byGaganDeep
Updated on - 21 May, 2024
Bachelor of Commerce (B.Com) is offered in accounting and finance which is a four-year undergraduate programme that offers specialization in accountancy, business economics, financial management, taxation, and auditing in addition to other topics relating to the subject. This 3-year long course provides the students with the skills and knowledge to perform at the required level for accounting and finance functions in various business sectors. The course program structure, is more or less core commerce subjects together with papers in the field of financial accounting, cost accounting, corporate accounting, management accounting, corporate finance etc.
CAT, MAT, XAT, NMAT, CMAT, ATMA and the various state CETs are the exams that universities and institutes for admission into the B.Com (Accounting and Finance) program are acceptable. The application process is in progress from January to May through both online and offline modes. Selected candidates then have to undergo group discussions and personal interviews by the different institutes/colleges to get a final admission. Institutes also make their cut-offs public by June and admission for academic sessions are also by August at the latest.
| Feature | Details |
|---|---|
| Full Form | Bachelor of Commerce (Accounting and Finance) |
| Duration | 3 Years (Full-Time) |
| Course Level | Undergraduate |
| Eligibility | 10+2 (Commerce Stream) or Equivalent with minimum marks (varies by college) |
| Top Colleges (India) | Christ University (Bangalore), Symbiosis College of Arts and Commerce (Pune), Shri Ram College of Commerce (Delhi), Loyola College (Chennai), St. Xavier's College (Kolkata) |
| Entrance Exam | University Entrance Exams |
1. A pass in 10+2 or an equivalent examination with 50% aggregate.
2. Commerce students: Accounts, economics, mathematics at 10+2 level should have been passed.
3. Students pursuing science stream should have studied mathematics as another subject in 10+2.
4. There are some colleges that conduct the entrance exam of their respective college for admission to the course.
5. The admitted students should not be less than 17-19 years old at the time of admission.
6. There is concession of marks for reserved students in accordance with the government policy.
1. CAT: IIMs entrance test held by IIMs to assess candidates for management programmes and finance. Verbal ability test with quanta and data interpretations / logical reasoning test.
2. CMAT: There is no similar examination for candidates like Common Management Admission Test which evaluates candidates on quantitative techniques, logical reasoning and general awareness and language comprehension.
3. IPMAT: Developed by IIM Indore to filter applicants for admissions in the IPM program. It is a test of verbal skills and general knowledge as well as computer skills and quantitative skills.
4. NPAT: NMIMS CET: NMIMS Common Entrance Test offers quantitative ability, data interpretation, verbal ability test for admission.
5. UPSEE: UPSEE also provides admission to finance courses in the institutes under AKTU based on merit list prepared by the Entrance examination.
| Subject | Important Topics |
|---|---|
| Financial Accounting | Accounting Principles, Journal, Ledger, Trial Balance, Final Accounts, Accounting Standards (Indian AS & IFRS) |
| Management Accounting | Cost Accounting Fundamentals, Cost Classification, Cost Sheet, Budgeting Techniques, Ratio Analysis |
| Corporate Accounting | Company Formation, Share Capital, Dividends, Accounting for Different Forms of Business Organizations |
| Taxation | Income Tax Act, Heads of Income, Exemptions, Deductions, Tax Calculation for Individuals |
| Business Law | Contract Law, The Sale of Goods Act, The Indian Partnership Act, The Companies Act |
| Business Mathematics & Statistics | Basic mathematical functions, Statistical methods like Correlation & Regression |
| Business Communication | Communication Skills, Report Writing, Presentation Skills |
| Auditing | Auditing Principles, Types of Audit (Internal & External Audit), Audit Procedures, Audit Reports |
| Financial Management | Financial Analysis Techniques, Time Value of Money, Capital Budgeting Techniques |
| Banking & Finance | Banking System in India, Loan Products & Services, Financial Instruments (Shares, Debentures) |
1. Higher Senior Secondary/Pass with 50% marks in commerce group/stream.
2. Candidates wishing to seek the B.Com admissions can directly apply to the colleges which accept applications through entrance examination or merit.
