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All about B.Com Corporate Accounting & Taxation Course


All about B.Com Corporate Accounting & Taxation Course

Last updated: 16 Sep 2020

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What is meant by Corporate Accounting & Taxation?

Corporate Accounting is the systematic recording, analysing, interpreting and presenting of financial information. Accounting may be done by one person in a small business or by different teams in large organisations. Corporate Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions.

Taxation is a structure of accounting methods focused on taxes rather than the appearance of public financial statements. Taxation is governed by tax authorities that dictates the specific rules that companies and individuals must follow when preparing tax returns. 

Taxation is the bisector of accounting that deals with the preparations of tax returns and tax payments. Taxation is used by individuals, businesses, corporations and other entities. Taxation for an individual focuses on income qualifying deductions, donations and any investment gains or losses.

Few Lines about B.Com Corporate Accounting & Taxation

B.Com Corporate Accounting & Taxation is a 3-years undergraduate course that is divided into 6-semesters.  The course deals with the study of various subjects such as accounting & taxation, Indian tax system, financial accounting, principles of management, value added tax and central tax procedure, financial accounting and business communication, etc.

The course is designed to give a detailed knowledge of corporate accounting systems that is career orienting and job providing one that offers a lot of scopes for them after the successful completion of the course.

Eligibility for B.Com Corporate Accounting & Taxation

The students who have completed their PUC or 10+2 in any stream with 50% aggregate from recognised board are eligible to apply for the B.Com Corporate Accounting & Taxation course.

Admission Procedure

The students with relevant qualifications can join the B.Com Corporate Accounting & Taxation course by two modes. The first one is Merit based admission and the second one is direct admission.

Let’s discuss in detail

1. Merit Admission

There are many top educational institutes that conduct entrance exams for the B.Com Corporate Accounting & Taxation course. This mode is called merit admission mode. The entrance exams are conducted to select the serious and hardworking students from the group of non-serious candidates to the available limited number of seats in the colleges. The qualified students are allotted the merit seats and are given admission, the fees are fairly nominal for merit admissions.

2. Direct Admission  

The students have another option of getting admission to B.Com Corporate Accounting & Taxation course by direct admission process. Under this mode of admission, the students are given direct admission to their desired colleges under management quota. The direct admission students enjoy many special privileges like they are not required to apply for any institution-based entrance exam for getting admissions. They have an option to choose their desired colleges and book their seats even before the starting of the academic year. The students who are interested in direct admissions are required to contact Galaxy Educational Services for more details.

Course Curriculum for B.Com Corporate Accounting & Taxation

The students of B.Com Corporate Accounting & Taxation will be studying the following subjects during their course duration.

Sl No

Subjects of Study

1.

Financial Accounting

2.

Cost Accounting

3.

Law of Contract

4.

Micro Economics Theory

5.

Business Mathematics

6.

E-Commerce

7.

Business Statistics

8.

Business Law

9.

Operations Research

10.

Income Tax Law & Practice

11.

Business Organisation

12.

Corporate Law

13.

Financial Management

14.

Advanced Business Statistics

15.

Advanced Accounting

16.

Business Management

17.

Company Management & Secretarial Practice

18.

Advanced Cost Accounting

19.

Auditing

20.

Retail Management

21.

Banking Law & Practice

22.

Indirect Tax Laws

23.

Tax Planning

24.

Management Accounting

25.

Business Communication

26.

Business Accounting

27.

Monetary Economics

Career & Scope

The B.Com Corporate Accounting & Taxation students are basically hired in finance and accounts departments of the organisations. They are usually required to handle the tax related issues and corporate accounting issues in an organisation.

Salary and Emoluments

The fresh B.Com Corporate Accounting & Taxations students can easily earn around 4 lakhs to 6 lakhs per annum. The experienced professionals will be earning around 6 lakhs to 8 lakhs per annum.

Job Roles

Some of the job roles available for B.Com Corporate Accounting & Taxation students are:

  • Accountant
  • Revenue Agent
  • Marketing Manager
  • Financial Analyst
  • Tax Policy Analyst

Top organisations hiring B.Com Corporate Accounting & Taxation

  • Accenture
  • IBM
  • Capgemini
  • Fidelity Solutions
  • JP Morgan Chase
  • Goldman Sachs
  • Wipro
  • Infosys
  • TCS

Concluding Lines

The accountancy and taxation sector are one of the areas that is having huge demand for skilled professionals. The B.Com Corporate Accounting & Taxation students can find ample job opportunities in the field. The last decade saw a huge demand for skilled professionals. The skilled B.Com Corporate Accounting & Taxation students are paid handsome salaries and are also given excellent career growth opportunities in the field. The students with passion towards accounting can join this course.

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