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M-COM in Accounting at DR. RAM MANOHAR LOHIA MAHAVIDYALAYA, JURIA (JALIHAPUR)
Kanpur Dehat, Uttar Pradesh
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About the Specialization
What is Accounting at DR. RAM MANOHAR LOHIA MAHAVIDYALAYA, JURIA (JALIHAPUR) Kanpur Dehat?
This Accounting specialization program at Dr. Ram Manohar Lohia Mahavidyalaya, affiliated with CSJMU Kanpur, focuses on advanced accounting principles, taxation, financial reporting, and analysis crucial for the Indian financial sector. It delves into corporate accounting, direct and indirect taxation laws, and global accounting standards like IFRS, preparing students for complex financial roles within the evolving Indian industry.
Who Should Apply?
This program is ideal for B.Com graduates and commerce professionals seeking to deepen their expertise in accounting and finance. It caters to individuals aspiring for careers in auditing, taxation, financial analysis, or corporate accounting. Students with a strong quantitative aptitude and an interest in financial regulations and compliance will find this program highly rewarding.
Why Choose This Course?
Graduates of this program can expect promising career paths in auditing firms, tax consultancy, corporate finance departments, and financial institutions across India. Entry-level salaries typically range from INR 3-5 LPA, with experienced professionals earning significantly more. The program also aligns with prerequisites for professional certifications like CA, CMA, and CS, enhancing growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Strengthen Accounting & Statistical Fundamentals- (Semester 1-2)
Dedicate time to thoroughly understand core accounting concepts, financial management basics, and statistical tools. Utilize online resources like Khan Academy for accounting and NPTEL for statistics to build a solid foundation. Focus on solving practical problems from textbooks regularly.
Tools & Resources
Khan Academy, NPTEL videos, University Library Accounting & Stats textbooks
Career Connection
A strong grasp of fundamentals is essential for passing initial screening tests for finance and accounting roles and building a robust analytical base for future advanced subjects.
Develop Presentation and Communication Skills- (Semester 1-2)
Actively participate in seminar presentations and group discussions. Seek feedback on public speaking and content delivery. Join college debate clubs or Toastmasters-style groups to enhance confidence and articulate complex financial concepts clearly.
Tools & Resources
Toastmasters (if available locally), Online communication courses, Peer feedback sessions
Career Connection
Effective communication is crucial for client interactions, team collaboration, and presenting financial reports in professional accounting and finance careers.
Build Basic Spreadsheet Proficiency- (Semester 1-2)
Start learning advanced Excel functions and basic data analysis using spreadsheets. Practice creating financial models, budgets, and various reports using real-world data sets. There are many free online tutorials available.
Tools & Resources
Microsoft Excel, Google Sheets, YouTube tutorials (e.g., ''''Excel for Finance'''')
Career Connection
Excel proficiency is a fundamental requirement for almost every role in accounting, finance, and data analysis in India, enhancing efficiency and accuracy.
Intermediate Stage
Engage with Taxation and Regulatory Frameworks- (Semester 3-4)
Deep dive into direct and indirect tax laws (Income Tax, GST) and understand their practical implications for businesses. Follow financial news and government policy updates from reputable sources like ''''The Economic Times'''' or ''''Livemint'''' to stay current.
Tools & Resources
Income Tax Act website, GST Portal, The Economic Times, Livemint
Career Connection
Expertise in Indian taxation is highly valued in accounting, auditing, and tax consultancy roles, making graduates highly employable in specialized domains.
Pursue Internships and Live Projects- (Semester 3-4)
Actively seek internships during semester breaks with auditing firms, tax consultants, or corporate finance departments. Even unpaid short-term projects offer invaluable practical experience and industry exposure. Network with alumni and faculty for leads.
Tools & Resources
LinkedIn, Internshala, College placement cell, Alumni network
Career Connection
Internships provide hands-on experience, build industry contacts, and often lead to pre-placement offers, significantly boosting job prospects after graduation.
Participate in Finance & Accounting Competitions- (Semester 3-4)
Join case study competitions, stock market games, or financial modeling challenges organized by colleges or industry bodies. This applies theoretical knowledge to real-world scenarios, enhancing problem-solving and decision-making skills.
Tools & Resources
StockGro (virtual trading), CFA Institute Research Challenge (student level), College commerce societies
Career Connection
Participation showcases practical skills, critical thinking, and leadership to potential employers, setting candidates apart in competitive Indian job markets.
Advanced Stage
Master Advanced Financial Reporting and Analysis- (Semester 3-4)
Focus on understanding Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS). Practice financial statement analysis extensively using annual reports of listed Indian companies to identify trends and assess performance.
Tools & Resources
MCA website for company annual reports, NSE/BSE websites, Accounting standards textbooks
Career Connection
Proficiency in financial reporting and analysis is critical for roles in equity research, credit analysis, corporate finance, and compliance, offering high-growth career paths.
Prepare for Professional Certifications- (Semester 3-4)
Simultaneously prepare for professional qualifications like CA (Chartered Accountant), CMA (Certified Management Accountant), or CS (Company Secretary) exams, or pursue NISM certifications for capital markets. This significantly enhances career prospects and earning potential in India.
Tools & Resources
ICAI, ICMAI, ICSI websites for study material, NISM certification modules, Professional coaching institutes
Career Connection
Professional certifications are highly respected in the Indian financial sector, opening doors to leadership positions and specialized expert roles that command premium salaries.
Network and Build a Professional Portfolio- (Semester 3-4)
Attend industry seminars, workshops, and alumni meet-ups. Create a LinkedIn profile showcasing skills, internships, and project work. Develop a portfolio of financial analyses, tax computations, or market research reports to present during interviews.
