B.Sc. in Accountancy is a 3- year full- time course divided into 6 semesters, with each semester lasting a period of 6 months. Accountancy is concerned with the provision and analysis of information for a variety of purposes. These include regulation, resource allocation, and a range of other decision- making tasks, both within and outside of an organization.
Finance addresses the ways in which money is raised and distributed over time, including the measurement and management of risk, the valuation of financial assets, and the operations of capital makers and their relationships with government, financial institutions and businesses.
These subjects are informed by a range of perspectives including those from Economics, Mathematics, Behavioural And Political Science, Psychology and Sociology. B.Sc. accountancy offers eligible candidates a thorough working knowledge of accounting and finance theory and methods in the context of social science.
Students are taught to prepare and interpret financial and managerial information for a variety of users, as well as acquire an understanding of the theory and practices of investment and finance. The process of recording and summarising financial transactions is known as 'bookkeeping'.
When the data is produced in reports for the use of individuals or companies outside the organisation, the process is called 'financial accounting'. It refers to the process of measuring, summarising, and communicating the financial information produced by bookkeeping to classify and explain account information to relevant parties such as shareholders and managers.
The use of this information also makes it possible to forecast future financial developments, analyse different areas of the business and evaluate business potential.
The average annual course fee in India ranges between INR 2,000 and 4 lakhs, depending upon the institute offering the course. The average annual starting salary offered in India to successful postgraduates of the course ranges between INR 3 and 10 lakhs, depending upon the candidate’s expertise in the field.
Listed below are some of the major highlights of the course.
|Course Level||Under Graduate|
|Examination Type||Semester System|
|Admission Process||Based on 10+2 marks|
|Course Fee||INR 2,000 to 4,00,000|
|Average Starting Salary||INR 3,00,000 to 10,00,000|
The programme is ideal for those eligible candidates who wish to pursue a career in accountancy, consulting or in financial services. Graduates of the course are equipped to use accounting statements and financial information to aid in decision-making. The course covers theory and practices involved in financial accounting, working capital management, risk management, business valuation, mergers and acquisitions which are all of primary concern to a Corporate Manager.
The course is designed to build in eligible candidates a strong foundation in accounting and finance, particularly for those who wish to pursue a professional accountancy qualification or academic study in related areas after graduation. The creation of these reports typically occurs, monthly and is used for internal planning and decision-making. This is known as 'management Accounting'.
The aim is to provide managers with reliable information regarding the costs of operations and on standards with which those costs can be compared in order to assist with budgeting.
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 NAME||CITY/STATE||AVERAGE ANNUAL FEES|
|G.D. Goenka World Institute||Gurgaon||INR 60,000|
|IILM Undergraduate Business School||New Delhi||INR 90,000|
|Lovely Professional University||Delhi||INR 3,95,000|
|Lovely Professional University||Jalandhar||INR 2,37,000|
|Oriental College of Commerce And Management||Mumbai||INR 21,800|
|School of Management Studies||Lucknow||INR 75,000|
|ATM Global Business School||Delhi||INR 2,90,000|
|Mahatma Jyoti Rao Phoole University||Jaipur||INR 60,000|
|Sankara College of Science and Commerce||Coimbatore||INR 45,000|
|Tips Institute of Professional Studies||Moradabad||INR 2,000|
|Bharath University||Chennai||INR 1,50,000|
|Hemwati Nandan Bahuguna Garhwal University||Uttarkhand||INR 3,750|
|Bholaram Shibal Kharkia College||Hazaribagh||INR 4,053|
|S.S.V. College||Ghaziabad||INR 2,961|
|SIET Institute of Management||Bangalore||INR 42,000|
|Ram Lakhan Singh Yadav College||Ranchi||INR 2,121|
|Maharani Kasiswari College||Kolkata||INR 2,265|
|Vaagdevi Degree and PG College||Warangal||INR 43,000|
|AISECT University||Bhopal||INR 40,000|
Aspiring candidates need to have passed the Higher Secondary School Certificate (10+2) examination with Commerce subjects such as Accounts, Maths And Economics.
For admission to the course, aspiring candidates register and apply.
Interested candidates may apply online by filling in the required information.
Merit Screening- Admission is based on the score obtained at the 10+2 level.
Successful graduates of the course can initially join as Trainee or Accountant. Accountants can also seek employment in various government and private sectors such as, public accounting firms, markets research, budget planning, corporations and consultancies.
Professionals in this career can also opt for teaching jobs in universities and colleges. Graduated professionals can work as freelancers in this field. They may work separately by taking assignments from small ventures for maintaining the latters’ accounts on daily or weekly basis. There are lots of job opportunities available in India as well as in foreign countries for Chartered Accountants.
Graduates of this program find employment in areas of professional accountancy, investment banking, investment analysis, management consultancy and financial management, the public sector, and have the option of pursuing further academic studies in the discipline.
If one has successfully completed the degree, then depending on the optional courses one has taken, one may be eligible for exemptions from some examinations of the professional accountancy bodies.
Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Financial Manager||Typical duties include reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts. Financial Managers also investigate ways to improve profitability, and analyse markets for business opportunities, such as expansion, mergers or acquisitions.||INR 9,56,000|
|Financial Advisors||Independent Advisers, also called Independent Financial Advisers (IFAs), research and consider all retail investment products or providers available to meet the client's needs. They must provide clients with unbiased and unrestricted advice.||INR 3,57,000|
|Financial Controllers||Financial Controllers’ duties are to manage accounting and monitor internal controls. While a controller cannot make any drastic decisions as a CFO would probably do, the Financial Controller is the individual that provides and interprets the financial information that the company's output is yielding.||INR 19,00,000|
|Chief Financial Officer||A Chief Financial Officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analysing the company's financial strengths and weaknesses and proposing corrective actions.||INR 4,36,000|
|Chartered Management Accountant||A Chartered Management Accountant assesses a company's financial records in order to determine whether a business is adhering to federal laws, achieving profitability, and maintaining workplace efficiency. They also monitor a company's asset ledgers, budget, and performance objectives.||INR 5,40,000|
A Year - wise breakup of the course’s syllabus is tabulated below.
|Principles of banking and finance|
|Principles of accounting|
|Business and management in global context|
|Core management concepts|
|Introduction to economics|
|Auditing and management|