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M-COM in Finance Taxation at Seth Ram Bahadur Singh Gujarati College
Ernakulam, Kerala
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About the Specialization
What is Finance & Taxation at Seth Ram Bahadur Singh Gujarati College Ernakulam?
This Finance & Taxation program at Seth Ram Bahadur Singh Gujarati College, affiliated with Mahatma Gandhi University, focuses on equipping students with advanced knowledge in financial management, investment strategies, and the intricate landscape of Indian tax laws. It provides a comprehensive understanding of financial markets, corporate finance, direct and indirect taxation, crucial for navigating India''''s dynamic economic environment. The program aims to bridge academic rigor with practical industry relevance.
Who Should Apply?
This program is ideal for commerce graduates seeking to specialize in finance and taxation for higher career trajectories in India. It also suits working professionals, such as junior accountants or financial analysts, aspiring to deepen their expertise and take on senior roles in financial planning, tax consultancy, or corporate finance. Individuals with a strong analytical aptitude and an interest in economic policies and fiscal frameworks would find this specialization rewarding.
Why Choose This Course?
Graduates of this program can expect promising career paths in Indian financial institutions, multinational corporations, and taxation advisory firms. Roles include Financial Analyst, Tax Consultant, Investment Banker, Portfolio Manager, and Auditor, with entry-level salaries typically ranging from INR 3.5 Lakhs to 6 Lakhs annually, growing significantly with experience. The specialization aligns with professional certifications like CA, CMA, and CFP, enhancing growth trajectories in the vibrant Indian job market.
Student Success Practices
Foundation Stage
Master Core Commerce Fundamentals- (Semester 1-2)
Dedicate time in Semesters 1 and 2 to build a strong base in Managerial Economics, Organisational Behaviour, and Advanced Corporate Accounting. Regularly solve problems from textbooks and previous year question papers. Focus on understanding concepts rather than rote learning, as this foundation will be critical for advanced finance and taxation subjects.
Tools & Resources
University textbooks, NPTEL lectures on foundational commerce subjects, Accounting software tutorials (e.g., Tally)
Career Connection
A strong grasp of fundamentals is essential for cracking entrance exams for higher studies or interviews for entry-level accounting and finance roles in Indian companies.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Actively engage with Quantitative Techniques for Business Decisions. Practice problem-solving rigorously, especially in areas like Linear Programming, Statistics, and Financial Modeling. Use spreadsheet software like MS Excel to apply these techniques to business scenarios.
Tools & Resources
MS Excel, Khan Academy for statistics, Online quizzes on quantitative aptitude
Career Connection
These skills are highly valued in financial analysis, risk management, and data-driven decision-making roles within Indian banking and fintech sectors.
Initiate Business News & Market Awareness- (Semester 1-2)
Start reading financial newspapers (e.g., Economic Times, Business Standard) and business magazines regularly to understand the Indian business environment, economic policies, and market trends. Follow major economic news channels and discussions.
Tools & Resources
Economic Times e-paper, Moneycontrol app, RBI official website for policy updates
Career Connection
This practice enhances general awareness, crucial for group discussions, interviews, and understanding the practical application of theoretical concepts in the Indian context.
Intermediate Stage
Deep Dive into Specialization Electives- (Semester 3)
In Semester 3, actively choose and immerse yourself in the Finance & Taxation electives (e.g., Income Tax Law, GST, Financial Markets). Attend workshops, guest lectures by industry experts (CAs, tax consultants), and apply theoretical knowledge to case studies relevant to Indian tax scenarios and financial products.
Tools & Resources
Taxmann publications, ICAI study materials for tax laws, NSE Academy certifications
Career Connection
Specialized knowledge directly prepares you for roles in tax advisory, financial planning, and investment analysis within Indian accounting firms and financial institutions.
Pursue Internships and Certifications- (Semester 3-4 (During breaks))
Seek out short-term internships during semester breaks with local C.A. firms, tax consultancies, or financial advisory companies in Kerala or other Indian cities. Consider pursuing basic certifications in areas like NISM (National Institute of Securities Markets) or Tally to add practical skills.
