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MCOM in Account at J. M. Shah Arts & Commerce College
Bharuch, Gujarat
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About the Specialization
What is Account at J. M. Shah Arts & Commerce College Bharuch?
This Accountancy and Auditing program at J. M. Shah Arts & Commerce College focuses on providing advanced knowledge and practical skills in financial reporting, taxation, auditing practices, and cost management. It equips students with the expertise required for various financial roles, addressing the evolving demands of the Indian corporate sector and regulatory environment effectively.
Who Should Apply?
This program is ideal for B.Com graduates aiming for specialized roles in finance, audit, or tax within Indian companies. It also benefits working professionals seeking to enhance their accounting and auditing expertise for career advancement, including those aspiring to become chartered accountants or financial analysts in India.
Why Choose This Course?
Graduates of this program can expect to pursue career paths as auditors, tax consultants, financial analysts, and corporate accountants in India, with entry-level salaries typically ranging from INR 3-5 lakhs per annum, growing significantly with experience. The program aligns with professional certifications like CA, CMA, and CS, enhancing professional growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Build Strong Accounting & Finance Fundamentals- (Semester 1-2)
Focus deeply on core subjects like Financial Management, Financial and Management Accounting, and Investment Management. Understand the concepts thoroughly as they form the base for advanced specialization. Attend all lectures, take meticulous notes, and clarify doubts promptly with faculty members.
Tools & Resources
VNSGU prescribed textbooks, Investopedia, Khan Academy, Financial news portals
Career Connection
A robust foundation is critical for excelling in entrance exams for higher studies (e.g., UGC NET) or for clearing preliminary rounds of job interviews in finance and accounting roles within India.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Regularly practice numerical problems from accounting, finance, and economics. Form study groups to discuss complex scenarios and solve case studies. Engage in critical thinking during class discussions on theoretical concepts like Managerial Economics and Organizational Behavior to sharpen analytical abilities.
Tools & Resources
Previous year question papers, Supplementary problem books, Peer study groups, Faculty mentorship
Career Connection
Strong analytical and problem-solving skills are highly valued in roles requiring financial analysis, audit verification, and strategic decision-making in Indian businesses, leading to better career prospects.
Initiate Basic Research and Communication- (Semester 1-2)
Start reading academic journals and business magazines related to commerce and management to broaden your knowledge. Practice summarizing articles and presenting your understanding to peers. This helps in building foundational research acumen and effective communication skills essential for future academic and professional endeavors.
Tools & Resources
College library resources, Online academic databases, Business newspapers like Economic Times, Presentation tools
Career Connection
Effective communication and basic research skills are vital for report writing, client interaction, and seamless team collaboration in any accounting or finance firm, enhancing employability.
Intermediate Stage
Specialize in Accountancy & Auditing Concepts- (Semester 3-4)
Dive deep into Advanced Auditing, Advanced Accounting, and Advanced Cost and Management Accounting. Attend workshops on accounting software (e.g., Tally, SAP FICO basics) and engage with industry experts through guest lectures or seminars to gain practical insights into the specialization.
Tools & Resources
Accounting software tutorials, CA/CS study materials for conceptual depth, Industry whitepapers, Professional body publications
Career Connection
This specialization directly prepares students for roles in auditing firms, corporate finance departments, and taxation consultancies, providing a significant competitive edge in the Indian job market for specific roles.
Undertake a Relevant Research Project- (Semester 4)
Actively engage in the Project Work subject, choosing a topic within Accountancy or Auditing that aligns with current industry trends or a specific company''''s financial challenges. Conduct primary and secondary research, analyze data, and present findings professionally, demonstrating your practical skills.
Tools & Resources
Statistical software (e.g., basic Excel for data analysis), Survey tools, Academic research platforms, Guidance from project supervisors
Career Connection
A well-executed project demonstrates practical application of knowledge, research capabilities, and problem-solving abilities, which are crucial for placements and future academic pursuits, like pursuing a PhD.
Network and Explore Internship Opportunities- (Semester 3-4)
Attend college placement drives, career fairs, and professional networking events. Connect with alumni and industry professionals on platforms like LinkedIn. Actively seek internships in accounting firms, tax consultancies, or corporate finance departments to gain invaluable hands-on experience and build professional connections.
Tools & Resources
LinkedIn, College placement cell, Alumni network, Industry events and workshops
Career Connection
Internships provide practical experience, industry exposure, and often lead to pre-placement offers or strong professional references, which are crucial for securing jobs in the competitive Indian market.
Advanced Stage
Program Structure and Curriculum
Eligibility:
- B.Com. pass from any recognized University (as per VNSGU norms)
Duration: 2 years (4 semesters)
Credits: 64 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-101 | Managerial Economics | Core | 4 | Introduction to Managerial Economics, Demand Analysis, Production and Cost Analysis, Pricing Policies and Practices, Business Cycles |
| CC-102 | Principles of Marketing | Core | 4 | Introduction to Marketing, Marketing Mix, Product Decisions, Pricing Decisions, Promotion and Distribution Decisions |
| CC-103 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting, Capital Structure, Working Capital Management, Dividend Policy |
| CC-104 | Financial and Management Accounting | Core | 4 | Introduction to Accounting, Partnership Accounts, Company Accounts, Cost Accounting, Management Accounting |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-201 | Organizational Behavior | Core | 4 | Introduction to Organizational Behavior, Perception and Learning, Motivation, Group Dynamics and Team Building, Leadership |
| CC-202 | Marketing Research | Core | 4 | Introduction to Marketing Research, Research Design, Data Collection, Sampling, Data Analysis and Reporting |
| CC-203 | Investment Management | Core | 4 | Investment Avenues, Risk and Return, Equity Analysis, Debt Instruments, Portfolio Management |
| CC-204 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-301 | Research Methodology | Core | 4 | Introduction to Research, Research Design, Data Collection and Tools, Sampling and Hypothesis Testing, Report Writing |
| SG-301 | Advanced Auditing | Specialization Group (Accountancy & Auditing) | 4 | Introduction to Auditing, Audit Planning, Audit of Companies, Special Audits, Audit Report |
| SG-302 | Advanced Accounting | Specialization Group (Accountancy & Auditing) | 4 | Accounting Standards, Corporate Financial Reporting, Consolidation of Accounts, Valuation of Goodwill and Shares, Recent Trends in Accounting |
| SG-303 | Advanced Cost and Management Accounting | Specialization Group (Accountancy & Auditing) | 4 | Cost Concepts, Marginal Costing, Standard Costing, Budgetary Control, Responsibility Accounting |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-401 | Business Ethics and Corporate Governance | Core | 4 | Introduction to Business Ethics, Ethical Theories, Corporate Social Responsibility, Corporate Governance, Role of Board of Directors |
| SG-401 | International Accounting | Specialization Group (Accountancy & Auditing) | 4 | Introduction to International Accounting, International Financial Reporting Standards (IFRS), Accounting for Foreign Currency, Harmonization of Accounting Standards, International Taxation |
| SG-402 | Taxation (Direct and Indirect) | Specialization Group (Accountancy & Auditing) | 4 | Introduction to Taxation, Income Tax Act, Goods and Services Tax (GST), Tax Planning, Recent Amendments in Taxation |
| SG-403 | Project Work | Project (Specialization Group) | 4 | Project Formulation, Data Collection and Analysis, Report Writing, Presentation, Viva-voce |
