Management accounting is a recent origin that has promoted the decision taking in Management jobs efficiently and effectively. All the techniques and tools used in Management accounting are beneficial to take strategic administrative decisions that include cost control, Organizational planning, profit maximization and Organizational control.
Management accounting involves many contemporary costing techniques like responsibility accounting and ABC that help business Organization in achieving a competitive global framework. It helps in spreading market opportunities and adding product lines which enhances firm value to business.
Management accounting courses are offered in both online as well as offline mode. The management accounting courses are also offered at different levels, such a s graduate, postgraduate, diploma as well as the doctorate level presently.
Rather than this there are plenty of opportunities to get Management accounting certification from different online platforms available such as Coursera, Udemy, edX, and more.
- The duration of these courses has vast diversity; it mainly ranges from 3 to 5 years at graduate level, 2 years at postgraduate level, one year in case of diploma and certificate programs are usually of a few hours and at most they can take up to one year.
- Many online platforms like coursera, udemy, EDX also offer accounting management courses with zero fees. These programs are free and you can access them easily anywhere.
- You can do specialisation in accounting management in areas like Managerial Accounting, Advanced Auditing/Accounting, Financial Accounting, Accounting Information Systems, Management and Tax Planning, Forensic Accounting, Financial statement analysis and interpretation, cost analysis and control, profit planning and budgeting, quality management and more.
After completing your graduation, you can get jobs like Financial Analyst/Senior Financial Analyst, Finance & Accounts Manager, Budget Analyst, Treasury & Payroll Manager, Staff Accountant, Accounting Manager, Vice President – Financial Planning & Analysis, Manager/Director – Data Analytics, Manager/Director – Strategic Planning, CFO, and more.
Some of the top skills demanded by employers in management accounting courses in India these days are Introduction to Management Accounting, Financial accounting, Cost accounting, Management accounting, Budgetary Control, and more.
Management Accounting Courses: Highlights
You can do Management Accounting courses at many levels. Such as undergraduate, post graduate, short term certification, diploma, doctorate and more. These courses help candidates to improve their employability. Some of the highlights of the different Management Accounting courses offered in India are given below
| Popular Courses |
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| Duration |
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| Eligibility |
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| Average Fees |
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| Online Courses | Available |
| Types of Online Courses | edx, Coursera, Udemy, etc. (Includes Paid and Unpaid courses) |
| Top Job Prospects | Financial Analyst/Senior Financial Analyst, Finance & Accounts Manager, Budget Analyst, Treasury & Payroll Manager, Staff Accountant, Accounting Manager, Vice President – Financial Planning & Analysis, Manager/Director – Data Analytics, Manager/Director – Strategic Planning, CFO, and more. |
| Average Salary |
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So now you have a rough idea about every kind of management accounting course, so let's discuss each and every one in detail.
Certificate Management Accounting Courses
There are many certificate programs in Management Accounting courses which are offered by both online and offline means. Nowadays online Management Accounting certificates are very trending and their popularity is increasing day by day. As I have stated before they can be of any time span ranging from few hours to few months.
- Management Accounting Certificate Programs are specifically designed to provide applicants with some additional skills that they can use in their respective sectors and allow them to be involved in the everyday world.
- All of these courses are Counselor, Self-pace Head, so that your everyday life doesn't take a lot of daily time.
Students who want to go for short term Management Accounting courses after 10th and 12th should also choose certificate management accounting courses.
Those candidates who want to start their career in management accounting field with a certificate course can get an average salary of INR 2 to 3 LPA only in the beginning.
Online Management Accounting Course Certificate
Here is the table showing the best Management Accounting certificate programs on different online platforms.
