.png&w=1920&q=75)
M-COM in Accountancy at Shree V. D. Kankiya Arts & Smt. M. R. Sanghvi Commerce College
Amreli, Gujarat
.png&w=1920&q=75)
About the Specialization
What is Accountancy at Shree V. D. Kankiya Arts & Smt. M. R. Sanghvi Commerce College Amreli?
This Accountancy specialization program at Shree V. D. Kankiya Arts And Srimati M. R. Sanghvi Commerce College, Amreli, focuses on developing advanced expertise in financial accounting, cost accounting, auditing, and taxation. It is meticulously designed to meet the evolving demands of the Indian financial sector, equipping students with robust analytical and practical skills essential for modern financial management and statutory compliance. The program''''s strength lies in its comprehensive coverage of both theoretical foundations and practical applications relevant to the Indian business landscape.
Who Should Apply?
This program is ideal for B.Com or BBA graduates seeking advanced knowledge in accounting and finance. It caters to fresh graduates aspiring for roles in auditing, financial analysis, and taxation, as well as working professionals aiming to enhance their skills for career advancement. Individuals looking to prepare for professional certifications like CA, CS, or CMA will also find the curriculum highly beneficial, providing a strong academic base for these rigorous examinations.
Why Choose This Course?
Graduates of this program can expect to pursue dynamic career paths as financial analysts, auditors, tax consultants, management accountants, and finance managers across various industries in India. Entry-level salaries typically range from INR 3.5 to 6.5 LPA, with experienced professionals earning upwards of INR 10-20 LPA, depending on the role and company. The program also aligns with foundational knowledge required for professional certifications, fostering significant growth trajectories within Indian companies.
Student Success Practices
Foundation Stage
Master Advanced Accounting Concepts- (Semester 1-2)
Thoroughly grasp the principles of Advanced Accounting, Financial Reporting, and Cost Accounting. Focus on Indian Accounting Standards (Ind AS) and their practical application. Form study groups to discuss complex problems and practice numerical questions regularly.
Tools & Resources
ICAI study material (for reference), Tally ERP 9, Relevant accounting software tutorials, Online forums like LinkedIn learning groups
Career Connection
A strong foundation in these core areas is crucial for roles in financial analysis, auditing, and management accounting, directly impacting early career success and growth.
Develop Data Analysis and Statistical Skills- (Semester 1-2)
Pay close attention to Advanced Business Statistics, understanding its application in financial data analysis. Practice using statistical tools and software for data interpretation. These skills are vital for informed financial decision-making.
Tools & Resources
Microsoft Excel for data analysis, SPSS (basic exposure), Online courses on business statistics, Case studies on financial modeling
Career Connection
Proficiency in statistical analysis enhances problem-solving abilities, making graduates attractive for roles requiring data-driven insights in finance and consulting.
Build a Strong Ethical and Governance Mindset- (Semester 1-2)
Engage deeply with Business Ethics and Corporate Governance. Understand regulatory frameworks and ethical dilemmas in the Indian corporate context. Participate in discussions and debates on corporate scandals and best practices to develop a strong moral compass.
Tools & Resources
SEBI Regulations, Companies Act 2013, NASSCOM reports on corporate governance, Business magazines (e.g., Business Today)
Career Connection
Ethical leadership and understanding governance frameworks are highly valued in the Indian job market, especially for compliance and senior management roles.
Intermediate Stage
Specialize in Taxation and Compliance- (Semester 3)
Dedicate significant effort to understanding Direct and Indirect Taxes, particularly the GST framework in India. Stay updated with amendments and circulars issued by the Income Tax Department and GST Council. Practice filing returns and tax computations.
Tools & Resources
Income Tax Act 1961, GST Act 2017, Taxmann''''s guides, Online tax portals for practical exposure
Career Connection
Expertise in Indian taxation makes students highly employable as tax consultants, compliance officers, and chartered accountants, commanding competitive salaries.
Engage in Applied Financial Statement Analysis- (Semester 3)
Actively apply concepts from Accounting for Business Decisions by analyzing real-world financial statements of Indian companies. Use tools like ratio analysis, fund flow, and cash flow statements to evaluate company performance and make strategic recommendations.
Tools & Resources
Annual reports of Nifty 50 companies, Moneycontrol.com, Screener.in, Financial modeling in Excel
Career Connection
This practical application is crucial for roles in equity research, credit rating, and financial advisory, providing a distinct edge in placements.
Network with Industry Professionals and Alumni- (Semester 3)
Actively participate in college events, workshops, and seminars where industry professionals and alumni are invited. Leverage these opportunities to build a professional network, gain insights into career paths, and explore potential internship opportunities.
Tools & Resources
LinkedIn, College alumni network events, Industry conferences/webinars
Career Connection
Networking opens doors to mentorship, internships, and hidden job opportunities, significantly improving placement chances in the Indian job market.
Advanced Stage
Undertake an Industry-Relevant Project- (Semester 4)
Choose a challenging project topic that aligns with current industry trends in accountancy or finance, such as forensic accounting, sustainability reporting, or tax planning for startups. Focus on comprehensive research, data analysis, and a well-structured report.
Tools & Resources
Research databases (JSTOR, EBSCO), Statistical software (R, Python basics for data analysis), Mendeley for referencing
Career Connection
A robust project showcases practical skills and research capabilities, making graduates stand out to recruiters for specialized roles and advanced studies.