Tools & Resources
LinkedIn for internship searches, NISM certifications (e.g., Equity Derivatives, Mutual Funds), Tally certification courses
Career Connection
Internships provide real-world exposure to Indian business practices, build professional networks, and significantly boost your resume for placements. Certifications demonstrate specialized practical expertise.
Participate in Competitions and Mock Tax Filings- (Semester 3-4)
Engage in inter-collegiate finance quizzes, stock market simulations, and mock tax return filing exercises. These activities test your knowledge under pressure and provide hands-on experience in complex financial and taxation scenarios common in India.
Tools & Resources
Virtual stock market games (e.g., Dalal Street Investment Journal simulator), Income Tax India e-filing portal (for practice), GST portal (for understanding)
Career Connection
Participation hones problem-solving skills, improves critical thinking, and prepares you for practical challenges faced by finance and tax professionals, making you a more competitive candidate.
Advanced Stage
Excel in Project Work and Viva Voce- (Semester 4)
For the Semester 4 Project and Viva Voce, choose a topic highly relevant to contemporary Indian finance or taxation (e.g., GST''''s impact on SMEs, NPA analysis of Indian banks, investment trends in Indian startups). Conduct thorough research, data analysis, and prepare for a robust defense of your findings.
Tools & Resources
Academic databases (JSTOR, ResearchGate), Statistical software (SPSS, R), Government reports (RBI, Ministry of Finance)
Career Connection
A well-executed project demonstrates independent research capabilities, analytical prowess, and communication skills, which are critical for higher-level roles and academic pursuits in India.
Intensive Placement Preparation- (Semester 4)
Begin intensive preparation for campus placements or job applications. This includes refining your resume, practicing aptitude tests (quantitative, logical reasoning, verbal ability), participating in mock interviews (technical, HR, case studies), and improving communication skills. Focus on Indian company specific interview styles.
Tools & Resources
Placement cell guidance, Online aptitude platforms (e.g., IndiaBix), Interview preparation books and websites
Career Connection
Dedicated preparation is key to securing good placements in top Indian financial firms, advisory roles, and public sector undertakings immediately after graduation.
Networking and Professional Association Engagement- (Semester 4)
Actively network with alumni, faculty, and industry professionals through seminars, conferences, and online platforms. Consider joining student chapters of professional bodies like the Indian Institute of Banking & Finance (IIBF) or other commerce associations to expand your professional circle and stay updated on industry trends.
Tools & Resources
LinkedIn, Industry conferences (virtual/in-person), Professional association memberships
Career Connection
Networking opens doors to mentorship, hidden job opportunities, and insights into career progression within the Indian finance and taxation landscape.
Program Structure and Curriculum
Eligibility:
- A pass in any Bachelor’s Degree (excluding BFA, BSW, B.Voc, Bachelor of Tourism Studies) with not less than 45% marks in the main/core subjects. Candidates belonging to SC/ST communities are eligible for admission if they have minimum pass marks in the qualifying examination. A relaxation of 5% will be allowed to OBC/OEC candidates.