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Managerial accounting fundamentals | University of Virginia | 13 Hours | Paid Certificate |
| Fundamentals of financial and management accounting | Coursera | 12 Hours | Paid Certificate |
| Managerial Accounting: Cost, Behaviours, Systems and analysis | University of Illinois | 20 Hours | Paid Certificate |
| Managerial Accounting: Tools for Facilitating and guiding Business decisions | University of Illinois | 24 Hours | Paid Certificate |
Offline Management Accounting Course Certificate
| Certificate Name | College Offering | Average Fees |
|---|---|---|
| Management accounting | Manipal Global | INR 2,951 |
| Post Graduate Certificate in management accounting | Symbiosis | INR 1,200 |
| Certificate in Accounting | University Of Mumbai | INR 10,200 |
There are few more certificate programs which are available online. These other programs include Introduction to Management Accounting, Differences between Financial accounting, Cost accounting, Management accounting, Budgetary Control, Types of budgets, Preliminaries, Steps in setting up of standard costs, Differences between budgetary control and standard costing, Estimated cost, and more.
How are Admissions in Certificate Programs of Management Accounting Courses Done?
Compared to other bachelor's and master's courses, admission to certificate programs in management accounting is conducted in a structured way. There is no clear entrance test you have to offer above, they take admission to courses of this kind.
- By simply applying on the website, you can accept admission to these online credential programs.
- The college will offer you admission on your merit basis if you are doing an offline certificate program, in which case your score in class 10th or 12th (as applicable) will be considered.
Top Colleges for Online Management Accounting Course Certificate
| Times Higher Education Global Ranking | College Name | Location |
|---|---|---|
| 48 | University of Illinois | US |
| 22 | University of Michigan | US |
| 117 | University of Virginia | Virginia |
| 151 | London Business School | UK |
| 195 | Macquarie University | Australia |
Diploma and PG Diploma Management Accounting Courses
The eligibility of diploma courses is different in every institute. In some diploma courses you can pursue them after class 12, while for some diploma courses, you have to apply after post-graduation.
- Diploma courses essentially have comprehensive information compared to elaborate bachelor or master's degree teaching (on a full-time basis), so you can save both money and time by doing them.
- Undergraduate diploma courses are for 1 year while post-graduate diploma courses can consist of one or two years.
- Basically, these courses are chosen by learners who want to enter the job soon rather than spending their time in a comprehensive course.
Top Diploma Management Accounting Courses
These days some of the famous diploma courses which you can pursue in the field of Management Accounting are listed below -
| Diploma Name | Colleges Offering | Average Fees |
|---|---|---|
| Diploma In Accounting management (DAM) | All India Institute of Public and Physical Health Sciences, Delhi Vardhaman Mahaveer Open University (VMOU), Kota | INR 4,000 |
Top PG Diploma Management Accounting Courses
| PG Diploma Name | Colleges Offering | Average Fees | Mode |
|---|---|---|---|
| PG Diploma in management accounting | Symbiosis Centre of Distance Learning | INR 2,56,000 | Online |
| PG Diploma in management accounting technology | LaSalle College Montreal | INR 26,000 | Offline |
| PG Diploma in Finance and Accounting | Amity University | INR 40,000 | Online |
| PG Diploma in management accounting | Proschool | INR 1,30,000 | Offline |
This diploma courses can be pursued in various fields as your need like diploma in Managerial Accounting, Advanced Auditing/Accounting, Financial Accounting, Accounting Information Systems, Management and Tax Planning, Forensic Accounting, Financial statement analysis and interpretation, cost analysis and control, profit planning and budgeting, quality management and more.
How are Admission in Diploma and PG Diploma Management Accounting Courses Done?
The admissions in diploma courses are merely done on the basis of merit list.
A merit list is generated by the recognised university or Institute after all applicants have filled their application. If you want to pursue an undergraduate diploma course, class 12 score is required while if you want to do a PG diploma course graduation score is required.
Selection process is almost the same in online Diploma courses as they are in offline diploma courses. The candidates who are career-oriented and want to meet the eligibility criteria must have completed the required degree for the course.
