collageDiploma in Accounting Management is a 1-year duration diploma course in the field of accounting and finance.
Diploma in Accounting Management provides students with knowledge and skills in management including discussions on the systems, procedures, and policies relevant to company management and decisions. It helps the management in carrying out its function more efficiently and effectively.
Throughout the course students study the process of identification, measurement, accumulation, analysis, preparation, interpretation and communications of financial Information. They study topics like Marketing Organisation and methods, Industrial Relations and Personnel Management, Advanced Management Techniques and many more.
Diploma in Accounting Management Admissions are based on merit marks scored by the students in their previous higher qualification degree. However they must have completed their Intermediate from a recognised board. The average fee to pursue this course ranges from INR 1,600 to 5,000.
Post Completing Diploma in Accounting Management, students can work in various fields such as in Insurance Companies, MNCs, Income Tax Department etc. They can work as Auditor, Accountant, Finance Manager, Accounts Manager, Teacher/ Lecturer etc.
The average salary for a Diploma in Accounting Management ranges from INR 2,00,000 to 4,00,000 per annum. However, they can still opt for a Post Graduation course such as MBA in case they want to get a masters degree in the field of Accounting Management.
Diploma in Accounting Management: Course Highlights
| Course Level | Diploma |
| Duration | 1 year |
| Examination Type | Semester System/ Yearly |
| Eligibility | Passed Class 12 or equivalent in relevant discipline from a recognised board. |
| Admission | Based on Merit in Class 12 examination |
| Average Annual Fees | Between INR 1,600 and 5,000 |
| Average Annual Salary | INR 1,80,000 to 4,00,000 |
| Top Recruiting Organizations | Government Offices, VMOU, KOU, MNCs, etc. |
| Top Recruiting Areas | College and Universities, Government Organizations, Insurance Companies, Banks, MNCs etc. |
| Top Job Profiles | Insurance Agent, Accounting Manager, Financial Analysts, Financial Managers, Forensic Accountants or Fraud Investigators, Internal Auditors, Finance Manager, Accountant etc. |
Diploma in Accounting Management: Admission Process
The Diploma in Accounting Management Admissions are usually done based on the student’s marks Class 12. Some of the important points related to admission to this course are mentioned below.
- Generally, for this course, there is no such process of a common entrance examination. However, different colleges and institutes may hold their entrance level examinations.
- For availing admission to the course, a candidate has to visit the website of the college or visit the college’s campus for more information.
- If they clear the cutoff, you will be called for an interview most times. Some colleges and Institutes provide direct admission without an interview.
- Merit lists are announced by the admission committee shortly after application forms are filled.
- Some of the colleges and institutes test the general aptitude of the students to give them admission.
- General Aptitude Test may include a group discussion and a personal interview with college officials.
- In the case of entrance examination, the candidate who clear the cutoff will be called in for interviews.
- If selected, the candidate can then go to the allotted college for submission and avail their admission to the Diploma in Accounting Management course.
Diploma in Accounting Management: Eligibility Criteria
The candidates seeking admission to Diploma in Accounting Management course must qualify certain minimum eligibility criteria, some of which are mentioned below.
- A candidate must have passed their Intermediate or any other equivalent examination from a recognised educational institution to deem eligible for the Diploma in Accounting Management course.
- They also must have Mathematics as one of their compulsory subjects in their high school level qualifying examination to attain eligibility for this specific course.
- The percentage of marks required for admission can vary from one institute to another.
Diploma in Accounting Management: Entrance Exams
There are only a few colleges which offer admission to Diploma in Accounting Management courses based on the candidate’s performance in entrance exams. Students can visit the official website of the college/ university for more details regarding the entrance exams.
How to Prepare for a Diploma in Accounting Management Entrance Exams?
Candidates are advised to follow the below-mentioned tips to succeed in Diploma in Accounting Management entrance exams:
- Go through the syllabus of the course and make a note of all the important topics available in the syllabus.
- Revise all the important topics included in the syllabus. Make sure that you cover each and every topic before going for the examination.
- Solve previous year’s question paper so that you can get an idea of the type of the questions available in the question paper and it will also help in increasing your speed as the exam will be in online mode
- Try to give as many mock tests as you can as it will improve your time management skills and accuracy.
Diploma in Accounting Management: Tips to get Admission in Top Colleges
Getting admission in top Diploma in Account Management Colleges requires good marks and high performance in the interview. Some ways of getting admission to good colleges are mentioned below.
- To get admission for the Diploma in Accounting Management course, the student must score well in their 10+2 or equivalent examination. This is because the entry mainly depends on merit, and no such entrance examination is held.
- Various colleges keep their respective cutoff marks for the selection process. It is mostly above 60%.
- The students also must have Mathematics as one of their compulsory subjects in their Intermediate level exams or equivalent exams.
- In case the college being applied to is holding their entrance examination, students must need to clear it to gain admission for this course.
