Master of Commerce in Accountancy is a two year, four semester full-time Master’s Program. The course is affiliated to the University of Mumbai. M.Com. (Advanced Accountancy) course offers specialization in the field of Accountancy. The syllabus deals with the prerequisites of industry and the scholarly world. This degree makes its graduates professional in Taxation, Finance and Accounting, thus making it easier to acquire an administrative role in the financial sector.
The candidate must have passed the B.Com Examination of the University of Mumbai or any other recognized University.
Admission to the course offered by the rules framed by the University of Mumbai from time to time and will be given at the commencement of the first semester. Candidates seeking admission other than University of Mumbai or colleges affiliated to other recognized University must produce a Transfer Certificate from the college or University last attended.
* Advanced Cost and Management Accounting
* Direct & Indirect Taxation (Income Tax)
* Advance Financial Accounting
* Advance Trends in Accounting
* Mutual Funds Management & Wealth Management
* Research Methodology
* Advanced Cost Accounting
* Corporate Finance
* Advance Trends in Accounting II
* Indirect Tax (GST)
* Accounting of Housing Society & Charitable Trust
* Corporate Financial Accounting
* Advanced Auditing
* Financial Service
* Advanced Trends in Accounting – III
* Accounting and Taxation of E-Commerce Industries
* Research Project
* Advanced Financial Management
* International Financial Reporting Standards
* Personal Financial Planning
* Foreign exchange rate management and derivatives
The Scheme of the Examination shall be divided in two parts:
1. Internet Assessment – 50 Marks
The allocation of 50 marks shall be based on Project and Viva by internal and external Faculty.
With an M.Com degree, candidates become well-equipped for the job position of an Auditor, Business Analyst, Company Secretary, Consultant, Tax Accountant, Finance Officer, Stock Broker, Sales Analyst, and Economist. In addition, an MCom graduate can also appear for government exams to get public sector jobs. Some high paying job roles offered to M.Com graduates are as follows.
Cost Accountant
A Cost Accountant is a financial expert who is involved in evaluating the cost associated with a service or its manufacturing. Primary roles of a cost accountant include evaluating overall profit and loss statement, analysing a position and suggesting a budget to make the same profitable. In addition, a Cost Accountant takes into account the costs incurred in manufacturing, shipping and administration.
Tax Consultant
A Tax Consultant or a career in taxation revolves around professionals guiding individuals with their tax-related queries and helps them in short term and long term tax optimisation. Taxation refers to imposing a tax by a taxing authority generally the Government. Taxes can include income, estate, capital gains, etc. Tax consultants generally hold a degree in law, accounting, finance or any related field. To establish a career as a tax consultant, one will need an understanding of accounting practice and theory, tax laws, and finance management.
Chartered Accountant
A Chartered Accountant in other words is a certified accountant who is responsible to handle all the financial reports to be produced by the business. Chartered Accountant, commonly known as CA, reviews financial reports/bills and organises the finances for easy knowledge of an organisation about its spending and investments. With the help of a CA, senior management finds it easy to make business decisions to reduce spending and upscale production to increase revenue.