.png&w=1920&q=75)
M-COM in Accountancy at Kodinar Arts & Commerce College
Gir Somnath, Gujarat
.png&w=1920&q=75)
About the Specialization
What is Accountancy at Kodinar Arts & Commerce College Gir Somnath?
This Accountancy program at Kodinar Arts & Commerce College focuses on advanced concepts in financial, cost, and management accounting, along with taxation and auditing. It provides a comprehensive understanding of financial reporting standards and practices crucial for the evolving Indian business landscape, equipping students for diverse roles in finance and accounting.
Who Should Apply?
This program is ideal for B.Com graduates seeking entry into professional accounting roles or those aiming for higher studies like CA/CMA. Working professionals in finance looking to deepen their expertise in Indian tax laws, auditing, and financial reporting will also benefit. Individuals with a strong analytical aptitude and interest in financial data will find this program rewarding.
Why Choose This Course?
Graduates of this program can expect to pursue careers as financial analysts, auditors, tax consultants, and management accountants within Indian corporations, accounting firms, and public sector organizations. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience. The program aligns with the knowledge required for advanced professional certifications in India.
Student Success Practices
Foundation Stage
Master Core Accounting & Economic Fundamentals- (Semester 1-2)
Focus on building a strong foundation in Advanced Accounting, Corporate Accounting, and Managerial Economics. Attend all lectures, actively participate in discussions, and solve practical problems daily. Form study groups to clarify concepts and prepare for internal assessments.
Tools & Resources
Textbooks, Saurashtra University prescribed materials, Online accounting tutorials (e.g., ICAI resources for foundational concepts), Peer study groups
Career Connection
A solid understanding of these fundamentals is essential for cracking entry-level finance and accounting interviews and for future specialization in areas like taxation and auditing.
Develop Analytical & Statistical Skills- (Semester 1-2)
Pay close attention to Business Statistics and Research Methodology. Practice problem-solving for statistical techniques and understand different research designs. Apply these skills to analyze economic data or simple business cases, fostering analytical thinking crucial for financial roles.
Tools & Resources
Statistical software tutorials (e.g., Excel for basic stats), Case studies, University library resources on research papers, Workshops on data analysis
Career Connection
Strong analytical skills are highly valued in financial analysis, market research, and audit roles, enabling effective decision-making and problem-solving.
Engage with Business Environment & Management Concepts- (Semester 1-2)
Beyond academics, read business newspapers and magazines (e.g., Economic Times, Business Standard) to understand the current Indian business environment and its impact on management. Participate in college debates or presentations on management theories and their application in Indian companies.
Tools & Resources
Financial newspapers, Business journals, Online business news portals, College debate clubs, Guest lectures
Career Connection
A holistic view of the business environment and management principles helps in understanding organizational structures and strategic decision-making in any Indian corporate setting.
Intermediate Stage
Specialise in Advanced Costing & Auditing- (Semester 3)
Dive deep into Advanced Cost Accounting and Advanced Auditing. Work through complex case studies, simulate audit procedures, and understand the application of Indian Accounting Standards (Ind AS) and Auditing Standards (SAs). Seek opportunities for practical exposure through internships with local accounting firms.
Tools & Resources
ICAI study materials, Tally ERP 9 for accounting practice, Auditing software demos, Networking with practicing CAs and auditors
Career Connection
Strong expertise in these areas is crucial for roles as cost accountants, internal auditors, and statutory auditors in Indian companies.
Grasp International Accounting & Direct Taxation- (Semester 3)
Master International Accounting Standards (IAS/IFRS) and the intricacies of Indian Direct Tax laws (Income Tax Act). Practice tax computations for various income heads and explore tax planning strategies relevant to the Indian context. Keep up-to-date with budget changes and amendments in tax laws.
Tools & Resources
Official IFRS documents, Income Tax Act Bare Act, Tax software tutorials, Business news for budget updates, Tax journals
Career Connection
This knowledge is highly sought after by MNCs operating in India and firms dealing with international clients, as well as roles in corporate taxation.
Develop Management Accounting & Financial Analysis Skills- (Semester 3)
Apply management accounting techniques like budgetary control, marginal costing, and ratio analysis to real-world business scenarios. Practice interpreting financial statements and generating insights for managerial decision-making. Participate in financial modeling competitions if available.
Tools & Resources
Advanced Excel, Financial statement analysis tools, Business simulation games, Case study competitions
Career Connection
These skills are vital for management accountants, financial controllers, and business analysts who drive strategic financial decisions within organizations.
Advanced Stage
Undertake Comprehensive Project Work- (Semester 4)
Dedicate significant effort to the Project Work, choosing a topic relevant to contemporary issues in accounting, taxation, or financial reporting. Conduct thorough research, collect and analyze data, and present your findings professionally. This project is a capstone experience demonstrating your acquired knowledge.
Tools & Resources
Research databases, Statistical analysis software (e.g., SPSS, R for basic), Academic writing guides, Faculty mentorship
Career Connection
A well-executed project enhances your resume, showcases your research and analytical abilities, and can be a strong talking point in placement interviews for specialized roles.
Master Indirect Taxation & Financial Services- (Semester 4)
Gain in-depth knowledge of Goods and Services Tax (GST) in India, including its compliance requirements and impact on businesses. Explore the Indian financial services landscape, including capital markets, mutual funds, and banking. Understand how these sectors interact with the accounting profession.
