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MCOM in Advanced Accountancy at Gujarat University
Ahmedabad, Gujarat
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About the Specialization
What is Advanced Accountancy at Gujarat University Ahmedabad?
This Advanced Accountancy program at Gujarat University offers in-depth understanding of complex accounting principles, auditing practices, and financial reporting standards. It covers strategic cost management, direct and indirect taxation, and corporate governance. The curriculum equips students with analytical and decision-making skills vital for navigating India''''s dynamic financial sector and its evolving regulatory landscape, preparing them for key roles.
Who Should Apply?
This program is ideal for B.Com graduates seeking specialized expertise in accounting and finance. It caters to aspiring chartered accountants, financial analysts, auditors, or tax consultants in India. Working professionals in finance looking to upgrade their knowledge with current accounting standards, and career changers with strong numerical aptitude, will find immense value and career progression.
Why Choose This Course?
Graduates of this program can expect promising career paths in Indian companies, MNCs, and financial institutions as Senior Accountants, Auditors, Financial Controllers, and Tax Managers. Entry-level salaries typically range from INR 3.5-6 LPA, growing significantly with experience. The program aligns well with preparation for professional certifications like CA, CMA, and ACCA, enhancing global employability.
Student Success Practices
Foundation Stage
Master Core Accounting Principles and Statistical Tools- (Semester 1)
Dedicate significant time to understanding foundational subjects like Accounting for Managerial Decisions and Statistical Analysis. Regularly practice problem-solving, focusing on the application of concepts to business scenarios. Leverage online tutorials for statistical software proficiency.
Tools & Resources
Textbooks, Previous year question papers, NPTEL videos on accounting/statistics, Basic tutorials for Excel
Career Connection
A strong base in these areas is critical for all finance and accounting roles, ensuring accurate data interpretation and decision support.
Develop Robust Research and Analytical Skills- (Semester 1)
Actively participate in Research Methodology sessions, focusing on data collection techniques, basic statistical analysis, and academic writing. Utilize library resources and online databases for literature reviews. Engage in small research projects to apply learned concepts.
Tools & Resources
University library, Google Scholar, Shodhganga, Basic data analysis tools in Excel or R
Career Connection
Essential for roles in financial analysis, market research, and academic research, enabling evidence-based decision making.
Cultivate Business Acumen and Digital Fluency- (Semester 1)
Stay updated with current business trends and economic policies in India through financial newspapers and business magazines. Actively participate in Computer Application Practical sessions to enhance digital skills, especially in spreadsheet management and presentations.
Tools & Resources
The Economic Times, Business Standard, Microsoft Office Suite, Relevant business news apps
Career Connection
These skills are fundamental for effective communication, data presentation, and understanding the broader business context in any corporate setting.
Intermediate Stage
Strengthen Financial Management and Strategic Thinking- (Semester 2)
Focus on understanding Financial Management principles, corporate legal frameworks, and strategic management concepts. Analyze case studies of Indian companies to grasp real-world applications of these theories. Participate in finance-related quizzes or competitions.
Tools & Resources
Case study books, Financial news portals, Corporate annual reports of Indian companies
Career Connection
Crucial for roles in corporate finance, investment banking, and strategic planning, preparing you for managerial responsibilities.
Gain Insights into Global Business and Human Resources- (Semester 2)
Explore International Business concepts and the nuances of Human Resource Management. Understand how global economic trends impact Indian businesses and the importance of effective HR practices. Attend webinars on global trade or HR best practices.
Tools & Resources
WTO publications, International business journals, HR industry reports
Career Connection
Useful for careers in multinational corporations operating in India, export-import businesses, and HR consultancy.
Enhance Practical Computer Application Skills- (Semester 2)
Deepen your practical skills in computer applications, moving beyond basics to advanced functionalities in data management and presentation. Utilize software for basic data visualization and project planning.
Tools & Resources
Advanced Excel functions, PowerPoint, Basic project management tools, Online tutorials for advanced office suite features
Career Connection
Directly supports efficiency and professionalism in all accounting, finance, and administrative roles, making you a more valuable asset.
Advanced Stage
Master Advanced Accountancy, Auditing & Financial Reporting- (Semester 3-4)
Intensively study Advanced Financial Accounting, Advanced Auditing, and Financial Reporting & Analysis. Focus on Indian Accounting Standards (Ind AS) and their practical application. Work on live projects or internships related to auditing or financial statement preparation.
Tools & Resources
ICAI publications, Ind AS bare acts, Audit standards, Annual reports of public limited companies
Career Connection
Direct pathway to roles in financial accounting, statutory audit, internal audit, and financial analysis in Big 4 firms and Indian corporates.
Specialize in Indian Taxation and Cost Management- (Semester 3-4)
Develop expertise in Direct Tax Planning & Management, Indirect Tax (GST), and Strategic Cost Management. Keep abreast of the latest tax amendments and interpret their impact. Work through complex tax planning scenarios and cost optimization problems.
