Master Of Commerce (M.Com.) Accountancy

  • course years 2 Years
  • type of course Post Graduate
  • course stream Commerce
  • course type Full Time
Written By universitykart team | Last Updated date Apr, 18, 2024

About M.Com. Accountancy: Full-Form, Admission Process, Eligibility, Exams, Syllabus, Fees, Jobs, Top Colleges, Other Specializations

To qualify for an M.Com course, you must have a graduation degree in a relevant field of study, such as accountancy or finance. In some cases, you may need to write an entrance exam. Other institutions may require an entrance exam in addition to a B.Com. degree. 

A Master of Commerce (M.Com.) An accountancy degree can lead to employment in the public or private sector. Graduates of this degree program can find jobs in nationalized banks, such as the Union Bank and the State Bank of India. They can also get hired by the Railway Recruitment Board for positions such as Assistant Accounts/Audit Officer. 

After graduating, you'll have a diverse range of career options. Chartered Accountants are among the most sought-after jobs for M.Com graduates. Other job roles include Finance Executive, Bank Manager, Trade Manager, Wealth Manager, Share Broker, and Teacher. 

The M.Com advanced two-year program that deals with topics in business and finance. It focuses on developing individuals with the knowledge to lead, manage, and lead in this area of expertise. Some graduates of the Master of Commerce program may find employment as Financial Consultants, Accountants, and Budget Analysts.

Highlights - M.Com Accountancy Course Details

Course Level

Post Graduate

Duration

2 years

Examination Type

Semester System

Eligibility

Bachelor's degree with commerce subjects such as accounts, maths, and economics

Admission Process

Based on counselling after clearing Entrance Tests

Course Fee

INR 1 to 4 Lakh p.a.

Average Starting salary

INR 4 Lakh to 20 Lakh p.a.

Top 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)

What is M.Com Accountancy

M.Com Accountancy stands for Master of Commerce in Accountancy. It is a postgraduate degree program designed for students who want to pursue advanced studies in the field of accounting and finance. The program typically builds on the knowledge gained during an undergraduate degree in commerce, business, or a related field.

The M.Com Accountancy program provides a comprehensive understanding of accounting principles, financial analysis, management accounting, auditing, taxation, and other related areas. It equips students with the theoretical knowledge and practical skills needed to work in various accounting and finance roles in corporations, government organizations, or as independent professionals.

During study, students may cover a range of subjects such as advanced financial accounting, management control systems, financial statement analysis, cost accounting, tax planning and management, auditing and assurance, accounting information systems, and research methodology. The curriculum often includes a combination of lectures, seminars, case studies, group projects, and internships to provide a well-rounded educational experience.

Graduates with an M.Com Accountancy degree can pursue careers in public accounting firms, corporate finance departments, government agencies, financial institutions, consulting firms, or academia. They may work as accountants, financial analysts, auditors, tax consultants, and finance managers, or pursue further qualifications such as a Certified Public Accountant (CPA) or Chartered Accountant (CA) designation.

The Duration of the M.Com Accountancy program can vary depending on the university and country, but it typically ranges from one to two years of full-time study. Some institutions may also offer part-time or distance learning options to accommodate working professionals or those with other commitments.

M.Com Accountancy Admission Process

The admission process for M.Com Accountancy programs can vary between universities and countries, but here are some common steps and requirements typically involved:

  1. Eligibility Criteria: Before applying, ensure that you meet the eligibility criteria specified by the university. This usually includes holding a bachelor's degree in a relevant field, such as commerce, business, or economics, with a minimum aggregate score or percentage. Some universities may also require a minimum score in a specific entrance exam.

  2. Entrance Exams: Many universities conduct entrance exams for admission to M.Com (Accountancy) programs. Common entrance exams include the Common Admission Test (CAT), Management Aptitude Test (MAT), or university-specific exams. Check the requirements of your desired universities and prepare for the relevant exams.

  3. Application Form: Visit the official websites of the universities you are interested in and obtain the application form for the M.Com (Accountancy) program. Fill out the form accurately, providing all the required personal, academic, and professional details. Some universities may also require additional documents, such as a statement of purpose or letters of recommendation.

  4. Submission of Documents: Along with the completed application form, you will need to submit supporting documents. These typically include mark sheets or transcripts of your bachelor's degree, proof of graduation, certificates of relevant work experience (if applicable), and proof of English language proficiency (for international students).

