M.Com - Accounting and Finance

Overview :

A Master of Commerce in Accounting and Finance (M.Com in Accounting and Finance) is a two-year, full-time postgraduate program that that primarily focuses on the systematic study of the concepts in the specialized subjects and topics related to the fields of Accounting and Finance and provides students with specialized skills in those fields.

The course covers a range of topics, including Corporate Laws, International Taxation, International Economics, Derivatives, Financial Planning, Economic Theory, Micro and Macroeconomics, Money And Banking Systems & Policies, etc. Students also study Business and trades in terms of Accounting, characteristics of policies and their involvement.

The program aims to develop students' Analytical and Managerial skills, and prepare them for careers in various sectors. Some potential career paths for graduates include: Accountant, Finance executive, Business analyst, Share broker, and Chartered accountant.

To be eligible for the M.Com course, candidates must typically have a minimum of 50% in BCom or BCom (Hons) Class 12. Admission is based on entrance exams such as CPGET, CUET PG, AP PGCET, MAH CET, or URAT PG. Some colleges may also consider Class 12 scores.

Some Highlights of M.Com Accounting and Finance:

Top Colleges Offering M.Com  Accounting and Finance:

• Jain University
  
• Amity University Noida
  
• B.C.M. College for women
  
• Bharathiar University
  
• Kishinchand Chellaram College
  
• Mount Carmel College
  
• SVKM's Narsee Monjee College of Commerce and Economics
  
• R A Podar College Of Commerce & Economics
  
• CMS College of Science and Commerce
  

Why Choose M.Com Accounting and Finance?

The M.Com in Accounting and Finance is a highly specialized and sought-after program in India, designed for those who want to deepen their knowledge and skills in accounting, financial management, and taxation. Here are several compelling reasons to pursue this course:

• Career Advancement: An M.Com degree can help you stand out in a competitive job market, making you eligible for higher-level positions in Accounting, Finance, and Taxation.  It enhances your career prospects by providing you with specialized expertise, opening doors to managerial and leadership roles in various sectors.
• In-Depth Knowledge: The program offers a deep dive into key areas such as Accounting practices, Financial analysis, Taxation, and Economic theories.  You will gain comprehensive knowledge that prepares you to handle complex financial tasks, making you a valuable asset to any organization.
• Skill Development: The course helps develop essential skills including critical thinking, problem-solving, analytical, communication, and interpersonal skills. These skills are crucial for working in high-pressure environments and making strategic decisions in financial management.
• Higher Earning Potential: M.Com graduates typically have a higher earning potential compared to those with only a bachelor’s degree.  Upon completion, you can expect better starting salaries and career growth due to the advanced knowledge and skills acquired during the program.
• Specialization Opportunities: Many M.Com programs offer specialized tracks in Corporate Finance, Accounting, Financial Management, and Taxation. This allows you to tailor your education to specific interests and career goals, providing you with a competitive edge in the job market.
• Practical Insights: The course provides practical knowledge on how businesses manage their finances, accounting systems, and economic strategies, helping you make real-world decisions in a corporate environment.  It prepares you to tackle various aspects of Business Finance and apply them effectively in real-life scenarios.
• High Demand in Commerce and Finance: With the growing complexity of business operations, the demand for qualified accounting and finance professionals is high.  M.Com graduates are needed in various sectors including Banking, Insurance, Corporate Finance, Taxation, and Investment.
• Pathway to Higher Education and Professional Courses: After completing the M.Com program, you can pursue higher education options such as a Ph.D. or M.Phil. in Commerce, or take professional exams like CA (Chartered Accountancy), CS (Company Secretary), and CMA (Cost Management Accounting).  The degree also enables you to prepare for UGC-NET or JRF exams, which are crucial for a career in research or academia.
• Diverse Career Opportunities: M.Com graduates have a broad range of career options, including roles such as Accountant, Finance Executive, Business Analyst, Share Broker, and Chartered Accountant. With expertise in both accounting and finance, you can work in government or private sector firms, including banks, financial institutions, consulting firms, and multinational corporations.
• Gateway to Teaching and Academia: If you're inclined toward teaching, an M.Com can prepare you for roles as a Professor or Lecturer in Universities, Colleges, or Business Schools.  You can also pursue research and contribute to the academic world through publications and scholarly work.

An M.Com in Accounting and Finance offers a solid foundation for a rewarding career in finance, accounting, and business management. With its comprehensive curriculum, opportunities for specialization, and high demand in both public and private sectors, this program is ideal for those who wish to excel in the world of Finance and Accounting. Whether you're looking to climb the corporate ladder, enter academia, or pursue professional certifications like CA or CMA, an M.Com degree provides the tools and expertise needed for success.

Admission Procedure For M.Com  Accounting and Finance:

The Admission process for M.Com Accounting and Finance involves the following steps:

• Candidate should have passed graduation with a minimum of 50% of marks from a reputed university or college.
  
• After qualifying for the entrance test conducted by the university, based on merit score, candidates are invited to apply to the M.Com course.
  
• A candidate has to participate in the counseling process of the university before final enrollment.
  
• A candidate may apply to a private university based on their merit score of graduation.
  
• A candidateis admitted to a new academic session after completing the enrollment procedure
  

Eligibility For M.Com  Accounting and Finance:

• A candidate has to pass the graduation exam with a minimum of 50% of marks.
• A candidate has to pass the graduation course from a Central/State/Private/Deemed-to-be University.
• A candidate must have completed their graduation course in B.Com, BCA, BBA, B.Com(Hons.), or B.Com (Economics).
• Candidates who belong to the reserved category have been given some relaxation in the eligibility criteria.  

Career Opportunities for M.Com Accounting and Finance:

The scope of M.Com in Accounting and Finance is vast, encompassing roles such as Financial Analyst, Accountant, Auditor, Tax Consultant, and Financial Manager across various industries, offering opportunities for career growth and advancement.

In India's fast-growing economy, Accountants have a crucial job – they handle money matters, make sure taxes are done right (especially with the new GST rules), and ensure everything follows the financial rules.

This course will help to establish a career in any of the following fields; Commerce, Accounting, Economics, and Management. This course is valued much in the business sector, as M.Com graduates will have a unique perspective on thinking and handling Managerial positions.

Jobs Opportunities After M.Com  Accounting and Finance:

• Financial Analyst
  
• Accountant
  
• Auditor
  
• Chartered accountant
  
• Cost accounting
  
• Investment banking
  
• Tax advisor
  
• Company secretary
  

Top Recruiters of M.Com  Accounting and Finance:

• HDFC Bank
  
• Maruti Suzuki
  
• Tata AIG
  
• Jaypee Cement Industries
  
• Reliance Jio
  
• Wipro
  
• Amazon
  
• Punjab National Bank
  
• ICICI Bank
  
• Deloitte
  

Syllabus For M.Com Accounting and Finance:

Semester I

Advanced Financial Accounting
Auditing and Assurance
Financial Management
Business Environment
Business Statistics
Cost Accounting
Taxation
Corporate Finance
Legal Framework of Business
Research Methodology

Semester II

Advanced Financial Accounting
Auditing and Assurance
Financial Management
Business Environment
Business Statistics
Cost Accounting
Taxation
Corporate Finance
Legal Framework of Business
Research Methodology

Semester III

Financial Analysis and Planning
International Financial Reporting Standards (IFRS)
Advanced Taxation
Financial Derivatives and Risk Management
Management Accounting
Financial Institutions and Markets
Corporate Governance
Financial Planning and Strategy
Elective Paper

Semester IV

Capstone Project
Internship/Practical Training
Elective Paper
Seminar