B.Com in Accounting: Course Details, Eligibility, Admission, Fees and Career

A B.Com in Accounting is an undergraduate course that focuses on imparting knowledge of accounting. It is a 3-year undergraduate degree program, divided into 6 semesters. The curriculum of this course includes accounting, financial management, and business-related studies. Some universities offer a 4-year B.Com course that includes an internship year.

The full form of this course is Bachelor of Commerce (B.Com) in Accounting. The degree provides a wide range of career opportunities for commerce candidates, such as an accountant, tax auditor, Financial Analyst, and bank officer. It is one of the most sought-after degree programs for commerce students after the completion of 12th grade.

To apply for this course, you must pass class 12th from a recognised university or college with a maximum of 50% marks in the Commerce stream with Accountancy as a specialisation. Some institutions also accept students from other streams, like science and arts. Through this blog, you will get all the information about this course, such as eligibility, duration, career opportunities, and growth.

What is B.Com in Accounting?

A B.Com in Accounting is a 3-year undergraduate degree program that is divided into 6 semesters. It is a professional accounting course. The degree provides deep knowledge of accounting and business-related subjects. The course is designed to equip students with the theoretical and practical skills to handle finance-related transactions in businesses and organisations.

B.Com Course Overview

Eligibility Criteria for B.Com in Accounting

• Education: To be eligible for B.Com in accounting, you must have passed class 12th from a recognised board or university.
• Stream: Commerce stream students with Accountancy, Business Studies, and Economics are preferred.
• Marks: The minimum aggregate marks are usually 50%, according to the institution
• Age Limit: There’s no strict age limit for admission to B.Com in accounting.
• Other Stream ( if any): Some Universities grant admission to other stream students, like science and arts.

Syllabus and Subjects in B.Com in Accounting

Semester wise syllabus

Admission Process for B.Com in Accounting

The admission procedure of B.Com in Accounting differs with each institution; however, in general, the procedure covers the following steps:

Application

1. For admission, you need to first apply through the college or university’s website or submit the offline application form.
2. You have to submit all the necessary documents, such as the marks sheet. photocopies of documents, ID proof, and passport-size photographs.

Merit-Based Admission

1. Most institutions offer admission on 10+2 merit-based.
2. Universities publish a merit list and grant admission accordingly.

Entrance Exam

1. Some reputed universities conduct an entrance exam for admission to check student’s basic skills in accounting and mathematics.
2. You need to qualify for the entrance exam for admission.

Common Entrance Exam

1. CUET: CUET is a common university entrance test that is conducted by the National Testing Agency (NTA). Mostly private, central, or state universities accept CUET for B.Com admission in Accounting.
2. IPU CET: The full form of IPU CET is Indraprastha University Common Entrance Test. This exam is conducted by the Guru Gobind Singh Indraprastha University (GGSIPU) for admission to an undergraduate degree program.
3. Symbiosis SET: The Symbiosis entrance test is conducted by the Symbiosis International University. The university conducts this exam for admission to an undergraduate degree program related to the commerce field.
4. NMIMS NPAT: NMIMS NPAT stands for National Test for Programs, conducted by the Narsee Monjee Institute of Management Studies (NMIMS). It is deemed to be a university managed by SVKM.

Counselling or Interview Session

1. After being shortlisted, you will be called for an interview or counselling session.
2. The universities have Personal Interview/ Group Discussion to test your communication and analytical ability.

Final Admission

1. Final admission usually depends on your interview session.
2. Once you are selected, you will be able to pay the admission fee and book your seat by ensuring that you hand all the necessary documents.

Admission Fee for B.Com in Accounting

The fee for B.Com Accounting differs greatly depending on the institution type (government, private, or deemed university), location, and facilities offered.

Average Fee in Government Colleges

In general the average fee in government colleges is between INR 10,000 and INR 50,000. Government colleges or universities provide cheaper education to students with good academical background and those who have well experienced faculty.

Average Fee in Private Colleges

The fee is moderate and above average in private colleges and is between INR 50,000 and INR 1,50,000 annually. The fees charged in the institutions of high learning such as college and universities are high because they offer better infrastructure, advanced learning techniques and internship programs that can put the students in the accounting and finance field into real life learning experience.

