byGaganDeep
Updated on - 29 Jun, 2024
B.Sc. Account and Finance course aims at developing the right foundation among students in the fields of accounting, finance, taxation, auditing and other relevant fields. This course curriculum spreads over three years and consists of basic subjects such as financial accounting, management accounting, corporate finance, banking operations, income tax, business mathematics, statistics. This course is designed to enable one to develop skills and understanding which will enable one to practice accounting, banking, financial services, taxation, corporate finance.
The entrance test that are considered for admission in B.Sc (Account and Finance) among colleges are; CAT, MAT, CMAT, ATMA, XAT among other national or state level entrance tests. Some of the colleges also have the provision of admitting students on the basis of 10 + 2/HSC examination. Further, some institutes set up their level qualifying written tests and personal interview for the selection of the candidates for this program.
| Highlight | Detail |
|---|---|
| Full Form | Bachelor of Science in Accounting and Finance |
| Duration | 3 years |
| Course Level | Undergraduate |
| Eligibility | 10+2 with Commerce stream, with a minimum required percentage (usually 50-60%) |
| Top Colleges | University of Delhi, Mumbai University, Christ University, St. Xavier's College, Narsee Monjee Institute of Management Studies (NMIMS) |
1. Minimum 50% marks in 10+2 from a recognized board equivalent to respective combination of subjects.
2. It is mandatory to have Mathematics or Business Mathematics as one of subjects in 10+2.
3. There are some requirements set by some universities such as minimum age of seventeen years or maximum age of twenty-two years.
4. IELTS or TOEFL is often expected from the candidates irrespective of the country they belong to but preferably from an English speaking country.
5. Certain institutes also have personal interview round and the performance in the entrance test is also looked into.
6. Some institutes may have specific preference for work experience in account or finance.
| Subject | Important Topics |
|---|---|
| Financial Accounting | Accounting principles, Financial statements, Cash flow statements, Financial analysis |
| Cost Accounting | Cost concepts, Cost-volume-profit analysis, Budgeting and variance analysis, Marginal costing |
| Corporate Accounting | Shares and debentures, Amalgamation, Valuation of goodwill, Preparation of financial statements |
| Financial Management | Working capital management, Capital budgeting, Cost of capital, Financial planning |
| Business Law | Contract law, Company law, Partnership, Negotiable instruments |
| Income Tax Laws | Income tax computation, Deductions and exemptions, Filing of income tax returns, Tax planning |
| Banking and Insurance | Banking operations, Insurance principles, Risk management in banking, Types of insurance policies |
| Management Principles | Planning, Organizing, Staffing, Directing, Controlling |
| Economics for Finance | Microeconomics principles, Macroeconomics indicators, International trade, Monetary policy |
| Computer Applications in Accounting | Accounting software, Spreadsheet applications, ERP systems |
| Research Project | Literature review, Research design, Data analysis, Report writing |
| Specialization | Average Salary (INR) |
|---|---|
| Accountant | 2,20,000 - 3,50,000 |
| Tax Assistant | 2,00,000 - 3,20,000 |
| Audit Associate | 2,50,000 - 4,00,000 |
| Financial Analyst | 3,00,000 - 4,20,000 |
| Investment Banking Associate | 3,20,000 - 4,80,000 |
| Loan Officer Assistant | 2,40,000 - 3,30,000 |