Comprehensive Curriculum Structure
The Accounting program at The Institute Of Chartered Financial Analysts Of India University Aizawl is designed to provide students with a comprehensive understanding of financial principles and practices. The curriculum spans three years, with each year building upon the previous one to ensure a progressive learning experience.
| Semester | Course Code | Course Title | Credit Structure (L-T-P-C) | Prerequisites |
|---|---|---|---|---|
| 1 | ACC101 | Principles of Accounting | 3-1-0-4 | None |
| 1 | BMS101 | Business Mathematics | 3-0-0-3 | None |
| 1 | BIS101 | Introduction to Financial Institutions | 3-0-0-3 | None |
| 1 | ENG101 | English Communication Skills | 2-0-0-2 | None |
| 1 | PHYS101 | Physics for Engineers | 3-1-0-4 | None |
| 1 | CHEM101 | Chemistry for Engineers | 3-1-0-4 | None |
| 2 | ACC201 | Financial Accounting I | 3-1-0-4 | ACC101 |
| 2 | ACC202 | Cost Accounting | 3-1-0-4 | ACC101 |
| 2 | FIN201 | Financial Management | 3-1-0-4 | BMS101 |
| 2 | ECON201 | Microeconomics | 3-0-0-3 | None |
| 2 | STAT201 | Statistics for Business | 3-0-0-3 | BMS101 |
| 2 | LAW201 | Business Law | 3-0-0-3 | None |
| 3 | ACC301 | Financial Accounting II | 3-1-0-4 | ACC201 |
| 3 | ACC302 | Taxation | 3-1-0-4 | ACC201 |
| 3 | ACC303 | Auditing | 3-1-0-4 | ACC201 |
| 3 | ACC304 | Management Accounting | 3-1-0-4 | ACC202 |
| 3 | FIN301 | Investment Analysis | 3-1-0-4 | FIN201 |
| 3 | ECON301 | Macroeconomics | 3-0-0-3 | ECON201 |
| 4 | ACC401 | Advanced Financial Accounting | 3-1-0-4 | ACC301 |
| 4 | ACC402 | International Financial Reporting Standards | 3-1-0-4 | ACC301 |
| 4 | ACC403 | Forensic Accounting | 3-1-0-4 | ACC303 |
| 4 | ACC404 | Corporate Governance and Ethics | 3-1-0-4 | ACC201 |
| 4 | FIN401 | Risk Management | 3-1-0-4 | FIN201 |
| 4 | ACC405 | Sustainability Reporting | 3-1-0-4 | ACC301 |
| 5 | ACC501 | Financial Statement Analysis | 3-1-0-4 | ACC401 |
| 5 | ACC502 | Advanced Auditing | 3-1-0-4 | ACC303 |
| 5 | ACC503 | Behavioral Finance | 3-1-0-4 | FIN201 |
| 5 | ACC504 | Data Analytics for Accountants | 3-1-0-4 | STAT201 |
| 5 | FIN501 | Derivatives and Risk Management | 3-1-0-4 | FIN401 |
| 5 | ACC505 | Accounting Information Systems | 3-1-0-4 | ACC201 |
| 6 | ACC601 | Research Methodology | 2-0-0-2 | None |
| 6 | ACC602 | Internship | 3-0-0-3 | None |
| 6 | ACC603 | Capstone Project | 4-0-0-4 | ACC501 |
| 6 | ACC604 | Elective I | 3-0-0-3 | None |
| 6 | ACC605 | Elective II | 3-0-0-3 | None |
| 6 | ACC606 | Elective III | 3-0-0-3 |
Detailed Course Descriptions
The department's philosophy on project-based learning is rooted in the belief that students learn best when they can apply theoretical concepts to real-world scenarios. This approach ensures that students develop critical thinking skills and gain practical experience that will serve them well in their careers.
Mini-projects are assigned at regular intervals throughout the program, with each project designed to reinforce specific learning objectives. The projects typically involve analyzing financial data, preparing reports, or solving complex accounting problems. Students work individually or in small groups, allowing them to develop both independent and collaborative skills.
The final-year thesis/capstone project is a comprehensive endeavor that allows students to demonstrate their mastery of the subject matter. Students select topics relevant to current issues in accounting and work closely with faculty mentors throughout the process. The project involves extensive research, data analysis, and presentation skills development.
