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M-COM in Accounting Taxation at Koneru Lakshmaiah Education Foundation (Deemed to be University)
Guntur, Andhra Pradesh
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About the Specialization
What is Accounting & Taxation at Koneru Lakshmaiah Education Foundation (Deemed to be University) Guntur?
This Accounting & Taxation program at Koneru Lakshmaiah, Guntur, focuses on advanced accounting principles, direct and indirect taxation, financial management, and auditing practices relevant to the Indian economy. The curriculum is designed to equip graduates with expertise in financial reporting, corporate tax laws, and strategic financial decision-making, crucial for India''''s evolving regulatory and business landscape.
Who Should Apply?
This program is ideal for commerce graduates (B.Com, BBA) seeking entry into corporate finance, taxation, or auditing roles in India. It also suits working professionals, such as junior accountants or tax preparers, looking to upskill and gain advanced knowledge in tax compliance and financial analysis. Graduates from economics or related fields interested in a specialized career in finance and taxation can also benefit from this comprehensive program.
Why Choose This Course?
Graduates of this program can expect to pursue dynamic career paths as Tax Consultants, Financial Analysts, Auditors, Compliance Managers, or Financial Accountants across various sectors in India. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning significantly more based on expertise and role. The program also aligns with prerequisites for prestigious professional certifications like CA, CMA, and ACCA, enhancing career growth and credibility.
Student Success Practices
Foundation Stage
Build Strong Accounting and Tax Fundamentals- (Semester 1-2)
Focus on thoroughly understanding core concepts in financial accounting, direct tax laws, and financial management. Utilize prescribed textbooks, reference materials, and online tutorials to solidify theoretical knowledge. Participate actively in peer study groups to discuss complex topics and clarify doubts, ensuring a robust conceptual base.
Tools & Resources
NPTEL courses on Accounting/Finance, ICAI study materials for conceptual clarity, Academic textbooks and reference guides
Career Connection
A strong foundation is critical for excelling in advanced subjects, clearing professional examinations (like CA, CMA), and performing effectively in entry-level finance and tax roles.
Develop Proficiency in Accounting Software- (Semester 1-2)
Actively engage with the Accounting Software Lab, particularly focusing on Tally Prime, to gain hands-on experience in financial entries, GST compliance, payroll, and inventory management. Seek additional online certifications in Tally or other relevant accounting software to demonstrate practical readiness to employers.
Tools & Resources
Official Tally Education modules, YouTube tutorials for practical application, Practice datasets provided in lab sessions
Career Connection
Practical software skills are highly valued by Indian employers in accounting and taxation, ensuring immediate readiness for industry roles and enhancing employability.
Cultivate Research and Analytical Skills- (Semester 1-2)
Pay close attention to the Business Research Methods course, applying learned concepts to small-scale projects or case studies. Practice data collection, analysis using tools like Excel or SPSS (from Business Analytics Lab), and professional report writing. Participate in college-level research competitions or present findings in departmental seminars.
Tools & Resources
Microsoft Excel for data analysis, SPSS software (if available), Scholarly databases like JSTOR, Google Scholar, Research methodology textbooks
Career Connection
Enhances problem-solving capabilities, critical thinking, and data-driven decision-making, which are essential for roles in financial analysis, audit, and strategic planning.
Intermediate Stage
Master Corporate and Indirect Taxation- (Semester 3)
Dive deep into Corporate Taxation and Goods and Services Tax (GST) by analyzing case studies, current tax rulings, and recent amendments. Participate in webinars or workshops on the latest tax reforms in India. Practice preparing mock tax returns for individuals and companies using realistic scenarios to reinforce practical application.
Tools & Resources
Income Tax Act, GST Act and Rules, Taxmann publications for latest updates, Official CBDT/CBIC websites, Tally software for GST compliance
Career Connection
Specialized knowledge and practical application of Indian tax laws are high-demand skills for tax advisory, compliance, and corporate finance roles, offering excellent career prospects.
