
B.Com Financial Accounting program is an undergraduate course. The duration of this program is 3 years. Helps students understand core concepts in finance, commerce, and accounting. Students who took Economics as an elective subject in 12th year can choose B.Com. However, science and humanities students can also choose her B.com Financial Accounting as their undergraduate course. B.com graduates have career opportunities in commerce, accounting, finance, banking and insurance. B.com is the perfect course for students who want to pursue an accounting course after completing their bachelor's degree. After completing their B.Com studies, students can apply for jobs in education, advertising, law, journalism, mass communication, law, and design. The starting salary for B.com graduates is Rs.3.5 million. The top job categories after BCom Financial Accounting are Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Tax Consultant, Stock Broker, Economist, Business Development Trainee, Financial Officer, Sales Analyst, and Junior Analyst.
Course Level | Undergraduate |
Duration of the Course | 3 Years |
Examination Type | Semester |
Eligibility | 50% in 10th and 12th board exam |
Admission Process | Entrance exam and Merit-Based |
Course Fee | INR 10,000 to 1,00,000 |
Average Salary | INR 2 L to 7 L per annum |
Top Recruiting Companies | Deloitte, Capgemini, HCL, Mindtree, L&T, Accenture, Wipro, TCS, EY, KPMG, PWC, Accenture, Private Banks like Kotak, ICICI, etc., |
Job Positions | Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Tax Accountant, Stockbroker, Economist, Business Development Trainee, Finance Officer, Sales Analyst, Junior Analyst. |
To gain admission through Entrance-based MTech college, a high UG aggregate is required. Admissions are highly competitive at the top colleges offering MTech courses. Cut-off lists and admission details are advertised regularly during the admissions season on the official website, they must be kept track of. For admission through entrance examination based colleges, the exam pattern, past papers etc. must be downloaded for practice by the aspirants. Preparations must be started at least one month before admissions start so that there is enough time to be well prepared.
To be eligible for admission to B.Com in Financial Accounting, candidates must have passed their 10+2 examination in any stream with a minimum of 50% marks from a recognized board. Candidates who are willing to get admission can apply by both online and offline means. They can fill the entrance form official website of the institute or can directly pursue by reaching the desired institute. Fill the application form required and upload all the necessary documents which are asked in the form. After completion of the process of application, go for counselling round and attend the personal interview round to get your desired college.
Candidates can apply for admission to B.Com in Financial Accounting by visiting the college or university's official website and filling out the application form. They must also submit the required documents and pay the application fee.
Semester I | Semester II |
Financial Accounting | Tamil I |
Principles of Management | English II |
Business Communication | Principles of Accountancy |
Managerial Economics | Business Communication |
Verbal ability | Business Economics |
Semester III | Semester IV |
Advanced Company Accounts –I | Advanced Company Accounts –II |
Capital Market | Company Law |
Corporate Accounting - I | Business Statistical and Decision Techniques |
Marketing | Human Resource Management |
Business Statistics - I | Business Statistics II |
Corporate Finance | Organizational Behaviour |
Marketing | Principles of Marketing |
Open Elective - I | Open Elective - II |
Quantitative Aptitude and Reasoning –II | Communication Skills |
The average salary for B.Com in Financial Accounting graduates is INR 3 to 6 lakhs per annum. Some of the job roles that graduates can take up are:
B.Com in Financial Accounting opens up various career opportunities in the field of accounting and finance. Graduates can work in various sectors such as banking, finance, accounting, and taxation. They can also pursue higher education and specialize in a particular area of accounting or finance.
B.Com.in Financial Accounting is a Bachelor level course. Financial Accountancy is the scope of accountancy care with the preparation of financial communication for conclusion makers, such as stockholders, employees, owners,d banks, suppliers, government agencies, and other contributor. B.Com. is generally 3 academic year degree program and it may be provided on part time basis by various institutes. And it career orienting in nature that opens many job opportunities for them after its completion.
B.Com. Financial Accounting Occupation Areas:
B.Com. Financial Accounting Job Career:
NOTE:- Every college issues a list of documents required. Make sure you have all documents on this list when you apply. Remember to take attested photocopies of all the above. Don't forget to take with you the amount to pay for fees in cash or demand draft.
Given below are few of the important highlights of the program.
Program Full Name | Bachelor of Commerce in Financial Accounting |
Program Level | Bachelor Degree Courses |
Duration of the Program | 3 Years |
Examination Type | Semester |
Eligibility | 10+2 With Commerce Minimum 50% Marks From a Recognised Board |
Admission Process | Entrance Exam and Merit Based |
Average Program Fee | Upto Rs. 1 Lakh |
Syllabus of Management as prescribed by various Universities and Colleges.
