Doctorate in Accountancy

About Course

Ph.D. (Accountancy) Courses, Eligibility, Admissions, Syllabus, Career Options, Frequently asked Questions.

Overview and About the Course:

The PhD in Accounting programme starts with advanced and specialised courses that put a focus on dissertation research because it is a research-oriented programme that requires solid training and critical judgement of information. 

A doctoral degree in accounting would culminate with the submission of a thesis and research work that was created over the period of three to six years, with an emphasis on Accounting, Trade, Finance, Accounts, Statistics, and research. A few of the core courses in this field, which has a broad and diversified curriculum, include Mathematical Analysis, Analysis Techniques, Macroeconomics, Stock Exchange Research, Planning Systems, etc.

A Ph.D. can open up a variety of job choices for those who are interested in an accounting profession. You will be able to select a research project that is both specific and relevant once you have earned your degree. 

You can work as a consultant, associate professor, or researcher in this subject if you have a Ph.D. Additionally, you will be able to submit applications for state and federal research programmes.

You can prepare for a job in accounting by earning a Ph.D. in this area. Within five to seven years, you'll be able to work as a researcher, an associate professor, or a consultant. 

Depending on your knowledge and interests, you can pursue a research job in the public or private sector. Additionally, the School of Accountancy will prepare you to instruct others.

A PhD in accounting provides comprehensive understanding of the profession's trades, finances, and other areas. The disciplines of accounting and other business fields are combined when doing the research. The PhD course might be challenging without a solid grasp of the subject, thus students must have one.

•    The much more popular PhD accounting topics include finance, global trade, financial and cost accounting, etc.

•    It offers comprehensive information about accountancy, finance, trading, and other areas of accountancy. To do the research, it combines the accountancy and other business disciplines.

•    Individuals must possess a thorough understanding of the subject because it may be challenging to do research without it.

•    Doctor of Philosophy in Accounting, or PhD Accountancy, It aids applicants in gaining a thorough understanding of all facets of the discipline, whether they are conceptual or experiential.

•    Even while becoming a professor is the aim of a Ph.D., this alone is not enough. Having tenure is essential to landing a high-paying position in the accounting industry. 

•    Developing a new topic of study and becoming a renowned expert in the subject are the two objectives of the programme.

To be qualified for this course, the total percentage of applicants must have at least an M.Com. or M.Phil. in the relevant field from an accredited university.

According on the candidates' abilities and prior experiences, the typical fee ranges from INR 25,000 to 4,00,000, whereas the average annual beginning income in India might be approximately INR 3 lakhs to 8 lakhs per annum. 

Course Highlight of Ph.D. in Accountancy:

Why to do Ph.D. in Accountancy?

A number of good reasons to get a PhD in accounting. Good research on accounting, finance, and commerce is required in India. The following benefits influence the students' decision to enrol in this course:

·       By upgrading their knowledge and skills and opening up better employment prospects, it provides the student an advantage over other Commerce grads.

·       Training provides a broad range of employment options in the educational, financial, share market, and commercial sectors.

·       Participants become adept in accounting and other business courses, discover connections between them, and use them in practical settings.

·       With the globe moving online and solid research becoming more important than ever in the wake of the pandemic, candidates with strong PhD theses will be in high demand.

·       Individuals can even write a book on their findings or publish it in a prestigious magazine, and they can even be awarded funds to continue their research.

Eligibility Criteria Required for the course, Ph.D. in Accountancy:

The following are the essential requirements for qualifying for a PhD in accounting:

·       an overall grade point average of at least 55% in applicable post-graduate courses, such as M.Com. or M. Phil.

·       On a provisional basis, candidates in their last year of post-graduation are also eligible to apply and may take qualifying exams like the NET or SET in that year.

·       There is no maximum age to enrol in the PhD in Accounting programme.

Skills for the course, Ph.D. in Accountancy:

PhD holders in the Accountancy need a combination of hard talents and soft skills to succeed in their jobs. It's possible that these skills can't always be taught within the constraints of the school system. Practice is the only way to hone these abilities. Students should thus seize any chance to extend their perspectives and acquire new knowledge. Only a handful of these skills include:

·       Observation Techniques

·       Progress Tracking

·       Thinking Techniques

·       Skills in Communication

·       Skills for Dealing Pressure

·       Instructing Human Development

·       Guide Wisely

·       Hard Working

Admission Process for the course, Ph.D. in Accountancy:

Most colleges and universities that offer PhD programmes in Accountancy admit candidates based on how well they performed on their Master's degree examinations. To assess a candidate's ability and skill set, certain colleges do provide entrance examinations.

