BCom Accounting and Finance is a three-year undergraduate programs (Full time). The principles of accounting and financial procedures are covered in this course. An individual can gain the technical knowledge necessary to perform many of the steps involved in financial analysis and accounting standards through this course. The minimal requirement for admission to this course is passing the 10+2 or its equivalent in commerce, the arts, or science from a recognized board with a minimum score of 50%. The minimal scores needed to be admitted to this course may differ from institution to college. The grades received at the 10+2 level are used to determine admission to BCom Accounting and Finance Colleges. The application process varies from institution to institution. After taking the entrance exam, some universities provide direct admission to the programs based on merit and individual interviews or counselling. BCom Accounting and Finance distance learning programs costs typically range from INR 2000 to 50,000 per year. Business analysts, money managers, risk analysts, senior accountants, market analysts, financial analysts, cashiers/tellers, executive assistants, investment bankers, and other positions are common employment destinations for BCom Accounting and Finance graduates.""
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Highlights of the BCom Accounting and Finance Course
You can use your quantitative skills while applying technical knowledge to business settings in an accounting and finance course. The following are some of the main BCom Accounting and Finance course highlights:
|Course||BCom Accounting and Finance|
|Full form||Bachelor of Commerce in Accounting and Finance|
|Average tuition fee||INR 2000 to 4 Lakhs|
|Admission Process||Entrance and Merit Based Followed by Interview|
|Average salary||INR 1 to 10 Lakhs|
|Top recruiting companies||EY, KPMG, Deloitte, PWC, Deloitte, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, etc.|
What is the BCom Accounting and Finance Program About?
Here is a description of the BCom Accounting and Finance course that includes all a student needs to know. It details the topics covered in the course, what you'll learn, and the skills you can acquire as a result of enrolling in it:
The concepts of money, business, and management are covered in accounting and finance, with a focus on professional careers in these fields.
Finance undoubtedly pertains to a business's financial resources, whereas accounting is related to information analysis for various business aspects.
You can learn about accountancy procedures, business, industry, and finance with degrees in accounting and finance.
You will gain a variety of subject-specific and technical skills from this course, as well as more general skills like math and statistics, oral and written communication, entrepreneurship, the capacity to present a case and negotiate, and so forth.
Why Choose a BCom Accounting and Finance Degree?
If you appreciate math and want to use it in business—whether that's management, company law, or economics—studying accounting and finance may be the best choice.
Possibilities for work: The programme enables students to find jobs in a variety of industrial sectors. The Banking and Financial Service Industry (BFSI), which is anticipated to hire more than 8.4 million employees over the next 8–10 years, is where most BCom accounting and finance graduates are employed.
a good wage The payscale website estimates that graduates with a BCom in accounting and finance will make INR 492,424 year. They are also anticipated to receive additional benefits like bonuses, TA, DA, provident funds, and retirement benefits.
As already indicated, the course gives students the opportunity to work in any field because every company needs someone to crunch the figures.
You can gain a deeper understanding of the world economy through opportunities abroad and cultural exchanges, as well as by learning about a new place and improving your language skills.
In every organisation, accounting and finance are crucial to its operation. It is impossible for the public and commercial sectors, much like non-profit organisations, to function without operational funds.
Nowadays, the financial operations of businesses of all shapes and sizes are closely analysed. Because of this, there is a great demand for qualified and competent accounting professionals.
who ought to pursue a BCom in accounting and finance?
Candidates should enrol in the course if they are interested in working in the financial sector of the economy.
Candidates should enrol in the course if they are interested in a career as an audit manager.
Candidates might choose this course if they desire to work as financial managers.
Candidates should enrol in the course if they are interested in working in the banking and financial services sector.
Candidates should enrol in the course if they intend to work in investment management or pursue a career as an investment banker.
Admissions for BCom Accounting and Finance
Merit-based or entrance exam admission is used for the BCom in accounting and finance. Every year, the admissions procedure typically takes place from May through June. Due to the Covid 19 pandemic, it has been postponed this year. However, the admissions process is anticipated to begin right away following the announcement of the final results by the national and state boards.
