B.Com – International Accounting and Finance(Accredited to UKACA)
Overview
Class Timings
Monday – Friday: 7:30 am to 12:00 pm
Year of Inception - 2016 Essence of Programme
B.Com International Accounting and Finance is an undergraduate program in Commerce integrated with Association of Chartered Certified Accountants, UK. ACCA (Association of Chartered Certified Accountants) is a global professional accounting body offering the Chartered Certified Accountant qualification, recognized in over 180 countries.
The program comprises of papers offered by Mount Carmel College along with papers integrated with ACCA. The program entails a student completing the ACCA qualification alongside their B.Com IAF from MCC. The student needs to attempt external examinations conducted by ACCA across the B.Com program. The core papers will be taught by experienced professionals in relevant fields. The methodology used in the program builds a platform for the students to apply their analytical skills. It also enables the students to obtain substantial fundamental knowledge of subjects like Accounting, Taxation, Law, Financial Reporting, Auditing, Risk Management, Corporate Governance, Management Accounting, Strategic Business Finance, Business Ethics and Performance Management. The B.Com IAF course is challenging and yet very rewarding to students with high career aspirations. It is also a globally recognized course.
Eligibilty
Students who have completed Two Years Pre-University Course of Karnataka or Equivalent thereto are eligible to seek Admission to B.Com International Accounting and Finance – ACCA Degree Program. Candidates should have studied Business Studies and Accountancy at the Pre University Level.
Duration of Course
The duration of the program is three years spread over Six Semesters.
Medium of Instruction
The medium of Instruction and Examination shall be in English.
Career Oppurunities
With a comprehensive course structure, the students of this program have extensive job opportunities in the field of Accounting, Finance, Governance, Insurance, Taxation, Risk Management, and Wealth Management and can exercise roles of an Accountant, Internal Auditor, Forensic Accountant, Strategic Manager, Risk Analyst, Compliance Officer, Insolvency Professional, Tax Analyst and the like across Big Four Companies in particular, Multi-National Companies and Government Agencies.
Students aspiring higher education after B.Com have vast avenues for pursuing their Masters in the field of Accounting, Auditing, Finance, Taxation and Investment Management across the Globe.
Dress Code
The students are expected to conform to the dress code specified by the college management. Students will have to wear their Identity Cards at all times.
Dean of Commerce
Prof. V N Raghu,
M.Com, MPhil.
Head of the Department
Ms. Meenakshi Dinesh,
M.Com, SLET
Associate Professor
Co - Ordinator
Dr. Janaki J,
M.Com.,M.Phil.,K-SET, Ph.D.
Associate Professor
Vision
- The Department of Commerce envisions imparting holistic education to students as individuals to empower them to take up responsible positions in life.
- The programmes aim to mould the character, leadership qualities, ethical values and social responsibility among commerce students while also imparting skills required for integrating into the society and acting as change agents.
Mission
Through the program, we strive to inculcate Empathy, Emotional Stability and Financial Independence in our students apart from gaining a grasp over the episteme of Commerce by specializing in International Accounting and Finance.
