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.
