Bachelor of Science in Accountancy Top Colleges, Syllabus and Scope

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Pranjal Singhal

Content Curator | Updated on - Oct 25, 2021

B.Sc. in Accountancy is a 3- year full- time course divided into 6 semesters, with each semester lasting a period of 6 months. Accountancy is concerned with the provision and analysis of information for a variety of purposes. These include regulation, resource allocation, and a range of other decision- making tasks, both within and outside of an organization.

Finance addresses the ways in which money is raised and distributed over time, including the measurement and management of risk, the valuation of financial assets, and the operations of capital makers and their relationships with government, financial institutions and businesses.

These subjects are informed by a range of perspectives including those from Economics, Mathematics, Behavioural And Political Science, Psychology and Sociology. B.Sc. accountancy offers eligible candidates a thorough working knowledge of accounting and finance theory and methods in the context of social science.

Students are taught to prepare and interpret financial and managerial information for a variety of users, as well as acquire an understanding of the theory and practices of investment and finance. The process of recording and summarising financial transactions is known as 'bookkeeping'.

When the data is produced in reports for the use of individuals or companies outside the organisation, the process is called 'financial accounting'. It refers to the process of measuring, summarising, and communicating the financial information produced by bookkeeping to classify and explain account information to relevant parties such as shareholders and managers.

The use of this information also makes it possible to forecast future financial developments, analyse different areas of the business and evaluate business potential.

The average annual course fee in India ranges between INR 2,000 and 4 lakhs, depending upon the institute offering the course. The average annual starting salary offered in India to successful postgraduates of the course ranges between INR 3 and 10 lakhs, depending upon the candidate’s expertise in the field.

B.Sc. in Accountancy: Course Highlights

Listed below are some of the major highlights of the course.

Course Level Under Graduate
Duration 3 years
Examination Type Semester System
Eligibility 10+2
Admission Process Based on 10+2 marks
Course Fee INR 2,000 to 4,00,000
Average Starting Salary INR 3,00,000 to 10,00,000

B.Sc. in Accountancy: What is it About?

The programme is ideal for those eligible candidates who wish to pursue a career in accountancy, consulting or in financial services. Graduates of the course are equipped to use accounting statements and financial information to aid in decision-making. The course covers theory and practices involved in financial accounting, working capital management, risk management, business valuation, mergers and acquisitions which are all of primary concern to a Corporate Manager.

The course is designed to build in eligible candidates a strong foundation in accounting and finance, particularly for those who wish to pursue a professional accountancy qualification or academic study in related areas after graduation. The creation of these reports typically occurs, monthly and is used for internal planning and decision-making. This is known as 'management Accounting'.

The aim is to provide managers with reliable information regarding the costs of operations and on standards with which those costs can be compared in order to assist with budgeting.

Top Institutes Offering B.Sc. in Accountancy

Some of the top institutes offering the course in the country with the corresponding locations and fees charged by the respective colleges are listed below.

COLLEGE NAME CITY/STATE AVERAGE ANNUAL FEES
G.D. Goenka World Institute Gurgaon INR 60,000
IILM Undergraduate Business School New Delhi INR 90,000
Lovely Professional University Delhi INR 3,95,000
Lovely Professional University Jalandhar INR 2,37,000
Oriental College of Commerce And Management Mumbai INR 21,800
School of Management Studies Lucknow INR 75,000
ATM Global Business School Delhi INR 2,90,000
Mahatma Jyoti Rao Phoole University Jaipur INR 60,000
Sankara College of Science and Commerce Coimbatore INR 45,000
Tips Institute of Professional Studies Moradabad INR 2,000
Bharath University Chennai INR 1,50,000
Hemwati Nandan Bahuguna Garhwal University Uttarkhand INR 3,750
Bholaram Shibal Kharkia College Hazaribagh INR 4,053
S.S.V. College Ghaziabad INR 2,961
SIET Institute of Management Bangalore INR 42,000
Ram Lakhan Singh Yadav College Ranchi INR 2,121
Maharani Kasiswari College Kolkata INR 2,265
Vaagdevi Degree and PG College Warangal INR 43,000
AISECT University Bhopal INR 40,000

Eligibility for B.Sc. in Accountancy

Aspiring candidates need to have passed the Higher Secondary School Certificate (10+2) examination with Commerce subjects such as Accounts, Maths And Economics. 

