About the Department
The department of B. Voc in business accounting and taxation was established in the year 2020 which is focused on providing adequate skills for a candidate to have the relevant skills relating to the profession. It aims to train students to develop interdisciplinary skills and gain a deep understanding of technical and applied knowledge in accounting and taxation. Also, the department boasts a rich knowledge pool of faculty and has modern facilities for teaching, learning and research.
Business accounting and taxation program is an intensive program, designed in consultation with industry experts with focus to help students to become an industry- ready accounting professional. Through this program, the student can master the most in-demand tools for a high-preforming accounting career and get practical and experimental learning, along with soft skills training and career services. The course is different from traditional academic programmes as its deals more with application-based studies rather than focusing on only theoretical knowledge. In addition, to ensure that students are up-to-date with trends and changes, the department periodically conducts workshops on the latest topics like social entrepreneurship. Financial management of derivatives and bitcoins etc.
Currently the department offers a bachelor programme in business accounting and taxation along with lecture-based and hands-on practical learning environments where students can develop and apply their skills to complex, real world consulting problems. Faculty members in the department possess the diverse skills set needed for this emerging discipline. Thus, the department of B.Voc business accounting and taxation strives to shape highly trained, qualified accountants who can go on to pursue careers in industry, government or research with ethical and human values.
Email- bvocca@macollege.in
Vision
To make a significant participation in accelerating India’s economy by gaining suitable employment, becoming entrepreneurs and creating appropriate knowledge.
Mission
· To provide judicious mix of skills relating to a profession and appropriate content of general education.
· To equip the students for multiple Job roles in the industry and also in the allied sectors.
· To enhance proficiency in common communication.
Message from the HOD
Dear friends and parents,
Heartiest greetings!
“An investment in knowledge pays the best interest” -Benjamin Franklin
In the light of Benjamin Franklin words, I am delighted to welcome you all to the department of B.Voc in business accounting and taxation. We started our journey in the year 2020, with the objective to train students to develop interdisciplinary skills and gain a dep understanding of technical and applied knowledge in accounting and taxation
Accountancy profession will never antiquate as long as money and business exist. The area of accounting always remains in demand as it is the cornerstone of every business entity. Accounting, finance and taxation is a very zestful and applied occupation. There are constant changes and up gradation in this practice. Therefore, professionals in pursuit of these careers need to constantly update themselves. At present, there is a huge demand supply gap for sure in finance education. India is reinventing itself with the introduction of hundreds of new laws such as GST, IFRS, Digital accounting, SEBI changes, rating changes and many more. The financial instruments have witnessed changed substantially, and therefore there is a discernible gap. That apart, the advent of new business models by start-ups such as Swiggy, Dunzo, Practo, Amazon and so on do not follow just the traditional practices. Having said that, we need a large number of credible and skilled accountants to give the market a boost.
B.Voc or Bachelor of Vocational studies or simply Bachelor of Vocation is a new ages method of education. It is a 3-year undergraduate course to improve the skills and employability of the candidates. This type of course not only concentrate on the theoretical knowledge of the candidates, but also focusses to sharpen the skills and expertise of the candidates through its practical way of training.
The University Grants Commission (UGC) has launched a scheme on skills development based higher education as part of college/university education, leading to Bachelor of Vocation (B.Voc) Degree with multiple exits such as Diploma/Advanced Diploma under the NSQF (National skill Qualification’s framework). The B. Voc programme is focused on universities and colleges providing undergraduate studies which would also incorporate specific job roles along with broad based general education. This would enable the graduates completing B.Voc to make a meaningful participation in accelerating India’s economy by gaining appropriate employment, becoming entrepreneurs and creating appropriate knowledge.
Vocational or skill-based education is becoming increasingly significant with time. The three-year undergraduate programme is different from traditional academic programmes as it focuses on application-based studies rather than theoretical knowledge. One of the biggest advantage of pursuing a B.Voc as compared to common degree courses is that a candidate has continued industry exposure and multiple exit points during the programme. Apart from this the work experience students got during the course increases their chances of getting a job.
