B.Com in Accounting and Finance Course, Admissions, Eligibility, Syllabus, Fees, Career

BCom Accounting and Finance is a three-year-long undergraduate degree programme in the finance domain which is equally segregated into six semesters which deal with different aspects of commerce, accounting, and finance. Some of the core subjects in BCom Accounting and Finance are accounting management, finance, general commerce management and business studies. This course in Accounting and Finance is offered under the B.Com degree with a major focus on commerce, accounting, business studies, management, and corporate finance and combined with a specialisation in accounting and management.

Aspiring candidates are required to complete their 10+2 with commerce or any other specialisation with a minimum of 50 per cent marks in order to be eligible for BCom Finance and Accounting admission. BCom Accounting and Finance graduates are equipped with technical and financial skills such as fundamentals of accounting and financial practices and applications of financial analysis along with accounting standards. In this article, we will discuss B.Com Accounting and Finance details, such as B.Com Accounting and Finance subjects, B.Com Accounting and Finance scope, B.Com Accounting and Finance syllabus, and B.Com Accounting and Finance eligibility criteria.

Highlights - BCom Accounting and Finance

BCom Accounting and Finance Eligibility Criteria

BCom Accounting and Finance eligibility criteria is similar to every other undergraduate degree programme. Students need to secure a minimum of 50 per cent in 10+2 from a recognised Indian board. The BCom Accounting and Finance eligibility criteria is defined as the predefined parameters specified by the university that students must meet in order to be eligible for the admission process. Students who successfully meet the BCom Accounting and Finance eligibility criteria are eligible to participate in the admission process whereas students who do not meet the eligibility criteria are disqualified from admission.

• Candidates are required to successfully complete their 10+2 examination in any stream from a recognised board in India.
• Aspirants need to score a minimum aggregate of 50 per cent marks.
• The minimum scores might change depending on the number of seats available in a college and the number of applicants.

Admission Process for B.Com Accounting and Finance:

BCom Accounting and Finance admission process is conducted in both online and offline modes. Candidates interested in BCom Accounting and Finance admission should check the BCom Accounting and Finance eligibility and admission process beforehand. The admission process is generally the same for most of universities except for a few colleges. Below we have mentioned the complete step-by-step BCom Accounting and Finance admission procedure:

• Students are required to contact the admissions office and submit their documents physically and wait for the merit list to be out for the offline mode.
• For online mode, students are required to visit the university website and create their applicant account with basic information.
• After creating the account, students are required to fill out the application form consisting of personal details, academic information, and professional details.
• Students are then required to submit the application form along with the application fee.
• After the application deadline is reached and the university receives all the applications, they review every candidate's profile and prepare a merit list as per the availability of seats.
• Candidates are then required to lock their admission seats by paying the first fee deposit to the admissions office and getting their documents verified.

Top Entrance Exams for BCom Accounting and Finance

BCom Accounting and Finance admission process includes both merit-based and entrance-based processes. There are various B.Com Accounting and Finance colleges that conduct their own examination while there are a few entrance examinations conducted on the state level.

BHU UET: BHU UET is a university-level entrance examination conducted by Banaras Hindu University. BHU UET is conducted in order to assess students on the basis of their knowledge in particular subjects and provide them admissions as per the merit list. Candidates find the relevant BHU-PET details mentioned in the table below:

IPU CET: IPU CET is a university-level entrance examination conducted by GGSIPU every year for admission to various courses along with BCom Accounting and Finance. The examination is one of the top entrance exams when it comes to admission for B.Com accounting and finance.

Cutoff of B.Com Accounting and Finance Colleges

BCom Accounting and Finance cutoff is different for every university and is defined as the minimum scores required by students for admission to the degree programme. There are various factors that decide the B.Com Accounting and Finance degree cutoff such as the number of seats available, the difficulty level of the exam, and the number of students appearing in the exam. Candidates who are interested to pursue BCom Accounting and Finance course should know the cutoff for any particular university and must check their website for the results.