Duration: 4 semesters / 2 years
Credits: 80 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MC0101C01 | Managerial Economics | Core | 4 | Nature & Scope of Managerial Economics, Demand Analysis & Forecasting, Production & Cost Analysis, Market Structure & Pricing Decisions, Capital Budgeting & Risk Analysis |
| MC0101C02 | Organisational Behaviour | Core | 4 | Foundations of Organisational Behaviour, Perception, Learning & Personality, Attitudes, Values & Motivation, Group Dynamics & Conflict Management, Leadership & Organisational Culture |
| MC0101C03 | Quantitative Techniques for Business Decisions | Core | 4 | Linear Programming, Transportation & Assignment Problems, Decision Theory, Game Theory, Network Analysis (PERT/CPM) |
| MC0101C04 | Business Environment | Core | 4 | Indian Business Environment, Economic Policies & Reforms, Industrial Policy, Monetary & Fiscal Policy, International Business Environment |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MC0102C05 | Research Methodology for Business | Core | 4 | Foundations of Research, Research Design & Sampling, Data Collection Methods, Data Analysis & Interpretation, Research Report Writing |
| MC0102C06 | Marketing Management | Core | 4 | Core Marketing Concepts, Product & Pricing Decisions, Promotion & Distribution Strategies, Marketing Channels, Digital Marketing Trends |
| MC0102C07 | Human Resource Management | Core | 4 | Introduction to HRM, HR Planning & Job Analysis, Recruitment & Selection, Training & Development, Performance Management & Compensation |
| MC0102C08 | Advanced Corporate Accounting | Core | 4 | Accounting Standards (Indian AS), Amalgamation & Reconstruction, Consolidated Financial Statements, Valuation of Shares & Goodwill, Accounting for Banks & Insurance Companies |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MC0103C09 | Financial Management | Core | 4 | Capital Budgeting Decisions, Cost of Capital, Capital Structure Theories, Working Capital Management, Dividend Policy Decisions |
| MC0103C10 | Strategic Management | Core | 4 | Concepts of Strategic Management, Environmental Scanning & Analysis, Strategy Formulation, Strategy Implementation, Strategic Control & Evaluation |
| MC0103E01 | Financial Markets and Institutions | Elective (Finance & Taxation) | 4 | Indian Financial System Overview, Money Market Operations, Capital Market Instruments, Financial Institutions & Regulators (RBI, SEBI), Financial Sector Reforms in India |
| MC0103E02 | Income Tax Law and Practice I | Elective (Finance & Taxation) | 4 | Basic Concepts of Income Tax, Residential Status & Tax Incidence, Income from Salaries, Income from House Property, Provisions for Deductions u/s 80C to 80U |
| MC0103E03 | Goods and Services Tax | Elective (Finance & Taxation) | 4 | Introduction to GST in India, Levy & Collection of GST, Input Tax Credit Mechanism, Registration & Composition Levy, GST Returns & Refunds |
| MC0103E04 | Indirect Taxes | Elective (Finance & Taxation) | 4 | Customs Act & Valuation Rules, Types of Customs Duties, Central Excise Act (Historical Context), Service Tax Provisions (Historical Context), Foreign Trade Policy Overview |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MC0104C11 | Accounting for Managerial Decisions | Core | 4 | Cost Concepts & Classification, Marginal Costing & Break-Even Analysis, Budgetary Control & Standard Costing, Variance Analysis, Responsibility Accounting & Transfer Pricing |
| MC0104C12 | International Business | Core | 4 | Theories of International Trade, Modes of Entry into International Business, Foreign Exchange Markets, International Financial Institutions (IMF, World Bank), Impact of Globalisation on Indian Business |
| MC0104E05 | Security Analysis and Portfolio Management | Elective (Finance & Taxation) | 4 | Investment Process & Objectives, Security Valuation Models, Fundamental Analysis & Technical Analysis, Modern Portfolio Theory (MPT), Portfolio Performance Evaluation |
| MC0104E06 | Income Tax Law and Practice II | Elective (Finance & Taxation) | 4 | Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Income & Set-off/Carry-forward of Losses, Assessment Procedures & Appeals |
| MC0104E07 | International Financial Management | Elective (Finance & Taxation) | 4 | Foreign Exchange Market & Operations, Exchange Rate Determination & Theories, Currency Risk Management Techniques, International Capital Budgeting, Sources of International Finance |
| MC0104E08 | Financial Services | Elective (Finance & Taxation) | 4 | Merchant Banking & Issue Management, Leasing & Hire Purchase Financing, Factoring, Forfaiting & Bill Discounting, Venture Capital & Private Equity, Mutual Funds & Asset Management |
| MC0104P01 | Project and Viva Voce | Project | 4 | Identification of Research Problem, Literature Review & Methodology Design, Data Collection & Analysis, Report Writing & Referencing, Presentation & Defense of Project |