Students select projects based on their interests and career aspirations, with guidance from faculty advisors who help match students with appropriate research topics and methodologies. The selection process ensures that each student's project aligns with their academic goals and professional development needs.
Advanced Departmental Elective Courses
The Advanced Financial Accounting course is designed to provide students with in-depth knowledge of complex accounting principles and practices. This course covers advanced topics such as consolidation, segment reporting, and accounting for business combinations. Students learn to analyze financial statements of large multinational corporations and understand the implications of different accounting standards.
The International Financial Reporting Standards (IFRS) course focuses on the global accounting framework used by companies in over 140 countries. Students explore the differences between IFRS and local accounting standards, understand the implementation process, and learn how to prepare financial statements under IFRS. This course is particularly relevant for students interested in working with multinational corporations or pursuing careers in international accounting.
The Forensic Accounting course equips students with the skills necessary to investigate financial crimes and disputes. Students learn about fraud detection techniques, evidence gathering procedures, and expert testimony. The course includes case studies of real financial crimes and emphasizes the ethical aspects of forensic accounting work.
The Corporate Governance and Ethics course examines the principles and practices of corporate governance, including board structure, shareholder rights, and executive compensation. Students also explore ethical dilemmas in business and learn how to navigate complex regulatory environments. This course is essential for students aiming to work in corporate finance or regulatory compliance roles.
The Risk Management course introduces students to various financial risks and tools used to manage them. Topics include market risk, credit risk, operational risk, and liquidity risk. Students learn about derivatives, hedging strategies, and risk measurement techniques. The course emphasizes practical applications through case studies and simulations.
The Sustainability Reporting course addresses the growing importance of environmental, social, and governance (ESG) factors in financial reporting. Students learn how to integrate sustainability metrics into traditional accounting frameworks and understand the impact of ESG on financial performance. This course prepares students for careers in sustainable finance or corporate sustainability roles.
The Financial Statement Analysis course focuses on techniques used to evaluate a company's financial health and performance. Students learn to analyze financial statements, assess creditworthiness, and make investment decisions based on financial data. The course includes practical exercises using real-world financial reports from various industries.
The Advanced Auditing course builds upon foundational auditing concepts by introducing students to more complex auditing procedures and techniques. Students learn about audit planning, internal control evaluation, and fraud detection. The course emphasizes the importance of independence and professional skepticism in auditing practice.
The Behavioral Finance course explores how psychological factors influence financial decision-making. Students examine cognitive biases, heuristics, and market anomalies that affect investment behavior. This interdisciplinary approach combines insights from psychology and finance to provide a comprehensive understanding of market dynamics.
The Data Analytics for Accountants course introduces students to modern data analysis tools and techniques used in accounting. Students learn to use software such as Python, R, and SQL to analyze financial data and generate meaningful insights. The course emphasizes the application of data analytics in audit procedures, fraud detection, and financial forecasting.
The Accounting Information Systems course covers the design and implementation of accounting information systems. Students learn about database management, system development life cycle, and internal controls in accounting systems. The course prepares students for roles in IT auditing or system implementation in accounting departments.
The Derivatives and Risk Management course provides students with a comprehensive understanding of financial derivatives and their applications in risk management. Topics include options, futures, swaps, and other derivatives instruments. Students learn to price derivatives using various models and apply them to real-world risk management scenarios.
The Tax Planning and Strategy course focuses on advanced tax planning techniques and strategies for individuals and corporations. Students learn about tax legislation, compliance requirements, and optimization strategies. The course emphasizes practical applications through case studies of complex tax situations.
The Fraud Examination course is designed to provide students with a comprehensive understanding of fraud detection and investigation techniques. Students learn about different types of fraud, including asset misappropriation, financial statement fraud, and corruption. The course includes hands-on exercises in evidence gathering and report writing.
The International Taxation course examines the tax implications of international business transactions. Students explore transfer pricing rules, tax treaties, and double taxation issues. The course prepares students for careers in multinational tax planning or compliance roles.
The ESG Integration in Financial Statements course focuses on how environmental, social, and governance factors are integrated into financial reporting. Students learn about sustainability metrics, materiality assessments, and disclosure requirements. The course emphasizes the importance of transparency and accountability in sustainable business practices.