Bachelor of Commerce (B.Com.) Accounting and Finance - Narsee Monjee College of Commerce & Economics, Mumbai

  • Years 3 Years
  • Type Course Under Graduate
  • stream Commerce
  • Delivery Mode
Written By universitykart team | Last updated date Feb, 04, 2023

About B.Com Accounting and Finance: Admission Process, Scope, Eligibility Criteria, Fee, Benefits, Career, Scope, Job Opportunities, Top Colleges

B.Com Accounting and Finance is an undergraduate course that lasts three year duration (Full period). It is a course that teaches the basics of finance and accounting practices. By taking this program, students will acquire the skills that are required for several of the processes of accounting and financial analysis.

The minimum requirement to be eligible for the course to pass 10+2 or an equivalent examination in science, commerce or arts from a recognized institution with at least 50% marks. The minimum score required by colleges for admission to this program may differ between colleges.

Admission to the B.Com Accounting and Finance Colleges is determined by the marks attained at the 10+2 stage. Admission procedures can differ from one institute to another. There are schools that offer straight admission into the program by merit and a personal interview or counseling following the entrance test.

The cost of taking a course in B.Com Accounting and Finance through distance learning is INR 2000 to 50,000.

Graduates of B.Com Accounting and Finance are typically employed in areas including educational institutes, banks and stock exchanges, as well as excise department, auditors offices and so on. and are able to find employment in the field of Business Analyst Risk Analyst, Money Manager Market Analyst, Senior Accountant and Financial Analyst, Cashier/Teller executive assistant, investment banker and many more.

B.Com Accounting and Finance Highlights

Particulars

Values

Degree Name

BCom Accounting and Finance

Degree Type

Bachelor's

Degree Duration

3 years old

Entrance Exams

BHU UET, IPU CET

Eligibility Criteria

Class 12 has 50% marks in any field.

Admission procedure

Entrance based and Merit-based.

Costs for the entire period of

Rs. 25,000 to Rs. 3 lakh

Average Salary

Rs. 5 lakhs per annum.

Job descriptions

Financial analyst, Finance executive Corporate Manager, Credit Director, Risk Analyst Sales Team Executive Assistant, Manager Export Manager

Top recruiters

NABARD, PNB, EY, KPMG, Deloitte, PWC, Oracle, Gartner, SBI, CBI, Accenture.

What is B.Com Accounting and Finance?

Candidates who want to apply must finish their 10+2 examination with commerce or another particularisation that has a minimum of 50 percent marks to be able to apply in the BCom Finance and Accounting Admission. BCom Accounting and Finance graduates are armed with financial and technical knowledge including accounting basics and financial practice and the application of financial analysis, as well as accounting standards. In this post, we'll look at B.Com Accounting and Finance specifics including B.Com Finance and Accounting topics, B.Com Accounting and Finance scope, B.Com Accounting and Finance syllabus as well as B.Com Financial Accounting eligibility requirements.

B.Com Accounting and Finance Eligibility Criteria

The B.Com Accounting and Finance Eligibility requirements are similar to those of any other undergraduate degree program. Students must have at least 50% in their 10+2 examinations from an approved Indian board. It is the BCom Accounting and Finance Eligibility requirements are defined as the pre-defined criteria set by the university which students must fulfill before they are able to participate in an admission procedure. Students who meet all BCom Accounting and Finance eligibility criteria can be part of the admission process, while those who fail to meet the eligibility requirements are denied admission.

Candidates must successfully pass their 10+2 exam in any discipline from an accredited examination board within India.

Aspirants must get at least 50% marks.

The minimum score may change according to the availability of seats at a particular college as well as the amount of candidates.

B.Com Accounting and Finance Admission

Acceptance into Bachlor of Commerce Accounting and Finance Course is based on the merit of merit or an entrance test that follows by counseling. When applying for admission to the BCom Accounting and Finance course applicants must be aware of these steps:

Candidates can apply for a job via either offline or online mode.

