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Bachelor of Commerce - Accounting and Finance (BAF)

History of Department

Bachelor of Commerce (Accounting and Finance)

Summary

This is the first time that Jai Hind College has introduced the Bachelor of Commerce (Accounting and Finance) Course. This course provides professional education for those wishing to pursue their careers in the fields of accounting and finance. The dual major of Accounting and Finance enables students to understand the increasingly complex and critical area of finance coupled with knowledge of the practices of accounting.

It has a strong emphasis on developing analytical skills and offers a solid grounding and professional competence in all aspects of commerce required for careers in the business and corporate sectors.

The Bachelor of Commerce (Accounting and Finance) aims to produce graduates who will produce innovative solutions to problems, apply research skills to business challenges and communicate effectively.

While the course is primarily theoretical, there is a good blend of projects, case studies and industrial visits to enable a student to get well – versed with the functioning of the Industry.

There is also exposure to working in the industry during the Summer Internship Programs which is a compulsory component of the program. The students of  Jai Hind College will also have the additional benefit / option of pursuing higher studies with Colleges / Universities abroad as part of the various linkages that the College has with them.

Career outlook

There is a placement cell in the college which helps students to find jobs after graduation. Graduates can pursue careers in the field of Accounts, Financial analysts, credit analysts, stock brokers, real estate, financial planners, consultants & managers.

Faculty

Prof Adarsh Suri (Co-ordinator) asuri101@gmail.com

Prof Neha Bhatia (Assistant Co-ordinator) nehabhatia79@hotmail.com

Syllabus

Course content:
This course provides a starting point for students interested in pursuing a career in the field of Accounts & Finance. The Course details are as follows:

BAF Course Structure:

  • Semester I (June – October)
    • Financial Accounting Paper I
      • Introduction to Accounting
      • Accounting Procedure
      • Capital & Revenue
      • Reconciliation & Rectification
      • Depreciation provisions & Reserve
      • Final Accounts
    • Cost Accounting Paper I
      • Introduction
      • Cost Concepts
      • Material Cost
      • Labors Cost
      • Overheads Cost
      • Cost Sheet
    • Economics Paper I
      • Introduction
      • Demand & Supply
      • Production Function
      • Cost & Revenue Analysis
      • Market Structure    
      • Project Planning & Pricing Practices
    • Commerce Paper I
      • Business
      • Business Structure
      • Business Environment
      • International Environment
      • Business Objectives
      • Business & Social Control
    • Information Technology Paper I
      • Introduction to Computer
      • Office Productivity Tool
      • Introduction to Accounting package
      • Introduction to Accounting Information
      • Vouchers in Tally
      • Reports
    • Business Communication Paper I
      • Introduction to Communication
      • Methods of verbal communication
      • Dimensions of Corporate communication
      • Informal dimension of communication
      • Listening & improving communication
      • Business English
    • Foundation Course Paper I
      • Fundamentals of Business    
      • Business & Society
      • Business & Basic commercial information          
      • Business & Basic accounting information
      • Basic Environmental Challenges
      • Organization & Management

