B.Com Professional Accounting is 3-year undergraduate course, the minimum eligibility for which is higher secondary school certificate (10+2) examination with commerce subjects such as accounts, maths, and economics. Admissions are based on counseling after clearing Entrance Tests for different colleges.
Some of the top institutes offering B.Com Professional Accounting course are:
- Vivekanand Global University
- Lovely Professional University
- Bharath University
- Jai Hind College
- DAV College
The average tuition fee for B.Com Professional Accounting in college ranges from INR 90,000 to 5 Lacs for three years.
Some of the job designations which are ideal for a B.Com Professional Accounting graduate are Chief Professional Accounting Officer, Professional Accounting Firm Partner, Finance Director, Audit Manager etc in industries like Banks, Marketing Organizations, Educational Institutes, Business Consultancies, Multinational Companies, Financial Organizations and Export Companies. The initial package in India is around INR 2 to 3 Lacs per annum.
Companies like Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd) hire these graduates.
Top Colleges for Bachelor of Commerce [B.Com] (Professional Accounting)
B.Com Professional Accounting : Course Highlights
Listed below are some of the major highlights of the course:
|Examination Type||Semester System|
|Eligibility||10+2 with science subjects|
|Admission Process||Based on counselling after clearing Entrance Tests for different colleges.|
|Course Fee||INR 90,000 to 5 Lacs|
|Average Starting Salary||INR 2 to 3 lacs per annum|
|Top Recruiting Companies||Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd)|
|Job Positions||Chief Professional Accounting Officer, Professional Accounting Firm Partner, Finance Director, Audit Manager|
B.Com Professional Accounting: What is it about?
Commerce is one of the founding pillars of any civilization. It helps to provide a variety of managerial skills to an aspiring student. The Professional Accounting concentration gives the student a theoretical understanding of how Professional Accounting principles work within a business context. Some schools advise that students gain practical experience through internships.
A core curriculum of business courses with a major in Professional Accounting and less intensive math requirements.The business world is and has always been a major part for any society and this course equips you with the right knowledge and skills in Professional Accounting and finance.
B.Com Professional Accounting: Top Institutes
Listed below are some of the top institutes offering the course in the country with the corresponding locations and fees charged by each:
|Name of Institute||City||Fees|
|Vivekanand Global University||Jaipur||INR 82,500|
|Lovely Professional University||Bhatinda||INR 60,000|
|Bharath University||Chennai||INR 50,000|
|Jai Hind College||Mumbai||INR 4,500|
|DAV College||Chandigarh||INR 23,000|
B.Com Professional Accounting: Eligibility
Candidates should have passed a higher secondary examination with not less than 50% marks from a recognized board and candidates having an academic background in science, commerce and arts stream are eligible to apply for this course.
B.Com Professional Accounting: Admission Process
Generally, students are admitted to B.Com on the basis of merit. The merit is prepared on the basis of candidate’s performance in the higher secondary examination. Some Universities also conduct the entrance test for admitting students. Besides candidate’s academic knowledge, some colleges also conduct personal interview round after the entrance examination.
Some of these Entrance Tests are:
- Narsee Monjee Institute of Management Studies, Mumbai
- Jamia Milia Islamia University, Delhi
- Banaras Hindu University, Varanasi
- Guru Gobind Singh Indraprastha University, Delhi
B.Com Professional Accounting: Syllabus and Course Description
Semester-Wise Breakup of the course syllabus is as follows:
|Semester I||Semester II|
|Financial Professional Accounting- I||Financial Professional Accounting – II|
|Business Economics||Business Economics – II|
|Business Organization||Cost Professional Accounting – I|
|Business Law||Business Communication|
|General English 2||Environmental Science|
|Fundamentals of Mathematics& Statistics||Business Statistics|
|Semester III||Semester IV|
|Corporate Professional Accounting||Advanced Corporate Professional Accounting|
|Cost Professional Accounting – II||Management Professional Accounting|
|Corporate Laws||Financial Management|
|Income Tax Law & Practice||Indirect Taxes|
|Information Technology &Professional Accounting (Lab Based)||Business Research Methods|
|Semester V||Semester VI|
|Advanced Accounts||Corporate Reporting|
|Financial Market Operations||Management Information System|
|Corporate Tax Law & Practice||Project Report – Viva Voce|
|Business Communication – II||Advanced Financial Management|
|Value, Ethics & Governance||Advanced Performance Management|
|Business Analysis||Advanced Audit & Assurance|
|Summer Training Report||E- Commerce|
B.Com Professional Accounting: Career Prospects
After completion of B.Com Professional Accounting, you can apply in any organization for the post of accountant. Every company requires an accountant to keep track of profit and loss of their company. One must have knowledge in areas like Basic Principles of Accountancy, Cost Professional Accounting and Management Professional Accounting to be an accountant. Other than an accountant, there are many career options in this field.
However, the salary of the candidates varies from department to department. Candidates having few years of experience may get lucrative pay. Salaries depend on the nature of organization and type of job. However, it ranges between INR 10,000 and 25,000 per month for a fresh hire.
Some of the popular professional avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions:
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Professional Accounting Clerk.||Perform Professional Accounting and clerical functions to support supervisors. Input type vouchers, invoices, checks, account statements, reports, and other records. Work with adding machines, calculators, databases and bank accounts.||2 to 3 Lacs|
|Auditing Clerk.||Auditing clerks work in conjunction with Professional Accounting and bookkeeping clerks in order to manage accurate financial records for large and small businesses. Auditing clerks are responsible for verifying the accuracy of financial records and catching mistakes made by other clerks or employees.||2 to 3 Lacs|
|Professional Accounting Associate||Assist accountants and auditors with bookkeeping, clerical duties, and managing accounts. Resolve outstanding payments through communication with departments, vendors, and clients. Process, record, and pay invoices, bills, and other transactions.||2 to 3 Lacs|
|Directors (Accounts)||The Account Director is the person to whom the account supervisor and account executives look for support, guidance, and counsel. Responsibilities: Overall growth and development of accounts in his group.||INR 5 to 8 Lacs|
|Accountant||Prepares asset, liability, and capital account entries by compiling and analyzing account information. Documents financial transactions by entering account information. Recommends financial actions by analyzing Professional Accounting options.||2 to 4 Lacs|
|Accounts Receivable Clerk.||Updates receivables by totaling unpaid invoices. Maintains records of microfilming invoices, debits, and credits.||2 to 4 Lacs|
|Bookkeeper||Develops a system account for financial transactions by establishing a chart of accounts; defining bookkeeping policies and procedures. Maintains subsidiary accounts by verifying, allocating, and posting transactions. Balances subsidiary accounts by reconciling entries||4 to 5 Lacs|
|Chief Professional Accounting Officer||Chief Accounting officers (CAOs) are in charge of the entire Professional Accounting department of their institution. They are responsible for their company's Professional Accounting operations and financial reporting functions. They oversee Professional Accounting and administrative staff.||11 to 13 Lacs|
|Audit Manager||The Audit Manager is responsible for organizing and overseeing internal audits in accordance with the annual audit plan, often managing a team of auditors.||10 to 11 Lacs|
|Forensic Professional Accounting||Forensic accountants utilize investigative, auditing, and professional accounting skills to analyze an organization's financial statements while investigating fraud.||2 to 5 Lacs|