Skills Required for B.Com Accounting and Finance

BCom Accounting and Finance is a degree programme that requires students to develop various skills in analytical as well as strategic aspects. Through core and soft skills, one can excel in the field of commerce and finance. Some of the important skills required for BCom Accounting and Finance are having a strong analytical mindset, knowing finance, and being good with numbers. Other than these, there are various skills that a candidate must exhibit in order to perform well. Candidates can find the list of top skills required for BCom Accounting and Finance:

B.Com Accounting and Finance Subjects/Syllabus

B.Com Accounting and Finance syllabus is generally similar for every university and is designed in a way that caters to both accounting and financial aspects of commerce. Students can find the details of the B.Com Accounting and Finance subjects mentioned in the table below according to the semesters:

B.Com Accounting and Finance Fee Structure

B.Com Accounting and Finance fee structure is vary depending on the type of university and the type of facilities provided by the university such as lodging, food, and industrial training. The average fee structure for B.Com accounting and finance is around Rs. 50,000 to Rs. 5 lakhs for the entire course. There are also various private and government scholarships available for students with exceptional merit lists.

B.Com Accounting and Finance Scope

B.Com Accounting and Finance has a lot of scopes if candidates exhibit the appropriate skills that are required in the industry. Finance and commerce are two of the most important departments of any organisation and hence provide a lot of employment options. B.Com degree has various specialisations but this course is an appropriate amalgamation of commerce, accounting, and finance. Candidates might be able to get senior-level roles in case they pursue a higher degree with a similar or different specialisation such as MBA, M.Sc., M.Com., or MA. Candidates interested to move towards the research side can also pursue a Ph.D after post-graduation.

Career Options After Completing B.Com Accounting and Finance:

There are various career options after completing BCom Accounting and Finance. After the completion of this degree programme, students can choose to either work as an entry-level professional in the commerce and finance industry. After the completion of this degree programme, candidates can find lucrative job options in the finance and commerce industry as entry-level professionals with at least Rs. 6 lakhs per annum. Some of the most popular job profiles are export executive, sales team manager, risk analyst, corporate manager, sales manager, executive assistant and more.

Financial Analyst: Financial analysts are professionals who are responsible for analysing the financial data, reports of the company, and market financial conditions. After analysing the financial data, financial analysts recommend other financial pathways in order to increase the profitability of the organisation.

Credit Manager: Credit managers are professionals who are responsible for checking the creditworthiness of a business to identify their ability to pay or repay the loans, and credit lines, which are used for purchasing equipment and goals.

Sales Executive: Sales executives are professionals who are responsible for managing sales territories with predefined targets of income. They manage the number of sales being made in a quarter and check different ways through which the quarterly sales can be increased generating greater revenue.

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Benefits of BCom Accounting and Finance:

BCom Accounting and Finance is a degree programme that has various benefits and reasons to be pursued by students. BCom Accounting and Finance graduates are equipped with technical skills such as fundamentals of accounting and financial practices and applications of financial analysis along with accounting standards. After the completion of this degree programme, candidates can find lucrative job options in the finance and commerce industry as entry-level professionals with at least Rs. 6 lakhs per annum. It is a degree programme with B.Com core subjects such as commerce, accounting, business studies, management, corporate finance and more combined with a specialization in accounting and management.

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Salary Trends for B.Com Accounting and Finance:

The expected salary of a candidate after completion of BCom finance and accounting is variable and depends on the candidates as well as the organisation. For a candidate with less than a year of experience, the average annual compensation is around Rs. 3 lakhs to Rs. 5 lakhs per annum. After gaining some experience for about 1 to 3 years, candidates can earn an average annual compensation that ranges between Rs. 6 lahks to Rs. 8 lahks per annum. The top-level salary for a candidate with at least five years of experience is around Rs. 8 lakhs to Rs 12 lakh per annum including bonuses, overtime pay, and tips.

List of Top colleges in India offering B.Com Accounting and Finance Courses

B.Com Accounting and Finance courses if offered by various B.Com Accounting and Finance colleges in India. Prior academic achievements and admission test scores are used to determine admission. B.Com Accounting and Finance is offered by a number of India's top institutions and also B.Com Accounting and Finance fees.

Top Private B.Com Accounting and Finance Colleges in India

There are various private degree colleges in India that have BCom Accounting and Finance degree programmes and these colleges are slowly gaining popularity among students. Candidates can find the top private B.Com Accounting and Finance colleges in India mentioned in the table below.