Comprehensive Curriculum Structure for the Accounting Program
The curriculum at The Institute Of Chartered Financial Analysts Of India University Ranchi is meticulously designed to provide students with a robust foundation in accounting principles while fostering innovation and practical application. The program spans three years, with each semester carefully structured to build upon previous knowledge and introduce new concepts progressively.
| Year | Semester | Course Code | Course Title | Credit Structure (L-T-P-C) | Pre-requisites |
|---|---|---|---|---|---|
| I | I | ACC-101 | Financial Accounting I | 3-0-0-3 | - |
| ACC-102 | Cost Accounting I | 3-0-0-3 | - | ||
| ACC-103 | Business Mathematics | 3-0-0-3 | - | ||
| ACC-104 | Introduction to Statistics | 3-0-0-3 | - | ||
| II | ACC-201 | Financial Accounting II | 3-0-0-3 | ACC-101, ACC-102 | |
| ACC-202 | Management Accounting | 3-0-0-3 | ACC-101, ACC-102 | ||
| ACC-203 | Taxation I | 3-0-0-3 | - | ||
| ACC-204 | Business Law and Ethics | 3-0-0-3 | - | ||
| III | ACC-301 | Financial Reporting Standards | 3-0-0-3 | ACC-201, ACC-202 | |
| ACC-302 | Auditing and Assurance | 3-0-0-3 | ACC-201, ACC-202 | ||
| ACC-303 | Taxation II | 3-0-0-3 | ACC-203 | ||
| ACC-304 | Financial Analysis and Decision Making | 3-0-0-3 | ACC-103, ACC-104 | ||
| II | IV | ACC-401 | Advanced Financial Reporting | 3-0-0-3 | ACC-301, ACC-302 |
| ACC-402 | Corporate Governance and Ethics | 3-0-0-3 | ACC-201, ACC-202 | ||
| ACC-403 | International Financial Reporting | 3-0-0-3 | ACC-301 | ||
| ACC-404 | Research Methodology and Data Analytics | 3-0-0-3 | ACC-104 | ||
| V | ACC-501 | Risk Management | 3-0-0-3 | ACC-301, ACC-302 | |
| ACC-502 | Forensic Accounting | 3-0-0-3 | ACC-201, ACC-202 | ||
| ACC-503 | Financial Modeling and Valuation | 3-0-0-3 | ACC-304 | ||
| ACC-504 | Sustainable Accounting Practices | 3-0-0-3 | ACC-301, ACC-302 | ||
| VI | ACC-601 | Industry Internship | 0-0-6-3 | ACC-501, ACC-502, ACC-503, ACC-504 | |
| ACC-602 | Final Year Project/Thesis | 0-0-8-6 | All previous courses | ||
| ACC-603 | Professional Practice and Ethics | 3-0-0-3 | ACC-201, ACC-202 | ||
| ACC-604 | Capstone Seminar | 3-0-0-3 | All previous courses |
The curriculum structure reflects our commitment to providing students with a comprehensive understanding of accounting principles while emphasizing practical application and innovation. The credit structure is designed to balance theoretical learning with hands-on experience, ensuring that students are well-prepared for professional practice.
Advanced Departmental Elective Courses
Advanced departmental electives at The Institute Of Chartered Financial Analysts Of India University Ranchi offer specialized knowledge and skills in emerging areas of accounting. These courses are designed to provide students with cutting-edge insights and practical tools that align with industry trends and future demands.
Financial Reporting Standards
This course provides an in-depth exploration of international financial reporting standards (IFRS) and their application in various business contexts. Students will examine the conceptual framework of IFRS, understand the preparation of consolidated financial statements, and analyze the impact of accounting standards on financial decision-making. The course emphasizes practical implementation through case studies and real-world examples.
Auditing and Assurance
The auditing course covers both internal and external audit processes, focusing on risk assessment, audit planning, and evidence gathering techniques. Students will learn about audit frameworks, professional ethics in auditing, and the role of auditors in corporate governance. The course includes practical exercises that simulate real-world audit scenarios.
International Financial Reporting
This course explores the complexities of financial reporting across different jurisdictions and regulatory environments. Students will examine the convergence of accounting standards globally and analyze the challenges faced by multinational corporations in maintaining compliance with diverse reporting requirements. The course emphasizes cross-cultural considerations in financial communication.
