Updated on Jul 17, 2021 12:32 IST
Abhishek Dhawan

Abhishek DhawanSenior Executive – Editorial

Accounting is referred to as the process of recording and assessing financial transaction of a commercial organization. Accounting is the backbone of every business organization as it is the only way of keeping a check on its financial health, which in turn helps the stakeholders take future decisions.

Accounting as a field of education is a wide arena. Accounting courses are available as academic as well as professional programmes. There are long term as well as short terms courses available to choose from. Those who wish to make a career in accounting need to start early, i.e. opt for Commerce stream in higher secondary (Class 11-12). Read below to know all about Accounting branches, courses, syllabus, diploma, certifications, degrees, recruiters, etc.

Table of Contents
  1. Accounting Branches
  2. Accounting Courses
    • 2.1 Accounting Diplomas
    • 2.2 Accounting Certifications
    • 2.3 Accounting Degrees
    • 2.4 Online Accounting Courses
  3. Accounting Courses: Eligibility Criteria  
    • 3.1 Skills Required
  4. Top Accounting Exams
  5. Accounting Subjects
  6. Top Colleges in India Offering Accounting Courses
  7. Career Scope in Accounting
    • 7.1 Top Accounting Jobs
  8. Top Accounting Recruiters
  9. FAQs Related to Accounting Courses

Accounting Branches

When one says he/she is an accountant in a commercial firm, it doesn’t mean that his only job is about book keeping. There are several branches and specialisations in accounting which students can take up at professional education level. Some of the main accounting branches are listed below:

  • Financial Accounting
  • Cost Accounting
  • Auditing
  • Managerial Accounting
  • Accounting Information Systems
  • Tax Accounting
  • Forensic Accounting
  • Fiduciary Accounting
  • Fund Accounting
  • Government Accounting

Accounting Courses

Aspirants can choose from a range of accounting courses for pursuing a career in this field. Accounting courses are available as degree, diploma and certification. Take a look at some of the popular accounting courses.

Accounting Diplomas

Given below is the list of eight popular accounting diplomas.

Accounting Courses: Diploma

PGDM in Accounting & Finance

Diploma in Accounting & Finance

PG Diploma in Accounting

Diploma in Business Accounting

Diploma in Accounting Management

Diploma in Transfer Pricing

Diploma in Advanced Accounting

Diploma in Accounting Science

Accounting Certifications

Given below is the list of 10 popular accounting certifications.

Accounting Courses: Certification

Chartered Certified Accountant (ACCA)

Chartered Financial Analyst (CFA)

Certified Financial Planner (CFP)

Chartered Financial Consultant (ChFC)

Certified Management Accountant (CMA) certification

Chartered Global Management Accountant (CGMA)

Certified Public Accountant (CPA)

Financial Modeling and Valuation Analyst (FMVA)

Chartered Alternative Investment Analyst (CAIA)

Financial Risk Manager (FRM)

Also Read: Management Accounting Certifications in India 

Accounting Degrees

Given below is the list of six top undergraduate and postgraduate accounting degrees.

Accounting Courses: Degree

BCom in Accounting & Finance

MCom in Accounting & Finance

BCom in Accounting & Taxation 

MCom in Accounting & Taxation

BBA in Accounting & Finance

MBA in Accounting & Finance

Online Accounting Courses

Besides the regular degree, diploma and certificate courses, several institutes have started offering online accounting courses. Identical to regular courses, online education also have courses categorised within online accounting degree, online accounting diploma and online accounting certification. Online B.Com is one course providing a B.Com degree without going to college. The online degree programs are at par with the regular degree courses offered under the full-time education mode.

Apart from the institutes several MOOC platforms also have online courses majoring in accounting. Online accounting courses help in saving time, effort and money to get the desired education. Also, with the global shutdown during the pandemic, online education has been making more sense.