3. Identify a list of eligible colleges and initiate the application process.
4. Application for admission test should be made if necessary.
5. If selected from merit list check status and complete the admission process.
6. Those who are admitted should send the deposit and other necessary documents to affirm their acceptance.
| College Name | Location | Estimated Fees (Annual) (INR) |
|---|---|---|
| Shri Ram College of Commerce (SRCC) - University of Delhi | Delhi | 10,000 - 50,000 |
| Lady Shri Ram College for Women (LSR) - University of Delhi | Delhi | 10,000 - 50,000 |
| Hansraj College - University of Delhi | Delhi | 10,000 - 50,000 |
| Loyola College | Chennai | 20,000 - 80,000 |
| The Presidency College | Chennai | 10,000 - 50,000 |
| Fergusson College | Pune | 25,000 - 1,00,000 |
| Sydenham College of Commerce and Economics | Mumbai | 30,000 - 1,20,000 |
| St. Xavier's College | Kolkata | 25,000 - 1,00,000 |
| Alagappa Government Arts College | Karaikudi | 10,000 - 40,000 |
| Maharaja College | Kochi | 20,000 - 75,000 |
| College Name | Location | Estimated Fees (1st Year) (INR) |
|---|---|---|
| Christ University (Bangalore) | Bangalore | 1.00 Lakh - 3.00 Lakh |
| Symbiosis College of Arts and Commerce (Pune) | Pune | 1.25 Lakh - 2.00 Lakh |
| Shiv Nadar University (Noida) | Noida | 1.50 Lakh - 2.50 Lakh |
| SP Jain Institute of Management and Research (Mumbai) | Mumbai | 2.00 Lakh - 3.00 Lakh |
| St. Xavier's College (Mumbai) | Mumbai | 1.00 Lakh - 2.00 Lakh |
| Narsee Monjee Institute of Management Studies (Mumbai) | Mumbai | 1.50 Lakh - 2.50 Lakh |
| Jain (Deemed-to-be University) (Bangalore) | Bangalore | 1.25 Lakh - 2.25 Lakh |
| Woxsen School of Business (Hyderabad) | Hyderabad | 1.00 Lakh - 2.00 Lakh |
| Amity University (Various Locations) | Various Locations | 0.75 Lakh - 1.50 Lakh |
| KIIT Deemed University (Bhubaneswar) | Bhubaneswar | 0.80 Lakh - 1.80 Lakh |
| College Name | Location | Highlights |
|---|---|---|
| Shri Ram College of Commerce (SRCC) | Delhi | Renowned for excellent placements in Big 4 accounting firms, consultancies, and financial institutions. Average CTC can range from ₹5 LPA to ₹10 LPA or higher for top performers. |
| Lady Shri Ram College for Women (LSR) | Delhi | Strong placement record in accounting, finance, and consulting firms. Average CTC can be in the range of ₹4 LPA to ₹8 LPA. |
| Symbiosis College of Arts and Commerce (Pune) | Pune | Known for placements in MNCs, consulting firms, and Indian corporates. Average CTC can vary from ₹3.5 LPA to ₹7 LPA. |
| Christ University (Bangalore) | Bangalore | Focuses on placements in IT, consulting, and finance sectors. Average CTC can range from ₹3 LPA to ₹6 LPA. |
| Loyola College (Chennai) | Chennai | Placements in reputed accounting firms, banks, and financial service companies. Average CTC can be in the range of ₹4 LPA to ₹7 LPA. |
| Career Path | Average Salary (Lakhs per Annum) (Indicative) |
|---|---|
| Accountant | 3.0 - 6.0+ |
| Tax Assistant | 2.5 - 4.0 |
| Audit Associate | 3.5 - 5.0+ |
| Financial Analyst | 4.0 - 8.0+ |
| Management Consultant (entry-level) | 4.0 - 6.0 |
| Investment Banking Analyst (entry-level) | 4.0 - 7.0+ |
| Risk Analyst (entry-level) | 3.5 - 5.0 |
| Business Development Associate (utilizing financial & analytical skills) | 3.0 - 5.0 |