byGaganDeep
Updated on - 23 May, 2024
M.Com (Accountancy) stands for Master of Commerce in Accountancy, and it is a postgraduate program in commerce and accountancy. These are advanced concepts in accounting, taxation, auditing and finance which can be covered in this two-year course. The curriculum also offers detailed understanding about the financial reporting, management accounting, accounting standards, corporate governance and many related areas. Accounting courses show students how to record business transactions, create statement, and interpret them for managerial purposes and provide knowledge on the use of accounting software.
Some of the examinations discussed above for admission into M.Com are CAT, XAT, MAT, CMAT, ATMA, and state level exams. The exam dates are usually around December up to February of the following year. These schedules are important - Registration for CAT and MAT, usually in August September The actual exams are conducted from November to February. The CMAT registration is normally done in the month of November while the exam is usually in the last week of February.
| Feature | Details |
|---|---|
| Full Form | Master of Commerce (Accountancy) |
| Duration | 2 Years (Full-Time) |
| Course Level | Postgraduate |
| Eligibility | Bachelor's Degree in Commerce (B.Com) or Equivalent with Minimum Marks Requirement (varies by college) |
| Top Colleges (India) | University of Delhi (Delhi), St. Xavier's College (Kolkata), Symbiosis School of Economics & Finance (Pune), The Indian School of Management and Entrepreneurship (Bangalore), Loyola College (Chennai) |
| Entrance Exam | Merit-Based Selection (Some Colleges) |
| Entrance Exam (Examples) | University Entrance Exams (DUET, CUCET etc.), Institute Specific Entrance Exams |
1. For Freshers: Pass in graduate degree in commerce or business administration with 50% aggregate marks.
2. Mathematics or Business Mathematics is one of the subjects that is needed when pursuing ones degree at university level.
3. Working experience is needed in many universities after graduation from these universities for 2-3 years in accounting or in a related field.
4. Additional tests and entrance examination such as CAT or MAT may be necessary to get admitted to premier institutes.
5. Good communication skills in terms of oral, written, and computing skills is expected by most of the institutes and universities.
6. A good command of English language is important because it is used as medium of instructions for most of the M.Com programmes in India.
1. CAT – Common Admission Test of IIMs to get admission in MBA and PGDM including M.Com
2. CET – Common Entrance Test is conducted by the State as well as Central universities for the admission to M.Com.
3. AMU : Aligarh Muslim University entrance test for M.Com courses offered by AMU
4. BHU – The entrance examination for M.Com and other post graduate courses conducted by Banaras Hindu University
5. JNUEE – The Jawaharlal Nehru University Entrance Examination for the course of master of commerce and other post graduate courses in JNU
| Subject | Important Topics |
|---|---|
| Financial Accounting | Advanced Accounting Standards (IFRS, Ind AS), Company Law & Corporate Governance, Accounting for Leases, Consolidation of Accounts |
| Management Accounting | Cost & Volume Profit Analysis, Budgeting & Forecasting Techniques, Performance Management Systems, Responsibility Accounting |
| Auditing | Auditing Theory & Practice, Internal Audit, Risk Management & Audit, Information Systems Audit |
| Direct Tax | Income Tax Law & Computation, Tax Planning & Management, Special Provisions (Capital Gains, International Taxation) |
| Indirect Tax | Goods & Services Tax (GST), Customs Law, International Tax Law |
| Elective Courses (Indicative) | Forensic Accounting, Accounting for Financial Services, Management Accounting Control Systems, Security Market Analysis, Public Sector Accounting |
| Research Methodology & Project Work | Research Design & Methods, Data Analysis Techniques, Research Report Writing |
1. Some of the qualification requirements include: Bachelor of commerce or accounting – minimum 50% from a recognized university.
2. Shortlist colleges - Prepare a list of the best colleges in India that offer M.Com Accountancy depending on their offered courses and specialization, course fees, and placement opportunities.
3. Online application – Students should visit the websites of all the shortlisted colleges and complete their application process in accordance with the admission notification.
4. Next upload documents – Upload scanned copies of required documents such as graduation mark-sheets, certificates, ID proof, photos etc. as needed.
5. Banking details – bank account details such as net banking, debit card/ credit card to be used to pay the application and admission fees as applicable,
6. Many a times, if the candidate fulfills the above said criteria, the candidate’s name will appear in the merit list and will be notified about the next course of action by the respective college.
| College Name (City, State) | Fees (Annual Approx.) |
|---|---|
| Delhi School of Economics (University of Delhi) | ₹10,000 |
| Department of Commerce (University of Mumbai) | ₹15,000 |
| Madras School of Economics (Chennai) | ₹20,000 |
| University of Calcutta (Kolkata) | ₹8,000 |
| Banaras Hindu University (Varanasi) | ₹12,000 |
| Osmania University (Hyderabad) | ₹9,000 |
| The Maharaja Sayajirao University of Baroda (Vadodara) | ₹10,000 |
| University of Allahabad (Allahabad) | ₹7,000 |
| Gauhati University (Guwahati) | ₹6,000 |
| College Name (City, State) | Fees (Annual Approx.) |
|---|---|
| Symbiosis School of Economics & Finance (Pune, Maharashtra) | ₹1,20,000+ |
| The Indian School of Management and Entrepreneurship (Bangalore, Karnataka) | ₹1,50,000+ |
| SP Jain Institute of Management & Research (Mumbai, Maharashtra) | - |
| Narsee Monjee Institute of Management Studies (Mumbai, Maharashtra) | ₹1,00,000+ |
| Shiv Nadar School of Management & Entrepreneurship (Delhi NCR) | ₹1,30,000+ |
| Amity School of Business (Noida, Uttar Pradesh) | ₹80,000+ |
| Woxsen School of Business (Hyderabad, Telangana) | ₹90,000+ |
| KIIT School of Management (Bhubaneswar, Odisha) | ₹70,000+ |
| College Name (City, State) | Average CTC (LPA) |
|---|---|
| Delhi School of Economics (University of Delhi) | 6-10 |
| Symbiosis School of Economics & Finance (Pune) | 5-8 |
| Narsee Monjee Institute of Management Studies (Mumbai) | 6-9 |
| Amity School of Business (Noida) | 4-6 |
| Woxsen School of Business (Hyderabad) | - |
| KIIT School of Management (Bhubaneswar) | 4-5 |
| Jain University (Bangalore) | 3.5-5 |
| Christ (Deemed to be University) (Bangalore) | 4-6 |