The demand for accountants in India has been on a rise. This is mainly because more businesses are being established and the government has been making policies and regulations to monitor the market. As of March 2018, over 1.03 crore taxpayers have registered in GST regime. However, there are not many professional to guide these taxpayers. There is an immediate need to tap the talent and skill them in advanced tax calculations. Training in Artificial Intelligence to participate in the growing automation of auditing process is needed. Internships as an accountant help in cementing working knowledge and adding authority to your resume. Knowledge of application software such as QuickBooks, Tally or Microsoft Excel is indispensable to reconcile new age imperatives with existing competencies.
Accountants, today, may require additional competencies because of the expansion of digitization to every sphere of business. Further, accounting helps a business, venture or nation plan, control and executes their budgets and expenditures, forecast revenues or turnovers, purchase new assets or take on new liabilities monitor financial health, take decisions with regard to personnel hiring or recruitment and regulate growth in the economy. Considering the vital importance of accounting work to trade, commerce and government, there is no wonder that accounting jobs never lose their significance.
Business Accounting and Taxation program is an intensive program, designed in consultation with Industry experts with a focus to help students to become an Industry-ready accounting professional. Through this program, the student can master the most in-demand tools for a high-performing accounting career and get practical and experiential learning, along with soft skills training and Career Services.
I invite you to join us and discover the fascinating world of accounting and taxation in this vibrant institution by interacting with leading academics and professionals.
Thank you for visiting us.
Miss. Joslin Jose
Programmes Offered
· B.Voc Business Accounting & Taxation
Programme Overview:
The University Grants Commission (UGC), which comes under the Ministry of Human Resources and Development (MHRD), Government of India, launched the B. Voc. Program in February 2014 to offer NSQF- aligned vocational courses as part of college or university education. The proposed vocational program in Business Accounting & Taxation will be a judicious mix of skills, professional education related to accounting and taxation.
The vocational programme in Business Accounting & Taxation will be a judicious mix of skills, professional education related to Accounting and Taxation and also appropriate content of general education. It is designed with the objective of equipping the students to cope with the emerging trends and challenges in the field of Business Accounting & Taxation. Business Accounting and Taxation program is an intensive program, designed in consultation with Industry experts with a focus to help students to become an Industry-ready accounting professional. Through this program, the student can master the most in-demand tools for a high-performing accounting career and get practical and experiential learning, along with soft skills training and Career Services.
· Provide judicious mix of skills relating to a profession and appropriate content of general education.
· To ensure that the students have adequate knowledge and skills, so that they are work ready at each exit point of the programme.
· To provide flexibility to students by means of pre-defined entry and multiple exit points.
· To integrate NSQF within the undergraduate level of higher education in order to enhance employability of the graduates To and meet industry requirements. Such graduates apart from meeting the needs of local and national industry are also expected to be equipped to become part of the global workforce.
· To provide vertical mobility to students coming out of: 10+2 with vocational subjects, Community Colleges
Eligibility for Admission
Eligibility for admissions and reservation of seats for B.Voc Business Accounting And Taxation shall be according to the rules that no student shall be eligible for admission to B.Voc Business Accounting And Taxation unless he/she has successfully completed the examination conducted by a Board/ University at the +2 level of schooling in Commerce stream. The total no. of seats allotted is 30.
Nature of the Course
a) No open course is envisaged
b) No Electives are included
c) Total credits is 180
d) Working hours per week is 25 hours
e) All vocational subjects are treated as core course.
f) Multiple exit points are permitted.
A candidate who failed in a semester may get two supplementary chances. Only failed papers are to be written in the supplementary examination
Program structure
Programme: A Programme refers to the entire course of study and examinations for the award of the B. Voc degree.
Semester: A term consisting of a minimum of 450 contact hours distributed over 90 working days, inclusive of examination days, within 18 five- day academic weeks.
Course: Refers to the conventional paper, which is portion of the subject matter to be covered in a semester. A semester shall contain many such courses from general and skill development areas.
Credit: B. Voc programme follows a credit semester system and each Course has an associated credit.
Grade: Uses seven-point grading system suggested by Hrdayakumari Commission to assess the students.
Curricular Aspects and Level of Awards
|
Awards |
Duration |
|
Certificate |
6 Months |
|
Diploma |
2 Semesters (after 1st year) |
|
Advanced Diploma |
4 Semesters (after 2nd year) |
|
Degree |
6 Semesters |