Prepare for Professional Auditing Roles- (Semester 4)
Delve deep into Advanced Auditing, focusing on Indian auditing standards (SAs) and techniques. Seek practical experience through articleship opportunities or virtual internships. Understand audit software and reporting procedures.
Tools & Resources
SA by ICAI, Audit software demos (e.g., AuditX), Case studies on audit failures and successes
Career Connection
Strong auditing skills are highly sought after by auditing firms (Big Four and mid-size), and internal audit departments, leading to lucrative career paths as statutory or internal auditors.
Develop Advanced Management Information System Competencies- (Semester 4)
Understand how MIS supports financial decision-making and business strategy. Focus on data management, cybersecurity aspects, and the integration of accounting systems within broader enterprise resource planning (ERP) systems. This is vital for modern finance roles.
Tools & Resources
SAP FICO modules (introductory), Oracle Financials (introductory), Online courses on MIS fundamentals, Case studies on digital transformation in finance
Career Connection
Proficiency in MIS prepares graduates for roles that bridge finance and technology, such as financial system analysts, and enhances efficiency in accounting and finance departments, a growing demand in Indian companies.
Program Structure and Curriculum
Eligibility:
- A candidate must hold a Bachelor of Commerce (B.Com) or Bachelor of Business Administration (BBA) degree from Saurashtra University or any other recognized university.
Duration: 2 years / 4 semesters
Credits: 80 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PC101 | ADVANCED ACCOUNTING & FINANCIAL REPORTING | Core | 4 | Accounting Standards, Corporate Financial Reporting, Merger and Amalgamation, Accounting for Banks, Accounting for Insurance Companies |
| PC102 | ADVANCED BUSINESS STATISTICS | Core | 4 | Probability and Probability Distribution, Sampling Distribution & Hypothesis Testing, Index Numbers, Time Series Analysis, Correlation and Regression |
| PC103 | MANAGERIAL ECONOMICS | Core | 4 | Introduction to Managerial Economics, Demand Analysis, Production and Cost Analysis, Market Structures, Pricing Policies |
| EC101 | FINANCIAL MANAGEMENT | Elective | 4 | Introduction to Financial Management, Capital Budgeting, Cost of Capital, Working Capital Management, Dividend Policy |
| PV101 | BUSINESS ETHICS & CORPORATE GOVERNANCE | Value Added / Core | 4 | Introduction to Business Ethics, Ethical Theories, Corporate Governance, Role of Board of Directors, CSR and Sustainability |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PC201 | ADVANCED COST ACCOUNTING | Core | 4 | Cost Control & Cost Reduction, Marginal Costing, Standard Costing, Budgetary Control, Activity Based Costing |
| PC202 | RESEARCH METHODOLOGY | Core | 4 | Introduction to Research, Research Design, Data Collection Methods, Sampling, Data Analysis and Report Writing |
| PC203 | COMPUTER APPLICATIONS IN BUSINESS | Core | 4 | Computer Fundamentals, MS-Office Applications (Word, Excel, PowerPoint), Accounting Software (Tally), E-commerce Concepts, Data Security |
| EC201 | ADVANCED BANKING & INSURANCE | Elective | 4 | Banking System in India, Commercial Banks Operations, Central Banking, Insurance Principles, Types of Insurance |
| PV201 | E-COMMERCE | Value Added / Core | 4 | Introduction to E-commerce, Business Models, E-Payment Systems, E-Security, Legal and Ethical Issues |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PC301 | STRATEGIC MANAGEMENT ACCOUNTING | Core | 4 | Introduction to Strategic Management Accounting, Cost Management, Performance Measurement, Strategic Pricing, Investment Decisions |
| PC302 | DIRECT TAXES | Core | 4 | Basic Concepts of Income Tax, Heads of Income (Salaries, House Property, PGBP), Capital Gains, Other Sources, Deductions & Rebates |
| EC301 | ADVANCED FINANCIAL ACCOUNTING | Elective (Accountancy Group) | 4 | Partnership Accounts, Company Accounts, Investment Accounting, Valuation of Shares & Goodwill, Accounting for Dissolution |
| EC302 | FINANCIAL MARKETS & INSTITUTIONS | Elective (Accountancy Group) | 4 | Indian Financial System, Money Market, Capital Market, Financial Instruments, Financial Intermediaries |
| EC303 | ACCOUNTING FOR BUSINESS DECISIONS | Elective (Accountancy Group) | 4 | Financial Statement Analysis, Ratio Analysis, Fund Flow & Cash Flow Statement, Break-Even Analysis, Budgeting for Decision Making |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| PC401 | INDIRECT TAXES | Core | 4 | Introduction to GST, Supply under GST, Input Tax Credit, Time and Value of Supply, Registration and Returns under GST |
| PC402 | INTERNATIONAL BUSINESS | Core | 4 | Nature of International Business, Theories of International Trade, Foreign Exchange Market, Balance of Payments, International Financial Institutions |
| EC401 | ADVANCED AUDITING | Elective (Accountancy Group) | 4 | Introduction to Auditing, Types of Audit, Audit Planning & Procedures, Internal Control System, Audit Report |
| EC402 | MANAGEMENT INFORMATION SYSTEM | Elective (Accountancy Group) | 4 | Introduction to MIS, Information Systems in Business, Database Management, Decision Support Systems, E-governance |
| EC403A | PROJECT WORK | Project | 4 | Research Problem Identification, Literature Review, Data Collection & Analysis, Report Writing, Presentation |
