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MCOM in Accounting Taxation at SANGAMESHWAR DEGREE COLLEGE
Bagalkote, Karnataka
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About the Specialization
What is Accounting & Taxation at SANGAMESHWAR DEGREE COLLEGE Bagalkote?
This Accounting & Taxation program at SANGAMESHWAR DEGREE COLLEGE, affiliated with Rani Channamma University, focuses on equipping students with advanced knowledge in financial accounting principles and the intricate Indian tax system. It delves into corporate financial reporting, direct and indirect taxation (including GST), and international taxation, preparing graduates for the dynamic financial landscape of India. The program emphasizes both theoretical foundations and practical applications relevant to the Indian industry.
Who Should Apply?
This program is ideal for B.Com, BBA, or BBM graduates seeking to specialize in core accounting and taxation practices. It caters to aspiring tax consultants, financial analysts, auditors, and accounting professionals who wish to understand the nuances of Indian tax laws and financial reporting standards. Individuals aiming for roles in corporate finance departments, public accounting firms, or pursuing professional certifications like CA/CS/CMA will find this curriculum highly beneficial for their career progression.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths as Tax Consultants, Financial Accountants, Auditors, or Compliance Officers in India. Entry-level salaries typically range from INR 3-5 LPA, growing significantly with experience to INR 8-15+ LPA for senior roles. The specialization aligns well with the requirements for appearing in professional examinations, offering a strong academic foundation. It also opens doors to roles in multinational corporations operating in India and various government financial departments.
Student Success Practices
Foundation Stage
Strengthen Core Accounting & Economic Fundamentals- (Semester 1-2)
Dedicate time in the first two semesters to build a robust understanding of advanced financial management, accounting for business decisions, and managerial economics. Utilize textbooks, online tutorials, and practice problems regularly. Focus on conceptual clarity as these subjects form the backbone for later specialization.
Tools & Resources
NPTEL courses on Accounting/Finance, Indian financial newspapers (e.g., The Economic Times), ICAI study material (for foundational topics)
Career Connection
A strong foundation ensures better grasp of advanced tax and reporting concepts, crucial for analytical roles and professional exams.
Develop Quantitative and Research Skills- (Semester 1-2)
Actively engage with Quantitative Techniques and Research Methodology. Practice problem-solving in areas like Linear Programming and statistical analysis. Start reading business research papers to understand methodologies. This builds analytical acumen essential for financial modeling and market research.
Tools & Resources
Microsoft Excel for data analysis, Research journals (e.g., IIM Research Papers), Khan Academy for statistics
Career Connection
These skills are highly valued for data-driven decision-making roles in finance and consulting, improving job prospects.
Participate in Academic Workshops and Seminars- (Semester 1-2)
Attend college-organized workshops or webinars on topics like financial literacy, investment basics, or GST awareness. These events often feature industry experts, providing practical insights and networking opportunities. Seek out opportunities for peer-to-peer learning groups.
Tools & Resources
College notice boards, Department social media groups, Professional bodies'''' student events
Career Connection
Enhances practical knowledge beyond syllabus, fosters industry awareness, and helps in early networking for internships and placements.
Intermediate Stage
Master Income Tax and Corporate Tax Concepts- (Semester 3)
During the specialization semesters, deeply immerse in Income Tax I and Corporate Tax Planning. Follow current amendments to the Income Tax Act, 1961. Solve case studies involving various heads of income and corporate tax computations. Focus on understanding the legal interpretations.
Tools & Resources
Income Tax Act, 1961 bare act, Taxmann''''s modules, CA/CS coaching material for specific topics
Career Connection
Directly prepares students for roles as tax advisors, compliance officers, and ensures a competitive edge in tax-related interviews.
Undertake Practical Projects and Internships- (Semester 3)
Actively seek short-term internships with local accounting firms, tax consultants, or small businesses to apply theoretical knowledge of taxation and financial reporting. For Project Work I, choose a topic relevant to Indian accounting standards (Ind AS) or a contemporary tax issue. This hands-on experience is invaluable.
