B.Com Accounting and Finance: Course Details, Eligibility, Admission, Fees
B.Com Accounting and Finance is a three-year undergraduate course is designed to give students a solid foundation in accounting and finance theory and practice as well as in-depth knowledge of important topics such as portfolio management, capital markets, income tax law, etc. There are many job opportunities available for graduates of this course, and students can start with roles such as Marketing Manager, Accounts Assistant, Personal Finance Consultant, Executive Assistant, Risk Analyst, etc.
Table of Contents
- About B.Com Accounting and Finance
- Who Should Pursue B.Com Accounting and Finance Course?
- How To Get Admission for B.Com Accounting and Finance?
- Popular Entrance Exams for B.Com Accounting and Finance
- Top 10 B.Com Accounting and Finance Colleges in India
- Fee Structure for B.Com Accounting and Finance
- Syllabus and Subjects for B.Com Accounting and Finance
- Why Choose B.Com Accounting and Finance?
- Scope For Higher Education
- Salary of a B.Com Accounting and Finance Graduate
- Career Options After B.Com Accounting and Finance Graduation
- Skills That Make You The Best B.Com Accounting and Finance Graduate
B.Com Accounting and Finance Course Details
| Degree | Bachelors |
| Full Form | Bachelor of Commerce in Accounting and Finance |
| Duration | 3 Years |
| Age | No specific age limit |
| Subjects Required | 10+2 from a Recognized Educational Board |
| Minimum Percentage | 50% |
| Average Fees | ₹5K - 70K PA |
| Similar Options of Study | B.Com (Computer Applications), B.Com (Corporate Secretaryship), B.Com (Accountancy) etc |
| Average Salary | INR 4.35 L per annum |
| Employment Roles | Accountant, Operations Manager, Lecturer, Financial Analyst, Finance Manager, Account Executive, Executive Assistant, Chartered Accountant, Accounts Assistant, SAP Consultant etc. |
| Top Recruiters | Tata Consultancy Services Limited, Genpact, Accenture, EY (Ernst & Young), J.P. Morgan Chase & Co. (JPMCC), HDFC Bank Pvt Ltd, HSBC, Capgemini, Wipro, Amazon.com Inc, Kotak Mahindra Bank etc. |
About B.Com Accounting and Finance
B.Com Accounting and Finance full form is Bachelor of Commerce in Accounting and Finance. The course duration is three years. B.Com Accounting and Finance syllabus includes the study of business economics, financial accounting, cost accounting, etc. B.Com Accounting and Finance job scope is extensive ranging from finance manager, investment banker to a money manager in both public and private sectors.
Eligibility Criteria for B.Com Accounting and Finance
For admission in the B.Com in Accounting and Finance course, it is essential to fulfilling all the eligibility criteria. The B Com Accounting and Finance eligibility includes, students must complete their 10+2 with a minimum aggregate of 50%. Additionally, they must give the required entrance exams. The course has no age limit.
Who Should Pursue B.Com Accounting and Finance Course?
B.Com Accounting and Finance course is designed for students who wants to study different aspects of commerce, finance and accounting with having analytical and logical thinking skills. Because of this students have various job opportunities after completing this course.
When To Do B.Com Accounting and Finance Course?
If a student wants to pursue a career in accounting and finance-related field, he or she should begin at the 10+2 level. They must 12th grade in commerce or related stream from a recoginized board with 50%-55% marks.
How To Get Admission for B.Com Accounting and Finance?
For B Com Accounting and Finance admission, it is vital that the students ensure they are aware of all the admission requirements and eligibility criteria of the course. The admission process details can be started both offline and online. The course falls under the umbrella of the B.Com course and henceforth has a similar admission process.Listed below is the admission process in general:
How to Apply?
To apply for admission in the B.Com Accounting and Finance course, students must register themselves in the official website of the college. They will be required to fill out the online application form and upload the required documents. Alternatively, students can apply for the admissions by going to the admission office in person and submitting the paperwork in person.
Selection Process
B.Com Accounting and Finance course selection process is done on the basis of the marks that the aspirants get in their entrance examinations and 10+2. Colleges have a cut-off based on which students get admitted.
Read More on B.Com Admission
Popular Entrance Exams for B.Com Accounting and Finance
Colleges that provide a degree in Bachelor of Commerce in Accounting and Finance, have entrance examinations as part of the screening process when selecting students for admission. Some of the entrance exams are listed below:
A Quick Glance at the B.Com Accounting and Finance Exams
Bachelor of Finance and Accounting course details for the entrance exams can be found online. It is essential that students do the required research about the entrance exam’s pattern as it can really help them ensure that they ace the exams without any hurdles. The general structure and pattern of the entrance exams are given below:
- The total marks on the paper are 100
- Questions are in MCQ Format
- The total time to attempt the questions is 2 hours or 120 minutes
- The compulsory subjects asked are Maths, Logical Reasoning, English and General Knowledge
Top 10 B.Com Accounting and Finance Colleges in India
Below is the list of the 10 best B.Com Accounting and Finance colleges in India:
|
Sl. No. |
Name of the College |
Average Fees |
|
1 |
INR 29,000 PA |
|
|
2 |
INR 9,200 PA |
|
|
3 |
INR 13,000 PA |
|
|
4 |
INR 33,000 PA |
|
|
5 |
INR 18,000 PA |
|
|
6 |
INR 39,000 PA |
|
|
7 |
INR 50,000 PA |
|
|
8 |
INR 4,000 PA |
|
|
9 |
INR 10,800 PA |
|
|
10 |
INR 18,000 PA |
Fee Structure for B.Com Accounting and Finance
B.Com Accounting and Finance fees are varied on the basis of factors such as the location of the college, demand for the college and the faculty available. The average fee of a B.Com in Accounting and Finance is between INR 50,000 - 1.5 LPA.
