MA Accounting Course - Check Course Details, Admission, Fees, Colleges, Eligibility, Career & Scope
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MA Accountancy Course - Course Details, Admission, Fees, Colleges, Eligibility, Career & Scope

15 May,2020

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MA Accountancy Course: MA Accountancy Course is a 2-year post-graduation degree course, basic eligibility for which is a BA degree. Accounting is essentially the process of communication through which financial information is passed to its users such as shareholders. The final selection for this course will be based on the test score, academic profile, & interview. The method of admission is through an Entrance Examination & tests carried out by different universities.

MA Accounting is a course pursued under the arts and science spectrum. The course tenure is 2 academic years and might be split into 4 semesters by a handful of universities. The course emphasizes mainly educating & developing students into the practice of basic accountancy, tallying and auditing, & revenue tracking.  It educates students on how to watch out for an organization's financial history & makes suggestions and recommendations to avoid unwanted expenses to maintain a fiscal & sustainable budget throughout. Since this comes under the arts & science arena, the depth of knowledge provided isn't subjected to severity rather it is focused on key areas of auditing & accounts. Passouts of this MA Accountancy Course have plenty of job openings in both the public sector & in the private sector as accountants and auditors. Passouts can also venture into educational services as lecturers & also into periodic freelance auditing.

MA Accountancy Course: Highlights

Level of the Course: Post Graduate

MA Accountancy Course Duration: 2 Academic Year

Type of examination: Yearly - System or Semester - System

MA Accountancy Course Eligibility Criteria: Bachelor's degree in commerce subjects such as accounts, maths, and economics

Admission Procedure: Rely on counseling after clearing Entrance Exams

MA Accountancy Course Approx Fee: INR 5K to 2 Lakh Per Annum

MA Accountancy Course Approx Starting Salary: INR 3 Lakh to 6 Lakh Per Annum

Top Recruiters: Genpact, TATA CONSULTANCY SERVICES LIMITED, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd)

MA Accountancy Course: Overview

MA Accountancy Course trains students to become accounting and finance professionals, This course is designed based on a broad liberal arts perspective with components of career-specific business & accounting courses. It is one of the methods through which the company implements to keep track of its expenses as well as earnings.

It gives focuses on developing analytical skills & offers a solid grounding and professional competence in all aspects of accounting. The course essentially targets enrolled students to effectively track a company's financial history & make recommendations so it can remain in good fiscal shape while planning for future expansion. Accountancy is the art of expressing business & financial information, which guides the ways to implement and present the company business statistics and accounts.

Accountancy is the art of expressing business & financial information, which teaches ways to implement & present the company business statistics & accounts. Master's degree courses in the related area of interest assist the candidate to build a strong career in the banking or financial service sector. The minimum eligibility criteria for pursuing an MA Accountancy degree is a qualifying BA with economics, business study, maths, etc or its equivalent examination from a recognized educational board. Students can opt for several MA Accounting Course jobs like Public Sector Management, Private Sector Management, and Training of Accountants.

The approx fee for this course ranges between INR 5K to 2 Lakhs for the full course. Master of Arts in Accountancy Course degree holders can apply for jobs in various companies.

Some of the companies are:

  • Genpact
  • Tata Consultancy Services Limited
  • WNS Global Services
  • Wipro Technologies Ltd.
  • Tata Motors
  • Bharat Sanchar Nigam Limited (BSNL)
  • National Small Industries Corporation Limited (NSIC)
  • Heavy Engineering Corporation Limited (HEC Ltd)

They can give their services in these companies as Chief Accounting Officer, Accounting Firm Partner, Finance Director, Audit Manager. The approx minimum salary of a graduate who has completed this course is around INR 3lakh to 6 lakh per annum.

MA Accountancy Course Fees:

MA Accountancy course fees may vary based on the university or college the student is willing to get enrolled in. Often, the course fee is based upon the materials & lecture timings provided by the university towards course completion. The approx course fee charged by various public & private universities ranges from INR 5,000 to 2 L per Annum.