Average Fee in Deemed Universities

Deemed Universities generally charge fees in the range of INR 1,000 to INR 2,000 per year. These institutions provide curricula that are globally oriented, cross-border activities, as well as special courses like Accounting and Finance, Professional Accounting, or International Finance, which give their students a competitive advantage in the employment market.

Additional Expenses

You also need to consider several additional expenses that may arise during the course:

• Hostel or accommodation expenses
• Study Material and books
• Examination fees
• Library fee
• Student activity fee
• Uniform fee

Scholarships and Financial Aid

• Many government universities provide scholarships for economically weaker sections.
• Colleges also provide merit-based scholarships for deserving students.
• Many banks and educational institutions also provide study loans for students.
• Certain colleges offer partial or full scholarships to students on the basis of financial need or merit.

Career Opportunities After B.Com in Accounting

B.Com in Accounting offers numerous career opportunities in diverse sectors. The following are some of the well-paid positions of BCom Professional Accounting with their average annual earnings.

1. Accounting Clerk: The job of an accounting clerk is to manage day-to-day financial transactions. An accountant has to prepare financial statements and maintain journals and ledgers. An accounting clerk can earn a minimum average salary of INR 2,00,000.
2. Auditor: As an auditor, you need to examine financial records and compliance. It is one of the most responsible jobs in the organisation. The annual salary that auditors can receive amounts to 3 lakh to 20 lakh, particularly when they are Chartered Accountants.
3. Financial Risk Manager: A Financial risk manager has to assess and control the financial risks. As a Financial risk manager, you have to track the financial performance of a company and develop strategies to control risk. The average salary of a financial risk manager is approximately ₹6-10 LPA.
4. Tax Consultant: As a tax consultant, you need to advise individuals and businesses on tax planning. An experienced tax consultant can easily earn ₹3 lakh to ₹18 lakh per year. A tax consultant is responsible for minimizing the tax liabilities.
5. Financial Analyst: As a Financial Analyst, you have to analyze the finances of the company and help senior management in making investment decisions. If you work as a financial analyst, you can easily earn ₹4 lakh and ₹20 lakh annually.
6. Senior Accountant: If you work as a senior accountant, you have to manage day-to-day records of all assets and liabilities of the company, and prepare financial statements such as balance sheets. The average salary of a senior accountant ranges from approximately ₹4.8 Lakhs to over ₹20 Lakhs per year.
7. Chief Accounting Officer: As a chief accounting officer, you have to supervise and lead the company's accounting operations and make effective financial strategies. The average salary of a chief accounting manager is ₹2.9 Lakhs to ₹71.0 Lakhs annually.
8. Other opportunities: Apart from these traditional roles in the accounting profession, there are other great opportunities in a variety of fields. The graduates may consider occupations in the banking, insurance, and financial services where they may be employed as credit analysts, loan officers, or insurance underwriters.

Top Colleges for B.Com in Accounting

Why Choose TMU for B.Com in Accounting?

Teerthankar Mahaveer University provides top-quality education as well as modern infrastructure and world-class facilities. TMU provides good infrastructure, including digital classrooms and a digital library, to enhance the learning experience. The Corporate Resource Centre (CRC) of TMU is a dedicated centre that aims to increase the career opportunities of students. It is a dedicated centre which aims to increase the career opportunities of students. It equips the students with the skills they need to compete successfully in the job market.

FAQ

Q1.What is B.Com in accounting?

Ans. B.Com in accounting is a 3-year undergraduate degree program focused on the core principles of accounting, finance, and business management.

Q2. Can I become a CA with a B.Com in accounting?

Ans. Yes, you can become a CA with a B.Com in accounting. A B.Com in accounting provides a strong foundation in the subjects taught in the CA program.

Q3. Is B.Com good for accounting?

Ans. Yes, B.Com is a good degree for a career in accounting. The degree provides a strong foundation in principles of accounting, finance, and business.

Q4. What is the subject of B.Com accounting?

Ans. Financial Accounting, Corporate Accounting, Management Accounting, Cost Accounting, Auditing, Taxation (Income Tax Law and Practice), and Business Law are the subjects of B.Com accounting.