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B-COM-CO-OPERATION in Co Operation at MES M.K. Mackar Pillay College for Advanced Studies
Ernakulam, Kerala
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About the Specialization
What is Co-operation at MES M.K. Mackar Pillay College for Advanced Studies Ernakulam?
This B.Com Co-operation program at MES M.K. Mackar Pillay College for Advanced Studies focuses on the unique aspects of co-operative enterprises, crucial for India''''s socio-economic fabric. It delves into the theory, law, management, accounting, and auditing principles specific to co-operative societies. Given India''''s extensive network of co-operatives in sectors like agriculture, dairy, and banking, this specialization is highly relevant for understanding and contributing to this distinct economic model.
Who Should Apply?
This program is ideal for fresh graduates seeking entry into the co-operative sector, aspiring entrepreneurs looking to establish community-based ventures, or individuals interested in rural development and social enterprise. It also suits those aiming for roles in governmental co-operative departments or regulatory bodies. A foundational interest in commerce, community development, and a basic understanding of economic principles is beneficial.
Why Choose This Course?
Graduates of this program can expect diverse career paths in India, including Co-operative Auditors, Managers of Co-operative Banks, Marketing Executives in co-operative federations, or governmental roles in the Department of Co-operation. Entry-level salaries typically range from INR 2.5 Lakhs to 4.5 Lakhs annually, with significant growth trajectories for experienced professionals reaching INR 8 Lakhs to 15 Lakhs, especially in senior management or regulatory compliance roles.
Student Success Practices
Foundation Stage
Build Strong Accounting Fundamentals- (Semester 1-2)
Focus intensely on Financial Accounting and Business Regulatory Framework. Regularly practice ledger entries, final accounts, and legal case studies. Utilize online tutorials and M.G. University''''s supplementary materials to clarify concepts.
Tools & Resources
Textbooks (e.g., Tally for basic accounting), YouTube tutorials for basic accounting concepts, MGU previous year question papers
Career Connection
A solid understanding forms the bedrock for advanced accounting, auditing, and financial management roles in any co-operative or commercial entity, ensuring accuracy and compliance.
Engage with Co-operative Theory- (Semester 1-2)
Beyond classroom lectures, read up on the history and evolution of co-operative movements in India and globally. Participate in college debates or discussions on co-operative principles to deepen understanding and critical thinking.
Tools & Resources
NCUI publications, International Co-operative Alliance website, Local library resources on co-operative history
Career Connection
This provides a strong theoretical base, crucial for understanding the unique operational ethos of co-operatives and excelling in policy-making or administrative roles within the sector.
Develop Quantitative Skills Early- (Semester 1-2)
Master basic statistical and mathematical tools required for business. Practice problem-solving from various sources for Quantitative Techniques for Business. This skill is critical for data analysis and decision-making.
Tools & Resources
Excel for data handling, Online practice quizzes for statistics, Reference books on business mathematics
Career Connection
Strong quantitative skills are highly valued for roles involving financial analysis, market research, and operational efficiency within co-operative and other businesses.
Intermediate Stage
Undertake Mini Co-operative Case Studies- (Semester 3-4)
Identify local co-operative societies (e.g., dairy, consumer, credit). Conduct small-scale research projects, analyze their management structures, challenges, and successes. Present findings in group projects.
Tools & Resources
Local Co-operative Society annual reports (if available), Government Co-operation Department websites, Interview guides
Career Connection
This practical exposure builds analytical skills and provides insights into real-world co-operative functioning, preparing students for managerial or auditing roles.
Master Co-operative Specific Regulations- (Semester 3-4)
Deep dive into the Kerala Co-operative Societies Act and Rules. Understand its sections, amendments, and implications for various co-operative activities. Attend workshops on co-operative law if available.
Tools & Resources
Official Kerala Co-operative Societies Act document, Legal commentaries on co-operative law, Seminars by co-operative lawyers
Career Connection
Expertise in co-operative law is essential for roles in co-operative auditing, legal compliance, and administration, particularly in governmental co-operative departments.
Prepare for Professional Exams- (Semester 4-5)
Start preparing for entry-level government exams for co-operative roles (e.g., Co-operative Bank Clerk, Jr. Auditor). Focus on general knowledge, quantitative aptitude, and specific co-operation related topics.
Tools & Resources
Co-operative Service Examination Board (CSEB) model papers, General knowledge books, Online aptitude tests
Career Connection
Early preparation significantly enhances chances of securing stable and respected positions within the public co-operative sector in Kerala.
Advanced Stage
Engage in a Specialization-Focused Project- (Semester 5-6)
For the final project, choose a topic directly related to Co-operative Credit, Audit, or Administration. Conduct primary research, interviews, and detailed analysis, showcasing a deep understanding of the chosen area.
Tools & Resources
Research methodology guides, Statistical software (e.g., SPSS, R for basic analysis), Access to relevant co-operative institutions
Career Connection
A well-executed project demonstrates expertise and research capabilities, making you a more attractive candidate for specialized roles and higher studies.
Undertake Internships in Co-operative Bodies- (Semester 5-6)
Seek internships at District Co-operative Banks, primary co-operative societies, or governmental co-operative departments. Gain hands-on experience in accounting, auditing, or administrative functions.
Tools & Resources
College placement cell, Networking with faculty and alumni, Online internship portals
Career Connection
Practical experience is invaluable for placements, providing industry contacts, a deeper understanding of operations, and a competitive edge in job applications.
