Bachelor of Commerce in Financial and Accounting is a three-year course in Commerce. The undergraduate course helps the candidate to develop skills in financial and management accounting and in areas of taxation. The course study helps the candidate to gain broader financial knowledge and skills in diverse areas of business management. Practical training on various aspects of finance and accounting are offered through projects, presentations, industrial visits, practical training and academic sessions included in the course. The course study offers various future benefits to candidates who have completed the same.

Advantages or Benefits of Bachelor of Commerce in Financial and Accounting Course

The course study helps the candidate to gain adequate skills in data handling and quantitative techniques (related to accounting and finance). Those who have successfully completed the course can have wide scope both with regard to higher education and in career. One can find endless career opportunities in financial sector after the completion of the course. Master degree courses in the related area of interest help the candidate to build a strong career in banking or financial service sector.

Eligibility required for Bachelor of Commerce in Financial and Accounting Course

The candidates who have passed the XII class are eligible to apply for bachelor degree in Commerce and Accounting. The qualification must be obtained from a reputed institution with minimum 50% marks. The admission to the course is offered on the basis of the marks scored in the qualifying plus-two examination.

Admission Procedure of Bachelor of Commerce in Financial and Accounting Course

The details regarding the admission can be collected from the official website of the University or institution through which the course is offered. The candidate can obtain details on the existing number of seats, the various ways to collect the application form, and the application procedure from here. Once the application form is collected, it must be filled correctly and submitted to the given address. The form must be submitted before final date. Documents such as Photostat of certificates, photograph, etc must be sent along with the application.

Higher education courses after Bachelor of Commerce in Financial and Accounting

• M.B.A. (Banking and Insurance)
• M.B.A. (Banking and Finance)
• M.B.A. (Banking and Taxation)
• M.B.A. (Banking)
• M.Com (Banking and Insurance Management)
• M.Com (Bank Management)
• M.Com (Banking and Finance)
• Master in Financial Management (MFM)
• Executive Program in Applied Finance
• Chattered Accountant
• Chattered Financial Analyst
• Chattered Management Accountant
• Company Secretary

Colleges offering Bachelor of Commerce in Financial and Accounting

• Adarsh College of Arts and Commerce
• Arya P.G College
• BNN College
• Bhadrak Autonomous College
• Chaitanya Degree and PG College
• Dnyan Ganga Degree College
• Ghanshyamdas Saraf Girls College of Arts And Commerce
• HR College Of Commerce and Economics
• KPB Hinduja College of Commerce
• LS Raheja College Of Arts and Commerce
• Lala Lajpat Rai College of Commerce And Economics
• ML Dahanukar College
• Maharshi Dayanand College of Arts Science And Commerce
• Model College
• NG Acharya and DK Marathe College Of Arts Science And Commerce
• NG Bedekar College Of Arts and Commerce
• Nagindas Khandwala College of Commerce Arts And Management Studies
• RK Talreja College Of Arts Science and Commerce
• Reena Mehta College
• SIES College of Arts Science and Commerce
• S.K Somaiya College of Arts Science and Commerce
• Satyagraha College of Commerce Management Science and IT
• Shri Chinai College of Commerce and Economics
• Sir Sitaram and Lady Shantabai Patkar College of Arts and Science
• Smt MMK College of Commerce and Economics
• Sri Nrayana Guru College Of Commerce
• St. Andrew’s College of Arts Science and Commerce
• Sydenham College of Commerce and Economics
• Thakur College of Science and Commerce
• Tolani College of Commerce
• Vivekanand Education Society’s College of Arts Science and Commerce

Course Curriculum of Bachelor of Commerce in Financial and Accounting Course

Semester-I

• Financial Accounting - I (Elements of Fin. Accounting)
• Cost Accounting-I (Introduction and Elements of Cost)
• Economics-I (Micro Economics)
• Commerce-I (Business Environment)
• Information Technology-I (Introduction & Elements)
• Business Communication-I
• Foundation Course-I

Semester-II

• Financial Accounting-II (Special Accounting Areas)
• Auditing-I (Introduction and Planning for Audit)
• Financial Management-I (Introduction to Financial Management)
• Taxation-I (Indirect Taxes (I)
• Business Law-I (Business Regulatory Frame Work)
• Qualitative Methods for Business-I
• Business Communication-II

Semester –III

• Financial Accounting - III (Special Accounting Areas)
• Cost Accounting-II (Methods of Costing)
• Auditing Paper-II (Technique of Auditing)
• Economics-II (Macro Economics)
• Business Law (II) (Company Law)
• Management-I (Principles of Management)
• Foundation Course-II

