Diploma in Accounting Management (DAM) Course, Admission, Colleges, Jobs 2022

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.

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.

Admission Process

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

Course Comparison

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

FAQs

Diploma in Accounting Management: FAQs

Ques. What is Diploma in Management Accounting?

Ans. It is a 1 year diploma course studying about operational and functional areas of a business, such as information systems, operations management, marketing, human resource management, cost accounting, budgeting, taxation, financial accounting and reporting.

Ques. What jobs can you get with a diploma of Accounting Management?

Ans. Post Completing this course students can work as Insurance Agent, Accounting Manager, Financial Analysts, Financial Managers, Forensic Accountants or Fraud Investigators, Internal Auditors, Finance Manager, Accountant etc.

Ques. What do you mean by Accounting Manager?

Ans. They are professionals who do business costs and operations to prepare internal financial reports, records, and accounts to aid managers' decision making process in achieving business goals.

Ques. What are the main objectives of Diploma in Accounting Management?

Ans. The main objective of Diploma in Accounting Management is to maximize profit and minimize losses. This course is concerned with the presentation of data to predict inconsistencies in finances that help managers make important decisions.

Ques. What skills do a diploma in Accounting Management Course have?

Ans. Skills needed to pursue a Diploma in Accounting Management are given below:

Good maths and computer skills.
Analytical and logical problem solving skills.
A good business understanding.
Good attention to detail.
Good communications and presentation skills.
An ability to explain complex financial information in a clear way.

Ques. What is the difference between management accounting and financial accounting?

Ans. The key difference between financial and managerial accounting is that financial accounting is the collection of accounting data to create financial statements, while managerial accounting is the internal processing used to account for business transactions.