Program Matrix
1st Semester
| Sl. No. | Title of the Course | Category of Course | Teaching Hours (L + T + P) | CIE | SEE | Total Marks | Credits |
|---|---|---|---|---|---|---|---|
| 1 | Language – I (Advanced Functional Kannada/ Regular Kannada) | L-1(3) | 3+0+0 | 20 | 80 | 100 | 3 |
| 2 | Language – II (General English) | LE-1(3) | 3+0+0 | 20 | 80 | 100 | 3 |
| 3 | Financial Accounting Exemption paper | DSC 1(4) | 3+0+1 | 20 | 80 | 100 | 4 |
| 4 | Principles of Management Exemption paper | DSC 2(4) | 4+0+0 | 20 | 80 | 100 | 4 |
| 5 | Management Accounting Exemption paper | DSC 3(4) | 3+0+1 | 20 | 80 | 100 | 4 |
| 6 | BCSS | DSC 4(4) | 0+0+2 | 20 | 80 | 100 | 1 |
| 7 | Constitutional Values | CC-1(2) | – | 10 | 40 | 50 | 1 |
| 8 | Environmental Studies | CC-2(2) | – | 10 | 40 | 50 | 1 |
| Total Credits | 26 | ||||||
2nd Semester
| Sl. No. | Title of the Course | Category of Course | Teaching Hours (L + T + P) | CIE | SEE | Total Marks | Credits |
|---|---|---|---|---|---|---|---|
| 1 | Language – I (Kannada / Hindi / German / French / Sanskrit) | L-2 | 3+1+0 | 20 | 80 | 100 | 3 |
| 2 | Language – II (General English) | LE-2 | 3+1+0 | 20 | 80 | 100 | 3 |
| 3 | Quantitative Analysis | DSC 5 | 4+0+0 | 20 | 80 | 100 | 4 |
| 4 | Human Resource Management | DSC 6 | 3+0+2 | 20 | 80 | 100 | 4 |
| 5 | Performance Management Exemption paper | DSC 7 | 4+0+0 | 20 | 80 | 100 | 4 |
| 6 | Marketing Management | DSC 8 | 4+0+0 | 20 | 80 | 100 | 1 |
| Credits | 24 | ||||||
3rd Semester
| Sl. No. | Title of the Course | Category of Course | Teaching Hours (L + T + P) | CIE | SEE | Total Marks | Credits |
|---|---|---|---|---|---|---|---|
| 1 | Language – I (Kannada / Hindi / German / French / Sanskrit) | AECC-L1 | 3+1+0 | 20 | 80 | 100 | 3 |
| 2 | Language – II (General English) | AECC-L2 | 3+1+0 | 20 | 80 | 100 | 3 |
| 3 | Corporate Accounting | DSC 7 | 3+0+2 | 20 | 80 | 100 | 4 |
| 4 | Financial Reporting (ACCA) | DSC 8 | 3+0+2 | 20 | 80 | 100 | 4 |
| 5 | Audit and Assurance (ACCA) | DSC 9 | 3+0+2 | 20 | 80 | 100 | 4 |
| 6 | Open Elective | OEC-3 | 3+0+0 | 20 | 80 | 100 | 3 |
| 7 | Physical Education / Sports | SEC VB 5 | 0+0+2 | 25 | — | 25 | 1 |
| 8 | NCC / NSS / R&R (S&G) / Cultural | SEC VB 6 | 0+0+2 | 25 | — | 25 | 1 |
| Total Credits | 23 | ||||||
4th Semester
| Sl. No. | Course Code | Title of the Course | Category of Course | Teaching Hours (L + T + P) | CIE | SEE | Total Marks | Credits |
|---|---|---|---|---|---|---|---|---|
| 1 | Lang 4.3 | Language – I (Kannada / Hindi / German / French / Sanskrit) | AECC-L1 | 3+1+0 | 20 | 80 | 100 | 3 |
| 2 | Lang 4.3 | Language – II (General English) | AECC-L2 | 3+1+0 | 20 | 80 | 100 | 3 |
| 3 | DSC-12 (4) | Banking Theory and Practice | DSC 10 | 3+0+2 | 20 | 80 | 100 | 4 |
| 4 | DSC-13 (4) | Financial Markets and Services | DSC 11 | 3+0+2 | 20 | 80 | 100 | 4 |
| 5 | DSC-14 (4) | Financial Management (ACCA) | DSC 12 | 3+0+2 | 20 | 80 | 100 | 4 |
| 6 | DSE-2 (4) | Strategic Business Reporting (ACCA) | OEC-3 | 3+0+0 | 20 | 80 | 100 | 3 |
| 7 | SEC-2 (2) | Advanced Excel | SEC VB 7 | 0+0+2 | 25 | 25 | 50 | 1 |
| 8 | VACC-2 (1) | Value Added Credit Course | Value Added | – | 315 | 385 | 700 | 24 |
| Sub-Total (D) | 314 | 385 | 700 | 24 | ||||
5th Semester
| Sl. No. | Course Code | Title of the Course | Teaching Hours (L + T + P) | CIE | SEE | Total Marks | Credits |
|---|---|---|---|---|---|---|---|
| 1 | DSC-15 (4) | Taxation – I | 3+1+0 | 20 | 80 | 100 | 4 |
| 2 | DSC-16 (4) | Strategic Business Leadership (ACCA) | 3+0+1 | 20 | 80 | 100 | 4 |
| 3 | DSC-17 (4) | Advance Financial Management – I (ACCA) | 3+1+0 | 20 | 80 | 100 | 4 |
