About Course
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Masters of Commerce or MCom is a post graduate level course ideal for candidates who wish to make a career in banking financial services and insurance (BFSI) as well as accounting and commerce sectors. The two-year course delves deeper into the functioning of the economy, capital, revenue, trade, taxes, etc. taught in BCom.
Since MCom is a specialized area in itself, only those candidates who have pursued BCom or BCom (H), can pursue it. MCom is also a good option for CA/CS candidates. However, not many CA/CS aspirants pursue MCom as CA/CS courses can be pursued after Class 12.
MCom is most popular among aspiring teachers/lecturers and researchers. UGC-NET/JRF and Ph.D. are among popular options for MCom degree holders. Admission to MCom in top universities is done through an entrance exam. Many universities offer merit-based admission to the course.
MCom covers a wide area for study and research and has many specializations to offer besides MCom (General) and MCom (Honours) such as:
List of MCom Specialisations |
MCom (Taxation) |
MCom (Economics) |
MCom (Mathematics) |
MCom (Accounting) |
MCom (Accounting & Finance) |
MCom (Statistics) |
MCom (Banking) |
MCom (Finance) |
MCom (Banking and Finance) |
MCom (Finance & Control) |
MCom (Marketing) |
MCom (E-Commerce) |
MCom (Business Management) |
MCom (Computer Application) |
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Syllabus |
In MCom, while core courses remain the same for all, candidates opting for a specialisation have to choose from elective courses. Take a look at the MCom syllabus and topics generally taught in a MCom course of two years.
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Paper-wise Topics in MCom Syllabus |
Organisation Theory and Behaviour |
Organizational Theories and Behavior: Classical, Neo-classical and Contemporary
Authority, Power, Status, Formal and Informal Structure, Flat and Tall structures
Bureaucratization of Organizations, Organizational Behaviour-Concepts, Determinants
Models, Challenges and Opportunities of OB |
Statistical Analysis |
Probability and Expectation: Approaches to Probability, Addition, Multiplication and Bayes Theorem, Mathematical Expectation
Probability Distribution: Binomial, Poisson, Exponential, Beta and Normal Distributions
Statistical Decision Theory |
Economic Analysis |
Firm and its Objectives: Theories of the Firm, Managerial Theories, Behavioural Approaches, Growth Theories, Satisfying Theory, etc. Relevance of Profit Maximization in the Modern Context
Consumer Behaviour: Determination of Demand. Type of Goods and the Demand Function, Indifference Curve Analysis, Indifference Preference and Slutsky’s Analysis of Demand, Revealed Preference, Theory of Attributes, Snob Appeal, Bandwagon Effect and the Demand Function, Inter-temporal Demand Function and Demand for Durable Goods |
Financial Management and Policy |
Financial Management: Nature, Objectives and Scope, Financial Decision-Making and Types of Financial Decisions, Role of a Finance Manager in a Firm and Agency Problem, Risk-Return Framework for Financial Decision-Making
Capital Budgeting Decisions: Nature and Kinds of Capital Budgeting Decisions, Techniques of Evaluating Capital Budgeting Decisions, Capital Budgeting Decisions Under Constraints and with Multiple Objectives using Mathematical Programming Models |
Managerial Accounting |
Management Accounting: Nature and Functions, Financial vs Management Accounting, Cost vs Management Accounting, Role of Management Accountant,
Cost Concepts and Classifications
Activity Based Product Costing: Concept and Uses, Emerging Costing Approaches
Variable and Absorption Costing: Concept, Comparison, Applications of Variable Costing, Preparation of Income Statement |
Business Environment |
Basic IS-LM Frame-Work, Asset Markets, Demand for and Supply of Real Balances and Interest Elasticity, Implications of Modified IS and LM Functions on Relative Efficacy of Fiscal and Monetary Policies. Short and Long Run Aggregate Supply and Shifts in Aggregate Supply, Aggregate Demand, Aggregate Supply and Price Level, Interaction of Aggregate Demand and Aggregate Supply and Determination of Real Income, Shifts in Aggregate Demand and Demand Management Policies
Exchange Rate Regimes, Foreign Exchange Markets, Asset Choices in an Open Economy and Capital Flows, Trade Flows, External Balances, IS-LM-BOP Curve Analysis and Implications for Policy Choices
Expectations and Economic Behavior |
Quantitative Techniques for Business Decisions |
Introduction: Quantitative Approach to Management Decision Making
Linear Programming
Transportation: Solving the Problem, Testing Optimality MODI Method
Integer Programming: Problem Formulation and Solution |
Marketing Management |
Introduction: Traditional View of Marketing, Evolution of Marketing Concept, Modern Concept of Marketing, Marketing Functions and Role, Marketing Management Process-A strategic perspective
Marketing Environment
Buyer behavior |
Strategic Management |
Introduction: Concept and Role of Corporate Strategy, Levels of Strategy, Basic Model of Strategic Management
Strategic Analysis: Analysis of Broad Environment- Environmental Profile, Constructing Scenarios
Strategic Choice
Strategic Implementation |
Accounting Theory and Practice |
Accounting Theory: Nature and Scope, Accounting methodology, Different approaches to theory construction.
Conceptual Framework of Financial Accounting and Reporting
Issues in accounting standard setting. Accounting standards in India. Income concepts for financial reporting |
International Business |
International Business: Importance, Nature and Scope, Modes of Entry into International Business, Management of International Business Operations - Complexities and Issues, IT and International Business, India’s Involvement in International Business
Theoretical Foundations of International Trade: Reasons for International Trade, Theories of International Trade, Gains from Trade, Foreign Trade Multiplier, Terms of Trade |
Human Resource Management |
Nature of Human Resource Management, Concepts, Functions, Themes and Controversies
HRM, Job Analysis and Job Design
Business Strategy and Human Resource Strategy |
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