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Bachelor of Accounting & Finance (BAF)

B.Com (Account &Finance)

The benefits of undertaking B.Com (A&F) degree are that-

• The students are able to understand the basics of corporate culture and corporate ethics especially with reference to accountancy and finance Industry.
• The course curriculum has been practically designed in order to meet the increasing demand for more number of professionally certified management executives in the global market.
• It helps the students to enter into different career paths like investment and portfolio management, stock market security analysis, mutual funds and capital market analysis, accounting field, financial field etc.
• It helps students to develop competency skills and enhance their employability skills in the field of finance and accountancy by learning accounting policies, tax structure of India and laws governing the fields of accountancy and finance.
• It enhances the Professional knowledge and skill in the field of Accounts, Human Resource and Marketing with the reference to accounting and finance sector.
• The Program makes students capable to face and understand the changing dynamics of accounting and finance sector.
• The Program helps students to keep pace with the latest accounting standards and investment strategies.

Program Specific Outcome

B.Com (Account &Finance)

After Completing Bachelor of Commerce (Account & Finance) course, students are able to:

• Learners will be able to recognize and understand ethical issues in Accounting profession.
• Preparation of accounting statements as per General Accepted Accounting principles.
• Understand how to apply cost accounting methods to evaluate project and business performance.
• Acquire and upgrade current tax laws.
• Enable to compete current changing scenario in the field of accounting and finance.
• Understanding of the consumer behaviour with respect to business environment.
• Understand human rights while performing business activities.
• Demonstrate and understanding of current auditing standards and acceptable practices as well as impact of audit risk.
• The learners will experience real world learning and application of skills via their internship.
• Apply appropriate judgment derived from knowledge of accounting theory.
• Understanding of real-life working environment in industry through industrial visits.