Semester-IV

• Financial Accounting-II(Techniques of Financial Management)
• Management Accounting - I (Introduction to Management Accounting)
• Taxation Paper-II (Indirect Taxes (II)
• Commerce-II (Financial Market Operations)
• Business Law-III (Industrial Regulatory Frame Work)
• Information Technology-II (Application in Accounting & Finance)
• Quantitative Methods of Business (II)

Semester –V

• Financial Accounting-IV (Corporate Accounting)
• Cost Accounting-III (Methods and Accounting)
• Auditing-III (Audit Procedure)
• Management Accounting-II (Fin. Statement Analysis)
• Taxation-III (Direct Taxes - I)
• Economics-III (Indian Economy)

Semester –VI

• Financial Accounting-V (Corporate Accounting)
• Cost Accounting-IV Techniques of Costing)
• Auditing-IV (Audit of Companies)
• Management Accounting-III (Security Analysis & Management)
• Taxation-IV (Direct Taxes - II)
• Management-II (Principles of Management and Application)

Course Evaluation of Bachelor of Commerce in Financial and Accounting

The evaluation of the course is carried out through internal assessments and semester end examinations. Normally 60% marks is evaluated through University examinations and the later 40% is evaluated internally through class test, assignments, seminar, etc.

Text Books on Bachelor of Commerce in Financial and Accounting

• Financial Accounting – R.Narayanaswamy
• Statistics – Nabendu pal
• Financial Accounting - T.S. Reddy & A. Murthy
• Principles of Accountancy – Jenitra L.Merwin
• Marketing – J.Jayasankar – Margham
• Principles of Management – J, Jayasankar – Margham
• Banking theory, Law and Practice – B. Santhanam – Margham
• Banking Law and Practice – KP Kandaswamy – S.Chand
• Statistics – R.S.N.Pillai and V.Bagavathi
• Business Communication – Asha Kaul
• Business Communication – Sathya Swaroop Debasish
• Business Law – D.Chandra bose
• Banking and Insurance – Jyotsna sethi
• Economic Environment of Business – Veena Keshav Pailwar
• Company Law & Secretarial Practice – Dr.MR Srinivasan
• Business Communication – NS Raghunathan – Margham
• Management Accounting – Dalston L.Cecil & Jenitra L.Merwin
• Management Accounting – NM Singhvi
• Labour and Industrial Law s – PK Padhi
• Human Resource Management – Biswajeet pattanayak
• Services Marketing – R.Srinivasan
• E-Commerce – PT .Joseph ,S.J
• Computer Basics and C Programming – V.Rajaraman
• Digital Electronics – Dr.K.Meena
• Core Banking Solution – M.Revathy Sriram
• Management Information Systems – S. Sadagopan
• Auditing – Ravinder Kumar
• Insurance – Nalina Prava Tripathy
• Banking and Insurance – Jyotsna sethi
• Financial Services – Nalina Prava Tripathy
• Tally – P. Palanivel – Margham
• Elements of Insurance – A. Murthy – Margham
• Soft Skills – Dr.K.Alex

Job and Career after Bachelor of Commerce in Financial and Accounting

The candidates who have completed their graduation in Finance and Accounting can find job vacancies in diverse fields. Banks, Marketing Firms, Finance firms, HR & Media firms are some of the areas where the candidate can find placement. The main responsibility of these professionals is to report matters related to tax and to creating income statements. By gaining adequate job experience, the candidate can get in to higher-grade post with lucrative pay packages. The candidate can perform well in areas of auditing and tax consulting also.

Employment Areas

• Banks
• Budget Planning
• Business Consultancies
• Educational Institutes
• Foreign Trade
• Industrial Houses
• Inventory Control
• Investment Banking
• Marketing
• Merchant Banking
• Public Accounting Firms
• Working Capital Management
• Policy Planning
• Public Accounting Firms
• Treasury and Forex Department

Job Types

• Auditors
• Actuaries
• Book Keepers
• Budget Analysts
• Business Consultants
• Certified Public Accountant
• Chartered Management Accountant
• Chief Financial Officer
• Cost Estimators
• Entrepreneurship/Own Business
• Finance Managers
• Financial Analyst
• Human Resource Managers
• Investment Analysts
• Marketing Managers
• Personal Financial Advisor
• Stock Brokers
• Teacher/lecturer

Remuneration after Bachelor of Commerce in Financial and Accounting

The compensation packages offered to professionals in Financial and accounting sector is quite reasonable. An accounting professional can expect an initial level salary with in the range of Rs.7000-10,000/- per month. In higher-grade post, the candidate can have salary packages with in the range of Rs.10, 000-30,000/month.