International Accounting Course: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Jul 15, 2024 01:29 IST
Parul Thapa

Parul ThapaSenior Executive Content

An International Accounting course provides an in-depth understanding of accounting principles and practices as they apply in the global business environment. The International Accounting course explores the challenges of consolidating financial statements across different jurisdictions, the impact of foreign exchange fluctuations on financial reporting, and the ethical considerations in international accounting practices. 

The International Accounting courses are offered at the UG and PG course levels. The types of International Accounting degrees are BCom, BCom (Hons), MCom, MBA/PGDM, UG Diploma and BBA. To enroll for the International Accounting course, candidates must pass Class 12 in any stream (preferably Commerce stream). Admission to the UG International Accounting courses is majorly based on Class 12 scores and CUET scores, however, admission to the PG International Accounting courses is based on IUET, MAT, XAT, CMAT and ATMA

Popular colleges that offer International Accounting courses are St. Joseph’s University, Amity University Online, Jain Deemed-to-be University, International School of Management Excellence, etc. The average International Accounting course fees range between INR 1 Lakh and INR 9 Lakh.

On graduating with an International Accounting course, candidates can opt for job profiles such as International Accountants, Financial Analysts, Audit Managers, Tax Consultants, etc. The average salary that an International Accounting course graduate can earn ranges between INR 7 LPA and INR 13 LPA. 

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International Accounting Course Details

By mastering the concepts in the International Accounting course, students are prepared to handle the complexities of financial reporting and analysis in a global context, making them indispensable to international businesses and accounting firms.

Further, candidates can check the table below to see the key points of the International Accounting course details.

Particulars

International Accounting Course Details

International Accounting Course Level

UG and PG

International Accounting Courses

BCom, BCom (Hons), MCom, MBA/PGDM, UG Diploma and BBA

International Accounting Course Duration

2-3 years

International Accounting Course Fees

INR 1 Lakh - INR 9 Lakh

International Accounting Course Admission Criteria

UG - Merit-Based/Entrance-Based

PG - Entrance-Based

International Accounting Course Eligibility Criteria

Class 12 in any stream (preferably Commerce stream)

International Accounting Entrance Exams

UG - CUET 

PG - IUET, MAT, XAT, CMAT and ATMA

International Accounting Popular Colleges

St. Joseph’s University, Amity University Online, Jain Deemed-to-be University, International School of Management Excellence, etc. 

International Accounting Course Jobs 

International Accountants, Financial Analysts, Audit Managers, Tax Consultants, etc. 

International Accounting Salary

INR 7 LPA - INR 13 LPA

International Accounting Top Recruiters

PwC, KPMG, Deloitte, EY, Grant Thornton, BDO, PKF, Goldman Sachs, etc.

Note: This information is sourced from the official website and may vary.

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Q:   What does international accounting do?

A:

The International Accounting unit binds the standards, principles, and practices used by such companies, operating in several countries, to manage and report their financial activities. International Accounting approaches involve understanding and compliance with different accounting standards, among which the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP) of various countries play a significant role.
Through understanding how accounting is done internationally, the International Accounting course ensures that the financial reports are clear and adhere to specific accounting principles throughout the boundaries, hence allowing investors, regulators, and stakeholders to make informed decisions.

 

Why Study an International Accounting Course?

  • Global Relevance: Gain expertise in International Financial Reporting Standards (IFRS) and other global accounting practices, making you valuable to multinational corporations.
  • Career Opportunities: Access a wide range of job profiles, including international accountants, financial analysts, audit managers, and tax consultants.
  • Cross-Border Knowledge: Understand the complexities of financial reporting, taxation, and regulatory compliance across different countries.
  • Competitive Advantage: Stand out in the job market with specialized knowledge that meets the demands of global businesses and financial institutions.
  • Networking Opportunities: Connect with professionals and organizations involved in international business, enhancing your professional network and career prospects.

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Q:   Why is it important to study International Accounting?

A:

First and foremost, companies, nowadays, conduct business across borders; as such, there is a need for accounting standards that would enhance comparability and uniformity in presenting financial information.
International Accounting helps businesses keep pace with the diverse regulatory environment and fosters increased transparency in financial reporting.
In addition, International Accounting deals with a range of issues that give a number of problems during foreign currency transactions, transfer pricing, and international taxation, guaranteeing appropriate financing arrangements and accurate decision-making at an international level.

 

International Accounting Course Eligibility Criteria

Before applying for International Accounting courses, candidates must make sure to fulfil the eligibility criteria, without which they will not be able to apply for admission.

Candidates can check a general outline of the International Accounting course eligibility criteria given in the table below.

International Accounting Course Levels

International Accounting Course Eligibility Criteria

UG

Candidates must have completed Class 12 education from a recognised board such as Karnataka PUC, ISC, CBSE, ICSI, NIOS, or State boards in any stream

PG

Candidates must have completed graduation in BCom/BCom (Hons) with a minimum of 50% marks in aggregate from a statutory institution/university. 

Certificate

The prospective student should have cleared 9 ACCA papers (Advance Diploma in Accounting) or should be a member of the Institute of Chartered Accountants (ICAI). 

Note: This information is sourced from the official website and may vary.

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Q:   I am a Science student. Can I pursue International Accounting course?

A:

As a student in Science, you can definitely take up some course in international accounting. While you will have a different background compared with the traditional student in the field of Accounting, many professional programs offer options wherein students from other disciplines can be admitted into their accounting fields of specialization.
Even analytical skills and scientific training serve uniquely to explain accounting principles and apply them in complex international contextual situations.