Paper Code | Subjects of Study |
1 | Meaning and Scope of Accounting |
2 | Accounting Principles (GAAP) |
3 | Accounting Cycle |
4 | Types of Accounts & Rules of Debit and Credit |
5 | Users of Accounting information |
6 | Branches of Accounting |
7 | Indian Accounting Standards |
8 | Classification of Income and Expenditure |
9 | Advanced Accounts of Partnership firm |
10 | Branch Accounts |
11 | Accounts from Incomplete Records |
12 | Consignment Accounts |
13 | Accounting for Joint Venture |
14 | Hire purchase and instalment purchase System |
15 | Voyage Account |
16 | Self-Balancing Ledgers |
17 | Insurance claim for loss of stock and loss of profit policy |
18 | Accounting for “Not-for-profit” Entities |
19 | Final accounts of Professionals |
20 | Taxation - compulsory paper |
21 | 1 Introduction : Historical background of the Income Tax Act, 1961 ; Definitions-Meaning of various terms viz. Income |
22 | Income Tax |
23 | Assess |
24 | Person |
25 | Assessment Year |
26 | Previous Year |
27 | 2 Residential Status & Incidence of Tax : Determination of Residential Status |
28 | Incidence of Income Tax on the basis of Residential Status of an assess and Basis of charge |
29 | 3 Exempted Income under Section 10 of the Income Tax Act, 1961. |
30 | 4 Income under the head ‘Salaries’ : Determination / Taxation of income under the head ‘Salaries’ |
31 | Income includible in ‘Salaries’- Taxable and Exempted Perquisites |
32 | Amount deductible from ‘Salaries’ – Professional Tax |
33 | Income under the head ‘House Property |
34 | Determination / Taxation of income from ‘House Property’- Deductions available and not available from Income from ‘House Property’- Carry Forward and Set off of losses under the head Income form ‘House Property |
35 | Income under the head ‘Other Sources’: Determination / Taxation of income from ‘Other Sources’- Deductions available & not available from income from ‘Other Sources |
36 | Income under the head ‘Profits & Gains from Business & Profession’: Taxation of Income from ‘Profits & Gains from Business & Profession’- Provisions of section 28 to 44D of the Income Tax, 1961.- Carry Forward and Set off of Business Losses and Unabsorbe |
37 | Income under the head ‘Capital Gains’: Introduction, Basis of Charge & Computation |
38 | Computation of Total Income: Computation of Gross Total Income of Individuals |
39 | Deductions from Gross Total Income under Chapter VI A: viz. under Sections 80 C to 80 U of the Income Tax Act, 1961 |
40 | Interest payable by an assess: Interest payable by assesses under Section 234 A, 234 B, 234 C & 234 D of the Income Tax Act, 1961 |
41 | An Introduction to Indirect Taxes: Meaning & Constitutional support to Indirect Taxes (several Indirect Taxes) |
42 | Direct & Indirect Taxes compared |
43 | Advantages & Disadvantages of Indirect Taxes |
44 | Value Added Tax (VAT): Meaning |
45 | Background |
46 | Incidence of Tax; Important Definitions |
47 | VAT and Sales Tax compared |
48 | Registration |
49 | Assessment & Payment |
50 | Rate of Taxes on goods & declared goods |
51 | Set Off (input tax credit) conditions & procedure; Records & Documents. 5.3 An Introduction to CST. |
52 | Central Excise Duty: Historical Background |
53 | Meaning |
54 | Incidence of Tax; Levy and Collection of Excise Duty; Goods, Excisable Goods, Classification of Excisable Goods; What is Manufacture? ; Cenvat Credit |
55 | Service Tax : Meaning, Background & Incidence of tax |
56 | Levy & Collection of Service Tax |
57 | Terms used in Service Tax – Service Provider |
58 | Consumer of Service |
59 | Input Service |
60 | Taxable Service |
61 | Exempted Service |
62 | General Exemption from Service Tax ; Persons liable to pay service tax with exceptions |
63 | Cost & Management Accounting - compulsory paper |
64 | Introduction: Cost Concepts |
65 | Cost Object |
66 | Cost Classification (CAS-01) |
67 | Cost Organization And Its Relationship With Other Departments |
68 | Material Cost – Procurement Procedure |
69 | Store Procedure and Documentation In respect of Receipts and Issues Of Stock |
70 | Perpetual Inventory And Physical Stock Taking |
71 | ABC Analysis |
72 | VED Analysis |
73 | Level Of Inventories and Economic Order Quantity (EOQ) Analysis |
74 | Labour Costs — Remuneration Methods |
75 | Monetary And Non-Monetary Incentive Schemes |
76 | Payroll Procedures |