Let's look more closely at the BCom Accounting and Finance.
Eligibility Requirements for Accounting and Finance in BCom
The aspirant should pay close attention to the requirements set forth by the college they wish to attend. The essential requirements for admission to the BCom Accounting and Finance programme are shown below and may change in different institutions and universities.
completion of the commerce stream 10+2 exam or its equivalent.
Candidate performance must average at least 55%.
The applicant must satisfy the minimal entrance requirements of the specific college to which you applied.
Each university may have a different minimum cut-off mark standard depending on its own admission requirements for the given year.
There are several colleges that hold entrance exams, and the applicant must pass that specific entrance exam.
Admission to BCom Accounting and Finance in 2023
According to merit or the results of an admission exam, students are admitted to the BCom Accounting and Finance programme after counselling. The following stages should be prioritised by applicants for the BCom Accounting and Finance course:
Candidates may submit their applications either online or offline.
The official website of the college or university where a candidate want to apply must be visited, and the candidate must register there. The entrance form must be completed by them.
Before the deadlines, candidates must submit the completed application form with all pertinent information.
They must then pay for the application form and upload the necessary papers.
The applicants must then print a copy of the application for future use.
Take the entrance exam and do well on it.
If eligible, they must show up for the counselling session.
At the time of admission, the candidates must have their documentation with them.
At the time of admission, all students are required to bring their credentials, both original and copy.
On the basis of merit and a personal interview, several universities provide direct admission to the programme.
Examinations for the B.Com. in Accounting and Finance
Here is a comprehensive list of all entrance exams in India that are held by different colleges and universities to admit students to their BCom Accounting and Finance programs. The information includes general exam details, eligibility requirements, key dates, the syllabus, preparation advice, and much more.
The Delhi University's prestigious courses are only open to students who pass the DU JAT entrance exam. Quantitative aptitude, verbal ability, logical reasoning, and general knowledge and business awareness make up the four sections of the DU JAT entrance exam. Online mode is used to conduct it.
NPAT-NMIMS Programs The entrance exam for programmes offering integrated degrees and undergraduate degrees is administered after the twelfth grade. You have a total of 2-hours to complete all the questions on the exam, which is given once a year.
The Symbiosis International University holds the SET - Symbiosis entrance test once a year for the purpose of admitting students to undergraduate programmes at the local level. You will have 2 hours and 30 minutes to finish answering all the questions. It's also an online exam. Additionally, the SET exam covers general English, logical thinking, quantitative skills, and general awareness.
The state-level common entrance test known as MHT CET administers the exam in Maharashtra. The MHT CET has a 90-minute time limit and is administered online.
The Guru Gobind Singh Indraprastha University administers the university-level IPU CET, or Indraprastha University Common Entrance Test. For candidates to be admitted to UG and PG level programs, an online exam is administered. Moreover, this exam takes 2 hours, 30 minutes to complete in total.
|Exam Name||Application Date||Exam Date|
|DU JAT||June 2023||July 2023|
|NPAT||June 20, 2023||April 1 to June 26, 2023|
|SET||January 25, 2023 – June 15, 2023||July 3, 2023|
|MHT CET||February 10, 2023 – April 15, 2023||August 5 – August 11, 2023 (PCM Group)
August 12 – August 20, 2023 (PCB Group)
|IPU CET||March 4, 2023 – May 31, 2023||June 18 – June 19 (UG and B.Ed)
June 23 – June 25, 2023 (PG and Ph.D.)
What should I do to get ready for the BCom Accounting and Finance Entrance Exam?
When preparing for the entrance exam for the BCom Accounting and Finance course, candidates should keep the following in mind. Only by closely adhering to these instructions will candidates be able to pass the entrance exam on their first try:
Do some study by looking at the entire curriculum and previous papers before beginning your preparation. Learn how many chapters and topics are included in the curriculum first.
