Latest Updates in Accounting Course:
- CA interim and ultimate admit card released in May 2024.
- Exam dates for CUET BCom and Integrated MCom in 2024
- Registration for CSEET Opens in May 2024
About Accounting Courses
Accounting courses involves undergraduate, graduate, and certificate programs online as well as offline. The most popular accounting courses are B.Com and M.Com. Courses from various online and offline platforms, such as Coursera, Udemy, edX, etc., may be included in the accounting certification program.
Accounting Course Highlights
The increasing need for graduates with backgrounds in accounting and commerce is encouraging more students to pursue accounting as a major. To learn all of the course details for the Accounting courses, candidates can look at the table below -
Particulars | Details |
Course Levels | Undergraduate, Postgraduate, Diploma, Certification |
Accounting Courses | BCom, MCom, MBA, CMA, CA, ACCA, etc. |
Duration | Varies according to course |
Eligibility | UG-After 10+2 PG-After Bachelor's degree |
Syllabus | CUET, CMA, CFA, AMU Entrance Exam, etc. |
Job Profiles | Accountant, Senior Accountant, Chief Revenue Officer, Financial Analyst, etc. |
Top Recruiters | KPMG, Deloitte, ICICI, HDFC, Mahindra, Reliance and so on. |
Average Annual Salary | INR 5 LPA -INR 25 LPA |
Fees | INR 2 lakh-INR 6 lakh |
Why Study Accounting?
Below are some of the reasons as to why people study accounts and what entails an accounting course -
- Career Opportunities: There are more career options available in a variety of sectors for individuals with accounting expertise, regardless of experience level or level of education. Giving them an advantage in the job market, it encompasses tax consulting, auditing, and finance.
- Possibilities for Career Growth: Acquiring accounting knowledge can help you advance since it enables you to evaluate and comprehend financial information. Additionally, it opens doors to more senior managerial roles where making financial decisions is a major duty.
- Opportunities for Consultancy: Skilled individuals with a background in accounting who wish to work as consultants can provide financial management, tax planning, and audit compliance services to companies.
- Entrepreneurial ventures: Having an understanding of accounting is a great advantage for anyone wishing to launch their own company. It aids in efficient financial planning and management, which guarantees the venture's viability and expansion.
At every stage of a person's career, learning accounting can be extremely beneficial, providing chances for skill development, professional progression, and business success.
Accounting Certifications Courses
Following are some of the prestigious and well-known Accounting Certification Courses -
- Certified Chartered Accountant by ACCA (Association of Certified Chartered Accountants)
- Chartered Accountancy (CA) by ICAI (Institute of Chartered Accountants of India)
- Certified Public Accountant (CPA)
- Certified Management Accountant (CMA)
- Certified Treasury Professional (CTP)
- Certified Information Systems Auditor (CISA)
Also read - CA Salary
Accounting Courses
The field of accounting education is broad. Both professional and academic programs are offered in accounting. Many small and medium-sized organizations entrust their financial management to accountants.
Among an accountant's general duties include creating balance sheets, profit and loss statements, and summarizing the financial situation through data collection. Students can pursue a Master of Business Administration or Master of Commerce degree to become accountants.
Accounting is the process of keeping track of, reporting, and summarizing financial transactions in order to produce data that can be utilized for decision-making. Globalization and the growing complexity of businesses are the main drivers of the accounting industry's rapid growth. Financial statements like the balance sheet, income statement, and cash flow statement are created by accountants using this data. Accountants' employment is expected to expand by 6% between 2020 and 2030, which is faster than the average for all occupations.
