Diploma in Accounting: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Mar 29, 2024 05:32 IST
Jasmine Dang Arora

Jasmine Dang AroraDeputy Manager-Content

A Diploma in Accounting course can be pursued by the candidates for continuous professional development and great career opportunities. A Diploma in Accounting course can be pursued by freshers and professionals to understand the basics of accounting and enhance their professional skills. A diploma in Accounting can be pursued after completing their 10+2 or graduation in Bachelor of Commerce (B.Com).

With a diploma in accounting, students can prepare for entry-level jobs in corporations, government agencies, non-profit organisations, accounting firms, and other sectors by gaining a strong foundation in financial management, accounting concepts, and related fields. Additionally, it can provide an entry point for additional study and career advancement in the accounting industry.

Diploma in Accounting Course Highlights

Particulars Details
Course Name  Diploma in Accounting Course 
Diploma in Accounting Course Level Diploma
Duration 1 -2 Years
Job Profiles Accountant, Senior Accountant, Chief Revenue Officer, Financial Analyst, etc.
Top Recruiters KPMG, Deloitte, ICICI, HDFC, Mahindra, Reliance and so on.
Average Annual Salary INR 5 LPA -INR 10 LPA
Average Fees Upto INR 2 lakh
Top Colleges

Management Development Institute, GIM - Goa Institute of Management, Amity University Online, etc.

Note: This information is sourced from the official website and may vary.

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All About Diploma in Accounting Course

Graduates with a diploma in accounting can work in corporations, non-profits, government agencies, accounting firms, and other industries in entry-level roles. These jobs could be bookkeepers, payroll administrators, accounts payable/receivable clerks, or accounting clerks.

An accounting diploma lays the groundwork for future study and professional development. To improve their job chances and earning potential, graduates may decide to obtain additional qualifications such as Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Management Accountant (CMA), or Certified Financial Analyst (CFA).

Why Study Diploma in Accounting?

Here are a few reasons why a student should study Diploma in Accounting course:

  • Accounting Principles: The double-entry method, accrual accounting, and the creation of financial statements are among the basic ideas and principles taught to students in accounting classes.
  • Financial Analysis: They acquire knowledge and abilities in ratio analysis, trend analysis, and financial forecasting to evaluate the financial performance and well-being of companies.
  • Cost management: Students gain knowledge of methods such as task costing, process costing, and activity-based costing that are used to analyse and manage costs inside businesses.
  • Auditing Practices: They are aware of the fundamentals and procedures of auditing, which include reporting, audit evidence, internal control assessment, and audit planning.

Relevant Link Related to Accounting: Top 128 Accounting Interview Questions with Answers for 2024.

Diploma in Accounting Eligibility Criteria 

Candidates seeking admission to the Diploma in Accounting course must fulfill the below-mentioned eligibility criteria: 

  • Candidates who have completed 10+2 education in any stream can apply. There is no bar for the minimum percentile 
  • Candidates can also apply for the course after completing graduation/postgraduation in BCom or BA.
  • Working professionals can also apply 
  • Age limit- Candidate must be between 18 years- 30 years of age. 

Diploma in Accounting Exams 

Depending on the institution delivering the programme, various colleges may have different admission requirements for Diploma in Accounting programmes. Particularly for diploma programmes, entrance examinations for accounting programmes may not always be specific. Rather, acceptance into these kinds of programmes usually requires fulfilling specific qualifying and educational requirements. Check the list of top Accounting and Commerce Entrance Exams in India.

Diploma in Accounting Course Syllabus

The syllabus for Diploma in Accounting is similar to that of subjects in graduation. Candidates willing to take admission to Diploma in Accounting course can check the list of subjects covered under this course. 

Financial Accounting

Introduction to Financial Accounting

Accounting Concepts and Principles

Recording Transactions: Double-Entry System

Managerial Accounting

Introduction to Managerial Accounting

Cost Concepts and Classification

Cost Behavior and Cost-Volume-Profit Analysis

Taxation

Introduction to Taxation

Income Tax: Individuals and Businesses

Corporate Taxation

Auditing

Introduction to Auditing

Audit Planning and Risk Assessment

Internal Control Evaluation

Quick Links Related to Diploma in Accounting Course:

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Top Colleges for Diploma in Accounting Course 

There are about 90 colleges in India that offer Diploma in Accounting courses after 10th diploma, UG Diploma, PG Diploma, and MBA/PGDM. Check the list of colleges and courses offered in the table below: 