Candidates must visit their official site of institution or college where they would like to apply, and they are required to sign up. The applicants must fill out the admission application form.

Candidates must submit the application form after filling in all required information before the deadline.

They must submit the required necessary documents, and also pay for an application fee.

The applicants should then printout of their application form for further information.

Take the entrance exam and do well.

If they are qualified, they need to be present for the counseling session.

The applicants must carry their ID at the moment of admission.

Students must be able to present their documents (both original and copies) for admission.

Some colleges allow direct admission to the program in accordance with merit and an interview with a person.

B.Com Accounting and Finance Entrance Exams

This article provides the in-depth details about each entrance exam in India that is conducted to allow admission to the BCom Accounting and Finance course by different universities and colleges and colleges. It includes general information regarding the test, eligibility requirements important dates, the exam syllabus, tips for preparation and more.

NMIMS Programs Following Twelfth is the entrance exam for admission to the Undergraduate Degree and Integrated Degree Programs. The test is conducted each year. You are given two hours to complete all questions.

The Symbiosis entrance exam is administered by the Symbiosis International University, once each year, to allow admission into undergraduate courses on a national scale. The total time you have to answer all questions is two hour and thirty-five minutes. This is an online test. The syllabus for the SET exam is general English and logical reasoning. quantitative abilities and general awareness.

MHT CET MHT CET Maharashtra general entrance exam is administered by the Common Entrance Test at the State level. It's an online test and the length of MHT CET will be 90 minutes.

IPU CET IPU CET Indraprastha University Common Entrance test is a university-level exam that is conducted through the Guru Gobind Singh Indraprastha University. It is an online test that is used to admit applicants for UG and PG levels of programs. The duration of the exam is two hours and thirty minutes.

How to Prepare for The BCom Accounting and Finance Entrance Exam?

There are some points the candidate must keep in mind when preparing for the BCom Accounting and Finance course's entrance examination. Candidates must follow these rules strictly, and only then can they be successful in passing the entrance exam in the first attempt.

Before you begin your preparation, do some study by studying the entire syllabus as well as older papers. The first step is to know the number of chapters and topics that are included to students in the curriculum.

When you are preparing, write easy chapters first. There are times when people get trapped in chapters that are difficult, and these take too long.

The current entrance exam will include topics such as Quantitative Aptitude as well as Verbal Ability and Logical Reasoning. General Ability and Current Affairs.

Get yourself the top BCom Accounting and Finance entrance exam preparation material. These books will also guarantee optimal preparation.

How to Get Admission in A Good BCom Accounting and Finance College?

Every student wants to gain admission to the best college. In order to be accepted into the top school of BCom Accounting and Finance you must keep a few important things in mind. Here are some suggestions to help you get into the school you want to attend:

There are two major grounds or pillars to get admission into the elite institutes.

A part of it is element The Eligibility Criteria and,

The second is the pillar entrance test.

Your post-graduation percentage or post-graduation should be based on to the criteria of your university for eligibility.

Be aware of the deadlines to fill out the applications on websites as well as newspapers and magazines.

Review the papers from previous years to increase how you manage your time before the time of your entrance exam.

You need to understand a subject thoroughly. Hence, applicants should have the necessary skills and determination, in addition to being extremely productive in pursuing this program.

B.Com vs BCom Finance and Accounting

Although they both B.Com as well as BCom Finance and Accounting are fundamental courses in commerce The former is more focused specifically on more of Accounting and Finance component, whereas the latter is focused on the overall outline that the class offers.

Both are superior in their own manner, however it is a good idea to choose BCom and BCom Accounting and Finance, each has a broad range of career options, the choice of which one to choose is dependent on your goals for the future.

Parameters

BCom

BCom Accounting and Finance

Overview

BCom can be described as a broad program that instructs students and provides an overview of aspects of the subject.

The focus is on the financial and accounting aspects of business and management.

Specialization

Finance, Marketing, Accounts, Human resource management, Banking & Insurance, Taxation law, Financial market, Investment management, etc.

