About the course
M.Com is a two year course, minimum eligibility for which is a B.Com degree. Accounting is essentially the communication process through which financial information is passed to its users such as shareholders.
The final selection will be based on the test score, academic profile and interview. The mode of admission is through an Entrance Examination and tests carried out by different universities.
Accountancy or accounting is the art of presenting financial information of any business organization to users such as shareholders and managers, which is generally in the form of financial statements.In common words, we know accountancy as the primary and most sought after subject in the department of commerce. Students having qualification in this field have very good knowledge of monetary matters and are generally termed as accountants.
The study of accountancy also includes auditing and financial statements. The shareholders and investors need to know the truth about a company’s financial state and that is why the job of an accountant matters the most.
Eligibility
- Have a bachelor's degree in commerce, economics, management, or a related field from a recognized university.
- Have a minimum of 50% marks in the qualifying examination.
- Some universities may require a minimum of 60% aggregate for students who have completed Economics (H), BBA, BFIA, and BBE .
- Reserved category students may be eligible for a marks relaxation of up to 5% .State-level universities may offer mark relaxation to home-state students
Why to study MCom Accountancy
- A Master of Commerce (M.Com) in Accountancy can be a good choice for those looking to advance their career in accounting, banking, finance, or other related fields.
- An M.Com in Accountancy can help you develop skills in accounting, finance, banking, and insurance. You can also gain expertise in areas like financial management, strategic planning, and regulatory compliance.
- An M.Com in Accountancy can lead to many job opportunities, including tax coordinator and cost accountant. You can also pursue certification courses in Chartered Accountancy (CA) or Certified Management Accountant (CMA).
- An M.Com can help you advance your career, increase your earning potential, and specialize in a particular area.
Scope of MCom Accountancy
- MCom graduates can also pursue certification courses, such as Certified Management Accountant (CMA) or Certified Public Accountant (CPA).
- A Master of Commerce (MCom) in Accountancy opens up a wide range of career opportunities in accounting, finance, and business management. The scope of MCom in Accountancy is extensive due to the constant need for skilled accountants and financial professionals in various sectors.
- Accounting and Auditing:MCom Accountancy graduates can work as accountants, auditors, and internal auditors in both public and private sectors.
- Corporate Finance:The skills learned during the MCom can lead to positions like financial analyst, finance manager, or financial consultant in corporations, financial institutions, or multinational companies.
- Forensic Accounting:Working in fraud investigation, litigation support, and examining financial discrepancies.
Top 10 colleges in India
| S.NO | NAME OF THE COLLEGE | AVERAGE PACKAGE | NO OF SEATS | PLACE |
|---|---|---|---|---|
| 1 | Mithibai College of Arts | RS.4.72 LPA avg | 60 approx | Mumbai, Maharashtr |
| 2 | Hindu college | Rs.9.24 LPA avg | 22-30 approx | Delhi |
| 3 | Loyola college | Rs.6.34 LPA avg | 30-60 approx | Chennai |
| 4 | Kishinchand Chellaram College | Rs.5.5-6 LPA avg | 60 approx | Mumbai |
| 5 | Ramjas College | Rs.5.80-6 LPA avg | 26-30 approx | Delhi |
| 6 | Atma Ram Sanatan Dharma College | Rs.7.8-9 LPA avg | 20 approx | New Delhi |
| 7 | University of Delhi | Rs.8.3-12 LPA avg | 29-30 approx | Delhi |
| 8 | Hansraj college | Rs.8.2-10 LPA avg | 36 approx | Delhi |
| 9 | Shri Ram College of Commerce | Rs.8.63 LPA avg | 44 approx | New Delhi |
| 10 | Amity University Noida | Rs.8-10 LPA avg | 120 approx | Noida, Uttar Pradesh |
Syllabus of the Course
YEAR 1
| SEM 1 | SEM 2 |
|---|---|
| Management Principles & Practices | Organizational Behaviour |
| Business Environment | Research Methodology |
| Advanced Financial Accounting | Financial Management |
| Statistical Analysis | Accounting for Managerial Decisions |
YEAR 2
| SEM 3 | SEM 4 |
|---|---|
| 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 |
Fees Structure
| TYPE OF QUOTA | AVERAGE FEES PER YEAR |
|---|---|
| Government Quota | RS.10,000 - 50,000 approx |
| Management Quota | Rs.50,000 - 3,00,000 approx |
Job Roles
- Stock Broker:Stock Brokers usually deals with stocks and performs financial services for the company.
- Assistant Professor:They are usually employed in institutes and colleges and teach the younger generations everything about commerce and conduct research at the same time.
- Finance Consultant:They help their clients in meeting their short and long term goals by advising them on tax planning, investment and retirement planning and others.
- Investment Banker:They basically help their clients to raise money in the capital market by issuing debt or selling their equity in the companies.
- Cost Accountant:They usually perform routine analyses to help determine the type of operations and materials that are most cost effective for the office or their organization.