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M-COM in Accounting at KLE Society's Shri Channagirishwar Prasadik Arts, Science and D.D. Shirol Commerce College, Mahalingpur
Bagalkot, Karnataka
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About the Specialization
What is Accounting at KLE Society's Shri Channagirishwar Prasadik Arts, Science and D.D. Shirol Commerce College, Mahalingpur Bagalkot?
This Accounting specialization program at KLE Society''''s Shri Channagirishwar Prasadik Arts, Science and D. D. Shirol Commerce College, Bagalkot, focuses on advanced accounting principles, financial reporting, and taxation crucial for the evolving Indian economic landscape. It delves into corporate accounting practices, direct and indirect taxation, and financial analysis, preparing students for rigorous demands in various financial sectors across India.
Who Should Apply?
This program is ideal for commerce and management graduates in India seeking to deepen their expertise in financial reporting, taxation, and corporate accounting. It also caters to aspiring finance professionals, auditors, and tax consultants looking for advanced skills to navigate complex financial regulations. Individuals aiming for roles in corporate finance, public accounting firms, or entrepreneurship within the financial services industry would find this program highly beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding careers as Financial Analysts, Tax Consultants, Auditors, Corporate Accountants, and Financial Managers in India. Entry-level salaries typically range from INR 3.5 to 6 LPA, with experienced professionals earning significantly more. The program aligns with professional certifications like CA, CMA, and ACCA, providing a strong foundation for advanced credentials and accelerated growth in Indian companies.
Student Success Practices
Foundation Stage
Master Core Accounting Fundamentals- (Semester 1-2)
Dedicate significant time to thoroughly understanding subjects like Advanced Financial Accounting and Advanced Cost Accounting. Utilize prescribed textbooks, online tutorials from NPTEL, and ICAI study resources, while solving a wide range of practical problems. A strong command over these fundamentals is essential for succeeding in advanced courses and gaining an edge in early career opportunities.
Tools & Resources
Prescribed textbooks, NPTEL courses, ICAI study materials, Practice problem sets
Career Connection
A solid foundation in core accounting is crucial for entry-level roles in auditing, financial reporting, and corporate finance, making you a competitive candidate for campus placements.
Enhance Analytical and Research Skills- (Semester 1-2)
Actively engage with Research Methodology and Statistical Analysis and Managerial Economics. Practice quantitative problem-solving using tools like MS Excel for data analysis and interpretation. Participate in college-level data analysis workshops or quizzes to hone these skills, which are highly valued by employers in India''''s data-driven financial sector.
Tools & Resources
MS Excel, Statistical software tutorials, Case studies on economic analysis
Career Connection
Strong analytical skills are vital for roles involving financial analysis, market research, and strategic decision-making in Indian businesses.
Cultivate Business Acumen and Current Affairs Awareness- (Semester 1-2)
Beyond academic studies, regularly read leading financial newspapers such as The Economic Times or Business Standard to stay updated on Indian business environments and economic policies. Engage in discussions with peers and faculty on contemporary business challenges and management principles, forming study groups to analyze relevant Indian business case studies.
Tools & Resources
The Economic Times, Business Standard, Financial magazines, Case study platforms
Career Connection
A broad understanding of the business environment helps in excelling in interviews, group discussions, and adapting to corporate roles in India.
Intermediate Stage
Specialize in Taxation and Advanced Financial Reporting- (Semester 3-4)
Deeply immerse yourself in specialized subjects like Direct Taxes, Indirect Taxes, and Financial Statement Analysis and Reporting. Continuously follow updates from the Income Tax Department and GST Council websites. Consider obtaining short-term certifications in Tally or advanced Excel functionalities specifically tailored for financial reporting, which are highly practical in the Indian accounting landscape.
Tools & Resources
Income Tax Department website, GST Council website, Tally software, Advanced Excel courses
Career Connection
Specialized knowledge in Indian taxation and financial reporting is directly applicable to roles in tax consultancy, auditing, and corporate finance departments.