Some of the accounting specializations include:
- Accounting for finances
- Accounting for management
- Accounting for costs
- Accounting for taxes
- Accounting for forensics
- Examination
- Public bookkeeping
Branches in Accounting -
At the professional education level, students can choose from a variety of accounting branches and specializations. The following is a list of some of the primary accounting branches:
Accounting Branches | ||
Financial Accounting | Managerial Accounting | Forensic Accounting |
Cost Accounting | Accounting Information Systems | Fiduciary Accounting |
Auditing | Tax Accounting | Fund Accounting |
Also read - CUET Accountancy Answer Key 2024 Unofficial
Accounting Courses Eligibility Criteria
All accounting-related jobs involve working with numbers and figures. Therefore, whether you choose to pursue an accounting degree, accounting diploma, or accounting certification, having a strong mathematical foundation is essential. According to the requirements of the field, students must have completed mathematics up to Class 12 in order to be eligible for accounting courses.
- The pre-requisite for the BCom in Accounting is a Class 12 Commerce pass with a Math concentration.
- The candidate for the Cost Management Accounting course must have finished Class 10 in order to apply for the Foundation course, which covers the basics of statistics and mathematics.
Top Accounting Exams
- In order to be admitted to BCom/MCom programs with accounting concentrations, candidates must take entrance examinations at the university level. View the list of the most popular entrance exams in India for accounting and commerce.
- Professionally, candidates may choose to pursue the CFA, CMA, ICSI, or ICAI.
Also read - ACCA Syllabus and Subjects
Types of Accounting Courses
A variety of accounting courses are available to those who want to pursue a career in this area. There are degree, diploma, and certification programs in accounting. In the accounting course, students can learn about topics like banking, investing, international finance, and financial report analysis. Examine a few of the well-liked accounting courses.
Accounting Diplomas -
The list of eight well-liked accounting degrees is provided below -
Diploma Accounting Courses | Duration | Fees (in INR) |
PGDM in Accounting & Finance | 2 Years | INR 7-8 lakh |
Diploma in Accounting Management | 1 Year | INR 10,000 to 80,000 |
Diploma in Advanced Accounting | 4 Years | INR 20,000 to 90,000 |
Diploma in Business Accounting | 2 Years | INR 15-20 lakh |
Diploma in Accounting Science | 1 Year | INR 10,000 to 5 lakh |
Accounting Certifications
The list of the top ten accounting certifications is provided below -
Accounting Certification Courses | Duration | Fees (in INR) |
Chartered Certified Accountant (ACCA) | 6 months to 2 years | INR 20,000 |
Certified Financial Planner (CFP) | 6 months to 2 years | INR 50,000- 1 lakh |
Certified Management Accountant (CMA) certification | 3 Years | INR 50,000 to 3 lakh |
Certified Public Accountant (CPA) | 18 months | INR 11,000 |
Chartered Financial Analyst (CFA) | 3 Years | INR 40,000 |
Financial Modeling and Valuation Analyst (FMVA) | 2 Years | INR 40,000 |
Financial Risk Manager (FRM) | 1 Year | INR 27,000 |
Also read - ACCA: Course, Full Form, Eligibility, Exams, Exemptions, Admission 2024, Fees, Scope, Jobs
Accounting Degrees
The top six undergraduate and graduate accounting degrees are listed below -
Degree Courses in Accounting | Duration | Fees (in INR) |
BCom in Accounting & Finance | 3 Years | INR 5,000 to 70,000 |
BCom in Accounting & Taxation | 3 Years | INR 4,000 to 20,000 |
BBA in Accounting & Finance | 3 Years | INR 20,000 to 40,000 |
MCom in Accounting & Finance | 2 Years | INR 20,000 to 2 lakh |
MCom in Accounting & Taxation | 2 Years | INR 10,000 to 1 lakh |
MBA in Accounting & Finance | 2 Years | INR 4 lakh to 25 lakh |
Online Accounting Courses
In addition to traditional degree, diploma, and certificate programs, a number of institutions now provide online accounting courses. Online education offers courses that are the same as traditional courses and are divided into three categories: online accounting certification, online accounting degree, and online accounting diploma. One course that grants a BCom without attending college is the online version of the degree. The regular degree courses offered through full-time education are comparable to the online degree programs.