Also Read: Online Accounting Courses

Accounting Courses: Eligibility Criteria  

Every job in the field of accounting includes dealing with numbers and figures. Thus, it is imperative to have a good command in Mathematics whether you opt for accounting degree, accounting diploma or accounting certification. Keeping in line with the requirement of the field, the academic eligibility criteria for accounting courses includes Mathematics up to Class 12.

  • The eligibility criteria for BCom in Accounting is Class 12 pass in Commerce with Maths stream
  • For Cost Management Accounting course, the candidate must have completed Class 10 to apply for Foundation course (which includes fundamentals of mathematics and statistics).

Skills Required

Accounting is a career of strong calculative and analytical skills. Students having good control over Mathematics can do well in this field. Some other skills that are required for accounting are listed below:

  • Attention to detail
  • Sharp analytical skills
  • Strong mathematical skills
  • Organizational skills
  • Time management skills
  • Software efficiency
  • Critical thinking
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Top Accounting Exams

Accounting Subjects

Accounting subjects include the four basic subjects – Finance, Accounting, Management and Economics together known as FAME. The course-wise syllabus of accounting degrees, diplomas and certifications include in-depth study of these subjects with special emphasis on certain aspects and specialized areas.  The main accounting subjects in any course includes the following:

Accounting Syllabus

Business law

Financial accounting

Corporate finance

Auditing

Taxation

Financial markets

Management accounting

Microeconomics

Tax accounting

Cost accounting

Banking & investment

Regulatory accounting

Top Colleges in India Offering Accounting Courses

There are about 970 colleges in India which offer accounting courses in various modes and at various academic levels. Given below is the list of ten popular colleges offering accounting course at degree level such as BCom and MCom.

Accounting Colleges in India

Christ University

Savitribai Phule Pune University

IGNOU

Lovely Professional University

ASM’s Institute of Management Thane

Amity University

NMIMS Anil Surendra Nath School of Commerce

Sharda University, School of Business Studies

Satyabhama Institute of Science and Technology Chennai

Parul University Vadodara

Also Read:

Career Scope in Accounting

The field of Accounting offers a wide range of career options. After completing a relevant accounting course you can take up a jobs such as Accountant, Revenue Agent, Finance Manager, Financial Analyst, Tax Policy Analyst, Tax Attorney Specialist, Employment Tax Specialist and Personal Finance Consultant among others.

A career in accounting is largely lucrative and monetarily rewarding as it is a high responsibility area of function. Since accounting is crucial to the financial health of a business organisation, there are enough opportunities for skilled professionals to prove their worth and soar very high. One can start their career from entry level job of an accountant and reach up to the position of Chief Financial Officers (CFO).

Top Accounting Jobs

Accounting recruiters offer jobs to skilled professionals in various capacities. Some of the top job profiles one can opt for in the field of accounting are:

Job Profile

*Average salary

Accountant

Rs 3.00 lakh per annum

Senior Accountant

Rs 8.00 lakh per annum

Revenue Agent

Rs 6.00 lakh per annum

Chief Revenue Officer

Rs 27.00 lakh per annum

Finance Manager

Rs 9.00 lakh per annum

Financial Analyst

Rs 4.12 lakh per annum

Tax Policy Analyst

Rs 3.50 lakh per annum

Tax Consultant Specialist

Rs 5.17 lakh per annum

Tax Specialist

Rs 6.87 lakh per annum

Personal Finance Consultant

Rs 6.27 lakh per annum

*Source: payscale.com

Top Accounting Recruiters

As accounting is the backbone of any financial activity, all government organisations, non-government organisations and private firms hire accounting professionals in various capacities. Requirement of CMA, CFA, Finance Consultant, Tax Consultant, Revenue Agent and Accountant, etc. is plenty across domain and industries. There are many finance firms which provide services to other organization. Some of the top accounting recruiters in India include PricewaterHouseCooper, Deloitte, ERNST & Young, KPMG, Grant Thorton, Quatrro, Mindspace Outsourcing Services Pvt Ltd, Maxim Liberty, Top Source Global Solutions, Ganashri Advisers, Capactix Business Solutions, Shoolin Consultancy, Mindpool Technologies, line accountancy, KMK Ventures Private Limited among others.