The approx course fees for distance MA Accounting course may vary based on the University or college that is offering the course. The approx course fees may range from INR 10,000  to INR 2.5 L per annum depending upon the facilities, materials, & infrastructure of the College/University.

MA Accountancy Course Duration:

MA Accountancy course duration is a 3-year post-graduate tenure, which focuses on the Commercial & Financial Accountants profession. It is further bifurcated into 4 semesters of 6 months each, to systematically impart the lessons of the course. The specialization of Masters of Arts that deals in finance, management, accounts, & related disciplines.

Stated below are the MA Accountancy syllabus which includes:

  • Financial Accounting
  • Business Regulatory Framework
  • Economics, Principles of Marketing
  • Cost & Management Accounting
  • Financial Management

MA Accountancy Course Eligibility:

MA Accountancy course eligibility is that the candidate is required to have a bachelor’s degree in commerce or science and arts (with subjects like accounts, maths, and economics) Also, the students seeking admission should have completed their graduation or any other related degree with regular tenure and securing a minimum aggregate of 50% of marks in aggregate.

As a basic criterion of eligibility, candidates willing to pursue the course need to have attained the graduation qualification with either of the subjects - Accounts, Maths, Economics, or  Business Studies as their main subjects. Students are required to fulfill the minimum percentage of 50% in their graduation exams or as required by the college.

The cutoff merits for admission for this course may differ from college to college. Private Universities take separate entrance examinations for the filtering process of students. The score obtained in the entrance exam along with their graduation marks will be considered for the admission process.

MA Accountancy Course Admission Process:

MA Accountancy course Admission will be carried out on the basis of an entrance exam or based on the merit of the marks obtained in the graduation. The admission procedure of every University or institution is different. Many Universities or colleges take their own entrance exam for providing admission. Students can fill the application form of the college or the university in which they are interested.

Usually, the admissions are based on merit, but some universities conduct their own entrance exam for admissions. Admission to the Master of Arts in Accountancy course is based on the candidate’s performance at the graduation level, which is on the basis of merit. However, some colleges offering the course in the country also conduct entrance exams at the college or State level for the assessment and admission candidates. Once a candidate passes through the first round of selection then they will be required to attend an interview process. Candidates are supposed to submit copies of the original document if required at this stage.

MA Accountancy Course Preparation Tips:

Some of the important course preparation tips for a candidate who wants to pursue MA Accountancy are:

  1. Know of the Syllabus: The syllabus of the course is one of the important factors which a student should focus upon as this helps a student to focus during the time of the examination.
  2. Prepare a Plan: Make a course plan that can guide the student to plan according to the study of the work which enables them to keep both balanced.
  3. Connection With Fellow Students: Start connecting with the fellows who can help aspirants by providing an exchange of knowledge that might help students to excel in the course.

Top Colleges for MA Accountancy Course:

There are a number of reputed MA Accountancy Colleges offering postgraduate degree courses. There are also private institutions that provide specialization in accounting courses & also correspondence courses.

S. No.

Name of the University or College

1

Lovely Professional University, Delhi

2

Gauhati University, Guwahati

3

A.M.  Jain College, Chennai

4

Annamalai University, Cuddalore

5

Bhavan's College, Mumbai

6

University of Calcutta, Calcutta

7

University of Madras, Chennai

MA Accountancy Syllabus

MA Accountancy Syllabus is enlisted for the students’ guidance:

1st Semester

2nd Semester

Financial Accounting-1

Financial Accounting -2

Management Principles & Practices

Organizational Behaviour

Business Regulatory Framework

Business Maths and Economics

Business Environment

Research Methodology

Advanced Managerial Accounting

Financial Management

Statistical Analysis

Accounting for Managerial Decisions

3rd Semester

4th Semester

Management of Cost Accounting

Indian Financial System

Corporate Accounting

Institutional Accounting

Investment Management

Strategic Financial Management

Income Tax Law & Practices

Indirect Taxes

Direct and Indirect Taxation

Viva - Voice

MA Accountancy Scope:

There is an immense MA Accountancy Scope:

  1. Ideal candidates of the course would possess a way ahead with numbers with Attention to detail & Proficiency in Mathematics. 
  2. They should possess good communication skills & Excellent computer skills.
  3. Awareness of the industry’s protocols, laws, rules, regulations, and going practices are to be necessary to form a career out of the course.

