Commerce students learn ‘outdated accountancy’, courtesy faulty syllabus

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Pardeep Singh Bali

Notwithstanding the tall claims of the education department, especially higher education of setting high standards of education in the state, the students of Commerce stream in Jammu are allegedly forced to learn outdated accountancy.

As per sources, since 2012 university did not bother to amend the accountancy syllabus of Advanced Financial Accounting 2nd Semester for Bachelor in Commerce B.Com (Honours), which is based on old Schedule VI of Companies Act 1956, and got some modifications by Central Government pertaining to preparation of Balance Sheet and Profit and Loss (P&L) account.

“Jammu University is unaware that Schedule VI, which is still in the syllabus, has been revised by the central government on 28th February 2011 and renumbered as schedule III in Companies Act 2013 enforced w.e.f. 1.4.2014,” the sources said.

They added that keeping rapid industrial growth in mind and major change financial sector, the Companies Act 1956 had been replaced with Schedule III and later the whole company act was replaced with much advance Companies Act 2013 and subsequently CBSE & ISCE Boards revised their syllabi contents of accountancy but the University not bother to look into the new recommendations of Company Act.

“More than 55% of the syllabus, dealing with preparation of Balance Sheet, Profit and Loss (P&L), Financial Statement of a company and managing profit account is irrelevant and outdated in present scenario,” sources claimed.

“Every subject need yearly revision but Commerce is only subject where the terminology and nomenclature change almost every financial year,” he said.

“University is playing with the careers of the students of Jammu and Kashmir. The teachers are compelled to teach the outdated syllabus whereas on the other hand other universities and boards have already incorporated schedule III and the Companies Act 2013 in its syllabus,” said an Accountancy teacher.

He added that seeking modification in the syllabus of Advanced Financial Accounting 2nd Semester for B.Com (Hons) a representation has already submitted to Prof. R.D. Sharma Vice-Chancellor University of Jammu, but till date no development has been made in this regard.

However, Jammu University authorities did not respond to repeated phone calls.

 

 

 

 

 

 

 

 

 

 

 

Travesty of time! A cop of Jammu Kashmir Police is driving bike without crash helmet while a child is selling sun shades with officials of Government of India passing-by in an official vehicle.

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