Accounting and Finance Course: Certificate, Fees, Duration, Syllabus, Placement & Jobs
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Accounting and Finance Course: Certificate, Fees, Duration, Syllabus, Placement & Jobs

08 Nov,2020

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Accounting and Finance Course:

In the fast-growing world where the face and aspects of the era have been changing day by day, people have experienced a widened road for opportunities and development. While forging the way towards career building, students are now exploring new and productive options these days. Moreover, the companies and various organizations also need some representatives to stay vigilant on the financial activities of the organization and maintain a proper account of the work. So, the increasing number of companies and the demand for respective employees leads to the introduction to a great scope in the sectors like accounting & finance.

One of the primary concerns that people have been showing is regarding the career and scope of accounting and finance courses. While coming across relevant information with respect to these concerns it is vital to come across the achievements, development, and ongoing performance of the respective sector. Staying acquainted with them would help you inculcate the requirements and follow the path that can lead you to uplift your future in the respective field. Moreover, by knowing about the jobs involved and working areas you can be more familiar with the field and make the most suitable decision according to your comfort. 

What can I do with a degree in accounting & Finance?

From an educational institution to a hospital or any other commercial organization, there is always a person, team, or department, depending on the size of the organization to look after the finances and make a record of the respective operations. Therefore, there is no denial of the fact there is an immense opportunity available in this field that can improve the graph of your career and scope of Accounting and Finance Course. The regular employers are mostly from insurance companies, investment banks, management consultancies, accountancy firms, etc. These recruiters mostly hire graduates of the respective field to work in a specified work area. 

The table given below will give you an insight into the type of job profiles, accounting, and finance courses provide you. Reference to the table will help you come across the various modes of opportunities that can serve the purpose of a reliable career.

Job Profiles

Working Areas

  • Chief Financial officer

  • Financial advisor

  • Chartered Management Accountant

  • Finance manager

  • Director in Finance

  • Company Secretary

  • Financial reporting Accountant, etc.

  • Chartered Certified accountant

  • Forensic Accountant

  • Stock Broker

  • Management Accounting

  • Real estate Finance

  • Audit

  • Real estate finance

  • Financial areas

  • Arbitrator

  • Economist

  • Data Analyst

  • Mortgage advisor

Getting substantially acquainted with the information related to job profiles and working areas would give you clarity as well as increase your inclination towards choosing the course. So, when people face numerous confusion and a series of doubts regarding job profiles and areas of accountants and finance employees, such details can come of great help. The basic requirement of skills for such types of courses is that the student should have good analytical as well as quantitative skills.

The awareness regarding business administration, investments, etc. holds the utmost importance to perform better in the field. The habit of staying acquainted with global business can also benefit a person in enriching the skills and flourishing as a good professional. 

Various Accounting and Finance courses to pursue:

The courses and the respective duration forms the other part of a student’s research process. Knowledge of the different types of courses available can help students to monitor their learning process in a particular subject-oriented manner. 

No.

Courses

Duration

UG

B.Com. in Accounting & Finance

BBA in Accounting & Finance

B.Com in Accounting & Taxation

Bachelor of Commerce in Accountancy

Bachelor of Accounting and Finance

3 years

3years

3years

3years

3 years

PG

M.Com in Accounting & Finance

MBA in Finance & accounting

Master of Finance and Accounting

Postgraduate diploma in accounting and Finance

Post Graduate Diploma in Computer Accounting & Auditing

2years

2years

2 years

1 year

1year

Diploma

Diploma in Accounting & Finance

1 year

The above table gives you a brief insight into the number and types of courses that can be pursued in accounting and finance. Moreover, it consists of the information related to Accounting and Finance Course duration. The factor of duration varies with respect to the types of courses chosen. 

First and foremost, the undergraduate, postgraduate, and diploma courses consist of a varied number of courses that come within, involving the respective accounting and finance syllabus. The UG courses consist of BBA and B.Com. in accounting and finance,  B.Com in accountancy, etc. and the PG courses comprise M.Com and MBA in accounting and finance, etc.

The basic eligibility criteria for UG courses is that the students should have passed the 10+2 exam ( required to have taken commerce and mathematics as their intermediate subjects) with a substantial score because the admission process for most of the colleges is through a merit list. 

For the postgraduate courses, the students are required to have pursued B.Com/ BFM/BMS, etc. Apart from these qualifications, the student should carry a good analytical skill as well as an inclination towards learning field-oriented techniques and in order to stay competent in the working environment in the future.
Let us delve into learning more about each course and the respective colleges offering the courses.

