Career in Accounting Management
The job involves analysis, planning, implementation and control of programs designed to provide accounting data reports. This includes the maintenance of bank accounts, developing accounting statements, cash flows, balance sheets, income statements, accounting performance analysis, and the maintenance of reports for the same. Naturally, that makes these professionals supremely vital to the company.
Accounting Management Eligibility CriteriaMost of the universities offer education in Accounting management at post graduate level, but few recognized accounting institutes do offer programs at undergraduate level too.
Generally for undergraduate professional accounting courses, the eligibility is 10+2 with 50% marks, preferably in commerce stream and for post graduate course; the aspirant must be at least a graduate preferably in commerce.
Students are selected through entrance examination. Besides most institutes conducts their own tests followed by group discussion and personal interview.
Accounting Management Skills and AttributesA successful Accounts manager must have strong interpersonal and communication skills, besides having excellent training in areas like Chartered Accountancy and Cost Accounting.
He/she should also be able to use non-technical, easy-to-understand terms to facilitate easy exchange of difficult accounting concepts. Those aspirants, who have a background or prior experience in subjects like accountancy, law, insurance, investments, finance or taxation or allied subjects, stand a better chance of being successful accounting managers.
Accounting Management Job ProspectsWith India taking rapid strides in international business scenario, the requirement for qualified accounts managers is increasingly high. Accounting management has emerged as one of the lucrative career option nowadays. Accounting managers of any company are among the highest paid professionals both in India and abroad. Generally, the expertise and experience of the manager, the type and number of clients served, and geographic location decide the income of accounting managers and accounting planners. At times; sky is the limit for the talented ones.
Accounting Management Pay PackageDepending on one’s qualification and experience, one can expect to be paid well in this hot career option. As a trainee, one can start with a salary of Rs.8000-Rs.12000. With having one or two years of experience, one can command a higher salary. Generally MNCs and private companies offer higher pay packages as compared to government departments.
Accounting Management Institutes/UniversitiesThe Institute of Chartered Financial analysts of India University (ICFAI)
The ICFAI University
Jagannath Bari Road, Bidurkarta Chowmuhani
Phone : 0381-2319507
E-Mail : [email protected], www.icfai.org
Courses Offered : MS- Accounting Programme. The program covers comprehensive training in areas like management, information technology & E-Business US GAAP, code of ethics, and soft skills, along with the core areas like accounting, auditing, taxation and business law.
Accounting Management Institutes
- Financial Planners & Advisory Academy Pvt Ltd
7, Readymoney Terrace
167 Dr Annie Beasant Rd
Worli Naka, Mumbai 400018
- International College of Financial Planning
3rd Floor, Gulab Bhawan
6, Bahadur Shah Zafar Marg
New Delhi - 110002
Phone : +91-11-66159000
Fax : +91-11-66159014
E-mail : inf[email protected]
Webiste : www.icfpindia.org
- Indian Institute of Management, Ahmedabad (IIM A)
- Indian Institute of Management, Calcutta (IIM C)
- Indian Institute of Management, Bangalore (IIM B)
- Indian Institute of Management, Lucknow (IIM L)
- ISB - Indian School of Business, Hyderabad
- FMS - Faculty of Management Studies, University of Delhi
- Indian Institute of Management, Indore (IIM I)
- Indian Institute of Management, Calicut (IIM K - Kozhikode)
- Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)
- S. P. Jain Institute of Management Studies, Mumbai (SPJIMR)
- Shailesh J. Mehta School of Management, IIT Mumbai (Bombay)
- Management Development Institute, Gurgaon (MDI)
- Narsee Monjee Institute of Management Studies, Mumbai (NMIMS)
- Xavier Institute of Management, Bhubaneswar (XIM B)
- Wigan & Leigh College , website : www.wiganindia.org
New Delhi -> 86-A, Central Avenue, Sainik Farms
Tel : 011-26858849-51, Mobile : 9818479333
Mumbai ->Tel : 022-23015591/4, 56623997
Kolkata ->Tel : 033-24487140/50
Bangalore ->Tel : 080-25574311/12/13
Hyderabad ->Tel: 040-55767425
Pune ->Mobile: 9850271167