Tools & Resources
GST portal, SEBI guidelines, Financial news channels, Guest lectures from banking and finance professionals, NISM certifications for capital markets
Career Connection
Expertise in GST is essential for almost all accounting and finance roles in India. Knowledge of financial services opens doors to roles in banking, investment advisory, and financial planning.
Prepare for Placements & Professional Certifications- (Semester 4)
Actively prepare for campus placements or job interviews by refining your resume, practicing aptitude tests, and mock interviews. Simultaneously, explore and begin preparation for professional certifications like CA, CMA, or advanced NISM certifications that complement your M.Com specialization.
Tools & Resources
College placement cell, Career counseling services, Online aptitude test platforms, Professional body websites (ICAI, ICMAI), LinkedIn for networking
Career Connection
This final stage is crucial for securing a desired role in the Indian accounting and finance industry or laying the groundwork for further professional advancement.
Program Structure and Curriculum
Eligibility:
- B.Com. Pass from a recognized university
Duration: 2 years (4 semesters)
Credits: 80 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCO 101 | Management Theory & Organizational Behavior | Core | 4 | Management: Concept and Significance, Planning, Organizing, Staffing, Directing, Controlling, Organizational Behaviour: Nature, Scope & Challenges, Personality, Perception, Learning, Motivation, Leadership, Group Dynamics |
| MCO 102 | Advanced Accounting | Core | 4 | Accounting Standards & Ind AS, Valuation of Goodwill and Shares, Accounting for Amalgamation, Absorption, External Reconstruction, Investment Accounting, Departmental and Branch Accounts |
| MCO 103 | Managerial Economics | Core | 4 | Nature and Scope of Managerial Economics, Demand Analysis and Forecasting, Production and Cost Analysis, Pricing Policies and Practices, Market Structure and Competition |
| MCO 104 | Business Statistics | Core | 4 | Statistical Data and Presentation, Measures of Central Tendency and Dispersion, Correlation Analysis, Regression Analysis, Probability and Probability Distributions |
| MCO 105 | Business Environment | Core | 4 | Concept of Business Environment, Economic Environment, Political and Legal Environment, Socio-Cultural Environment, Technological and Global Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCO 201 | Corporate Accounting | Core | 4 | Company Final Accounts, Cash Flow Statement (Ind AS 7), Fund Flow Statement, Accounting for Holding Companies, Accounting for Banking and Insurance Companies |
| MCO 202 | Research Methodology | Core | 4 | Research: Meaning, Types and Significance, Research Process and Formulation of Research Problem, Research Design and Methods of Data Collection, Sampling Design and Techniques, Data Analysis, Interpretation and Report Writing |
| MCO 203 | Financial Management | Core | 4 | Financial Management: Scope and Objectives, Capital Budgeting Decisions, Capital Structure Theories, Working Capital Management, Dividend Policy Decisions, Leverage Analysis |
| MCO 204 | Marketing Management | Core | 4 | Marketing: Concept, Scope and Challenges, Marketing Environment, Market Segmentation, Targeting, Positioning, Product Decisions, Pricing, Promotion and Place Decisions |
| MCO 205 | Human Resource Management | Core | 4 | HRM: Concept, Functions and Importance, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal and Compensation Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ACC 301 | Advance Cost Accounting | Core (Specialization) | 4 | Cost Accounting System, Process Costing and Joint & By-Products, Standard Costing and Variance Analysis, Budgetary Control, Activity Based Costing (ABC) |
| ACC 302 | Advanced Auditing | Core (Specialization) | 4 | Auditing Standards and Professional Ethics, Internal Control and Internal Audit, Vouching and Verification of Assets & Liabilities, Company Audit and Tax Audit, Investigative Audit and Special Audits |
| ACC 303 | International Accounting | Core (Specialization) | 4 | International Accounting Standards (IAS) and IFRS, Foreign Currency Translation, Accounting for Foreign Operations, International Financial Reporting, Harmonization of Accounting Standards |
| ACC 304 | Management Accounting | Core (Specialization) | 4 | Nature and Scope of Management Accounting, Fund Flow and Cash Flow Analysis, Ratio Analysis for Managerial Decisions, Break-Even Analysis and Marginal Costing, Budgetary Control and Responsibility Accounting |
| ACC 305 | Direct Tax | Core (Specialization) | 4 | Basic Concepts of Income Tax and Residential Status, Heads of Income: Salary, House Property, Heads of Income: Business/Profession, Capital Gains, Other Sources, Deductions from Gross Total Income, Computation of Total Income and Tax Liability |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ACC 401 | Contemporary Issues in Accounting | Core (Specialization) | 4 | Forensic Accounting and Investigative Auditing, Environmental Accounting and Green Accounting, Human Resource Accounting, Social Responsibility Accounting, Valuation Accounting and Inflation Accounting |
| ACC 402 | Financial Reporting | Core (Specialization) | 4 | Conceptual Framework of Financial Reporting, Presentation of Financial Statements (Ind AS 1), Segment Reporting and Related Party Disclosures, Earnings Per Share, Consolidated Financial Statements |
| ACC 403 | Indirect Tax | Core (Specialization) | 4 | Goods and Services Tax (GST) Act: Basic Concepts, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration, Returns and Refunds under GST |
| ACC 404 | Financial Services | Core (Specialization) | 4 | Indian Financial System and Markets, Merchant Banking and Mutual Funds, Leasing and Hire Purchase, Venture Capital and Factoring & Forfaiting, Credit Rating Agencies |
| ACC 405 | Project Work | Project | 4 | Identification of Research Problem, Review of Literature, Research Methodology and Data Collection, Data Analysis and Interpretation, Report Writing and Presentation |