Diploma Courses:

A diploma in accounting and finance is one of the most suitable options for those who want to get started in building their career as soon as possible by gaining field-specific knowledge just after their intermediate studies. This diploma course is a one year program which is mostly inclined on the professional aspect rather than academics. The criteria for admission in most colleges require an aggregate of 50% marks in 10+2. Some of the colleges depend on merits while some rely on entrance exams as well for intaking the number of students. 

Here are some of the top colleges that offer a Diploma in accounting and finance. 

Institute Name 

Location

 (Avg. Fees)

AD Process

Maharaja Sayajirao University of Baroda

Vadodara

13,160

Based on Merit

NIIT

Rohtak

42,000

Entrance Exam

GD Goenka University

Gurugram

70,000

Goenka Aptitude Test

Amity University

Noida

1,20,000

Entrance Exam

Pondicherry University

Pondicherry

26,000 

Entrance Exam

The above table consists of the information regarding the aspects such as location, annual fee, and admission process of the respective colleges. Along with this information, concerns regarding the information of eligibility, subjects, and required skills also arise in a student’s mind. Although students from any stream can pursue the respective course, the commerce stream could be the most preferable of all. Moreover, there might be colleges that can prefer the candidates to have taken mathematics as a compulsory subject as well.

The accounting and finance syllabus for diploma courses consists of objects like Accounting and Audit Practice, Fundamentals of Accounting, Capital market, Indian Banking System, Economic & Finance Introduction, and many more other subjects. 

The admission process of accounting and finance for the diploma course varies with respect to different colleges in which some of them conduct entrance exams for intaking the students whereas some colleges prefer intaking the students on the basis of their merits. The course duration is one year that contributes significantly to the students in acquiring theoretical as well as practical knowledge of the subject and getting employed in a very short time. 

UG Courses:

The Ug courses that mostly cover a duration of 3 years consist of diverse courses such as BBA in Accounting and Finance, Bachelor of Accounting & Finance, etc. Some of the top institutes offering the PG courses are Narsee Monjee college of commerce and economics, Stella Maris College, etc. The eligibility criteria, course fees, the type of courses available and the type of admission process varies with respect to different colleges. 

The table is given below consists of the respective information related to some of the top colleges offering the UG courses. 

Institute Name 

Location

 (Avg.Fee)

Courses

Ad Process

Narsee Monjee College of Commerce and economics

Mumbai

60,000

B.Com (Accounting & Finance)

Merit-based

Stella Maris College 

Chennai

88,900

B.Com (Accounting & Finance)

Merit-based

HR College of Commerce & Economics

Mumbai

30,000

B.Com (Accounting & Finance)

Merit-based

Christ University

Bangalore

4,55,000

B.B.A. (Accounting & Finance)

Merit Score

The candidates who have completed their 10+2 from a recognized board or university are eligible to pursue the UG course. The Admission process of accounting and finance for UG courses is mostly merit-based for most of the colleges but some of the colleges conduct entrance exams to intake students. The students from the commerce stream can have the benefit in such exams they can be more preferred.

As some of the colleges show importance or a significant preference for mathematics as a compulsory subject, students aspiring for taking accounting and finance should keep this in mind. Students can also choose to pursue distance education in this subject.

The accounting and finance syllabus for different UG courses vary according to the type of course offered. The job profiles for such posts can be of Operations Manager, Financial Analyst, Corporate Analyst, accounts assistant, etc. Some of the top recruiting sector companies for the graduates in this field are Financial agencies, Banking sectors, audit offices, educational institutes, stock exchange, etc.

By opening diverse options and widening the roads of learning, the numerous UG courses in accounting and finance build the students to make them worth performing substantially in their profession. 

PG Courses:

The PG courses in accounting and finance is a two-year program that is pursued by students after their graduation. Such courses are preferred to develop deep night in the Courses and gain profound knowledge about the field-oriented as well as theoretical information. The criteria of eligibility for most of the colleges with respect to this course is that they must have a score of at least 50% in their graduations in B.Com, B.Com(Hons.), B.Com (Economics), etc.

However, the criteria for eligibility is subject to reservation of ye candidates who fall in the different category respectively. 

The table is given below consists of the list of some of the PG courses available and the information regarding the subjects, colleges, fee,s and admission process with respect to the courses. 

