B.Com in Finance & Accountancy (BAF)

B.Com in Finance & Accountancy (BAF)
5/5 - (1 vote)

B.Com Accounting and Finance is 3 years undergraduate course. In B.Com Accounting and Finance, you are taught the fundamentals of accounting and finance practices. Through the B.Com Accounting and Finance course, one can learn the technical skills associated with the many processes of finance analysis and accounting standards.

The basic eligibility for taking admission in B.Com Accounting and Finance is to have completed 10+2 or its equivalent examination in Commerce/ Arts or Science from a recognized board with minimum 50% marks. The minimum marks required by the colleges to grant admission in the college may vary.

Admission to B.Com Accounting and Finance colleges is done on the basis of marks obtained at 10+2 level. The admission process for B.Com Accounting and Finance may vary from institute to institute. There are colleges which offer direct admission to the course on the basis of merit and personal interview or counseling after appearing for the entrance test.

The average annual fee to study B.Com Accounting and Finance through distance learning is INR 2000 to 50,000.

The graduates of B.Com Accounting and Finance are usually hired in the fields like Educational Institutions, Banks, Stock Exchanges, Excise Departments, Auditing Offices etc. and can find jobs in the fields of Analyst, Financial Analyst, Cashier/ Teller, Executive Assistant, Investment Banker, etc.

B.Com Accounting and Finance Course

The Accounting and Finance course lets you flex your mathematical muscles while applying technical knowledge to business situations. Listed below are some of the salient features of the B.Com Accounting and Finance course:

Course Name B.Com Accounting and Finance
Full Form Bachelor of Commerce in Accounting and Finance
Duration 3 Year
Eligibility 10+2
Admission Process Entrance and Merit Based
Avarage Salary INR 1 to 10 Lakh
Top Recruiting Companies Deloitte, PwC, Deloitte, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, etc.

About B.Com Accounting and Finance 

Here are the details of B.Com Accounting and Finance course, what all students should know about this course. This includes what areas this course focuses on, what you will learn and the skills you can develop after taking this course:

  • Accounting and finance cover concepts of money, business and management, with an emphasis on professional careers in these areas.
  • Accounting deals with information analysis for various aspects of a business, whereas finance is definitely related to monetary funds of a business.
  • The Accounting and Finance degree provides you with knowledge of accounting practices, commerce, industry and finance.
  • This course will help you develop a range of subject specific and technical skills, you also gain more general skills such as numerical and quantitative skills, oral and written communication skills, entrepreneurship, the ability to argue and negotiate your case.

Why Choose B.Com Accounting and Finance?

If you enjoy mathematics and want to apply it to business, whether it is management, business law or economics, then studying accounting and finance may be ideal.

  • Employment Opportunities: The course allows one to get employment opportunities in various sectors of industries. B.Com Accounts and Finance graduates are mainly hired in the field related to Investment Management and Banking and Financial Services Industry (BFSI), friends are expected to hire more than 8.4 million people in the coming 5 -6 years .
  • Good Salary: According to Payscale website graduates from B.Com Accounting and Finance are expected to earn a salary of INR 492,424 per annum. Apart from this they are expected to earn other benefits like bonus, TA, DA as well as provident fund and retirement benefits.
  • As mentioned, the course offers scope to work in any industry occupation, in every sector one needs to crunch their numbers.
  • Opportunities abroad, cultural exchanges help you learn about a new place while developing language skills while giving you a deeper understanding of the global economy.
  • Accounting and finance play an important role at the core of every organization. Non-profit organizations such as the public and private sectors are impossible to operate without operational finance.
  • Currently, companies of all shapes and sizes are scrutinized in relation to their financial activities. This is why qualified and competent accountancy professionals are at a high level.

Also Read : What is Study Abroad ? – Top Universities, Popular Courses, Steps to Study Abroad

B.Com Accounting and Finance Admission Process

Admission to B.Com in Accounting and Finance is done on the basis of merit or entrance exam. The B.Com Accounting and Finance admission process takes place every year between the months of May to June.

Let us look at B.Com Accounting and Finance in detail.

B.Com Accounting and Finance Eligibility Criteria

Candidates should mainly focus on the eligibility criteria of the college in which they want to take admission. The basic eligibility criteria to get admission in B.Com Accounting and Finance course are given below and it may differ in different colleges and universities.

  • Completion of 10+2 or its equivalent examination in commerce stream.
  • Candidates should have minimum 55% marks.
  • The candidate must meet the minimum cut-off criteria of the particular college in which you applied for admission.
  • The minimum cut-off marks criteria may differ in each university as it is subject to the university’s own admission criteria for that year.
  • Some colleges conduct their own entrance exam, only after passing which one gets admission in the college.

