byGaganDeep
Updated on - 23 May, 2024
B.Com in Accounting is an undergraduate course aimed at offering students a sound knowledge on accounting concepts and practices. It is a three years long course that covers the basic concepts and principles of financial accounting, cost and managerial accounting, tax accounting, auditing, and accounting information systems. Students are able to understand how to account for, make a summary and analyze and interpret financial transactions of an organization.
The entrance tests that are considered for admission into B.Com (Accounting) in many colleges are: The national level test: Common Entrance Test (CET), The state level test or the college level test. The CET is usually administered from April-May in a given year. Other similar exams conducted at the state level are MHTCET conducted for Maharashtra and Karnataka PGCET which is conducted in Karnataka.
| Event | Details |
|---|---|
| Full Form | Bachelor of Commerce (Accounting) |
| Duration | 3 Years |
| Course Level | Undergraduate |
| Eligibility | 10+2 with Commerce/Business Studies stream and Mathematics and English as core subjects (Eligibility may vary depending on the university/college) |
| Top Colleges (India) | SRCC, Delhi University, Lady Shri Ram College for Women, Delhi University, Loyola College, Chennai, Symbiosis College of Arts and Commerce, Pune, St. Xavier's College, Kolkata (This is not an exhaustive list) |
| Entrance Exams | Some universities/colleges conduct their own entrance exams |
1. 10+2 passed or equivalent from a recognized board with minimum 50% in 10+2.
2. Mathematics or Business Mathematics is compulsory in 10+2 standard for some of the colleges.
3. No age limit but minimum age will be of 17 years to get admitted in this course.
4. Communication skills: Fluent in English as that will be the medium of communication.
5. Certain colleges also have their own entrance exam for students to get admitted into their institutions.
6. Some institutes may prefer work experience in the field of accounting to other candidates.
1. CAT: Common Admission Test is conducted by the IIMs for admission to their business administration and management programs for example B.Com.
2. CPT: ICAI conducts Common Proficiency Test which is for testing the knowledge imparted by it in basic accounting and it is also an entrance test for some of the B.Com courses.
3. AMU B.Com Entrance Test: Carried out by Aligarh Muslim University for entry into B.Com courses, including accounting, offered at the university and its associated colleges.
4. BHU B.Com Entrance Test: The admission in the B.Com programs in Banaras Hindu University is done on the basis of the entrance test that the university holds for the different subject area and accounting is one among them.
5. DU B.Com Entrance Test: B.Com professional courses including accounting offered by the Delhi University comes under the category of those courses which require the candidate to write a common entrance test.
| Subject | Important Topics |
|---|---|
| Financial Accounting I & II | Accounting Principles, Journal, Ledger, Trial Balance, Final Accounts, Cash Book, Bank Reconciliation Statement, Concepts of Depreciation, Accounting for Bills of Exchange |
| Management Accounting | Cost Accounting Concepts and Classification, Cost Sheet, Cost Volume Profit Analysis (CVP), Budgeting and Budgeting Techniques, Standard Costing and Variance Analysis |
| Business Law | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, The Partnership Act, The Companies Act |
| Taxation I & II | Income Tax Act - Basic Concepts, Heads of Income, Exemptions and Deductions, Tax Computations for Individuals and Hindu Undivided Families (HUFs) |
| Auditing | Vouching, Verification of Assets and Liabilities, Audit Reports |
| Company Accounting | Issue and Redemption of Shares, Forfeiture and Re-issue of Shares, Debentures, Final Accounts of a Company |
| Accounting Information Systems (AIS) | Introduction to AIS, Accounting Software, Database Management Systems (DBMS) |
| Business Communication | Effective Communication Skills, Business Writing, Report Writing |
1. 12th pass in commerce section with minimum 50% marks.
2. For the above reasons, it is recommended that students wishing to join colleges that offer B.Com course admissions before the deadline.
3. Take admissions examination if any for the course you want to pursue if offered.
4. After the release of merit lists by colleges, then check merit list
5. Counseling/admission is as follows: – After getting the respective rank in the merit list
6. The formal procedures of admission have to be completed by submitting documents and payment of fees.
| College Name | Location | Estimated Fee Range (INR/Year) |
|---|---|---|
| Shri Ram College of Commerce (SRCC) | Delhi | 10,000 - 20,000 |
| Lady Shri Ram College for Women (LSR) | Delhi | 10,000 - 20,000 |
| Loyola College | Chennai | 20,000 - 40,000 |
| Sydenham College of Commerce and Economics | Mumbai | 15,000 - 30,000 |
| Hansraj College | Delhi | 5,000 - 15,000 |
| Hindu College | Delhi | 10,000 - 20,000 |
| Fergusson College | Pune | 12,000 - 25,000 |
| The Presidency College | Chennai | 25,000 - 45,000 |
| Shri Venkateswara College | Delhi | 8,000 - 18,000 |
| Acharya N. G. Ranga Agricultural University (ANGRAU) | Andhra Pradesh | 10,000 - 20,000 |
| College Name | Location | Estimated Fee Range (INR) |
|---|---|---|
| Symbiosis College of Arts and Commerce | Pune | 50,000 - 1,00,000 |
| Narsee Monjee Institute of Management Studies (NMIMS) Mumbai | Mumbai | 75,000 - 1,50,000 |
| Christ (Deemed University), Bangalore | Bangalore | 40,000 - 80,000 |
| St. Xavier's College, Mumbai | Mumbai | 30,000 - 60,000 |
| Shiv Nadar University | Noida | 80,000 - 1,20,000 |
| Jain (Deemed-to-be University) | Bangalore | 45,000 - 90,000 |
| The ICFAI Foundation for Higher Education (IFHE) | Hyderabad | 50,000 - 1,00,000 |
| SRM Institute of Science and Technology (SRMIST) | Chennai | 60,000 - 1,10,000 |
| Amity University | Noida | 40,000 - 80,000 |
| Balaji Institute of Management (BIMTECH) | Greater Noida | 65,000 - 1,15,000 |
| College Name | Location | Type | Average Placement Package (INR LPA) |
|---|---|---|---|
| Shri Ram College of Commerce (SRCC) | Delhi | Government | 6-8+ |
| Lady Shri Ram College for Women (LSR) | Delhi | Government | 5-7+ |
| Symbiosis College of Arts and Commerce | Pune | Private | 4-6 |
| Narsee Monjee Institute of Management Studies (NMIMS) Mumbai | Mumbai | Private | 5-7 |
| Loyola College | Chennai | Government (Aided) | 3-5 |
| St. Xavier's College, Kolkata | Kolkata | Private | 4-6 |
| Hindu College | Delhi | Government | 4-6 |
| Hansraj College | Delhi | Government | 3-5 |