- Most of the colleges and institutes have application forms available online on their respective website. Make sure the application form for the site is filled in time for the admission.
- Keep track of the admission process of the college/institute in which you have applied for admission.
Syllabus
Diploma in Accounting Management: Syllabus
The course may vary for different institutes to institutes. Also, there are not many institutes that offer this course as stand alone but below are some subjects of study that are taught in this course and provide basic insight in the course.
| Subjects of Study |
|---|
| Managerial Accounting |
| Financial Accounting |
| Advanced Accounting/Auditing |
| Accounting Information Systems |
| Tax Planning and Management |
| Advanced Management Techniques |
| Management Accountancy |
| Economic Planning and Development |
| Marketing Organisation and methods |
| Industrial Relations and Personnel Management |
| Forensic Accounting |
Top Colleges
Diploma in Accounting Management: Top Colleges
Some of the top colleges offering Diploma in Accounting Management course are given below:
| Name of the Institute | Average Course Fee |
|---|---|
| All India Institute of Public and Physical Health Sciences, New Delhi | INR 4,000 |
| Vardhaman Mahaveer Open University (VMOU), Kota | INR 1,600 |
| Vedantsri Welfare Network of Institutions, Durgakund | INR 5,000 |
Diploma in Accounting Management: College Comparison
Below given is a list of top colleges offering Diploma in Accounting Management on the basis of a few parameters that will help the students to select their desired subjects with ease.
| Parameters | All India Institute of Public and Physical Health Sciences | Vardhaman Mahaveer Open University |
|---|---|---|
| Location | Delhi | Kota |
| College Overview | AIIPPHS was established in 2012 as the Self-Government Autonomous Institute by Govt. of India. It has various branches in Punjab, Madhya Pradesh, Uttarakhand, Uttaranchal, Maharashtra, etc. | VMOU was established in 1987 with the aim to improve and update the quality of study and research, the university always tries to build up collaborations with other universities. |
| Admission Process | Merit Based | Merit Based |
| Average Annual Fees | INR 4,000 | INR 1,600 |
| Average Annual Salary | INR 3,40,000 | INR 3,00,000 |
Diploma in Accounting Management: Course Comparison
Below given is a course comparison between Diploma in Accounting Management and Diploma in Accounting and Finance on the basis of a few parameters that will help the students help their desired subject with ease.
Also Check, Top Colleges offering Diploma in Accounting and Finance
| Parameters | Diploma in Accounting Management | Diploma in Accounting and Finance |
|---|---|---|
| Course Level | Diploma | Diploma |
| Duration | 1 Year | 1 Year |
| Course Overview | This course studies about the fundamentals and principles of Accounting Management aiming to develop further proficiency in various facets of management accounting activities in various organisations. | It involves the study of everything related to financial systems and accounting processes. This Course aims at imparting practical and theoretical knowledge in the particular field of Accounting and Finance. |
| Admission Process | Merit Based | Merit Based |
| Average Fees | INR 3,00,000 – 6,00,000 | INR 4,00,000 – 7,00,000 |
| Top Job Profiles | Insurance Agent, Accounting Manager, Financial Analysts, Financial Managers, Forensic Accountants or Fraud Investigators, Internal Auditors, Finance Manager, Accountant etc. | Book-Keeping Clerk, Billing Clerk, Tax Accountant, Financial Advisors, Financial Assistant & Accountant, Business Consultant etc. |
| Average Annual Salary | INR 4,00,000 | INR 3,50,000 |
Future Scope
Diploma in Accounting Management: Future Scope
Since Diploma in Accounting Management is a diploma course, there are many higher study options and future scope after this course. Some of them are mentioned below.
- After the completion of the Diploma in Accounting Management course, students can also opt for various other degrees like BCom, MCom. etc. These degree courses will work to their advantage in future.
- Students who have already achieved a Diploma in Account Management are also eligible to complete their undergraduate and postgraduate level courses in BCom and MCom respectively.
- They can also take up higher education and study for the job of a Chartered Accountant which will garner them almost INR 7,00,000 – 9,00,000 annually.
Job Prospects
Diploma in Accounting Management Job Prospects
Diploma in Accounting Management Students having sound experience in this field will definitely get a decent job. They can choose this course as one’s career option as there are various opportunities in this field.
Below given are some of the Job Options for the candidates to choose along with their average salary.
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Insurance Agent | The job of an insurance agent is to sell and negotiate health, property or other types of insurance to resonate the needs of the clients | INR 4,00,000 |
| Accounting Manager | An accounting manager manages the team of accountants and checks their work. | INR 5,00,000 |
| Financial Analysts | A Financial Analyst analyses the performance of stocks, bonds, and other types of investments | INR 3,50,000 |
| Financial Managers | A Financial Manager manages the finances of a firm | INR 4,20,000 |
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