What is BCom Professional Accounting?
BCom Professional Accounting is a three year full-time undergraduate management degree course which gives the student a theoretical understanding of how Professional Accounting principles work within a business context.
The basic eligibility for BCom Professional Accounting course is a 10+2 (basic high secondary education) in a relevant field or any field such as science, arts, humanities and commerce. Candidates must have a minimum of 50% aggregate score in the course from a recognised board school.
Admission to the course is offered either on the basis of the score obtained by a candidate in an entrance exam or on merit basis. In merit-based selection, marks obtained by a candidate in the qualifying examinations are considered for offering admission into the course.
Also check top BCom Professional Accounting Colleges in India here.
There are a plethora of subjects that are taught during the entire length of the undergraduate commerce course. Some of the important subjects are Income Tax Law & Practice, Business Statistics, Financial Market Operations, Corporate Reporting, Financial Market Operations etc.
Future prospects of the course are in a variety of business and management fields such as Banks, Merchant Banking, Industrial Houses, Inventory Control, Business Consultancies, Educational Institutes, Budget Planning, Investment Banking, Marketing etc.
Average fees for BCom Professional Accounting varies between INR 2,000 and 80,000. Whereas average salary Offered is between INR 1,30,000 and 4,00,000 per annum.
BCom Professional Accounting Course Highlights
| Course Level | Graduation |
| Duration | 3 years |
| Examination type | Semester-Based |
| Eligibility Criteria | 50% minimum marks in Higher Secondary/HSC Examination |
| Admission Process | Merit/ Entrance-Based |
| Average Annual Fees | INR 2,000 to 80,000 |
| Average Annual Salary | INR 1,30,000 to 4,00,000 |
| Top Recruiting Companies | Google, L&T Infotech, Adobe, Dell, American Express, Park Ascent, Claridges, Genpact, Justdial etc. |
| Job Positions | Accounting Clerk, Auditor, Senior Accountant, Bank PO, Account Executive, Financial Risk Manager, Financial Analyst, Chief Accounting Officer, Junior Analyst, Company Secretary, Chartered Accountant etc. |
| Job Sectors | Accounting and Auditing, Media, International Banking, Automobile, Financial Services, Telecommunication Services and BPO’s, Manufacturing Services, Retail etc. |
What is the BCom Professional Accounting Admission Process?
BCom Professional Accounting admissions are usually done through entrance exams or through merit basis. The step-by-step procedure to apply for BCom Professional Accounting course is given below:
Merit-based selection
- Candidates have to directly apply to the college/ university he/ she wishes to seek admission to.
- Perform well in Class 12 exams as the scores obtained in these form the basis of the entire admission process.
- In due course of time colleges release their cutoff lists. Students have to check whether they are eligible for admission into the desired course or not.
- If eligible, visit the college and submit all the requisite documents.
Entrance based selection
- Submit the application to the colleges and universities you are interested in for admission.
- Register for the entrance exams you will be required to qualify in order to make it the college of your choice.
- In order to be eligible for admission, one must score above the minimum qualifying score set by the respective college or university.
- In due course of time, the colleges and universities declare the result and release a merit list of finally shortlisted candidates on the basis of the score obtained in the written test.
- After the admission process, the final allotment of seats to the candidates take place and the candidate is required to deposit the course fee and register for the respective academic year.
BCom Professional Accounting Eligibility Criteria
Candidates have to fulfil the below-mentioned eligibility criteria to get admission to BCom Professional Accounting course in Indian Colleges/ Universities:
- Candidates must have completed HSC/12th Standard/Higher Secondary with marks not less than 50% from a nationally recognized board
- Candidates who have completed their class 12th in either Commerce, Science or Humanities
- There might be entrance examinations or counselling in the colleges applied to, based on the HSC marks and percentage of the candidate
Popular BCom Professional Accounting Entrance Exams?
Only a few entrance exams are there based on which students will be offered admission to the BCom Professional Accounting program.
Some of the top entrance exams conducted in order to shortlist students for admission into this course are given below.
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BHU UET: BHU UET is a national level entrance exam conducted by Banaras Hindu University for shortlisting candidates for providing admission into BSc, BA, BCom, BPEd, BEd, LLB, BPA, BVSc, BFA and another degree programs.
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LPUNEST: LPUNEST is a university level entrance exam conducted by the Lovely Professional University. The exam is conducted for shortlisting students for providing admission into various courses like Engineering, Law and MBA. Besides admission, the exam is also considered for offering various scholarships.
