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M-COM in Finance And Taxation at Viswabrahmana College, Vechoochira
Pathanamthitta, Kerala
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About the Specialization
What is Finance and Taxation at Viswabrahmana College, Vechoochira Pathanamthitta?
This Finance and Taxation program at Viswabrahmana College, affiliated with Mahatma Gandhi University, offers an in-depth exploration of advanced financial concepts and the intricacies of India''''s tax framework. It is designed to equip students with specialized knowledge in investment management, corporate finance, and direct and indirect taxation, highly relevant for the dynamic Indian economy and its burgeoning financial and corporate sectors.
Who Should Apply?
This program is ideal for commerce graduates seeking entry into the financial services, taxation, or corporate finance sectors. It also caters to existing accounting or finance professionals aiming to specialize further in tax planning or investment strategies, along with career changers who possess a strong analytical aptitude and desire to transition into India''''s robust financial and taxation industries.
Why Choose This Course?
Graduates of this program can expect promising career paths as Financial Analysts, Tax Consultants, Investment Managers, or Auditors in India. Entry-level salaries typically range from INR 3-6 lakhs per annum, with experienced professionals earning significantly more. The strong foundation also aids in pursuing professional certifications like CA, CS, or CFA, boosting growth trajectories within Indian and multinational companies operating in India.
Student Success Practices
Foundation Stage
Strengthen Core Commerce Fundamentals- (Semester 1-2)
Dedicate time to revisit and solidify foundational concepts in accounting, economics, and business statistics. Utilize online platforms like Khan Academy or NPTEL courses for supplementary learning. Form study groups with peers to discuss challenging topics and solve problems collaboratively.
Tools & Resources
Textbooks, Online tutorials (Khan Academy, NPTEL), Study Groups
Career Connection
A strong foundation in these areas is crucial for understanding advanced financial and taxation subjects, making you more adaptable to various entry-level roles in finance and accounting.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Actively participate in quantitative techniques and computer applications classes. Practice data analysis using MS Excel and statistical software. Work on solving numerical problems diligently and understand their application in business scenarios.
Tools & Resources
MS Excel, Tally ERP (basic), Practice problem sets, Financial Calculators
Career Connection
These skills are highly valued in financial analysis, taxation, and research roles, enhancing your ability to interpret financial data and make informed decisions.
Engage in Early Industry Awareness- (Semester 1-2)
Start following business news, financial dailies like The Economic Times or Business Standard, and major financial portals. Attend webinars or workshops on Indian financial markets and taxation trends. This builds awareness of current industry dynamics.
Tools & Resources
The Economic Times, Business Standard, Moneycontrol.com, Industry webinars
Career Connection
Early industry awareness helps in choosing relevant electives, understanding career paths, and performing better in interviews by showcasing informed opinions.
Intermediate Stage
Focus on Specialization-Specific Skills- (Semester 3)
Deep dive into investment management and direct tax planning. Solve case studies related to portfolio construction, security valuation, and income tax computations. Seek practical insights from faculty and visiting lecturers.
Tools & Resources
Investment management software (e.g., screener.in for data), Taxation software (e.g., Tally for GST), Case Study books
Career Connection
Mastering these specialized areas makes you a strong candidate for roles like junior tax consultant, investment associate, or financial planning assistant.
Seek Internships and Practical Exposure- (Semester 3)
Actively search for internships during semester breaks with local accounting firms, financial advisory services, or corporate finance departments. Focus on roles that offer exposure to tax filing, financial statement analysis, or market research.
Tools & Resources
Internship portals (Internshala, LinkedIn), College placement cell, Local business directories
Career Connection
Internships provide invaluable real-world experience, build a professional network, and significantly boost your resume for final placements.
Network and Join Professional Forums- (Semester 3)
Connect with faculty, alumni, and industry professionals through LinkedIn or college networking events. Join student chapters of professional bodies like the Institute of Chartered Accountants of India (ICAI) or local commerce associations for insights and opportunities.
Tools & Resources
LinkedIn, Professional association memberships, Alumni events
Career Connection
Networking opens doors to mentorship, job referrals, and a deeper understanding of industry expectations and career growth paths in India.
Advanced Stage
Undertake a Comprehensive Research Project- (Semester 4)
Choose a relevant topic in finance or taxation for your project. Focus on rigorous data analysis, clear report writing, and strong presentation skills. Seek continuous feedback from your faculty mentor.
Tools & Resources
Statistical software (SPSS, R), Academic journals, Research databases, Presentation tools (PowerPoint)
Career Connection
A well-executed project demonstrates research aptitude, analytical abilities, and problem-solving skills, which are highly valued by recruiters for analyst and specialist roles.
Master Advanced Financial & Tax Concepts- (Semester 4)
Concentrate on understanding complex derivatives, international finance mechanisms, and indirect tax planning (GST). Participate in mock interviews and group discussions focused on current financial and taxation news. Practice viva voce skills.
Tools & Resources
Advanced textbooks, Financial news analysis, Mock interview sessions, Professional discussion forums
Career Connection
Proficiency in advanced topics and strong communication skills are critical for senior roles, competitive exams, and excelling in challenging interviews for finance and taxation positions.
