Bachelor of Commerce [B.Com] (Accounting and Finance) - Course Overview

  • STREAM

    COMMERCE

  • DURATION

    3 YEARS

  • COURSE

    Accounting

  • COURSE TYPE

    Graduation

    Bachelor of Commerce in Accounting and Finance Top Colleges, Syllabus, Scope and Salary

    Sakshi Gupta Sakshi Gupta
    Content Curator

    B.Com. in Accounting and Finance is a 3-year full-time undergraduate course premised on the concept that accounting finds its ultimate expression in practice, and hence consequently seeks to develop application-oriented and problem solving, and analytical skills in candidates.

    The discipline is directly relevant to the needs of the accounting profession, since Financial Accounting is a system whereby an entity’s financial information is gathered, accumulated, analysed, and presented in standard formats. 

    Every economic entity normally has a goal of value maximization for its stakeholders. Towards this, Financial Accounting reports provide benchmarks for assessing the role and efficiency of the management and Board of Directors of a firm.

    These reports are generally published regularly and provide all the relevant information in a reliable and timely manner. The Annual Statements of companies, released during what is commonly known as the results season, often provide a guide to the future course and direction of equity markets.

    The Cash Flow Statement deals with the inflow and outflow of cash and cash equivalents from the business. This statement breaks down this analysis into operating activities, money investing activities and various financial activities. The most important use of this statement is that it is a barometer of the short-term viability of a company, especially its ability to pay bills.

    The average annual course fee in India ranges between INR 2,000 and 4 lacs, depending upon the institute offering the course. The average annual salary offered in India to successful postgraduates of the course ranges between INR 1 and 10 lacs, depending upon the candidate’s expertise in the field.

    B.Com. in Accounting and Finance: Course Highlights

    Given below are some of the major highlights of the course.

    Course LevelUndergraduate
    Duration3 years
    Examination TypeSemester System
    Eligibility10+2
    Admission ProcessCounselling after taking entrance examination
    Course FeeINR 2,000 to 4 lacs
    Average Starting SalaryINR 1 to 10 lacs

    B.Com. in Accounting and Finance: What is it About?

    Accounting is both the process of keeping record of financial transactions for the benefit of stakeholders, and an activity central to fund-management. Successful graduates of Accounting and Finance are lucratively employed in public sector banks, corporate banks, the insurance sector, loan and finance-based companies, trading, stock market, chartered and cost accountancy, and such.

    The course essentially aims to familiarize enrolled students with fundamental and advanced concepts in the field, and other allied areas such as financial planning, macroeconomics, economic theory, etc.

    The program also aims to develop analytical skills in students in areas such as resource management, marketing, commerce, portfolio management, and other financial sectors.

    Top Institutes offering B.Com. in Accounting and Finance

    Some of the top institutes offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.

    COLLEGE NAMECITYAVERAGE ANNUAL FEES
    Lovely professional universityDelhiINR 3,95,000
    Lovely professional universityJalandharINR 2,37,000
    Bharath universityChennaiINR 1,50,000
    Mahatma jyoti rao phoole universityJaipurINR 60,000
    Hemwati nandan bahuguna garhwal universityUttarkhandINR 3,750
    J.D. Birla universityKolkataINR 3,17,000
    School of management studiesLucknowINR 75,000
    Sankara college of science and commerceCoimbatoreINR 45,000
    ATM global business schoolDelhiINR 2,90,000
    S.S.V. collegeGhaziabadINR 2,961
    SIET institute of managementMysoreINR 42,000
    Maharani kasiswari collegeKolkataINR 2,265
    Vagdevi degree and PG collegeWarangalINR 43,000

    Eligibility for B.Com. in Accounting and Finance

    As a minimum criterion of eligibility, candidates seeking admission to the course need to have completed the 10+2 or equivalent level of education in the Commerce stream, with Accounts, Math and Economics as main subjects, and a minimum aggregate score of 50%.

    B.Com. in Accounting and Finance: Admission Process

    The admission process for the course is varied, as various institutes have their very own criteria and processes of admission. Admission to the course is often based on the candidate’s obtained merit at the 10+2 level, and sometimes, on the candidate’s performance in a relevant entrance exam, followed by a round of counselling, based on performance in which, students are admitted.

    B.Com. in Accounting and Finance: Syllabus and Course Description

    A year-wise breakup of the course’s syllabus is tabulated below.

    Year I

    Financial accounting
    Business organization
    Business economics

    Year II

    Corporate accounting
    Business statistics
    Commercial law
    Banking theory
    Business environment
    Environmental studies

    Year III

    Business finance
    Auditing
    Income tax
    Cost accounting
    Accounting for managerial decisions

    B.Com. in Accounting and Finance: Career Prospects

    The private sector, markets research, public accounting firms, budget planning, consultancies etc. recruit such graduates, while the latter may also work independently by taking assignments from small ventures for maintaining their accounts on daily or weekly basis.

    Some of the popular professional avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions.

    Bachelor of Commerce (B.Com.) in Accounting and Finance
    JOB POSITIONJOB DESCRIPTIONAVERAGE ANNUAL SALARY
    Accounts AssistantAccounts Assistants provide administrative support to accountants. They perform clerical tasks such as typing, filing, making phone calls, handling mail, and basic bookkeeping. They help the manager and also deal with customers and external agencies.INR 1,85,000
    Business AnalystThey develop technical solutions to business problems, to advance a company's sales efforts, beginning with defining, analysing, documenting, and eliciting requirements of an organization.INR 5,84,000
    Finance ManagerTheir typical duties include reviewing financial reports, monitoring accounts, maintaining reports, and preparing activity reports and financial forecasts. They also investigate ways to improve profitability, and analyse markets for business opportunities, such as expansion, mergers or acquisitions.INR 9,56,000
    CashierCashiers work in organizations such as banks, schools, shops etc. that deal with cash transactions. Their responsibilities include maintenance of accuracy, and interaction with customers on a daily basis for solving queries, handling money etc.INR 1,77,000
    Investment AnalystInvestment Analysts provide stockbrokers, managers and stock market traders with financial information, and recommendations derived from global investment data.INR 5,28,000

    Bachelor of Commerce [B.Com] (Accounting and Finance) Fee Structure in India


    1.26 K (Minimum Fee)PUBLIC COLLEGES6 L (Maximum Fee)
    65.88 K (Average Fee)
    1.57 K (Minimum Fee)PRIVATE COLLEGES2.15 L (Maximum Fee)
    64.16 K (Average Fee)

    Bachelor of Commerce [B.Com] (Accounting and Finance) Fee Structure by State


    Maharashtra

    9.55 KPUBLIC COLLEGES1.02 L
    48.42 K
    10.52 KPRIVATE COLLEGES1.13 L
    45.63 K

    Tamil Nadu

    5.7 KPUBLIC COLLEGES6 L
    1.4 L
    1.57 KPRIVATE COLLEGES2.15 L
    91.39 K

    West Bengal

    5.23 KPUBLIC COLLEGES15.95 K
    10.2 K
    14.44 KPRIVATE COLLEGES14.62 K
    14.53 K

    Kerala

    8.07 KPUBLIC COLLEGES8.07 K
    8.07 K
    54 KPRIVATE COLLEGES87.3 K
    67.57 K

    Assam

    16.62 KPUBLIC COLLEGES17.69 K
    17.16 K
    24.92 KPRIVATE COLLEGES31.45 K
    28.19 K

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