Top Colleges Offering Diploma in Management Accounting Courses
Top colleges offering diploma and PG Diploma Courses are listed below
Colleges for Diploma Management Accounting Courses
| NIRF Ranking | College Name | Location |
|---|---|---|
| 98 | All India Institute of Public and Physical Health Sciences | Delhi |
| 130 | Shree Krishna University | Madhya Pradesh |
| 273 | J.S. University | Uttar Pradesh |
| 280 | Kota Open University (KOU) | Kota |
| 626 | Vardhaman Mahaveer Open University (VMOU) | Kota |
Colleges for PG Diploma Management Accounting Courses
| NIRF Ranking | College Name | Location |
|---|---|---|
| 10 | University of South Africa | South Africa |
| 60 | Symbiosis Centre of Distance Learning | India |
| 62 | LaSalle College Montreal | Canada |
| 376 | Amity University | India |
Bachelor Management Accounting Courses
Mostly people of a bachelor's degree in Management Accounting courses at full-time institutes. They provide proper campus education but nowadays most of them are going online due to coronavirus spread.
- The duration of a bachelor Management Accounting course from three to four years. These come in both general and specialisation form.
- You can take admission in bachelor’s degree courses by giving entrance exams at both National and state level.
- In these courses’ students are provided proper education by classroom programs.
Those college students who want to dedicate their time in that particular field and make it a long-time career should go for bachelor Management Accounting courses rather than diploma courses. The graduates of Management Accounting courses can expect a salary of INR 2 to 5 LPA in the beginning depending upon the skills they have earned and also on the colleges from which they are graduating.
Top Undergraduate (UG) Management Accounting Courses
| Course Name | Top Colleges | Average Fees | Domain |
|---|---|---|---|
| B.Sc Accountancy | Goenka World Institute Gurgaon IILM Undergraduate Business School Lovely Professional University | INR 5,00,000-10,00,000 | Science |
| B.S | AUM American University Of Malta | INR 10,000 - 4,00,000 | Science |
| BBA | Indian Institute of Management Ahmedabad IIM Bangalore Indian School of Business | INR 50,000-6,00,000 | Business Administration |
| B.Com | Loyola College Christ University Woxsen University | INR 10,000 – INR 8,00,000 | Commerce |
How are Admission in Bachelor Management Accounting Courses Done?
Admissions in bachelor Management Accounting courses can be done through the entrance exam as well as merit list.
- Some of the top universities are providing undergraduate Management Accounting courses entrance exams which are ICWAI, ICMI, and more.
- Students who have completed their class 12th from a recognised educational board and should have obtained a minimum of 50% aggregate are eligible to apply for this exam.
Colleges for Bachelor Management Accounting Courses
| NIRF Ranking | College Name | Location |
|---|---|---|
| 16 | Goenka World Institute | Gurgaon |
| 29 | Lovely Professional University | New Delhi |
| 78 | IILM Undergraduate Business School | New Delhi |
| - | Oriental College of Commerce And Management | Mumbai |
| - | School of Management Studies | New Delhi |
Master Management Accounting Courses
Masters Management Accounting courses are generally pursued by those candidates who wants to long-time do specialisation in major streams like
The duration of postgraduate Management Accounting courses is 2 year in most of the cases, but in some cases, it is three years.
Top Postgraduate (PG) Management Accounting Courses
| Course Name | Top Colleges | Average Fees | Domain |
|---|---|---|---|
| M.Sc Accounting | Teesside University, Manchester Metropolitan university University of Southampton Queen Mary University of London | INR 5,54,178 to 6,00,000 | Science |
| M.S | Strayer University Southern New Hampshire University Capella University | INR 5,00,000 – 50,00,000 | Science |
| MBA | Asia-Pacific Institute of Management Presidency College Bangalore WLC College Chennai | INR 2,000 to 20,00,00 | Business Administration |
| M.Com Accountancy | IGNOU Presidency University | - | - |
| MFC | University of Delhi Aligarh Muslim University Banaras Hindu University | INR 2,00,000 – 20,00,000 | Philosophy |
How are Admissions in Master Management Accounting Courses Done?
Admissions in master courses are also done through both merit and entrance exams.
- Candidates need to have completed their bachelors in a computer subject along with 50% marked to be eligible for master Management Accounting courses.
- Certain colleges give admission on merit basis also, after considering the CGPA or Percentage obtained in graduation.