77 | Measurement Of Labour Efficiency and Productivity |
78 | Analysis Of Non-Productive Time |
79 | Overtime - Cost & its Treatment |
80 | Labour Turnover And Remedial Measures |
81 | Direct expenses — nature |
82 | collection, classification and treatment of direct expenses. |
83 | Overheads — Nature, Collection, Classification, Apportionment and Absorption. (CAS – 03) |
84 | Production Overheads — Collection, Apportionment, Absorption |
85 | Use of Predetermined Recovery Rates |
86 | Treatment of Under and Over Absorption |
87 | Fixed |
88 | Variable and Semi Variable Overhead |
89 | Report for Control of Overhead Cost |
90 | Administration, Selling and Distribution Overheads — Analysis |
91 | Accounting and Control |
92 | Treatment of Miscellaneous Items in Cost Accounting |
93 | Preparation of Cost Sheet (Advanced Comprehensive Examples only) |
94 | Specific Order Costing —Determination Of Cost In Job And Batch Costing |
95 | Valuation Of Work-In-Progress In Job Costing |
96 | Cost Accounting Records — Cost Accounting Systems – Integrated and Non-integrated |
97 | Reconciliation Of Cost And Financial Accounts |
98 | Process Costing — Treatment Of Normal And Abnormal Losses And Gains |
99 | Valuation Of Opening And Closing Raw Materials |
100 | Finish Goods |
101 | Valuation Of Work-In-Progress Using First-In – First-Out And Average Methods (Equivalent Production) |
102 | Inter-Process Transfer And Pricing |
103 | Concepts And Accounting For Joint Products |
104 | By-Products |
105 | Waste |
106 | Packing Materials (Empties), Scrap |
107 | Spoilage And Defectives, Research And Development Expenses |
108 | Activity Based Costing: Definition and Meaning objectives |
109 | Steps in Activity Based Costing |
110 | Cost Pools and Cost Drivers |
111 | Activity Based Information and Decision Making |
112 | Service Costing - Meaning |
113 | Definition |
114 | Application, Identification of Cost Unit, Cost Determination & Cost Control |
115 | Uniform Costing and Inter Firm Comparison |
116 | Introduction of Management Accounting: Meaning |
117 | Definition, Importance in Business Decisions, Classification of Costs in relation to business decisions |
118 | Marginal Costing and Break-Even Analysis — Basic Concepts |
119 | Marginal Costing and Absorption Costing |
120 | Cost-Volume-Profit Analysis |
121 | Break-Even Analysis |
122 | Limitations of Break-Even Analysis |
123 | Differential Cost Analysis and Relevant Cost Analysis |
124 | Applications for Management Decision Making (Simple Types) |
125 | Budgetary Control — Basic Concepts |
126 | Functional Budgets and Master Budgets |
127 | Flexible Budgets, Zero Based Budgeting |
128 | Standard Costing — Concepts/Uses and Establishing a Standard Costing system |
129 | Setting of Standards, Variance Analysis |
130 | Recording and Reporting |
131 | Relationship of Standard Costing and Budgetary Control |
132 | Advanced Accounting I (Group A: Accounting & Auditing; Special Paper I |
133 | Accounting for shares Issue – forfeiture – Re-issue of shares Buy back of shares- Underwriting – Bonus shares |
134 | Share Split and Reverse Split Right issue- Surrender of shares |
135 | Redemption of Redeemable Preference shares |
136 | Accounting for Debentures Issue and Redemption of Debentures (Various method), Bonus Debentures |
137 | Company Statutory Records Statutory Books – Statistical records – Statutory records |
138 | Acquisition of Business – profit prior to Incorporation |
139 | Accounting for Depreciation and Fixed assets (As per the provisions of As-6 and As-10) |
140 | Final Accounts of Joint Stock Companies Preparation and presentation of Final Accounts in compliance of Schedule VI- (Vertical format) covering As-1, As-2, As-4, As-5, and As-29. (Excluding Computation of Managerial Remuneration and Divisible Profit) |
141 | Cash Flow Statement (As per As-3) – Indirect Method |
142 | Funds Flow statement -Statement of changes in Working Capital, Statement of Funds from Operation3 |
143 | Statement of sources and Application of Funds |
144 | Valuation of Goodwill Meaning – Definition – Factors affecting Goodwill-Future Maintainable profits- Normal rate of return- Average Capital Employed-Methods of Valuing Goodwill- Simple Profit Method-Super Profit Method – Capitalization Method. Annuity Me |
