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

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

Edited By Team Careers360 | Updated on Aug 04, 2023 12:42 PM IST

What is B.Com Accounting and Finance?

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

Particulars

Values

Degree Name

BCom Accounting and Finance

Degree Type

Bachelor’s

Degree Duration

3 years

Entrance Exams

BHU UET, IPU CET

Eligibility Criteria

Class 12 with 50 per cent marks from any field.

Admission process

Merit-based and Entrance based.

Fees for the entire duration

Rs. 25,000 to Rs. 3 lakh

Average Salary

Rs. 5 lakh per annum.

Job profiles

Finance executive, Financial analyst, Credit Manager, Corporate Manager, Risk Analyst, Sales Team Manager, Executive Assistant, Export Manager

Top recruiters

NABARD, PNB, EY, KPMG, Deloitte, PWC, Oracle, Gartner, SBI, CBI, Accenture.

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:

Strategic mindset

Leadership skills

Communication skills

Time management

Analytical skills

Market awareness

Managerial Skills

Decision-making skills

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:

Semester 1Semester 2
Business Communication – I

Business Communication – II

Finance AccountingFinancial Accounting – II
Cost Accounting (Introduction)

Auditing (Introduction) – I

Financial Management (Introduction)

Taxation – I (Indirect Taxes)

Business Environment – I

Business Communication – II

Business Economics – IBusiness Law
Foundation Course – IBusiness Mathematics
Semester 3Semester 4
Information Technology in Accountancy – I

Information Technology in Accountancy – II

Business Economics – II

Introduction to Management

Business Law – IIBusiness Law – III
Finance Market Operations – II

Research Methodology in Accounting and Finance

Operation ResearchWealth Management
Methods of CostingTaxation
Financial Accounting – III

Financial Accounting – IV

Auditing Techniques - IIAuditing Techniques – III
Semester 5Semester 6
Management Application IIIndian Economy III
Financial Accounting VFinancial Accounting VI
Cost Accounting IVCost Accounting V
Financial Management – II

Financial Management – III

International Finance – I

Security Analysis and Portfolio Management

Financial Analysis and Business ValuationFinancial Accounting VII
Direct Taxes - IDirect Taxes – II
Project Work IProject Work II

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.

Top Recruiters:

Google

Larsen & Toubro

DeloitteNestle
NTPCFlipkart
CitibankMicrosoft
ITCAmazon
VodafoneWipro

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.

Job Profiles
Average Salary
Financial AnalystRs. 4.0 LPA
Credit ManagerRs. 6.0 LPA
Sales ExecutiveRs. 2.4 LPA

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.

Colleges
Fees
RD National College of Arts and Science, Erode
-
Maharshi Dayanand College of Arts Science and Commerce, Parel
-
KD College of Commerce and General Studies, Paschim Medinipur
Rs. 20,200
Shankar Narayan College of Arts and Commerce, Bhayandar
Rs. 54,810
The Byramjee Jeejeebhoy College of Commerce, Mumbai
-
Shri Chinai College of Commerce and Economics, Mumbai
-
Sterling College of Arts Commerce and Science, Nerul
-
S K College of Science and Commerce, Navi Mumbai
-
AE Kalsekar Degree College, Thane
Rs. 58,960
Manjunatha College of Commerce, Thane
Rs. 46,660


Frequently Asked Question (FAQs)

1. What is a B.Com accounting and finance?

B.Com accounting and finance 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. 

2. What is the duration of a B.Com accounting and finance?

B.Com accounting and finance is a three year full-time undergraduate degree segregated into six equal semesters.

3. What are the specialisations available in B.Com accounting and finance?

B.Com accounting and finance is a degree with specialisation itself and has no further specializations.

4. What is the eligibility criteria for a B.Com accounting and finance

Candidates are required to successfully complete their 10+2 examination with a recognised board of India from any specialisation with a minimum aggregate of 50 per cent. 

5. What is the admission process for a B.Com accounting and finance?

B.Com accounting and finance admission process is conducted online and offline on the basis of students’ Class 12 scores as well as entrance exams. 

6. What are some of the top entrance examinations for B.Com accounting and finance?

IPU CET and BHU UET are some of the top entrance examinations for B.Com accounting and finance. 

7. What is the fee structure of a B.Com accounting and finance?

The average fees for B.Com accounting and finance degree programme varies between a range of Rs. 50,000 to Rs. 4 lakhs for the entire duration. 

8. What is the expected salary after completing a B.Com accounting and finance?

The average annual compensation for a B.Com accounting and finance graduate is around Rs. 5 lakh per annum.

9. Which companies hire B.Com accounting and finance graduates?

Larsen & Toubro, Nestle, Flipkart, Microsoft, Amazon, and Wipro are some of the top recruiters of B.Com accounting and finance graduates.

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Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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