byGaganDeep
Updated on - 30 Jun, 2024
B.Sc (Accountancy) is an undergraduate level program which takes three years to complete and comes under the study domain of accounts and finance. This specialized course offers a detailed understanding of different sectors in the field of accounting including financial accounting, management accounting, tax accounting, auditing. The curriculum of the program is designed to include both the subject matter and the professional training necessary for students to acquire the domain-specific knowledge.
Some of the major entrance examinations accepted for admission to B.Sc (Accountancy) course are as follows – This was undertaken to establish the effectiveness of the tests in the present B-school climate and because some of the tests administrated at the national and state level include CAT, XAT, MAT, ATMA, CMAT, AMU, GATE, Odisha JEE, BHU UET, PAT, PU CET (B.Com), GUJCET, SETs.
| Feature | Description |
|---|---|
| Full Form | Bachelor of Science (Accountancy) |
| Duration | 3 Years (6 Semesters) |
| Course Level | Undergraduate |
| Eligibility | 10+2 (Commerce Stream) with Minimum Marks Criteria (varies by college) |
| Top Colleges (India) | St. Xavier's College, Kolkata; Symbiosis School of Economics, Pune; Shri Ram College of Commerce, Delhi |
1. A candidate must possess a minimum of 50% marks in aggregate in his 10+2 passed or equivalent examination from any recognized board.
2. Mathematics or Business Mathematics is one of the subjects optional for 10+2.
3. A number of universities have their policy on age limitation of maximum of 23 years.
4. Interpersonal and analytical skills are considered ideal for the job.
5. For the students of the reserved category there is concessional relaxation in the percentage as per standard norms.
6. Good English and relevant regional language fluency is necessary to apply for most of the colleges.
| Subject | Important Topics |
|---|---|
| Financial Accounting | Introduction to Accounting, Accounting Principles, Financial Statements, Financial Ratios, Cash Flow Statements |
| Cost Accounting | Cost Concepts, Cost Classification, Cost Behavior, Cost Volume Profit Analysis, Budgeting and Budgetary Control |
| Management Accounting | Cost-volume-profit Analysis, Standard Costing, Budgeting, Decision Making, Performance Evaluation |
| Business Law | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Partnership Act, Companies Act |
| Corporate Accounting | Accounting for Amalgamation, Accounting for Share Capital, Final Accounts of Companies, Valuation of Goodwill and Shares |
| Income Tax Law | Basics of Income Tax, Income from Salary, Income from House Property, Income from Business or Profession, Income from Capital Gains |
| Auditing | Nature and Scope of Auditing, Types of Audits, Internal Control, Audit Report, Audit Evidence |
| Business Mathematics | Basic Mathematics, Financial Mathematics, Statistical Methods, Probability, Calculus |
| Economics | Microeconomics, Macroeconomics, Indian Economy, International Trade, Economic Policies |
| Financial Management | Capital Budgeting, Capital Structure, Working Capital Management, Dividend Decisions, Financial Markets |
| Job Title | Description | Average Salary (LPA) |
|---|---|---|
| Accountant | Prepares and maintains financial records, ensures accuracy and compliance. | 3.5 - 7 |
| Auditor | Independently examines and verifies financial statements of companies. | 4 - 8 |
| Tax Consultant | Advises individuals and businesses on tax laws and filing procedures. | 4.5 - 8.5 |
| Financial Analyst | Analyzes financial data to assess financial performance and make investment recommendations. | 5 - 9 |
| Management Accountant | Prepares internal financial reports used for budgeting, forecasting, and decision-making. | 4.5 - 8 |