·       Candidate must first apply to the institute for the course he wishes to take.

·       To pursue a Ph.D. in Accountancy, a student must do well in the entrance tests for the appropriate Universities, such as the DET, UGC NET, and CUCET, etc. Students must also do well in the round of individual interviews.

·       Following the outcome of the exam, candidates must advance to the interview stage or participate in a group discussion.

·       The next stage in counselling or enrolment in the college comes after the interview procedure.

·       Students must submit the necessary paperwork in accordance with the college's criteria in order to enrol.

Admission Based on Entrance Exam for Ph.D. in Accountancy:

The following are the entrance-based admission requirements for a PhD in Accountancy:

·       To successfully register, candidates must submit an application through the entrance examination organization's official website.

·       The authorities will announce the examination date, and applicants must appear for the test.

·       The applicants need to achieve a good grade or CGPA in the relevant exams in order to be accepted to the Accountancy programme.

·       The authorities will present a merit list of the chosen applicants and assign the pupils the necessary college seats.

·       In order to be admitted, the candidates must pass additional rounds of personal interviews.

Tips to get Admission in the college for the course, Ph.D. in Accountancy:

Obtaining entrance to a reputable college is crucial for a higher education research programme like a PhD in Accountancy. Here are a few key ideas to remember when you seek admission to a reputable university.

·       If you are fervently interested in applying for a PhD in Accountancy, you must achieve a respectable grade in your Post Graduate level of study.

·       If you are getting ready to take an entrance exam, you must also get a high CGPA on that exam to be admitted to a reputable PhD in Accountancy College.

·       Please investigate the prospective college before making any plans to attend any college or institution.

·       Ensure that university offers the ideal curriculum and adequate facilities to train you to master a PhD in Accountancy.

Entrance exams for the course, Ph.D. in Accountancy:

Applicants for the PhD in Accounting must pass the admission tests to be accepted into the programme. The institution that conducts the admission exam has the option to determine the necessary cut-off scores. Those who pass the entrance test for the PhD in Accounting will get an invitation to the final selection process. Some of the most common entry tests for PhDs in accounting include the following:

UGC-NET:

In Indian universities and colleges, a national eligibility exam is used to determine who is qualified for the position of assistant professor or the Junior Research Fellowship grant.

CUCET:

For admission to UG, PG, and other programmes, Chandigarh University administers the Chandigarh University Common Entrance Test.

Tips to prepare the entrance exam for the course, Ph.D. in Accountancy:

The following information can aid applicants in getting ready for the entrance exam.

·       First of all, Create a schedule for your study time. You will be able to concentrate on each subject and give each topic equal time.

·       Go through the exam's syllabus in detail. Instead of studying a completely unrelated subject, it will assist you in focusing on key themes.

·       Examine the question papers from the prior year to have a better grasp of the admission tests. There are several books for entrance exams that include previous year's test questions and the solutions.

·       It's crucial to comprehend the fundamentals of the subjects rather than memorising the answers. You may use it to help you answer challenging queries.

·       Every admission test consists of MCQs with a single right response. Additionally, there is a failing grade.

·       It's crucial to only answer questions you are certain of. Considering that there is a negative marking, speculation is to be avoided.

Top Colleges for the course, Ph.D. in Accountancy:

Check out the list of top colleges with their locations for the course, Ph.D. in Accountancy.

Syllabus to study for the course, Ph.D. in Accountancy:

Students can choose their electives in the PhD in Accountancy programme thanks to its choice-based credit system. The PhD Accounting program's major, elective, lab, and project topics all follow a predetermined structure. The general subjects that will be covered in the course are listed below:

•    Direct and Indirect Taxes
•    Accountancy in Global Trade and Finance

•    Advanced Financial Accountancy

•    Advanced Cost Accountancy
•    Advanced Auditing
•    Research Methodology
•    Thesis
•    Project
•    Seminar
•    Fundamentals of Accountancy

Job Prospects and Career after doing the course, Ph.D. in Accountancy:

•    Candidates for a Ph.D. in accounting have a variety of professional opportunities. You can advance to the positions of Associate Professor, researcher, or consultant in as 3 to 5 years. 

•    As a Research Fellow, you can also pursue a career in public service. There are several more job openings in the government, such as those in the Indian Statistical Service and Indian Economics Services. 

•    This essay will look at the future potential for this degree in accounting.

•    You may learn about and get expertise in a number of professions, including public accounting, with a Ph.D. in accounting. You will be well-prepared for rewarding accounting professions with this degree.

