Accounting and Finance are core functions of a business organisation. But with the advent of technology, contemporary accountants are no longer the number crunchers that they were pictured to be and Finance is much more than just managing money. Digitised accounting has made it easy for accountants to perform tax preparation services, statistical analysis and forecast modelling much more efficiently. Technology has dramatically improved accuracy in the accounting and finance fields and reduced the margin of error but has also provoked problems of cybercrimes and digital hacking. Introduction of secure financial technologies like block-chain and crypto-currencies, or electronic payment systems are meant to address these issues and will further drive the use of digital technologies in financial intermediation and financial markets. In fact, these are times of massive change in the accounting and financial space.
The major in Accounting and Finance is a response to this highly evolving backdrop. The major aims to prepare graduates who understand both the accounting and finance functions deeply. A two pronged approach to the curriculum is desirable - on one hand it is anchored by the key fundamentals of finance and introduction to new financial techniques and on the other it, will enable the students to create a comprehensive knowledge of contemporary Accounting techniques like forensic accounting. It also trains in the use of analytical tools in making financial decisions in firms, institutions providing financial services, and the financial system at large. It will help students to understand how organisations finance their activities and what accounting practices they follow to track the monetary transactions. A broad understanding of these aspects would be facilitated through the inclusion of different dimensions of Accounting and Finance like financial accounting, decision making through cost accounting techniques, application of relevant tax laws, contemporary developments in financial reporting and auditing, techniques in financial management, investment analysis, issues in corporate finance, structure and operation of financial markets and services. Overall, it aims to provide a blend of the theory of Accounting and Finance through practical application and relevant case studies within the corporate space.
On completion of this major, the student will be able to:
A major with a combination of Accounting and Finance is recognised worldwide for enhancing the critical as well as the analytical capacities for students. Those planning for career in industry, commerce and financial services will find career opportunities in banking, insurance, taxation, treasury, and financial management. Students can also pursue additional professional qualifications in the Accounting and Finance area like Association of Chartered Certified Accountants (ACCA), Cost and Management Accountant (CMA), Certified Public Accounting (CPA), Certified Financial Planning (CFP), Chartered Financial Analyst, Chartered Accountancy among many others.