Undertake Practical Industry Internships and Live Projects- (Semester 3-4)
Actively seek and complete internships with local Chartered Accountant (CA) firms, companies, or financial institutions during semester breaks. Apply the theoretical knowledge gained from Accounting for Business Decisions and Advanced Corporate Accounting to real-world scenarios. This practical exposure is invaluable for gaining hands-on experience and improving placement prospects in the Indian job market.
Tools & Resources
Internship portals (e.g., Internshala), College placement cell, Professional networking events
Career Connection
Internships provide crucial industry experience, build professional networks, and often lead to pre-placement offers, significantly enhancing employability.
Network and Participate in Professional Competitions- (Semester 3-4)
Attend webinars, workshops, and seminars organized by professional bodies like ICAI (Institute of Chartered Accountants of India) or local commerce associations. Participate actively in inter-collegiate finance and accounting competitions, quizzes, and mock stock challenges. Building a professional network and demonstrating competitive spirit can open doors to diverse career opportunities across India.
Tools & Resources
ICAI events, Local commerce chambers, College-organized competitions
Career Connection
Networking expands your professional circle, while competition participation showcases your skills and problem-solving abilities to potential employers.
Advanced Stage
Refine Project Work and Enhance Presentation Skills- (Final Year/Career Transition)
Devote significant effort to your M.C 4.5 Project Work, ensuring it addresses a current and relevant industry problem within the Indian context. Seek consistent mentorship from faculty and, if possible, industry professionals. Develop strong presentation and communication skills, as these are critical for conveying complex financial information in interviews and corporate settings in India.
Tools & Resources
Research databases, Statistical software (SPSS/R), Presentation tools (PowerPoint)
Career Connection
A well-executed project demonstrates research capability and analytical rigor, while strong presentation skills are vital for corporate roles and leadership positions.
Rigorous Preparation for Placements and Professional Exams- (Final Year/Career Transition)
Begin intensive preparation for campus placements, focusing on aptitude tests, technical interviews in accounting and taxation, and group discussions common in Indian recruitment drives. For those aspiring to professional certifications like CA, CMA, or ACCA, start preliminary studies to integrate learning with your M.Com curriculum, thereby enhancing your long-term career trajectory and professional recognition.
Tools & Resources
Placement preparation platforms, Mock interview sessions, Professional certification study guides
Career Connection
Targeted preparation maximizes your chances of securing a desirable job post-graduation and accelerates your journey towards esteemed professional qualifications.
Cultivate Ethical Practices and Leadership Qualities- (Final Year/Career Transition)
Develop a deep understanding of ethical implications in the accounting and finance professions by studying relevant case laws and professional codes of conduct. Actively seek and engage in leadership roles within student organizations or college events. These qualities are highly valued by Indian employers who seek responsible, ethical, and capable professionals to lead their organizations.
Tools & Resources
Professional ethics guidelines, Leadership workshops, Student clubs and organizations
Career Connection
Demonstrating ethical leadership builds trust and credibility, paving the way for managerial and leadership roles in the financial sector.
Program Structure and Curriculum
Eligibility:
- Bachelor’s Degree in Commerce/Management/BBM/BBA or its equivalent with not less than 45% marks in aggregate (40% in case of SC/ST/Cat-I candidates) of all the examinations of the degree excluding the language subjects from any recognized University.