One can find enormous career opportunities in the financial sector after the completion of the course. MA Accountancy courses support the candidate to build a strong career in the banking or financial service sector. They can also seek government jobs such as government accountants-they may also work at the local or state level or the central level, administer & formulate budgets, track the costs, & analyze programs.

MA Accountancy Course Placement:

Graduates of MA Accountancy are entitled to receive various job opportunities across private sectors & government sectors. In order to grab the government sector job, candidates are required to clear public examinations such as UPSC & other state government examinations to secure a job role as an accountant or auditor or tax revenue officer, etc. In the private sector, graduates can be employed in various domains & departments from normal accountants to revenue generation officers. Candidates can also perform freelance auditing.

Job Profiles for MA Accountancy:
  • Accountant
  • Accounts Receivable Clerk
  • Forensic Professional Accounting
  • Bookkeeper
  • Audit Manager
  • Finance   
  • Teacher
  • Independent Worker
  • Financial Advisor
  • Financial Controller
  • Chief Financial Officer
  • Certified Public Accountant
  • Chartered Management Accountant

Graduates of MA Accountancy have various job opportunities in various domains of employment. They can also be employed in the IT sector as auditing managers, accountants, tallying in charge, etc, and can work in the professional education sector as junior lecturers, senior lecturers, accountants, auditors, etc. and many more sectors as accountants & as auditors. And they can also opt to become freelance auditors who work on an assignment basis.

A graduate after successful completion of this course can initially join as a trainee or an accountant. Accountants can also seek employment in many sectors such as in government & private sectors:

  • Public accounting firms,
  • Markets research,
  • Budget planning,
  • Corporations, and
  • Consultancies.
Trending Job Profiles after MA Accountancy Course are:
  1. Professionals in this career can also choose teaching jobs in universities & colleges.
  2. Graduate experts can also work as freelancers in this field.
  3. There are a lot of job opportunities available in India as well as in foreign countries for chartered accountants.
  4. There are a lot of job opportunities in the Private and Public sectors.
  5. Students can also apply for government sector jobs or can work in the corporate world.
  6. Graduates can work as a teacher or lecturers in different colleges & universities. They have to clear the requisite exams such as UGC NET/JRF, etc.
  7. Graduates can also join government & private banks such as State Bank of India (SBI), Punjab National Bank (PNB), and Axis Bank, HDFC Bank, Union Bank of India, etc as Customer Relationship Executive or a Probationary Officer.
Top Recruiters for MA Accounting Course:

MA Accountancy Graduates have varied career options. After successfully completing their course the aspirants can work in accounting, commerce, banking and finance, and related fields. They also have a choice to prepare for the appointment in the government sector as well as the public sector. Underneath, the popular recruiters that hire Commerce graduates are mentioned:

SBI

Deloitte

ICICI Bank

KPMG

HDFC

TFC

RBS

Tata Consultancy Services (TCS)

Indusind Bank

Microsoft

Ernest and Young

HCL Technologies

Punjab National Bank

Hewlett-Packard

Citibank

IBM

HSBC

Reliance

MA Accountancy Job After the Course:

There are a number of MA Accountancy Jobs After the Course. Accountancy is the art of presenting financial information of any business organization to the stakeholders such as shareholders and managers, which is normally in the form of financial statements. In simple words, we know accountancy as the primary & most sought-after subject in the department of commerce.

Students having a qualification in this stream have very good knowledge of monetary issues & are generally termed, accountants. The study of accountancy also comprises auditing & financial statements. The shareholders & investors need to know the truth about a company’s financial condition and that is why the job of an accountant is an important matter. Accounting is the procedure of analyzing, verifying & reporting the results of financial information to an organization, government agency, or individual.