145 | Valuation of shares Need for valuation-Methods of Valuation of shares – Intrinsic Value Method – Yield Method- Fair book value method- Valuation based on P/E ratio |
146 | Investment accounts as per As-13 Definition- classification of Investment- Cost of Investment –valuation of Investments- Disposal of investment- Reclassification of Investment, Preparation of Investment account for Interest & dividend bearing Securities |
147 | Accounting for Lease Transactions as per As-19 Types of lease- Accounting for operating lease & Finance lease & Sale and leaseback |
148 | Accounts of Hotel Business Nature of Hotel companies - Sources of revenue – Heads of Expenditures – Important Terms, Significant accounting policies |
149 | Capital Market) (Group – B: Finance & Investment Management; Special Paper - I |
150 | Financial Management: Introduction |
151 | Core Concepts |
152 | Objectives |
153 | Finance Functions |
154 | Organization of Finance Function |
155 | Time Value of Money: Concept and Applications |
156 | Statements of Financial Information, and Financial Statements Analysis |
157 | Sources of Finance |
158 | Leverages |
159 | Dividend Policy |
160 | Working Capital Management (including basic elements of cash management, credit management and inventory management) |
161 | Cost of Capital |
162 | Basics of Capital Budgeting |
163 | Personal Finance: Introduction, Goals |
164 | Importance of Personal Financial Management |
165 | Personal Financial Statements (Income Statement and Balance Sheet) |
166 | Financial Planning and Budgeting |
167 | Spending money wisely |
168 | Tax Planning for Personal Incomes |
169 | Savings and Investments |
170 | Avenues for Investments: Financial Securities |
171 | Real Estate |
172 | Precious Metals and Derivatives |
173 | Depository System |
174 | Diversified Personal Investment Portfolio |
175 | Borrowings for short term and long term personal needs |
176 | Insurance: Life, Health, Property and Liabilities |
177 | Retirement Planning |
178 | Audit & Auditor’s Assurances) (Group – A: Accounting & Auditing; Special Paper - II |
179 | Principles of Auditing (with reference to AAS-1) Definition |
180 | An overview of Auditing & Assurance Standards (AAS) |
181 | Objects (with reference AAS-4) |
182 | advantages and different classes of Audit. Qualities of a Good Auditor. Preparation before commencement of Audit |
183 | Audit program (with reference AAS-8) |
184 | Audit Notebook, Audit Files, Working papers (with reference AAS-3) |
185 | Internal Check, Internal Control (with reference AAS-6) and Internal Audit |
186 | Special Audit Techniques: - Analytical Procedures (AAS - 14) - Types of sampling, Test check system of Audit (with reference AAS-15) |
187 | Meaning and Object of Vouching (with reference AAS-5). Vouching of various types of transactions |
188 | Meaning of Verification and Valuation, Verification and Valuation Principles |
189 | Verification and Valuation of Assets and Verification of Liabilities |
190 | Contemporary issues on Auditing |
191 | Provision relating to auditors under The Companies Act, 1956: Appointment, Reappointment, Remuneration and Removal of Auditors, Qualifications and Disqualifications |
192 | Rights, Powers, Duties and Liabilities of an auditor |
193 | (a) Statutory Report to be placed before statutory meeting |
194 | Dividend and appropriation of Profits including divisible profits |
195 | Share Capital and Debenture Audit |
196 | Auditing in Computerized environment |
197 | Investigation – Meaning, difference between investigation and Audit, various types of investigation |
198 | Following sections of the Companies Act, 1956 |
199 | Sec. 209 - Books of accounts to be kept by the Company |
200 | Sec. 210 - Annual Accounts & Balance Sheet |
201 | Sec.227 - Auditors Report including CARO, 2003 as amended by CARO, 2004 |
202 | Sec.228 - Branch Audit |
203 | Sec.233A - Power of Central government to direct special audit in certain cases |
204 | Sec.233B - Cost audit |
205 | Audit under Fiscal Laws- Tax Audit & Vat Audit |
206 | Recent Trends in Company Audit |
207 | Advanced Accounting – II) (Group – A: Accounting & Auditing; Special Paper - III |
208 | Final Accounts of Joint Stock Company (Advanced) Computation of Managerial Remuneration-Divisible Profit -Application of As-15 As-22 As-29 Notes to accounts-Corporate Governance Report |
209 | Earnings Per Share (EPS) as per Ads-20 Computation of Basic and Diluted Earnings Per Share |