Name of Institute 

Course Offered 

Duration 

Level 

Indian School of Business Management and Administration, Bangalore  

Diploma in Auditing 

1 year 

After 10th Diploma 

Diploma in Management Accounting 

Diploma in Financial Accounting 

 

 

National Institute of Electronics & Information Technology, Agartala  

Advance Diploma in Computer Application Accounting and Publishing 

200 hours 

Annex College Center For Technical and Management Studies 

Diploma in Accounting and Finance 

1 year 

UG Diploma 

University of Madras 

Diploma in Accounting and Auditing 

1 Year 

 

Diploma in Internal Audit 
 

2 Year 

AKB Institute of Finance and Management 

Advance Diploma in GST Accounting and Taxation 

1 year 

 

Diploma in GST Accounting and Taxation 

 

 

6 months 

Dr. C.V. Raman University 

Diploma in Accountancy Based on Tally 

1 year 

UPTEC Computer Consultancy Limited 

Diploma in Computerized Accounting with GST Training using Tally Prime 

6 months 

UniRaj - University of Rajasthan 

Post Graduate Diploma in Financial Analysis and Control 

 

 

1 year 

PG Diploma 

UNIPUNE - Savitribai Phule Pune University 

PG Diploma in Accountancy 

1 year 

Indira College of Commerce and Science 

Advanced Diploma in Forensic Accounting (ADFA) 

 

 

1 year 

Amity University Online 

Online Post Graduate Diploma in Public Accounting (PGDPA) 

 

 

2 years 

 

Online Post Graduate Diploma in Finance and Accounting (PGDFA) 

2 years 

GIM - Goa Institute of Management 

Post Graduate Diploma in Management (PGDM) 

2 years 

MBA/PGDM 

WLC College India, Mumbai 

Advanced Diploma in Business Management 

 

 

1 year 

GD Goenka University, Gurgaon 

Post Graduate Diploma in Accounting and Finance 

1 year 

Myra School of Business 

Post Graduate Diploma in Management (PGDM) 

2 years 

Diploma in Accounting Career Scope; Job Profiles, Average Salary and Top Recruiters

A diploma in Accounting course is the most remunerative course among students. Candidates must possess the desired skillsets to increase the bar of salary.  Being the most lucrative career path, after the completion of the Diploma in Accounting course, candidates get ample job opportunities. The average salary for Diploma in Accountancy candidates ranges between INR 2 lakhs to 10 lakhs. Check the list of job roles offered and the top recruiting companies: 

Job Profiles

Average Salary

Account Executive 

INR 2.7 lakh

Account Assistant 

INR 2.2 lakh

Senior Assistant 

INR 4.05 lakh

Accounts/ Finance Manager 

INR 9.9 lakh

Senior Manager 

INR 9.10 lakh

DGM/GM 

INR 19.1 lakh

Diploma in Accounting Top Recruiters  

Accounting students can find employment in the below-mentioned financial institutions:

Top Accounting Recruiters
PricewaterHouseCooper KPMG
Deloitte ERNST & Young
Grant Thorton Maxim Liberty
Capactix Business Solutions Shoolin Consultancy
TCS Infosys

Top Accounting Interview Questions and Answers You Must Read to Prepare for Your Next Job! 

 

 

Q. How many colleges in Delhi offer Diploma in Accounting course?

Ans. There are about 5 colleges in Delhi that offer Diploma in Accounting course. Some of the colleges are: 

Q. After a Diploma in Accounting, should I do a degree or the ACCA, and why?

Ans. A diploma in Accounting is a beneficial add-on course if pursued after graduation/postgraduation. However, candidates pursuing the diploma course after 10 th must pursue for the degree to attract great job opportunities.

Q. What job can I get with a Diploma in Accounting?

Ans. Some of the job opportunities after the completion of the Diploma in Accounting course are:
  •  Cost accountant. 
  • Cost clerk. 
  • Cost controller. 
  • Finance manager. 
  • Financial analyst. 
  • Financial controller. 
  • Financial investment advisor. 
  • Management accountant (further training required)

Q. What are the eligibility criteria for admission to Diploma in Accounting?

A. Candidates seeking admission to Diploma in Accounting must have completed 10+2 education in any stream. can apply. Students can also apply after completing their bachelor's degree. Age limit of the candidate must be between 18-30 years. 

