BCom Accounting and Finance Course in India

BCom Accounting and Finance is a three-year full-time undergraduate course specializing in accountancy and finance. Students who want to know how to become an accountant can opt for this accountant study. This course teaches the technicality of finance and accounting standards through various accounting and finance subjects. The students who want to pursue this course need to qualify for their 10+2 examinations with a minimum 50% score.

Numerous colleges and universities offer Bachelor of Accounting and Finance to candidates looking to qualify as accountants in India. A few colleges provide admissions based on merits, and some colleges conduct entrance examinations. The students who qualify for entrance examinations conducted by the universities and colleges are provided admission and can study for an accountant’s career.

Those pursuing BCom Accounting and Finance get ample opportunities in their career phases. Also, students graduating from this course are eligible to work in job sectors like Banks, excise departments, business analysis, stock exchange, etc, as this is a valid qualification for accountants in India.

BCom Accounting and Finance Highlights

Numerous colleges and universities in India offer the graduation course of B.Com in accounting and finance. It is one of the best courses for candidates from a commerce background who want to pursue their career in the same field. The opportunity of learning about technical skills regarding finance and accounts is the main benefit of pursuing B.Com accounting and finance subjects.

The highlights of BCom accounting and finance are given below:

Course	BCom (Accounting and Finance)
Full form	Bachelor of Commerce in Accounting and Finance
Duration	3 years
Eligibility	10+2 examinations qualified from commerce background from any recognized board.
Level	Undergraduate
Average tuition fee	Rs. 2000 to 4 Lakhs
Admission Process	Merit-based or entrance exam conducted by the university
Average Salary	Rs. 1 to 10 Lakhs

Skills Required for BCom Accounting and Finance

A Bachelor of Commerce (BCom) in Accounting and Finance is a gateway to a promising career in the financial world. It’s a robust qualification for aspiring accountants in India, providing a strong foundation in financial principles and practices. However, succeeding in this course requires more than just interest it demands a particular set of skills. Let’s explore the key skills that can set students apart in this dynamic field:

• Good at Mathematics: Mathematics forms the backbone of accounting and finance. While you don’t need to be a math prodigy, a solid grasp of basic mathematical concepts is essential. Being comfortable with numbers, calculations, and data interpretation will help you tackle the quantitative aspects of the course with confidence.
• Critical thinking: The ability to analyze situations logically and make informed decisions is invaluable. BCom in Accounting and Finance involves not just learning theories but applying them in real-world scenarios. Critical thinking enables students to solve complex problems, assess risks, and make strategic financial decisions efficiently.
• Creativity: Creativity may seem unconventional in accounting, but it plays a crucial role in devising innovative financial strategies and solutions. Creative thinking helps in approaching problems from unique angles, improving processes, and finding new ways to add value to financial operations.
• Great Grasping Power: The course covers an extensive syllabus over three years, from financial reporting to corporate finance. Students with strong grasping power can absorb and retain large volumes of information, making it easier to excel in exams and practical applications. This skill also enhances their ability to quickly adapt to new financial regulations and technologies.
• Listening actively: Active listening is pivotal in understanding complex financial concepts and instructions. In a field where details matter, being an attentive listener helps students fully comprehend lectures, engage in discussions, and extract key insights from financial data. This skill ensures that they don’t miss out on critical information that could impact their learning and future career.

Subjects and Syllabus for BCom Accounting and Finance

To pursue this course, the candidates must be aware of the subjects and syllabus included in this study for accountant. The students must apply to the top universities or colleges in India to pursue bachelor in accounting and finance to get great placement opportunities after the course’s completion.

Many of these top colleges and universities conduct entrance exams to provide admissions to qualified candidates. The subjects and syllabus of all the years of BCom accounting and finance are provided below:

Year 1	Year 2	Year 3
Financial Accounting	Corporate accounting	Business Finance
Business Organisation	Business Statistics	Auditing
Business Economics	Commercial law	Income tax
–	Banking theory	Cost accounting
–	Business environment	Accounting for managerial decisions
–	Environmental studies

Candidates pursuing a BCom in Accounting and Finance should understand that this qualification combines both theoretical and practical knowledge. Mastering these areas is essential, as it allows students to apply their learning effectively when recruited by leading companies. Recruitment is often based on a candidate’s ability to use their knowledge to benefit the organization, making it crucial to grasp key concepts quickly.

The course covers subjects critical to business analysis and the banking sector. Students need to have a strong command of numerical concepts, as financial roles require precision and attention to detail. Business-related knowledge and practices are at the core of the curriculum, emphasizing the importance of understanding how businesses operate financially.

For students with an interest in numbers, statistical analysis, and finance, pursuing a BCom in Accounting and Finance is a great fit. It provides the foundational skills and knowledge necessary for success in the accounting and finance fields.

Suggested Read: BBA vs BCom

Entrance Exams

Many prestigious colleges and universities across India offer a Bachelor’s degree in Accounting and Finance. While some institutions grant admission based on merit, others require students to clear an entrance exam. These entrance exams are a gateway to securing a spot in top universities. Below are some of the prominent entrance exams:

• DU JAT: The Delhi University Joint Admission Test (DU JAT) is conducted for admission to various undergraduate courses in Delhi University. The exam is held online, and students who qualify are granted admission to their desired courses in participating colleges.
• SET: The Symbiosis Entrance Test (SET) is organized by Symbiosis International University to admit students to a variety of undergraduate courses. Conducted on a national level, SET offers an excellent opportunity for candidates to join one of India’s leading educational institutions.
• IPU CET: Guru Gobind Singh Indraprastha University (IPU) conducts the Common Entrance Test (IPU CET) for admission to various undergraduate and postgraduate programs. This university-level exam is available online and is accepted by a number of affiliated colleges.
• MHT CET: The Maharashtra Common Entrance Test (MHT CET) is a state-level examination for students seeking admission to undergraduate courses in Maharashtra. The exam is conducted online and is valid for all universities and colleges in the state.

