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M-COM-FINANCE-TAXATION in Finance Taxation at Kuriakose Elias College, Mannanam
Kottayam, Kerala
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About the Specialization
What is Finance & Taxation at Kuriakose Elias College, Mannanam Kottayam?
This Finance & Taxation program at Kuriakose Elias College, affiliated with Mahatma Gandhi University, focuses on equipping students with advanced knowledge and skills in financial management, investment strategies, and the intricate world of taxation. The curriculum is designed to meet the evolving demands of the Indian financial sector, covering both theoretical foundations and practical applications. It differentiates itself by integrating core financial principles with comprehensive tax laws, crucial for effective corporate and individual financial planning within India. This blend is highly relevant given the dynamic regulatory landscape and burgeoning financial services industry in the country.
Who Should Apply?
This program is ideal for commerce graduates holding a B.Com, BBA, or related degrees, aspiring to build a robust career in finance or taxation. It serves fresh graduates seeking entry-level roles in financial analysis, tax consulting, or accounting, as well as working professionals aiming to enhance their expertise in these specialized domains. The program also caters to those looking to switch to high-growth areas like financial planning, investment banking, or corporate tax strategy in India, requiring a strong foundation in both finance and the Indian tax framework.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths as financial analysts, tax consultants, investment bankers, portfolio managers, or corporate finance specialists within India. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals potentially earning INR 10-25 lakhs or more, depending on the role and industry. The program also prepares students for professional certifications like CA, CFA, or NISM, aligning with the growth trajectories in Indian financial institutions, FinTech companies, and multinational corporations operating in India, fostering expertise in managing financial resources and optimizing tax liabilities.
Student Success Practices
Foundation Stage
Master Core Accounting & Quantitative Skills- (Semester 1-2)
Focus on building a strong base in Advanced Corporate Accounting and Quantitative Techniques. Regularly solve problems from textbooks and previous year question papers. Pay special attention to concepts like financial statement analysis, probability, and hypothesis testing to solidify foundational understanding.
Tools & Resources
MGU Previous Year Question Papers, Standard textbooks on Advanced Accounting and Quantitative Techniques, Microsoft Excel for data analysis exercises
Career Connection
Essential for roles in financial analysis, auditing, and data-driven decision making, forming the bedrock for advanced finance and tax concepts required across all industries.
Develop Research & Analytical Acumen- (Semester 1-2)
Actively engage with the Research Methodology for Business course. Practice formulating research questions, designing simple surveys, and analyzing basic datasets. Participate in seminars and present findings to improve communication and critical thinking skills crucial for business research.
Tools & Resources
SPSS/R for basic statistical analysis, Research journals like Economic and Political Weekly, College library resources
Career Connection
Crucial for market research, financial reporting, and policy analysis roles, and for excelling in the mandatory project work, demonstrating structured problem-solving abilities.
Explore E-Commerce & Digital Trends- (Semester 1-2)
Beyond the e-Commerce and Digital Marketing course, follow industry news and trends in FinTech and digital payments in India. Understand how digital transformation impacts financial services and taxation, recognizing the evolving landscape of the modern economy.
Tools & Resources
Business news portals (e.g., Livemint, Economic Times), RBI publications on digital payments, Webinars on FinTech innovations
Career Connection
Positions in FinTech companies, digital marketing roles in financial institutions, or understanding the evolving landscape for tax implications of digital businesses, staying relevant in a tech-driven market.
Intermediate Stage
Deepen Financial Management & Investment Understanding- (Semester 3)
Concentrate on Financial Management and Capital Market & Financial Services. Solve case studies on capital budgeting, working capital, and investment strategies. Follow Indian stock market trends and learn about various financial instruments available in the market.
Tools & Resources
NSE/BSE websites for live market data, Financial news channels (e.g., ET Now, CNBC TV18), NISM certifications (e.g., Equity Derivatives, Mutual Funds)
Career Connection
Directly prepares for roles in investment banking, portfolio management, equity research, and wealth management in India, offering practical skills highly valued by employers.
Master Indian Taxation Laws- (Semester 3)
Dedicate significant effort to Income Tax and GST. Regularly refer to the Income Tax Act and GST Acts. Solve practical problems, understand compliance procedures, and stay updated with budget announcements and legislative amendments to the tax framework.
Tools & Resources
Taxmann publications, Official websites of Income Tax Department and CBIC, Guidance from local CA/tax practitioners
Career Connection
Essential for tax consulting, corporate taxation, and audit roles, highly sought after in Indian businesses and advisory firms that navigate complex tax regulations.
Engage in Industry-Relevant Workshops and Seminars- (Semester 3)
Actively participate in workshops or webinars organized by professional bodies like ICAI, ICSI, or local industry associations focusing on advanced finance and taxation topics. Seek opportunities for guest lectures by industry experts to gain practical insights.
Tools & Resources
Event calendars of ICAI/ICSI local chapters, Industry body websites, College career development cell for notifications
Career Connection
Enhances practical understanding, expands professional network, and provides insights into current industry practices and hiring trends, improving employability.