Management of finances, corporate Finance as well as Transactions services auditing Accounting for not-for-profit Services for Business Assurance and more.

Eligibility

10+2 with commerce track, maths and English as the core subjects from an approved board.

10+2 or equivalent education in the field of commerce that includes math, accounts and economics as the main subjects.

Admission procedure

Merit-based and entrance based

Counseling after taking entrance examination

Average annual costs

Between INR 20,000 and INR 50,000 every year

INR 2,000 to INR 4 Lakhs

Job responsibilities

Bank PO and Accountant Lecturer, Event Manager, the Chartered Accountant, Human Resource Development, etc.

Risk Analyst, Senior Accountant Financial Analyst, Market Analyst, Cashier/Teller executive assistant, investment banker etc.

Average annual salary

INR 4.44-INR 7 Lakhs

INR 1 LPA to INR 10 LPA

B.Com Accounting and Finance Skills Required

BCom Accounting and Finance is an undergraduate degree program that requires students to learn diverse capabilities in analytical as strategic aspects. By acquiring the fundamental and soft skills, students are able to excel in the area of finance and commerce. Some of the most crucial skills needed to be successful in BCom Accounting and Finance are possessing a sharp analytical mind as well as a solid understanding of finance and being proficient with numbers. In addition many other abilities that candidates must demonstrate to succeed. Candidates can refer to the top 10 skills needed to be successful in BCom Financial and Accounting.

Strategic thinking

Leadership skills

Communication skills

Time management

Analytical abilities

Market awareness

Managerial Skills

Decision-making skills

Top B.Com Accounting and Finance Colleges in India

A few of the best colleges that offer B.Com Accounting and Finance are shown in the table below. The table also includes details on the admissions procedure including annual average fees and the average annual package the number of students accepted and they are ranked by the NIRF 2020.

NIRF Ranking 2020

College

Course Fee Structure

57

Narsee Monjee College of Commerce & Economics, Mumbai

INR 4,941

99

Lovely Professional University, Punjab

INR 9,52,000

101

Jain University, Bangalore

INR 1,20,000

151-200

Christ University, Bangalore

INR 75,000

151-200

Pandit Deendayal Petroleum University, Gandhi Nagar

INR 2,49,000

_

Stella Maris College, Chennai

INR 29,645

_

Ethiraj College for Women, Chennai

INR 76,000

_

Chandigarh University, Chandigarh

INR 96,000

_

NIMS University, Rajasthan

INR 12,000

_

St. Andrew's College of Arts Science & Commerce, Mumbai

INR 18,087

B.Com Accounting and Finance Fee Structure

B.Com Accounting and Finance fee structure varies based on the type of institution and the kind of facilities offered by the university, including accommodation food, industrial training. The Fee Structure of B.Com Accounting and Finance is about approximately Rs. 50,000 to Rs. five lakhs over the whole course. There are also a variety of scholarships, both government and private, offered to students who have outstanding merit lists.

B.Com Accounting and Finance Scope

B.Com Accounting and Finance has numerous possibilities when candidates have the capabilities required in the field. Commerce and finance are among the most vital departments of any organization, and thus offer numerous employment opportunities. B.Com degree can be specialised in a variety of ways but it is a perfect blend of accounting, commerce and finance. Students may be able to be promoted to senior positions if they decide to pursue a higher education with a comparable or a different area of study, such as the MBA, M.Sc., M.Com. and an MA. Students who wish to progress towards research can take on the option of a Ph.D after post-graduation.

B.Com Accounting and Finance Career Options

There are a variety of career paths after the completion of BCom Accounting and Finance. After completing the degree students are able to work as an entry-level professional within the finance and commerce industry. After completing this degree, candidates are able to find lucrative jobs in the commerce and finance sector as entry-level professionals earning at minimum 6 lakhs in annual salary. 6 lakhs annually. The most sought-after work profiles include export executive manager of sales teams and corporate manager, risk analyst executive assistant, sales manager and many more.

