Accounting is a system for measuring and summarising business activities, interpreting financial information and communicating the results to management and other stakeholders to help them make better business decisions. Digital technology allows accountants to perform tax preparation services, statistical analysis and forecast modelling much more efficiently. Thus, in addition to being knowledgeable in accounting practices, an accounting professional needs to be a skilled communicator, able to ethically apply accounting processes and to integrate these processes with computerised accounting technology. The paradigm shift in the field of Accounting necessitates a change in the traditional curriculum that focuses only on individual branches of accounting and lacks a multidisciplinary approach interweaving these courses with the other functional areas of management.
The major in Accounting is designed to develop a strong foundation in important aspects of any business’s operations by creating a theoretical framework to understand the importance and applicability of accounting principles and practices. It will enable students to create a comprehensive knowledge base by exploring various aspects of a business entity, including nuances of financial accounting, application of relevant tax laws, cost accounting techniques and their application for the purpose of management analysis, cost control and decision making. This major will also help students to develop a broad understanding of different dimensions of finance, including financial management, banking, and the structure and operation of financial markets and services. Students will be exposed to contemporary developments in financial reporting like the need of mandate corporate governance for corporate ethics, CARO in auditing, the adoption of IFRS in India, emergence of forensic accounting and deciphering misreporting of financial statements.
On completion of this major, the student will be able to:
The major aims to prepare students for meaningful employment in the field of Accounting. The undergraduate programme at Ahmedabad University will also enable students to pursue professional qualifications like Association of Chartered Certified Accountants (ACCA), Cost and Management Accountant (CMA), Certified Public Accounting (CPA), Certified Financial Planning (CFP), Chartered Financial Analyst, and Chartered Accountancy, among many others.