The dates of application and examination for the above-mentioned examinations are mentioned in the table below.
| Entrance Exam | Exam Date |
|---|---|
| BHU UET | Check here |
| LPUNEST | Check here |
How to prepare for BCom Professional Accounting entrance examinations?
Scoring well in an entrance exam is not a difficult task if one is well aware of the latest exam pattern. Hence, one should go through the previous year papers and perform a proper analysis of the exam pattern. Apart from this, one should do thorough research about the full syllabus of the entrance exam. Mainly there are four sections in almost all the entrance exams.
- General English
- Basic Maths
- General Aptitude and Logical Reasoning
- General Knowledge and Current Affairs
One can go through the points given below in order to perform well in any entrance exam:
- Generally, multiple-choice based questions are asked in the entrance exam. In some of the exams, negative marks are offered for every wrong answer. So, make sure you attempt only those questions which you are sure of.
- The exam pattern incorporates questions which are simple in nature. The questions are of basic 10+2 level. Hence one must focus on revising the basic concepts.
- Some entrance exams also have general knowledge and current affair questions. The questions asked under this section are about National and International Interests, Politics, Current Happening, Indian History etc.
- One must read newspapers and news articles daily to stay updated on the current affairs.
- Giving mock tests forms one of the most important parts of the whole preparation process. Once done with the syllabus, one must start taking mock tests. This helps one to get a taste of the type of questions which are usually asked in the exam. Taking around 10 to 15 mocks can help you perform really well in the entrance exam.
- On the exam day meditate for a while and stay calm and composed. Be confident about whatever you have studied.
How to get admission to a good BCom Professional Accounting college?
The key to get admission to a BCom Professional Accounting course is to focus on the qualifying exam scores for both boards and college entrance. It is very important to work on one’s communication skills as there are interviews.
- Strong Analytical Skills: This course requires candidates to have high problem solving skills as they have to deal with uncertainties. Therefore, the candidate's mind must be always aware and willing to understand and fill these analytical gaps.
- Attention to Detail: A strong sense of attention to detail is required when working with accounting and finance as each project involves detailed planning and execution.
- Updated with the latest trends in the field: It is very important to have splendid Accounting skills to excel in this course.
- Leadership and Management: In order to manage people one must understand and apply all management related duties and responsibilities.
These are the basic skills that are observed and looked for during counselling, general discussions and interviews where candidates must be able present these skills for successful admissions.
BCom Professional Accounting Syllabus
The detailed syllabus of BCom Professional Accounting course is provided below:
| Semester I | Semester II |
|---|---|
| Financial Professional Accounting- I | Financial Professional Accounting – II |
| Fundamentals of Mathematics & Statistics | Business Statistics |
| General English 2 | Business Economics – II |
| Business Economics | Environmental Science |
| Business Organization | Cost Professional Accounting – I |
| Business Law | Business Communication |
| Semester III | Semester IV |
| Corporate Professional Accounting | Advanced Corporate Professional Accounting |
| Information Technology & Professional Accounting (Lab-Based) | Business Research Methods |
| Income Tax Law & Practice | Financial Reporting |
| Auditing | Indirect Taxes |
| Cost Professional Accounting – II | Management Professional Accounting |
| Corporate Laws | Financial Management |
| Semester V | Semester VI |
| Advanced Accounts | Corporate Reporting |
| Summer Training Report | E-Commerce |
| Financial Market Operations | Management Information System |
| Business Analysis | Advanced Audit & Assurance |
| Corporate Tax Law & Practice | Project Report – Viva Voce |
| Value, Ethics & Governance | Advanced Performance Management |
| Business Communication – II | Advanced Financial Management |
Important Books for BCom Professional Accounting
Some of the important books that students can refer to for BCom Professional Accounting course are as follows:
| Name of the book | Author |
|---|---|
| Financial Accounting: For BCom | S.N. Maheshwari and S.K. Maheshwari |
| Intermediate Microeconomics | Maddala & Miller |
| Accounting on 3rd. Revised Ed. Effective Techniques for Decision Making | S. Jayapandian |
| A Microeconomic Theory | Richard Bilas |
| Corporate Accounting: Theory & Practice – 2nd Ed, | Nirmal Gupta |
| Fundamentals of Management Accounting | H.V. Jhamb |
| Business Law | Maheshwari & Maheshwari |
| Intermediate Microeconomics | Maddala & Miller |
Top Colleges offering BCom Professional Accounting
The table below shows the best BCom Professional Accounting colleges and universities that offer the course in a full-time mode.