Courses 

Colleges/Universities

Subjects

Avg. Fee 

Time Duration

M.Com

Annamalai University, GGSIPU, Delhi University, etc.

Corporate accounting, Financial accounting, Direct taxes, Computerised accounting, etc.

INR 8000- 2.5 lacs

2 years

Masters in Finance and Accounting (MFA)

University of Allahabad(Uttar Pradesh), Presidency College(Karnataka), Institute of Business Management & Technology (Karnataka), etc. 

Modern Banking, e-Commerce, security analysis, cost control techniques, etc. 

INR 30000- 2.5 lacs

2 years

MBA accounting

Delhi Technological University, IIT Bombay, ICFAI University, Rabindranath Tagore University, etc.

Management accounting, Material & Logistics Management, Managerial Economics, etc.

INR 4lacs- 15lacs

2 years

PG Diploma in Finance

Symbiosis International(Pune), Institute of Business & finance, (New Delhi), M.S Ramaiah Institute of Management, etc. 

Managerial economics, Capital market, Management of bank, Management accounting, etc. 

INR 10,000 - 6 lacs

1 year

The admission process of accounting and finance for some of the courses like M.Com are done by a common Entrance exam by most colleges but some of the colleges choose a merit-based selection process.  The various subjects offered in courses like MFA, M.Com A&F, MBA in accounting, etc. include subjects like logistics management, cost control accounting, computerized accounting, etc. in the accounting and finance syllabus. Furthermore, the job profile for courses like MBA financial managers, forensic accountants, chief compliance officers, etc.

After the students complete their graduations, the PG courses open more options for the students to gain new skills and improve at the pre-acquired ones. By pursuing this course the candidate has an increased chance of adding professional aspects to the theoretical knowledge acquired under the guidance of the faculty of the respective college. 

Worrying over Career and scope of Accounting and Finance Course:

There is a primary concern that revolves in the mind of the students about the career and scope of Accounting and Finance Courses. Although the fact is utterly undeniable that the person choosing the field should be extremely good with quantitative and field-oriented skills. Moreover, they should carry a keen vision for keeping even the trivial things of an organization in the correct order.

Even the professionals who are efficient in their field and hold a profound knowledge prefer staying updated with newly introduced schemes, occurred events, or any other relevant news related to the field. This helps them stay competitive in this fast-changing scenario of the world. 

 There are several benefits that come along with having a career in accounting and finance. Due to the ever-expanding economy and a fast-growing and changing era, there has always been a limitless demand for skilled employees in the field of accounting and finance. If someone considers the factor of jb security as a major concern, the demand that is encountered by this sector has created a great range of options for the people working in it. Therefore, they can choose the organization type and environment with respect to their wish and work accordingly.

In this field, a person also has an option to become one’s own master by being self-employed and performing better in the field. Such factors make a relevant contribution to make the work flexible. Along with learning about the courses, colleges, job profiles, and areas of accountants and finance employees, such facts about the sector can give a direction to your career-related thoughts.

Advantages of choosing an Accounting and  Finance Course:

There has been a great vogue of studying and making a career in accounting and finance. The high demand due to the gradually widening market has contributed as a vital reason behind the preference and inclination towards this field. There are some of the advantages of choosing accounting & Finance courses as a career option, have a look at some of them.

  • There is a varied availability of field and specialization under accounting and finances. A student has the option to explore diverse courses and choose accordingly.
  • The course has a very high demand due to a great career prospect in the job profiles like chartered management accountant,  Chief Financial officer, etc. that reflects the surge of your career and scope of Accounting and Finance Course
  • There is a substantial salary package for the graduates or other students who pass from the subject through various courses. This factor carries significant potential and gives a major boost to the factor preference. 
  • If the respective professional holds profound knowledge and field-oriented skill, there are chances of great career advancement in this field as well. 

Conclusion:

There is no denial of the fact that the education sector has bestowed numerous options upon the students with respect to diverse sectors. The sector of accounting and finance is one of them has been touching new heights with every passing day due to the effect of globalization and fast-changing world. Meanwhile, students face a primary concern about the career and scope of the Accounting and Finance Course at the foremost.

This concern is followed by the search for the appropriate college, courses, and other related information like the syllabus involved, fee, etc. in this article, we have tried to cover all the respective aspects. Hopefully, such information can stand of great help and aid you in getting acquainted substantially. 

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