Diploma in Accounting Finance is a one year programme providing knowledge and practical skills in various topics of Finance and Accounting. It provides skills for Finance management, financial data preparation and analysis.
Students who have passed 10+2 (Maths and English) with a minimum of 50%aggregate marks are eligible for a Diploma in Accounting and Finance The average fee for a Diploma in Accounting and Finance is INR 3000 to INR 20000.
Diploma in Accounting and Finance graduates find jobs as Clerk, Junior Accountant, Financial advisor and many more with average salary in the range of INR 2 LPA to INR 5 LPA.
- Diploma in Accounting and Finance Course Highlights
- Why study Diploma in Accounting and Finance?
- Diploma in Accounting and Finance Eligibility Criteria
- Diploma in Accounting and Finance Colleges in India
- Diploma in Accounting and Finance Syllabus
- Diploma in Accounting and Finance Admission Process 2025
- Diploma in Accounting and Finance Jobs and Salary
- Diploma in Accounting and Finance Career Paths
- Diploma in Accounting and Finance FAQs
Diploma in Accounting and Finance Course Highlights
A Diploma in Accounting and Finance enables the student to get practical skills and knowledge about Finance management and accounting skills required for financial record management and consulting in economic matters.
Particulars | Details |
Program Name | Diploma in Accounting and Finance |
Duration | 1 year |
Eligibility | 10+2: 50% aggregate marks with Maths and English as subjects |
Colleges | Indian Institute of Skill Development and Training, IGNOU, Annamalai University, Institute of Professional Accountants |
Admission | Direct Admission based on merit |
Fees | INR 3000 to INR 20000 |
Average Salary | INR 2 LPA to INR 5 LPA for freshers |
Recruitment Sectors | Finance, Auditing and Accounting, Banking, Insurance and many more. |
Why study Diploma in Accounting and Finance?
A Diploma in Accounting and Finance leads to vast opportunities in sectors like Finance, Banking, Insurance and many more. Diploma in Accounting and Finance passouts get jobs as Finance executive, Bank clerk, Internal audit associate, Junior Accountant with an average salary of INR 2 LPA to INR 5 LPA that increases with experience.
Diploma in Accounting and Finance Eligibility Criteria
The Eligibility criteria for Diploma in Accounting and Finance consist of :
- 50% aggregate or more in 10+2 with Maths as a subject.
- Proficiency in the English language is preferred.
Diploma in Accounting and Finance Colleges in India
Diploma in Accounting and Finance is offered as an online course or distance education mostly. The details of some of the well-known colleges offering Diploma in Accounting and Finance are as follows:
College Name | Eligibility | Annual Fees | Admission Criteria | Accreditation |
Indian Institute of Skill Development Training | 50% or more in aggregate in 10+2 | INR 7000 | Merit Based | ISO-certified and Government registered |
IGNOU: Indira Gandhi National Open University | 50% or more in aggregate in 10+2 | INR 10,000 | Merit Based | NIRF 1 (Open University Ranking)
NAAC: A++ |
Annamalai University | Cleared 10+2 | INR 3800 | Merit based | NAAC: A+ |
Institute of Professional Accountants | Cleared 10+2 | - | Merit based | ISO Certified |
All India Council for Vocational and Paramedical Science | Passed 10+2 | INR 23500 | Merit based | ISO Certified |
Diploma in Accounting and Finance Syllabus
The Syllabus for the Diploma in Accounting and Finance is similar for all institutes but might have minor variations. The syllabus of the Indian Institute of Skill Development and Training is as follows:
Subject | Topics |
Introduction to Accounting | Concept of Accounting, Scope of accounting, Basic accounting terminologies, Non-Current Assets, Non-Current Liabilities, Accounting Concepts, Accounting Standards, Cash Book, Ledger, Trial balance, Depreciation, Cash account, Bank Reconciliation Statement format. |
