Bachelor of Commerce in Accounting and Finance is a 3-year undergraduate program that offers in-depth knowledge in areas like Accounts, Cost Accounting, Financial Management, and Taxation. It also provides a social awareness and understanding of accounting and finance in a societal context.
Those who have passed 10+2 from a commerce background with 45 - 50% marks in aggregate are eligible to apply for this course. The admissions are usually based on the merit of 10+2 scores and are followed by counselling. Institutes like Jain University take admissions based on their institute-level examination called JET (Jain Entrance Test). The total course fees range between INR 52K - 6.19 Lakhs.
The accountancy and finance graduates will be able to work for various sectors like banks, accountancy firms, insurance companies, consultancies, MNCs, etc. Some of the job roles they can apply for are Accountants, Financial Analysts, Tax Consultants, Auditors, Finance Managers, etc. The average salary they can expect as a fresher is around INR 2.29 - 8.99 LPA.
Table of Contents
- BCom Accounting and Finance Highlights Table
- What is BCom Accounting and Finance?
- Why Study BCom Accounting and Finance?
- Who should pursue BCom Accounting and Finance?
- BCom Accounting and Finance Eligibility
- BCom Accounting and Finance Entrance Exam
- BCom Accounting and Finance Colleges in India
- BCom Accounting and Finance Admission Process
- BCom Accounting and Finance Syllabus
- BCom Accounting and Finance Job Opportunities
- BCom Accounting and Finance FAQs
BCom Accounting and Finance Highlights Table
The key details of the Bachelor of Commerce Accounting and Finance are mentioned below:
What is BCom Accounting and Finance?
Bachelor of Commerce in Accounting and Finance offers a strong foundation in the principles and practices of accounts, finance, auditing, taxation, and management. It teaches the students the skills to analyse financial data, handle budgeting processes, maintain regulatory compliance, and support strategic financial decision-making.
The course prepares the students for a career in finance, which opens up doors to a variety of sectors. The course also enhances their understanding of economic trends, market dynamics, and global financial markets.
Why Study BCom Accounting and Finance?
Accounting and Finance skills are required in every single business. So this course is very versatile and can open up numerous opportunities. Here are some of the reasons why one should pursue a B.Com in Accounting and Finance:
- Career Opportunities - The course will open up a wide range of career opportunities as these skills are required in every business, from banks, accountancy firms, insurance companies, consultancies, to large corporations.
- Professional Certification - The course provides a basic foundation for those who want to prepare for professional certifications like Chartered Accountant (CA), Certified Management Accountant (CMA), or Chartered Financial Analyst (CFA).
- Higher Studies - The course helps to fulfill the eligibility requirements to pursue higher studies in MCom or MBA in Finance.
- Entrepreneurship - The course offers the ability to work with numbers, which is essential to make business plans. Entrepreneurship requires businesses to show a 5-year projection plan, which is so much easier to do for accounting and finance graduates.
Who should pursue BCom Accounting and Finance?
BCom Accounting and Finance should be pursued by those who are good with numbers and are interested in pursuing a career in accounting and finance. Some of the individuals who will be ideal for this course are as follows:
- Those interested in building a career as an accountant.
- Those interested in pursuing professional certifications like CA, CMA, CFA, etc.
BCom Accounting and Finance Eligibility
The candidates interested in applying for the BCom in Accounting and Finance course should fulfill all the basic requirements of the course. Here is the eligibility criterion for the course:
- The candidates should have passed 10+2 from a recognized board.
- Should have studied the subject combination of Accountancy, Commerce/ Business Studies, Mathematics/ Business Mathematics/ Economics/ Statistics/ Business Statistics/ Applied Mathematics.
- They should have scored a minimum aggregate of 45%-50% marks.
- A 5% relaxation is given to the reserved category candidates.
BCom Accounting and Finance Entrance Exam
The admission into the B.Com Accounting and Finance course is usually based on merit. Some institutions may conduct their own entrance examinations for admission into the course, and some institutions may consider CUET scores, which is very rare. Here are the details of the entrance examination that may be considered for admission into the BCom in Accounting and Finance.
BCom Accounting and Finance Colleges in India
Here is the list of some of the top BCom colleges that offer B.Com Accounting and Finance. The colleges in the list below are among the top BCom colleges ranked by India Today Ranking 2024:
BCom Accounting and Finance Admission Process
The admission into the B.Com Accounting and Finance course for most institutions is based on the merit of 10+2 scores, followed by counselling. Let’s consider the admission process for Jain University, Bangalore, as it is one of the top BCom institutes as per the India Today BCom ranking 2024, and it takes admissions based on the entrance examination.
Admission Procedure:
- Application - The candidates can fill out the online or offline application form as per their preference. The candidates are required to fill out all the personal and academic details, and also attach the required documents and pay the non-refundable application fee.
- Entrance Examination - The applicants will have to appear for the Jain Entrance Test (JET) on the scheduled date at the assigned centre.
- GD & PI - The candidates will be shortlisted based on the JET scores and will be called for a Group Discussion and a Personal Interview Round.
- Merit List - The final selection will be based on the overall performance of the candidates in the JET exam, GD, and PI. Based on that, Jain University will release the merit list of selected candidates on its official website.
- Reporting & Admission - The selected candidates will have to report to the institute to complete the admission formalities and document verification. They will also have to deposit the admission process or first semester fees to confirm their admission.
Documents Required:
- 10th & 12th Marksheets and Passing Certificate.
- Aadhar Card
- Passport size photograph.
BCom Accounting and Finance Syllabus
The BCom regular courses are usually of a 3-year duration, divided into 6 semesters. Here is the syllabus of B.Com Accounting and Finance offered by K.P.B. Hinduja College of Commerce.
BCom Accounting and Finance Job Opportunities
With the growing demand for financial professionals in almost every sector, the B.Com in Accounting and Finance course opens up various job opportunities in the national and international markets. Here are some of the job roles that the graduates can apply for, along with their average salary as per PayScale:
BCom Accounting and Finance FAQs
What are the benefits of studying BCom in Accounting and Finance?
Because of the broad nature of accounting and finance degrees, the course opens up job opportunities in various sectors, from banks, accountancy firms, insurance companies, consultancies, to large corporations. BCom in Accounting and Finance will open up career options in accountancy, chartered accountancy, banking, insurance brokering, financial advisor, financial trader, investment analyst, company secretary, tax advisor, etc.
What are the skills that one can learn from a B.Com Accountancy and Finance degree?
The B.Com in Accountancy and Finance course equips students with industry-relevant skills. It will provide the knowledge of accountancy practices, global business issues, tools used in accountancy, numerical & quantitative skills, communication skills, negotiation skills, etc.
What are the higher study options after a B.Com Accountancy and Finance degree?
The B.Com Accountancy and Finance degree graduates can pursue a general MCom or can continue to specialize with an MCom in Accountancy and Finance. They can shift to management and leadership by doing an MBA, or they can also doan MBA in Finance.
What is the difference between B.Com (General) and B.Com in Accountancy and Finance?
B.Com in Accountancy and Finance is a specialized program focusing on core financial subjects such as accounting, taxation, financial management, and auditing. Whereas B.Com General covers broader commerce topics with less emphasis on in-depth finance and accounting.
