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MCOM-FINANCE-AND-TAXATION in Finance And Taxation at Sree Sankara College, Kalady
Ernakulam, Kerala
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About the Specialization
What is Finance and Taxation at Sree Sankara College, Kalady Ernakulam?
This M.Com Finance and Taxation program at Sree Sankara College focuses on equipping students with advanced knowledge in financial management, investment, and direct and indirect taxation. Given India''''s dynamic economic landscape, this specialization is crucial for navigating complex financial regulations and tax structures, preparing graduates for key roles in the rapidly evolving financial sector and corporate compliance, with a strong emphasis on current Indian financial laws.
Who Should Apply?
This program is ideal for commerce graduates (B.Com/BBA/BBM) seeking to specialize in finance and taxation. It caters to fresh graduates aiming for entry-level positions in financial analysis, tax consulting, or corporate accounting within India. It also benefits working professionals looking to enhance their expertise in current Indian tax laws, financial strategies, and compliance for career progression in Indian businesses.
Why Choose This Course?
Graduates of this program can expect diverse India-specific career paths, including Tax Consultant, Financial Analyst, Portfolio Manager, Auditor, or Corporate Accountant in various industries. Entry-level salaries typically range from INR 3-6 lakhs annually, with significant growth potential for experienced professionals in the Indian market. The curriculum aligns with requirements for professional certifications like CA/CMA/CS, offering a strong academic foundation.
Student Success Practices
Foundation Stage
Build Strong Analytical and Quantitative Skills- (Semester 1-2)
Focus heavily on Quantitative Techniques and Research Methodology. Regularly solve problems from textbooks and online resources. Participate in college-level math clubs or workshops to enhance problem-solving speed and accuracy, crucial for finance careers in India.
Tools & Resources
Khan Academy, MGU previous year question papers, Advanced scientific calculator
Career Connection
Strong quantitative skills are fundamental for financial modeling, risk assessment, and data-driven decision making in roles like financial analyst or research associate.
Develop Robust Accounting and Organisational Foundations- (Semester 1-2)
Master Advanced Corporate Accounting and Cost & Management Accounting. Beyond theory, understand how these concepts are applied in real-world Indian companies through case studies and news articles. Participate in accounting competitions or quizzes to sharpen skills.
Tools & Resources
Tally ERP (basic knowledge), Financial newspapers (Economic Times), ICAI study materials for practical insights
Career Connection
This foundation is vital for roles in corporate accounting, auditing, and financial control in any Indian business, ensuring compliance and efficient financial operations.
Engage in Early Business Environment Awareness- (Semester 1-2)
Actively follow economic policies, business news, and market trends in India. Read business magazines and join college economic forums. Understand the impact of government policies on various sectors, especially finance and taxation, for a holistic perspective.
Tools & Resources
Livemint, Business Today, RBI publications, SEBI reports
Career Connection
A keen awareness of the Indian business environment helps in strategic decision-making and provides a competitive edge in interviews for roles across diverse sectors.
Intermediate Stage
Specialise in Direct and Indirect Taxation- (Semester 3-4)
Dive deep into Direct Tax (Income Tax) and Indirect Tax (GST, Customs). Attend workshops on tax filing, GST compliance, and recent amendments. Work on simulated tax scenarios and case studies to understand practical applications of Indian tax laws.
Tools & Resources
Income Tax Act, GST Act, Taxmann publications, Online tax filing portals
Career Connection
This specialization directly prepares students for roles as Tax Consultants, Tax Managers, or Compliance Officers in accounting firms and corporate legal departments across India.
Gain Practical Exposure to Financial Markets- (Semester 3-4)
Understand Indian financial services, money, and capital markets through virtual trading platforms or by attending investment seminars. Follow stock market movements, mutual fund performance, and bond market trends. Learn about SEBI regulations for a practical view.
Tools & Resources
NSE/BSE websites, Moneycontrol.com, Virtual trading apps (e.g., Zerodha Kite demo), SEBI reports
Career Connection
Essential for careers in stockbroking, portfolio management, investment banking, and financial advisory services within the dynamic Indian financial ecosystem.
Develop Investment and Portfolio Management Skills- (Semester 3-4)
Apply concepts from Portfolio Management and Security Analysis. Conduct mock equity research, analyze company financials, and build hypothetical investment portfolios. Participate in investment challenges or quizzes to test your understanding.
Tools & Resources
Financial statements of Indian companies, Equity research reports from brokerage firms, Bloomberg Terminal (if available)
Career Connection
Crucial for roles like Equity Analyst, Portfolio Manager, Investment Advisor, preparing students to manage individual or institutional investments effectively in India.
Advanced Stage
Master Project-Based Research and Presentation- (Semester 4)
Utilize the Project and Viva Voce subject to undertake a comprehensive research project related to finance or taxation. Focus on rigorous data analysis, ethical considerations, and professional report writing and presentation skills for academic and industry impact.