B.Com Accounting and Finance Admission 2022

B.Com Accounting and Finance Admission 2022

Admission to B.Com Accounting and Finance course is made on the basis of merit or entrance test followed by counseling. While applying for admission in B.Com Accounting and Finance course, candidates need to pay attention to these steps:

  • All the students can apply through online or offline mode.
  • Candidates have to visit the official website of the college or university where they want to apply and they are required to register themselves.
  • Candidates should submit the application form after filling all the required details before the deadline.
  • Then they need to upload the documents and pay for the application form.
  • Then candidates have to take a print out of the application form for further reference.
  • You must have good performance in the conducted entrance exam.
  • If qualified they will have to appear for the counseling round.
  • Candidates have to carry their documents at the time of admission.
  • All students must bring their credentials (both original and copy) during admission.
  • Friends, there are some colleges which provide direct admission on the basis of merit and individual.

B.Com Accounting and Finance Entrance Exam

Here is the detailed information about each entrance exam in India conducted by various colleges and universities for offering admission in B.Com Accounting and Finance course, including general information about the exam, eligibility criteria, important dates, syllabus, preparation tips and more. Many are included.

SET Symbiosis Entrance Test is conducted once in a year by Symbiosis International University for admission to undergraduate courses at national level. You will get a total time of 2 hours 30 minutes to solve all the questions. And it is an online mode exam. And SET Syllabus is General English, Logical Reasoning, Quantitative Skills and General Awareness.

IPU CET Indraprastha University Common Entrance Test is a university-level exam conducted by Guru Gobind Singh Indraprastha University. The total duration of the exam conducted by the university is 2 hours 30 minutes. It is an online mode exam conducted for the admission of candidates in UG and PG level programs.

DU JAT DU JAT is an entrance exam conducted by the University of Delhi for admission to its prestigious courses. DU JAT entrance exam consists of 4 sections Quantitative Aptitude, Verbal Ability, Logical Reasoning and GK & Professional Awareness. It is conducted in online mode.

NPAT NMIMS program after 12th is an entrance test for admission to bachelor’s degree and integrated degree programmes. The exam is conducted once in a year and you will get a total time of 2 hours to solve all the questions.

EXAM APPLICATION DATE EXAM DATE
SET January 25, 2022 – June 15, 2022  July 3, 2022
IPU CET March 4, 2022 – May 31, 2022  June 18 – June 19 (UG and B.Ed)

June 23 – June 25, 2022 (PG and Ph.D.)

DU JAT June 2022 July 2022
MHT CET February 10, 2022 – April 15, 2022 August 5 – August 11, 2022 (PCM Group)

August 12 – August 20, 2022 (PCB Group)

NPAT June 20, 2022  April 1 to June 26, 2022 

How to prepare for B.Com Accounting and Finance entrance exam?

Some points a candidate must keep in mind while preparing for B.Com Accounting and Finance course entrance exam and candidates must strictly follow these tips only then they can crack the entrance exam in their first attempt:

  • Before starting the preparation, do some research by going through the entire syllabus and old papers. For this, first you have to know that how many chapters and topics are given in the syllabus.
  • While preparing prepare easy chapters first. Many times it happens that people get stuck in difficult chapters and they take too much time.
  • Current entrance exam will have subjects like Quantitative Aptitude, Verbal Ability, Logical Reasoning, General Ability and Current Affairs.
  • Make sure to get yourself some of the best B.Com Accounting and Finance entrance exam study material.

How to Get Admission in a good B.Com Accounting and Finance College?

Every student wants to take admission in the best college, you should keep some important things in mind to get admission in the best college of B.Com Accounting and Finance. So here are some tips to get admission in the college of your choice:

  • There are two main pillars or pillars of the process of getting admission in top institutes.
  • One of the pillars is eligibility criteria and,
  • The second pillar is the entrance exam.
  • Your percentage in Post Graduation or Graduation should be as per the eligibility criteria of the University.
  • Stay updated with the deadline for filling the application form through websites, newspapers and magazines.
  • Practice previous year papers to improve your time management skills at the time of entrance exam.
  • You must have the ability to study a subject in depth and hence the candidates must possess the required skill-set and dedication along with being extremely diligent while pursuing this course.

B.Com Finance and Accounting Distance Learning

There are many universities in India that offer distance education in B.Com Accounting and Finance. Some of them are famous universities like Bangalore University, Acharya Nagarjuna University, Chandigarh University etc.

The average annual fee to study B.Com Accounting and Finance through distance learning is INR 2000 to 50,000.

Admission of students can be done through online/offline process; It depends on the college whether the admission process of the college is online or offline.

College Name Duration Average Fees Average Salary
Bharathiar University, Coimbatore 3 years INR 5,417 INR 2.5 LPA
Bangalore University, Bangalore 3 years INR 4,700 INR 2.9 LPA
Chandigarh University, Chandigarh 3 years INR 20,400 INR 1.74 LPA
Acharya Nagarjuna University, Guntur 3 years INR 4,320 INR 1.08 LPA

B.Com Accounting and Finance Syllabus

The detailed syllabus of the B.Com Accounting and Finance course, which you will study during the course.