Colleges for Master Management Accounting Courses
| NIRF Ranking | College Name | Location |
|---|---|---|
| 16 | GD Goenka University Gurgaon | Gurgaon |
| 41 | Asia-Pacific Institute of Management | Delhi |
| 59 | JK Business School Gurgaon | Gurgaon |
| 141 | Presidency College | Chennai |
| 248 | Bangalore City College | Bangalore |
Doctorate Management Accounting Courses
Doctorate Management Accounting courses are mostly pursued if you want to go in the research field.
- The minimum duration to pursue these courses are two years but it can be extended according to a demand of research.
- After doing PHD your cases, can opt for teaching or lectureship in some recognised colleges.
- The average salary offered to doctorates in India is around INR 8 to 10 LPA.
Top PhD Management Accounting Courses
Here is a table showing popular doctorate courses in India
| Course Name | Top Colleges | Average Fees | Domain |
|---|---|---|---|
| PhD in Finance and accounts | Rajiv Gandhi Institute of Petroleum Technology Department of Management Studies IIT Delhi FORE School of Management | INR 50,000 – INR 3,75,000 | Finance and accounts |
| PhD in Management | IIT Delhi Amity University IIM Udaipur | INR 75,000 – INR 3,00,000 | Management Accounting |
How are Admission in Doctorate Management Accounting Courses Done?
You may take an entrance test for admission to doctoral courses in Management Accounting. Multiple entrance tests are carried out to provide access to these courses.
If you would like to apply for this course, you must have a master's degree or a PG diploma.
Colleges for Doctorate Management Accounting Courses
| NIRF Ranking | College Name | Location |
|---|---|---|
| 2 | IIT Delhi | New Delhi |
| 15 | VIT University | Bangalore |
| 17 | IIM Udaipur | Udaipur |
| 32 | Amity University | Noida |
| 62 | University of Mumbai | Mumbai |
What are the Job Options After Management Accounting Courses?
Finance Manager
Finance managers are the specialists in business who manage the financial functions of an organisation. Finance managers also manage investment activities, financial reports, plans for the long term financial goals of an organisation and create strategies.
Starting Salary: INR 9,56,000
Skills Required
- Strong conceptual and problem solving skills.
- Organisational skills.
- Independently work and as a part of the team too.
- Able to work under pressure and meet tight deadlines positively.
- Knowledgeable in Microsoft office, SAP and other financial planning.
Financial Advisors
Financial advisors also advise clients on taxes, estate planning, college savings accounts, investments, mortgages, retirements, insurance. Financial advisors are also known as a financial planner, personal financial advisor, financial service advisor, financial adviser and investment advisor.
Starting Salary: INR 3,57,000
Skills Required
- Knowledge of mutual funds, insurance industries and securities.
- Experience providing quality financial advice.
- Proficient in Word, Excel, Outlook and PowerPoint.
- Comfortable using a computer for various tasks.
Financial Controllers
Financial controllers are also known as financial controllers or chief accounting officers.
Financial controllers are tasked with overseeing day-by-day integrating finance operations, accounting functions, handling tax matters, preparing financial reports, forecasting and budgeting, and ensuring organisational financial stability.
Starting Salary: INR 19,00,000
Skills Required
- Auditing experience
- Strong leadership qualities.
- Good communication skills.
- Compliance oriented.
- Sound knowledge of accounting.
- Analytical skills.
- Proficiency in accounting software.
Chief Financial Officer
Chief financial officer manages the organisation's finances and is responsible for all the financial reporting. Chief financial officers assess opportunities and financial risks and manage lower level financial managers and overseas these. Chief financial officers also help set and track objectives, budget and financial goals.
Starting Salary: INR 4,36,000
Skills Required
- Experience in corporate governance.
- Proven negotiation skills.
- Experience with budget management, cash flow and public accounting.
- Able to inspire confidence and create trust.
Chartered Management Accountant
A chartered accountant coma also known as a certified public accountant or CPA, is a very professional accountant qualified to work with accountancy related activities. A chartered accountant will implement an accounting system, submit corporate tax returns and prepare monthly financial reports.
Starting Salary: INR 5,40,000
Skills Required
- Registration and with an accredited statutory body and association.
- Experience in providing financial advice.
What Skills Are Required in Management Accounting Courses?
