M.Com Accounting Course, Fees, Admission, Subjects, Syllabus, Eligibility, Duration, Scope & Job Profile 2024

M.Com Accounting Course: M.Com is a two-year-long course, for which the minimum eligibility is a B.Com degree. Accounting is simply the mechanism of correspondence by which financial information is passed on to its consumers, including shareholders.

The final selection is based on the score of the exam, academic profile, and interview. The admission mode is carried out by various universities through an Entrance Examination and exams.

M.Com Accountancy Course: Highlights

➥ Level of the Course: PostGraduation
➥ Duration of the course: 2 years
➥ Type of Examination: Semester System
➥ Eligibility criteria: Bachelor's degree with relevant commerce subjects such as accounts, maths, and economics
➥ Admission Procedure: Based on counseling after clearing Entrance Tests
➥ Course Fee: INR 1 to 4 Lakh p.a.
➥ Approx Starting salary: INR 4 Lakh to 20 Lakh p.a.
➥ Popular recruiting companies: 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)

M.Com Accountancy Course: Overview

Accountancy or accounting is the practice of providing financial reports to customers such as shareholders and administrators of any corporate entity and is usually in the form of financial statements. In common words, we know accountancy in the department of commerce as the primary and most sought-after subject. Students with training in this area have very strong monetary skills and are commonly referred to as accountants.

The accountancy study also includes financial statements and auditing. Shareholders and investors like to know the truth about the financial status of a corporation and that's why an accountant's work most matters. Accounting is the method of analyzing, checking, and disclosing to an entity, government department, or person the effects of financial information.

A few of the most commonly used areas include:

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

M.Com Accountancy Course Required Skillset:

The M.Com Accountancy course is all about numbers, graphs, and estimates, so sharp analytical skills and a love of statistics are important for an aspirant. To pursue the M.Com Accountancy Course and carry on a career in the related field, the following skills should be possessed:

• Logical reasoning
• Strong analytical skills
• Strength in Mathematics
• Eye for detail
• Knowledge of banking and finance sector
• Ability to remember facts and figures
• Ability to handle work pressure (as well as work)
• Strong verbal and communication skills
• Leadership qualities
• Good with computers

M.Com Accounting Course Fees:

The M.Com Accounting Course Fees differ from college to college. It mostly ranges from INR 1 Lakh to INR 4 Lakh for the entire course. It is very commonly seen that the fees charged by the Private institutions or colleges are way more than the fees which are charged by the Public Colleges. Thus aspirants are advised to go through the brochure of the college well before applying in any of them.

M.Com Accounting Course Duration:

The M.Com Accounting Course Duration is of 2 academic years and to make this syllabus effectively delivered to the students this course is bifurcated into 4 semesters of 6 months each for one semester.

Top Colleges/Universities for M.Com Accountancy Course:

Colleges/Universities	City	Fees
K. P. B. Hinduja College of Commerce	Mumbai	INR 7,000
Annamalai University	Tamil Nadu	INR 20,000-50,000
Acharya Nagarjuna University, Guntur	Guntur	INR 10,000
Bharathiyar University	Coimbatore	INR 10,000
Arignar Anna Government Arts & Science College	Puducherry	INR 25,000
Mohanlal Sukhadia University	Udaipur	INR 20,000
I.I.S. university	Jaipur	-
Jiwaji University	Gwalior	INR 10,000

M.Com Accountancy Course Eligibility:

The candidate must have a bachelor's degree in business subjects such as finance, statistics, and economics to obtain M.Com 's degree in accountancy. The nominee will also need to have completed B.A. / B.com / BBS or any other relevant degree with relevant subjects as required by the college in the daily tenure and the securing in aggregate of at least 50 percent of marks.

M.Com Accountancy Course Admission Procedure:

Numbers of reputed colleges offer commercial courses for undergraduate and postgraduate degrees. There are also private institutions that offer specialization in accounting and correspondence courses as well. Admission to postgraduate accounting courses will be based on the entrance examination. The admission process is different for each University/institution. Many universities/colleges administer their own admission test. You will have to fill out the college/university application form on which you are interested.

M.Com Entrance Exam List is as under:

• Acharya Nagarjuna University M.Com Entrance Exam
• Alagappa University M.Com Entrance Exam
• Aligarh Muslim University M.Com Entrance Exam
• Andhra University M.Com Entrance Exam
• Annamalai University M.Com Entrance Exam

M.Com Accountancy Course Syllabus & Course Description

1st Semester

• Management Principles and Practices
• Business Environment
• Advanced Financial Accounting
• Statistical Analysis

2nd Semester

• Organizational Behaviour
• Research Methodology
• Financial Management
• Accounting for Managerial Decisions

3rd Semester

• Management of Cost Accounting
• Corporate Accounting
• Investment Management
• Income Tax Law and Practices

4th Semester

• Indian Financial System
• Institutional Accounting
• Strategic Financial Management
• Indirect Taxes
• Project and Viva-voce

M.Com Accountancy Course Career Prospects:

A graduate can initially join as a trainee or an accountant upon completion of his / her course. Accountants can also pursue jobs in different industries, such as government and private companies, public accounting firms, market analysis, budget planning, businesses, and consultancies. In this career, professionals can also choose to teach jobs in universities and schools. Graduate professionals may work in that field as freelancers. There are plenty of career opportunities available for chartered accountants in India as well as abroad.