| 4 | DSC-18 (4) | Advance Audit and Assurance – I (ACCA) | 3+0+1 | 20 | 80 | 100 | 4 |
| 5 | RM (4) | Research Methodology | 3+0+1 | 20 | 80 | 100 | 4 |
| 6 | RP (4) | Survey Project | 3+0+1 | – | – | 100 | 4 |
| Total Credits | 24 | ||||||
6th Semester
| Sl. No. | Course Code | Title of the Course | Teaching Hours (L + T + P) | CIE | SEE | Total Marks | Credits |
|---|---|---|---|---|---|---|---|
| 1 | DSC-19 (4) | Corporate and Business Law | 3+0+1 | 20 | 80 | 100 | 4 |
| 2 | DSC-20 (4) | Business Analytics | 3+0+1 | – | – | – | 4 |
| 3 | DSC-21 (4) | Advance Audit and Assurance – II (ACCA) | 3+0+1 | 20 | 80 | 100 | 4 |
| 4 | DSC-22 (4) | Advance Financial Management – II (ACCA) | 3+0+1 | 20 | 80 | 100 | 4 |
| 5 | DSC-23 (4) | Taxation – II | 3+0+1 | 20 | 80 | 100 | 4 |
| 6 | INT (4) | Internship | – | – | – | 100 | 4 |
| Total Credits | 24 | ||||||
Highlights
Higlights of the Course
- Dual qualification on completion of B.Com papers with ACCA papers
- Globally recognized qualification.
- Additional Diploma qualification offered by the ACCA can be obtained.
- 6 papers exemption out of the Total 13 papers.
- Industry relevant papers.
- Professionally qualified faculty to teach ACCA papers on Campus.
- Online ACCA Examination.
- Case study based examination.
- Flexibility in writing the ACCA exams. Can be attempted 4 times in a year.
- Study Support from ISDC (International Skills Development Corporation)
- Placement Support from ISDC
- Special Recognition from ISDC for outstanding students.
- Provides skills and knowledge relevant to any business
- Strong focus on Professional Values, ethics and governance.
Programme Outcome
| PO 1 | Enhance strong communication skills through knowledge of Commerce concepts in various specialized areas. |
|---|---|
| PO 2 | Enable practical application of various tools and techniques into business for accountability and decision making. |
| PO 3 | Knowledge of Domestic and International Law to develop strategic policies in business. |
| PO 4 | Understanding objectives and functioning of various institutions, instruments and operations undertaken by financial bodies. |
| PO 5 | Inculcate entrepreneurial culture through knowledge of resource management, risk sharing, cost control techniques, ethics and social responsibility towards environment and society at large. |
| PO 6 | Demonstrate knowledge of theories, concepts and findings of specializations. |
| PO 7 | Setting a base towards profession course in accounts and finance globally. |
Evaluation Pattern
- Each course will be evaluated for a maximum of 100 marks comprising of two components namely Continuous Internal Exam (CIE) and Semester End Examination(SEE). The weightage for CIE and SEE is in the ratio of 20:80.
- The Semester End Examination will be for 80 marks per course and Continuous Internal Assessment will be for 20 Marks respectively.
CIE Components
| TEST I | 10 Marks |
| Assignment – I (Seminar / Presentation) | 10 Marks |
| Total | 20 Marks |
| C2 : SEE | 80 Marks |
| C1 + C2 Component Total | 100 Marks |
|---|
Objectives
- To enable strategic thinking and strengthen analytical behaviour.
- To give an insight into the various Functional areas of Business.
- To provide a Global view of the Macro Environment influencing business decisions.
- To impart skills that will be useful in taking decisions and Managing Business.
- To develop one’s Personality and make them Responsible Citizens with greater awareness about Business, Society and Ethics in Business.
- To impart required Computer Skills to keep pace with the adaptation of Technology in Business.