Financial Accounting
The branch of accounting that includes the process of summarising, recording and reporting the main transaction which happens in business operation over a certain period of time is called financial accounting. Usually these transactions are used in the preparation of forming balance sheets, preparing financial statements, income statements and cash flow statements. It also requires companies operating performance in a certain period of time. mainly the work opportunities for a financial accountant is open in both public and private sectors. but the financial accountant's job is different from a general accountant because he works for himself and for the company.
Top Financial Accounting Courses
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Introduction to financial accounting | Coursera | 13 Hours | Paid Certificate |
| Introduction to finance and accounting | Coursera | 5 months | Paid Certificate |
| Financial accounting fundamentals | Coursera | 14 Hours | Paid Certificate |
| Financial management | Coursera | 8 Months | Paid Certificate |
Financial Accounting Course Syllabus
| Corporate Finance | Financial Accounting |
| Financial Statement | Discounted Cash Flow |
| Decision-Making | Cash Flow Analysis |
| Balance Sheet | Generally Accepted Accounting Principles |
Financial Accounting Job Profile
- Manager/Director – Data Analytics
- Manager/Director – Strategic Planning
- Vice President – Financial Planning & Analysis
Accounting Analysis
The process which includes detailed LINE statements in financial statements or transactions is called account analysis. An account and a license is carefully checked by auditor or accountant. They identify the trends which are followed in our particular account and give his views on how the account is performing.
Top Accounting Analysis Courses
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Accounting analysis | Coursera | 25 Hours | Paid Certificate |
| Accounting analytics | Coursera | 10 Hours | Paid Certificate |
| Accounting: Principal of financial accounting | Coursera | 12 Hours | Paid Certificate |
| Accounting, financial and cash flow analysis | udemy | 3.5 Hours | INR 8,640 |
Accounting Analysis Course Syllabus
| Financial Accounting | Accounting |
| Financial Statement | Balance Sheet |
| Earnings Management | Analytics |
Accounting Analysis Job Profile
- Manager/Director – Data Analytics
- Manager/Director – Strategic Planning
- Vice President – Financial Planning & Analysis
Cost Accounting
Cost accounting is a branch in business practices which include the records, summaries, examinations and study of a company's cost which is spent on any process, a product or service or anything else which happens in an organisation. It also helps the organisation in making strategies of planning on taking decisions in cost controlling and making improvement cost efficiency. Search measures of financial statements given by management increase visibility on information of the cost. And management also gets the idea where they have to control the cost and where they have to increase the more they also help in creating a future plan and a vision for stop there are different types of cost accounting such as activity based costing and marginal costing, standard costing in accounting.
Top Cost Accounting Courses
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Introduction to cost accounting | Coursera | 2 Hours | Paid Certificate |
| Cost accounting | Udemy | 7.5 Hours | INR 1,280 |
| Cost accounting for beginners | Udemy | 3.5 Hours | INR 8,640 |
| Process costing system | Udemy | 8 Hours | INR 8,640 |
Cost Accounting Course Syllabus
| Cost Accounting Fundamentals | Absorption costing method |
| Activity-based costing methods | Traditional costing and ABC comparison |
Cost Accounting Job Profiles
- Staff Accountant
- Financial Analyst
- Accounting Manager
Forensic Accounting
The branch of accounting which utilizes accounting, investigated skills and performs the auditing is called forensic accounting. It conducts an exam in the field of finance of a business or an individual. It also provides an analysis in accounting which is suitable to be used in Legal procedure for stop forensic accountant are the trainings who looked behind the number and div with the actual reality of the situation of a business for stop forensic accounting is used nowadays to identify fraud and impressive mint cases to find the nature of the financial crime in the court.