Tools & Resources
SPSS/R/MS Excel for data analysis, LaTeX/Microsoft Word for report writing, PowerPoint for presentations
Career Connection
Develops critical thinking, independent research, and communication skills, highly valued in corporate research, consulting, and advanced finance roles in India.
Prepare for Placements and Professional Interviews- (Semester 4)
Actively participate in campus placement drives. Prepare a strong resume highlighting specialization skills. Practice aptitude tests, group discussions, and mock interviews focusing on finance and taxation concepts relevant to Indian companies. Network with alumni for insights.
Tools & Resources
Online aptitude test platforms, Interview preparation guides, LinkedIn for networking, College placement cell resources
Career Connection
Directly leads to successful placements in leading financial institutions, accounting firms, and corporations in India, securing desired entry-level or mid-level roles.
Build Professional Network and Continuous Learning- (Semester 3-4 and beyond)
Attend webinars and workshops by professional bodies like ICAI, ICSI, and industry associations. Network with professionals on platforms like LinkedIn. Subscribe to financial newsletters to stay updated on industry changes and new regulations in India for long-term growth.
Tools & Resources
LinkedIn, Professional body websites (ICAI, ICSI), Industry conferences (online/offline), Financial news blogs
Career Connection
Fosters lifelong learning, opens doors to mentorship, and provides insights into emerging career opportunities and industry trends, ensuring long-term career growth in the finance sector.
Program Structure and Curriculum
Eligibility:
- B.Com/BBA/BBM Degree with not less than 45% marks in the qualifying examination. For SC/ST candidates, a pass in the qualifying examination is sufficient. SEBC/OEC candidates will be given a relaxation of 5% marks.
Duration: 4 semesters / 2 years
Credits: 72 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM01C01 | Business Environment and Policy | Core | 4 | Economic Environment, Socio-cultural Environment, Political and Legal Environment, Technological Environment, Global Environment, Business Ethics |
| MCM01C02 | Organisational Theory and Behaviour | Core | 4 | Organisation Theory, Organisation Structure, Behavioural Foundations, Individual Behaviour, Group Dynamics, Organisational Change and Development |
| MCM01C03 | Quantitative Techniques for Business Decisions | Core | 4 | Probability and Probability Distributions, Sampling Theory, Testing of Hypotheses, Correlation and Regression, Time Series Analysis, Decision Theory |
| MCM01C04 | Research Methodology for Business | Core | 4 | Research Design, Data Collection, Sampling, Scaling Techniques, Data Processing and Analysis, Report Writing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM02C05 | Advanced Corporate Accounting | Core | 4 | Accounting Standards, Amalgamation, Absorption and Reconstruction, Group Accounts, Financial Reporting, Accounting for Service Sector |
| MCM02C06 | Advanced Cost and Management Accounting | Core | 4 | Cost Concepts, Activity Based Costing, Marginal Costing, Standard Costing, Budgetary Control, Responsibility Accounting |
| MCM02C07 | Financial Management | Core | 4 | Financial Decisions, Working Capital Management, Capital Structure, Dividend Policy, Investment Decisions, Sources of Finance |
| MCM02C08 | E-Commerce | Core | 4 | E-Commerce Introduction, E-Payment Systems, E-Marketing, E-CRM, Legal and Ethical Issues, Security Issues |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM03C09 | International Business | Core | 4 | Theories of International Trade, Foreign Exchange Market, Balance of Payments, International Financial Institutions, Regional Economic Groupings, Export-Import Procedures |
| MCM03T01 | Direct Tax – Law and Practice | Elective (Specialization) | 4 | Basic Concepts of Income Tax, Residential Status, Heads of Income, Deductions, Assessment of Individuals, Tax Planning |
| MCM03T02 | Financial Services and Markets | Elective (Specialization) | 4 | Indian Financial System, Money Market, Capital Market, Financial Institutions, Merchant Banking, Mutual Funds |
| MCM03T03 | Portfolio Management | Elective (Specialization) | 4 | Investment Process, Risk and Return, Modern Portfolio Theory, Portfolio Performance Evaluation, Asset Allocation, Equity Valuation |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM04C10 | Marketing Management | Core | 4 | Marketing Concepts, Product Decisions, Pricing Decisions, Promotion Decisions, Distribution Decisions, Marketing Ethics |
| MCM04T04 | Indirect Tax – Law and Practice | Elective (Specialization) | 4 | Goods and Services Tax (GST) Act, IGST, UTGST, SGST, Input Tax Credit, Customs Duty, GST Administration |
| MCM04T05 | Security Analysis | Elective (Specialization) | 4 | Investment Alternatives, Fundamental Analysis, Technical Analysis, Efficient Market Hypothesis, Equity Valuation Models, Fixed Income Securities |
| MCM04PR01 | Project and Viva Voce | Project | 4 | Research Proposal Development, Data Collection and Analysis, Report Writing and Structure, Presentation Skills, Viva Voce Preparation, Ethical Considerations in Research |