Prepare the simpler chapters first when preparing. People frequently become bogged down in challenging chapters that take too long.
Quantitative aptitude, verbal ability, logical reasoning, general ability, and current affairs will all be covered in the current entrance exam.
Get some of the top BCom Accounting and Finance entrance test preparation materials for yourself. The best preparations will be made possible by these books.
How Can I Enroll in a Reputable BCom Accounting and Finance College?
Every student wants to be accepted into the finest colleges, but in order to be accepted into the best institution for BCom Accounting and Finance, there are a few things you need to keep in mind. So, the following advice will help you enrol in the college of your choice:
The process of being admitted to prestigious institutions is supported by two basic principles or pillars.
The pillar eligibility requirements and the pillar entrance exam are two of them.
Your graduation or post-graduation percentage should meet the university's eligibility requirements.
Keep up with the application deadlines by checking websites, newspapers, and periodicals.
To enhance your time management abilities for admission tests, practise the prior year's exams.
You should be able to conduct in-depth research on a subject, thus candidates must have the necessary aptitude, commitment, and work ethic to succeed in this programme.
Distance Learning for the BCom in Finance and Accounting
Distance learning for BCom Accounting and Finance is provided by many universities in India. This course is offered via distance learning by reputable open universities like Bangalore University, Acharya Nagarjuna University, Chandigarh University, etc.
BCom Accounting and Finance distance learning programme costs typically range from INR 2000 to 50,000 per year.
The process for admitting students can be done either online or offline; it depends on the college whether it uses an online or offline admissions system.
|College Name||Duration||Average Fees||Average Salary|
|Bharathiar University, Coimbatore||3 years||INR 5,417||INR 2.5 LPA|
|Bangalore University, Bangalore||3 years||INR 4,700||INR 2.9 LPA|
|Karnataka State Open University, Mysore||3 years||INR 5,450||INR 1.6 LPA|
|Chandigarh University, Chandigarh||3 years||INR 20,400||INR 1.74 LPA|
|Acharya Nagarjuna University, Guntur||3 years||INR 4,320||INR 1.08 LPA|
Accounting and Finance Syllabus for the BCom
The following table lists the year-by-year curriculum for the BCom Accounting and Finance course that you will take. The curriculum for the discipline may vary depending on the university one chooses:
|Year 1||Year 2||Year 3|
|Financial accounting||Corporate accounting||Business finance|
|Business organization||Business statistics||Auditing|
|Business economics||Commercial law||Income tax|
|-||Banking theory||Cost accounting|
|-||Business environment||Accounting for managerial decisions|
BCom vs. BCom Finance and Accounting course comparison
Despite the fact that both BCom and BCom Finance and Accounting are core commerce courses, the former emphasises the Accounting and Finance portion more than the latter does.
Both are superior in their own right, but if you want to pursue a BCom or BCom Accounting and Finance, both of which have a broad range of career options, the choice of course should only be made based on your professional aspirations.
|Parameters||BCom||BCom Accounting and Finance|
|Overview||BCom is a general programme that teaches students and overviews aspects of the subjects.||Focuses on the accounting and financial aspects of management and business.|
|Specialization||Finance, Marketing, Accounts, Human resource management, Banking & Insurance, Taxation law, Financial market, Investment management, etc.||Financial management, Corporate finance or Transaction services, Auditing, Not for profit accounting, Business assurance services, etc.|
|Eligibility||10+2 with commerce stream with math and English as core subjects from a recognized board.||10+2 or equivalent level of education in the commerce stream with accounts, math & economics as main subjects.|
|Admission process||Entrance & merit based||Counseling after taking entrance examination|
|Average annual fees||INR 20,000 to INR 50,000 annually||INR 2,000 to INR 4 Lakhs|
|Job roles||Bank PO, Accountant, Event Manager, Lecturer, Chartered Accountant, and Human Resource Development, etc.||Risk Analyst, Senior Accountant, Market Analyst, Financial Analyst, cashier/Teller, Executive Assistant, Investment Banker, etc.|
|Average annual salary||INR 4.44-INR 7 Lakhs||INR 1 LPA to INR 10 LPA|
Top BCom colleges for accounting and finance in India
In the table below, a few of the best universities that offer a BCom in accounting and finance are listed. The table also includes details about the application procedure, typical yearly fees, average annual compensation, placements, and how these universities rank according to NIRF 2020.