B.Sc. in Accountancy: Admission Process

For admission to the course, aspiring candidates register and apply.

Interested candidates may apply online by filling in the required information.

Merit Screening- Admission is based on the score obtained at the 10+2 level.

B.Sc. in Accountancy: Career Prospects

Successful graduates of the course can initially join as Trainee or Accountant. Accountants can also seek employment in various government and private sectors such as, public accounting firms, markets research, budget planning, corporations and consultancies.  
Professionals in this career can also opt for teaching jobs in universities and colleges. Graduated professionals can work as freelancers in this field. They may work separately by taking assignments from small ventures for maintaining the latters’ accounts on daily or weekly basis. There are lots of job opportunities available in India as well as in foreign countries for Chartered Accountants.

Graduates of this program find employment in areas of professional accountancy, investment banking, investment analysis, management consultancy and financial management, the public sector, and have the option of pursuing further academic studies in the discipline. 

If one has successfully completed the degree, then depending on the optional courses one has taken, one may be eligible for exemptions from some examinations of the professional accountancy bodies.

Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.

B.Sc. in Accountancy
JOB POSITION JOB DESCRIPTION AVERAGE ANNUAL SALARY
Financial Manager Typical duties include reviewing financial reports, monitoring accounts, and preparing activity reports and financial forecasts. Financial Managers also investigate ways to improve profitability, and analyse markets for business opportunities, such as expansion, mergers or acquisitions. INR 9,56,000
Financial Advisors Independent Advisers, also called Independent Financial Advisers (IFAs), research and consider all retail investment products or providers available to meet the client's needs. They must provide clients with unbiased and unrestricted advice. INR 3,57,000
Financial Controllers Financial Controllers’ duties are to manage accounting and monitor internal controls. While a controller cannot make any drastic decisions as a CFO would probably do, the Financial Controller is the individual that provides and interprets the financial information that the company's output is yielding. INR 19,00,000
Chief Financial Officer A Chief Financial Officer (CFO) is the senior executive responsible for managing the financial actions of a company. The CFO's duties include tracking cash flow and financial planning as well as analysing the company's financial strengths and weaknesses and proposing corrective actions. INR 4,36,000
Chartered Management Accountant Chartered Management Accountant assesses a company's financial records in order to determine whether a business is adhering to federal laws, achieving profitability, and maintaining workplace efficiency. They also monitor a company's asset ledgers, budget, and performance objectives. INR 5,40,000

B.Sc. in Accountancy: Syllabus and Course Description

A Year - wise breakup of the course’s syllabus is tabulated below.

YEAR I

Principles of banking and finance
Principles of accounting
Mathematics I
Statistics I
Business and management in global context

YEAR II

Core management concepts
Introduction to economics
Management accounting
Financial reporting

YEAR III

Microeconomics
Financial management
Auditing and management

Bachelor of Science [B.Sc] (Accountancy) : 12 answered questions

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Ques. What should I choose, a dual degree MSc program in BITS Hyderabad or some branch in NIT Raipur, or CSE in NIT Puducherry?

● Top Answer By Sakshi Gupta on 25 Oct 21

Ans. Choose BITS Hyderabad over NIT Raipur or NIT Puducherry. Here are some of the reasons for choosing this institute: They offer a beautiful campus with an enthusiastic student crowd. BITS Hyderabad has updated modern machinery and lab facilities. The placements definitely differ between the BITS and NITs. NIT Raipur is very old-fashioned in its approach towards studying and learning. Their faculties teaching method is old and prefers their students mugging up notes rather than learning and understanding something. BITS, unlike NIT Raipur, their teaching method is industry-oriented. You might think that going for a dual degree is better as IT companies only prefer CSE graduates. But nowadays this notion has changed as with big data and analytics creating a boom, more and more such companies visiting campuses and hiring people from all branches. Therefore it is suggested that you go for BITS Hyderabad, where you will grow and learn in a much more competitive environment. Your vision will be broadened.Read more
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Ques. What happens when I fail all of the subjects in a B.Sc. Hons. at WBSU?