Job Profiles after doing the course, Ph.D. in Accountancy:

Banker, Investment:

Investment bankers are investment professionals that use their knowledge of the financial services sector, analytical prowess, and compelling communication skills to assist institutional customers in tasks like mergers & acquisitions and capital raising.

Study Associate:

The duties of a research associate might change based on the organization's size and demands. However, the ultimate goal of the position is to offer the decision-makers useful information. A member of the research team might compile information from both primary and secondary sources, organise it for analysis, and then create summaries for their supervisors.

Operations Director:

A director of operations oversees the senior management of the business, which is frequently the person in charge of a division or a department. The marketing manager, office manager, sales manager, HR department manager, and manager of the finance department sometimes known as a controller are examples of such positions.

Finance Manager:

Financial managers often keep an eye on a company's finances and work to maintain its sustainability. They oversee crucial tasks including keeping tabs on cash flow, figuring out profitability, controlling spending, and creating reliable financial data.

Associate Professor:

Teaching various lectures and seminars, going to conferences, doing research, and overseeing students are all duties of the Associate Professor. You should be able to work with others, provide guidance to teaching assistants, and handle a variety of administrative duties.

Business Analyst:

Corporate analysts pinpoint operational areas that may be strengthened and made more efficient in order to boost business operations. To share their results and support the implementation of improvements, they frequently collaborate closely with others throughout the organisational structure.

Corporate Analyst:

For top managers, you will evaluate and present crucial performance measures. By identifying areas for improvement and taking responsibility of initiatives all the way to completion, you'll work with teams including Strategy, Digital, Cyber Security, Operations, Finance, Risk Management, and Controls to drive change.

Benefits after doing the course, Ph.D. in Accountancy:

•    A Ph.D. in accounting comes with several benefits. A Ph.D. applicant has the opportunity to live in a lovely place and work from home in addition to significantly contributing to the field of accounting expertise. 

•    Additionally, the advantages of enrolling in a Ph.D. programme make the work worthwhile. 

•    There are a few of the most popular justifications for obtaining an accounting doctorate. There are a few additional justifications for going towards your PhD desire.

•    With a Ph.D. in accounting, you'll have both leadership experience and in-depth understanding of accounting. 

•    You will become eligible for more opportunities in addition to getting a high-paying job. 

•    You may even land a position in academics or finance, relying on your area. 

•    This is a fantastic chance for you to develop in your profession. Your career will develop and you'll gain the competitive edge you need with a PhD in accounting.

Scope after doing the course, Ph.D. in Accountancy:

•    Applicants may also apply for State, National, and International Research Programs.

•    You can gain a strong foundation in research by enrolling in a Ph.D. in Accounting programme. 

•    You'll go to multiple lectures on various topics, including accountancy.

•    You may learn about the many field-available research methodologies by taking part in these sessions. 

•    You will learn how to recognise the advantages and disadvantages of various strategies from these workshops. 

•    Top researchers often share their work at weekly lectures held by the accounting department.

•    They can also pursue academic careers as teachers, associate professors, and researchers since it provides a thorough understanding of the subject and how it relates to other areas of commerce education and the corporate world.

Frequently asked Questions:

Question. What is the eligibility criteria for the course?

Answer. The following are the essential requirements for qualifying for a PhD in accounting:

•    an overall grade point average of at least 55% in applicable post-graduate courses, such as M.Com. or M. Phil.

•    On a provisional basis, candidates in their last year of post-graduation are also eligible to apply and may take qualifying exams like the NET or SET in that year.
•    There is no maximum age to enrol in the PhD in Accounting programme.

Question. What is the fee required for the course?

Answer. The average course fee required for the course can be in between 20,000 to 4,00,000.

Question. Is a PhD in accounting a superior degree than a doctorate in medicine?

Answer. When compared to a professional doctorate, a PhD is primarily focused on original research, data analysis, and thesis writing while a professional doctorate applies this research to real-world issues, developing solutions, and determining the best methods for implementation.

Question. Is PhD accounting a challenging programme?

Answer. The students shouldn't have too much problem with the topic because they are already familiar with the fundamentals of courses like commerce, financial and cost accounting, etc. And the majority of students get a PhD if they are interested in research and want to pursue a career in academia, so they will undoubtedly have to put in a lot of effort.

Question. What is the pay scale after doing the course?

Answer. The average pay scale after doing the course, Ph.D. in Accountancy can be in between 3 lakhs to 8 lakhs per annum.