.png&w=1920&q=75)
B-COM-HONS in Management Accounting at GITAM (Gandhi Institute of Technology and Management)
Visakhapatnam, Andhra Pradesh
.png&w=1920&q=75)
About the Specialization
What is Management Accounting at GITAM (Gandhi Institute of Technology and Management) Visakhapatnam?
This Management Accounting program at Gandhi Institute of Technology and Management (GITAM) focuses on equipping students with advanced skills in financial analysis, cost management, and strategic decision-making. Rooted in the dynamic Indian business landscape, it delves into techniques for performance evaluation, budgetary control, and resource allocation. This specialization is tailored to meet the growing demand for skilled professionals who can provide insightful financial guidance and strategic support within Indian corporations and multinational companies operating in India.
Who Should Apply?
This program is ideal for aspiring finance professionals seeking a robust foundation in managerial accounting principles. It caters to fresh graduates keen on entering roles in corporate finance, financial planning, or analytical positions within Indian manufacturing or service industries. Furthermore, it benefits working professionals aiming to upskill in financial strategy and cost optimization, or career changers looking to transition into accounting and finance leadership roles in India''''s competitive market.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including roles such as Management Accountant, Financial Analyst, Cost Controller, Business Analyst, or Internal Auditor. Entry-level salaries typically range from INR 3.5 to 6 LPA, with experienced professionals earning significantly more. The program fosters growth trajectories towards leadership positions in finance departments of Indian companies, aligning with certifications like CMA (Certified Management Accountant) for enhanced professional credibility.
Student Success Practices
Foundation Stage
Build Strong Accounting Fundamentals- (Semester 1-2)
Dedicate time to thoroughly understand core financial and corporate accounting principles. Regularly solve textbook problems and practice journal entries, ledger postings, and financial statement preparation. Participate in peer study groups to clarify concepts.
Tools & Resources
Tally ERP (basic features), MS Excel, NPTEL Accounting courses, Online practice problems
Career Connection
A solid foundation is crucial for cracking entry-level finance roles and forms the bedrock for advanced management accounting concepts.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Focus on subjects like Business Statistics and Computer Applications in Business. Actively learn statistical software basics and Excel functionalities for data analysis. Attend workshops on quantitative techniques to build problem-solving aptitude.
Tools & Resources
MS Excel, Basic R/Python tutorials, Online data analytics platforms (e.g., Kaggle for basic datasets), Statistical textbooks
Career Connection
Essential for financial modeling, data-driven decision making, and performing robust business analysis in various industries.
Enhance Communication and Professional English- (Semester 1-2)
Actively engage in English-I and English-II courses. Practice professional writing for reports and emails. Participate in debates and presentations to improve verbal communication and confidence. Read business newspapers and journals daily.
Tools & Resources
LinkedIn Learning (communication courses), Grammarly, Toastmasters International (student clubs), Business Standard, The Economic Times
Career Connection
Strong communication is vital for presenting financial reports, interacting with stakeholders, and excelling in corporate environments.
Intermediate Stage
Apply Costing and Tax Concepts Practically- (Semester 3-4)
In Cost Accounting and Income Tax, go beyond theoretical understanding. Analyze real-world case studies of companies'''' costing strategies or tax planning. Seek opportunities to work on small projects involving tax calculations or cost sheet preparation.
Tools & Resources
Case study repositories, Tax computation software demos (e.g., Tally Tax Module), Industry journals on cost management
Career Connection
Directly prepares you for roles in cost control, tax compliance, and internal audit, highly valued in Indian manufacturing and service sectors.
Explore Financial Markets and Digital Marketing- (Semester 4-5)
Supplement classroom learning of Stock Market Operations and Digital Marketing by participating in virtual stock trading games or creating a simple digital marketing campaign for a local business. Understand the practical application of these skills.
Tools & Resources
Virtual stock market simulators, Google Analytics (free courses), Social media marketing tools (e.g., Hootsuite free version)
Career Connection
Provides exposure to capital markets for investment roles and equips with modern marketing skills crucial for finance product promotion.
Network with Industry Professionals- (Semester 4-5)
Attend webinars, industry conferences (even virtual ones), and alumni meets organized by the institution. Connect with professionals on LinkedIn, seeking insights into career paths in management accounting and related fields.
