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M-COM in Finance Taxation at Devaswom Board College, Thalayolaparambu
Kottayam, Kerala
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About the Specialization
What is Finance & Taxation at Devaswom Board College, Thalayolaparambu Kottayam?
This M.Com program in Finance & Taxation at Devaswom Board College, Kottayam, affiliated with Mahatma Gandhi University, focuses on equipping students with advanced knowledge and practical skills in financial management, accounting, and direct and indirect taxation. Rooted in the Indian financial and tax landscape, the program delves into complex corporate accounting, strategic financial reporting, and the intricacies of Income Tax and Goods and Service Tax (GST). Its curriculum is designed to meet the evolving demands of India''''s robust and regulated financial sector.
Who Should Apply?
This program is ideal for B.Com, BBA, or BBM graduates seeking entry into the finance and taxation domain in India. It also caters to aspiring financial analysts, tax consultants, corporate accountants, and finance managers who wish to specialize and deepen their understanding of Indian tax laws and financial regulations. Professionals looking to upskill or career changers transitioning into specialized finance and taxation roles will find the advanced curriculum highly beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles as tax consultants, financial analysts, corporate accountants, internal auditors, and GST practitioners. Entry-level salaries typically range from INR 3.5 Lakhs to 6 Lakhs annually, with significant growth potential reaching INR 10-15 Lakhs for experienced professionals in large Indian corporations or consulting firms. The program also aligns with the knowledge required for professional certifications like CA, CMA, and CS examinations.
Student Success Practices
Foundation Stage
Master Core Business Fundamentals- (Semester 1-2)
Focus rigorously on understanding the foundational concepts in management, economics, accounting, and quantitative techniques. Regularly review class notes, solve textbook problems, and participate in peer study groups to solidify understanding.
Tools & Resources
University library resources, NPTEL courses for foundational subjects, Investopedia for finance terms, Khan Academy for economics and statistics
Career Connection
A strong grasp of fundamentals is crucial for passing competitive exams for government jobs (e.g., banking, PSC) and excelling in initial corporate roles.
Develop Research and Analytical Skills- (Semester 1-2)
Engage actively in research methodology courses, practice data collection and analysis using tools like MS Excel or basic statistical software. Participate in small-scale departmental research projects or case study competitions.
Tools & Resources
SPSS tutorials, Google Scholar for academic papers, MGU e-resources, online courses on research methods from Coursera/edX
Career Connection
Essential for roles in business analysis, market research, and preparing for advanced academic pursuits or research-oriented positions.
Build a Professional Network through Events- (Semester 1-2)
Attend webinars, seminars, and guest lectures organized by the college or university related to commerce, finance, and taxation. Connect with faculty, senior students, and guest speakers on LinkedIn to start building a professional network.
Tools & Resources
LinkedIn, event announcements on college/university websites, professional body websites (e.g., ICAI, ICSI student chapters)
Career Connection
Early networking can open doors to mentorship, internship opportunities, and insights into industry trends and job markets in India.
Intermediate Stage
Specialize in Finance & Taxation Through Practical Application- (Semester 3-4)
Beyond theoretical understanding, work on practical case studies involving Indian Income Tax and GST calculations, corporate financial reporting, and tax planning scenarios. Use tax software simulations if available.
Tools & Resources
Income Tax Department website (incometax.gov.in), GST Portal (gst.gov.in), Tally software, advanced Excel for financial modeling, industry journals like ''''The Economic Times''''
Career Connection
Directly enhances skills for roles in tax advisory, corporate finance, and compliance, making graduates job-ready for Indian firms.
Pursue Internships and Live Projects- (Semester 3-4 (preferably during breaks))
Actively seek out internships with accounting firms, tax consultancies, banks, or the finance departments of companies in Kottayam or other major cities. Engage in live projects that offer exposure to real-world financial and taxation challenges.
Tools & Resources
College placement cell, online internship platforms (Internshala, Naukri), direct applications to local businesses
Career Connection
Provides invaluable hands-on experience, builds a professional resume, and often leads to pre-placement offers in the Indian job market.
Engage in Certification Courses and Workshops- (Semester 3-4)
Complement academic learning with short-term certification courses in areas like Tally ERP, Advanced Excel for Finance, GST Practitioner courses, or NISM certifications related to capital markets. Participate in financial modeling workshops.
Tools & Resources
NIIT, Tally Education, NISM Certifications, private training institutes, online platforms like Udemy/Coursera
Career Connection
Differentiates candidates in a competitive Indian job market by demonstrating specialized skills and industry relevance beyond the core curriculum.
Advanced Stage
Undertake a Comprehensive Research Project and Viva- (Semester 4)
Dedicate significant effort to the M.Com project (MCM 12). Choose a contemporary topic in Indian finance or taxation, conduct thorough research, apply analytical tools, and prepare a well-structured report. Practice for the viva voce.
Tools & Resources
Academic databases, MGU research guidelines, statistical software (SPSS/R), faculty mentorship
Career Connection
Develops critical thinking, independent research skills, and presentation abilities crucial for higher-level corporate roles or academic pursuits.