|NIRF Ranking 2020||College||Course Fee Structure||Average Starting Salary|
|57||Narsee Monjee College of Commerce & Economics, Mumbai||INR 4,941||INR 4 LPA|
|99||Lovely Professional University, Punjab||INR 9,52,000||INR 5 LPA|
|101||Jain University, Bangalore||INR 1,20,000||INR 4.5 LPA|
|151-200||Christ University, Bangalore||INR 75,000||INR 6.85 LPA|
|151-200||Pandit Deendayal Petroleum University, Gandhi Nagar||INR 2,49,000||INR 7.02 LPA|
|_||Stella Maris College, Chennai||INR 29,645||INR 4.2 LPA|
|_||Ethiraj College for Women, Chennai||INR 76,000||INR 3 LPA|
|_||Chandigarh University, Chandigarh||INR 96,000||INR 6 LPA|
|_||NIMS University, Rajasthan||INR 12,000||INR 4 LPA|
|_||St. Andrew’s College of Arts Science & Commerce, Mumbai||INR 18,087||INR 5-10 LPA|
Mumbai BCom Accounting and Finance Colleges
The top BCom Accounting and Finance Colleges in Mumbai are listed here.
|Narsee Monjee College of Commerce and Economics||INR 35,500|
|HR College Of Commerce And Economics, Mumbai||INR 18,162|
|Mithibai College of Arts||INR 35,000|
|Kishinchand Chellaram College||INR 9,535|
|Mulund College of Commerce||INR 18,850|
|Kelkar Education Trust's V.G. Vaze College Of Arts Science And Commerce, Mumbai||INR 19,366|
|Jai Hind College||INR 5,330|
Chennai BCom Accounting and Finance Colleges
These are Chennai's top BCom accounting and finance colleges.
|Loyola College, Chennai||INR 12,650|
|Stella Maris College||INR 19,645|
|Ethiraj College for Women||INR 76,000|
|Women’s Christian College||INR 79,004|
|SRM Institute of Science and Technology||INR 70,000|
|B.S. Abdur Rahman Crescent Institute of Science & Technology||INR 80,000|
|Mohamed Sathak College of Arts and Science||INR 40,000|
Kolkata BCom Accounting and Finance Colleges
These are Kolkata's top BCom accounting and finance colleges.
|Jogesh Chandra Chaudhuri College||INR 5,345|
|Bangabasi College||INR 5,020|
|Charuchandra College||INR 5,350|
|Netaji Nagar Day College, Kolkata||INR 5,650|
|Jogamaya Devi College||INR 13,040|
Coimbatore BCom Accounting and Finance Colleges
These are Coimbatore's top BCom accounting and finance colleges.
|Sri Krishna Arts and Science College||-|
|Sri Ramakrishna College of Arts and Science||INR 62,000|
|PSG College of Arts and Science||INR 56,850|
|PSGR Krishnammal College For Women||INR 1,411|
|Hindusthan College of Arts and Science||INR 42,000|
|Rathinam Arts and Science College||INR 42,000|
Comparison of Accounting and Finance Programs in BCom
Below, we've compared the best BCom Accounting and Finance schools based on factors like NIRF ranking and other important considerations that any prospective student can look at. These three colleges are among the best and most well-known in India, and they charge the lowest tuition rates.