Advanced Stage
Undertake a Comprehensive Research Project- (Semester 4)
For the ''''Project and Viva Voce'''' course, choose a topic that aligns with your career interests within Finance & Taxation. Conduct thorough primary and secondary research, apply analytical tools, and prepare a professional report demonstrating your expertise.
Tools & Resources
Academic databases (JSTOR, EBSCO), MGU library resources, Statistical software (R/Python for advanced analysis)
Career Connection
Showcases research capability, problem-solving skills, and deep subject knowledge to potential employers, critical for higher-level analytical and managerial roles.
Focus on Strategic Financial Decision Making- (Semester 4)
Dive deep into Strategic Financial Management and International Finance. Analyze case studies involving mergers & acquisitions, risk management with derivatives, and global financial operations. Understand the strategic implications of financial decisions in a global context.
Tools & Resources
Financial Times, Wall Street Journal, Advanced textbooks on strategic finance, Participation in finance case study competitions
Career Connection
Prepares for senior roles in corporate finance, treasury management, and international business divisions of Indian and multinational companies, providing a strategic advantage.
Intensive Placement & Career Planning- (Semester 4)
Polish your resume, practice interview skills (especially for finance and tax-specific questions), and attend campus recruitment drives. Network with alumni and industry professionals. Consider specialized internships if the program structure allows for direct industry exposure.
Tools & Resources
College placement cell, LinkedIn for professional networking, Mock interview platforms and career counseling services
Career Connection
Direct pathway to securing placements in leading financial institutions, advisory firms, and corporations in India upon graduation, accelerating career entry.
Program Structure and Curriculum
Eligibility:
- B.Com / BBA / BBM / BBS / B.A. Economics / B.Sc. Mathematics / B.Sc. Statistics with not less than 45% marks in the Part III (main) subjects. Candidates belonging to scheduled castes / scheduled tribes need only a pass in the qualifying examination.
Duration: 4 semesters / 2 years
Credits: Minimum 80 credits Credits
Assessment: Internal: 25%, External: 75%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC101 | Business Environment | Core | 4 | Business environment concepts, Economic environment, Political and legal environment, Technological environment, Social and cultural environment, International business environment |
| CC102 | Research Methodology for Business | Core | 4 | Research concepts and process, Research design, Sampling techniques, Data collection methods, Data analysis and interpretation, Research report writing |
| CC103 | Quantitative Techniques for Business Decisions | Core | 4 | Quantitative techniques introduction, Probability and distributions, Sampling and estimation, Hypothesis testing, Correlation and regression analysis, Time series analysis |
| CC104 | Advanced Corporate Accounting | Core | 4 | Company accounts fundamentals, Valuation of goodwill and shares, Amalgamation and absorption, Reconstruction of companies, Consolidated financial statements |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC205 | Advanced Cost and Management Accounting | Core | 4 | Cost concepts and classification, Cost ascertainment methods, Costing techniques (Marginal, Standard), Budgetary control, Decision making techniques, Responsibility accounting |
| CC206 | Financial Management | Core | 4 | Financial management objectives, Capital budgeting decisions, Working capital management, Capital structure theories, Dividend policy, Sources of finance |
| CC207 | Organisational Theory and Behaviour | Core | 4 | Organisational theory evolution, Classical and modern theories, Organisational behavior concepts, Individual and group behavior, Leadership and motivation, Organisational culture and change |
| CC208 | e-Commerce and Digital Marketing | Core | 4 | e-Commerce fundamentals, e-Commerce business models, Online payment systems, Digital marketing strategies, SEO and SEM techniques, Social media marketing and analytics |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC309 | International Business | Core | 4 | Scope of international business, Theories of international trade, WTO and regional blocs, Global financial system, Foreign exchange market, International marketing and logistics |
| CC310 | Capital Market and Financial Services | Core | 4 | Indian financial system, Primary and secondary markets, Capital market instruments, SEBI and regulations, Mutual funds and merchant banking, Factoring, leasing and venture capital |
| EF&T311 | Advanced Financial Management | Elective | 4 | International financial management, Risk management and derivatives, Mergers and acquisitions, Corporate restructuring, Portfolio management strategies, Valuation techniques |
| EF&T312 | Income Tax and GST | Elective | 4 | Basic concepts of Income Tax, Heads of Income, Deductions and rebates, Assessment of individuals, Goods and Services Tax (GST) framework, GST registration, returns, and input tax credit |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EF&T413 | Strategic Financial Management | Elective | 4 | Strategic financial decision making, Shareholder wealth maximization, Corporate valuation models, Risk management strategies, Corporate governance, Financial restructuring |
| EF&T414 | International Finance | Elective | 4 | International monetary system, Foreign exchange market, Exchange rate theories, International capital markets, Managing foreign exchange risk, International investment decisions |
| EF&T415 | Direct Taxes and Tax Planning | Elective | 4 | Corporate taxation, Assessment of firms and trusts, Tax planning concepts, Tax avoidance vs. tax evasion, Transfer pricing, International taxation overview |
| EF&T416 | Project and Viva Voce | Project | 4 | Project identification and formulation, Research design and methodology, Data collection and analysis, Report writing and presentation, Viva voce examination |
