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M-COM in Corporate Accounting at Government R. C. College of Commerce and Management
Bengaluru, Karnataka
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About the Specialization
What is Corporate Accounting at Government R. C. College of Commerce and Management Bengaluru?
This Corporate Accounting program at Government Ramnarayan Chellaram College of Commerce and Management focuses on advanced accounting practices, financial reporting, and taxation relevant to the corporate sector. In India, with evolving regulations like Ind AS and GST, skilled corporate accountants are crucial for compliance, strategic financial planning, and transparent reporting, making this specialization highly relevant and in demand in the Indian market.
Who Should Apply?
This program is ideal for B.Com, BBA, or BMS graduates aspiring for roles in corporate finance, auditing, and taxation. It also suits working professionals, including junior accountants or finance executives, looking to upgrade their knowledge of modern accounting standards and regulatory frameworks in the Indian business environment. Specific prerequisite backgrounds include strong analytical and numerical abilities.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths as Financial Analysts, Corporate Auditors, Tax Consultants, or Controllers. Entry-level salaries typically range from INR 3-6 LPA, growing significantly with experience. The program provides a strong foundation for professional certifications like CA, CMA, and ACCA, aligning with India''''s accounting industry growth and offering clear growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Strengthen Core Commerce Fundamentals- (Semester 1-2)
Actively engage with foundational subjects like Advanced Management Accounting and Strategic Financial Management. Utilize online resources like ICAI study materials for conceptual clarity and practice problems, fostering a strong base essential for advanced corporate finance roles and academic excellence.
Tools & Resources
ICAI study materials, online accounting tutorials
Career Connection
A robust understanding of fundamentals is critical for all future advanced accounting and finance roles, improving academic performance and laying groundwork for placements.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Master Quantitative Techniques by solving case studies and problems from Indian textbooks (e.g., R.S. Aggarwal for aptitude, financial modeling exercises in Excel). This builds analytical acumen vital for financial analysis and data-driven decision-making in corporate accounting roles.
Tools & Resources
MS Excel, statistical software (e.g., R, Python basics), R.S. Aggarwal for aptitude
Career Connection
Enhanced analytical skills are highly valued by Indian employers for roles requiring financial analysis, forecasting, and problem-solving.
Engage in Peer Learning and Discussion Groups- (Semester 1-2)
Form study groups to discuss complex topics in Indian Financial System and Business Ethics. Collaborative problem-solving and sharing insights from different perspectives enhance understanding and prepare students for team-based work in corporate settings, promoting early skill building.
Tools & Resources
Collaborative whiteboards, online meeting platforms
Career Connection
Develops teamwork and communication skills, crucial for success in professional environments and group projects during placements.
Intermediate Stage
Deep Dive into Accounting Standards and Taxation- (Semester 3-4)
Focus intensely on Advanced Corporate Accounting, Corporate Financial Reporting, and Goods and Services Tax (GST). Regularly follow updates from ICAI and CBDT websites, participate in tax webinars, and practice real-world case studies to master Indian accounting and tax compliance, preparing for skill specialization.
Tools & Resources
ICAI website, CBDT website, GST portal, tax journals
Career Connection
Specialized knowledge in Indian accounting standards and taxation makes graduates highly employable for tax consulting and corporate finance roles.
Seek Internships in Accounting/Audit Firms- (Semester 3-4)
Actively pursue internships with local CA firms, audit companies, or corporate finance departments during breaks. This provides invaluable practical exposure to financial reporting, auditing processes, and tax filings, bridging the gap between academic knowledge and industry demands in India, enhancing industry exposure.
Tools & Resources
College placement cell, LinkedIn, Naukri.com
Career Connection
Internships offer practical experience, network building opportunities, and often lead to pre-placement offers, significantly boosting placement prospects.
Participate in Financial Competitions & Workshops- (Semester 3-4)
Join college or inter-college events like accounting quizzes, financial modeling competitions, or workshops on Tally/SAP FICO. These activities hone practical skills, build a professional network, and provide a competitive edge for placements in Indian companies, fostering network building and competition participation.
Tools & Resources
Tally ERP 9, SAP FICO modules, financial modeling software
Career Connection
Showcases practical skills and problem-solving abilities to potential employers, improving chances of securing specialized roles.
Advanced Stage
Intensive Project Work and Presentation- (Semester 4)
Dedicate significant effort to the Project Work / Internship & Viva Voce. Choose a topic relevant to Corporate Accounting (e.g., ''''Impact of Ind AS on XYZ Company''''s Financials'''') and present findings professionally, simulating real-world corporate reporting and analysis, ensuring industry readiness.
Tools & Resources
Research databases, statistical analysis software, presentation tools
Career Connection
Develops research, analytical, and presentation skills crucial for senior accounting and finance positions, directly aiding placement preparation.