Tools & Resources
LinkedIn, Professional networking events, Online portfolio platforms
Career Connection
Strong networking helps in discovering hidden job opportunities and gaining industry insights, while a well-curated portfolio demonstrates practical abilities to recruiters, improving placement chances.
Program Structure and Curriculum
Eligibility:
- B.Com, BBA, or BA (Economics) with a minimum of 45% marks from a recognized university, or as per CSJMU norms.
Duration: 2 years (4 semesters)
Credits: 96 Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCOM-101 | Business Environment | Core | 4 | Concept and Significance of Business Environment, Economic Policies and Development, Socio-Cultural Environment, Technological Environment, International Economic Environment |
| MCOM-102 | Managerial Economics | Core | 4 | Nature and Scope of Managerial Economics, Demand Analysis and Forecasting, Production and Cost Analysis, Pricing Decisions and Strategies, Profit Management |
| MCOM-103 | Statistical Analysis for Business Decisions | Core | 4 | Measures of Central Tendency and Dispersion, Probability and Probability Distributions, Sampling and Estimation, Hypothesis Testing, Correlation and Regression Analysis |
| MCOM-104 | Organizational Behaviour | Core | 4 | Foundations of Organizational Behaviour, Perception, Learning, and Personality, Motivation Theories and Application, Group Dynamics and Team Building, Leadership and Power |
| MCOM-105 | Advanced Business Accounting | Core | 4 | Company Final Accounts, Amalgamation and Reconstruction of Companies, Valuation of Goodwill and Shares, Liquidation of Companies, Branch and Departmental Accounts |
| MCOM-106 | Seminar & Viva Voce - I | Core | 0 | Presentation Skills, Research Topic Discussion, Oral Examination, Subject Matter Comprehension |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCOM-201 | Marketing Management | Core | 4 | Nature and Scope of Marketing, Market Segmentation and Targeting, Product and Pricing Decisions, Promotion and Distribution Strategies, Service Marketing |
| MCOM-202 | Financial Management | Core | 4 | Scope and Objectives of Financial Management, Capital Budgeting Decisions, Cost of Capital, Capital Structure Theories, Working Capital Management |
| MCOM-203 | Human Resource Management | Core | 4 | Role and Functions of HRM, HR Planning and Recruitment, Training and Development, Performance Appraisal, Industrial Relations |
| MCOM-204 | Research Methodology for Business | Core | 4 | Research Design and Types, Data Collection Methods, Sampling Techniques, Data Analysis and Interpretation, Report Writing |
| MCOM-205 | Corporate Tax Planning and Management | Core | 4 | Basic Concepts of Income Tax, Computation of Taxable Income, Tax Planning for Companies, Tax Management and Assessment, Goods and Services Tax (GST) Overview |
| MCOM-206 | Seminar & Viva Voce - II | Core | 0 | Presentation Skills, Research Topic Discussion, Oral Examination, Subject Matter Comprehension |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCOM-301 | Financial Markets and Institutions | Core | 4 | Indian Financial System, Money Market Operations, Capital Market Operations, Financial Intermediaries, SEBI and Regulatory Framework |
| MCOM-302 | International Business | Core | 4 | Theories of International Trade, International Financial System, Foreign Exchange Market, International Business Environment, Multinational Corporations |
| MCOM-303 | Direct Tax - Law and Practice | Elective (Accounting Specialization) | 4 | Residential Status and Tax Incidence, Heads of Income (Salary, House Property), Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources |
| MCOM-304 | Indirect Tax - Law and Practice | Elective (Accounting Specialization) | 4 | Concept of Goods and Services Tax (GST), GST Administration and Levy, Input Tax Credit, GST Procedure and Returns, Customs Act Overview |
| MCOM-305 | Financial Reporting and Analysis | Elective (Accounting Specialization) | 4 | Framework of Financial Reporting, Indian Accounting Standards (Ind AS), Techniques of Financial Statement Analysis, Cash Flow Statement Analysis, Segment and Interim Reporting |
| MCOM-306 | Project Work / Dissertation - I | Core | 4 | Identification of Research Problem, Literature Review, Methodology and Data Collection, Analysis and Interpretation, Report Writing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCOM-401 | Strategic Management | Core | 4 | Concept and Process of Strategic Management, Environmental Scanning and Analysis, Strategy Formulation, Strategy Implementation, Strategic Control and Evaluation |
| MCOM-402 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Theories of Entrepreneurship, Project Identification and Formulation, Business Plan Preparation, Sources of Finance for Entrepreneurs |
| MCOM-403 | International Accounting | Elective (Accounting Specialization) | 4 | Nature and Scope of International Accounting, International Financial Reporting Standards (IFRS), Consolidation of Foreign Financial Statements, Foreign Currency Translation, International Harmonization of Accounting |
| MCOM-404 | Portfolio Management | Elective (Accounting Specialization) | 4 | Investment Alternatives, Risk and Return Analysis, Modern Portfolio Theory, Portfolio Performance Evaluation, Mutual Funds and Hedge Funds |
| MCOM-405 | Business Ethics and Corporate Governance | Elective (Accounting Specialization) | 4 | Ethical Theories in Business, Corporate Social Responsibility, Principles of Corporate Governance, Role of Board of Directors, Whistle-blowing and Ethical Decision Making |
| MCOM-406 | Project Work / Dissertation - II & Comprehensive Viva Voce | Core | 4 | Project Implementation and Monitoring, Final Report Submission, Project Presentation, Comprehensive Viva Voce on entire curriculum, Application of Commerce Knowledge |
