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Accountancy or accounting is the art of providing users, such as owners and administrators, with financial reports from any corporate entity, usually in the form of financial statements. The duration of this course is 2 years. In other words, in the Department of Commerce, we consider accounting as the primary and most sought after subject. Students with training in this area have a very strong grasp of monetary problems and are commonly called accountants. Auditing and financial reporting also require the study of accountancy. Shareholders and analysts deserve to know the facts about the financial status of a corporation, and that's why an accountant's work matters the most. Accounting is the practice of reviewing, checking, and reporting to an organization, government department, or person the effects of financial reports.

Any of the fields that are most common include:

Accounting forensics
An Inner Auditor Accredited
Controller/Comptroller
Clerk Accounting
Chief Executive of Treasury

Eligibility Criteria for M.Com (Accountancy)

The student must have a bachelor's degree in commercial subjects such as accounting, maths, and economics.
The applicant should have finished his B.A. / B.com / BBS or some other associated degree of daily tenure and at least 50 percent of the overall marks secured.

Admission Process for M.Com (Accountancy)

Accounting admissions will be carried out on the basis of an entrance test.
Each university/admission institution's procedure is different.
Most universities/colleges hold their own entrance examination for admission.

Entrance Exams for M.Com (Accountancy)

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

Course Highlights for M.Com (Accountancy)

Course Level		Post Graduate
Duration		2 year
Examination Type		Semester System
Eligibility		Bachelor's degree in business areas such as accounting, physics, and economics
Admission Process		Dependent on advice after clearance of Entrance Exams
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 Consulting SERVICES LIMITED, WNS Global Services, Wipro Technologies Ltd., Bharat Sanchar Nigam Limited (BSNL), Heavy Engineering Company Limited, National Small Industry Corporation Limited (NSIC), Tata Motors (HEC Ltd)

Top Institutes for M.Com (Accountancy)

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	-
Jiwaji University	Gwalior	INR 10,000

Syllabus and Course Description for M.Com (Accountancy)

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

Career Prospects for M.Com (Accountancy)

A graduate can initially enter as a trainee or an accountant after completion of his/her course. Accountants can also pursue jobs in a number of industries, including public and private businesses, public accounting agencies, market analysis, budget planning, companies, and consultancies.

Professionals may also opt for teaching positions in universities and colleges in this career. In this area, graduate professionals will work as freelancers. There are plenty of career openings available for chartered accountants in India as well as in foreign countries.

In both the private and public sectors, there are plenty of work openings. You can also apply for employment in the government sector or work in the business world.

Students will operate in various colleges & universities as a teacher/lecturer. The required inspections, such as UGC NET/JRF, etc., must be explicit.

Job Profile	Description	Average Annual Pay Scale in INR
Accounting Clerk	To assist managers, perform accounting and clerical tasks. Record the general ledger system of corporate expenses and main everyday worksheets. Act with the inclusion of computers, calculators, bank accounts, and databases.	207,756
Auditing Clerk	In order to manage detailed financial reports for big and small corporations, auditing clerks work in collaboration with accounting and bookkeeping clerks. It is the duty of auditing clerks to ensure the integrity of financial statements and catch errors made by other clerks or staff.	2.5 Lakh
Accounting Associate	Assist accountants and auditors in payroll, clerical work, and account administration. Resolve pending bills by communicating with departments, manufacturers, and consumers. Invoices, bills, and other transfers are collected, registered, and paid.	230,410
Directors (Accounts)	The Account Director is the entity to whom assistance, advice, and advice are sought by the account supervisor and account executives. Responsibilities: In his party, total development and growth of accounts.	5 to 19 Lakh
Accountant	The main responsibility is to collect and review account data and plan the account entries. Record financial transfers by entering account data. Recommends financial behavior by accounting options review.	234,080
Accounts Receivable Clerk.	By tracking currency, checks, and credit card purchases, it posts consumer payments. Posts income from the lock box and local deposits through checking and entering transactions. Updates receivables by totaling invoices that are not paid. Maintains documentation by invoices, debits, and credits for microfilming.	238,941
Bookkeeper	The bookkeeper has a responsibility to construct a financial transaction account map by creating a method. Another responsibility is to specify bookkeeping policies and procedures. Through allocating, checking and publishing transfers, all of the subsidiary accounts are managed. Reconciling entries for subsidiary accounts are matched.	455,286
Chief Accounting Officer	The Chief Accounting Officer is responsible for his organization's entire accounting department. They reflect accountability for accounting processes and financial feature reporting. There is oversight of accounting and management employees.	3,335,902
Accounting Firm Partner	Accounting business partner is very well educated in his work to use his auditing and accounting skills to estimate the organization's financial position. He helps to focus transparently on the transactions that actually help the company develop its credibility.	1,250,000
Audit Manager	Audit management is a manager who is responsible for annually monitoring and coordinating the company's audits internally with respect to the audit strategy and he also leads the audit team.	1,030,433
Forensic Accounting	This practice has investigation responsibilities, auditing, and reviews financial records to prosecute fraud. The advanced abilities in accounting were held by forensic accountants.	400,000