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

  • STREAM

    COMMERCE

  • DURATION

    3 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Graduation

Updated On - December 21st 2017

Bachelor of Commerce [B.Com.] in Financial Accounting Top Colleges, Syllabus, Scope and Salary

B.Com Financial Accounting is a under graduate commerce course that last for the duration of 3 years. The candidates who are willing to take this course  must possess minimum eligibility by obtaining 55% in their 10+2 as  commerce as major discipline or any equivalent. 

Some of the institutions that provide this course Bachelor of commerce [B.Com.] in Financial Accounting are:

The average course fee charged for this course is between INR 1 to 3 lac for the span of 3 years.

Admission process of this course is carried out based on the candidate’s performance in their high school exams. Some institutes may include their entrance exam score. Those entrance tests may include various quantitative tests.

    The candidates must have good grounding in financial analysis, creative thinking and should possess good communicative and interpersonal skills. The candidate must also have some knowledge in corporative systems and be aware of all the tax and other financial laws regulating in their industry.

    The candidates can also get employed in areas likeEducational institutes, Banking sectors, Financial agencies, audit offices, stock exchanges, etc. They also provide different job types like Accounts assistant, Business assist, Marketing analyst, financial analyst, security analyst, etc.

    B.Com Financial Accounting: Highlights Table

    Course LevelUndergraduate graduate
    Duration of the Course3 years
    Examination TypeSemester
    Eligibility12th completion
    Admission ProcessEntrance exam based (May also look at graduation percentage) / Merit Based
    Course FeeBetween INR 2 lac to 5 lac
    Average Starting SalaryRs.15000 to 3 lac
    Top Recruiting CompaniesEducational institutes, Banking sectors, Financial agencies, audit offices, stock exchanges, etc.
    Job PositionsAccounts assistant, Business assist, Marketing analyst, financial analyst, security analyst, Operations Manager, corporate analyst, etc.

    B.Com Financial Accounting: What is it about?

    This course lies under commerce domain. Financial accountancy is a field of accountancy concerned with thee preparation of financial statements for decision makers, like stakeholders, suppliers, banks, government agencies, owners and other stakeholders. This course is fully career oriented in nature.

    This course will benefit the candidates with the career options like becoming the finance controller, treasurer, finance officer, credit and cash manager, risk manager etc. this also help in maintaining and understanding the treasury of the company or the organization. The good experienced candidates form this field has higher demand from international market, and can also start with their own financial consultancies.

    B.Com Financial Accounting: Top Institutions Table

    Name of the InstituteLocationAverage Course Fee (in INR)
    Lovely Professional UniversityJalandhar2.9 lac
    Institute of Technology and ManagementDehradun2 lac
    Indian Institute of Business Management and Studies (IIBMS)Borivali West, Mumbai40.8 k
    Lovely Professional University, Admission OfficeConnaught Place, Delhi3.9 lac
    Birla Global UniversityBhubaneswar3.6 lac
    Oxford Software Institute, South ExtensionSouth Ex 1, Delhi25 k
    Laqshya Institute of Skills TrainingMira Road, Mumbai22 k
    Asia-Pacific Institute of Management (Delhi)Jasola Vihar, Delhi8.9 lac
    Laqshya Institute of Skills Training, ChinchwadChinchwad, Pune28 k
    Laqshya Institute of Skills TrainingAndheri West, Mumbai22 k
    Times and Trends AcademyBhandarkar Rd, Pune45 k
    Laqshya Institute of Skills Training, DadarDadar West, Mumbai28 k
    The Institute of Computer AccountantsE M Bypass, Kolkata45 k
    GD Goenka UniversityGurgaon8.15 lac
    M. S. Ramaiah University of Applied SciencesM S R Nagar, Bangalore1 lac
    Annamalai UniversityTamil Nadu17 k
    EduKart.comAgra1.3lac
    Mahatma Jyoti Rao Phoole UniversityJaipur60 k
    Indian School of Business Management and AdministrationConnaught Place, Delhi20 k
    Vel Tech Dr. RR and Dr. SR Technical UniversityAvadi, Chennai1.35 lac

    B.Com Financial Accounting: Eligibility

    The candidates who have completed their higher education that is 10+2 with science as their major discipline with at last minimum aggregate marks obtained in their exams are eligible for this course. Some institutions consider the score in the entrance tests based on the subjects covered and may consider that scores also.

    B.Com Financial Accounting: Admission Process

    Admission process is carried over by considering the merit score of the student in their exams and some institutes conduct entrance exams and there would be personal interview carried by the institute that various or depends up on the institutes.

    B.Com Financial Accounting: Syllabus and Course Description Table

    Semester ISemester II
    Financial AccountingFinancial Accounting II
    Principles of ManagementBusiness Environment
    Business CommunicationBanking Services
    Managerial EconomicsIndian Economy
    Verbal abilityQuantitative Aptitude and Reasoning - I
    Semester IIISemester IV
    Advanced Company Accounts –IAdvanced Company Accounts –II
    Principles of FinanceEntrepreneurial Development
    Legal System in BusinessBusiness Taxation
    MarketingHuman Resource Management
    Business Statistics - IBusiness Statistics II
    Corporate FinanceOrganizational Behaviour
    Insurance and Risk managementBank Credit Management
    Open Elective - IOpen Elective - II
    Quantitative Aptitude and Reasoning –IICommunication Skills
    Semester VSemester VI
    Practical Cost AccountingManagement Accounting and Practices
    Income Tax Law and Practice -IIncome Tax Law and Practice -II
    Research MethodologyInternet Concepts
    Computer Applications in AccountingProject work and Viva voce
    Financial ManagementInvestment Analysis and Portfolio Management
    Customer Relationship ManagementWorking Capital Management
    Introduction to mutual fund analysisFinancial Derivatives and Risk Management
    Practical AuditingDevelopment of Small Business
    Environmental StudiesPersonality development

    B.Com Financial Accounting: Career Prospects

    On Successful completion the candidates are capable of working in the field of Educational institutes, Banking sectors, Financial agencies, audit offices, stock exchanges, etc. Where there are different kinds of job positions available like Accounts assistant, Business assist, Marketing analyst, financial analyst, security analyst, Operations Manager, corporate analyst, operation Manager, securities analyst, investment analyst, seni0r accountant etc.

    Bachelor of Commerce [B.Com.] in Financial Accounting annual salary
    Job ProfileJob DescriptionAverage Salary (in INR)
    Business assistWho help in assisting all the business details to the clients and organization20,000 – 40,000
    Security analystAnalyst who is capable of analyzing all the capacity and value of the security assurances of the client20,000 – 40,000
    Financial AnalystWho analyze the financial status and both income and expenditure of the organization and maintains all the report documents40,000 – 50,000
    Market AnalystWho is capable of analyzing all the market trends and financial up and downs for business performance50,000 – 60,000
    AccountantWho can manage all the financial accounts for an individual or for an organization40,000 -60,000