Diploma in Financial Accounting Overview

Diploma in Accounting and Finance is a 1-year long diploma course for those students who have passed their 10+2 examinations and had Mathematics as one of the compulsory subjects. This particular course equips a candidate with a diploma degree in Accounting and Finance. It is more of a professional course rather than an academic one.

Go through the full list of top Diploma in Accounting and Finance Colleges in India. 

Any students who have cleared their 10+2 exams from any school duly recognised by the Indian Government are eligible to apply for this course. Most of the colleges ask for a minimum of 50% marks to be eligible. 

The Admission to this course is mainly merit-based, but many top colleges also conduct their own entrance exam for admission to Diploma in Accounting and Finance courses. 

The subjects under Diploma in Accounting and Finance include Fundamentals of Accounts and Finance, Indian Banking System, Use of Technology in Accountancy and Finance, Accounting and Audit Practice, etc. 

Diploma in Financial Accounting Highlights

Admission Process for Diploma in Financial Accounting 

The admission process of the Diploma in Accounting and Finance course is mainly based on the marks obtained in 10+2. Some of the important points related to admission to this course are discussed below. 

Generally, for this course, there is no such process of a common entrance exam. However, different colleges may hold their entrance level examinations.

For availing admission to the course, one has to visit the website of the college or visit the college’s campus for more information.

If you clear the cutoff, you will be called for an interview most times. Some colleges provide direct admission without an interview.

Merit lists are announced shortly after application forms are filled.

Some of the colleges test the general aptitude of the students to give them admission.

General Aptitude Test may include a group discussion and an interview with college officials.

In the case of entrance exams, the students who clear the cutoff will be called in for interviews.

If selected, the student can then go to the allotted college for submission. 

Eligibility Criteria of Diploma in Financial Accounting

The candidates seeking admission to Diploma in Accounting and Finance course must qualify certain minimum eligibility criteria, some of which are mentioned below. 

A candidate must have passed their 10+2 or any other equivalent examination from a recognised educational institution to deem eligible for the Diploma in Accounting and Finance course. 

They also must have Mathematics as one of their compulsory subjects in their high school level qualifying examination to attain eligibility for this particular course. 

The percentage of marks required for admission can vary from one college to another.

Diploma in Financial Accounting Entrance Exam

Since the admission process is mainly merit-based for this particular course of Diploma in Accounting and Finance, there is no such common entrance exam held for the admission of a candidate. Some colleges conduct aptitude tests. 

Some University based entrance exams for this course are discussed below. 

GATA - Goenka Aptitude for Admission it is the entrance exam held by GD Goenka University for admissions into both graduate and undergraduate courses.

MP-VYAPAM-DAHET - MP Vyapam Animal Husbandry Entrance exam is an entrance exam for admission into diploma courses offered by governmental institutions. 

AP-DEECET - Andhra Pradesh Diploma in Elementary Education Common Entrance Test is conducted for students who want to pursue a diploma in education in government institutes in Andhra Pradesh.

Diploma in Financial Accounting Syllabus

Diploma in Financial Accounting Future Scope

Since Diploma in Accounting and Finance is a diploma course, there are many higher study options and future scope after this course. Some of them are discussed below. 

After the completion of the Diploma in Accounting and Finance degree, students can also opt for various other degrees like B.Com, M.Com. etc. This will work to their advantage in future. 

B.Com is a 3-year undergraduate course which basically is the study of the principles of accounting and finance. M.Com is nothing but the Postgraduate level extension of the B.Com degree. 

Students who have already achieved a Diploma degree in Accounting and Finance are also eligible to complete their undergraduate and postgraduate level courses in B.Com and M.com respectively.

The candidate can also take up higher education and study for the job of a Chartered Accountant which will garner them almost 7-9 Lacs INR annually. 

This is really a great prospect which comes with pursuing higher-level degrees further after successful completion of the Diploma in Accounting and Finance course.

There are a lot of diplomas under the field of Diploma in Accounting and Finance as well. Some of these are Diploma in Accounting and Taxation, Diploma in Financial Management etc. 

These are sort of specialisations under the Diploma in Accounting and Management itself and students can earn their degrees in these particular streams.

Diploma in Financial Accounting Career and Jobs

Diploma in Accounting course is the most remunerative course among students. Candidates must possess the desired skillsets to increase the bar of salary.  Being the most lucrative career path, after the completion of the Diploma in Accounting course, candidates get ample job opportunities. The average salary for Diploma in Accountancy candidates ranges between INR 2 lakhs to 10 lakhs. Check the list of job roles offered and the top recruiting companies: 

Account Executive 

Account Assistant 

Senior Assistant 

Accounts/ Finance Manager 

Senior Manager 

DGM/GM