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.
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 |
|
Average Course Fee |
Rs. 90,000 to 5 lacs |
Job Opportunities |
|
Average Starting Salary |
Rs. 2 to 3 lacs |
Top Recruiting Companies |
|
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.
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.
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 |
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 –
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.
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:
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.