Key Sections of Entrance Exams

Most of the entrance exams for BCom in Accounting and Finance share common sections, including:

• Quantitative Analysis
• Logical Reasoning
• English Proficiency
• General Awareness (with a focus on finance and banking)

Preparation Tips for Success

To ace these entrance exams, candidates need to develop a clear strategy and focus on the key areas. Here are some effective preparation tips:

1. Logical Reasoning

Practice makes perfect! Solve mock tests regularly and ensure you understand the basic concepts in logical reasoning. This will help you tackle the questions quickly and accurately during the exam.

2. Quantitative Aptitude

Mastering the fundamental concepts is crucial for success in the quantitative aptitude section. Understanding these concepts will allow you to solve questions faster, ensuring maximum accuracy.

3. General Awareness

Stay updated with current affairs, especially in the finance and banking sectors. Reading newspapers and following news on key global issues will help you answer questions related to general awareness with ease. Don’t forget to review basic static GK questions regularly.

4. English Proficiency

To excel in the English section, focus on grammar and vocabulary. Reading journals and editorials daily will sharpen your language skills. Additionally, solving daily mock tests will improve your ability to manage this section effectively.

5. Speed and Accuracy

Speed and accuracy are critical for success in these exams. While answering questions, ensure you maintain a balance between quick responses and careful evaluation. Aim for maximum accuracy without rushing through the questions.

6. Be Mindful of Negative Marking

Most entrance exams penalize incorrect answers with negative marking. Therefore, only attempt a question if you’re confident in your answer. Avoid guessing to prevent unnecessary deductions from your score.

Related read: Career after Bcom

Top Colleges

Most of the colleges and universities in India offer great courses for commerce background students. Bachelor in accounting and finance is one of them.

But there are a few colleges which are regarded better than the others. These colleges are listed below:

College/ University	Course Fee Structure	Average Starting Salary (in lakhs)
Narsee Monjee College of Commerce & Economics, Mumbai	Rs. 4,941	Rs. 4 Lakhs
Lovely Professional University, Punjab	Rs. 9,52,000	Rs. 5 Lakhs
Jain University, Bangalore	Rs. 1,20,000	Rs. 4.5 Lakhs
Christ University, Bangalore	Rs. 75,000	Rs. 6.85 Lakhs
Pandit Deendayal Petroleum University, Gandhi Nagar	Rs. 2,49,000	Rs. 7.02 Lakhs
Stella Maris College, Chennai	Rs. 29,645	Rs. 4.2 Lakhs
Ethiraj College for Women, Chennai	Rs. 76,000	Rs. 3 Lakhs
Chandigarh University, Chandigarh	Rs. 96,000	Rs. 6 Lakhs
NIMS University, Rajasthan	Rs. 12,000	Rs. 4 Lakhs
St. Andrew’s College of Arts Science & Commerce, Mumbai	Rs. 18,087	Rs. 5-10 Lakhs

Jobs after Bcom Finance

A BCom in Accounting and Finance offers a wide array of career opportunities for graduates. Those who excel in their studies and graduate with strong academic records often find themselves with placement opportunities in top-tier companies. Many of the leading colleges in India not only offer quality education but also provide valuable internships and placement programs that help bridge the gap between academic learning and real-world application.

Graduates with a BCom in Accounting and Finance can pursue a variety of roles such as accountants, financial analysts, investment bankers, tax consultants, auditors, risk managers, corporate finance executives, and professionals in the banking sector. Each of these roles provides a unique opportunity to engage with different aspects of finance and accounting, offering stability and growth.

Moreover, graduates who wish to further specialize in their field can opt for advanced studies such as Chartered Accountancy (CA), Company Secretary (CS), Cost Management Accounting (CMA), or an MBA. These higher qualifications can enhance career prospects, open doors to senior roles, and offer better earning potential. With the right combination of knowledge, skills, and determination, a BCom in Accounting and Finance lays a strong foundation for a prosperous and rewarding career.

Job	Job Profile	Average Salary (Annual)
Financial analyst	To track its financial status, the companies hire a financial analyst to check its finances. They also have the job of making forecasts regarding finance and making changes accordingly.	Rs. 5- 7 lakhs
Accountant	An accountant is responsible for making lists and tables regarding the company’s financial records.	Rs. 2 lakhs
Accounts Assistant	Reconciling the finance accounts, controlling credits, managing spreadsheets, working with the accounts team, and managing the company’s financial data are a few responsibilities an account assistant has.	Rs. 2- 4 lakhs
Banker	The students who graduate from this course can apply for public sector banks’ post of Probationary Officer (PO). This consists of recruitment exams, and they should be qualified to get recruited. Being allotted in the different branches of the bank, a banker has the responsibility to manage the public dealings of the bank and deal with the loans section.	Rs. 2- 3 Lakhs
Money Manager	A company’s money manager is responsible for taking care of the company’s funds and other investment commodities.	Rs. 7- 9 Lakhs

Frequently Asked Questions