|Parameter||Stella Maris College||Lovely Professional University||Chandigarh University|
|Overview||It is an autonomous college affiliated to the University of Madras and is partly residential. It is One of the best women's colleges in the Country. They don't just create graduates but they create the best women to build a better society.||The university offers several undergraduate, post graduate and doctoral programs. Scholarships are awarded to aspirants who perform excellent in various fields.||Chandigarh University is a UGC approved private university established in the year 2012 by an act of the Punjab State Legislature. Since its inception it has achieved several milestones and is ranked as one of the top private universities in India. Chandigarh University admission to all the UG and PG courses is based on a candidate's performance in the University-conducted entrance exam called CUCET.|
|NIRF 2020 ranking||13||99||51|
|Location||Chennai, Tamil Nadu||Jalandhar, Punjab||Chandigarh|
|Admission process||Entrance based||Entrance exam followed by an interview||Entrance based|
|Average annual fees||INR 29,645||INR 9,52,000||INR 96,000|
|Average annual package||INR 2.3 LPA||INR 5 LPA||INR 6 LPA|
|Top recruiters||Goldman Sachs, Wipro, Zoho, Ernst and Young, World Bank, Cognizant, KPMG, Royal Bank of Scotland, Deloitte, Google, HDFC, ICICI, Axis Bank, Kotak Mahindra Bank, Tata Consultancy Services, Amazon Corporation etc.||Hewlett Packard, Amazon, Abbott, IBM, Cognizant Technology Solutions, Google and Microsoft, Microsoft, Infosys and Morgan Stanley, Adobe, Capgemini, etc.||Reliance Industries, Godrej, SanMar Group, Jindal Steel, Asahi Glass, Tata Power, Tata Technologies, Schindler, Capgemini, IBM, HDFC, Microsoft, Google, Amazon, KPIT, etc.|
BCom Finance and Accounting Job Opportunities and Pay
Graduates of BCom Accounting and Finance programmes have numerous professional options both domestically and internationally. Following is a summary of some of the most sought-after employment opportunities for BCom Accounting and Finance graduates today:
Following are a few of the well-liked job roles available to successful BCom Accounting and Finance graduates, together with the associated job descriptions and typical yearly salaries:
|Personal Finance Consultant||A Personal Finance Consultant advising clients on taxes, retirement planning, investments, and insurance decisions, depending on their financial goals.||INR 9,81,627|
|Financial Analyst||The responsibility of the Financial analysts is to track a company's financial performance against a plan, analyzing business performance and market conditions to create forecasts and helping senior management make tactical and strategic decisions by providing periodic reports.||INR 5,85,380|
|Accounts Assistant||The responsibilities of an Accounts Assistant will be reconciling finance accounts, maintaining spreadsheets, credit control, verifying calculations, working with the Accounts system, reconciliation of direct debit mandates, managing petty cash transactions etc.||INR 2,48,033|
|Money Manager||The responsibilities of money managers includes research and find companies, funds, industries where the managers can find investment, choose and advise bonds, stocks, currencies, and other investment commodities for funds, develop investment strategies for individuals and companies, analyze past and present financial data, strategy, policy, management of the companies, examine industry trends and economic factors such as inflation, unemployment rates, etc.||INR 7,62,187|
|Senior Accountant||A senior Accountant is responsible for maintaining records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization, investigate budget and variance issues, analyze financial data and prepare budget forecasts, maintain general ledger as needed.||INR 3,55,696|
BCom Accounting and Finance Concentration
The range of BCom Accounting and Finance is enormous, and individuals who complete the programme can find the best employment possibilities in a variety of industries all over the world. The alternative options after this course, in addition to continuing with academic studies such an MBA, MCom, or CA, are:
There is a broad range in this topic because it is impossible to function without operational financing in both the public and private sectors, including non-profit organisations.
Although it must be based upon a strong educational basis, a career in professional accounting and finance can be extremely exciting and rewarding.
Any company that needs money to operate is dependent on the accounting and finance experts' services.
These factors contribute to the extreme need for qualified and competent accounting and finance experts across practically every modern industry.
Although it must be based on a strong educational foundation, a career in accounting can be very exciting and rewarding.
Accountants who work for themselves benefit from complete flexibility and the opportunity to set their own working schedules.