Gain Insights into Capital Markets and Investments- (Semester 3)
Actively follow the Indian stock market, understand derivatives, and practice investment analysis using tools learned in Investment Management and Capital Market Operations. Participate in virtual stock trading competitions or college investment clubs to apply theoretical knowledge in a simulated environment.
Tools & Resources
NSE/BSE websites for market data, Financial news portals like Moneycontrol, Brokerage platforms with virtual trading facilities, NISM study materials for market certifications
Career Connection
Prepares students for diverse roles in wealth management, equity research, portfolio management, and financial advisory, leveraging a strong understanding of capital markets.
Seek Industry Internships or Live Projects- (Semester 3 (during/after))
Actively search for internships with reputable accounting firms, tax consultants, or corporate finance departments during semester breaks or alongside studies. Volunteer for live projects offered by faculty or industry collaborations to gain invaluable practical exposure and apply classroom learning to real-world business problems.
Tools & Resources
College placement cell, LinkedIn and Internshala for internship searches, Industry networking events, Faculty project opportunities
Career Connection
Provides critical work experience, builds professional networks, enhances resume value, and significantly boosts placement opportunities in your chosen specialization.
Advanced Stage
Excel in Project Work for Specialization Depth- (Semester 4)
Choose a compelling project topic in Accounting or Taxation that strongly aligns with your career interests and current industry trends. Conduct thorough research, apply appropriate methodologies, and develop robust analytical skills. Focus on presenting practical implications and potential solutions for real-world accounting/tax challenges in your final report and presentation.
Tools & Resources
Research databases for literature review, Statistical software (if applicable), Expert interviews with industry professionals, Guidance from project mentors and faculty
Career Connection
A well-executed and insightful project demonstrates specialized expertise, research capability, and problem-solving skills, which are highly beneficial for interviews and future advanced roles.
Prepare Rigorously for Placements and Professional Exams- (Semester 4)
Attend all placement training sessions, meticulously practice aptitude tests, participate actively in group discussions, and ace mock interviews. Simultaneously, if pursuing, start intensive preparation for professional certifications like CA, CMA, ACCA, or NISM modules to significantly enhance your credentials and marketability in the job market.
Tools & Resources
Online aptitude platforms (e.g., Indiabix), Interview preparation guides, Professional body websites for exam resources, College placement cell workshops and mentorship
Career Connection
Directly impacts placement success into desired roles and lays the foundation for accelerated long-term career growth in specialized finance and tax fields.
Build a Professional Network and Personal Brand- (Semester 4 and beyond)
Actively network with alumni, industry professionals, and faculty members through formal and informal channels. Attend industry seminars, workshops, and conferences to stay updated and make connections. Create a professional LinkedIn profile showcasing your skills, projects, and internships, and actively engage in discussions relevant to finance and taxation.
Tools & Resources
LinkedIn for professional networking, Memberships in professional bodies (e.g., NISM), Industry-specific events and job fairs, College alumni network and career services
Career Connection
Opens doors to unadvertised job opportunities, mentorship, and invaluable career guidance, fostering continuous professional development and long-term career success.
Program Structure and Curriculum
Eligibility:
- Bachelor’s Degree (B.Com / BBA / BBM / B.A. (Economics) / B.Sc. (Mathematics/Statistics/Computer Science)) with 50% aggregate marks.
