B.Com in Accounting

Eligibility Criteria : -

What is B.Com in Accounting?

B.Com in Accounting or a Bachelor of Commerce (Accounting) is an undergraduate degree in Commerce and Accountancy related subjects. The course is primarily designed to provide enrolled students with a wide range of accounting and financial understanding.

In most colleges around the country, the B.Com in Accounting is a three-year full-time programme that runs in six-month semester basis. The course is also offered through distance learning (correspondence) by some colleges/universities.

People often tend to confuse B.Com Accountancy and B.Com course;however,they both are different. The level of Bachelor of Commerce in Accounting is generally higher than the regular B.Com. B.Com Accountancy includes specialization in Accounting, whereas B.Com regular course has generally subjects. The subjects are studied in detail in B.Com in Accounting as compared to an overview study in regular B.Com programme.

The Bachelor of Commerce (Accounting) is intended to be a terminal academic course, and in some institutions, it is integrated with Search Results ICAI - The Institute of Chartered Accountants of India. Students who aspire to enrol in aprofessional course like CA or MBA after graduation prefer to join B.Com in Accounting programme.

B.Com. in Accounting - Course Highlights

 

Course 

B.Com. in Accounting

Course Level

Under Graduate

Duration of the Course

3 years

Type of Examination

Semester based system

Eligibility

10+2 from any stream (preferably Accountancy and Economics)

Admission Process

  •          Direct merit based and interview
  •       Based on Entrance test and counselling

Average Course Fee

Rs. 90,000 to 5 lacs

Job Opportunities

  •          Chief Accounting Officer
  •          Finance Director
  •          Audit Manager
  •          Accounting Firm Partner

Average Starting Salary

Rs. 2 to 3 lacs

Top Recruiting Companies

  •          Genpact
  •          Tata Consultancy Services Limited
  •          Wipro Technologies Ltd
  •          Bharat Sanchar Nigam Limited (BSNL)

 

What is B.Com in Accounting?

The B.Com in Accounting course is designed to offer enrolled students a theoretical and practical knowledge of how accounting principles work within a business environment. The student regularly garners practical experience through internships, which is made mandatory by institutes for students enrolled in the course.

B.Com in Accounting combines the fundamentals of accounting and business programme in addition to concentrated coursework in accounting. Thus, the course imparts all eligible candidates with sufficient knowledge and skills in accounting and finance. Accounting and Finance are two primary factors in any business cooperation. 

B.Com in Accounting Course Fee

The course fee for the course differs from college to college and from university to university, depending on the facilities they offer. An average tuition fee charged by institutions for three-year B.Com in Accounting course ranges between Rs. 90,000 and 5 Lacs.

Best Colleges for B.Com in Accounting

There are hundreds of institutions where you can pursue a Bachelors in Accounting from in India. However, listed below are the top institutions in India that offer the course:

Name of Institute

 

Average Annual Fee (Rs)

Location

Lovely Professional University

60,000

Jalandhar

Vivekanand Global University

82,500

Jaipur

DAV College

23,000

Chandigarh

Bharath University

50,000

Chennai

Jai Hind College

4,500

Mumbai

 

B.Com in AccountingFurther Studies and Career Prospects

A career in B.Com in Accounting offers students immense growth opportunities as demand for professional in the field is always high. Candidates willing to pursue higher studies after completion of B.Com in Accountancy can apply for Master in Business Administration (MBA).

To pursue admission in MBA, students would be required to appear for an entrance test – Common Admission Test (CAT) and Management Aptitude Test (MAT).

Students can also seek admission in Master of Commerce (M.Com) after graduating in B.Com in Accounting. M.Com is a postgraduate course that focuses on Commerce, Management, Economics and Accounting-related subjects. M.Com is a two-year full-time course, though it can also be done through distance learning (correspondence).

After pursuing higher studies, or by doing MBA or M.Com, students are presented with better and higher paying job opportunities. Based on their specialization in Accounting, candidates with M.Com degree can find employment in financial services, accounting and management division of an organization.

The B.Com in Accounting course also prepares students for Chartered Accountant (CA), Cost and Work Accountant (CWA), Company Secretary (CS).
If students want to study further, they can do join a research programme and complete their PhD in this field. Students can apply for Doctorate in Commerce (D.Com), PhD in Accounting and Finance or a Doctorate in Business Administration.

There is a host of job opportunities for B.Com in Accounting graduates. After successfully completing the course, students can be hired in capacity of –

  • Chief Accounting Officer
  • Accounting Firm Partner
  • Audit Manager
  • Accountant
  • Finance Director
  • Tax Consultant
  • Forensic Accounting

In industries including banking, educational institutes, marketing organizations, multinational companies, financial organizations, business consultancies and export companies. Students can be hired for a starting salary anywhere between Rs. 2lacs and 3 lacs.

Top Hiring Companies

  • Genpact
  • Bharat Sanchar Nigam Limited (BSNL)
  • National Small Industries Corporation Limited (NSIC)
  • Tata Consultancy Services Limited
  • Wipro Technologies Ltd
  • Heavy Engineering Corporation Limited (HEC Ltd)
  • Tata Motors
  • Nationalised Banks (SBI, Axis, ICICI, IDBI, HDFC, ABN AMRO etc.)

 

 

Admission Procedure & Exams

B.Com in Accounting Eligibility

To take admission and get enrolled in the course, a student should have passed Higher Secondary School Certificate (10+2) or its equivalent examination from a recognised education board.

Generally, institutions require candidates to have at least 60 percent in aggregate marks to get admission in the course.
Some institutions provide admission in B.Com in Accounting to students from all streams – Commerce, Science and Arts. There are a few institutions, which have restrictions and prefer students with Commerce subjects – Accounts, Economics and Mathematics only.

Admissions to the programme are generally done on merit basis. The merit is based on the marks obtained in Class12 qualifying examination. Some universities may also conduct the entrance test for admission to the programme. Besides, judging candidate’s academic knowledge, an entrance test is followed by aninterview.

The place in the interview and admission in the course thereafter is dependent on the student’s performance in the relevant entrance exam.
Some prominent universities, which conduct an entrance test for admission in B.Com in Accounting include:

  •  Guru Gobind Singh Indraprastha University, Delhi
  •  NarseeMonjee Institute of Management Studies, Mumbai
  •  Banaras Hindu University, Varanasi
  •  JamiaMiliaIslamia University, New Delhi

 

Specializations

B.Com in Accounting Specialization?

Students pursuing B.Com in Accounting course have several areas in which they can specialise. Accountancy has a variety of branches that present interesting career options for candidates. A student can specialise in any of the following domains:

1. Accountancy

Accountancy is the art to express business and financial information. In Accountancy,students are taught ways to implement and present the business accounts and statistics of the company. Through accountancy, a student learns how to track the company expense and its earnings.

2. Accounting & Taxation

The study of accounting and taxation includes the study of Indian Income Tax System (Good and Services Tax now). The course covers and helps students learn everything from Financial Accounting to Principles of Management and for Central Taxes to Value Added Taxes. The course will now be modified to educate students with the new Goods and Services Tax (GST)

3. Accounting and Finance

This specialization helps B.Com in Accounting students to understand how toimplement and present company business accounts and statistics in addition to learninghow to managecompany fund.