M.COM Full Form – M.COM is recognized as master of commerce. It is one of the post graduate degree in the field of commerce. M.Com has been divided into two parts namely M.com General and M.com Honors.
This is very popular master degree in India. M.Com course is especially for those students who want to become a teacher, wants to do job in banks and multi-national companies. If I talk about duration of this degree then I must say time period of this course is similar to other degree, which is precise two years.
Difference Between M.com (H) And M.com (P)
|M.Com (H)||M.Com (P)|
|A student has the option to specialize in a specific subject like Accounting, etc.||A student cannot specialize in a specific subject.|
M.com Career Options
Commerce graduates have plenty of career options. They can take advantages of both private and public sectors where they can work as accountants, cashiers, auditors, taxation specialists, etc. They can also apply for professional courses like CA, CS, CFA and ICWA.
Benefits Of M.COM
|1||After successfully completing Masters degree in commerce, the candidate can apply for UGC-NET or JRF exam. After successful in these exams, teaching or research is a good option.|
|2||It is the base of other advanced studies such as Ph.D. or M.Phil.|
M.COM Subjects And 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 Behavior-concepts, determinants Models, challenges and opportunities of OB
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, behavioral approaches, growth theories, satisfying theory etc. Relevance of profit maximization in the modern context.|
Consumer Behavior: Determination of demand. The 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, band wagon effect and the demand function. Inter – temporal demand function. 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.
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, the demand for and the supply of real balances and their interest elasticity’s. 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 the price level. Interaction of aggregate demand and aggregate supply and the determination of real income. Shifts in aggregate demand, 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.|
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.|
|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 ScenariosStrategic Choice
|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: Its 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