B.Com Accounting and Finance: All You Need to Know

Among the many undergraduate degree options available to students, the Bachelor of Commerce or B.Com is rather popular. The degree offers several specialization options to students as well, allowing them to choose their area of interest for their future career path. Several students opt for a B.Com in Accounting and Finance. The course is a perfect blend of theoretical concepts and practical training. Amity University Online and TCS iON have entered into a collaboration to offer B.Com in Accounting and Finance. This partnership is an endeavor to prepare students to face real-world business environments by equipping them with industry-relevant skills through the course.

What Is B.Com Accounting And Finance?

Traditionally, many universities have been offering undergraduate degrees in two subjects separately - B.Com Finance or B.Com Accounting. This program is a perfect blend of the two key subjects in the Commerce domain - Accounting and Finance.

The Bachelor of Commerce in Accounting and Finance is a 3-4 year undergraduate program (duration may vary as per the institute offering the degree). The course enables students to learn the key concepts that are integral to the working of every business organization - operational processes, finance management, accounting, taxation, and their impact on the economy as a whole, among many other topics of study.

Who Should Pursue B.Com Accounting And Finance?

B.Com Financial Accounting degree is ideal for the following students:

• Students who are interested in a career in the world of banking and finance
• Students with a career aspiration of becoming a Finance Manager
• Students with an interest in the domain of investment management and want to become Investment Banker
• Students keen on assuming the role of Audit Manager

Subjects Taught In B.Com Finance And Accounting Degree

The course curriculum of the degree program is divided into two semesters. This may vary according to the course duration and the structure followed by the university offering the program. Some universities also offer a host of options for electives to students. Listed below are some of the core subjects offered as part of the B.Com Accounting and Finance degree curriculum:

• Corporate Law
• Business Economics
• Cost Accounting
• Financial Accounting
• Income Tax
• Auditing
• Financial Management
• Corporate Accounting

Top Skills Taught In B.Com Accounting And Finance Courses

Apart from the subjects mentioned above, the degree also equips students with a wide range of industry-desirable skills, such as:

• Managerial skills
• Strategic thinking
• Product and market awareness
• Effective communication
• Attention to detail
• Critical analysis
• Business and management acumen
• Effective decision-making
• Time management
• Leadership ability

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Eligibility Criteria For B.Com Accounting And Finance Courses

Students interested in pursuing a degree in B.Com Accounting Finance must meet the following criteria:

• Completion of at least 10+2 from a recognized education board with the minimum aggregate required by the applying university
• Clearance of entrance examination, if required by some institution

Scope Of B.Com Accounting And Finance In India

Students graduating with the degree are eligible to apply for some rewarding job roles in the relevant fields of work. These include the accounting, finance, and banking sectors in India. Some of the top job roles that course graduates can apply for include:

1. Accountants: They maintain accurate records of all financial transactions in the organization. They analyze financial data to prepare these reports.

Average annual salary (approx.): Rs 1 lakh - Rs 6 lakh per annum

2. Auditors: They are responsible for reviewing the financial accounts of an organization and ensuring the validity of these records.

Average annual salary (approx.): Rs 4 lakh - Rs 10 lakh per annum

3. Business Analyst: They analyze the performance of the organization and plan strategies to improve the company’s performance.

Average annual salary (approx.): Rs 3 lakh - Rs 16.9 lakh per annum

4. Risk Analyst: They identify potential risks to the company by drawing analyses from the investments made by the organization and prepare a report suggesting means to mitigate the risk.

Average annual salary (approx.): Rs 5 lakh - Rs 10 lakh per annum

5. Financial Analyst: They analyze all financial data of the company, prepare financial reports, advise individuals and organizations related to investment decisions, and maintain client interactions on behalf of the company.

Average annual salary (approx.): Rs 2 lakh – Rs 12.3 lakh per annum

Summing Up

Choosing a course at the undergraduate level is a crucial decision. It determines your career path and your prospects. A B.Com in Accounting and Finance is one of the most popular choices for students aspiring for a career in the finance sector.

Amity University Online offers specialized courses in Accounting and Finance in collaboration with TCS iON. This partnership is aimed at helping students learn industry-specific skills relevant to their career growth and advancement. Moreover, internships and placement assistance are also assured to the students to support them with taking the first steps on their career trajectory. Students of Amity Online are allowed access to TCS iON’s online learning resources, including live lectures by industry experts, for enhanced learning.

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