M Com is a postgraduate degree program meant for students who want to specialize in different areas of commerce like finance, economics, accounting, or business management. With the help of the program, students gain advanced knowledge of commerce and critical thinking skills. In addition, we will learn about subjects included in M Com, semester break-ups, specializations, recommendable books, and distance learning options, among other things.
What is M Com?
The M Com is a two-year postgraduate degree that gives students in-depth knowledge of subjects related to commerce and business. Students who have completed their bachelor’s degree in Commerce (B Com) pursue M Com in finance, economics, business laws, and taxation. M Com is ideally suited for any student wanting to expand their scope of knowledge and enhance their expertise in the above subjects to broaden career potential in accountancy, finance, corporate management, and economics.
Hence, students pursuing their M Com can opt for teaching, research, consulting, and managerial jobs in private and public sector organizations. Students are provided extensive theoretical and practical knowledge to succeed in the global business environment.
M Com Subjects
The M Com course syllabus consists of four semesters. Within each semester, it includes all core subjects as well as available elective options. Here are some of the courses typically found under each semester.
Semester 1
The first semester of M Com is a foundation for advanced studies in commerce and business. These generally include:
- Financial Accounting: It is a second-year accounting course involving topics such as more advanced financial statements, auditing, and taxation.
- Managerial Economics: This course introduces the theories and concepts of economics, how a manager will use market behavior-driven decision making and financial plans.
- Organizational Behavior: Organizational behaviour studies human behaviour and performance in and around organizations, including motivation, leadership, and communication.
- Business Environment: The various external elements affecting a business, including the political environment, economic environment, social environment, and technological environment, are studied.
Semester 2
More complex subjects with practical applicability to business fields will be included in the second semester, providing preparation for work and more applications of practical issues. Key subjects:
- Advanced Accounting: A further continuation of financial accounting, advanced accounting is more specialized, covering topics like international accounting, financial reporting, and corporate accounting.
- Business Law: This discipline covers all kinds of legalities involved in doing business, from contracts to company law and even intellectual property rights.
- Corporate Finance: It is the study of advanced topics in finance, which include capital structure, financial management, mergers, and acquisitions.
- Research Methodology: It is an essential subject for research or academic careers. It emphasizes designing research projects, data collection, and analysis techniques.
| M Com 1st Year | |
| Semester | Subject |
| Semester 1 | Financial Accounting |
| Managerial Economics | |
| Organizational Behavior | |
| Business Environment | |
| Quantitative Techniques for Business | |
| Semester 2 | Advanced Accounting |
| Business Law | |
| Corporate Finance | |
| Research Methodology | |
| Semester 3 | Cost and Management Accounting |
| Financial Markets and Institutions | |
| Taxation | |
| Entrepreneurship Development | |
| Semester 4 | International Business |
| Strategic Management | |
| Audit and Assurance | |
Semester 3
In the third semester, the student specializes further in commerce to specialities like:
- Cost and Management Accounting: This subject deals with controlling costs, cost analysis, and management of finance within an organization.
- Financial Markets and Institutions: The structure, function, and role of financial markets and institutions in the economy, focusing on the banking sector and stock markets.
- Taxation: It covers advanced taxation laws, indirect taxes, corporate tax planning, and tax returns.
- Entrepreneurship Development: Entrepreneurship Development focuses on the many dimensions of creating and running a business, including planning, funding, and legal aspects.
Semester 4
The final semester of M Com allows students to specialize in particular areas of commerce. Subjects include:
- International Business: This module focuses on the opportunities and problems facing the business environment in international markets, as well as global trade rules and cultural implications.
- Strategic Management: It is an approach to devising business strategies, understanding competitive environments, and making long-term decisions for organizational growth.
- Audit and Assurance: This involves audits and processes related to internal controls and assurance services.
M Com Specialisations
M Com offers different specializations that suit various career interests. A specialization option lets the student specialize in a particular area of commerce. It will build their expertise and create more job opportunities in that area. Some popular M Com specializations are:
- Finance: This major focuses on advanced financial management, investment strategies, banking, and corporate finance.
- Accounting: The subjects that the students read include financial accounting, management accounting, cost accounting, and accounting systems.
- Business Economics: This program combines economics and business strategies for an in-depth economic environment affecting businesses.
- Taxation: Emphasis on an in-depth nature of knowledge involving tax law, tax planning, and strategies about corporations.
- International Business: The program teaches all these issues related to international trade, cross-border finance, international marketing, and even the subtleties of business across borders.
- E-commerce: With the digital economy, this specialization is more on the business side of online trading, digital marketing, and electronic transactions.
M Com Books
Books are also vital for grasping the concepts of M Com. The suitable books and reference materials greatly enhance a student’s understanding of complex topics. Some books that are recommended from time to time for the students of M Com are:
| Subject | Author(s) |
| Advanced Accounting | Shukla and Grewal |
| Business Economics | H L Ahuja |
| Corporate Finance | I M Pandey |
| Business Law | M C Kuchhal |
| Research Methodology | C R Kothari |
| Cost and Management Accounting | S N Maheshwari |
M Com Distance Programme
It is flexible and has potential for students who cannot attend the regular college. The students cannot participate in the college on personal or professional grounds. It permits the student to take the degree from home while discharging other commitments or working part-time. Some of the key features of M Com distance learning programs are:
- Flexible Learning: Students can learn independently and as per their comfort.
- Affordability: Distance programs are usually cheaper than full-time courses.
- Self-Paced Exams: Distance program examinations are customarily undertaken at designated centres. Students should come and sit the exams according to an agreed schedule.
M com Subjects FAQs
1. What are the basic papers in M Com?
M Com basic papers include financial accounting, managerial economics, corporate finance, business law, and research methodology.
2. How many semesters in total does the course M Com include?
In total, the duration of an M Com is for two years consisting of four semesters.
3. Can one do distance courses in M Com?
Yes, IGNOU, SMU, and even the University of Mumbai allows pursuing M Com by distance education mode.
4. Which specializations are mostly in demand among students opting for M Com?
Finance, Accounting, Taxation, Business Economics, and International Business are most popular specializations in M Com.
5. What books I must refer while studying M Com?
Some of the prescribed books are Advanced Accounting by Shukla and Grewal, Business Economics by H L Ahuja, and Corporate Finance by I M Pandey.