Tools & Resources
LinkedIn for internship search, Local Chamber of Commerce listings, College placement cell guidance
Career Connection
Practical exposure bridges the gap between academics and industry, making students job-ready and providing valuable resume points.
Network with Professionals and Alumni- (Semester 3)
Attend industry-specific events, professional body meetings (e.g., ICAI, ICSI student chapters), and connect with alumni working in accounting and taxation. Utilize platforms like LinkedIn to build a professional network. These connections can lead to mentorship, internship leads, and career advice.
Tools & Resources
LinkedIn, Professional body events (ICAI, ICSI), Alumni meet-ups
Career Connection
Expands career opportunities, provides insights into industry trends, and facilitates job search and mentorship.
Advanced Stage
Deep Dive into GST and Financial Reporting- (Semester 4)
For the final semester, focus intensely on Goods and Services Tax (GST) and Financial Reporting and Analysis. Understand the latest GST amendments, e-invoicing, and Ind AS implementation. Practice preparing and analyzing complex financial statements and tackling advanced GST problem scenarios. Consider GST certification courses.
Tools & Resources
GST portal (gst.gov.in), Ind AS standards documents, Professional coaching material for GST/Ind AS
Career Connection
Essential for roles requiring expertise in indirect taxation and corporate financial reporting, highly demanded skills in modern Indian businesses.
Excel in Final Project Work and Presentations- (Semester 4)
Dedicate significant effort to Project Work II. Choose a research topic with practical implications for Indian businesses, such as the impact of recent tax reforms or analysis of financial reporting practices in a specific sector. Develop strong presentation and communication skills to articulate findings effectively.
Tools & Resources
Statistical software (e.g., SPSS, R for analysis), Academic databases for relevant research, Presentation tools (PowerPoint, Google Slides)
Career Connection
Showcases research, analytical, and communication abilities to potential employers, critical for higher-level finance roles.
Prepare for Placements and Professional Exams- (Semester 4)
Simultaneously prepare for campus placements and relevant professional examinations (e.g., NET/SET, or foundation levels of CA/CMA/CS if aspiring). Refine your resume, practice interview skills, and stay updated on current affairs, especially in the finance and economic sectors. Leverage mock interviews and aptitude tests.
Tools & Resources
Placement cell resources, Online aptitude platforms (e.g., IndiaBix), Current affairs magazines/websites
Career Connection
Directly facilitates securing a job post-graduation and lays the groundwork for pursuing further professional qualifications, ensuring a strong career start.
Program Structure and Curriculum
Eligibility:
- Candidates must hold a Bachelor''''s Degree in Commerce (B.Com), Business Administration (BBA), Bachelor of Business Management (BBM), or Bachelor of Computer Applications (BCA) with a minimum of 50% aggregate marks (45% for SC/ST/Cat-I candidates) from a recognized university. (As per Rani Channamma University M.Com admission guidelines)
Duration: 4 semesters / 2 years
Credits: 80 Credits
Assessment: Internal: 20% (for theory papers), 50% (for project work), External: 80% (for theory papers), 50% (for project work)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| HC 1.1 | Advanced Financial Management | Core | 4 | Capital Budgeting Decisions, Capital Structure Theories, Working Capital Management, Dividend Policy and Valuation, Financial Markets and Instruments |
| HC 1.2 | Research Methodology for Business Decisions | Core | 4 | Introduction to Business Research, Research Design and Types, Data Collection Methods and Sampling, Data Analysis and Interpretation, Report Writing and Ethics in Research |
| HC 1.3 | Managerial Economics | Core | 4 | Demand and Supply Analysis, Production and Cost Theories, Market Structures and Pricing Decisions, Business Cycles and National Income, Macroeconomic Policies and Business |