Develop Computerized Accounting Skills with GST- (Semester 6)
Practice extensively with Tally or similar accounting software, specifically focusing on GST compliance and entries. Complete mock transactions and understand GST filing processes.
Tools & Resources
Tally ERP 9/Prime software, Official GST portal resources, Online courses on GST accounting
Career Connection
Proficiency in computerized accounting with GST is a critical skill for all commerce graduates in India, making you immediately employable in accounting and compliance roles across sectors, including co-operatives.
Program Structure and Curriculum
Eligibility:
- Pass in Plus Two or equivalent examination recognized by Mahatma Gandhi University.
Duration: 6 Semesters (3 years)
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC1CC01 | Financial Accounting I | Core | 4 | Accounting Principles and Standards, Journal and Ledger, Trial Balance, Final Accounts of Sole Proprietor, Bills of Exchange |
| BC1CC02 | Business Regulatory Framework | Core | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Information Technology Act, Negotiable Instruments Act |
| BC1CM01 | Co-operative Theory | Complementary | 4 | Evolution of Co-operation, Principles of Co-operation, Co-operative Movement in India, International Co-operative Alliance, Types of Co-operatives |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC2CC03 | Financial Accounting II | Core | 4 | Consignment Accounts, Joint Venture Accounts, Hire Purchase System, Installment Payment System, Departmental Accounts |
| BC2CC04 | Principles of Business Decisions | Core | 4 | Nature of Management, Planning and Decision Making, Organizing and Staffing, Directing and Controlling, Business Ethics |
| BC2CM02 | Co-operative Management | Complementary | 4 | Co-operative Leadership, Organisational Structure of Co-operatives, Decision Making in Co-operatives, Human Resource Management in Co-operatives, Challenges in Co-operative Management |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC3CC05 | Corporate Accounting I | Core | 4 | Share Capital and Debentures, Redemption of Preference Shares, Redemption of Debentures, Underwriting of Shares, Buy Back of Shares |
| BC3CC06 | Quantitative Techniques for Business | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers, Time Series Analysis |
| BC3CC07 | Co-operative Credit and Banking | Core (Co-operation Specialization) | 4 | Credit System in India, Agricultural Credit Co-operatives, Non-Agricultural Credit Co-operatives, Co-operative Banks, NABARD and Co-operative Credit |
| BC3CM03 | Co-operative Law | Complementary | 4 | Kerala Co-operative Societies Act, Registration of Co-operative Societies, Membership and Share Capital, Management of Societies, Liquidation and Disputes |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC4CC08 | Corporate Accounting II | Core | 4 | Amalgamation of Companies, Absorption and Reconstruction, Holding Company Accounts, Valuation of Goodwill and Shares, Liquidation of Companies |
| BC4CC09 | Income Tax Law and Practice I | Core | 4 | Basic Concepts of Income Tax, Residential Status, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession |
| BC4CC10 | Co-operative Audit and Supervision | Core (Co-operation Specialization) | 4 | Audit Principles and Objectives, Audit of Co-operative Societies, Internal Control in Co-operatives, Role of Auditor in Co-operatives, Supervision and Inspection of Co-operatives |
| BC4CM04 | Co-operative Accounting | Complementary | 4 | Accounting for Primary Agricultural Credit Societies, Accounting for Consumers'''' Co-operatives, Final Accounts of Co-operative Societies, Books of Accounts in Co-operatives, Co-operative Budgeting |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC5CC11 | Cost Accounting | Core | 4 | Elements of Cost, Cost Sheet Preparation, Material Costing, Labour Costing, Overheads Costing |
| BC5CC12 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement |
| BC5CC13 | Entrepreneurship Development and Project Management | Core | 4 | Entrepreneurial Characteristics, Process of Entrepreneurship, Project Identification and Formulation, Project Appraisal, Small Scale Industries |
| BC5CC14 | Financial Management | Core | 4 | Objectives of Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Policy |
| BC5EE01 | Co-operative Movement - National and International | Elective (Co-operation Specialization) | 4 | Growth of Co-operative Movement in India, Structure of Co-operatives in India, Role of Government in Co-operation, International Co-operative Movement, Challenges and Future of Co-operation |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC6CC15 | Auditing | Core | 4 | Meaning and Objectives of Auditing, Types of Audit, Audit Programme, Internal Check and Control, Auditor''''s Report |
| BC6CC16 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Markets, Financial Instruments, Role of RBI and SEBI, Commercial Banks and NBFCs |
| BC6CC17 | Computerised Accounting with GST | Core | 4 | Fundamentals of Computerised Accounting, Accounting Software Packages (Tally), Goods and Services Tax (GST) Framework, GST Registration and Compliance, GST Returns and Accounting Entries |
| BC6CC18 | Co-operative Administration | Core (Co-operation Specialization) | 4 | Principles of Co-operative Administration, Registrar of Co-operative Societies, Department of Co-operation, Legal Framework of Co-operative Administration, Challenges in Co-operative Governance |
| BC6EE02 | Marketing of Co-operative Products | Elective (Co-operation Specialization) | 4 | Marketing Concepts and Co-operatives, Product Planning for Co-operatives, Pricing Strategies in Co-operatives, Distribution Channels for Co-operative Products, Promotion of Co-operative Products |
| BC6PR01 | Project and Viva Voce | Project | 4 | Research Methodology, Data Collection and Analysis, Report Writing, Presentation Skills, Viva Voce Examination |