  5. Group Discussion and Personal Interview: Some universities may conduct a group discussion (GD) and/or personal interview (PI) as part of the admission process. The GD assesses your communication skills, teamwork, and problem-solving abilities, while the PI evaluates your knowledge, motivation, and suitability for the program.

  6. Merit List and Admission Offer: After evaluating the applications, universities will release a merit list or shortlist of candidates who have been selected for admission. If you are offered admission, you will receive an admission letter or offer of admission from the university.

  7. Acceptance and Enrollment: Accept the admission offer by following the instructions provided by the university. Pay the required fees and complete the enrollment process within the specified deadline to secure your place in the M.Com (Accountancy) program.

M.Com Accountancy Eligibility

To Pursue an M.Com in Accountancy degree, candidates must meet specific eligibility criteria. A bachelor's degree in commerce subjects such as accounts, mathematics, and economics is typically required. Alternatively, a B.A., B.Com., BBS or any other related degree with regular tenure and a minimum of 50% aggregate marks is also acceptable.

List of Entrance Exams for M.Com:

  • 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 Top Institutes

Name of Institute

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 and Science College

Puducherry

INR 25,000

Mohanlal Sukhadia University

Udaipur

INR 20,000

IIS university

Jaipur

NA

Jiwaji University

Gwalior

INR 10,000

M.Com Accountancy Syllabus and Course Description

Semester I

Semester II

Management Principles & 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 Career Opportunities and Job Prospects

Graduates of the M.Com Accountancy Program can opt for various careers, including banking, finance, and accounting. The job market for M.Com graduates is highly competitive, which means they should be aware of the latest career trends and opportunities in the field. However, if you are planning to pursue a doctorate program in accountancy, you should keep in mind that obtaining your degree is not enough. 

M.Com degree holders are eligible for Chartered Certified Accountants (ACCA) examinations. The qualifications of these professionals are highly respected in the corporate world and demand for these professionals is high. During undergraduate studies, many commerce students choose to take this course. The knowledge of accounting concepts helps them in the ACCA exam. 

After graduation, M.Com graduates can opt for a variety of professional courses. They can also pursue a Ph.D. program or teach. Some M.Com graduates choose to specialize in accounting or finance. This is important if they intend to enter the teaching profession or pursue a Ph.D. program. The degree can also open up new career opportunities in the finance and international banking sectors.

Upon completion of the Master of Commerce course, job prospects are excellent. After earning your degree, you can pursue a career in finance, management, or acting as a financial analyst. Many M.Com graduates become stockbrokers or bankers. A few other options include actuary, financial analyst, and stockbroker. 

M.Com Accountancy salary

The salary prospects for individuals with an M.Com (Master of Commerce) degree in Accountancy can vary based on several factors, including work experience, job role, industry, geographic location, and individual skill set. Here is an overview of salary expectations for various job profiles related to M.Com Accountancy graduates:

Job Profile Description Average Annual Pay Scale in INR
Accounting Clerk Perform accounting and clerical functions, record business transactions, and handle worksheets and general ledger systems. 207,756
Auditing Clerk Work with accounting and bookkeeping clerks to manage financial records, verify accuracy, and identify mistakes. 2.5 Lakh
Accounting Associate Assist accountants and auditors with bookkeeping, manage accounts, and handle invoice and payment processing. 230,410
Directors (Accounts) Account Directors provide support, guidance, and counsel to account supervisors and executives. They are responsible for the overall growth and development of accounts in their group. 5 to 19 Lakh
Accountant Prepare and record account entries, compile and analyze account information, and recommend financial actions. 234,080
Accounts Receivable Clerk Handle customer payments, record transactions, post revenues, and maintain receivables. 238,941
Bookkeeper Establish account charts, define bookkeeping policies and procedures, maintain subsidiary accounts, and reconcile entries. 455,286
Chief Accounting Officer Oversee the entire accounts department of an organization, responsible for accounting operations, reporting, and managing accounting staff. 3,335,902
Accounting Firm Partner Apply knowledge in auditing and accounting to assess the financial status of an organization and ensure transparent reflection of transactions. 1,250,000
Audit Manager Manage and organize internal audits, lead a team of auditors, and oversee the annual audit plan. 1,030,433
Forensic Accounting Investigate and analyze financial statements to detect fraud, utilizing specialized accounting skills. 400,000

M.Com. Accountancy Future Scope

The Master of Commerce (M.Com) is an ideal graduate degree for those who wish to pursue a career in accountancy. With a strong foundation in accounting, a student can choose to specialize in taxation, corporate finance, banking, or finance. These professionals will find a wide variety of career options that will allow them to utilize their advanced skills and knowledge in an increasingly competitive world.

