B.Com - Accounting and Finance

Overview :

A Bachelor of Commerce (B.Com) in Accounting and Finance is a three-year undergraduate degree program that develops students' skills and knowledge in accounting and finance:

Students learn about Accounting, Taxation, Cost Accounting, Financial Management, and more. The curriculum also includes case studies, real-world business issues, and discussions about the latest business developments.

Lectures, presentations, and case studies are the teaching methods used to teach the course. Students also participate in Guest Lectures and Seminars to gain practical experience.

To be eligible for a B.Com course, candidates must have completed Class 12 in the Commerce stream with certain compulsory subjects. Some colleges also accept CUET and IPU CET scores.

Graduates of the B.Com in Accounting and Finance program can pursue careers as Accountants, Financial Analysts, Tax Consultants, and more.

B.Com graduates with a specialization in Accounting and Finance in India earn an average salary of around 5.3 lakh rupees per year.

Some Highlights of B.Com Accounting and Finance:

Top Colleges Offering B.Com  Accounting and Finance:

• H.R. College of Commerce and Economics
  
• SVKM's Narsee Monjee College of Commerce and Economics
  
• Christ University
  
• St. Joseph's College of Commerce
  
• Hinduja College of Commerce
  
• Madras Christian College
  
• Loyola College
  
• Mithibai College Of Arts Logo
  
• M.O.P. Vaishnav College f
  

Why Chooes B.Com  Accounting and Finance:

A B.Com in Accounting and Finance is an excellent choice for students looking to pursue a career in Accounting, Finance, or related fields. Here are the key reasons why this degree can be a valuable and rewarding option:

• Industry-Relevant Skills: Students gain subject-specific technical skills in Accounting, Financial Management, and Financial Analysis, which are applicable across various sectors such as Banking, Investment Banking, Financial Services, and more.  Alongside technical skills, students also develop General Business skills, including Numerical and Quantitative skills, Communication skills (oral and written), Entrepreneurship, and Negotiation skills.
• Transferable Skills The course equips students with transferable skills that are highly valued across industries, such as Regulatory compliance, Strategic planning, and Financial Management. These skills are essential for solving complex business problems, making informed financial decisions, and ensuring financial health within organizations.
• Core Role in Organizations: Accounting and Finance are central to the functioning of every organization, from public and private sectors to non-profits. Without proper Financial management, it's impossible for any organization to operate effectively.  Graduates are equipped to manage organizational finances, prepare financial statements, and ensure financial compliance.
• Diverse Career Paths: A B.Com in Accounting and Finance opens doors to various professional careers, such as Chartered Accountant (CA), Chartered Financial Analyst (CFA), Certified Management Accountant (CMA).  Roles like Business Analyst, Market Analyst, Financial Analyst, Investment Banker, and more in industries like Banking, Investment Banking, Auditing, and Financial Services.
• Growing Job Opportunities: The Banking, Financial Services, and Insurance (BFSI) sector is one of the largest employers in India, and is expected to hire over 8.4 million people in the next 8-10 years.  Graduates in Accounting and Finance are in high demand due to the increasing need for skilled financial professionals to manage the growing complexity of financial operations in organizations.
• Global Career Opportunities: With an increasing focus on global financial practices, a B.Com in Accounting and Finance opens up opportunities for international careers.  Abroad job opportunities offer cultural exchanges and a deeper understanding of the Global Economy, along with language skills that enhance employability in international markets.
• Solid Foundation for Further Studies: The program provides a strong foundation for pursuing higher qualifications such as MBA, CA, CFA, CMA, and more.  Further education can lead to advanced roles in corporate finance, investment banking, and other high-level positions in the financial industry.
• Stability and High Demand: Accounting professionals are always in demand, especially as organizations face increasing scrutiny of their Financial Management practices.  With globalization and digital transformation, the role of financial experts has become even more crucial, ensuring job security and career growth for graduates.

A B.Com in Accounting and Finance offers a comprehensive education in accounting, financial management, and analysis, and provides graduates with the skills necessary to excel in a wide range of industries. It opens up diverse career opportunities, both in India and internationally, and prepares students for professional certifications like CA, CFA, and CMA. With the growing demand for financial experts, this degree promises not only excellent job prospects but also long-term career growth and stability in the dynamic finance sector.

Admission Procedure For B.Com  Accounting and Finance :

Admission to the BCom Accounting and Finance course is granted on the basis of merit or entrance exam which is followed by counseling. While apply for admission in BCom Accounting and Finance course, the aspirants need to focus on these steps:

• Candidates can apply through online or offline mode respectively.
  
• Candidates are required to visit the official website of the college or university where they want to apply and are required to register themselves. They must fill up the admission form.
  
• The candidates should submit the application form after filling all required details, before the deadlines.
  
• Then they are required to upload the documents and pay for the application form.
  
• The candidates must then take a print out of the application form for further reference.
  
• Appear for the entrance exam and score well.
  
• If qualified then they must appear for the counselling round.
  
• The candidates must carry their documents at the time of admission.
  
• All the students must bring their credentials (both original and copy) during the admission.
  
• Some colleges offer direct admission to the course on the basis of merit and personal interview.
  

Eligibility For B.Com Accounting and Finance:

• Completion of 10+2 or its equivalent exam in commerce stream.
  
• The minimum marks scored by the candidates should be 55%.
  
• The candidate must meet the minimum cut-off criteria of the particular college for admission to which you applied to.
  
• The minimum cut-off marks criteria may be different in each university as it is subject to the university’s own admission criteria for that year.
  
• There are some colleges which conduct entrance exams; the candidate must clear that particular entrance examination.
  

Career Opportunities for B.Com Accounting and Finance:

The B.Com (Accounting and Finance) graduates can seek various job roles like Market Analyst, Business Analyst, Accountant, Financial Analyst, Tax Consultant, or Banking Professional, Investment Banker etc and in sectors like Education, Banking, Investment Banking, Auditing etc.

The starting salary of B.Com graduates with a specialization in Accounting and Finance in India is in the range of Rs 3 lakh to Rs 8 lakh per annum with an average salary of 5.3 lakh annually.

Jobs Opportunities After B.Com Accounting and Finance:

• Accountant
  
• Account Executive
  
• Business Executive
  
• Financial Analyst
  
• Tax Consultant
  
• Tax Consultant
  
• Accounts Manager
  
• Business Consultant
  
• Finance Manager
  
• Financial Analyst

Top Recruiters of B.Com  Accounting and Finance:

• LIC
  
• New India Assurance
  
• Bajaj Allianz
  
• United India Insurance
  
• HDFC Life
  
• ICICI Prudential
  
• Kotak Life
  
• Max Bupa
  

Syllabus For B.Com  Accounting and Finance:

Semester I

Financial Accounting
Business Environment
Principles of Management
Business Mathematics
Business Communication
Indian Financial System

Semester II

Business Statistics
Principles of Finance
Business Law
Office Management
Regional Language
Modern Indian Language

Semester III

Corporate Accounting
Financial Management
Working Capital Management
Financial Services
Business Regulatory Framework
Business Ethics

Semester IV

Advanced Financial Accounting
Corporate Law
Marketing Management
Financial Analysis and Business Valuation
Environmental Studies
Elective Subject

Semester V

Management Accounting
Income Tax Law and Practice
Portfolio Management
Capital Markets
Financial Planning and Forecasting
Elective Subject

Semester VI

Auditing
Advanced Cost Accounting
Financial Market and Institutions
Research Project
Extension Activities
Elective Subject