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Diploma in Management Accounting (Diploma in Management Accounting)

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Diploma in Management Accounting Overview

Diploma 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.

Diploma in Management Accounting Highlights

Stream	Management
Course	Diploma in Management Accounting
Full Name	Diploma in Management Accounting
Eligibility	10+2
Duration	6 Months
Fees	Updated Soon
Type	Diploma
Mode	Year

Admission Process for Diploma in Management Accounting

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.

Eligibility Criteria of Diploma in Management Accounting

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 Management Accounting Entrance Exam

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 Management Accounting Syllabus

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

Diploma in Management Accounting 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.

Diploma in Management Accounting Job Profiles

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

Insurance Agent

Accounting Manager

Financial Analysts

Financial Managersanagement Accounting