MLACW (now mLAC) is an institution of excellence located strategically in the vicinity of national institutes of repute, such as Indian Institute of Science, Institute of Wood Science & Technology, National Institute of Advanced Studies, Raman Research Institute and Central Power Research Institute.
Program Specific Outcome - M.Com Accounting & Taxation
1 Prepare statement of accounts, analyse statements and report to management on the financial performance of the organization
2. Understand the interrelationship between accounting, taxation and financial management and apply the knowledge in making effective business decisions
3. Prepare cost sheets, set standards, understand cost centres and advise on cost reduction and control
4. Understand the need for accounting standards, application of accounting standards in preparation of accounts and annual reports.
5. Understand the process of auditing and the role of an auditor in ethical accounting
6. Prepare and file income tax returns, understand the relevance of tax exemptions in tax planning
7. Compute GST and income tax using the relevant provisions.
Program Specific Outcome - M.Com Finance & Banking
1. Understand the interrelationship of financial institutions, financial markets, financial instruments and financial services.
2. Analyse the role of RBI in formulating monetary policy
3. Advice individuals in financial planning and portfolio management
4. Distinguish between the various mutual fund schemes and provide advice on selection of an appropriate scheme
5. Understand the functioning of banks, procedure for opening of bank accounts and application for loans
6. Understand the different types of risks faced by banks with specific focus on NPAs and their impact on the financial performance of banks