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B Com Accounting and Finance : Courses, Admissions, Eligibility, Syllabus, Cost, Jobs

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  • By:CANAM Group
  • Updated On:Jul 27,2023 01:44 PM IST

The blog summarizes information about B. Com (Accounting and Finance) course starting with some details and course description. The blog also reasons out why one should choose the course and who should consider it. It further gives detailed information about the admission process, eligibility criteria, the entrance examination and tips to prepare for the course. It finally talks about the syllabus of the course over three years of study.


B.Com (Accounting and Finance) is a full-time 3-year course that is offered at the undergraduate level. This course teaches a student finance and accounting practices. The course further teaches the technical skills that are required for financial analysis and accounting standards.

To seek admission to B.Com (Accounting and Finance), the basic eligibility is 10+2 with a minimum of 50% aggregate marks. Though the cut-off percentage required to get admission to the course varies from college to college and university to university.

The admission to the above course, therefore, depends on the marks obtained in 10+2. Some colleges consider 10+2 marks along with the entrance test results and later go for personal interview etc.

The B.Com (Accounting and Finance) graduates can seek various job roles like being a Business Analyst, Market Analyst, Financial Analyst, Investment Banker etc and in sectors like Education, Banking, Investment Banking, Auditing etc.

The following table gives details about B.Com (Accounting and Finance) course highlights.

Course
B.Com (Accounting and Finance)
Full form
Bachelor of Commerce in Accounting and Finance
Duration
3 years
Eligibility
10+2
Level
Undergraduate
Admission Process
Entrance and Merit Based Followed by Interview
Top recruiting companies
EY, KPMG, Deloitte, PWC, Deloitte, Accenture, Oracle, Gartner,SBI, NABARD, PNB, CBI, etc.

B. Com (Accounting and Finance): Course Description

The following listed points will provide some course description and details for your information.
•The course focuses on the basics of money, business and management, and, sets you up for a professional career in these areas.
•The course relates to information analysis of a business while finance relates to business monetary fund.
•This degree provides information regarding accountancy practices, finance in business, commerce etc.
•The course will help you develop subject specific and technical skills. It will also help you develop your numerical and quantitative skills, written and oral communication skills etc.

Why should you go for B.Com (Accounting and Finance)?

A degree in B.Com (Accounting and Finance) will help you learn various skills and is considered as good for the following reasons:

•Employment Prospects: This course will equip you with skills that you will be employable across industries and sectors. The commerce graduates are employed by Investment Banking and Management sector, Financial Services sector etc. where some 8.4 million people will be hired over the next 8 to 10 years.

•Excellent Salaries: As per various pay-scale websites, a B.Com (Accounting and Finance) graduate can earn a median salary of
INR 5,00,000 per annum. Apart from this, they receive bonuses, TA, DA etc.

•A B.Com (Accounting and Finance) graduate can get various opportunities abroad. These opportunities not only provide cultural exchange but also help the graduates learn new language skills.

•Accounting and finances play a very significant role in every organization’s business and management be it a private, public or a non-profit organization. Every organization needs to take care of its operational finances.

•Qualified and capable accounting professionals are in high-demand these days because every organization’s financial management practices can be scrutinized.

Who should consider doing a B.Com (Accounting and Finance)?  

•A student who is interested in working in financial or financial services sector.
•A student who is interested in pursuing a career as an Audit Manager.
•A student who wishes to be a Finance Manager can also choose this degree.
•A student who wishes to be a part of Banking and Financial sector can opt for this course.
•A student who wants to work as an Investment Banker should take up this course.

B.Com (Accounting and Finance) course: Admission Process

The admission to B.Com (Accounting and Finance) course is done on the basis of merit or results of an entrance examination. These admissions generally take place during the months of May to June.

B.Com (Accounting and Finance): Eligibility Criteria

The eligibility criteria for seeking admission to B.Com (Accounting and Finance) has been listed below. The criteria can vary from college to college and university to university.

•The candidate should have passed 10+2 examinations.
•The candidate should have secured an aggregate of 55 % marks.
•The candidate should meet the minimum cut-off percentage for the college applying to. The cut-off may vary for colleges.
•Some colleges or universities conduct their entrance examination for admission to the course. Therefore, the candidate should get through these examinations.

B. Com (Accounting and Finance): Entrance Examinations

The following table lists information about various entrance examinations conducted by various colleges and universities to get admission to B.Com (Accounting and Finance) course.

Exam Name
Application Date
Exam Date
NPAT
December 01, 2022 -May 21, 2023
January 04, 2023 – May 31, 2023
SET
December 15, 2022 – April 12, 2023
May 6, 2023 (Test 1 - 11:30 AM to 12:30 PM)
May 14, 2023 (Test 2 - 11:30 AM to 12:30 PM)
MHT CET
March 2023
PCM- May 9, 10, 11, 12, 13, 2023
PCB- May 15, 16, 17, 18, 19, 20, 2023
IPU CET
March 2023 – April 2023
April 2023

Tips to prepare for B.Com (Accounting and Finance) Entrance Examination

A candidate needs to prepare for her B.Com (Accounting and Finance) entrance examination. She ought to keep in mind the following tips while preparing for the entrance exam.

•The candidate must look at the complete syllabus and chapters that are included in the entrance examination before starting preparation for the entrance examination.
•The candidate should prepare the easy chapters before moving on to the difficult chapters as they can take longer to prepare.
•The candidate should prepare for Quantitative Aptitude, Verbal Ability, Logical Reasoning, General Ability and Current Affairs.
•The candidate should buy the best of preparation material and books for optimum preparation.

B.Com (Accounting and Finance): Syllabus

The table below gives detailed information about the syllabus of B.Com (Accounting and Finance) that a candidate will study as part of her course.

Year 1
Year 2
Year 3
Financial accounting
Corporate accounting
Business finance

Business organization
Business statistics
Auditing

Business economics
Commercial law
Income tax

-
Banking theory
Cost accounting

-
Business environment
Accounting for managerial decisions

-
Environmental studies
-

A B.Com (Accounting and Finance) graduate can thus choose to opt for various career opportunities that completion of the course provides her with. These graduate are highly employable and in high-demand across commercial and business sectors.

FAQ

You can opt for MBA, Chartered Accountancy, Company Secretary, M.Com, Business Accountancy and Taxation, Certified Management Accountancy, Financial Risk Management etc.

You can opt for a M.Com with specialization in Accounting and Finance or you may also go for a Post Graduate Diploma in Banking.

Yes, this course is good for future CAs.

Both courses are good for a wide career scope.

Adding a professional certificate like PGDM or qualification like CS, CA can improve the course’s value.

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