       
  • Semester II (November – April)
    • Financial Accounting Paper II
      • Stock valuation and valuation of inventory                                                   
      • Accounting of department store                                                               
      • Single entry system of accounting                                                             
      • Final accounts of Non Profit making organization                                      
      • Branch accounting
      • Accounting in computerized Environment    
    • Auditing Paper I
      • Auditing- Introduction   
      • Types of Audit
      • Audit Planning 
      • Vouching   
      • Verification      
      • Reading of Ledgers  
    • Financial Management Paper I
      • Introduction to financial Management                                    
      • Capital budgeting                                                                                 
      • Concept in valuation                                                                          
      • Financial Analysis                                                                              
      • Cost of capital 
      • Valuation of securities      
    • Taxation Paper I
      • Central sales tax act 1956 
      • the maharastra value addedb tax act, 2002.
      • the maharashtra value added tax act, 2002
    • Business Law Paper I
      • Law of contract 1872
      • Special Contracts
      • Sales of Goods Act 1930
      • Negotiable Instrument Act 1881
      • The Consumer Protection Act 1986
      • Foreign Exchange Management Act 2000
    • Quantitative Methods for Business
      • Introduction
      • Presentation of Data
      • Analysis of Quantitative Data
      • Measures of Dispersion
      • Index Numbers
      • Elementary Calculus
    • Business Communication Paper II
      • Interviews
      • Barriers to effective business communication
      • Non-verbal Aspects of business communication
      • Theory & Practice of advanced commercial correspondence
      • Report Writing
      • Presentation
  • Semester II (November – April)
    • Financial Accounting Paper III
      • Admission of partner
      • Retirement / Death of Partner
      • Dissolution of Partnership firm
      • Piecemeal Distribution of cash
      • Partnership Final Accounts based on adjustment on admission or retirement of a partner during the year
      • Introduction to Company’s Financial Statements
    • Cost Accounting Paper II
      • Job and Batch Costing
      • Process Costing     
      • Joint and by Product
      • Contract Costing  
      • Cost records and cost audit                             
    • Auditing Paper II
    • Economics Paper II
      • National Income
      • Money supply & banking
      • Money Demand and Inflation
      • Fiscal Operations
      • Economics stabilization
      • Balance of Payments
    • Business Law II
      • The companies Act, (Excluding provisions relating to accounts and audit sections managing agents and secretaries and treasurers sections 324-388E,arbitrations,compromises,arrangements and reconstructions- sections 389 to 396)
      • Corporate personalities; Kinds of companies
      • Promotion and incorporation of companies
      • Memorandum of Associations, Article of Associations prospectus shares share capital members share capital- transfer and transmission
      • Capital Management- borrowing powers, mortgages and charges debentures
      • Directors- Managing Director, whole time director
      • Company Meetings- Kinds quorum, voting resolutions minutes
      • Majority Powers and minority rights; prevention of oppression and mismanagement
    • Management Paper I
      • Management
      • Evolution of Management Theory
      • Planning
      • Organizing
      • Directing
    • Foundation Course Paper II
      • Investment
      • Types of Investment
      • Investment Decisions by Individuals
      • Modern Financial Instruments
      • Valuation of Shares
      • Valuation of Fixed return Securities
      • Capital Market
      • Accounting Investment
  • Semester IV (November – April)
    • Financial Management Paper II
    • Management Accounting Paper I
      • Analysis and Interpretation of Accounts                                                                
      • Ratio Analysis                                                                                               
      • Cash Flow Statement
      • Working Capital Concept      
    • Taxation Paper II
      • Indirect  Tax –  Central Excise law
      • Indirect  Tax – Service Tax           
    • Commerce Paper II
      • Introduction to Financial market in India                                                       
      • Indian Financial System                                                                                 
      • Legal and regulatory framework        
      • Contemporary issues  
    • Business Law Paper III
      • The Factories Act, 1948 
      • The Trade Union Act, 1926
      • The Industrial Disputes Act, 1947
      • The Payment of Wages Act, 1936 
    • Information Technology Paper II
      • Introduction to Internet and other emerging technologies      
      • Developmental Tools
      • Introduction to an Accounting Package
      • Cyber laws and Information Technology Act 2000
    • Quantitative Methods For Business II
      • Introduction to operations research, concept, scope and application
      • Linear Programming Model                                                   
      • Transportation model                                                 
      • Assignment model
      • Mathematics of Finance
                                         
  • Semester V (June – October)
    • Financial Accounting IV
      • AS- 14 Amalgamation, Absorption & External Reconstruction (excluding inter - company holding)  
      • Internal Reconstruction
      • Investment Accounting
      • Accounting for transaction of foreign currency
      • Introduction to IFRS
    • Cost Accounting Paper III
      • Uniform costing and Inter – firm comparison
      • Inter – firm comparison objectives
      • Non integrated system of accounts
      • Integrated Accounts
      • Operating Costin
    • Auditing Paper III
    • Management Accounting Paper II
      • Ratio Analysis
      • Capital Budgeting
      • Cash Budgeting
      • Interpretation of financial statements
      • Concept of MIS report in Computer environment
    • Taxation Paper III
      • Definitions
      • Basis of charge
      • Exclusions from total income
      • Heads of income
      • Deductions
      • Computation of total income and taxes thereon
    • Economics III
    • Introduction
      • Agricultural Sector
      • Industrial Sector
      • Service Sector
      • External Sector
      • Money and Banking
  • Semester VI (November – April)
    • Financial Accounting Paper V
      • Issue of Shares and Debentures
      • Redemption of preference shares
      • Redemption of Debentures
      • Buyback of shares
      • Final accounts of Co-operative housing society
    • Cost Accounting Paper IV
      • Budgeting and Budgetary Control
      • Absorption Costing and Marginal Costing
      • Cost Volume and Profit analysis
      • Managerial Decision Making
      • Standard Costing and Variance analysis
    • Auditing Paper IV
    • Vouching of receipts & Payments
      •  Verification and Valuation of Fixed Assets
      •  Audit of Limited Companies
      • Management Accounting Paper III
    • Taxation Paper IV
      • Capital Gains
      • Basic Aspects of Deductions of Tax at Source
      • Set Off and Carry Forward of Losses
      • Computation of Income of Partnership Firm in Relation to Sec : 40(b) and Tax thereon with Applicable Rate of Tax
      • Return of Income -  Sec 139
      • Advance Tax u/s 207, 208, 209, 210, 211
    • Management II
      • Marketing Management
      • Production Management
      • Human Resource Management        
      • Financial Management