Focus on Placement Preparation and Interview Skills- (Semester 4)
Actively participate in campus placement drives, mock interviews, and group discussion sessions. Prepare a professional resume tailored to finance and taxation roles. Stay updated on current affairs, especially economic policies and budget announcements in India.
Tools & Resources
College placement cell, career counseling services, online interview preparation platforms, newspapers like ''''The Hindu'''' or ''''Business Standard''''
Career Connection
Maximizes chances of securing desirable placements in reputed Indian companies, banks, or consulting firms upon graduation.
Explore Professional Body Memberships and Exam Preparation- (Semester 4 and post-graduation)
Consider preparing for professional qualifications like Chartered Accountancy (CA), Cost and Management Accountancy (CMA), or Company Secretary (CS) exams, leveraging the strong foundation gained from M.Com. Join relevant student chapters of professional bodies.
Tools & Resources
Study materials for CA/CMA/CS, student forums of ICAI/ICMAI/ICSI, coaching centers
Career Connection
Opens pathways to highly respected and remunerative professional roles in India''''s finance and taxation sectors, offering advanced career growth.
Program Structure and Curriculum
Eligibility:
- A candidate should have passed B.Com/BBA/BBM Degree of Mahatma Gandhi University or an equivalent degree of any other University recognized by Mahatma Gandhi University.
Duration: 4 semesters / 2 years
Credits: 64 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 01 | Perspectives on Management | Core | 4 | Management Concepts and Evolution, Planning and Decision Making, Organizing and Staffing, Directing and Leading, Controlling and Coordination |
| MCM 02 | Research Methodology for Business | Core | 4 | Fundamentals of Business Research, Research Design and Hypothesis, Sampling and Data Collection Methods, Measurement and Scaling Techniques, Data Analysis and Report Writing |
| MCM 03 | Quantitative Techniques for Business | Core | 4 | Linear Programming and Applications, Transportation and Assignment Problems, Decision Theory and Game Theory, Network Analysis (PERT/CPM), Simulation and Queuing Theory |
| MCM 04 | Advanced Financial Accounting | Core | 4 | Accounting Standards and Practices, Partnership Accounts: Dissolution and Amalgamation, Company Accounts: Shares and Debentures, Amalgamation, Absorption and Reconstruction, Valuation of Shares and Goodwill |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 05 | Organizational Behaviour and Human Resource Management | Core | 4 | Foundations of Organizational Behaviour, Perception, Learning and Personality, Motivation, Leadership and Group Dynamics, Fundamentals of Human Resource Management, Recruitment, Selection, and Performance Management |
| MCM 06 | Marketing Management | Core | 4 | Core Concepts of Marketing, Market Segmentation, Targeting, Positioning, Product and Pricing Strategies, Promotion and Distribution Channels, Services Marketing and Digital Marketing |
| MCM 07 | Managerial Economics | Core | 4 | Demand and Supply Analysis, Production and Cost Analysis, Market Structures and Pricing Practices, Profit Management and Break-Even Analysis, Capital Budgeting and Investment Decisions |
| MCM 08 | Capital Market and Financial Services | Core | 4 | Indian Capital Market Structure, Stock Exchanges and SEBI, Financial Instruments and Derivatives, Merchant Banking and Mutual Funds, Lease Financing, Factoring and Forfaiting |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 09 | Strategic Management | Core | 4 | Strategic Management Process, Environmental Analysis and Scanning, Strategy Formulation and Implementation, Strategic Control and Evaluation, Corporate Governance and Ethics |
| MCM 10 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries and House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources |
| FCM 01 | Advanced Corporate Accounting | Elective | 4 | Corporate Restructuring and Mergers, Consolidated Financial Statements, Accounting for Amalgamation and Acquisition, Human Resource Accounting, Forensic Accounting and Investigative Audit |
| FCM 02 | Corporate Financial Reporting | Elective | 4 | Indian Accounting Standards (Ind AS), International Financial Reporting Standards (IFRS), Segment Reporting and Interim Reporting, Value Added Reporting and Social Responsibility Reporting, Financial Analysis and Interpretation of Reports |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 11 | International Business | Core | 4 | Theories of International Trade, Balance of Payments and Foreign Exchange Market, International Financial Institutions (IMF, World Bank), Global Marketing and Supply Chain Management, WTO and International Trade Agreements |
| FCM 03 | Direct Taxes Planning and Management | Elective | 4 | Concepts of Tax Planning and Tax Avoidance, Tax Planning for Individuals and HUF, Corporate Tax Planning and Incentives, Taxation of International Transactions, Transfer Pricing and Advance Ruling |
| FCM 04 | Goods and Service Tax (GST) | Elective | 4 | Introduction to GST and its Components, Levy and Collection of GST, Input Tax Credit and Eligibility, Valuation under GST and Place of Supply, GST Returns, Refunds, and Appeals |
| MCM 12 | Project and Viva Voce | Project | 4 | Problem Identification and Literature Review, Research Design and Methodology, Data Collection and Analysis, Report Writing and Documentation, Presentation and Viva Voce Examination |
