Accounting & Taxation

Overview

Studying Accounting and Taxation offers a comprehensive understanding of financial management and the intricacies of tax laws and regulations. This program combines the principles of accounting, taxation, and business law to equip students with the knowledge and skills necessary for a career in accounting and tax services. Students learn how to prepare financial statements, analyze financial data, and interpret tax codes. They also gain expertise in tax planning, compliance, and the application of tax laws in various business scenarios. Studying Accounting and Taxation prepares graduates for roles as accountants, tax consultants, auditors, or financial analysts in accounting firms, corporations, government agencies, or as independent professionals in the field of taxation and financial management.

Objectives Of The Programme

  1. Understand fundamental accounting principles and practices to accurately record and report financial transactions.
  2. Gain knowledge of tax laws and regulations to ensure compliance and optimize tax planning strategies.
  3. Develop skills in financial analysis to assess the financial health and performance of organizations.
  4. Acquire expertise in auditing principles to evaluate and verify the accuracy of financial records and statements.
  5. Enhance problem-solving and critical thinking abilities in applying accounting and taxation principles to real-world scenarios.

 Programme Outcomes

  1. Proficiency in preparing and analyzing financial statements to assess the financial performance of organizations.
  2. Knowledge of tax laws and regulations to accurately prepare tax returns and provide tax planning advice.
  3. Ability to apply accounting principles and practices to record and report financial transactions accurately.
  4. Competence in conducting internal and external audits to ensure compliance and identify areas for improvement.
  5. Understanding of business laws and regulations related to accounting and taxation for effective decision-making.
  6. Skill in utilizing accounting software and tools to streamline financial processes and enhance efficiency.
  7. Awareness of ethical standards and professional codes of conduct in accounting and taxation practices.
  8. Capability to interpret and communicate complex financial information to stakeholders and non-financial professionals.
  9. Proficiency in financial analysis techniques to evaluate investment opportunities and financial risks.
  10. Preparedness for professional certifications such as Certified Public Accountant (CPA) or Chartered Accountant (CA).

DEGREE

BCom

Overview

Studying B.Com (Bachelor of Commerce) in Accounting and Taxation provides a strong foundation in accounting principles, taxation laws, and financial management. This program equips students with essential skills and knowledge to excel in the fields of accounting and taxation. Students learn how to record and analyze financial transactions, prepare financial statements, and navigate the complexities of tax regulations. They gain expertise in tax planning, compliance, and financial reporting. B.Com in Accounting and Taxation prepares graduates for careers as accountants, tax consultants, auditors, financial analysts, or tax specialists in various industries and organizations. This program also serves as a stepping stone for pursuing advanced degrees or professional certifications in accounting and taxation.

CAREER

Academic & Job Prospects in Accounting and Taxation

  1. Accounting Professor: Teach accounting and taxation courses at universities or colleges, sharing knowledge and expertise with future accountants and tax professionals.
  2. Financial Accounting Researcher: Conduct research on financial accounting practices, tax laws, and regulations, contributing to academic advancements in the field.
  3. Tax Law Specialist: Pursue a career in legal academia, focusing on tax law research and teaching tax law courses.
  4. Accounting Curriculum Developer: Develop and design academic programs and curricula in accounting and taxation for educational institutions.
  5. Accounting Department Chair: Oversee the accounting department, manage faculty, and shape the academic direction of the program.
  6. Certified Public Accountant (CPA): Work as an auditor, tax consultant, or financial analyst in accounting firms or corporate finance departments.
  7. Tax Manager: Manage tax planning, compliance, and reporting for corporations, ensuring adherence to tax regulations and optimizing tax strategies.
  8. Financial Controller: Oversee financial operations, budgeting, and reporting in organizations, ensuring accuracy and compliance with accounting standards.
  9. Internal Auditor: Conduct internal audits to assess and improve financial controls, risk management, and compliance within organizations.
  10. Financial Analyst: Analyze financial data, assess investment opportunities, and provide financial insights and recommendations to management teams.

Some of the main industries offering employment opportunities after studying Accounting and Taxation are listed under:

  1. Accounting Firms
  2. Financial Institutions (Banks, Investment Banks, etc.)
  3. Corporate Finance Departments
  4. Government Agencies (Tax Authorities, Revenue Services, etc.)
  5. Audit Firms
  6. Consulting Firms
  7. Non-Profit Organizations
  8. Insurance Companies
  9. Real Estate and Property Management Companies
  10. Manufacturing and Retail Companies
Skilled & Qualified

Faculty