Prepare for Professional Certifications and Placements- (Semester 4)
Simultaneously prepare for professional exams like CA, CMA (India), or ACCA, leveraging program knowledge. Attend placement drives, practice aptitude tests, group discussions, and mock interviews tailored to finance and accounting roles in Indian MNCs and PSUs for comprehensive placement preparation.
Tools & Resources
Coaching institutes, online test series, mock interview platforms
Career Connection
Professional certifications provide a significant competitive advantage and open doors to higher-paying and specialized roles in India, while mock preparations hone interview skills.
Network with Alumni and Industry Professionals- (Semester 4)
Utilize college alumni networks, LinkedIn, and industry events to connect with professionals in corporate accounting. Gaining insights into career trajectories, industry trends, and job market expectations provides a significant advantage for securing desired roles after graduation and leadership development.
Tools & Resources
LinkedIn, alumni portals, industry conferences
Career Connection
Networking facilitates mentorship, job referrals, and staying updated on industry needs, directly impacting career planning and progression.
Program Structure and Curriculum
Eligibility:
- B.Com / B.B.A / B.M.S / B.A. (Economics) / B.Sc (Mathematics / Statistics) with 50% aggregate marks from any recognized University (45% for SC/ST/Cat-I candidates of Karnataka)
Duration: 4 semesters / 2 years
Credits: 80 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.1.1 | Research Methodology | Core | 4 | Introduction to Research, Research Design, Data Collection Methods, Data Analysis and Interpretation, Research Report Writing |
| M.1.2 | Indian Financial System | Core | 4 | Financial System Overview, Financial Markets, Financial Institutions, Financial Instruments, Regulation of Financial System |
| M.1.3 | Business Ethics and Corporate Governance | Core | 4 | Introduction to Business Ethics, Ethical Decision Making, Corporate Governance Concepts, Corporate Social Responsibility, Role of Boards and Committees |
| M.1.4 | Advanced Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Costing Systems, Budgetary Control, Standard Costing, Decision Making Techniques |
| OE.1.1 | Open Elective - I | Open Elective | 4 | Student''''s choice from a pool of university-offered open electives |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.2.1 | Strategic Financial Management | Core | 4 | Introduction to Strategic Finance, Investment Decisions, Financing Decisions, Dividend Decisions, Working Capital Management |
| M.2.2 | Marketing Management | Core | 4 | Marketing Concepts, Market Segmentation and Targeting, Product and Pricing Decisions, Promotion and Distribution Decisions, Marketing Strategies |
| M.2.3 | Quantitative Techniques | Core | 4 | Linear Programming, Transportation and Assignment Problems, Decision Theory, Network Analysis (PERT/CPM), Statistical Tools for Business |
| M.2.4 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Management |
| OE.2.1 | Open Elective - II | Open Elective | 4 | Student''''s choice from a pool of university-offered open electives |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.3.1 | Management Information System and Computer Applications in Commerce | Core | 4 | Management Information Systems (MIS) Concepts, Database Management Systems (DBMS), Networking and Internet, E-commerce Concepts, Business Applications (Tally, MS Office for commerce) |
| E1.1 | Advanced Corporate Accounting | Specialization Elective (Corporate Accounting) | 4 | Accounting Standards (Ind AS/IFRS), Financial Statement Consolidation, Amalgamation and Reconstruction Accounting, Valuation of Shares and Goodwill, Human Resource Accounting |
| E1.2 | Advanced Auditing and Assurance | Specialization Elective (Corporate Accounting) | 4 | Auditing Standards (SAs), Audit Planning and Risk Assessment, Internal Control System, Audit of Different Entities, Auditor''''s Report |
| E1.3 | Contemporary Accounting | Specialization Elective (Corporate Accounting) | 4 | Environmental Accounting, Social Responsibility Accounting, Forensic Accounting, Inflation Accounting, Accounting for E-commerce |
| OE.3.1 | Open Elective - III | Open Elective | 4 | Student''''s choice from a pool of university-offered open electives |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.4.1 | International Financial Reporting Standards (IFRS) | Core | 4 | Introduction to IFRS, Framework for Financial Reporting, Convergence with Ind AS, Key IFRS Standards (e.g., PPE, Revenue, Leases), Presentation of Financial Statements |
| E1.5 | Corporate Financial Reporting | Specialization Elective (Corporate Accounting) | 4 | Regulatory Framework of Reporting, Segment Reporting, Interim Financial Reporting, Value Added Statement, XBRL Reporting |
| E1.6 | Goods and Services Tax (GST) | Specialization Elective (Corporate Accounting) | 4 | Introduction to GST, Levy and Collection of GST, Input Tax Credit, GST Procedures, GST Audit and Returns |
| E.4.1 | Project Work / Internship & Viva Voce | Project | 4 | Project Identification, Data Collection and Analysis, Report Writing, Presentation and Viva Voce, Internship Report |
| OE.4.1 | Open Elective - IV | Open Elective | 4 | Student''''s choice from a pool of university-offered open electives |