Duration: 2 years / 4 semesters
Credits: 92 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.C 1.1 | Management Principles and Organizational Behaviour | Core | 4 | Management Concepts, Planning & Decision Making, Organizing & Staffing, Directing & Controlling, Organisational Behaviour & Dynamics |
| M.C 1.2 | Business Environment | Core | 4 | Components of Business Environment, Economic Environment, Socio-cultural & Political-Legal Environment, Technological Environment, International Environment |
| M.C 1.3 | Advanced Financial Accounting | Core | 4 | Accounting Standards, Partnership Accounts, Company Accounts, Valuation of Goodwill & Shares, Amalgamation, Absorption & Reconstruction, Holding Company Accounts |
| M.C 1.4 | Managerial Economics | Core | 4 | Introduction to Managerial Economics, Demand Analysis & Forecasting, Production & Cost Analysis, Pricing Policies & Practices, Profit Management |
| M.C 1.5 | Research Methodology and Statistical Analysis | Core | 4 | Research Fundamentals & Design, Data Collection Methods, Sampling Techniques, Data Analysis & Interpretation, Hypothesis Testing & Report Writing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.C 2.1 | Advanced Cost Accounting | Core | 4 | Cost Accounting Concepts & Methods, Process Costing, Joint & By-Products Costing, Service Costing, Reconciliation of Cost & Financial Accounts, Activity Based Costing |
| M.C 2.2 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting Decisions, Capital Structure Theories, Working Capital Management, Dividend Policy, Sources of Finance |
| M.C 2.3 | Marketing Management | Core | 4 | Marketing Concepts & Environment, Market Segmentation & Targeting, Product Decisions, Pricing Strategies, Promotion & Distribution Channels |
| M.C 2.4 | Human Resource Management | Core | 4 | HRM Introduction & Planning, Job Analysis, Recruitment & Selection, Training & Development, Performance Appraisal & Compensation, Industrial Relations |
| M.C 2.5 | E-Commerce | Core | 4 | E-Commerce Fundamentals, E-Business Models, E-Marketing & Advertising, E-Payment Systems, E-Security & Legal Aspects |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.C 3.1 | Advanced Corporate Accounting | Core | 4 | Accounting for Banking Companies, Accounting for Insurance Companies, Non-Banking Financial Companies (NBFCs) Accounts, Government Accounts, International Financial Reporting Standards (IFRS), Corporate Social Responsibility (CSR) Reporting |
| M.C 3.2 | Direct Taxes | Elective | 4 | Income Tax Act Introduction, Residential Status & Tax Incidence, Heads of Income (Salaries, House Property), Profits & Gains of Business/Profession, Capital Gains & Other Sources, Deductions & Computation of Taxable Income |
| M.C 3.3 | Financial Statement Analysis and Reporting | Elective | 4 | Financial Statements Overview, Tools of Financial Analysis (Ratio Analysis), Common Size & Comparative Statements, Cash Flow Analysis, Funds Flow Analysis, Corporate Financial Reporting Trends |
| M.C 3.4 | Open Elective | Elective | 4 | Choice based subject from other departments as per university guidelines |
| M.C 3.5 | Internship and Comprehensive Viva-Voce | Internship | 0 | Practical Industry Exposure, Internship Report Writing, Presentation Skills, Viva-Voce Examination |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| M.C 4.1 | International Business | Core | 4 | International Business Environment, Theories of International Trade, Foreign Exchange Market, Balance of Payments, International Financial Institutions, Globalization & Regional Economic Groupings |
| M.C 4.2 | Indirect Taxes | Elective | 4 | Goods and Services Tax (GST) Concepts, Levy & Collection of GST, Time & Value of Supply, Input Tax Credit (ITC), Registration & Returns under GST, Customs Act Overview |
| M.C 4.3 | Accounting for Business Decisions | Elective | 4 | Management Accounting Introduction, Marginal Costing & Break-Even Analysis, Budgetary Control, Standard Costing, Relevant Costing for Decision Making, Capital Investment Decisions & Transfer Pricing |
| M.C 4.4 | Open Elective | Elective | 4 | Choice based subject from other departments as per university guidelines |
| M.C 4.5 | Project Work and Viva-Voce | Project | 4 | Research Problem Identification, Literature Review, Data Collection & Analysis, Project Report Writing, Presentation & Viva-Voce |
