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BCOM-FINANCE-TAXATION in Finance And Taxation at Mar Thoma College, Tiruvalla
Pathanamthitta, Kerala
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About the Specialization
What is Finance and Taxation at Mar Thoma College, Tiruvalla Pathanamthitta?
This Finance and Taxation program at Mar Thoma College, Pathanamthitta, focuses on equipping students with a robust understanding of financial markets, investment strategies, and the intricate world of Indian taxation. It aims to develop professionals adept at navigating financial regulations and tax compliance, highly relevant in India''''s evolving economic landscape. The curriculum emphasizes both theoretical knowledge and practical application, preparing students for dynamic roles.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into financial accounting, tax consultancy, or banking sectors in India. It also suits individuals with a keen interest in personal finance and investment, looking to build a professional career. Students from a commerce background with analytical skills and an aptitude for numbers will find this specialization particularly rewarding, paving the way for lucrative opportunities.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India such as Tax Consultants, Financial Analysts, Accountants, Auditors, and Investment Advisors. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs per annum, with significant growth potential reaching INR 8-15 Lakhs for experienced professionals. The program also provides a strong foundation for pursuing professional certifications like CA, CMA, or CS.
Student Success Practices
Foundation Stage
Strengthen Accounting and Statistical Fundamentals- (Semester 1-2)
Dedicate consistent effort to master basic accounting principles, financial statements, and statistical methods covered in semesters 1-2. These are the building blocks for advanced finance and taxation subjects. Regularly solve problems from textbooks and previous year''''s question papers to ensure a solid grasp.
Tools & Resources
Textbooks (e.g., M.Y. Khan & P.K. Jain for Finance, S.P. Gupta for Statistics), Online tutorials (YouTube channels for accounting basics), Practice workbooks
Career Connection
A strong foundation ensures clarity in complex financial concepts later, crucial for roles in financial analysis and auditing.
Develop Essential Business Communication Skills- (Semester 1-2)
Actively participate in English language classes, focusing on report writing, presentation skills, and professional correspondence. Form study groups to practice public speaking and group discussions. Seek feedback from professors to refine communication abilities early on.
Tools & Resources
Grammarly, LinkedIn Learning courses on communication, College''''s language lab
Career Connection
Effective communication is paramount for client interaction, team collaboration, and presenting financial reports in any finance or tax role.
Begin Networking and Industry Awareness- (Semester 1-2)
Attend any introductory workshops or guest lectures organized by the commerce department. Start reading business news, especially related to the Indian economy, finance, and taxation. Connect with seniors to understand industry expectations and initial career paths.
Tools & Resources
The Economic Times, Business Standard, LinkedIn (for following industry leaders), College alumni network events
Career Connection
Early exposure helps in identifying career interests and understanding industry trends, making future career choices more informed.
Intermediate Stage
Master Taxation and Financial Software Skills- (Semester 3-5)
Go beyond classroom learning for Income Tax and GST by exploring practical applications. Seek opportunities to learn financial accounting software like Tally ERP.9 or similar packages, often used in Indian businesses. Look for short-term courses or workshops if available.
Tools & Resources
Tally Education Partner programs, YouTube tutorials for Tally, Income Tax Department website for forms
Career Connection
Proficiency in Tally and practical tax filing knowledge is highly valued by Indian employers in accounting and taxation firms.
Engage in Practical Application and Case Studies- (Semester 3-5)
Form study groups to work on case studies related to corporate law, financial management, and cost accounting. Try to simulate real-world scenarios in problem-solving. Look for college-level competitions or quizzes to test and enhance your applied knowledge.
Tools & Resources
Harvard Business Review case studies (simplified versions), Industry articles and financial reports, College library resources
Career Connection
Applying theoretical knowledge to practical problems sharpens analytical skills, critical for decision-making roles in finance.
Seek Internships and Mentorship- (Semester 3-5)
Actively look for short-term internships during semester breaks, even if unpaid, with local C.A. firms, banks, or small businesses. Connect with faculty mentors to discuss career aspirations and gain insights into specialized fields within finance and taxation.
Tools & Resources
College placement cell, Internshala, Naukri.com, Faculty advisors
Career Connection
Internships provide invaluable practical exposure, build industry contacts, and often lead to pre-placement offers.
Advanced Stage
Intensive Placement and Professional Exam Preparation- (Semester 6)
Begin focused preparation for campus placements or competitive exams like CA, CMA, or CS, based on your career goals. Attend mock interviews, aptitude test workshops, and brush up on core concepts. Collaborate with peers for group study and doubt clearing.
Tools & Resources
Previous year placement papers, Online aptitude test platforms, Coaching institute materials (if pursuing professional exams)
Career Connection
Thorough preparation is critical for securing desired job roles or successfully clearing challenging professional certifications.
Undertake a Comprehensive Research Project- (Semester 6)
Engage deeply in your final semester project, choosing a topic relevant to Finance and Taxation in the Indian context. Focus on robust research methodology, data analysis, and professional report writing. This project is a chance to showcase your specialized knowledge.
Tools & Resources
Academic journals (JSTOR, ResearchGate), Government economic surveys, Statistical software (Excel, R-basics if ambitious)
Career Connection
A well-executed project demonstrates research capabilities, analytical skills, and specialization expertise to potential employers.
Cultivate Financial Literacy and Investment Acumen- (Semester 6)
Actively follow financial news, market trends, and investment opportunities in India. Read books on personal finance and investment management. Consider opening a demat account (if eligible) to gain practical insights into stock market operations. This will complement your Investment Management elective.
