BCom Accounting and Finance Course

BCom Accounting and Finance is an undergraduate course of 3 years. It is the course that teaches the fundamentals of accounting and finance practices. Through this course, an individual can learn the technical skills associated with many of the procedures of financial analysis and accounting standards. 

The basic eligibility for this course is completing 10+2 or its equivalent exam in commerce/arts or science from a recognized board with a minimum 50% marks score. The minimum marks required by the colleges to offer admission in this course may vary from college to college.

Here is the description of the course BCom Accounting and Finance, what all a student should know about this course. It includes, on which areas this course focus upon, what will you get to learn and what skills can you develop after pursuing this course:

- Accounting and Finance involves the concepts of money, business and management, with an emphasis on professional careers in these areas.

- Accounting is related to information analysis for different aspects of a business, while finance surely concerns a business monetary fund.

- Accounting and Finance degrees provide you with knowledge of accountancy practices, commerce, industry and finance.

- This course will help you to develop a range of subject specific and technical skills, you also gain more general skills like numerical and quantitative skills, oral and written communication skills, entrepreneurship, ability to argue your case and negotiate and so on.

BCom Accounting and Finance Course Highlights

Accounting and Finance course, lets you flex your mathematical muscles while applying technical knowledge to business situations. Listed below are some key highlights of BCom Accounting and Finance course:

Why Opt for BCom Accounting and Finance?

Studying accounting and finance could be ideal if you enjoy math and want to apply it to business, whether that’s management, business law or economics.

- Employment opportunities: The course allows to gain employment opportunities in the various sectors of the industries. The BCom accounts and Finance graduates are hired mainly in the sector related to investment management and Banking and Financial Service Industry (BFSI) which is expected to hires over 8.4 Million people in the coming 8-10 years

- Good salary: According to payscale website the graduates from BCom accounting and Finance are expected to earn a salary of INR 492,424 per annum. On top of that they are expected to earn other perks such as bonuses, TA, DA as well as provident funds and retirement benefits. 

As mentioned the course provides the scope to work in any industry business in every sector needs someone to crunch their numbers. Abroad opportunities, cultural exchanges help in giving you a deeper understanding of the global economy as well as learning about a new place while developing language skills.

Accounting and finance play a significant role at the core of every organization. Public and private sectors like non-profit organizations, it is impossible to operate without operational finances. Nowadays, companies of all shapes and sizes are scrutinized with regard to their financial activities. It is for this reason that qualified and capable accountancy professionals are in high

Who should do BCom Accounting and Finance?

- Candidates who are interested in working within the finance sector of the economy should take up the course.

- Candidates who have interest in pursuing a career as an Audit manager should take up the course. 

- Similarly candidates who want to become a financial manager can also opt for this course.

- Candidates who have interest in working in the Banking and Financial Service Industry should take up the course. 

- Candidates who want to work in the investment management field or want to pursue a career as investment banker should take up the course. 

BCom Accounting and Finance Eligibility Criteria

The candidate should focus mainly on the eligibility criteria of the college in which they want to take admission. To get admission in the BCom Accounting and Finance course the basic eligibility criteria are mentioned below and it can be varied in different colleges and universities.

* 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.

BCom Accounting and Finance Syllabus

The detailed syllabus of BCom Accounting and Finance course that you will study during the course is mentioned below in the table year wise and the syllabus covered in the discipline may differ based on the university one chooses:

BCom Accounting and Finance Admission 2024

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.

How to Get Admission in a Good BCom Accounting and Finance College?

Every student wishes to get admission in the top most college, to get admission in the best college of BCom Accounting and Finance you should keep some important points in your mind. So here are some tips for getting into the college of your choice:

• There are two main grounds or pillars of the process of getting admission in top institutes.

• One of them is the pillar Eligibility Criteria and,

• The other is the pillar Entrance exam.

• Your percentage in post-graduation or graduation should be according to the university’s eligibility criteria.

• Be updated with the deadlines of filling the application forms through websites, newspapers and magazines.

• Practice previous year’s papers to improve your time management skills at the time of entrance exams.

• You should have the ability to study a topic in depth and so candidates’ needs to possess the required skill-set and dedication along with being extremely hard working while pursuing this course.

BCom Accounting and Finance Job Prospects and Salary

BCom Accounting and Finance graduates have a vast career opportunity in India as well as in abroad too Some of the popular job positions available for BCom Accounting and Finance graduates in today’s market are listed below:

We have Listed some of the popular job positions offered to successful graduates of the discipline along with the corresponding job descriptions and average annual salaries offered to the graduates of BCom Accounting and Finance:

Scope of BCom Accounting and Finance

The scope of BCom Accounting and Finance is very wide and after pursuing BCom Accounting and Finance course candidates can get so many best opportunities in many fields anywhere in the world. Apart from pursuing further academic courses such as MCom, MBA, CA, etc., the other scopes after this course are:

- Across public and private sectors alike, including non-profit organizations, it is impossible to operate without operational finances, so there is a wide scope in this field.

- A career in professional accountancy and finance can be incredibly fulfilling and rewarding, though must be built upon a solid educational foundation

- Any business that relies on money to get by is dependent on the services of accountancy and finance professionals.

- For these reasons that qualified and capable accountancy and finance professionals are in extremely high demand across almost every contemporary sector.

- A career in the accounting field can be incredibly fulfilling and rewarding, though must be built upon a solid educational foundation.

- Those who work as self-employed accountants, they enjoy full flexibility and the freedom to choose their own working hours and patterns.

Conclusion

A Bachelor of Commerce (B.Com.) in Accounting and Finance provides a strong foundation in the field of accounting and finance, equipping graduates with the knowledge and skills necessary for successful careers in various industries. The program typically covers a wide range of topics, including financial accounting, management accounting, taxation, auditing, and financial management. Upon completion, graduates can pursue a variety of career paths, such as working in accounting firms, financial institutions, corporations, or government agencies. They may also choose to further their education by pursuing a Master's degree or professional certifications like the Chartered Accountant (CA) or Certified Financial Analyst (CFA).