Course Outcome

DEPARTMENT OF BACHELOR OF ACCOUNTING & FINANCE

Class	Course	Outcomes (Students will be able to )
FYBAF Elective Courses (EC) Semester I	Financial Accounting	• State the uses and users of accounting information; • Explain and apply accounting concepts, principles and conventions; • Record basic accounting transactions and prepare annual financial statements; and • Analyse, interpret and communicate the information contained in basic financial statements and explain the limitations of such statements.
FYBAF Elective Courses (EC) Semester I	Cost Accounting	• Describe the Fundamental Concepts of Cost Accounting • Apply Cost Accounting Methods to Identify Profitable Products and Services • Analyze Reports to Make Sound Pricing Decisions • Compare Cost Accumulation Systems and Choose the Right One for Your Company • Evaluate Results Against Budgets with Greater Accuracy • Use Cost Accounting Methods to Optimize the Use of People, Resources, and Materials
FYBAF Elective Courses (EC) Semester I	Financial Management	• Provide the learner with an in-depth understanding of the link between company decision-making and the operation of capital markets • Ensure the learner understands and appreciates the strong linkages between finance and globalisation • Demonstrate the importance of working capital management and the tools to manage it • Help the learner to explore the financial environment in which firms and managers must operate.
FYBAF Elective Courses (EC) Semester I	Business Communication - I	Good understanding of: • Effective business writing and Communication • Research approaches and information collection • Developing and delivering effective presentations • Effective interpersonal communications • Effective problem solving
FYBAF Elective Courses (EC) Semester I	Commerce (Business Environment) - I	• It makes learn about business objective and environment • It develops business ethics among the busniessman • Main objective to safe enviornment by managening consumer protection • It makes enhance the foreign trade with the help of WTO ,MNC'S • It makes the process of corporate social responsibility
FYBAF Elective Courses (EC) Semester I	Business Economics-I	• Apply the concept of opportunity cost • Employ marginal analysis for decision making • Analyze operations of markets under varying competitive conditions • Analyze causes and consequences of unemployment, inflation and economic growth
FYBAF Elective Courses (EC) Semester I	Foundation Course - I	• It gives understanding about multicultural diversity of indian society • It enables how to come better positive vision & improvement on stratisfication and inequality • Main objective to remove interpersonal conflicts • It shows to part of tolerance and peace and harmony among citizens • Maintaining gender equalty by providing specific roles to women empowerment with politics
SYBAF Semester - III	Financial Accounting	• State the uses and users of accounting information; • Explain and apply accounting concepts, principles and conventions; • Record basic accounting transactions and prepare annual financial statements; and • Analyse, interpret and communicate the information contained in basic financial statements and explain the limitations of such statements.
SYBAF Semester - III	Cost Accounting	• Describe the Fundamental Concepts of Cost Accounting • Apply Cost Accounting Methods to Identify Profitable Products and Services • Analyze Reports to Make Sound Pricing Decisions • Compare Cost Accumulation Systems and Choose the Right One for Your Company • Evaluate Results Against Budgets with Greater Accuracy • Use Cost Accounting Methods to Optimize the Use of People, Resources, and Materials
SYBAF Semester - III	Taxation - II	• Use a financial calculator in determining the time value of money. • Discuss basic personal and corporate tax issues and planning opportunities with an understanding of personal vs. corporate tax rates. • Students will use computer-based and paper-based systems to thoroughly research. • Analyze tax codes, tax law, rulings and interpretations, providing for adaptability as the tax law changes over time
SYBAF Semester - III	Information Technology in Accountancy - I	• Communicate the major concepts in the functional areas of accounting, marketing, finance, information technology, and management. • Describe the legal, social, ethical, and economic environments of business in a global context. • Solve organization problems, individually and/or in teams, using quantitative, qualitative, and technology-enhanced approaches. • Demonstrate professional communication and behavior. • Apply knowledge of business concepts and functions in an integrated manner.
SYBAF Semester - III	Commerce (Financial Market Operations) - II	• Understand the role and function of the financial system in reference to the macro economy. • Demonstrate an awareness of the current structure and regulation of the Indian financial services sector. • Evaluate and create strategies to promote financial products and services.
SYBAF Semester - III	Business Law (Business Regulatory Framework) - II	• Demonstrate an understanding of the Legal Environment of Business. • Apply basic legal knowledge to business transactions. • Communicate effectively using standard business and legal terminology.
SYBAF Semester - III	Business Economics - II	• Assess the effects of the major elements of the macroeconomic and microeconomic environment for businesses and their strategies; • Understand the nature of macroeconomic forecasts and how the main macroeconomic variables affect a business enterprise, and • Understand the factors which affect the nature of competition and competition policy and how they affect the strategies and performance of business enterprises.
