M.Com Accounting and Taxation

Master of Commerce in Accounting and Taxation

M.Com Accounting & Taxation or Master of Commerce in Accounting & Taxation is a Post-Graduate Accounts course.  Accounting and Taxation cover the study of principles of accounting, financial planning, and economic theory along with a specialized focus on Taxation which is termed as a process of imposing financial charge (tax) on the citizens who earn ‘taxable income.

In other words, a Master of Commerce in Accounting & Taxation is a degree program in which, apart from a general course study in Commerce, the primary focus is on the systematic study of the concepts in the specialized subjects and topics related to the fields of Accounting and Taxation and covers all types of taxes including Income tax, Sales Tax, VAT, Service tax, Property tax, etc and Tax laws & regulations. The Master of Commerce course in Accounting & Taxation duration is three years and it is career-orienting in nature.

M.Com Accounting & Taxation Eligibility

• Aspiring students should have passed graduation in the Commerce stream.
• However, as an alternative criterion, many universities accept graduation degrees with Honours in Accountancy, Economics, or Business/Management Studies for admission to their M.Com (Accounting & Taxation) degree course.
• Some of the very reputed universities and institutes demand a minimum of 45-50% aggregate marks in graduation as qualifying criteria to secure admission in this course and some also conduct entrance examinations to get admission to their M.Com (Accounting & Taxation) degree course.
• Selection to the degree course in these colleges is based on marks secured in the final merit i.e., total marks aggregated in the final exams of graduation and the entrance exam.

M.Com Accounting & Taxation Syllabus

Syllabus of Accounting & Taxation course as prescribed by various Universities and Colleges.

M.Com Accounting & Taxation Colleges

• Pondicherry University, Pondicherry
• Annamalai University, Cuddalore

M.Com Accounting & Taxation Course Suitability

• Those who want to have further higher studies in accounting and taxation such as a Ph.D. degree are a good match for it.
• They should have thinking ability, a creative mind, good communication skills, updated general awareness, abundant knowledge about the taxation sector and the market, and the ability to work as part of a team.
• Students should have strong problem-solving skills, proficiency with the Microsoft Office software suite, and excellent Excel spreadsheet skills; which are good study tools for the course.
• They should have a strong sense of work ethic and a desire to succeed.

How is the M.Com Accounting & Taxation Course Beneficial?

• M.Com in Accounting & Taxation degree serves as a basis for further higher studies and research in this field such as a Ph.D. degree in Accounting & Taxation. On successful completion of a Master’s degree in Accounting & Taxation, a student can apply for the UGC-NET or JRF exam; success in these exams makes teaching or research good options.
• It has been concluded in many recent surveys that more and more students are now opting for a degree that enables them to establish a good career in Accounting & Taxation areas.
• M.Com in Accounting & Taxation degree holders can acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power.
• The area of Taxation is so vast that a candidate can select from the fields of different types of taxes, where one wants to specialize and establish.
• M.Com in Accounting & Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting, and Finance, thus making it easier to acquire a leadership/managerial role in the financial sector.

M.Com Accounting & Taxation Employment Areas

• Banking Sectors
• Consulting Firms
• Custom Departments
• Excise Departments
• Indian Civil Services
• Indian Economic Services
• Import/Export Companies
• State Sales Tax Laws

M.Com Accounting & Taxation Job Types

• Accountant & Budget Analyst
• Auditing Clerk & Accounts Assistant
• Business & Corporate Analyst
• Equity Research Analyst
• Employment Tax Specialist
• Financial Analyst & Cost Accountant
• Investments Analyst & Investment Banker
• Money & Operations Manager
• Market Analyst & Marketing Manager
• Personal Finance Consultant
• Revenue Agent & Risk Analyst
• Securities Analyst & Senior Accountant
• Tax Attorney Specialist / Tax Advisor & Tax Assistant / Tax Collector & Tax Consultant / Tax Policy Analyst & Tax Recruiter