● Top Answer By Sakshi Gupta on 20 Oct 21

Ans. No one has ever failed in honors in all the subjects. Most students tend to fail in chemistry, but this also varies a lot. Let me discuss some of the possible reasons, which may answer your question. Failed to Qualify for Honours: If you score below 40% in your honors subject, chances are you will lose it. In this situation, you can either try to repeat another year or proceed with B.Sc. General. Qualified for Honours but failed in any/both general subjects: This happens when you get a score lower than 25% in the general subjects. For this, the board conducts a supplementary exam, passing which you will be able to continue without any year loss. Failing in both Honours and General subjects: This scenario is not seen very often. But if you fail in every subject, you have to start again from the beginning, next year. If you fail consecutive years, then the college might give you a Termination Certificate. Finally, it is really important to know that a student has to complete his or her graduation within 5 years, failing which your registration will be canceled.Read more
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Ques. What are the cut off of Fergusson College for B.sc?

● Top Answer By Sandhya R on 18 Oct 21

Ans. The cut-off at Fergusson College change every year depending on circumstance and rules. There are different categories including General, OBC, SCs, STs, etc. There is also categorization based on various boards such as State, CBSE, etc.  The recent cut-off for the Science students are as follows: 1st list - 84.56 % 2nd list - 83.43% 3rd list 82.78% 4th list 81.06% 5th list 79.56% The above-mentioned cut-off is for the Open category. As for Humanities students, the cut-off was approximately around 87-88%. A list of past years’ cut offs as well as the merit list might be available online. Information regarding registration, admissions for FY is anticipated to be available on the official website of Fergusson College.Read more
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Ques. Which is better for a B.Sc Allahabad University or ECC?

● Top Answer By Aaditya Hari Nair on 08 Oct 21

Ans. Both Allahabad University and ECC are very good institutes and choosing one among these two can be a very difficult decision. If you are planning to pursue B.Sc, then there are some points which you should consider before choosing a college. ECC is an autonomous institute and the academic environment and course curriculum in B.Sc (Maths) are much better than Allahabad University.  AU has a lot of politics involved among the students throughout the year and this creates a lot of disturbance in the academic atmosphere.  If you are interested in studying in the Biology field, then choosing Allahabad University will be a better option. You will enjoy a lot of advantages including access to modern laboratories and central library, interaction with research students, and many other things.  If you are interested in taking admission in B.Sc (Maths), then choosing ECC will be the right option and if you are interested in taking admission in B.Sc (Biology), then choosing Allahabad University will be the right option. Read more
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Ques. What are the future prospects and scopes after completing BS MS from IISERs?

● Top Answer By Aaditya Hari Nair on 05 Oct 21

Ans. After completing BS-MS from IISER, you will be having a degree from a well-reputed institution of India and that opens many doors. IISER, mainly trains its students for Ph.D. and research, apart from that you have plenty of options and they are as follows. Ph.D.: If you aim to make your career in academia or R&D then as a graduate from IISER, many well-renowned institutions will accept you. You can also plan to go abroad Science journalism: Writing and delivering content is one of the most important skills to thrive in today's era. If you are into writing and love to convert complex things into simple words then you are a perfect fit for this job. You can do a master’s in Science Communication after your MS.  MBA: If you wish to explore more apart from your specialized field then MBA could be the best option. You can positively get into IIMs, FMS, IMI, and so on. Many of the alumni have chosen this way. Placements: Lastly, you can always sit for placements both on & off-campus, many MNCs like Biocon, Deloitte, Mu Sigma, hire students from IISER.  These are some of the many career opportunities that you can have after you graduate from IISER. Read more
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