Focus on Placement and Career Readiness- (Semester 4)
Prepare a tailored resume and cover letter for specific roles. Attend placement preparation workshops, practice aptitude tests, and refine your soft skills. Research target companies and their financial/taxation functions in India.
Tools & Resources
Career services department, Online aptitude test platforms, Resume building tools, Company websites
Career Connection
Being well-prepared for the recruitment process ensures you effectively showcase your skills and knowledge, maximizing your chances of securing a desirable placement in India''''s finance and taxation sectors.
Program Structure and Curriculum
Eligibility:
- B.Com/BBA/BBM with a minimum of 45% aggregate marks from a recognized university.
Duration: 4 semesters / 2 years
Credits: 96 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 101 | Research Methodology for Commerce | Core | 4 | Research Introduction, Research Design, Sampling Techniques, Data Collection Methods, Report Writing |
| MCM 102 | Organisational Behaviour | Core | 4 | Introduction to OB, Perception and Learning, Motivation Theories, Group Dynamics and Team Building, Leadership Styles, Organisational Change |
| MCM 103 | Quantitative Techniques for Business Decisions | Core | 4 | Probability Distributions, Sampling and Estimation, Correlation and Regression Analysis, Time Series Analysis, Index Numbers |
| MCM 104 | Business Environment and Policy | Core | 4 | Business Environment Overview, Economic Policies, Industrial Policy, Social Responsibility of Business, International Business Environment |
| MCM 105 | Marketing Management | Core | 4 | Marketing Concepts, Product Decisions, Pricing Strategies, Promotion and Advertising, Distribution Channels, Marketing Ethics |
| MCM 106 | Financial Services | Elective | 4 | Indian Financial System, Merchant Banking, Mutual Funds, Leasing and Hire Purchase, Factoring and Forfaiting, Venture Capital |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 201 | Corporate Financial Reporting | Core | 4 | Financial Statements Analysis, Accounting Standards, Inflation Accounting, Segment Reporting, Value Added Statement |
| MCM 202 | Cost Management | Core | 4 | Cost Concepts and Classification, Marginal Costing, Standard Costing, Budgetary Control, Activity Based Costing, Cost Reduction Techniques |
| MCM 203 | Strategic Management | Core | 4 | Strategy Concepts, Strategic Analysis, Strategy Formulation, Strategy Implementation, Strategic Control, Business Ethics and Strategy |
| MCM 204 | Indian Financial System | Core | 4 | Financial Markets Overview, Money Market Instruments, Capital Market Operations, Financial Institutions, SEBI Regulations, RBI and Monetary Policy |
| MCM 205 | Human Resource Management | Core | 4 | HRM Concepts, HR Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| MCM 206 | Business Ethics and Corporate Governance | Elective | 4 | Business Ethics Principles, Ethical Dilemmas, Corporate Governance Models, Role of Board of Directors, Stakeholder Theory, Corporate Social Responsibility |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 301 | International Business | Core | 4 | Globalization and IB, Theories of International Trade, Modes of Entry into IB, International Financial Markets, International Marketing Strategies, WTO and Trade Blocks |
| MCM 302 | Computer Applications in Business | Core | 4 | MS Excel for Data Analysis, Database Management Systems, Tally ERP for Accounting, E-commerce Concepts, Business Software Applications, Data Security |
| MCM 303 | Investment Management | Core | 4 | Investment Environment, Risk and Return Analysis, Valuation of Securities, Investment Strategies, Derivatives Market, Portfolio Management Introduction |
| MCM 304 | Direct Tax Planning and Management | Core | 4 | Income Tax Act 1961, Heads of Income, Deductions and Allowances, Assessment Procedures, Tax Planning Strategies, Tax Management for Individuals and Corporates |
| MCM 305 | Financial Market Operations | Elective | 4 | Financial System Components, Primary Market Operations, Secondary Market Trading, Stock Exchanges, SEBI Regulations for Markets, Depositories and Custodians |
| MCM 306 | Security Analysis and Portfolio Management | Elective | 4 | Investment Alternatives, Equity Valuation Models, Bond Valuation, Technical Analysis, Fundamental Analysis, Modern Portfolio Theory |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| MCM 401 | International Financial Management | Core | 4 | Forex Markets, Exchange Rate Theories, Currency Risk Management, International Working Capital Management, International Capital Budgeting, International Equity and Debt Markets |
| MCM 402 | Indirect Tax Planning and Management | Core | 4 | GST Act Overview, CGST, SGST, IGST, Input Tax Credit Mechanism, Customs Duty, Excise Duty, GST Compliances and Procedures |
| MCM 403 | Futures, Options and Swaps | Elective | 4 | Derivatives Market Introduction, Forward Contracts, Futures Contracts, Options Contracts, Swaps (Interest Rate, Currency), Hedging Strategies with Derivatives |
| MCM 404 | Strategic Financial Management | Elective | 4 | Financial Strategy Framework, Capital Structure Decisions, Working Capital Management, Dividend Policy, Mergers and Acquisitions, Corporate Restructuring |
| MCM 405 | Project and Viva Voce | Project | 4 | Research Project Proposal, Data Collection and Analysis, Report Writing, Presentation Skills, Viva Voce Examination |