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FAQs Related to Accounting Courses

Q: What are the popular international accounting courses and certifications?

A: Some of the popular international accounting certifications include Certified Public Accountant, Chartered Financial Analyst, Chartered Global Management Accountant, Certified Management Accountant and Certified Financial Services Auditor.

Q: How many accounting specialisations are there which I can choose?

A: There are several accounting specialisations to choose from to carve a niche in this field. One can choose a specialisation among, cost accounting, tax accounting, financial accounting, auditing, forensic accounting and management accounting.

Q: What are the four types of accounting?

A: The four types of accounting include Corporate Accounting, Public Accounting, Government Accounting and Forensic Accounting.

Q: What are the main branches of accounting?

A: The main branches of accounting Financial Accounting, Cost Accounting, Auditing, Managerial Accounting, Accounting Information Systems, Tax Accounting, Forensic Accounting, Fiduciary Accounting, Fund Accounting and Government Accounting.

Q: Can I pursue an accounting course without studying Maths in HSc?

A: There are some accounting courses that one can opt for without studying Maths, but in that case such courses require the candidate to complete a foundation course in which fundamentals of Mathematics is taught. However, it is always advised to study Maths up to 10+2 level for a career in accounting.

Q: What are the jobs one can get after an accounting degree?

A: After completing an accounting degree one can get entry level jobs such as accountant or accounts executive. After completing a PG degree, one can get managerial roles in accounts and finance departments. After completing a professional accounting course, one can join accounting firms as consultant. 

Q: Which are the accounting courses I can opt for in graduation?

A: At graduation level one can opt for BCom in Accounting & Finance, BCom in Accounting & Taxation and BBA in Accounting & Finance. 

Q: What is CMA course?

A: CMA or the Cost Management Accounting course is a certification programme offered by the Institute of Cost Accountants of India. The course is similar to other accounting and finance courses such as CA, CS, CFA where in candidates have to complete three levels to gain the professional certificate. 

Q: Which are the top companies that hire accounting degree holders?

A: Some of the top companies that hire accounting professionals in various job roles include PricewaterHouseCooper, Deloitte, Ernst & Young, KPMG, Grant Thorton, Quatrro and Mindspace Outsourcing Services Pvt. Ltd., among others.

Q: What is the average salary of financial analyst in India?

A: The average salary of a financial analyst in India is Rs 4.12 lakh per annum at entry level. As one gains experience and acquires more skills in this functional area, their salary package increase multifold and can reach up to Rs 8-12 lakh per annum.

Q: What are main accounting subjects taught during the UG course?

A: The four main accounting subjects are Finance, Accounting, Management and Economics. These subjects and their topics are taught in depth basis the branch and specialisation of the particular accounting course. 

Popular Accounting Colleges in India

Following are the most popular Accounting Colleges in India. Learn more about these Accounting colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
2.95 L
8 LPA
35 K
6.05 L
3.0
2.9 L - 7.34 L
3.56 LPA

#2 Shiksha Collections

4.5 L - 4.72 L
4.25 LPA

#43 India Today

Popular Private Accounting Colleges in India

3 L
2.3 L
9 Courses
1.92 L - 9 L
3 - 4.66 LPA
1 Course
2.45 L
1 Course
7 L
21.35 L
5.0

Popular Accounting UG Courses in India

Following are the most popular Accounting UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Accounting PG Courses in India

Following are the most popular Accounting PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Accounting Specializations in India

Following are the most popular Accounting Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Comments

What is the fee at SNDT Pune University for B.Voc in applied computer technology?

Reply to vaibhavi shashank tisgaonkar

42139033
Vinay kr Pandey

Guide-Level 14

16 hours ago

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42139033
Mallika Ahuja

Contributor-Level 10

Yesterday

I want to know about universities in Canada giving admission in Masters of finance and accounts without GMAT.