Top Forensic Accounting Courses
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Forensic accounting and investigation | Udemy | 1.5 Hours | INR 8,640 |
| Forensic accounting and fraud investigation | Udemy | 1 Hour | INR 5,760 |
| Forensic accounting and fraud examination | West Virginia University | 7 Hours | Paid Certificate |
Forensic Accounting Course Syllabus
| Fraud Detection | Internal Control |
| Fraud Investigation | Forensic Accounting |
Forensic Accounting Job Profiles
- Forensic Accountant
- Accounting Manager
- Controller
Management and Tax Planning
Tax planning is generally the analysis of situations in the field of finance which determine all the elements which have worked together to make an allowance to pay the lowest tax which is possible. A plan that minimises your pay in taxes is considered as efficient for stop so tax planning should be a mandatory part of a person's investors financial plan for stop it also helps in contributing to retirement seed which is necessary for success.
Top Management and Tax Planning Courses
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Personal family and financial planning | Coursera | 15 hours | Paid Certificate |
| Project management | Udemy | 5 Hours | INR 4,600 |
| Financial planning tutorials | Udemy | 25.5 Hours | INR 6,080 |
| Tax strategy | Udemy | 2 Hours | INR 8,640 |
Management and Tax Planning Course Syllabus
| Investment | Saving |
| Personal Finance | Insurance |
Management and Tax Planning Job Profiles
- Accounting Manager
- Controller
- Chief Financial Officer (CFO)
Management Accounting Courses Online Fees and Rating Comparison
| Certificate Name | Provider | Duration | Rating | Fees |
|---|---|---|---|---|
| Introduction to financial accounting | Coursera | 13 Hours | 4.7 | Paid Certificate |
| Introduction to finance and accounting | Coursera | 5 months | 4.7 | Paid Certificate |
| Project management | Udemy | 5 Hours | 4.7 | INR 4,600 |
| Introduction to cost accounting | Coursera | 2 Hours | 4.6 | Paid Certificate |
| Personal family and financial planning | Coursera | 15 hours | 4.6 | Paid Certificate |
| Forensic accounting and investigation | Udemy | 1.5 Hours | 4.3 | INR 8,640 |
| Forensic accounting and fraud investigation | Udemy | 1 Hour | 4.1 | INR 5,760 |
| Cost accounting | Udemy | 7.5 Hours | 4.4 | INR 1,280 |
Management Accounting Course: FAQs
Ques. Is management accounting a good career?
Ans. Yes Management accounting is a good career option. It provides you plenty of opportunities for stock Management accountants to work as budget analysts, cost accountants, internal auditors, financial analysts and more in an organisation. Many senior corporate executives in this field have a background in internal auditing, accounting and finance.
Ques. Are management accountants in demand?
Ans. The demand for Management accountants is a lot because the formation of commercial business CEO decisions have to be taken by qualified senior Management accountants and they receive a lot of job offers.
Ques. What is the most important role of management accounting?
Ans. The most important role of management accounting is to initiate an analysis of relevant costs to check the formed expenses and to provide suggestions to improve for the activities. Once day management Accounting team checks all the relevant costs so they can make evidence based decisions which can make the company profile better.
Ques. Is Managerial Accounting hard?
Ans. Managerial accounting is a different field than what you have studied before so you might find it difficult but in reality it is simple, logical and standard as breathing to anyone who you have started to run any level of high scale business. The managerial accounting usually focuses on business analytics.
Ques. What are the characteristics of management accounting?
Ans. Selective Nature, Emphasis on Future, shows Problems of Choice, Provides information and no decision, Study Causes, Effects Relationship, Importance to Elements of Costs, Recognition of Non-monetary Variables, Not bounded by Rules of Financial Accounting
Ques. What companies use Managerial Accounting?
Ans. According to Accounting in Focus, managerial accounting is used in businesses such as merchandising, manufacturing and service industries, but it goes beyond these industries. Any companies that need to plan, budget or analyze income reports should use managerial accounting.
Ques. What is taught in Managerial Accounting?
Ans. Managerial accounting includes the presentation of information in the finance field that is used for internal purposes in the management to make key business decisions. Managerial accounting also includes many forms of accounting, budgeting forecasting, product costing coma and various financial analysis.
Ques. Why do companies rely on managerial accounting?
Ans. Managerial accountants have a wide role in the business department as the help in deciding where, when and how much expenditure is done which is based on financial data. Using standard capital budgeting metrics, like Internal rate of return and net present value it has decision makers to find out there too to spend and how much on projects and purchases.
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