| College/ UniversityName | Average Annual Fees |
|---|---|
| BHC, Tiruchirapalli | INR 79,170 |
| Sri Krishna Arts and Science College, Coimbatore | INR 74,150 |
| Dr. SNS Rajalakshmi College of Arts and Science, Coimbatore | INR 51,000 |
| Sri Ramakrishna College of Arts and Science, Coimbatore | INR 66,000 |
| KASC, Erode | INR 52,000 |
| Dr. NGP Arts and Science College, Coimbatore | INR 50,000 |
| DR. R.V. Arts & Science College, Coimbatore | INR 21,700 |
| RCAS, Coimbatore | INR 50,000 |
| NGM College, Pollachi | INR 1,445 |
| V.L.B. Janakiammal College of Arts & Sciences, Coimbatore | INR 26,000 |
BCom Professional Accounting College Comparison
The following table depicts the comparison made among the top three BCom Professional Accounting Colleges in India.
| Parameter | Bishop Heber College (BHC) | Sri Krishna Arts and Science College | Dr. SNS Rajalakshmi College of Arts and Science |
|---|---|---|---|
| Objective | Bishop Heber College is one of the well-known institutions in Tamil Nadu. It is a religious minority educational institution established in the year 1966 but has its roots of foundation way back in 1762 | Also known as SKASC, this college was established by the V.L.B Trust in the year of 1997. It is a leading Arts and Science college in the region and is affiliated to the Bharathiar University and Accredited by NAAC with an ‘A’ Grade | Established in the year 1997 with the help of SNS Charitable Trust, Dr. SNS Rajalakshmi College has since transformed itself with the help of Design Thinking Principles and is now an Autonomous College that draws in good talent from all over the country |
| Location | Tiruchirappalli | Coimbatore | Coimbatore |
| India Today Ranking 2020 | 59 | 61 | 68 |
| Average Annual Fees | INR 79,170 | INR 74,150 | INR 51,000 |
| Average Annual Salary | INR 1,67,500 | INR 4,00,000 | INR 2,50,000 |
| Top Companies Visited | TCS, Infosys, Reliance, CTS | Wipro, TCS, Focus Edumatics, HCL, SBI Life Insurance, Amazon, Sun Info Media, Tommy Hilfiger | Acuity, TCS, Bosch, Vodafone, Amazon, CTS |
BCom Professional Accounting Vs BBA
Both BCom Professional Accounting and BBA are bachelor level courses. Both of these courses are pretty popular among students however, there are a number of differences between them.
Also check the top BBA Colleges here.
The comparison between BCom Professional and BBA are as follows:
| Parameter | BCom Professional Accounting | BBA |
|---|---|---|
| Full Form | Bachelor of Commerce in Professional Accounting | Bachelor of Business Administration |
| Domain | Finance and Commerce | Management |
| Overview | This is more in line with finance and commerce with focus on the on the accounting aspect and there is some aspect of management education to it | This has more generalized management subjects and provides a holistic overall learning. Finance and Commerce is included in it but it is not the focus of the entire course |
| Duration | 3 Years | 3 Years |
| Eligibility | Passed Class 12 or equivalent from a recognized board. | Passed Class 12 or equivalent from a recognized board. |
| Average Annual Fees | INR 2,000 to 80,000 | INR 1,00,000 to 5,00,000 |
| Average Annual Salary | INR 2,00,000 to 6,50,000 | INR 2,00,000 to 9,00,000 |
Future Scopes of BCom Professional Accounting
BCom Professional Accounting course has become pretty popular among students nowadays. More and more students are pursuing this course. The course offers diverse career opportunities.. The most popular choices of education on completion of a BCom Professional Accounting degree are as follows.
-
MCom: If one wishes to continue in the same field of education, he/ she can opt for a MCom Accountancy course. It is a two-year course and the eligibility criteria include having a Bachelor’s degree in Commerce.
Check out the Top MCom Accountancy Colleges in India.
-
MBA: A large number of BCom graduates choose to go for the management route by pursuing a PGDM or MBA course. Admissions are offered through a national level entrance test. Having a BCom degree together with an MBA in a specialization of choice is highly advantageous and many organizations actively search for such candidates.
Check out top MBA Colleges and PGDM Colleges in India.
-
Competitive examinations: Another route that graduates can go for is to prepare for competitive examinations. Examinations that are meant for job opportunities in Government sector organizations are most popular. Jobs in this sector are secure with assured high pay and regular increments.