Q. What are the entrance exams for Diploma in Accounting?

A. Some of the entrance tests for admission to Diploma in Accounting course are IELTS, TOEFL, PTE, XAT, CAT, MAT and CMAT.

Q. What are the skills needed to pursue Diploma in Accounting?

A. The skills required to pursue Diploma in Accounting are communication skills, proficiency, dedication and mathematical skills.

Q. Which are the top recruiters for Diploma in Accounting?

A. The students of Diploma in Accounting are:

  • ICICI Bank
  • Home First Finance
  • Tata Consultancy Services
  • Infosys
  • HDFC Bank

Q. What are the main subjects in Diploma in Accounting syllabus?

A. The main subjects included in Diploma in Accounting are Industrial Accounting, Accounting Software: Taly ERP, BUSY, Income Tax (Online ITR return filing), GST (Online GST Return Filing) , Auditing  and Provident Fund Labor Laws.

Diploma in Accounting Course FAQs

Q. How can I take admission to Diploma in Accounting course other than entrance exams?

A. Given below is the list of eight popular accounting diplomas.

Diploma Accounting Courses

Duration

Fees (in INR)

PGDM in Accounting & Finance

2 Years

INR 7-8 lakh

Diploma in Accounting Management

1 Year

INR 10,000 to 80,000

Diploma in Advanced Accounting

4 Years

INR 20,000 to 90,000

Diploma in Business Accounting

2 Years

INR 15-20 lakh

Diploma in Accounting Science

1 Year

INR 10,000 to 5 lakh

Q. How is Diploma in Accounting course beneficial?

A. Candidates must possess several qualities to pursue Diploma in Accounting course: 

Important Skills for Diploma in Accounting Course

Written and Oral Skills 

Attention to details 

Time management 

Mathematical skills 

Proficieny 

Accuracy 

Spreadsheet Proficiency 

Dedication

Problem-solving 

Critical thinking 

Q. What are the main topics covered in Diploma in Accounting?

A. Students undertaking Diploma in Accounting learn the below-mentioned topics:

  1. Industrial Accounting 
  2. Accounting Software: Taly ERP, BUSY 
  3. Income Tax (Online ITR return filing) 
  4. GST (Online GST Return Filing) 
  5. Auditing 
  6. Provident Fund Labor Laws 
  7. Company Law 
  8. Stock Market- Capital Market 
  9. E-Commerce & Banking 

Q. How is Diploma in Accounting course beneficial?

A. Here are a few reasons why a student should study Diploma in Accounting course:
  • Diploma in accounting course provided ample job opportunities and lucrative remunerations. Candidates can opt for givernment job, private jobs or teaching.
  • The accounting profession can be entered with a diploma in accounting. It gives them the fundamental information and abilities they need.
  • Internships and other practical components improve learning.
  • Skills in accounting are applicable to many businesses.
  • Professional certifications are prepared for with this diploma.
  • It establishes a strong basis for additional education.
  • Careers in accounting provide security in the workplace. 

Q. What is the duration of the Diploma in Accounting course?

A. The length of a diploma programme in accounting might differ based on the curriculum and the type of school conducting the course. These diploma programmes typically last between one and two years. Below is a summary of popular duration choices:

One-Year Diploma: Several schools provide rigorous or expedited one-year accounting diploma programmes. These courses are typically offered full-time and may cover the fundamentals of accounting in a shortened curriculum.

Two-Year Certificate: Two-year certificates are more popular and provide a more thorough study of accounting concepts and procedures. This time frame gives students enough time to thoroughly explore the fundamentals of accounting and may also include some practical instruction.

Q. What jobs can I get with a Diploma in Accounting?

A. Some of the job opportunities after the completion of the Diploma in Accounting course are:
Job Title Average Salary (INR)
   
Accounting Clerk INR 2 LPA-INR 3.5 LPA
Bookkeeper INR 2 LPA-INR 3.5 LPA
Accounts Payable Clerk INR 2 LPA-INR 3.5 LPA
Accounts Receivable Clerk INR 2 LPA-INR 3.5 LPA
Payroll Administrator INR 2.5 LPA-INR 4 LPA
Tax Assistant INR 2.5 LPA-INR 4 LPA
Audit Assistant INR 2.5 LPA-INR 4 LPA
Junior Accountant INR 2.5 LPA-INR 4 LPA
Cost Accountant INR 3 LPA-INR 5 LPA

 