In addition to the institutes, a number of MOOC platforms offer online accounting majoring courses. To obtain the necessary education, taking online accounting courses can help save money, time, and effort. Additionally, online learning has become more sensible since the pandemic's worldwide shutdown.
Accounting Subjects
The four fundamental subjects of finance, accounting, management, and economics—collectively referred to as FAME—are included in accounting courses. A thorough examination of these topics is included in the course syllabus for accounting degrees, diplomas, and certifications, with a focus on particular specialized areas and aspects. The following are the primary accounting subjects covered in any course -
Semester-1 | ||
Financial Accounting - 1 | Marketing Management | Micro Economics |
Semester-2 | ||
Business Laws | Statistics | Taxation |
Semester-3 | ||
Human Resource Management | Income Tax Law | Financial Accounting - 2 |
Semester-4 | ||
Macroeconomics | Financial markets | Corporate finance |
Semester-5 | ||
Cost Accounting | Company Law | Indian Economics |
Semester-6 | ||
Financial Management | Management Accounting | Banking & Investment |
Top Accounting Colleges
Private Colleges for Accounting Courses -
Students interested in taking Accounting courses can look up the names of some well-known private colleges in the table below -
Name of College | Fees (in INR) |
Amity University, Noida | 2-13 lakh |
Christ University, Bangalore | 70000-8 lakh |
ISBF, Delhi | 22 lakh |
KL College of Commerce, Guntur | 2-4 lakh |
Loyola College, Chennai | 50000-5 lakh |
Manav Rachna University, Faridabad | 2-4 lakh |
Narsee Monjee College of Commerce & Economics, Mumbai | 35000-3 lakh |
St. Joseph's College of Commerce, Bangalore | 2-6 lakh |
Symbiosis College of Arts and Commerce, Pune | 76000-3 lakh |
Government Colleges for Accounting Courses -
The following list includes some of the well-known public universities that provide courses in commerce and accounting. Students can select from government colleges after verifying that their desired courses are offered, as their fees are generally lower than those of private colleges -
Name of College | Fees (in INR) |
Atma Ram Sanatan Dharma College, Delhi | 432-540 |
Deen Dayam Upadhyaya College, Delhi | 540 |
Hindu College, Delhi | 37000-55000 |
Hansraj College, Delhi | 432-540 |
Kurukshetra University Online | 41000-56000 |
Lady Shri Ram College for Women, Delhi | 67000 |
Madras Christian College, Chennai | 84000 |
Ramjas College, Delhi | 29000-45000 |
Shri Ram College for Commerce, Delhi | 88000 |
Sri Guru Gobind Singh College of Commerce, Delhi | 86000 |
Accounting Career Scope: Job Profiles, Salaries and Top Recruiters
There are many different career options available in the accounting field. One can work as an accountant, revenue agent, finance manager, financial analyst, tax policy analyst, tax attorney specialist, employment tax specialist, personal finance consultant, and other positions after completing a relevant accounting course. Accounting recruiters place qualified workers in a variety of roles. In the accounting industry, some of the best job profiles include:
Job Profile | Average Annual Salary |
Accountant | INR 3 lakh |
Senior Accountant | INR 8 lakh |
Revenue Agent | INR 6 lakh |
Chief Revenue Officer | INR 27 lakh |
Finance Manager | INR 9 lakh |
Financial Analyst | INR 4.12 lakh |
Tax Policy Analyst | INR 3.50 lakh |
Tax Consultant Specialist | INR 5.17 lakh |
Tax Specialist | INR 6.87 lakh |
Personal Finance Consultant | INR 6.27 lakh |
Top Accounting Recruiters
Several of India's leading accounting recruiters include:
Top Accounting Recruiters | |
PricewaterHouseCooper | Deloitte |
KPMG | ERNST & Young |
Grant Thorton | Maxim Liberty |
Capactix Business Solutions | Shoolin Consultancy |
Related reading - Government Jobs for Chartered Accountant: Eligibility, Degree, Salary