TYBAF Semester - V	Financial Accounting - V	• Develop and understand the nature and purpose of financial statements in relationship to decision making. • Develop the ability to use the fundamental accounting equation to analyze the effect of business transactions on an organization's accounting records and financial statements. • Develop the ability to use a basic accounting system to create (record, classify, and summarize) the data needed to solve a variety of business problems. • Develop the ability to use accounting concepts, principles, and frameworks to analyze and effectively communicate information to a variety of audiences. • Develop the ability to interact well with team members.
TYBAF Semester - V	Financial Accounting - VI	• To create competent business professionals in the field of Accounting and Finance who will be innovative and resourceful. • Develop the ability to use a basic accounting system to create (record, classify, and summarize) the data needed to solve a variety of business problems. • Develop the ability to interact well with team members.
TYBAF Semester - V	Cost Accounting - IV	• Understand cost accounting knowledge, such as terminology, fundamental principles, classifications, generalizations and methods.based on the results of the solutions to the problems. • Apply course material to new situations. • Solve problems and make decisions
TYBAF Semester - V	Financial Management - II	• Provide the learner with an in-depth understanding of the link between company decision-making and the operation of capital markets • Ensure the learner understands and appreciates the strong linkages between finance and globalisation • Demonstrate the importance of working capital management and the tools to manage it • Help the learner to explore the financial environment in which firms and managers must operate.
TYBAF Semester - V	Taxation - IV (Direct Taxes- I)	• Understand the basic principles underlying the Income Tax Act and Wealth Tax Act • Compute the taxable income of an assessee • Analyze the assessment procedure and representation before appropriate authorities under the law • Apply the Generally Accepted Cost Accounting Principles and Techniques for determination of arm’s length price for domestic and international transactions
TYBAF Semester - V	Management (Management Applications) - II	• Concepts of marketing with reference to 4 P’s Product, Price, Place and Promotion and its application in business. • Discuss concepts of production management and elaborate importance of productivity and quality management • Discuss short term and long term sources of finance • Examine developments in Capital market and its reforms and developments. • Concept of Venture Capital and introduce importance of DEMAT account, Futures and Options.
FYBAF Semester II	Financial Accounting	• State the uses and users of accounting information; • Explain and apply accounting concepts, principles and conventions; • Record basic accounting transactions and prepare annual financial statements; and • Analyse, interpret and communicate the information contained in basic financial statements and explain the limitations of such statements.
FYBAF Semester II	Auditing (Introduction and Planning) - I	• Auditing (Icelandic law on auditors and International Standards on Auditing (ISA)), and tax (Icelandic tax law) as well as rules on ethics issued based on Code of Ethics for • Professional Accountants, issued by IFAC. Also knowledge of corporate finance and limited liability companies act • It enables concept of accounting, auditing and tax and related fields, i.e. corporate finance. • It makes research and sources of empirical knowledge in accounting and auditing
FYBAF Semester II	Taxation - I (Indirect Taxes I)	• GST is an indirect tax. It will be levied on manufacture, sale and consumption of goods and services. • After introduction of GST all other Indirect taxes such as VAT, Service Tax etc are abolished. The entire system of taxation has become very simpler now. • Analyse the taxation of investments as relevant to the needs and circumstances of individuals and trusts • Apply the knowledge of personal taxation to the provision of investment advice
FYBAF Semester II	Business Communication - II	• Effective business writing and Communication • Research approaches and information collection • Developing and delivering effective presentations • Effective interpersonal communications • Effective problem solving
FYBAF Semester II	Business Law I	• To understand the basics of law, the history of law, courts and its functioning. to familiarize the students with the meaning, scope and the sources of b.law • To Understand The Essentials Of A Valid Contract, The Laws Of The Act, Consideration And The Various Modes Of Discharge Of A Contract • To Explain The Various Laws With regard To The Sale Of Goods And Performance Of A Sale Contract And Remedial Measures. • To Understand The Various Laws With Regard To Patents And Other Intellectual Property Rights
FYBAF Semester II	Business Mathematics	• Discuss basic personal and corporate tax issues and planning opportunities with an understanding of personal vs. corporate tax rates. • Use a financial calculator in determining the time value of money. • Students will use computer-based and paper-based systems to thoroughly research. • Analyze tax codes, tax law, rulings and interpretations, providing for adaptability as the tax law changes over time
FYBAF Semester II	Foundation Course - II	• It gives understanding about multicultural diversity of indian society • It enables how to come better positive vision & improvement on stratisfication and inequality • Main objective to remove interpersonal conflicts • It shows to part of tolerance and peace and harmony among citizens • Maintaining gender equalty by providing specific roles to women empowerment with politics
