B.Com Accounting and Finance: Course Details, Eligibility, Admission, Fees

Duration

Average Fees

INR 5000 - 70,000 per annum

Rahil Ahmed

Updated on Oct 3, 2022 by Rahil Ahmed

Rahil Ahmed

Updated on Oct 3, 2022 by Rahil Ahmed

B.Com Accounting and Finance is a three-year-long undergraduate course that deals with recording, classifying, and summarizing of money, transactions, and events which are, in part at least, of financial character, and interpreting the results thereof. 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 and Business Analyst.

B.Com Accounting and Finance Course Details

Degree Bachelors
Full Form Bachelor of Commerce in Accounting and Finance
Duration
Age No specific age limit
Subjects Required 10+2 from a Recognized Educational Board
Minimum Percentage 50%
Average Fees INR 5000 - 70,000 per annum
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.
Opportunities 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

Wikipedia explains Accounting as, “Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business",measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.”

Table of Contents:

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 minimum age to apply for the course is 17 years.

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 found by going online. The course falls under the umbrella of the B.Com course and henceforth has a similar admission process.

The admission selection is done on the basis of the marks obtained by the students in the entrance examination and their 10+2 exams. 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. To find out the final outcome, students should check their emails or go to the official website of the college.

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

1

Stella Maris College, Chennai

2

KPB Hinduja College of Commerce, Mumbai

3

MOP Vaishnav College, Chennai

4

BS Abdur Rahman University, Chennai

5

St. Andrew’s College of Arts, Science and Commerce, Mumbai

6

Tharananellur Arts and Science College, Thrissur

7

The Oxford College of Business Management, Bangalore

8

University of Mumbai

9

Vijaygarh Jyotish Ray College, Kolkata

10

HR College of Commerce and Economics, Mumbai

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 90K Per Annum

5

Institute of Home Economics, Delhi

INR 50K Per Annum

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 data handling, 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. One can find endless career opportunities in the financial sector after the completion of the course.

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. Candidates have B.Com Accounting and Finance jobs in the budget analyzing department; here they are responsible for developing and managing organizations' financial plans.

Budgeting for an Organisation: When students study this course, they are exposed to the importance of budgeting. As a B.Com in Accounting and finance graduate, students learn how to understand the business needs of an organisation and help them come up with a sustainable budget.

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

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.

Connect With Fellow Students: It is essential for students to make the time to connect with aluminium and current students. This can help them gauge an understanding of what they should be prepared for when they start the course.

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. Additionally, it can help them pursue a Phd. Below mentioned are some of the popular master's courses that students pursue after a B.Com in Accounting and 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 education that students gain during their course enables them to know about all the industry-relevant trends and information. Additionally, 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.

B.Com Accounting and Finance Fee Structure

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