Reply to Mandeep Singh

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Sampda raj

Contributor-Level 8

2 days ago

Canada has plenty of universities that do not require a GMAT score for admission. One such course which is popular among students from all backgrounds is the Masters in Finance.

In which school/college in Kolkata ICSI exam takes place?

Reply to KOMAL AGRAWAL

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Om Pandey

Contributor-Level 9

2 days ago

Exam centers vary from year to year so it is not confirmed which college or school will organize CS exams.

When will the second year of 2022-2023 admission start for Jai hind college, Bachelor of accounting and finance?

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Pankaj

Contributor-Level 9

3 days ago

Dear student, it is my pleasure to help you and give your question's answer in a better way so that you can understand and satisfy
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Is VIT Chennai worth joining for B.Com? And what about the placements?

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42447381
SUMIT

Contributor-Level 9

6 days ago

For B.Com I would like to recommend you Chandigarh university. If you are looking for the best university in India which can provide you with Good placements and good facilities then I would like to recommend you Chandigarh University. Chandigarh University is a NAAC-A+ university known for its p...For B.Com I would like to recommend you Chandigarh university. If you are looking for the best university in India which can provide you with Good placements and good facilities then I would like to recommend you Chandigarh University. Chandigarh University is a NAAC-A+ university known for its placements and facilities. Every year top companies visit cu and recruit students with the best packages. I would like to mention here that the highest package offered is 52.11 LPA. There are many reasons which make Cu as India's best university
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navjot kaur

Contributor-Level 6

a week ago

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Reply to P VIPIN BHANDARI

41533259
Vinay kr Pandey

Guide-Level 14

a week ago

Hello
No, Science students can not do B.Com because
the eligibility criteria for the general B.Com programme is Passed 10+2 with Accountancy and Economics as compulsory subjects with a minimum of 60% marks from a recognized board. Hope it helps. Thank you.

S

Sampda raj

Contributor-Level 8

a week ago

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I have done M.A. Economics with 54% from IGNOU. What can I do now?

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Vinay kr Pandey

Guide-Level 14

2 weeks ago

After completing an M.A. In Economics, you can either continue to pursue higher education like M.Phil/Ph.D. , or you can make a direct entry into the job. Hope this helps. Thank you.

Is B.Com accounting and finance course available in the morning shift?

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Pankaj

Contributor-Level 9

2 weeks ago

Yes, it is available in the morning shift.

I want to know about the fee structure at Institute of Distance Education for Discontinued (Feb 2022)- Diploma in Accounting and Auditing.

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2 weeks ago

Hi,
Its total fee is Rs. 6000.

I want to know about the fee structure at Elite IIT for Certificate in Company Secretary.

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2 weeks ago

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I want to know about the fee structure at DICS Computer Education for Certificate In Financial Accounting.

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Beginner-Level 5

2 weeks ago

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Beginner-Level 5

3 weeks ago

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I want to know about the fee structure at I.B. (PG) College for Bachelor of Commerce (B.Com. Hons.).

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heena agrawal

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3 weeks ago

The fee is Rs 45,000 per year for BCA.

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heena agrawal

Scholar-Level 16

3 weeks ago

Hi,
The fee strucrure is Rs 4,100 for 1st year.

I want to know about the latest cutoff information for Bachelor of Commerce (B.Com.) at Allahabad University.

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Guide-Level 14

3 weeks ago

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Can i get the admission in this course with 85% aggregate marks in class 12th?

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Beginner-Level 5

a month ago

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a month ago

To get admission in this college 12th percentage is not required, you have to give an entrance test.

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Pankaj

Contributor-Level 9

a month ago

It is your choice, you can choose any one of them.

I want to know about the latest cutoff information for M.Com. in Accounting and Financial Management at MSU Baroda.

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Pankaj

Contributor-Level 9

a month ago

The cutoff for M.com has not been released yet, so you have to wait for some time.

