M.Com Accounting Course | Subjects, Syllabus, Eligibility, Duration, Scope & Job
College Disha
/

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

02 Sep,2020

155

5 min read read

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.

Top M.Com Accountancy Course offering institutes are:

  • Shri Ram College of Commerce, Delhi
  • Loyola College, Chennai
  • Christ University, Bangalore
  • Hindu College, New Delhi

For this course, the average tuition fee varies from INR 1 Lakh to 4 Lakhs for the entire course. In accountancy degree, M.Com holders may apply for jobs in different firms.

Some of these companies are -

  1. Genpact, 
  2. Tata Consultancy Services Limited,
  3. WNS Global Services, 
  4. Wipro Technologies Ltd., 
  5. Tata Motors, 
  6. Bharat Sanchar Nigam Limited (BSNL), 
  7. National Small Industries Corporation Limited (NSIC), 
  8. HEC Ltd.

They can serve as chief accounting officer, accounting firm partner, financial director, audit manager in those businesses. A graduate who has completed this course has an average minimum salary of about INR 650,000 to 12, 00,000.

M.Com Accountancy Course Some of the Main Highlights

Level of the Course

PostGraduation

Duration of the course

2 year

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 Required Skillset:

The M.Com Accountancy course is all about numbers, graphs, and estimates, so sharp analytical skills and 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:

M.Com Accountancy Course Required Skillset

Logical reasoning

Ability to remember facts and figures

Strong analytical skills

Ability to handle work pressure (as well as work)

Strength in Mathematics

Strong verbal and communication skills

Eye for detail

Leadership qualities

Knowledge of banking and finance sector

Good with computers

M.Com Accountancy Course: About the course

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.

Few of the most commonly used areas include:

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

M.Com Accounting Course Fees:

The M.Com Accounting Course Fees differ from college to college. It mostly ranges between 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.

M.Com Accountancy Course: Some of the Top Institutes

Name of Institute or College

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 with 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

Semester I

Semester II

Management Principles and Practices

Organizational Behaviour

Business Environment

Research Methodology

Advanced Financial Accounting

Financial Management

Statistical Analysis

Accounting for Managerial Decisions

Semester III

Semester IV

Management of Cost Accounting

Indian Financial System

Corporate Accounting

Institutional Accounting

Investment Management

Strategic Financial Management

Income Tax Law and Practices

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/lecturer. 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.

Job Profile

Description

Salary

Accounting Clerk

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.

207,756

Auditing Clerk

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.

2.5 Lakh

Accounting Associate

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.

230,410

Directors (Accounts)

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.

5 to 19 Lakh

Accountant

The main duty is to collect and review account information to prepare the account entries. Financial transactions are checked by entering details of the account. Recommends financial steps by review of accounting options.

234,080

Accounts Receivable Clerk.

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.

238,941

Bookkeeper

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. 

455,286

Chief Accounting Officer

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.

3,335,902

Accounting Firm Partner

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.

1,250,000

Audit Manager

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.

1,030,433

Forensic Accounting

This specialty has forensic, auditing responsibilities to review financial statements and prosecute the fraud. Forensic accountants have the advanced competencies of accounting.

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 Manager

Finance Executive

Financial Analyst

Assistant Manager

Accounts Executive

Cashier/Teller

Cost Accountant

Chartered Accountant

Company Secretary

Bank Manager

Risk Analyst

Business Analyst

Marketing Manager

Securities Analyst

Investment Banker

Share Broker

Bank Executive

Wealth Manager

Market Analyst

Trader

Entrepreneur

Teacher

Lecturer

Researcher

Finance Consultant

Auditor

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 department. 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

Punjab National Bank

ICICI Bank

Citibank

HDFC

Pricewaterhouse Cooper

RBS

Deloitte

IndusInd Bank

KPMG

Ernest & Young

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.

Need help?

Copyright @2021. www.collegedisha.com . All rights reserved