the end of three year B.Com Model I programme with specialisation in Finance and Taxation, the students will be able to:-

PSO 1- Understand the application of business Knowledge in both theoretical and practical aspects.
PSO 2- Determine the procedures and schedules to be followed on preparing financial statements of Companies.
PSO 3- File Income tax return and compute the tax liability of individuals
PSO 4- Develop proficiency in the management of an organisation
PSO 5- Attain skills in conducting business transactions online
SO6 - Learn the basic skills for the effective utilisation of funds
PSO7 - Follow the ethics pertaining to business transactions

After completing each course under three year B.Com programme with specialisation in Finance and Taxation, the students will be able :-

SEMESTER 1

Core Course -1: DIMENSIONS AND METHODOLOGY OF BUSINESS STUDIES

CO1- To understand business and its role in society

CO2- To have an understanding of Business ethics and CSR

CO3- To comprehend the business environment and various dimensions

CO4- To familiarise Technology integration in business

CO5- To introduce the importance and fundamentals of business research

Core Course -2: FINANCIAL ACCOUNTING– I

CO1 - To equip the students with the skill of preparing accounts and financial statements of various types of business units other than corporate undertakings

CO2 - To introduce single entry system of accounts

CO3 - To enable students with the skills to prepare royalty accounts

CO4 - To understand the system of preparing consignment accounts

CO5 - To familiar with the procedure involved in the farm accounts.

Core Course -3: CORPORATE REGULATIONS AND ADMINISTRATION

CO1 - To understand the provisions of Company Act 2013.

CO2 - To familiarize on capital structure and the procedure of share allotment.

CO3 - To attain knowledge on rights and duties of shareholders, members and types of meetings in the companies.

CO4 - To familiar with rules and regulations relating to appointment of directors

CO5 - To acquire the knowledge on modes and procedure of winding up of companies.

Complementary Course1: BANKING AND INSURANCE

CO1 - To familiarize the students with the basic concepts and practice of banking and the principles of Insurance.

CO2 - To provide the students an understanding about recent trends and innovations in the banking sector.

CO3 - To provide basic awareness to students about the concept of risk and various types of insurance.

CO4 - Gain knowledge on various kinds of life insurance plans.

CO5 - Familiarize the types of the general insurance in India.

SEMESTER 2

Core Course - 4: FINANCIAL ACCOUNTING–II

CO1 - To gain knowledge on preparation of accounts in Hire purchase and Instalment system.

CO2 - To acquire the skill to prepare different types of branch accounts.

CO3 - To transform the accounting knowledge in preparing departmental accounting.

CO4 - To familiar with the procedure involved in the dissolution of partnership firms.

CO5 - To familiarize students with the application of important accounting standards.

Core Course -5: BUSINESS REGULATORY FRAMEWORK

CO1 - To understand the rules governing Indian Contract Act.

CO2 - To familiarize the rights and discharges of duties by parties in Indemnity,Guaranty, Bailent and Pledge.

CO3 - To acquire knowledge of rules governs setting up of agency and termination of agency.

CO4 - To understand the legal provisions of Sale of Goods Act.

CO5 - To know the legal provisions of the laws relating to business.

Core Course-6: BUSINESS MANAGEMENT

CO1 - To acquire knowledge on principles of management.

CO2 - To understand the corporate strategic planning techniques .

CO3 - To acquire the knowledge on organization structure.

CO4 - To familiarize with the different types of leadership.

CO5 - To acquaint students with various the techniques of controlling and co-ordination management techniques like Quality Circle,TQM,BPR and Six Sigma.

Complementary Course-2: PRINCIPLES OF BUSINESS DECISIONS

CO1 - To help the students to understand Decision-making and application of economic theories in decision-making.

CO2 - To acquaint students with concept of demand, demand theory demands fore casting.

CO3 - To imparting idea about production function and analysis.

CO4 - To enable the students to understand Cost analysis.

CO5 - To make the students familiar with the pricing in different markets.

SEMESTER 3

CoreCourse-7: CORPORATE ACCOUNTS–I

CO1 - To make the students familiarize with the rules relating to issues of shares and debentures.

CO2 - To make the students familiarize with the rules relating to underwriting of shares.

CO3 - To familiar with computation of the financial results of companies.

CO4 - To familiar with preparation of Investments account.

CO5 - To familiar with computation of Insurance claims.

CoreCourse-8: QUANTITATIVE TECHNIQUES FOR BUSINESS–I

CO1 - To explain the features and methods of statistics.

CO2 - To apply the appropriate sampling survey method and collect data.

CO3 - To calculate an appropriate measure of central tendency.

CO4 - To calculate an appropriate measure of dispersion.

CO5 - To interpolate and extrapolate a value from a series and use it for forecasting.

Core Course-9: FINANCIAL MARKETS AND OPERATIONS

CO1 - To introduce the operations of Indian financial system to the students.

CO2 - To create awareness regarding the operations of primary market in India.

CO3 - To understand the role of secondary market in the financial market operations.

CO4 - To gain knowledge about the mutual funds, its operations, advantages and disadvantages.

CO5 - To acquire knowledge about the various derivative instruments deal in the Indian financial market.

Core Course-10: MARKETING MANAGEMENT

CO1 - To understand the marketing concepts and marketing environment.

CO2 - To acquire knowledge on product planning and product life cycle.

CO3 - To gain knowledge on choice of distribution channels and pricing strategies.

CO4 - To understand the various methods of promotion.

CO5 - To understand the peculiarities of marketing, marketing of agricultural products and functions of commodity market.