Job Prospects and Career Options after BCom Professional Accounting
- BCom Professional Accounting degree holders will be able to find jobs in various sectors including Banks, Merchant Banking, Industrial Houses, Inventory Control, Business Consultancies etc.
- Job profiles in this sector include jobs as a Business Consultant, Auditor, Chief Financial Analyst, Personal Financial Advisor, Tax Consultant, Teacher, Actuaries, Budget Analysts, Cost Estimators etc.
Some of the popular jobs of BCom Professional Accounting are mentioned below with their average annual salaries.
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Accounting Clerk | The job of an Accounting Clerk is to assist in inter-departmental activities and the maintenance of journals and ledgers | INR 2,00,000 |
| Financial Risk Manager | One of the many prestigious roles that corporates offer to students right after they pass out from a B.Com (Professional Accounting) course. Job roles include risk management, finance analysis, wealth management, etc. | INR 10,00,000 to 17,00,000 |
| Financial Analyst | A Financial Analyst analyses the finances of the company and tries to come up with strategies pertaining to the same. Typical analysis of business, markets and helping senior management in forecasting of said sectors is also necessary | INR 5,00,000 to 6,00,000 |
| Chief Accounting Officer | The primary responsibility of a CAO is to overlook and supervise all accounting departments of the company | INR 3,00,000 to 4,00,000 |
| Account Executive | An account executive has to work with various other teams like marketing, sales, finance and coordinate the various activities of the business. They also collaborate with other accounting managers and look after strategy | INR 3,50,000 to 5,00,000 |
| Senior Accountant | Responsible for maintaining the records of all assets and liabilities by the company or a particular division of it. Also investigation of taxes, analysing financial data and preparing budget forecasts is a critical duty | INR 4,00,000 to 5,25,000 |
| Auditor | One of the most crucial aspects for any company is to verify their financial transactions with a third party and herein comes the auditor with an exceptional and desirable skill set | INR 3,00,000 to 6,00,000 |
BCom Professional Accounting FAQs
Ques. What is the duration of BCom Professional Accounting course?
Ans. The overall duration of this course is 3 years which might be divided into a semester or a yearly basis depending upon the college/ university.
Ques. Which companies normally come for placements in the colleges that provide a BCom Professional Accounting course?
Ans. Some of the companies that come to the colleges are-
- L&T Infotech
- Adobe
- Dell
- American Express
- Park Ascent
- Claridges
- Genpact
- Justdial
- Snapdeal
- HP
- Newgen
- Amazon
- Flipkart
Ques. What is the average fee of a BCom Professional Accounting course in Indian Colleges/ Universities?
Ans. Average annual fee usually ranges from INR 2,000 to 80,000.
Ques. What is the average annual salary offered by the companies coming to colleges that offer a BCom Professional Accounting course?
Ans. Average placements range from INR 1,30,000 to 4,00,000
Ques. What are some of the options that students can pursue after a BCom Professional Accounting course?
Ans. There are a plethora of options for a student after completing the course with options ranging from an MBA in finance, Chartered Accountancy examination, Company Secretary Examinations, Financial Risk Management, an Masters in Commerce and Chartered Financial Analyst to name a few
Ques. How can students who are currently pursuing the BCom in Professional Accounting earn money while learning?
Ans. There are a number of ways the students can earn money from doing some freelancing work for an organization by helping them in their accounting needs to tutoring students who are pursuing their class 12th examinations
Ques. What is the future scope for BCom Professional Accounting course?
Ans. The future scope for a BCom Professional Accounting is quite bright as new companies come up, they will face the need for a BCom Graduate who will especially dabble in Accounting
With an increasing number of companies being founded daily, the necessity for people having a BCom Professional Accounting degree will also increase in demand
Ques. What are some job roles offered by companies that come to campuses for recruitment?
Ans. The roles that come for recruitment are-
- Accounting Clerk
- Auditor
- Senior Accountant
- Bank PO
- Account Executive
- Financial Risk Manager
Ques. What are the possible industries or sectors that one can expect to be placed in?
Ans. The possibilities are literally endless but some of the job sectors/ industries that the candidate can expect to be placed are-
- Accounting and Auditing
- Media
- International Banking
- Automobile
- Financial Services
- Telecommunication Services and BPO’s
- Manufacturing Services
- Retail
- Information Technology Services
- Government Services
- Tax Advisory Services
- Commercial Banking
- Insurance Services
- Hospitality
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