Year 1 Year 2 Year 3
Financial accounting Corporate accounting Business finance
Business organization Business statistics Auditing
Business economics Commercial law Income tax
Banking theory Cost accounting
Business environment Accounting for managerial decisions
Environmental studies

Top B.Com Accounting and Finance Colleges

Top B.Com Accounting and Finance Colleges

Some of the top colleges offering B.Com Accounting and Finance are mentioned in the table below. The table also contains information about the admission process, average annual fee, average annual package, and placements.

Colleges Course Fee Structure Average Starting Salary
Narsee Monjee College of Commerce & Economics, Mumbai INR 4,941 INR 4 LPA
Lovely Professional University, Punjab INR 9,52,000 INR 5 LPA
Jain University, Bangalore INR 1,20,000 INR 4.5 LPA
Christ University, Bangalore INR 75,000 INR 6.85 LPA
Pandit Deendayal Petroleum University, Gandhi Nagar INR 2,49,000 INR 7.02 LPA
Stella Maris College, Chennai INR 29,645 INR 4.2 LPA
Ethiraj College for Women, Chennai INR 76,000 INR 3 LPA
Chandigarh University, Chandigarh INR 96,000 INR 6 LPA
NIMS University, Rajasthan INR 12,000 INR 4 LPA
St. Andrew’s College of Arts Science & Commerce, Mumbai INR 18,087 INR 5-10 LPA

Top Recruiter

Goldman Sachs, Wipro, Zoho, Ernst & Young, World Bank, Cognizant, KPMG, Royal Bank of Scotland, Deloitte, Google, HDFC, ICICI, Axis Bank, Kotak Mahindra Bank, Tata Consultancy Services, Amazon Corporation, Abbott, Microsoft, Infosys, Hewlett Packard, IBM, Cognizant Technology Solutions, Adobe, Capgemini and Morgan Stanley Reliance Industries, Tata Power, Tata Technologies, Tata Power, Tata Technologies, Godrej, Sanmar Group, Jindal Steel, Asahi Glass, Schindler, Capgemini, etc.

Study Abroad B.Com Accounting and Finance

There are certain criteria that candidates must keep in mind before applying for B.Com Accounting and Finance courses.

  • Candidates need to pass 12th with minimum 65-70% marks from a recognized board
  • Candidates are required to submit proof of English proficiency test such as IELTS or TOEFL.
  • Candidates are often required to submit proof of their financial capabilities (bank statements), letters of recommendation, work experience, medical certificates etc.
College Name Average Fees Place
University of Greenwich INR 14,47,040 UK
Teesside University INR 13,43,680 UK
University of Hertfordshire INR 13,43,680 UK
University of Manchester INR 24,80,640 UK
King’s College London INR 28,99,248 UK
University of Texas at Austin INR 33,23,338 USA
The University of Texas at Dallas INR 32,00,002 USA
Arizona State University INR 21,61,459 USA
University of Southern California  INR 43,40,202 USA
The University of Illinois at Chicago INR 21,65,560 USA
University of Toronto INR 35,09,374 Canada
The University of British Columbia INR 30,89,770 Canada
McGill University INR 31,67,910 Canada
University of Waterloo INR 23,32,503 Canada
University of Manitoba INR 12,18,868 Canada
Monash University INR 25,42,950 Australia
RMIT University INR 19,52,986 Australia
The University of Adelaide INR 24,29,930 Australia
University of South Australia INR 18,42,226 Australia

B.Com Accounting & Finance Job Prospects & Salary

B.Com Accounting and Finance graduates have vast career opportunities in India as well as abroad, listed below are some of the popular job positions available for B.Com Accounting and Finance graduates in today’s market:

We have listed some of the popular job positions offered to successful graduates of the discipline along with job descriptions and average annual salary offered to graduates of B.Com Accounting and Finance:

Jobs Average Salary
Personal Finance Consultant INR 9,81,627
Financial Analyst INR 5,85,380
Accounts Assistant INR 2,48,033
Money Manager INR 7,62,187
Senior Accountant INR 3,55,696

Scope of B.Com Accounting and Finance

The scope of B.Com Accounting and Finance is very wide and after doing B.Com Accounting and Finance course, candidates can get so many great opportunities in many fields anywhere in the world. Apart from pursuing further academic courses like M.Com, MBA, CA etc., the other areas after this course are:

  • It is impossible to operate in the public and private sectors alike, including non-profit organizations, without operational finance, so the sector has a wide scope.
  • A career in professional accounting and finance can be incredibly fulfilling and rewarding, although must be built on a solid educational foundation.
  • Any business that relies on money relies on the services of accountancy and finance professionals.
  • For these reasons qualified and competent accountancy and finance professionals are in high demand in almost every contemporary field.
  • A career in the accounting field can be incredibly fulfilling and rewarding, although must be built on a solid educational foundation.
  • Those who work as self-employed accountants enjoy complete flexibility and the freedom to choose their working hours and patterns.

Also Read B.Com in Banking & Insurance

Leave a Reply

Your email address will not be published.