BCom Financial Accounting Course, Admission, Top Colleges, Syllabus, Jobs and Salary 2023

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The B.Com financial accounting programme is an undergraduate course. The duration of this programme is three years. It helps students understand the core concepts of finance, commerce and accounting, students who pursued commerce as their elective in their 12th standard can opt to pursue B.Com. However, students from science and arts can also choose to pursue B.com financial accounting as their undergraduate degree.

BCom Financial Accounting: Course Highlights

Course Level	Undergraduate
Duration of the Course	3 Years
Examination Type	Semester
Eligibility	50% in 10th and 12th board exam
Admission Process	Entrance exam and Merit-Based
Course Fee	INR 10,000 to 1,00,000
Average Salary	INR 2 L to 7 L per annum
Top Recruiting Companies	Deloitte, Capgemini, HCL, Mindtree, L&T, Accenture, Wipro, TCS, EY, KPMG, PWC, Accenture, Private Banks like Kotak, ICICI, etc.,
Job Positions	Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Tax Accountant, Stockbroker, Economist, Business Development Trainee, Finance Officer, Sales Analyst, Junior Analyst.

BCom Financial Accounting: Eligibility Criteria

Students who pass their board exams of 10th and +2 from any stream with more than 50% marks are eligible to apply. Some colleges may require students to have studied mathematics in their class 12th as a compulsory subject.
5% -10% relief for the reserved category like SC/ST/OBC students.

Admission Process

BCom Financial Accounting: Admission Process

BCom Financial Accounting admissions are done through entrance examination mode or direct admission through quota.

Merit based Admission

Candidates who are willing to get admission can apply by both online and offline means.
They can fill the entrance form official website of the institute or can directly pursue by reaching the desired institute.
Fill the application form required and upload all the necessary documents which are asked in the form.
After completion of the process of application, go for counselling round and attend the personal interview round to get your desired college.

Entrance Based Admission

Many colleges conduct exams for admission in the top colleges in India. Some Private institutes also conduct examinations or basically rely on the national/ state level entrance examinations.

BCom Financial Accounting: Entrance Examinations

There are various national and state-level entrance exams to appear for admission into the BCom Financial Accounting program.

NPAT is an entrance exam conducted at the national level through online mode for admission in B. Com and many other UG courses. Candidates who have passed or appearing for their higher secondary examination are eligible.
BHU UET is a CBT (Computer Based Test) entrance exam conducted at the university level exam. Candidates who have passed their higher secondary examination are eligible to appear for BHU UET. The candidates should have scored a minimum of 50% in commerce / maths / computer science / economics / finance / financial markets management / vocational courses. The age limit is 23 Years.
JET is an entrance exam that is conducted in online mode for admission in B. Com in Jain University. The candidates who have an aggregate of a minimum of 45% in the 12th class from any recognized board are eligible to apply.
Dayananda Sagar Admission Test (DSAT) is a National Level Entrance Examination for admissions in Dayananda Sagar University for various UG courses including B.Com. The entrance exam is conducted in both online and offline mode.

A common list of BCom Entrance exams 2023 is given in the table below along with their upcoming dates:

Entrance Exam	Exam Date
NPAT	Check here
BHU UET	Check here
JET	Check here
DSAT	Check here

BCom Financial Accounting: Entrance Exam Preparation Tips

Here are some tips that can help students to clear the entrance exam.

To gain admission through Entrance-based MTech college, a high UG aggregate is required. Admissions are highly competitive at the top colleges offering MTech courses.
Cut-off lists and admission details are advertised regularly during the admissions season on the official website, they must be kept track of.
For admission through entrance examination based colleges, the exam pattern, past papers etc. must be downloaded for practice by the aspirants.
Preparations must be started at least one month before admissions start so that there is enough time to be well prepared.

Why study?

Why study BCom Financial Accounting?

The B.Com Financial Accounting provides a good scope of employment opportunities and job scope for B.Com graduates.
The students who graduate from the Bachelor of Commerce in Financial Accounting enjoy an exceptionally high employment rate with the right salary package.
The necessity of an Account Executive or a Commerce Manager to manage the financial aspects makes a graduate of B.com indispensable.

BCom Financial Accounting: Course Advantages

Students learn the following subjects in the B.Com financial accounting degree.

Accounting Principles
Company Laws
Economic Policies
Impact on Trade in Business

Students who graduate from the B.Com financial accounting degree can opt for doing their Chartered accounting degree after their undergraduate.

Companies registered under the Company Act, are required to get their accounts audited only by chartered accountants.

BCom Financial Accounting: Course Comparison

All these degrees may sound similar. But BCom in Financial Accounting and BBA are different courses. Below is mentioned the comparison of all these courses:

Feature	B. Com (Financial Accounting)	BBA Course
Objective	For candidates who would like to build a career in finance, taxation, and accounting.	For candidates who would like to build a career in business management and entrepreneurship.
Eligibility Criteria	A pass in the higher secondary exam or an equivalent exam in commerce stream with an aggregate of at least 50%	A pass in the higher secondary exam or an equivalent exam in any stream with an aggregate of at least 45%
Admission	Based on marks in qualifying exams and entrance exams.	Based on marks in the entrance exam and qualifying exam.
Subjects	Indian Tax System, Value Added Tax etc.	International Business, Information Technology, Human Resource, Insurance etc.
Roles Offered	Tax recruiter, revenue agents, tax policy analysts, tax examiners, etc.	Sales Executive, Research Assistant, Office Executive, etc.
Higher Education	M.Com, MBA, and professional courses like CA, CS, etc.	MBA

BCom Financial Accounting: Top Colleges

Below given is a list of top colleges offering BCom Financial Accounting along with the Average fees.