Tally ERP 9.0 | Package Content, System Requirements, Installing Tally.ERP 9 Silver, Installing Tally.ERP 9 Gold, Installing Tally.ERP 9 Auditors’ Edition, Installing Tally.ERP 9 for Rental License, Installing Tally.ERP 9 in Silent Mode, Launching Tally.ERP 9, Activating Tally.ERP 9 Single Site, Activating Tally.ERP 9 Multi Site. |
Commercial & Industrial Law | History of Company Law, History of English Companies, History of Company Law, Development of Company Law in Nigeria, Main Contents- Evolution and Development, Early Forms of Commercial Associations, Boroughs And Guilds, Merchant Adventurers, Companies and Incorporation, Events leading to the Bubble act. |
Preparation of Balance sheet, P&L | Steps in the Process of Finalization of Accounts, For Trading Concerns, For Manufacturing and Trading Concerns, Profitability Statement, Balance Sheet, Trading Account, Profit and Loss Account, Difference between Receipts and Payments Account and Income and Expenditure Account. |
Taxation – Income Tax, GST | Introduction, Genesis, Salient Features of GST, GST and Centre-State Financial Relations, Amendment of the Constitution and Other Legislative Requirements, Model GST Law, IT preparedness, Training and Workshops. |
Audit Practice | Introduction -an overview of auditing, Origin and evolution, Definition, Salient features, Scope of auditing, Principles of auditing, Objects of audit, Detection and prevention of fraud, Advantages of audit, Limitations of audit, Let us sum up. |
Diploma in Accounting and Finance Admission Process 2025
The Admission process for a Diploma in Accounting and Finance at IGNOU consists of the following steps:
Step 1: Register for the course by writing the required credentials, followed by choosing a username and password.
Step 2: On registration, one can log in with the username and password.
Step 3: After logging in, fill out the admission form with the accurate details.
Step 4: Upload the required documents such as Photograph, Signature, etc.
Step 5: The registration fees should be paid by Credit Card, Debit card and Net Banking.
Step 6: Save/ Print the form for future reference.
Diploma in Accounting and Finance Jobs and Salary
There are many job opportunities after Diploma in Accounting and Finance in government and private sectors such as Finance, Auditing and Accounting, Banking, and Insurance. There is a high demand in industries for individuals with skills in the management of financial records and data.
Job Role | Description | Expected Salary (INR) |
Accountant | Managing financial records and balancing datasheets | 2-3.5 LPA |
Financial Analyst | Analyses financial data and prepares reports and offers financial insights | 3-5 LPA |
Bookkeeper | Notes daily financial transactions, sales and purchases, and helps the accountants | 1.5-2.5 LPA |
Financial Counselor (Hospital) | Quality control for inpatient cases and out patient surgery | 2.4-3.6 LPA |
Food and Beverage Controller (Hotel) | Manages costs and sales of restaurant food and Beverage operations. | 5-8 LPA |
Diploma in Accounting and Finance Career Paths
- After a Diploma in Accounting and Finance, one can pursue higher degrees like B.Com - Bachelor in Commerce and M.Com- Master in Commerce.
- One can also prepare for Chartered Accountant examinations.
Diploma in Accounting and Finance FAQs
Is a Diploma in Accounting and Finance worth it?
Yes, it is worth it. As the field of Accounting and Finance is booming there is a high demand for employees in Accounting and Finance. This course helps one develop the skills necessary to kickstart a career in Accounting and Finance.
What is the difference between a Diploma and a PG Diploma in Accounting and Finance?
Diploma in Accounting and Finance is an undergraduate course pursued after 10+2, while a PG diploma in Accounting and Finance is a postgraduate course that can be pursued only after Bachelors.
Is Diploma in Accounting and Finance available as an online course?
Yes, a Diploma in Accounting and Finance can be pursued online or as a distance education course. The course can be pursued online from the Indian Institute of Skill Development and Training, IGNOU and many more.