|
S.No |
Name of Institute |
Total Fee Structure |
|
1 |
Lovely Professional University |
INR 1.8 LPA |
|
2 |
G.D. Goenka University, Gurgaon |
INR 2 LPA |
|
3 |
Amity University, Noida |
INR 2 LPA |
|
4 |
Banaras Hindu University, Banaras |
INR 90,000 PA |
|
5 |
Institute of Home Economics, Delhi |
INR 50,000 PA |
Syllabus and Subjects for B.Com Accounting and Finance
The syllabus and subjects for B.Com in Accounting and Finance are divided into six semesters, spread across a time period of three years.The course introduces students to all the essential and important concepts relating to the financial sector of a company or organisation. Additionally, students are exposed to all the concepts relating to accounting and financial management. Some of the core subjects are mentioned below:
- Financial Accounting
- Business Organization
- Commercial Law & Industrial Law
- Business Environment
Read More: B.Com Accounting and Finance Syllabus and Subjects
Why Choose B.Com Accounting and Finance?
When students are thinking about pursuing a B.Com in Accounting and Finance, they must ensure that they do all the required research about the course. Students often ask, "What is B.Com Accounting and Finance" and "Why choose B.Com Accounting and Finance?" To understand the answer to these questions, we can make it simpler by breaking it down to the following three short questions:
What is B.Com Accounting and Finance All About?
B.Com in Accounting and Finance is a three-year-long undergraduate programme that deals with costing, accounting, financial management and more. The course study helps the candidate to gain adequate skills in data handling and quantitative techniques (related to accounting and finance). Those who have successfully completed the B.Com Accounting and Finance course can have wide scope both with regard to higher education and career.
What Does a B.Com Accounting and Finance Graduate Do?
B.Com in Accounting and Finance graduates have a lot of job opportunities and scope in both the public and private domains. They can also go for government jobs such as government accountants-they may work at the local/state level or the central level, administer and formulate budgets, track costs, and analyze programs.
Financial Analyst: In this career, professionals need to track a company's financial performance against a plan, analyze business performance and market conditions to create forecasts, and help senior management make tactical and strategic decisions by providing periodic reports.
Reasons Why B.Com Accounting and Finance Can Fetch You a Rewarding Career?
One of the primary roles of a B.Com in Accounting and Finance graduate is accounting for an organisation and helping with their financial management. Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions, and events which are, in part at least, of financial character, and interpreting the results thereof. On the other hand, the Finance syllabus focuses on funds management.
Demand: The field of Finance and Accounting is always in demand as it is the backbone of every business entity so the B.Com Accounting and Finance scope is in every industry. Due to the nature of the job, there is a huge demand for this role in the market, making it possible for students to build a rewarding career for themselves.
Read More: B.Com Accounting and Finance Jobs and Scope
Preparation Tips for B.Com Accounting and Finance
It is important to have a detailed plan for the preparation in order to succeed in the course. Some of the Essential course preparation tips are listed below:
Make a Plan: It is important for the students to make a plan for the study plan. If students ensure that they are prepared for the course and exams, they can ace the course and exams with ease.
Time Management: The aspirant should be capable of answering all the questions in the specified time. Since it involves literature, it would be lengthy.
Skills: Trying to focus more on Quantitative Aptitude, English Comprehension, Analytical Reasoning, Data Interpretation, etc., which are all included in the entrance exam.
Scope For Higher Education
After obtaining a B.Com in Accounting and Finance, many students opt for higher education. Getting a master’s degree or certificate course can really help the students make a rewarding and higher-paying career.Below mentioned are some of the popular master's courses that students pursue after a B.Com in Accounting and Finance:
- PhD
- MPhil
- MBA Banking and Finance
- MBA Banking
- Chartered Accountant
- Chartered Financial Analyst
- Cost Management Accountant
- MBA Banking and Insurance
- MBA Banking and Taxation
- M.Com Banking and Insurance Management
- M.Com Bank Management
- M.Com Banking and Finance
- Master in Financial Management (MFM)
- Executive Program in Applied Finance
Salary of a B.Com Accounting and Finance Graduate
According to Payscale, the average starting salary for B.Com Accounting and Finance is INR 2.5 - 3.5 LPA. This salary is not fixed and changes due to many factors. If students obtain some work experience or higher education it can help them get a higher salary at work.
Read More: B.Com Accounting and Finance Salary
Career Options After B.Com Accounting and Finance Graduation
There are many job opportunities available for B.Com in Accounting and Finance graduates. The teaching methodology helps the students to stay up to date with all the latest requirements and developments in the industry they are interested in entering. Listed below are popular roles that B.Com in Accounting and Finance graduates start with:
- Operations Manager
- Account Executive
- Chartered Accountant
- Finance manager
- Human Resource manager
Skills That Make You The Best B.Com Accounting and Finance Graduate
There are many skills that students need to possess to successfully complete the course and also to thrive in their jobs. These skills include both soft skills, such as communication skills, and hard skills, such as mathematical skills. Some of these skills include:
- Teamwork Spirit
- Good Communication
- Interpersonal Skills
- Mathematical Skills
- Account Knowledge.