Career opportunities in the public sector are vast and diverse. One can work as a finance manager, accountant, or manager in the government. A Master of Commerce M.Com. in Accountancy is a two-year postgraduate degree that will open doors to numerous career opportunities, including positions in accounting, auditing, and banking. It will also help students refine their skills in the fields of accounting, insurance, and banking.

After graduating with an M.Com. Accountancy program, graduates may pursue jobs as an Auditors, Business Analysts, Consultants, Tax Accountants, Financial officers, Stockbrokers, and Sales Analysts. They can also apply for government jobs, such as those in the tax department or government.

Master Of Commerce (M.Com.) Accountancy FAQ

1. What is M.Com. Accountancy?

Ans. M.Com. Accountancy is a postgraduate degree program that focuses on advanced studies in the field of accounting and finance. It builds on the knowledge gained during an undergraduate degree in commerce or a related field. The program provides a comprehensive understanding of accounting principles, financial analysis, management accounting, auditing, taxation, and other related areas.

2. What are the eligibility criteria for M.Com. Accountancy?

Ans. The eligibility criteria for M.Com. Accountancy programs can vary between universities, but generally, you need to hold a bachelor's degree in commerce, business, economics, or a related field. Some universities may require a minimum aggregate score or percentage, and specific entrance exams may also be considered. Check the specific eligibility criteria for your desired university.

3. What are the career options after M.Com. Accountancy?

Ans. M.Com. Accountancy graduates have a wide range of career options in the fields of accounting, finance, and auditing. They can pursue roles such as accountants, financial analysts, auditors, tax consultants, finance managers, or consultants in public accounting firms, corporate finance departments, government agencies, financial institutions, or consulting firms. Further qualifications, such as a CPA or CA designation, can also enhance career prospects.

4. What is the duration of the M.Com. Accountancy program?

Ans. The duration of the M.Com. Accountancy program can vary, but it typically ranges from one to two years of full-time study. Some universities may offer part-time or distance learning options that provide flexibility for working professionals or those with other commitments.

5. What are the admission requirements for M.Com. Accountancy?

Ans. Admission requirements can vary between universities, but generally, you will need to submit an application form, academic transcripts, letters of recommendation, a statement of purpose, and proof of English language proficiency (for international students). Some universities may also conduct entrance exams, group discussions, or personal interviews as part of the admission process.

6. What is the difference between M.Com. Accountancy and MBA in Finance?

Ans. M.Com. Accountancy focuses specifically on accounting and finance-related subjects, providing an in-depth understanding of accounting principles and practices. On the other hand, an MBA in Finance offers a broader perspective on business management, with a specialization in finance. An MBA may cover a wider range of business-related topics, including strategy, marketing, and leadership, along with finance-specific courses.

7. Are there any specializations within the M.Com. Accountancy program?

Ans. Yes, some universities offer specializations or concentrations within the M.Com. Accountancy program. Common specializations include Financial Accounting, Management Accounting, Auditing, Taxation, Financial Analysis, and Accounting Information Systems. These specializations allow students to focus their studies on a particular area of interest within the field of accountancy.

8. What are the key skills acquired through an M.Com. Accountancy program?

Ans. Through an M.Com. Accountancy program, students develop a range of valuable skills, including analytical thinking, financial analysis, problem-solving, decision-making, communication, and teamwork. They also gain expertise in accounting software, financial modeling, and research methodologies. These skills are highly sought-after by employers in the accounting and finance industries.

9. What are the future prospects for M.Com. Accountancy graduates?

Ans. M.Com. Accountancy graduates have strong career prospects, as accounting and finance professionals are in high demand across various industries. They can find employment in public accounting firms, multinational corporations, financial institutions, government agencies, consulting firms, or pursue entrepreneurship. With experience and further qualifications, they can also advance into senior management or leadership roles within their organizations.

10. Are there any professional certifications that can be pursued after M.Com. Accountancy?

Ans. Yes, M.Com. Accountancy graduates can pursue various professional certifications to enhance their career prospects. Some popular certifications include Certified Public Accountant (CPA), Chartered Accountant (CA), Chartered Certified Accountant (ACCA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), and Certified Financial Analyst (CFA). These certifications provide additional credibility and expertise in specific areas of accounting and finance.

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