Department of Commerce
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Introduction
Department of Commerce
The department of commerce was started functioning in 2014 upgraded as a post Graduate with the introduction of M.com course. The department offers an undergraduate course in General, Accounting & finance, Corporate Secretary ship and computer application.
The curriculum of commerce education in one department is highly application oriented and hence the department follows a multidimensional pedagogy for different program such as Lectures, tutorials, seminars & workshops, Assignments, projects, industry interaction. The department has highly qualified and experience teaching staff.
The faculty of the department has published large number of research papers both in national and international journals. They have also presented papers at various seminars/conferences. The department has organized a number of seminars, Events and conference.
Social outreach and public interaction Program is an integral part of the departmental activities. The department has proved its excellence with a committed staff and enthusiastic students with consistency bring Kudos to the department in the field of academic and extracurricular activities.
"Art keep us connected with the past science takes us to the future commerce takes care of our present needs.” [AAG]
A loyal love with wisdom, clearness, mind from avarice free;
Who hath these four good gifts should ever trusted be. [Thirukural – 513]
Vision
- To prepare learners for Higher Education in Commerce and Business Studies.
- To provide contextually relevant commerce Education
- To impart state of art knowledge in subject like:-
- Marketing
- Human Resource
- Entrepreneurship
- Accounting practice
- E-Commerce
- An Educative Community marked by excellence and integrity.
Mission
- To produce competent, discipline and quality learners through higher education in commerce. With view to train our learner so as to develop the qualities in research.
- To impart higher education through upgraded technology and learning through doing, for social transformation.
- To inspire the students to become innovate leaders and to be socially responsible.
- To evaluate our performance against benchmarks, to develop programme, go for global tie-ups to beyond the learning.
- To establish in leading high quality research, initiating training and development opportunities and to be a competent entrepreneur.
Cost Management Accountant
CMA course is a gateway to become a cost management accountant. ICWA course has been renamed to CMA which stands for Cost & Management Accounting. Students opting to undergo a three year undergraduate degree in B.Com (CMA) at Dr. M.G.R. Educational & Research Institute will in addition to being exposed to all subjects in Commerce will also be trained to enhance performance in their professional environment. This course provides you an in-depth knowledge about financial position and to manage the business effectively and efficiently. The relevance of financial business environment and skills in workplace is increasing exponentially. In this current scenario the vital role played by students in managing various accounts related to business. Thus the aim of this degree revolves around equipping the students with the correct acumen and skills to pursue higher studies as well as make them smart and employable.
- Collaborated with ICAI – Institute of Cost Accountant of India
- ICAI Syllabus covered in B.Com/ M.Com (CMA) courses
- Foundation Syllabus covered in B.Com 1st year
- Intermediate Syllabus covered in B.Com 2nd & 3rd year
- Final Syllabus covered in M.Com 1st & 2nd year
CMA degree provides the knowledge on how to manage finance competently. There are plenty of employment opportunities available for the CMA qualified student.
Career Prospects
- Cost Accountants are recognized by the government, public and private sectors for placement at various levels in the fields of Accounting and Management functions.
- The specialization in costing is an added catalyst for an eminent manager and a policy maker.
- Equip students with the skilled technologies in current trend to adapt better to the changing global scenario and gain access to multiple career opportunities.
- Practice as Cost Accountant. A Cost Accountant may build up his own practice by obtaining a license from the Institute which would enable him to practice as a Cost Accountant, either individually or in partnership with one or more members of the Institute in practice.
Dr. M.G.R. Educational & Research Institute is one of the University introduced B.Com/ M.Com(CMA) courses in 2018. Professionals and qualified Professors are training the students.
Program Outcome
- Cost & Management Accounting (CMA) is the globally recognized, advanced-level credential appropriate for accountants and financials in business.
- The CMA is an advanced professional course specifically designed to measure the critical accounting and financial management skills that are of extreme relevance to candidate and corporate advancements in today’s business environment.
- Achieving the CMA credential demonstrates the candidate’s mastery of financial planning, analysis, control, decision support, and professional ethics.
- The CMA degree course has been designed to meet the evolving needs of business – today, tomorrow, and forever.
B.Com-International Finance and Accounting
In collaboration with The Institute of Cost Accountants of India (ICAI)
Highlights:
- Prepares you for a global career in the field of finance & accounting with employability & research skills built into the curriculum.
- Creates a deeper knowledge & a more intense understanding of the international finance sector through specialist modules such as financial reporting, auditing, tax, financial management, international finance, business law and financial investment and risk.
- The program gives chance to examine real business issues by having guest speakers from the finance and accounting industry.
- Learning through international case studies and real-life industry problems gives an insight to industry problems and real life working environment to ensure employability of the graduates.
- An industry ready curriculum, employability skills, and frequent industry interactions create better placement opportunities in national and multinational companies
- The Program gives an international perspective and prepares you for a global world.
Career Options:
- Accountants
- Auditors
- Securities Analysts
- Investment Consultants
- Tax Assistants
B.Com- Financial Markets
In collaboration with The Institute of Cost Accountants of India (ICAI)
Highlights:
- The program is developed to facilitate a smooth understanding of the allocation of resources and the creation of liquidity for businesses.
- The Curriculum provides you a deeper understanding of Global Equity Markets.
- The Program gives you a deeper understanding of the structure of financial markets and their functions and about the design and structuring of financial instruments.
- Learning by doing is encouraged by giving practical demonstration of established equity valuation models & key features of equity derivatives are explained through examples and calculations.
- Knowledge of application of portfolio management techniques in financial market portfolios is provided.
- Experiential learning is provided on the working of stock broking and financial markets and instruments as part of the curriculum.
Career Options:
- Stock Broking Firms
- NSE
- BSE
- Other Global Financial Stock Broking Firms.