Tools & Resources
Income Tax Act, GST Act, Taxmann, CCH India, Cost accounting standards
Career Connection
Opens doors to careers in tax consultancy, corporate taxation, and cost management in manufacturing and service industries across India.
Excel in Project Work and Professional Readiness- (Semester 3-4)
Execute your Project Work diligently, applying all learned research and analytical skills. Focus on presenting findings clearly and professionally. Participate in mock interviews and group discussions, and network with industry professionals for placement opportunities.
Tools & Resources
Research journals, Statistical software, University placement cell, LinkedIn
Career Connection
A strong project enhances your resume, and interview preparation is crucial for securing placements in top Indian companies and financial institutions.
Program Structure and Curriculum
Eligibility:
- B.Com. of Gujarat University or equivalent degree of any other recognized University.
Duration: 4 semesters / 2 years
Credits: 92 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-101 | Accounting for Managerial Decisions | Core | 4 | Introduction to Management Accounting, Cost Accounting System, Decision Making Techniques, Capital Budgeting Decisions, Budgetary Control |
| CC-102 | Modern Business Environment | Core | 4 | Economic Liberalization & Globalization, Industrial Policies, Money & Capital Market, Financial Institutions, Economic Reforms in India |
| CC-103 | Statistical Analysis | Core | 4 | Probability Distribution, Sampling Theory, Testing of Hypotheses, Correlation & Regression, Analysis of Variance |
| CC-104 | Research Methodology & Statistical Software | Core | 4 | Research Design, Data Collection, Sampling Methods, Data Analysis & Interpretation, Report Writing |
| CC-105 | Entrepreneurship Development | Core | 4 | Entrepreneurship Concept, Entrepreneurial Process, Business Idea Generation, Project Formulation, Institutional Support |
| PC-101 | Computer Application Practical | Practical | 2 | MS Excel for Data Analysis, Presentation Software, Internet & E-commerce, Database Concepts, Basic Computer Operations |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-201 | Strategic Management | Core | 4 | Strategic Management Process, Environmental Analysis, Strategic Formulation, Strategic Implementation, Strategic Control |
| CC-202 | Corporate Legal Framework | Core | 4 | Company Law, Contract Act, Consumer Protection Act, Intellectual Property Rights, Cyber Laws |
| CC-203 | Financial Management | Core | 4 | Financial Decisions, Working Capital Management, Capital Structure, Dividend Policy, Valuation of Securities |
| CC-204 | Human Resource Management | Core | 4 | HR Planning, Recruitment & Selection, Training & Development, Performance Appraisal, Compensation Management |
| CC-205 | International Business | Core | 4 | Theories of International Trade, International Organizations, Foreign Exchange Market, Export-Import Procedures, Global Business Strategies |
| PC-201 | Computer Application Practical | Practical | 2 | Advanced Spreadsheet Functions, Data Visualization, Web Design Basics, Presentation Skills, Project Management Tools |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-301 | Corporate Social Responsibility & Governance | Core | 4 | CSR Concept & Models, Stakeholder Engagement, Corporate Governance Principles, Business Ethics, Whistleblowing |
| CC-302 | Economics for Business Decisions | Core | 4 | Demand & Supply Analysis, Production & Cost Theory, Market Structures, Pricing Strategies, Macroeconomic Environment |
| CC-303 | Direct Tax Planning & Management | Core | 4 | Income Tax Basics, Residential Status & Income Heads, Deductions & Exemptions, Tax Planning, Assessment Procedures |
| CC-304 | Financial Services & Market | Core | 4 | Indian Financial System, Money Market, Capital Market, Mutual Funds, Merchant Banking |
| EC-301(A) | Advanced Financial Accounting | Elective (Advanced Accountancy) | 4 | Indian Accounting Standards, Consolidated Financial Statements, Amalgamation & Reconstruction, Accounting for Inflation, Human Resource Accounting |
| EC-302(A) | Advanced Auditing & Corporate Governance | Elective (Advanced Accountancy) | 4 | Audit Standards, Internal Audit, Management Audit, Forensic Audit, Audit Report & Ethics |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-401 | Organisational Behaviour | Core | 4 | Perception & Learning, Motivation Theories, Group Dynamics, Leadership Styles, Conflict Management |
| CC-402 | Indirect Tax Planning & Management | Core | 4 | GST Framework, Supply & Valuation, Input Tax Credit, GST Registration & Returns, Customs Act |
| CC-403 | International Financial Management | Core | 4 | International Monetary System, Exchange Rate Mechanism, Foreign Exchange Exposure Management, International Capital Markets, Project Financing |
| CC-404 | Project Work | Project | 4 | Research Problem Identification, Literature Review, Data Collection & Analysis, Report Writing, Presentation Skills |
| EC-401(A) | Financial Reporting & Analysis | Elective (Advanced Accountancy) | 4 | Financial Statement Analysis, Ratio Analysis, Cash Flow Statement, Value Added Statement, Earnings Management |
| EC-402(A) | Strategic Cost Management | Elective (Advanced Accountancy) | 4 | Activity Based Costing, Life Cycle Costing, Target Costing, Transfer Pricing, Quality Costing |
