For admission to the course, the candidate needs to have passed the Higher Secondary School Certificate (10+2) examination with commerce subjects such as Accounts, Math and Economics. The average tuition fee charged in India for this 3- year long course ranges between INR 90,000 and 5 Lacs.
Admission to the course is based on the student’s performance in a relevant entrance tests like AIMA, SET, IPU CET, Goenka Aptitude Test etc.
|Bachelor of Commerce in West Bengal||Bachelor of Commerce in Maharashtra||Bachelor of Commerce in Tamil Nadu||Bachelor of Commerce in Karnataka|
Successful graduates of the course are hired in capacities such as Chief Accounting Officer, Accounting Firm Partner, Finance Director, Audit Manager etc., in industries such as Banks, Marketing Organizations, Educational Institutes, Business Consultancies, Multinational Companies, Financial Organizations and Export Companies. The initial average salary offered in India to such graduates ranges between INR 2 and 3 lacs.
Organizations such as Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd) hire such graduates.
Listed below are some of the major highlights of the course.
|Examination Type||Semester System|
|Eligibility||10+2 with science subjects|
|Admission Process||Based on counselling after clearing a relevant entrance test.|
|Course Fee||INR 90,000 to 5 lacs|
|Average Starting Salary||INR 2 to 3 lacs|
|Top Recruiting Companies||Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd)|
|Job Positions||Chief Accounting Officer, Accounting Firm Partner, Finance Director, Audit Manager|
The course aims to offer to enrolled students a theoretical understanding of how accounting principles work within a business context, by means of practical experience dispensed through internships.
The course combines the fundamentals of a business program with concentrated coursework in accounting.
The course attempts eligible candidates with sufficient knowledge and skills in accounting and finance- the two important factors in any business and business corporation. The course prepares individuals for positions in Finance, Tax or Management Accounting and Auditing, and for the new CPA (Chartered Professional Accountant) designation. The program offers a number of electives and a work experience component.
Listed below are some of the top institutes offering the course in the country with the corresponding locations and fees charged by each:
|Name of Institute||City||Average Annual Fees|
|Vivekanand Global University||Jaipur||INR 82,500 (course)|
|Lovely Professional University||Jalandhar||INR 60,000 (course)|
|Bharath University||Chennai||INR 50,000 (course)|
|Jai Hind College||Mumbai||INR 4,500 (course)|
|DAV College||Chandigarh||INR 23,000 (course)|
To apply for the course, the candidate needs to have cleared the class XII examination with English as one of the main subjects with a minimum aggregate score of 50%. Candidates with an academic background in any of Science, Commerce And Arts streams are eligible to apply for this course.
|Bachelor of Commerce in Rajasthan||Bachelor of Commerce in Gujarat||Bachelor of Commerce in Kerala||Bachelor of Commerce in Assam|
Admission to the program is mostly based on the candidate’s performance at the 10+2 level, and often, in a relevant entrance exam conducted at the level of universities. This is followed by a round of group discussion and personal interview.
Some of the universities which conduct such entrance tests are:
A semester- wise breakup of the course’s curriculum is tabulated below.
|Financial Accounting- I|
|General English 2|
|Fundamentals of Mathematics & Statistics|
|Financial Accounting – II|
|Business Economics – II|
|Cost Accounting – I|
|Cost Accounting – II|
|Income Tax Law & Practice|
|Information Technology & Accounting (Lab Based)|
|Advanced Corporate Accounting|
|Business Research Methods|
|Financial Market Operations|
|Corporate Tax Law & Practice|
|Business Communication – II|
|Value, Ethics & Governance|
|Summer Training Report|
|Management Information System|
|Project Report – Viva Voce|
|Elective Courses: Any Four Courses from the followings:-|
|Advanced Financial Management|
|Advanced Performance Management|
|Advanced Audit & Assurance|
|Principles of Marketing|
|Banking & Insurance|
|Human Resource Management|
|Computerized Accounting (Lab- based)|
Upon successful completion of the course, graduates are skilled in specializations like Basic Principles of Accountancy, Cost Accounting and Management Accounting.
They can find lucrative work opportunities in a range of areas such as financial service, banking, business industry, management, entrepreneurial venture, law, hotel management and government services.
Some of the popular professional avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Accounting Clerk||They perform accounting and clerical functions to support supervisors, record business transactions and key daily worksheets to the general ledger system. They input type vouchers, invoices, checks, account statements, reports, and other records, and work with adding machines, calculators, databases and bank accounts.||2,07,756|
|Auditing Clerk.||Auditing Clerks work in conjunction with accounting and bookkeeping clerks in order to manage accurate financial records for large and small businesses. They are responsible for verifying the accuracy of financial records and catching mistakes made by other clerks or employees.||2.5 Lacs|
|Accounting Associate||They assist Accountants and Auditors with bookkeeping, clerical duties, and managing accounts. They resolve outstanding payments through communication with departments, vendors, and clients. They process, record, and pay invoices, bills, and other transactions.||2.3 Lacs|
|Directors (Accounts)||To an Account Director, the Account Supervisor and Account Executives look for support, guidance, and counselling. They are responsible for the overall growth and development of accounts in the group.||10 Lacs|
|Accountant||They prepare asset, liability, and capital account entries by compiling and analyzing account information. They document financial transactions by entering account information, and recommends financial actions by analyzing accounting options.||2.4 Lacs|
|Accounts Receivable Clerk.||They post customer payments by recording cash, checks, and credit card transactions, post revenues by verifying and entering transactions form lock box and local deposits, and update receivables by totaling unpaid invoices. They maintain records by microfilming invoices, debits, and credits.||2.3 Lacs|
|Bookkeeper||They develop systems to account for financial transactions by establishing a chart of accounts, defining bookkeeping policies and procedures. They maintain subsidiary accounts by verifying, allocating, and posting transactions, and balance subsidiary accounts by reconciling entries||4.5 Lacs|
|Chief Accounting Officer||Chief accounting officers (CAOs) are in charge of the entire accounting department of their institution. They are responsible for their company's accounting operations and financial reporting functions. They oversee accounting and administrative staff.||3.3 Lacs|
|Accounting Firm Partner||They are professionally trained individuals who apply their expert knowledge of accounting and auditing to determine the financial status of an organization. Effective implementation of audit responsibilities helps in reflecting the transparency of the accounting transactions, thus helping in building the reputation of the organization.||1.2 Lacs|
|Audit Manager||The Audit Manager is responsible for organizing and overseeing internal audits in accordance with the annual audit plan, often managing a team of auditors.||1 Lakh|
|Forensic Accounting||Forensic Accountants possess specialized accounting skills. They utilize investigative, auditing, and accounting skills to analyze an organization's financial statements while investigating fraud.||27,000|