The Department of Accountancy is the largest Department with seven members and a work load of 135 lectures per week.Out of the seven members, two members in the Department have Professional qualification (Chartered accountant) which is the highest qualification in the field of Accountancy. The average age of the Department members is less than 28 years which gives a perfect blend of experience, youth & enthusiasm. The results of the subjects covered by the Department in various graduate & post graduate programmes  has been always higher than the University average (Almost 98 % in TYBCom) The department has organised Various workshops/seminars (state/national level) / Guest Lecture as well as refresher course in accountancy over the years All the professional members are continuously undergoing professional upgradation by attending various seminars, workshop etc and by attending study circle meeting of the professional body. The Department  members are actively involved in paper presentation / publication at various International/ National / State Level Conferences/ Seminars.

Course

Intake

Duration ( In Years)

B.Com

2200

3  (Full Time)

Eligibility

(a) A candidate for being eligible for admission to the Bachelor of Commerce (Accountancy) degree course shall have passed XII std. Examination of the Maharashtra Board of Higher Secondary Education or its equivalent and secured not less than 50% marks in aggregate at first attempt (45% in case of reserved category).

(b) Every candidate admitted to the degree course in the constituent/affiliated college/recognized institution, conducting the course, shall have to register himself/herself with the University.

(Ref: Circular No.UG/395 of 2004, Dated 7th September, 2004) 

Syllabus

 Accountancy and financial management

          Semester I Semester II
Accounting standards   issued by ICAI and  Inventory valuation Accounting for incomplete records
Final Accounts (Manufacturing concern) Consignment  Accounts
Departmental Accounts Branch Accounts
Accounting for Hire Purchase Fire insurance claim

 

          Semester III Semester IV
Partnership final accounts Introduction to Company Accounts (Issue of Shares & Debenture – only theory)
Piecemeal Distribution Redemption of Preference shares
Amalgamation of Firms Redemption of Debentures
Conversion of a Firm into a Company Profits Prior to  Incorporation

Management Accounting & Auditing

          Semester III Semester IV
 Introduction to Management Accounting, Analysis and Interpretation of Financial Statements Introduction to Auditing
Ratio Analysis and Interpretation Audit Planning, procedure and Documentation
Working Capital Management Auditing Techniques and Internal Audit Introduction
Capital Budgeting Auditing Techniques : Vouching and Verification

Financial Accounting

          Semester V           Semester VI    
Amalgamation of companies Final Accounts of Co-operative Housing Societies
Capital Reduction and Internal Reconstruction Profit Prior to Incorporation
Personal Investment Account Valuation of goodwill and shares
Final Accounts of Companies Accounting for Translation of Foreign Currency Transaction
Introduction to IFRS Buyback of Equity Shares

Cost Accounting

          Semester V           Semester VI
Introduction to cost accounting Cost control Accounts
Material cost Contract Costing
Labour cost Process Costing
Overheads Introduction to Marginal Costing
Classification of Costs and Cost Sheets Introduction to Standard Costing
Reconciliation of Cost and Financial Accounts Some emerging concepts of Cost Accounting

Direct and Indirect Tax 

          Semester V     
Definitions
Basis of Charge
Income Exempted from Tax
Heads of income
Salaries
Interest on Securities
Income from House property
Profits & Gains of Business/Profession
Capital gain
Income from other sources
Deductions to be made in Computing total income
Computation of total income
          Semester VI
Service Tax
Maharashtra Value Added Tax

IAPM 

   Semester V                                Semester VI    
Time value of money Introduction to Investment and Portfolio Management
Securities market Portfolio mix
Spectrum of Investment or Investment Avenues Asset Allocation and Portfolio Design
Variables for investment Decisions Taxes and investments
Fundamental Analysis Evaluation of portfolio performance
Valuation of Equity Shares Investment Decisions, practical aspects

Departmental Activities

  • Use of LCD Projector and Mike System for smooth and effective conduct of lecture.
  • Problem Sheets are distributed well in advance so as to save time which can be used to solve more problems per topic.
  • Use of PPT for Theory topics wherever necessary.
  • Shared PPT for Theory Topic at SYBcom via Social Media.