210 | Accounting for Amalgamation as per Ads-14 Legal Provisions-purchase Consideration-Amalgamation Purchase (Excluding inter Company investments) |
211 | Reconstruction of Company External Reconstruction - Internal Reconstruction-Alteration of Share Capital & Reduction of Share Capital surrender of shares-Dissenting shareholders |
212 | Liquidation of Joint Stock Companies Meaning of Liquidation- Modes of winding up – statement of Affairs – Deficiency or Surplus account |
213 | Liquidators Final statement of accounts- Receiver for Debenture holders – “B” list of Contributories |
214 | Holding Company Accounts (With one subsidiary company only) Consolidated Balance Sheet Definitions as per As-21- wholly and partly owned Subsidiary Companies-pre & post acquisition profits/losses-Cost of control-Minority Interest- Unrealized profit-Inter |
215 | Accounts of Banking Companies Legal provisions relating to Final accounts of Banking companies – Disclosure of Accounting policies- prescribed formats of Profit and loss account and Balance Sheet Norms for Income recognition, NPAs, Asset classification a |
216 | Accounting for Intangibles (AS-26) |
217 | Accounts of Insurance Companies Life Insurance-General Insurance various terms used in insurance business |
218 | IRDA provisions – Statutory financial statements of life and General Insurance business in prescribed formats |
219 | Accounting for foreign currency transactions (AS-11) |
220 | Emerging Trends in Accounting |
221 | Financial Analysis & Reporting) (Group – B: Finance & Investment Management; Special Paper - II |
222 | Company Final Accounts: Preparation and Presentation of Final accounts in compliance of Schedule VI - Accounting for Depreciation of Fixed Assets – AS-1,2,4,5,6,9,10 and 29 |
223 | Financial Statements Analysis: Statements of Financial Information – Users – Accounting Ratios – Types of Ratios – Basis of Comparison – Limitations of Ratios – Du Pont Analysis |
224 | Predicting Corporate Failures using Z score models – Comparative Statements Analysis – Common size Statements |
225 | Reporting to Shareholders: Contents of Annual Reports – Chairman’s Statement |
226 | Directors’ Report, Auditor’s Report, Financial Statements, and Corporate Governance Report - Management Discussion and Analysis, Voluntary and Mandatory Disclosures – Segment Reporting – Interim Financial Reporting |
227 | Value Added Statement – Economic Value Added – Triple Bottom Line (People, Planet and Profits) Reporting – Corporate Social Reporting |
228 | Financial Analysis & Reporting |
229 | Banking Companies |
230 | Mutual Funds |
231 | Stock Brokers |
232 | Investment Management) (Group – B: Finance & Investment Management; Special Paper - III |
233 | Meaning of Investment |
234 | Real Assets vs. Financial Assets |
235 | Investment vs. Speculation |
236 | Investment Attributes: Rate of Return, Risk, Marketability, Tax Shelter, and Convenience |
237 | Investment Alternatives – a Panoramic View |
238 | Risk and Return: Sources of Risk, Types of Risk, and Components of Return, Measuring Historical Return and Risk, and Measuring Expected Return and Risk |
239 | Efficient Market Hypothesis: Concept, Three Levels of Market Efficiency and Implications for Investment Analysis |
240 | Equity Valuation: Balance Sheet Valuation |
241 | Dividend Discount Model |
242 | Drivers of Growth |
243 | Earnings Multiplier Approach (P/E Ratio) |
244 | Bond Prices and Yields: Bond Characteristics, Bond Prices, Bond Yields, Risks in Bonds, Rating of Bonds, Yield Curve and Determinants of Interest Rates |
245 | Fundamental Analysis: Macroeconomic and Industry Analysis, Company Analysis |
246 | Technical Analysis: Basic Premises, Charting Techniques and Technical Indicators |
247 | Portfolio Theory: The Benefits of Diversification, Portfolio Return and Risk, Measurement of Co-movements in Security Returns, Efficient Frontier, Optimal Portfolio |
248 | Capital Asset Pricing Model (CAPM): Basic Assumptions, Capital Market Line, Security Market Line, Inputs required for applying CAPM |
249 | Portfolio Management Framework: The Grand Design |
250 | Futures and Options: Simple Strategies of Hedging, Speculation and Arbitrage – Commodities Futures |
251 | Tax Aspects of Investments |
Mentioned below are some states in India that offer the program.