The most famous fields include:

  • Forensic Accounting
  • Certified Internal Auditor
  • Comptroller or Controller
  • Accounting Clerk
  • Chief Financial Officer

A few of the popular professional jobs open to MA Accountancy graduates are listed below with their salaries, offered for the respective positions.

Job Roles

Job Description

Approx Annual Pay Scale in INR

Accounting Clerk

Does accounting & clerical functions to support supervisors. Records business transactions & key daily worksheets to the general ledger system. Works with adding machines, & calculators, databases, & bank accounts.

2 lakh

Auditing Clerk

The auditing clerk works in conjunction with accounting & bookkeeping clerks in order to manage accurate financial records for large & small businesses. The auditing clerk is accountable for verifying the accuracy of financial records & catching mistakes made by other clerks or employees.

3.5 Lakh

Accounting Associate

Assist accountants & auditors with bookkeeping, clerical duties, & managing accounts. 

Resolve outstanding payments through communication with departments, vendors, & clients. Process, record, & pay invoices, bills, & other transactions.

4 lakh

Director of Accounts

The Director of Account is the person to whom the account supervisor & account executives look for support, guidance, & counsel. Responsibilities: Overall growth & development of accounts in his group.

6 Lakh

Accountant

The major accountability is to prepare the account entries by compiling & analyzing account information. Performs the Documentation of the financial transactions by entering account information. Recommends financial actions by analyzing accounting options.

4.5 lakh

Accounts Receivable Clerk.

Posts the entries after the customer payments by recording cash, checks, & credit card transactions. Posts the revenues by verifying & entering transactions from lockboxes & local deposits. Updates the receivables by totaling unpaid invoices. Maintains the records by microfilming invoices, debits, & credits.

6.5 lakh

Bookkeeper

A bookkeeper has the job of establishing an accounting chart of financial transactions by developing a system. Another responsibility is to define the policies & procedures of bookkeeping. All the subsidiary accounts are being maintained by allocating, verifying, & posting transactions. Reconciling the entries and are balanced for subsidiary accounts. 

5.5 lakh

Chief Accounting Officer

The Chief Accounting Officer has accountability for the entire accounts department of their organization. They show responsibility for the accounting operations & reporting of finance functions. Accounting & administrative staff is taken care of.

6.5 lakh

Accounting Firm Partner

The accounting firm’s partner is very trained in his job for the application of his accountancy knowledge in auditing &  accounting to estimate the status of the organization in financial terms. He assists in the transparent reflection of the transactions which eventually supports the organization to build up its reputation.

12 lakh

Audit Manager

An Audit Manager is a manager who is accountable for overseeing & organizing the audits of the company internally with respect to the audit plan annually & also manages the team of auditors. 

10 lakh

Forensic Accounting

This person has duties of investigation, auditing to analyze the statements of finance to investigate the fraud. Forensic accountants possess the specialized skills of accounting.

4.5 lakh

MA Accountancy Course Salary:

On successful completion of this course, the graduates are entitled to receive many job opportunities in both the public sector, if they clear civil service exams, and in private companies & also with an option to also venture into freelance auditing. The approx salary package for a MA Accountancy Graduate starts from INR 3 L per annum depending upon the job & sector they're employed.

MA Accountancy FAQs:

Q1. Difference between M.Com Accountancy and MA Accountancy?

M.Com specializes in more technical accountancy & corporate auditing whereas MA Accountancy specializes in students for central & state government accountancy.

Q2. What after MA Accountancy?

Candidates after doing MA Accountancy can opt for pursuing either Ph.D. in accountancy or finance or even NET or B.Ed courses.

Conclusion:
Dear students, we have tried to put forward all the essential information with regard to the MA Accountancy course. We hope that this information regarding all the aspects of the MA Accountancy Course - MA Accountancy Course Fees, MA Accountancy Course Duration, MA Accountancy Course Eligibility, MA Accountancy Course Admission, MA Accountancy College, MA Accountancy  Syllabus, MA Accountancy Placement, MA Accountancy Job after the course, MA Accountancy Scope, MA Accountancy Course Salary, will help you take the correct and the calculated decision for your career.

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