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TENTATIVE

Popular Diploma in Accounting Colleges in India

Following are the most popular Diploma in Accounting Colleges in India. Learn more about these Diploma in Accounting colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
2 Courses
5.45 L - 18.67 L
26.7 LPA
1 Course
20.54 L
14.7 LPA
Ranked Consistently Among Top 15 Pvt B-Schools
1.6 L
3.0
3 Courses
1 L - 9.4 L
6.91 LPA

Accounting Applications open. Apply Now

1 Course
13.16 K
10 K

Popular Private Diploma in Accounting Colleges in India

3 Courses
1 L - 9.4 L
6.91 LPA

Accounting Applications open. Apply Now

9.5 L
3.6

Accounting Applications open. Apply Now

1.6 L
3.0
2 Courses
9.95 L
4.7
2 Courses
5.45 L - 18.67 L
26.7 LPA
1 Course
20.54 L
14.7 LPA
Ranked Consistently Among Top 15 Pvt B-Schools

Popular Diploma in Accounting UG Courses in India

Following are the most popular Diploma in Accounting UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Diploma in Accounting PG Courses in India

Following are the most popular Diploma in Accounting PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Diploma in Accounting Specializations in India

Following are the most popular Diploma in Accounting Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

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Akansha katariya

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Rupa Prasad

Contributor-Level 9

Answered a month ago

No, it can be observed that most of the Accounting colleges have an average tuition fee of less than INR 1 lakh. You can refer below for the best Accounting colleges in India with fee structure:

Fee RangesNo. of CollegesPopular Colleges
< INR 1 lakh348MSU, IGNOU, Symbioisis Centre for Distance Learning, etc.
INR 1-2 lakh94International School of Management Excellence, Guru Nanak University, etc.
INR 2-3 lakh69Jain University, Parul University, Malla Reddy University, etc.
INR 3-5 lakh69Christ University, MIT-WPU, Chandigarh University, etc.
> INR 5 lakh51Management Development Institute, VGSOM IIT Kharagpur, Symbiosis Centre for Management Studies, etc.

 

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Aneena Abraham

Contributor-Level 10

Answered a month ago

Hi, there are about 300 best Accounting PG colleges in India, you can refer below for the top PG Accounting colleges in India:

College NameTuition FeeEligibility / Exams
Management Development InstituteINR 8.68 Lacs - INR 18.13 lakhCAT
VGSOM IIT KharagpurINR 9 lakhMerit-Based
GIMINR 18.31 lakhXAT, CAT, CMAT
Jain Deemed to be University BangaloreINR 2.5 lakhJET
International School of Management ExcellenceINR 1 Lacs - INR 9.4 lakhMAT, XAT, etc.

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Aneena Abraham

Contributor-Level 10

Answered a month ago

Yes, accounting and commerce courses like BCom and MCom are available in DU colleges. In addition, som DU colleges offer certificate courses in accounting, such as the Certificate course in Finanical Markets, which covers the basics of accounting for financial transactions.

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Aneena Abraham

Contributor-Level 10

Answered a month ago

Hi, yes you can do Accounting without any entrance exam. You can refer below for the best Accounting colleges in India that accept students without any entrance exams:

College NameTuition FeeEligibility / Exams
MIT-WPUINR 4.05 lakhCBSE 12th, ISC, Maharashtra HSC
Parul UniversityINR 2.96 Lacs - INR 3.75 lakhCBSE 12th, ISC, GSEB HSC
IGNOUINR 8,100 - INR 10,000CBSE 12th, ISC
Guru Nanak University HyderabadINR 1.8 lakhCBSE 12th, TSBIE
Parul8 University MumbaiINR 3.76 lakhCBSE 12th, ISC, Maharashtra HSC

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Aneena Abraham

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Answered a month ago

Hi, you can refer below for the best Accounting colleges in India according to students preference, popularity, ranking, reputation, etc.:

College NameTuition FeeEligibility / Exams
Management Development InstituteINR 8.68 Lacs - INR 18.13 lakhCAT
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Jain Deemed to be University BangaloreINR 2.5 Lacs - INR 9 lakhJET

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Aneena Abraham

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Answered a month ago

Hi, there are about 1,300+ Accounting colleges in India of which 621 colleges are private, 196 colleges are owned by the government and 140 are semi government colleges. Admissions to best Accounting colleges are done through CUET, MAH CET, CAT, etc.

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LOYOLA COLLEGE CHENNAI

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