Optional Core1: GOODS AND SERVICE TAX

CO1 - To provide knowledge about goods service tax

CO2 - To create employability to the students in the commercial tax practices

CO3 - To understand the procedure for registration, payment and refund of GST

CO4 - To know tax related with movement of goods

CO5 - To understand the appeals, offences and penalties with respect to GST

SEMESTER 4

Core Course-11: CORPORATE ACCOUNTS–II

CO1 - To compute the final accounts for a corporate group like banking companies.

CO2 - To compute the final accounts for insurance companies.

CO3 - To give a detailed idea about internal reorganization of companies.

CO4 - To apply the knowledge gained in preparation of final accounts of amalgamated companies.

CO5 - To study the procedure followed for the liquidation of companies.

Core Course-12: QUANTITATIVE TECHNIQUES FOR BUSINESS-II

CO1 - To provide exposure on calculation of measures of correlation.

CO2 - To provide exposure on calculation of Regression.

CO3 - To acquaint students with the concept of index number.

CO4 - To introduce the students about the concept of provability.

CO5 - To acquire knowledge about time series analysis.

Core Course -13: ENTREPRENEURSHIP DEVELOPMENT AND PROJECT MANAGEMENT

CO1 - To understand the concept, functions and growth of entrepreneurship.

CO2 - To familiarize with project identification and feasibility analysis.

CO3 - To learn to design and appraise the project and factors influencing the plant location.

CO4 - To acquire the knowledge on formalities and documentation for registration.

CO5 - To understand the government policies for the growth of SSIs.

Optional Core2: FINANCIAL SERVICES

CO1 - To create basic idea about financial services and merchant baking

CO2 - To facilitate the knowledge about venture capital and securitization

CO3 - To understand the concept of leasing and factoring

CO4 - To familiarity with the credit rating

CO5 - To aware about the concept of mergers and acquisitions

SEMESTER 5

Core Course-14 : COST ACCOUNTING-I

CO1 - To understand the concept of costing and related terms..

CO2 - To familiarity with the estimation and controlling of material cost.

CO3 - To understand the estimation and controlling of labor cost.

CO4 - To familiarity with the estimation of overhead cost.

CO5 - To able to prepare cost sheet.

Core Course-15: ENVIRONMENT MANAGEMENT AND HUMAN RIGHTS

CO1 - To give the students an understanding of natural resources and ecosystems.

CO2 - To create awareness among students about the importance of biodiversity and its conservation.

CO3 - To create awareness among students about the consequences of pollution and possible solutions to avoid pollution.

CO4 - To familiarize students with human rights.

CO5 - To examine the application of Human rights in the field.

Core Course-16: FINANCIAL MANAGEMENT

CO1 - To learn the theoretical foundations of financial management and Financial management decisions.

CO2 - To familiarize the theories of capital structure and the concept of cost of capital.

CO3 - To evaluate feasibility of various investment options.

CO4 - To provide basic knowledge about working capital management.

CO5 - To understand the factors determining dividend policy adopted by companies.

Optional Core 3: INCOME TAX I

CO1 - To collect the basic concepts and definitions of Income Tax Act 1961

CO2 - To know the residential status of assessed and incomes exempted from tax

CO3 - To familiar with the computation of income from salary

CO4 - To familiar with the computation of income from house property

CO5 - To familiar with the computation of income from business and profession

OPEN COURSE: FUNDAMENTALS OF ACCOUNTING

CO1 - To familiarize the students with the basic accounting principles and practices in business

CO2 - To enable students to record transactions in the books of original entry.

CO3 - To enable students to post the transactions to the ledger

CO4 - To enable students to prepare the final accounts.

SEMESTER 6

Core Course 17: COST ACCOUNTING-II

CO1 - To enable the students to understand about job costing, batch costing and contract costing.

CO2 - To understand the students the different operating methods to control and reduce cost of rendering services.

CO3 - To inform the students about the methods of costing and also used to ascertain the cost at each stage of manufacturing.

CO4 - To aware the students to analyse the behavior of cost in relation to changes in volume of Output.

CO5 - To understand the students about the different tools in the hands of management for effective utilization of resources.

Core Course 18: ADVERTISEMENT AND SALES MANAGEMENT

CO1 - By knowing about the various concepts related to advertisements, students will be able to identify misleading and false advertisements and will also get a general idea about framing advertisements.

CO2 - The students will acquire copy writing skills and will also be equipped with the ability to choose a particular medium for advertisement.

CO3 - The students will be able to decide an appropriate test for measuring the effectiveness of advertisement as they become aware of various tests for measuring the effectiveness of advertisements.

CO4 - Enable the students top repare sales promotion budget and the knowledge about various sales promotion strategies may benefit those students who dream of a career in salesmanship.

CO5 - The students will be able to formulate their own strategies to manage sales force in their client organization.

Core Course 19: AUDITING AND ASSURANCE

CO1 - To acquaint themselves about the concepts and principles of auditing,auditing process and the objectives of auditing.

CO2 - To familiarize with basic terms used in auditing.

CO3 - To know more about internal control and internal check system.

CO4 - To understand the duties and liabilities of a company auditor.

CO5 - To get knowledge about preparation of audit report.

CO6 - To understand more about government audit, audit of charitable and educational organizations,hospitals,clubs etc.

Core Course 20: MANAGEMENT ACCOUNTING

CO1 - To understand the basic concepts of management accounting.

CO2 - To understand the analysis of financial statements by using various methods.

CO3 - To enable the students to understand different ratios used for analyzing financial Statements.

CO4 - To helps the students to prepare fund flow statement for the business organization.

CO5 - To helps the students to prepare the cash flow statement required for the business.

Optional Core 4: INCOME TAX II

CO1 - To familiar with the computation of capital gain

CO2 - To familiar with the computation of income from other sources

CO3 - To know about the aggregation of income and deduction u/s 80C to 80U

CO4 - To know about the assessment of individuals

CO5 - To aware about the income tax authorities and their powers and duties.