There are plenty of work opportunities in both the private and public sectors. You may also apply for employment in the government sector, or work in the business world. Students will work in various colleges and universities as a teacher/lecturers. You've got to clear the necessary examinations like UGC NET / JRF etc.

One may also enter government & private banks as Customer Relationship Executive & Probationary Officer such as State Bank of India (SBI), Punjab National Bank (PNB), and Axis Bank, HDFC Bank, Union Bank of India, etc.

Some of the common professional avenues open to such graduates with the corresponding salaries provided for the respective positions are listed below.

Accounting Clerk

• Job Description: To assist managers, perform accounting and clerical functions. The general ledger system documents business transactions and the main daily worksheets. Act by adding computers, calculators, bank accounts, and databases.
• Salary: 207,756

Auditing Clerk

• Job Description: Auditing clerks collaborate alongside accounting and bookkeeping clerks to maintain reliable financial statements for both big and small businesses. The auditors are responsible for checking the quality of financial statements and for detecting errors committed by other clerks or employees.
• Salary: 2.5 Lakh

Accounting Associate

• Job Description: Assisting accountants and auditors in bookkeeping, clerical work, and accounts management. Solve unpaid payments by contacting offices, suppliers, and consumers. Invoices, bills, and other transactions are processed, registered, and charged.
• Salary: 230,410

Directors (Accounts)

• Job Description: The Account Director is the individual requesting assistance, advice, and counsel from the account supervisor and account executives. Responsibilities: Overall growth and account development in its group.
• Salary: 5 to 19 Lakh

Accountant

• Job Description: The main duty is to collect and review account information to prepare the account entries. Financial transactions are checked by entering the details of the account. Recommends financial steps by review of accounting options.
• Salary: 234,080

Accounts Receivable Clerk

• Job Description: By tracking cash, checks, and credit card purchases, you post customer payments. Posts revenue by checking and entering transactions in the lockbox and local deposits form. Updates receivables by adding unpaid invoices to the total. Keep records by microfilming of invoices, debits, and credits.
• Salary: 238,941

Bookkeeper

• Job Description: By designing a method, the bookkeeper has a duty to create an accounting chart of financial transactions. Another responsibility is to describe bookkeeping policies and procedures. The allocation, verification, and posting of transactions keep all subsidiary accounts. Conciliation entries for the affiliate accounts are balanced. 
• Salary: 455,286

Chief Accounting Officer

• Job Description: The Chief Accounting Officer has a responsibility to the organization's entire account department. They demonstrate transparency for accounting processes and reporting functions of finance. It is supervised by the accounting and administrative personnel.
• Salary: 3,335,902

Accounting Firm Partner

• Job Description: The accounting firm partner is very professionally trained in his job in applying his knowledge in auditing and accounting to estimate the financial status of the organization. It helps in the transparent reflection of the transactions that ultimately help the organization build its reputation.
• Salary: 1,250,000

Audit Manager

• Job Description: An audit manager is a person who regularly monitors and organizes the company's audits internally with respect to the audit plan, and also manages the auditor's team.
• Salary: 1,030,433

Forensic Accounting

• Job Description: This specialty has forensic, auditing responsibilities to review financial statements and prosecute fraud. Forensic accountants have the advanced competencies of accounting.
• Salary: 400,000

M.Com Accountancy Course Job Profiles & Top Recruiters:

An applicant can pursue a job in the BFSI sector after completing M.Com Accountancy Course, opt for teaching or lecturer-ship, or go for study. There are different job opportunities for MCom graduate holders in both the private, public, and government sectors. Nationalized banks, railways, income tax, and other such government departments are good choices for holders of MCom grades to follow a stable and successful career.

Top M.Com Accountancy Course Degree holders career profiles are:

M.Com Accountancy Course Work Profiles

• Accountant/Senior Accountant
• Finance Executive
• Assistant Manager
• Cashier/Teller
• Chartered Accountant
• Bank Manager
• Business Analyst
• Securities Analyst
• Share Broker
• Wealth Manager
• Trader
• Teacher
• Researcher
• Auditor
• Finance Manager
• Financial Analyst
• Accounts Executive
• Cost Accountant
• Company Secretary
• Risk Analyst
• Marketing Manager
• Investment Banker
• Bank Executive
• Market Analyst
• Entrepreneur
• Lecturer
• Finance Consultant
• Insurance Agent

M.Com Accountancy Course Famous Recruiters

All business organizations, whether it is a global conglomerate or an NGO, require commerce graduates in different capacities to run their finance & accounting departments. Banks and auditing firms hire M.Com Accountancy degree holders in large capacity. Top recruiters include banks, multinational companies, finance firms, and auditing agencies.

• SBI
• ICICI Bank
• HDFC
• RBS
• IndusInd Bank
• Ernest & Young
• Punjab National Bank
• Citibank
• Pricewaterhouse Cooper
• Deloitte
• KPMG
• TFC

Conclusion:

Dear Students, Here in this article we have tried our best to put forward all the relevant and important information regarding the course M. Com Accountancy Course. We hope that this information will help in deciding the best-suited career and would guide you in taking the most calculated life decision regarding your career.

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