Risk Management
The risk management course provides students with tools and techniques for identifying, assessing, and mitigating financial risks. Topics include market risk, credit risk, operational risk, and enterprise risk management frameworks. Students will learn to apply quantitative methods for risk measurement and develop strategies for risk mitigation.
Forensic Accounting
This specialized course focuses on the application of accounting principles in legal proceedings and fraud detection. Students will learn investigative techniques, understand legal procedures, and develop skills in expert testimony. The course includes hands-on exercises that simulate forensic investigations.
Financial Modeling and Valuation
The financial modeling course teaches students to build complex models for valuation purposes, using advanced Excel techniques and financial software. Students will learn to analyze business performance, project cash flows, and value companies under various scenarios. The course emphasizes practical application through case studies and real-world projects.
Sustainable Accounting Practices
This course explores the integration of environmental, social, and governance (ESG) factors into financial reporting and decision-making processes. Students will examine sustainability frameworks, understand ESG disclosure requirements, and learn to measure and report on non-financial performance indicators. The course emphasizes practical implementation through real-world examples.
Corporate Governance and Ethics
The corporate governance course examines the principles and practices of good governance in corporations. Students will explore board structures, executive compensation, shareholder rights, and ethical decision-making processes. The course includes case studies that highlight governance failures and successful governance practices.
Data Analytics for Financial Decision Making
This course focuses on leveraging data analytics tools for financial analysis and decision-making. Students will learn to use statistical software, machine learning techniques, and predictive modeling to extract insights from financial data. The course emphasizes practical application through hands-on projects and real-world datasets.
Advanced Taxation
The advanced taxation course covers complex tax planning strategies, international tax considerations, and recent developments in tax legislation. Students will examine corporate tax structures, transfer pricing regulations, and tax compliance requirements. The course includes case studies that reflect current tax challenges faced by businesses.
Financial Statement Analysis
This course provides students with advanced techniques for analyzing financial statements to make informed investment and business decisions. Topics include ratio analysis, trend analysis, and industry benchmarking. Students will learn to identify red flags in financial reporting and assess the quality of earnings.
Advanced Auditing Techniques
The advanced auditing course delves into specialized auditing techniques for complex environments such as government entities, non-profit organizations, and multinational corporations. Students will learn about audit software, data analytics in auditing, and emerging risks in auditing practice. The course emphasizes practical application through simulations.
Business Intelligence and Financial Analytics
This course explores the use of business intelligence tools for financial decision-making. Students will learn to design dashboards, create reports, and interpret financial data using modern analytical tools. The course emphasizes real-world applications in corporate environments.
Financial Risk Management
The financial risk management course provides comprehensive coverage of risk measurement techniques and risk management frameworks. Students will learn about derivatives, hedging strategies, and risk capital models. The course includes practical exercises that simulate risk management scenarios.
Advanced Financial Reporting and Analysis
This advanced course builds on foundational reporting concepts to provide students with sophisticated analytical tools for financial decision-making. Topics include consolidated financial statements, segment reporting, and financial modeling techniques. Students will apply advanced analytical methods to real-world business cases.
Project-Based Learning Philosophy
The department's philosophy on project-based learning is rooted in the belief that practical application enhances theoretical understanding and prepares students for professional practice. Our approach emphasizes collaborative learning, real-world problem-solving, and the development of critical thinking skills.
Mini-Projects Structure
Mini-projects are integrated throughout the curriculum to provide students with opportunities to apply their knowledge in practical settings. These projects typically last 6-8 weeks and focus on specific accounting challenges or research questions. Students work in teams to develop solutions, present findings, and receive feedback from faculty mentors.
Final-Year Thesis/Capstone Project
The final-year thesis or capstone project represents the culmination of students' academic journey. This comprehensive project requires students to conduct original research or solve a complex accounting problem in collaboration with industry partners or faculty members. The project is designed to demonstrate mastery of accounting principles and application of advanced analytical techniques.
Evaluation Criteria
Projects are evaluated based on multiple criteria including technical competency, creativity, presentation skills, and contribution to the field of accounting. Faculty mentors provide ongoing guidance throughout the project process, ensuring that students develop both technical and professional skills.
Project Selection Process
Students select projects through a structured process that considers their interests, academic strengths, and career aspirations. Faculty mentors are assigned based on their expertise in relevant areas, ensuring that students receive appropriate guidance throughout their project journey.