Tools & Resources
NSE/BSE websites, Moneycontrol.com, Books by Indian financial experts (e.g., N.R. Narayana Murthy on business), Investment clubs
Career Connection
Practical financial literacy makes you a more informed and attractive candidate for roles in investment banking, wealth management, and financial advisory.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed the Plus Two or equivalent examination with Commerce subjects or having studied any two of the subjects Economics, Computer Application, Statistics and Mathematics.
Duration: 6 semesters / 3 years
Credits: 115 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CC01 | English I | Common Course | 4 | Reading Comprehension, Grammar and Usage, Basic Writing Skills, Communication Strategies, Literary Appreciation |
| ML1CC01 | Additional Language I (Malayalam/Hindi/Arabic/Sanskrit/Tamil) | Common Course | 4 | Language Fundamentals, Grammar, Prose and Poetry, Translation, Cultural Context |
| CO1CR01 | Business Regulatory Framework | Core | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Negotiable Instruments Act, Arbitration and Conciliation |
| CO1CR02 | Business Statistics I | Core | 3 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Index Numbers |
| CO1CM01 | Principles of Business and Management | Complementary | 3 | Nature of Management, Planning and Organizing, Staffing and Directing, Controlling, Entrepreneurship |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CC02 | English II | Common Course | 4 | Advanced Reading, Academic Writing, Critical Thinking, Presentation Skills, Argumentative Essays |
| ML2CC02 | Additional Language II (Malayalam/Hindi/Arabic/Sanskrit/Tamil) | Common Course | 4 | Advanced Grammar, Translation Techniques, Literary Criticism, Contemporary Issues, Communication Practice |
| CO2CR03 | Financial Accounting I | Core | 4 | Accounting Principles, Journal and Ledger, Trial Balance, Final Accounts (Sole Proprietorship), Depreciation Accounting |
| CO2CR04 | Business Statistics II | Core | 4 | Probability Theory, Probability Distributions, Sampling and Estimation, Hypothesis Testing, Chi-Square Test |
| CO2CM02 | Marketing Management | Complementary | 4 | Marketing Concepts, Product Life Cycle, Pricing Strategies, Distribution Channels, Promotion Mix |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN3CC03 | English III | Common Course | 4 | Business Correspondence, Report Writing, Email Etiquette, Memo and Circular Writing, Resume and Cover Letter |
| CO3CR05 | Financial Accounting II | Core | 4 | Partnership Accounts, Admission and Retirement of Partner, Dissolution of Partnership, Company Accounts, Issue of Shares and Debentures |
| CO3CR06 | Corporate Law | Core | 4 | Company Formation, Memorandum and Articles of Association, Shares and Debentures, Directors and Meetings, Winding up of Companies |
| CO3CR07 | Quantitative Techniques for Business | Core | 4 | Linear Programming, Transportation Problem, Assignment Problem, Game Theory, Decision Theory |
| CO3CR08 | Banking and Financial Services | Core | 4 | Commercial Banking, Central Banking (RBI), Money Market, Capital Market, Financial Institutions (NBFCs) |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN4CC04 | English IV | Common Course | 4 | Advanced Business Communication, Public Speaking, Negotiation Skills, Cross-Cultural Communication, Presentation Techniques |
| CO4CR09 | Cost Accounting | Core | 4 | Cost Concepts and Classification, Material Costing, Labour Costing, Overhead Costing, Process and Contract Costing |
| CO4CR10 | Entrepreneurship Development | Core | 4 | Entrepreneurial Process, Business Plan Preparation, Sources of Finance for Startups, Small Scale Industries, Government Policies for Entrepreneurs |
| CO4CR11 | Income Tax Law and Practice I | Core (Specialization) | 4 | Basic Concepts of Income Tax, Residential Status, Exempted Incomes, Income from Salaries, Income from House Property |
| CO4CR12 | Financial Management | Core | 4 | Financial Goals and Objectives, Capital Budgeting, Working Capital Management, Cost of Capital, Dividend Policy |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO5CR13 | Auditing | Core | 4 | Principles of Auditing, Types of Audit, Internal Control System, Vouching, Verification of Assets and Liabilities |
| CO5CR14 | Management Accounting | Core | 4 | Introduction to Management Accounting, Fund Flow Statement, Cash Flow Statement, Ratio Analysis, Budgetary Control |
| CO5CR15 | Computerised Accounting | Core | 4 | Introduction to Tally ERP.9, Accounting Vouchers, Inventory Management, Payroll, GST in Tally |
| CO5CR16 | Income Tax Law and Practice II | Core (Specialization) | 4 | Profits and Gains of Business/Profession, Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses |
| CO5OP01 | Open Course | Open Course | 3 | Varies based on student''''s choice from other departments offerings (e.g., Human Rights, Disaster Management, Cyber Security, etc.) |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO6CR17 | Goods and Services Tax (GST) | Core (Specialization) | 4 | Introduction to GST Law, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, GST Returns and Payments |
| CO6CR18 | Financial Market Operations | Core (Specialization) | 4 | Indian Financial System, Stock Market Operations, Debt Market, Derivatives Market, SEBI Regulations |
| CO6CR19 | International Business | Core | 4 | Theories of International Trade, Foreign Exchange Market, Balance of Payments, EXIM Policy of India, Global Business Strategies |
| CO6EL01E03 | Investment Management (Elective) | Elective (Specialization) | 4 | Investment Avenues, Risk and Return Analysis, Portfolio Management, Fundamental Analysis, Technical Analysis |
| CO6CR20 | Project and Viva Voce | Core | 2 | Research Methodology, Data Collection Techniques, Data Analysis and Interpretation, Report Writing, Presentation Skills |