SYBAF Semester - IV	Financial Accounting (Special Accounting Areas) - IV	• This course is intended to introduce the basic theory, concepts and practice of financial accounting and to enable students to understand information • Contained in the published financial statements of companies and other organisations. • State the uses and users of accounting information; • Explain and apply accounting concepts, principles and conventions; • Record basic accounting transactions and prepare annual financial statements
SYBAF Semester - IV	Taxation - III (Indirect Taxes- III)	• Define the procedure of direct tax assessment. . . • Able to file IT return on individual basis. • Able to compute total income and define tax complicacies and structure • Able to understand amendments made from time to time in Finance Act • Differentiate between direct and indirect tax assessment.
SYBAF Semester - IV	Management Accounting I	• Prepare, analyze and interpret financial statements. Competency: Perform transactional analysis; prepare a single-step income statement, • Balance sheet and statement of cash flows (indirect method) and prepare a corporate multi-step income statement. • Describe earnings per share (EPS) in a complex capital structure. Competency: Apply the EPS formula to calculate basic and diluted EPS. • Analyze specific economic markets to explain and predict changes in price and economic behavior.
SYBAF Semester - IV	Information Technology in Accountancy - II	• IT administration. • IT technical support. • Network technical support. • IT business administration. • IT enables save the time. • IT saves the automation in calculation and efficient reports generation.
SYBAF Semester - IV	Management (Introduction to Management) - I	• Describe the financial environment within which organisations must operate • Explain alternative sources of finance and investment opportunities and their suitability in particular circumstances • Select and apply techniques in managing working capital • It enables to generate prpoer level of management from top to lower level
SYBAF Semester - IV	Business Law (Company Law) - III	• To understand the basics of law, the history of law, courts and its functioning. to familiarize the students with the meaning, scope and the sources of b.law • To Understand The Essentials Of A Valid Contract, The Laws Of The Act, Consideration And The Various Modes Of Discharge Of A Contract • To Explain The Various Laws With regard To The Sale Of Goods And Performance Of A Sale Contract And Remedial Measures. • To Understand The Various Laws With Regard To Patents And Other Intellectual Property Rights
SYBAF Semester - IV	Research Methodology in Accounting and Finance	• Have a dissertation topic with developed research questions that will guide and focus the research process; • Have identified some of the relevant literature and critically reviewed the most pertinent for their proposal and have a conceptual framework in development; • Interpret and describe quantitative data in a manner that addresses business and research problems;
TYBAF Semester - VI	Financial Accounting VII	• Describe the roles of the key financial statements (statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows) in evaluating a company’s performance and financial position; • Describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls; • Describe the steps in the financial statement analysis framework.
TYBAF Semester - VI	Cost Accounting - IV	• Understand cost accounting knowledge, such as terminology, fundamental principles, classifications, generalizations and methods.based on the results of the solutions to the problems. • Apply course material to new situations. • Solve problems and make decisions
TYBAF Semester - VI	Financial Management - III	• Provide the learner with an in-depth understanding of the link between company decision-making and the operation of capital markets • Ensure the learner understands and appreciates the strong linkages between finance and globalisation • Demonstrate the importance of working capital management and the tools to manage it • Help the learner to explore the financial environment in which firms and managers must operate.
TYBAF Semester - VI	Taxation - V (Indirect Taxes- III)	• GST is an indirect tax. It will be levied on manufacture, sale and consumption of goods and services. • After introduction of GST all other Indirect taxes such as VAT, Service Tax etc are abolished. The entire system of taxation has become very simpler now. • Analyse the taxation of investments as relevant to the needs and circumstances of individuals and trusts • Apply the knowledge of personal taxation to the provision of investment advice
TYBAF Semester - VI	Economics Paper – III	• Students will learn how markets organize core economic activities, such as production, distribution, and consumption, and the growth of productive resources. • Students will learn about the determinants of macroeconomic conditions (national output, employment, and inflation), causes of business cycles, and interactions of monetary and fiscal policy. • Students will learn to apply economic theories and methodologies in analyzing economic issues in various sub-fields of applied microeconomics and international economics. • Quantitative analytical skills: collect and analyze data to support economic decision making using statistical and econometric techniques.
TYBAF Semester - VI	Project Work	• Students will acquire the ability to make links across different areas of knowledge and to generate, develop and evaluate ideas and information so as to apply these skills to the project task. ... Students will acquire collaborative skills through working in a team to achieve common goals. • Students will acquire the skills to communicate effectively and to present ideas clearly and coherently to specific audience in both the written and oral forms. • Students will be able to learn on their own, reflect on their learning and take appropriate actions to improve it.