I want to know if I can get admission at SRCC Delhi for B.Com.

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Pankaj

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a month ago

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I want to know about the fee structure at Navkar Institute for CS Foundation Level.

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Bhavik kapoor

Beginner-Level 5

a month ago

Fee structure for CS foundation course at navkar Institute is 39800* and also varies. The duration of the course is 3 months.

I want to know about the fee structure at Heramba Chandra College for B. Com. (Hons.) in Accounting and Finance.

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Shivani Gautam

Beginner-Level 3

a month ago

Hi
The fee structure at Heramba Chandra College for B. Com (Hons) is Rs.5,640 (1st Year Fees). The eligibility criteria is 10+2 .
For B. Com, the fee structure is Rs.5,340 (1st Year Fees) and the eligibility criteria is 10+2.
Hope you find this helpful.

I want to know about the fee structure at G-TEC Computer Education for DIFA Diploma in Indian & Foreign Accounting.

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Divya vani

Contributor-Level 10

a month ago

What are the subjects in BAF course?

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Shivani Gautam

Beginner-Level 3

a month ago

Full-Form of BAF is Bachelor of Accounting and Finance. BAF course duration is 3 years divided into 6 semesters. First Year BAF SEM 1 SubjectsFirst Year BAF has 7 Subjects in each semester are as follows : 1. Financial Accounting (Elements of Financial Accounting) -12. Cost Accounting (Introducti...Full-Form of BAF is Bachelor of Accounting and Finance. BAF course duration is 3 years divided into 6 semesters. First Year BAF SEM 1 Subjects
First Year BAF has 7 Subjects in each semester are as follows :
1. Financial Accounting (Elements of Financial Accounting) -1
2. Cost Accounting (Introduction and Element of cost)-1
3. Financial Management (Introduction to Financial Management) -1
4. Business Communication -1
5. Foundation Course -1
6. Commerce (Business Environment) -1
7. Business Economics -1
First Year BAF SEM 2 Subjects
First Year BAF has 7 Subjects in each semester are as follows.
1. Financial Accounting (Special Accounting Areas) -2. Auditing (Introduction and Planning) -1
3. Taxation -1 (Indirect Taxes 1)
4. Business Communication - 2
5. Foundation Course - 2
6. Business Law (Business Regulatory Framework) -1
7. Business Mathematics
Hope this was helpful to you.

Can I know about Dayal Bagh Polytechnic's placement in companies?

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Naveen Kori

Beginner-Level 4

a month ago

60-70% of students are placed in Dayalbagh Polytechnic. Many companies like Tata, Torent, Crompton, etc. Visits for placement in the 6th semester.

I want to know about the fee structure at G-TEC Computer Education for DIFA Diploma in Indian & Foreign Accounting.

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2 months ago

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I am from Nepal, Can I apply for CS in India or not?

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Om Pandey

Contributor-Level 9

a month ago

Yes, you can apply for CS as an international student. Also, the government provides special quota and access to Nepali people You can easily apply for both CA and CS exams in India.

R

Riya Bhagat

Contributor-Level 6

a month ago

Hi student, Definitely you can apply in India, In fact, in many universities in India, have the special quotas for foreign students.

I want to know about the fee structure at Institute of Distance Education for Discontinued (Feb 2022)- Diploma in Accounting and Auditing.

Reply to Sherin fathima

I want to know about the latest cutoff information for B.Com. in Accounting and Finance at PSG College of Arts and Science - PSGCAS.

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rekha

Contributor-Level 10

a month ago

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I want to know about the latest cutoff information for M.Com. in Accounting and Financial Management at MSU Baroda.

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rekha

Contributor-Level 10

a month ago

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Refer link: https://www.shiksha.com/university/msu-the-maharaja-sayajirao-university-of-baroda-vadodara-37071/course-m-com-in-accounting-and-financial-management-299840

I want to know about the fee structure at B.K. Birla College of Arts, Science, and Commerce for B.Com. in Accounting and Finance.

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