Tools & Resources
LinkedIn, Professional associations (ICAI/ICMAI student chapters), GITAM alumni network, Industry-specific webinars
Career Connection
Opens doors for internships, mentorship, and future job opportunities in the competitive Indian job market.
Advanced Stage
Undertake a Specialization-focused Internship/Project- (Semester 6)
Secure an internship in a finance or accounting department, ideally in management accounting, cost analysis, or financial planning. For the project, choose a topic directly related to your specialization and conduct thorough research and analysis.
Tools & Resources
Company-specific accounting software (during internship), ERP systems (SAP, Oracle exposure), Advanced Excel modeling
Career Connection
Hands-on experience is critical for placements, providing practical skills and a professional network. Project work showcases analytical and research capabilities.
Master Advanced Management Accounting Techniques- (Semester 6)
Deep dive into subjects like Advanced Management Accounting, focusing on Activity-Based Costing, transfer pricing, and performance measurement. Practice applying these techniques to complex business scenarios and case studies.
Tools & Resources
Advanced management accounting textbooks, Online certification courses from recognized bodies (e.g., IMA for CMA preparation)
Career Connection
Positions you for specialized roles requiring high-level strategic financial analysis and decision support, often in larger corporations.
Prepare for Placements and Professional Certifications- (Semester 6)
Actively participate in campus placement drives, refining resume, interview skills, and group discussion techniques. Simultaneously, consider beginning preparation for professional certifications like CMA (Certified Management Accountant) or ACCA to enhance career prospects.
Tools & Resources
Career services department, Mock interview sessions, Online aptitude test platforms, Study materials for professional certifications
Career Connection
Direct path to securing a job and accelerating career growth in finance and accounting, offering a competitive edge in India.
Program Structure and Curriculum
Eligibility:
- Pass in 10+2 with a minimum of 50% aggregate marks or equivalent grade in the qualifying examination from a recognized Board.
Duration: 3 years / 6 semesters
Credits: 140 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22LCH101 | English-I | AECC | 2 | Communication Skills, Reading Comprehension, Vocabulary Development, Grammar and Usage, Basic Writing Skills |
| 22UCH102 | Environmental Studies | AECC | 2 | Natural Resources, Ecosystems, Environmental Pollution, Social Issues and Environment, Human Population and Environment |
| 22BCH101 | Financial Accounting | Core | 4 | Accounting Principles, Journal and Ledger, Trial Balance, Final Accounts, Depreciation Methods |
| 22BCH102 | Business Economics | Core | 4 | Demand and Supply Analysis, Consumer Behavior, Production and Costs, Market Structures, Macroeconomic Concepts |
| 22BCH103 | Business Organisation and Management | Core | 4 | Nature of Business, Forms of Business Organization, Principles of Management, Planning and Organizing, Motivation and Leadership |
| 22BCH104 | Computer Applications in Business | Core | 4 | Introduction to Computers, MS Office Applications, Data Organization and Management, Internet and E-commerce Basics, Business Software Applications |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22LCH102 | English-II | AECC | 2 | Advanced Communication Strategies, Professional Writing, Presentation Skills, Report Writing, Group Discussion Techniques |
| 22UCH103 | Indian Culture and Heritage | AECC | 2 | Ancient Indian Culture, Medieval India''''s Contributions, Modern Indian Heritage, Arts and Architecture, Indian Philosophical Systems |
| 22BCH105 | Corporate Accounting | Core | 4 | Accounting for Shares, Debentures and Redemption, Company Final Accounts, Amalgamation of Companies, Liquidation of Companies |
| 22BCH106 | Business Statistics | Core | 4 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| 22BCH107 | Business Law | Core | 4 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Partnership Act |
| 22BCH108 | Entrepreneurship Development | Core | 4 | Entrepreneurship Concepts, Business Plan Development, Startup Ecosystem, Sources of Finance, Government Schemes for Entrepreneurs |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22BCH201 | Cost Accounting | Core | 4 | Cost Concepts and Classification, Cost Sheet Preparation, Material Costing, Labour Costing, Overhead Costing |