| HC 1.4 | Accounting for Business Decisions | Core | 4 | Financial Statement Analysis, Fund Flow and Cash Flow Statements, Ratio Analysis and Interpretation, Budgetary Control and Variance Analysis, Responsibility Accounting |
| OE 1.5 | Organizational Behaviour | Elective (Open Elective - choice based) | 4 | Individual Behavior and Personality, Motivation Theories and Application, Group Dynamics and Team Building, Leadership Styles and Theories, Organizational Culture and Change |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| HC 2.1 | Human Resource Management | Core | 4 | HR Planning and Job Analysis, Recruitment and Selection Strategies, Training, Development, and Performance Appraisal, Compensation and Benefits Management, Industrial Relations and Employee Welfare |
| HC 2.2 | Marketing Management | Core | 4 | Marketing Environment and Mix, Consumer Behavior and Market Segmentation, Product Life Cycle and Branding, Pricing Strategies and Channels of Distribution, Promotion and Digital Marketing |
| HC 2.3 | Quantitative Techniques for Business Decisions | Core | 4 | Linear Programming and Applications, Transportation and Assignment Problems, Decision Theory and Game Theory, PERT/CPM for Project Management, Simulation and Queuing Theory |
| HC 2.4 | Strategic Management | Core | 4 | Strategic Intent and Environmental Analysis, Strategy Formulation and Choice, Strategy Implementation and Control, Corporate Governance and Social Responsibility, Strategic Leadership and Ethics |
| OE 2.5 | E-Commerce | Elective (Open Elective - choice based) | 4 | E-Commerce Models and Infrastructure, E-Payment Systems and Gateways, Online Marketing and Advertising, Cyber Security and Legal Aspects of E-Commerce, Mobile Commerce and Digital Business |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| HC 3.1 | Income Tax – I | Core | 4 | Basic Concepts and Residential Status, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources |
| DSE 3.2 | Corporate Tax Planning | Core (Discipline Specific Elective) | 4 | Concepts of Tax Planning vs. Tax Evasion, Tax Planning for New Business, Tax Planning for Financial Management Decisions, Tax Planning for Managerial Decisions, Tax Planning for Amalgamation and Merger |
| DSE 3.3 | International Taxation | Core (Discipline Specific Elective) | 4 | Overview of International Taxation, Double Taxation Avoidance Agreements (DTAA), Transfer Pricing Regulations in India, Foreign Tax Credits and Tax Havens, Taxation of Non-Residents and International Transactions |
| SC 3.4 | Investment Management | Elective (Soft Core - choice based) | 4 | Investment Avenues and Process, Risk and Return Analysis, Portfolio Management Theories, Equity and Bond Valuation, Mutual Funds and Financial Derivatives |
| SC 3.5 | Project Work – I | Elective (Soft Core) | 4 | Problem Identification and Formulation, Literature Review and Research Design, Data Collection Methods, Preliminary Data Analysis, Report Writing Fundamentals |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| HC 4.1 | Income Tax – II | Core | 4 | Assessment of Companies, Assessment of Firms and Other Entities, Tax Deduction at Source (TDS) and Tax Collection at Source (TCS), Advance Tax and Self-Assessment Tax, Income Tax Authorities and Appeals |
| DSE 4.2 | Goods and Services Tax (GST) | Core (Discipline Specific Elective) | 4 | Introduction to GST and its Framework, Levy and Collection of GST, Input Tax Credit and its Utilization, Registration, Returns and Refunds under GST, E-way Bills, Assessment and Appeals |
| DSE 4.3 | Financial Reporting and Analysis | Core (Discipline Specific Elective) | 4 | Overview of Financial Reporting Framework, Indian Accounting Standards (Ind AS) and IFRS, Consolidated Financial Statements, Valuation of Shares and Business, Corporate Governance and Reporting |
| SC 4.4 | Financial Derivatives | Elective (Soft Core - choice based) | 4 | Introduction to Derivatives Market, Forwards and Futures Contracts, Options: Types, Payoffs, and Valuation, Swaps: Interest Rate and Currency Swaps, Hedging Strategies using Derivatives |
| SC 4.5 | Project Work – II | Elective (Soft Core) | 4 | Advanced Data Analysis Techniques, Interpretation of Research Findings, Drawing Conclusions and Recommendations, Developing a Comprehensive Project Report, Presentation of Research Outcomes |