Duration: 2 years (4 semesters)
Credits: 90 Credits
Assessment: Internal: 40%, External: 60%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CO5101 | Accounting for Managerial Decisions | Core | 4 | Managerial Accounting Overview, Financial Statement Analysis, Fund Flow and Cash Flow Statements, Ratio Analysis Techniques, Cost-Volume-Profit Analysis |
| 21CO5102 | Business Environment | Core | 4 | Economic Environment, Political and Legal Environment, Socio-Cultural Environment, Technological Environment, International Business Environment |
| 21CO5103 | Business Research Methods | Core | 4 | Fundamentals of Research, Research Design Types, Data Collection Methods, Sampling Techniques, Data Analysis and Report Writing |
| 21CO5104 | Financial Management | Core | 4 | Financial Goals and Functions, Capital Budgeting Decisions, Capital Structure Theories, Working Capital Management, Dividend Policy Decisions |
| 21CO5105 | Marketing Management | Core | 4 | Marketing Concepts and Orientations, Market Segmentation and Targeting, Product and Pricing Decisions, Promotion and Distribution Strategies, Marketing Mix Elements |
| 21CO5106 | Accounting Software Lab | Lab | 4 | Tally Prime Fundamentals, Accounting Vouchers and Ledgers, GST Accounting and Reporting, Payroll Management, Inventory Management and Financial Statements |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CO5201 | Direct Tax Laws | Core | 4 | Income Tax Act 1961 Basics, Residential Status and Tax Incidence, Heads of Income (Salary, House Property), Profits and Gains of Business/Profession, Capital Gains and Other Sources |
| 21CO5202 | Organizational Behaviour | Core | 4 | Foundations of Organizational Behaviour, Perception and Learning, Personality and Attitudes, Motivation Theories, Group Dynamics and Leadership |
| 21CO5203 | Investment Management | Core | 4 | Investment Avenues and Process, Risk and Return Analysis, Portfolio Management Theories, Fundamental Analysis, Technical Analysis |
| 21CO5204 | International Business | Core | 4 | Globalization and International Trade, Theories of International Trade, Foreign Exchange Markets, International Financial Institutions, International Marketing Strategies |
| 21CO5205 | Principles and Practices of Auditing | Core | 4 | Auditing Concepts and Objectives, Types of Audits and Auditors, Internal Control Systems, Audit Planning and Documentation, Audit Report and Standards on Auditing |
| 21CO5206 | Business Analytics Lab | Lab | 4 | Introduction to Business Analytics, Descriptive Analytics Techniques, Predictive Analytics Models, Prescriptive Analytics and Optimization, Data Visualization using Excel/SPSS |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CO6101 | Corporate Taxation | Core | 4 | Assessment of Companies, Minimum Alternate Tax (MAT), Taxation of Capital Gains for Companies, Tax Planning and Management, International Taxation Overview |
| 21CO6102 | Goods and Services Tax | Core | 4 | Introduction to GST Law, Levy and Collection of GST, Input Tax Credit Mechanism, Time and Value of Supply, GST Registration and Returns |
| 21CO6103 | Derivatives and Risk Management | Core | 4 | Forwards and Futures Contracts, Options Contracts and Strategies, Swaps and Interest Rate Swaps, Hedging Techniques, Value at Risk (VaR) Calculation |
| 21CO6104 | E-Commerce | Core | 4 | E-Commerce Business Models, E-Marketing and Advertising, E-Payment Systems and Security, Cyber Security in E-Commerce, Legal Aspects of E-Commerce |
| 21CO6105 | Capital Market Operations | Core | 4 | Primary Market Operations, Secondary Market Trading, Stock Exchanges and Indices, SEBI and Market Regulators, Depositories and Trading Mechanism |
| 21CO6106 | Foreign Exchange Management | Core | 4 | Foreign Exchange Market Structure, Exchange Rate Determination Theories, Currency Risk Management, Foreign Exchange Management Act (FEMA), International Parity Conditions |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| 21CO6201 | Project Work | Project | 10 | Research Problem Identification, Literature Review and Hypothesis, Methodology and Data Collection, Data Analysis and Interpretation, Report Writing and Presentation |
| 21CO6202 | Viva-Voce | Viva | 8 | Comprehensive knowledge of M.Com curriculum, In-depth understanding of project work, Clarity on research findings, General awareness in commerce and finance, Communication and presentation skills |