College Name	Average Fees (INR)
Shri Ram College of Commerce	INR 45,000
Christ University	INR 2,45,000
St. Xavier's College	INR 21,600
St Joseph's College of Commerce Autonomous	INR 5,72,000
Lady Shri Ram College for Women	INR 60,000

BCom Financial Accounting: Tips to get Best College

Below given are the tips that an aspirant must keep in mind to get admission in top colleges offering MTech Computer Integrated Manufacturing course:

Aspirants should sort their college of preference on the basis of the topics taught in curriculum, Faculty, Placement, Fee and the Location.
After selecting the top five colleges, they must periodically review the update on the following college's website.
The documents listed should be noted and uploaded with the right file size and format accordingly on the official website.

BCom Financial Accounting: College Comparison

Below given is a course comparison between the top colleges offering BCom Financial Accounting courses in India. This comparison is on the basis of few parameters that are tabulated below in the table:

See More:

Madras Christian College	SP Jain Institute of Management & Research

Parameters	Madras Christian College	SP Jain Institute of Management & Research
Location	Chennai	Mumbai
Overview	This is one of the prestigious Financial Accounting institutes in the country and has a good placement record with an overall average of 80% placements and 95% for BCom.	It is one of the best colleges in the field of Financial Accounting in the academic world as well.
Average Fees	INR 1,50,000	INR 1,20,000
Average Salary Package	INR 7.8 LPA	INR 9.5 LPA

Syllabus

BCom Financial Accounting: Syllabus

Below given is a semester wise breakdown of the subjects that will be studied in BCom Financial Accounting courses.

Semester I	Semester II
Financial Accounting	Tamil I
Principles of Management	English II
Business Communication	Principles of Accountancy
Managerial Economics	Business Communication
Verbal ability	Business Economics
Semester III	Semester IV
Advanced Company Accounts –I	Advanced Company Accounts –II
Capital Market	Company Law
Corporate Accounting - I	Business Statistical and Decision Techniques
Marketing	Human Resource Management
Business Statistics - I	Business Statistics II
Corporate Finance	Organizational Behaviour
Marketing	Principles of Marketing
Open Elective - I	Open Elective - II
Quantitative Aptitude and Reasoning –II	Communication Skills
Semester V	Semester VI
Information Technology in Business	Management Accounting
Income Tax Law and Practice -I	Income Tax Law and Practice -II
Cost Accounting	Entrepreneurial Development
Computer Applications in Accounting	Project work and Viva voce
Auditing	Investment Analysis and Portfolio Management
Customer Relationship Management	Commerce Practical
Introduction to mutual fund analysis	Financial Derivatives and Risk Management
Practical Auditing	Development of Small Business
Environmental Studies	Personality development

BCom Financial Accounting: Recommended Books

Below given is a list of important books that are a vital part of the BCom Financial Accounting curriculum. Students must have these books to understand the concepts of Financial Accounting with ease.

Books	Author
Financial Accounting: For B.Com	S.N. Maheshwari and S.K. Maheshwari
Accounting on 3rd. Revised Ed. Effective Techniques for Decision Making	S. Jayapandian
Corporate Accounting: Theory and Practice	Nirmal Gupta
Cost Accounting: Theory & Practice	Nirmal Gupta, Chhavi Sharma

Job Prospects

BCom Financial Accounting: Job Prospects

The demand for B.Com Financial Accounting graduates is exceptionally high in entire job sectors. The Bachelor of Financial Accounting is a course that teaches students for different job profiles. Graduating with a degree of B.Com Financial Accounting makes the candidates eligible for working in various job profiles.

Below mentioned are the job profiles which are offered to BCom Financial Accounting candidates.

Job Designations	Average Annual Salary
Accountant	INR 3 to 4 Lacs
Tax Accountant	INR 1 to 3 Lacs
Financial Officers	INR 4 to 6 Lacs
Stockbroker	INR 4 to 9 Lacs

Future Scope

BCom Financial Accounting: Future Scope

After completing the BCom Financial Accounting course graduates can continue doing their further study and go for a PhD. It will enhance their language skills and provide more knowledge. Graduates can work in the government sector as well as the private sector.

M.Com: If a student wants to continue in the same field of education, the second program of choice is M.Com. It is a two duration course and the eligibility criteria include having a BCom Degree in related disciplines.

See Also: Top M.Com Colleges in India

PhD: If a student wants to continue their education further or wants to go into the teaching field. The first program of choice is a PhD . Duration of Ph.D is around 3-5 years.

See Also: Top PhD Colleges in India

MBA: The most popular choice after doing M.Tech is PGDM or MBA course. Many prestigious colleges or institutions provide their own entrance exams.

See Also: Top MBA Colleges in India

FAQs

BCom Financial Accounting: FAQs

Ques. What is the best option after I complete my B.Com. (Financial Accounting)? Should I go for a job or pursue my higher studies?

Ans. There are opportunities available right after the completion of the course. However, a PG degree or professional course will help you in landing up in a better job profile.

Ques: What is the duration of the B.Com. (Financial Accounting)?

Ans. The course duration is 3 years which is divided into 6 semesters.

Ques. What is the average fee for the course B.Com. (Financial Accounting)?

Ans. The average annual fee to pursue this program ranges from INR10,000 to 3,00,000. It varies depending on the college/ university the candidate is opting for.

Ques: What are the career options after completing the course B.Com. (Financial Accounting)?

Ans. There are many career options available for a B.Com. graduate. Some of them are Accountant, Revenue Agent, Tax Policy Analyst, etc

Ques: Can I opt for B.Com. (Financial Accounting) in Loyola College, Chennai?

Ans. Loyola College, Chennai is ranked 5th by India Today. It is one of the esteemed colleges offering the B.Com. (Financial Accounting) and definitely a very good college to pursue your B.Com. course.