Diploma in Accounting Management Admission, Fees, & Salary

Diploma in Accounting Management (DAM) is a 1-year undergraduate program designed to train students in managing accounts and finance. It covers topics like company management systems, procedures, and policies.

The course provides an in-depth knowledge of financial information like identification, measurement, accumulation, analysis, preparation, interpretation, and communication. The eligibility to pursue DAM is 10+2 from a recognised board. The admission is generally based on 12th merit.

The graduates can work in banks and business firms as an Account Manager, Finance Analyst, Account Director, etc. There are some universities and colleges such as University of Madras, Dr. C.V. Raman University, Ramanujan College, University of Delhi that offers this course.

Diploma in Accounting Management Course Highlights

Key highlights of the Diploma Management Accounting are tabulated below.

What is a Diploma in Accounting Management?

A Diploma in Accounting Management is a course that educates students about the fundamentals of handling financial details in an organisation. It concentrates on how accounting rules are applied in order to make business decisions. This diploma can equip students with the abilities required for different jobs in the accounting and finance departments. Students become familiar with the essential concepts of preparing financial reports. This incorporates learning balance sheets, income statements, and cash flow statements.

The Diploma Management Accounting program also discusses how accounting information is utilized internally by managers. Budgeting, cost analysis, and performance measurement are learned by students. The students generally experience working with accounting software. This enables them to learn how to handle financial data in an effective manner in an experiential environment.

The diploma can also expose students to methods of financial forecasting and analysis. This enables the students to make appropriate business decisions. An overview of tax laws and regulations is included in some programs. This gives students an overall understanding of tax issues.

Why Pursue Diploma in Accounting Management?

Pursuing Diploma Management Accounting can be a valuable asset for career advancement as it offers a strong foundation in accounting principles and management skills.

• Students get to learn practical skills in financial reporting, budgeting, tax preparation, and financial analysis, making them job-ready for various industries.
• It opens doors to various roles like account clerk, payroll officer, senior accountant, tax consultant, financial manager, auditor, and financial analyst.
• A DAM can provide a head start towards further finance and accounting qualifications, including the ACCA Qualification.

Diploma in Accounting Management Eligibility Criteria Admission Process

To pursue Diploma Management Accounting, one needs to qualify 10+2 with Commerce from a recognised board. Candidates with science background can also apply to DAM. However, students must have studied Maths/ Statistics as a compulsory subject at 10+2 level. The selection is generally based on 12th grade scores.

Admission to Diploma Management Accounting is based on marks scored in higher secondary grades. However, candidates with entrance exam qualification get first preference for the admission.

Step 1: To apply for DAM, one has to fill the online application with required information and registration payment.

Step 2: Institutes will screen the applications and release the list of shortlisted candidates.

Step 3: Shortlisted applicants may be called for an interview or counselling round.

Step 4: Selected students have to confirm the admission by paying the course fee.

Diploma in Accounting Management Colleges

Diploma in Accounting Management is offered by several institutes via either online or offline mode. Institutes offer this course in conjunction with different categories like Diploma in Accountancy, Diploma in Management Accountancy, Diploma in Accounting Management & Taxation, etc. Therefore, it is advised to verify the course specification of the chosen institute.

Diploma in Accounting Management Syllabus

Diploma in Accounting Management covers the major financial and management aspects like Financial Accounting, Accounting Information Systems, Management Techniques, Forensic Accounting, etc. Here is the general syllabus of Diploma Management Accounting followed by UGC and AICTE approved institutes.

Job Prospects after Diploma in Accounting Management

With a Diploma in Accounting Management, one can find employment in diverse sectors with job positions like Account Manager, Auditor, Analyst, Claim Manager, Finance Director, etc.

• An average salary one can expect after DAM is INR 3 to 5 LPA, depending on job role, industry type, experience, and location.
• With entry-level positions, DAM graduates can earn up to INR 3 LPA.

Some of the best jobs to consider after DAM is tabulated below.

DAM Frequently Asked Questions