All about B.Com Finance & Accountancy


BCom Finance and Accountancy

Last updated: 21 Oct 2021

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What is Commerce?

Commerce refers to the buying and selling of goods and services for money or in kind. It is a branch of business that includes all the processes that have to do with the exchange of products and services. The term Commerce usually refers to doing business on a large scale. Specifically, on a scale large enough to require transportation from seller to buyer. The transportation may be across the town, a state or between countries.

Few lines about B.Com (Finance & Accountancy)

B.Com (Finance & Accountancy) is a 3-years undergraduate course that is divided into 6-semesters. The course teaches the fundamentals of finance and accountancy practices. Through this course the students can learn technical skills associated with many of the procedures of finance analysis and accounting standards.

The course includes subjects like income tax, business economics, commercial law, banking theory, financial accountancy and many others. The course trains the students on the aspects of accountancy and finance aspects.

Eligibility for B.Com Finance and Accountancy

The students who have passed their PUC or 10+2 in any stream with 50% aggregate from a recognised board are eligible to apply for B.Com Finance & Accountancy.

Admission Procedure

The students with relevant qualifications can join the B.Com (Finance and Accountancy) course by two modes. The first one is Merit based admission and the second one is direct admission.

Let’s discuss in detail

1. Merit Admission

There are many top educational institutes that conduct entrance exams for the B.Com (Finance and Accountancy) course. This mode is called merit admission mode. The entrance exams are conducted to select the serious and hardworking students from the group of non-serious candidates to the available limited number of seats in the colleges. The qualified students are allotted the merit seats and are given admission, the fees are fairly nominal for merit admissions.

2. Direct Admission  

The students have another option of getting admission to B.Com (Finance and Accountancy) course by direct admission process. Under this mode of admission, the students are given direct admission to their desired colleges under management quota. The direct admission students enjoy many special privileges like they are not required to apply for any institution-based entrance exam for getting admissions. They have an option to choose their desired colleges and book their seats even before the starting of the academic year. The students who are interested in direct admissions are required to contact Galaxy Educational Services for more details.

Course Curriculum for B.Com (Finance and Accountancy)

Sl No

Subjects of Study

1.

Financial Accounting

2.

Business Organisation

3.

Business Economics

4.

Corporate Accounting

5.

Business Statistics

6.

Commercial Law & Industrial Law

7.

Banking Theory, Law and Relations

8.

Business Environment

9.

Business Finance

10.

Auditing

11.

Income Tax

12.

Cost Accounting

13.

Accounting & Management

14.

Principles Management

15.

Business Communication

16.

Managerial Economics

17.

Banking Services

18.

Indian Economy

19.

Advanced Company Accounts

20.

Principles of Finance

21.

Legal System in Business

22.

Marketing 

23.

Business Solutions

24.

Corporate Finance

25.

Insurance and Risk Management

26.

Entrepreneurial Development

27.

Business Statistics

28.

Organisational Behaviour

29.

Bank Credit Management

30.

Practical Cost Accounting

31.

Income Tax Law and Practice

32.

Research Methodology

33.

Computer Applications in Accounting

34.

Financial Management

35.

Customer Relationship Management

36.

Introduction to Mutual Fund Analysis

37.

Practical Auditing

38.

Environmental Studies

39.

Management Accounting & Practice

40.

Investment Analysis and Portfolio Management

41.

Working Capital Management

42.

Financial Derivatives and Risk Management

43.

Development of Small Business

Career and Scope

On the successful completion of B.Com (Finance & Accounting), the students will be capable to work in banking and financial sector. The B.Com (Finance & Accounting) students can find ample job opportunities across different organisations of different sectors.

Job Role

Some of the important job roles available are:

  • Business Assistant
  • Business Adviser
  • Banking Executive
  • Bank Manager
  • Market Analyst
  • Accountant

Salary and Emoluments

The fresh B.Com (Finance & Accountancy) students will be earning around 4 lakhs to 6 lakhs per annum. The experienced professionals will be earning around 6 lakhs to 8 lakhs per annum.

Top Organisations hiring B.Com (Finance and Accountancy) students

Some of the top organisations hiring B.Com (Finance & Accountancy) students are:

  • HDFC Bank
  • ICICI Bank
  • Axis Bank
  • HSBC Bank
  • Citi Bank

Final Lines

The finance and accountancy section has always been in news when it comes for job opportunities. There are ample job opportunities for B.Com (Finance & Accountancy) students. They are hired generally in banks and financial institutions and are paid decently. The B.Com (Finance & Accountancy) students also have excellent career growth opportunities in the field. The students interested in banking and accounting sector can join B.Com (Finance & Accountancy).

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sandy 11 months ago

If you have a Bachelor of Commerce (BCom) degree and are interested in becoming a Certified Public Accountant (CPA), there are certain steps you need to take to achieve this goal. Firstly, you need to check the eligibility requirements in your country or state to make sure you meet the necessary criteria. Then, you may need to complete additional coursework in accounting and business to be eligible for the CPA exam. Once you meet the educational requirements, you can apply to take the CPA exam and, upon passing, you will need to fulfill any other licensing requirements in your jurisdiction. This may include completing a certain number of hours of work experience under a licensed CPA or taking additional courses. Once you have met all the requirements, you can become a licensed CPA and work in the accounting field. To know more about CPA Visit simandhareducation

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