B.Com - Professional Accounting

Overview:

B.Com Professional Accounting is a three year full-time undergraduate management degree course which gives the student a theoretical understanding of how Professional Accounting principles work within a business context. The basic eligibility for BCom Professional Accounting course is a 10+2 (basic high secondary education) in a relevant field or any field such as science, arts, humanities and commerce. Candidates must have a minimum of 50% aggregate score in the course from a recognised board school.

Admission to the course is offered either on the basis of the score obtained by a candidate in an entrance exam or on merit basis. In merit-based selection, marks obtained by a candidate in the qualifying examinations are considered for offering admission into the course. There are a plethora of subjects that are taught during the entire length of the undergraduate commerce course. Some of the important subjects are Income Tax Law & Practice, Business Statistics, Financial Market Operations, Corporate Reporting, Financial Market Operations etc.

Future prospects of the course are in a variety of business and management fields such as Banks, Merchant Banking, Industrial Houses, Inventory Control, Business Consultancies, Educational Institutes, Budget Planning, Investment Banking, Marketing etc.

Top Colleges Offering B.Com Professional Accounting:

• Christ University
  
• Jain University
  
• Bharath University
  
• Symbiosis College of Arts and Commerce
  
• K J Somaiya College of Arts & Commerce
  
• Mithibai College of Arts
  
• Jai Hind College
  
• PSG College of Arts and Science
  
• Kalinga University
  

Why Chooes B.Com  Professional Accounting:

Choosing a Bachelor of Commerce (B.Com) with a specialization in Professional Accounting offers numerous benefits and opportunities. Here are some compelling reasons to pursue this path:

• Comprehensive Knowledge:A B.Comin Professional Accounting provides a strong foundation in accounting principles, financial management, taxation, auditing, and business law. This comprehensive knowledge is essential for a successful career in accounting and finance.
  
• High Demand for Accountants:There is a consistent demand for qualified accountants across various industries. Businesses, non-profit organizations, and government agencies all require skilled professionals to manage their financial records and ensure compliance with financial regulations.
  
• Diverse Career Opportunities:Graduates with a specialization in Professional Accounting can pursue various career paths, including Chartered Accountant (CA), Certified Public Accountant (CPA), auditor, tax consultant, financial analyst, and corporate accountant.
  
• Professional Certifications:A B.Comin Professional Accounting prepares you for professional certifications such as CA, CPA, CMA (Certified Management Accountant), and ACCA (Association of Chartered Certified Accountants), which can enhance your career prospects and earning potential.
  
• Job Stability and Security:Accounting is considered a stable and secure profession. Companies will always need accountants to manage their finances, ensuring a steady demand for qualified professionals in this field.
  
• Competitive Salaries:Accountants often enjoy competitive salaries and benefits. With experience and additional certifications, the earning potential can be significant, especially in senior roles.
  
• Skill Development:The program helps develop essential skills such as analytical thinking, attention to detail, problem-solving, and proficiency in accounting software. These skills are valuable not only in accounting but also in various other business roles.
  
• Ethical and Responsible Practice:Accounting professionals play a crucial role in maintaining financial integrity and transparency. The ethical standards and practices learned during your studies are vital for ensuring accurate and honest financial reporting.
  
• Entrepreneurial Opportunities:With a strong understanding of financial management and accounting principles, you can start your own accounting firm or consultancy, providing services to businesses and individuals.
  
• Personal and Professional Growth:The rigorous nature of the program and the challenges it presents will foster both personal and professional growth. You’ll develop strong time management, organizational, and communication skills.
  
• International Opportunities:Accounting principles are largely universal, allowing for international career opportunities. With additional certifications and experience, you can work in various countries and industries around the world.
  
• Contribution to Business Success:Accountants play a vital role in business decision-making by providing financial insights and analysis. Your work will contribute to the strategic planning and success of businesses.

If you have an aptitude for numbers, a keen interest in financial management, and a desire to pursue a career with diverse opportunities and stability, a B.Comin Professional Accounting can be an excellent choice. Is there a specific area of accounting that interests you the most?

Admission Procedure For B.Com Professional Accounting:

• The selection process for the course is carried out based on entrance exams score and marks scored in 12th/10th from any reputed college or university.
  
• After an interview conducted at the university side, the aspirants are allocated seats based on various B.Com Professional Accounting eligibility criteria fulfilled by the aspirants.
  
• The admission procedure is solely dependent on the institute or college offering the admission, and the admission procedures may or may not change, which too will be a final decision by the institute or college offering admissions.
  

Eligibility For B.Com Professional Accounting:

• Candidates must have completed HSC/12th Standard/Higher Secondary with marks not less than 50% from a nationally recognized board
  
• Candidates who have completed their class 12th in either Commerce, Science or Humanities
  
• There might be entrance examinations or counselling in the colleges applied to, based on the HSC marks and percentage of the candidate
  

Career Opportunities B.Com Professional Accounting:

Many job opportunities are opened for the graduates after B.Com Professional Accounting, both in the public and private sectors. The career scope after the course of B.Com Professional Accounting is vast and in diverse fields. The job offered to them will differ according to the graduates' industry and the knowledge possessed by the graduates

Jobs Opportunities After B.Com Professional Accounting:

• Auditors
  
• Accountant
  
• Accounts Receivable Clerk
  
• Bookkeeper
  
• Auditing Clerk
  
• Financial Consultant
  
• Professional Accounting Associate
  
• Certified Public Accountant
  
• Directors of Account
  
• Forensic Professional Accounting
  
• Chartered Management Accountant

Top Recruiters of B.Com Professional Accounting:

• NABARD (National Bank for Agriculture and Rural Development)
  
• PNB (Punjab National Bank)
  
• EY (Ernst & Young)
  
• KPMG (Klynveld Peat Marwick Goerdeler)
  
• Deloitte
  
• PwC (PricewaterhouseCoopers)
  
• Oracle
  
• Gartner
  
• SBI (State Bank of India)
  
• CBI (Central Bank of India)
  
• Accenture
  

Syllabus For B.Com Professional Accounting:

Semester I

Financial Professional Accounting- I
Fundamentals of Mathematics & Statistics
General English 2
Business Economics
Business Organization
Business Law

Semester II

Financial Professional Accounting – II
Business Statistics
Business Economics – II
Environmental Science
Cost Professional Accounting – I
Business Communication

Semester III

Corporate Professional Accounting
Information Technology & Professional Accounting (Lab-Based)
Income Tax Law & Practice
Auditing
Cost Professional Accounting – II
Corporate Laws

Semester IV

Advanced Corporate Professional Accounting
Business Research Methods
Financial Reporting
Indirect Taxes
Management Professional Accounting
Financial Management

Semester V

Advanced Accounts
Summer Training Report
Financial Market Operations
Business Analysis
Corporate Tax Law & Practice
Value, Ethics & Governance
Business Communication – II

Semester VI

Corporate Reporting
E-Commerce
Management Information System
Advanced Audit & Assurance
Project Report – Viva Voce
Advanced Performance Management
Advanced Financial Management