| 22BCH202 | Company Law and Secretarial Practice | Core | 4 | Company Formation, Company Meetings, Board of Directors, Share Capital and Debentures, Secretarial Audit and Compliance |
| 22BCH203 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Heads of Income, Deductions from Gross Total Income, Assessment of Individuals, TDS and Advance Tax |
| 22BCH204 | E-Commerce | Core | 4 | E-Commerce Business Models, Electronic Payment Systems, Online Marketing Strategies, Cyber Security in E-Commerce, E-Governance Initiatives |
| 22BCH205 | Banking and Insurance | Core | 4 | Commercial Banks, Central Banking Functions, Banking Sector Reforms, Types of Insurance, IRDA and Regulation |
| 22BCH206 | Business Analytics | Core | 4 | Introduction to Data Analytics, Data Mining Techniques, Predictive Analytics, Data Visualization, Business Intelligence Tools |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22BCH207 | Goods and Services Tax | Core | 4 | GST Framework and Concepts, Levy and Collection of GST, Input Tax Credit Mechanism, GST Registration and Returns, Impact of GST on Businesses |
| 22BCH208 | Financial Management | Core | 4 | Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Dividend Decisions, Financial Markets and Institutions |
| 22BCH209 | Human Resource Management | Core | 4 | HR Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| 22BCH210 | Research Methodology and Project Work | Core | 4 | Research Design, Data Collection Methods, Sampling Techniques, Data Analysis and Interpretation, Report Writing |
| 22BCH211 | Stock Market Operations | Core | 4 | Primary Market, Secondary Market Operations, Stock Exchanges, SEBI Regulations, Investment Strategies |
| 22BCH212 | Digital Marketing | Core | 4 | Search Engine Optimization (SEO), Search Engine Marketing (SEM), Social Media Marketing, Content Marketing, Email Marketing |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22BCH301 | Auditing and Corporate Governance | Core | 4 | Auditing Concepts and Principles, Internal Control System, Types of Audit, Audit Report Formulation, Corporate Governance Framework |
| 22BCH302 | International Business | Core | 4 | Theories of International Trade, Foreign Exchange Market, Global Business Environment, WTO and Trade Agreements, International Marketing Strategies |
| 22BCH303 | Management Accounting | Specialization Core | 4 | Introduction to Management Accounting, Cost-Volume-Profit Analysis, Budgetary Control, Standard Costing, Variance Analysis |
| 22BCH304 | Financial Reporting and Analysis | Specialization | 4 | Understanding Financial Statements, Ratio Analysis for Performance, Cash Flow Statement Analysis, Fund Flow Statement, Business Valuation Models |
| 22BCH305 | Strategic Management | Specialization | 4 | Strategic Planning Process, SWOT Analysis, Business Level Strategies, Corporate Level Strategies, Strategy Implementation and Control |
| 22BCH306 | Data Analytics for Business | Specialization | 4 | Introduction to Data Analytics, Data Visualization Tools, Statistical Software for Analysis, Regression and Forecasting, Business Intelligence Applications |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 22BCH307 | Entrepreneurship and Small Business Management | Core | 4 | Startup Ecosystem, Business Model Canvas, Funding Sources for Small Business, Legal Aspects of Business, Growth Strategies for SMEs |
| 22BCH308 | Advanced Management Accounting | Specialization | 4 | Activity Based Costing (ABC), Transfer Pricing, Performance Measurement Systems, Balanced Scorecard, Modern Costing Techniques |
| 22BCH309 | Indirect Tax (GST and Customs) | Specialization | 4 | Advanced GST Provisions, Customs Act and Valuation, Duty Drawback and Exemptions, Export and Import Procedures, Compliance and Litigation under Indirect Taxes |
| 22BCH310 | Project Work and Viva Voce | Project | 4 | Research Proposal Development, Data Collection and Analysis, Report Writing and Documentation, Presentation Skills, Viva Voce Examination |
| 22BCH311 | Internship | Project | 2 | Practical Industry Experience, Application of Theoretical Knowledge, Professional Skill Development, Internship Report Submission, Presentation and Evaluation |
| 22BCH312 | Business Ethics and Corporate Social Responsibility | Core | 4 | Ethical Theories in Business, Business Ethics and Decision Making, CSR Concepts and Models, Stakeholder Management, Sustainable Development Practices |
