Master of Commerce [M.Com] (Accountancy)

Sharpen Your Financial Acumen and Strategic Accounting Skills


The Master of Commerce (M.Com) with a specialisation in Accountancy is a postgraduate program that delves into advanced concepts and practices in accounting and financial management. This specialised course is designed to provide students with an in-depth understanding of accounting principles, financial reporting, auditing and strategic financial management.

The program typically spans two years and is divided into semesters, each covering essential aspects of accountancy. Students pursuing an M.Com in Accountancy engage in a rigorous curriculum that includes core accounting subjects, elective courses, and practical applications. The core subjects often include Advanced Financial Accounting, Corporate Accounting, Management Accounting and Advanced Auditing.

One of the focal points of the M.Com (Accountancy) program is financial reporting and analysis. Students are equipped with the skills to interpret complex financial statements, analyse financial performance and make informed decisions based on financial data. Emphasis is also placed on understanding and applying International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP).

The curriculum may incorporate elective courses that allow students to specialise further in areas such as forensic accounting, taxation or financial risk management. These electives provide a tailored learning experience, catering to the diverse career paths within the field of accountancy.

Practical exposure is a significant component of the M.Com (Accountancy) program. Students often participate in case studies, real-world projects and internships to apply theoretical knowledge in practical settings. This hands-on experience enhances their analytical and problem-solving skills, preparing them for the dynamic challenges of the accounting profession.

The M.Com (Accountancy) program also places importance on research and independent study. Students may be required to undertake a research project or write a dissertation, allowing them to explore specific accounting topics in-depth and contribute to the academic discourse in the field.


The core subjects of a Master of Commerce (M.Com) with a specialisation in Accountancy program typically cover a range of advanced accounting principles, financial reporting, auditing and strategic financial management. While the specific subjects can vary among universities, here are common core subjects that students may encounter:

  • Advanced Financial Accounting
  • Financial Statement Analysis
  • Cost and Management Audit
  • Accounting Information Systems
  • Forensic Accounting and Fraud Examination
  • Financial Markets and Institutions
  • Strategic Financial Management
  • Taxation Laws
  • International Financial Reporting Standards (IFRS)
  • Management Accounting
  • Corporate Accounting

These subjects can vary among universities and institutions offering additional elective subjects for students to choose from based on their interests or career goals.

Practical Learning

Practical learning enhances the understanding of theoretical concepts and prepares students for real-world challenges in the field of accounting. The students must engage in training sessions as given below: 

  • Internships
  • Research Projects
  • Practical Workshops
  • Group Projects
  • Guest Lectures 
  • Industry Visits

By engaging in these practical activities, students not only acquire technical skills but also develop critical thinking, problem-solving and communication skills that are integral to success in the field of accountancy.

Course Curriculum

The M.Com Accountancy course curriculum extends over two years, including a diverse array of subjects that aim to incorporate computer applications into the realm of commerce. The following provides a broad outline of the yearly breakdown:

First Year 

  • Advanced Financial Accounting
  • Corporate Accounting
  • Management Accounting
  • Business Statistics
  • Financial Management
  • Cost and Management Accounting
  • Research Methodology in Commerce
  • Elective 1 (Taxation Laws, Banking and Finance)

Second Year 

  • Advanced Auditing
  • International Financial Reporting Standards (IFRS)
  • Financial Markets and Institutions
  • Elective 2 (Forensic Accounting, Strategic Financial Management)
  • Accounting Information Systems
  • Elective 3 (Corporate Governance and Ethics, Cost and Management Audit)
  • Dissertation/Research Project
  • Elective 4 (Financial Statement Analysis, Risk Management)

Top Institutes

Several reputed universities and colleges in India offer a Master of Commerce (M.Com) with a specialisation in Accountancy. Here are some top institutes known for their commerce programs listed below:

  • Delhi School of Economics, Delhi University
  • Jamia Millia Islamia
  • Symbiosis College of Arts and Commerce
  • Madras Christian College
  • Narsee Monjee College of Commerce and Economics
  • Banaras Hindu University (BHU)
  • University of Mumbai
  • Shri Ram College of Commerce (SRCC)

Additionally, admission criteria and program offerings may vary, so students should check the specific details of each institution.

Career Growth

Career growth for individuals with a Master of Commerce (M.Com) in Accountancy is marked by progressive advancements in responsibilities, specialisation and leadership roles. The specialised knowledge and skills acquired during the M.Com program, coupled with practical experience, contribute to long-term success in the field of accountancy. Here are factors that contribute to career growth with an M.Com in Accountancy:

  • Professional Certifications
  • Leadership Opportunities
  • Project Management Opportunities
  • Continuous Learning
  • Entrepreneurship and Consultancy
  • Networking and Professional Relationships
  • Global Opportunities
  • Strategic Financial Planning

Moreover, the continued professional development, certifications and staying updated with industry trends can further enhance career growth in the dynamic field of accountancy.


The scope of M.Com Accountancy is dynamic and adaptable, offering a wide range of career paths in various sectors, both nationally and internationally. Here is an overview given below:

  • Advanced Accounting Roles
  • Financial Management
  • Forensic Accounting
  • Academic and Research Positions
  • Continuous Professional Development
  • Consultancy and Advisory Services

Moreover, the graduates can choose from diverse opportunities based on their interests, expertise and career aspirations.

Pros & Cons

Pros of pursuing a M.Com Accountancy:

  • Advanced Knowledge
  • Professional Certification
  • Career Opportunities
  • Industry Specialisation
  • Global Opportunities

Cons of pursuing a M.Com Accountancy:

  • Financial Investment
  • Specialisation Limitation
  • Uncertain Job Market