The department was established in 2001 the course of Master of Finance and Control (MFC) commenced in 2000. Self financed M.Com. was first offered in 2016. M.Phil. was started in 2019. The syllabi of Accounting, Costing and Tax papers have been designed in tune with the recent industry developments.
There is an equal focus on theory and practice with the integration of The Institute of Cost and Works Accountants of India (ICWAI) syllabus in Master of Finance and Control (MFC) curriculum. Thrust is given to ensure the students get through the Common Proficiency Test (CPT) and Foundation courses of Chartered Accountants (CA) and ICWAI at undergraduate level.