• Financial Analyst: Financial analysts are experts who analyze the financial information, reports of the company, as well as the financial market conditions. After analysing financial information, financial analysts suggest alternative financial avenues to improve the profit margins of an organization.

• Credit Manager: The credit managers are experts responsible for assessing the creditworthiness of an organization to determine their capacity to repay credit lines, loans that are used to purchase equipment and meet objectives.

• Sales Executive: Professionals in sales responsible for directing sales territories with predetermined income goals. They control the volume of sales that are made during the quarter, and they look for methods by which annual sales are improved to generate more revenues.

B.Com in Accounting and Commerce Job Profiles & Salary

Due to the growing demand for graduates with a degree in business, a large number of students decide to study it. The business field is expanding constantly, and more and more and more students are taking part in this program. A study in commerce offers many employment opportunities and career growth possibilities.

After graduating with a B.Com at the level of Accounting & Commerce candidates can take on higher education or decide to join the business world. There are a myriad of opportunities for BCom graduates starting at entry-level. The most common job titles that are available to BCom graduates include:

Job Roles

Job Description

Average Salary

Junior Accountant

Maintains the ledger of accounts and supervises the transactions. Junior Accountant ensures that accounting procedures are followed correctly.

INR 2.85 LPA

Business Executive

In the role of a Business Executive, one can draw customers to buy products or services through successful marketing strategies. They also help build brand reputation, along with other customers.

INR 3.99 LPA

Accounts Executive

Strategies for marketing that are used to increase sales.

INR 4.70 LPA

Operations Management

As an operation manager, they oversee and manage the costs of operations. They oversee day-to-day the operations of the department as well as the company.

INR 7.6 LPA

B.Com in Accounting and Commerce Top Recruiters

The names of the companies that employ a large number of Bcom graduates is:

SBI

Deloitte

ICICI Bank

KPMG

HDFC

TFC

RBS

Tata Consultancy Services (TCS)

Induslnd Bank

Microsoft

Ernest and Young

HCL Technologies

Punjab National Bank

Hewlett-Packard

Citibank

IBM

HSBC

Reliance

FAQs Related to B.Com finance and accounting

Ques. What is an B.Com finance and accounting?

Ans. B.Com financial and accounting is a bachelor's degree which includes B.Com essential subjects like accounting, commerce business studies and corporate finance, management, and many more, all paired with an emphasis on the areas of accounting, management and more.

Ques. What is the length of the duration of a B.Com in finance and accounting?

Ans. B.Com financial accounting is a 3 year full-time undergraduate degree divided by six equally spaced semesters.

Ques. What are the specialisations offered in B.Com finance and accounting?

Ans. B.Com Accounting and Finance is a qualification that has a specialisation and no additional specialisations.

Ques. What are the criteria for eligibility to be an B.Com financial and accounting

Ans. Candidates are required to finish their 10+2 test by a recognized board of India in any field of study with a an aggregate of at least 50.

Ques. What is the admissions process for an B.Com in finance and accounting?

Ans. B.Com Accounting and Finance admissions process is carried out offline and online in accordance with the scores of students in Class 12 and entrance tests.

Ques. What are the most popular entrance examinations for B.Com finance and accounting?

Ans. IPU CET and BHU UET are among the most prestigious entrance exams that are offered for B.Com Accounting and Finance.

Ques. What is the cost structure for an B.Com Finance and Accounting?

Ans. The fees for B.Com Accounting and Finance program ranges from a price of between Rs. 50,000 to Rs. 4 lakhs for the whole period.

Ques. What will be the amount of money after completing an B.Com in finance and accounting?

Ans. The annual average salary for the B.Com accountant and finance professional is 5 lakh rupees. 5 lakh per year.

Ques. Which companies employ B.Com Finance and accounting graduates?

Ans. Larsen & Toubro, Nestle, Flipkart, Microsoft, Amazon and Wipro are among the top recruiters for B.Com finance and accounting graduates.

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