 

International Accounting Entrance Exams 2024

Admission to the UG International Accounting courses is majorly based on Class 12 scores and CUET scores, however, admission to the PG International Accounting courses is based on IUET, MAT, XAT, CMAT and ATMA. 

Further, candidates can check the table below to see the details of these International Accounting entrance exams.

Entrance Exams

Exam Dates

Exam Schedule

CUET 

May ‘25

CUET Schedule

IUET

March ‘25

IUET Schedule 

MAT

14 Aug '24

MAT Schedule

XAT

05 Jan '25

XAT Schedule

CMAT 

May ‘25

CMAT Schedule

ATMA

June ‘25

ATMA Schedule

Note: This information is sourced from the official website and may vary.

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Q:   Is there any entrance exam for International Accounting course?

A:

Entrance exams for International Accounting courses vary depending on the institution and the specific program. 

Admission to the UG International Accounting courses is majorly based on Class 12 scores and CUET scores, however, admission to the PG International Accounting courses is based on IUET, MAT, XAT, CMAT and ATMA. 

 

International Accounting Course Syllabus

The International Accounting course syllabus differs as per the course levels and the universities where the candidates have applied for the course.

However, candidates can check a general outline of the International Accounting course syllabus in the table below.

International Accounting Course Semester 1

Business English-I

Indian Heritage and Culture 

Business and Technology

Financial Accounting-I

International Accounting Course Semester 2

Business English-II

Value Education and Personality Development

Corporate and Business Law

Financial Accounting-II

International Accounting Course Semester 3

Environmental Studies and Gender Sensitization

Project Management 

Fundamentals of Information Technology

Advanced Accounting

International Accounting Course Semester 4

Business Statistics

Entrepreneurship Development

Corporate Accounting

Auditing and Assurance

International Accounting Course Semester 5

DSE – 1

A – Marketing Management

B – Managerial Economics

DSE – 2

A – Human Resource Management.

B – Banking

Advanced Auditing & Assurance

Performance Management

International Accounting Course Semester 6

Corporate Reporting

Corporate Governance and Business Ethics

International Business

Performance Management II

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Q:   What are the concepts of international accounting?

A:

Some of these concepts include harmonization and convergence, foreign currency translation, and transfer pricing.

  • Harmonization and Convergence: It refers to the initiatives aimed at standardizing accounting principles on a global level, thereby aligning the differences between various national accounting standards.
  • Foreign Currency Translation: It deals with the aspects of accounting that result from transactions and financial statements being prepared in various currencies, in lieu of the impact of fluctuations on exchange rates on financial reporting.
  • Transfer Pricing: It refers to arriving at prices for goods and services transferred between different entities of a multinational corporation subject to compliance with tax regulations and fair valuation.
  • Global financial reporting standards: Learn and apply the frameworks under International Financial Reporting Standards or Generally Accepted Accounting Principles in different countries.
  • Cross-border investments and mergers: Account for investments, acquisitions, and mergers where entities are based in different countries, covering the legal, financial, and reporting requirements.
  • International taxation: Familiarity with tax laws and their implications across borders, particularly treaties, transfer pricing regimes, and tax optimization strategies.
  • Corporate Governance: It aims to ensure transparency, accountability, and ethical practice in financial reporting and management of activities across international boundaries.
 

Popular Colleges for International Accounting Courses

Several private colleges in India offer excellent programs in International Accounting, providing students with the knowledge and skills needed to excel in the global financial landscape. 

These private institutions equip students with expertise in International Financial Reporting Standards (IFRS) and global accounting practices, preparing them for successful careers in multinational corporations and international financial institutions.

Popular Private Colleges for International Accounting Courses in India

The popular private colleges for International Accounting courses institutions are recognized for their academic rigour and industry relevance, preparing students for successful careers in International Accounting and Finance.

Further, candidates can check the tables below to see the popular government colleges that offer International Accounting courses in India.

International Accounting Colleges

International Accounting Course Fees

St. Joseph’s University

3.75 L

Amity University Online

2.5 L

Jain Deemed-to-be University

9 L

International School of Management Excellence

1 L - 9.4 L

Christ University

7.8 L

MIT-WPU

4.05 L

Malla Reddy University

2.4 L

Galgotias University

3.21 L

St. Joseph's College of Commerce

4.37 L

Note: This information is sourced from the official website and may vary.

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Q:   What are the best International Accounting colleges in Delhi?

A:

In Delhi, several institutions are recognised for offering strong programs in International Accounting and related fields. 

Here are some notable colleges and universities known for their International Accounting  courses:

 

Popular Private International Accounting Colleges in India

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7.51 LPA

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3.2 LPA

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International Accounting Career Scope: Job Profiles, Salary and Top Recruiters

The career scope after the International Accounting course is expansive and promising, driven by the globalization of business and the increasing adoption of International Financial Reporting Standards (IFRS) by Indian companies. 

With India's growing integration into the global economy, the demand for skilled international accounting professionals is expected to rise, offering lucrative career opportunities and the potential for international assignments and collaborations.

International Accounting Salary in India

After pursuing an International Accounting course in India, graduates can explore various International Accounting course jobs that leverage their expertise in global financial practices and standards. 

Some of the prominent International Accounting course jobs include the following:

Job Profiles

Description

Average Salary

International Accountants

Responsible for managing financial records and statements for multinational companies, ensuring compliance with international financial reporting standards (IFRS) and local regulations.

INR 8 LPA

Financial Analysts

Analyzes financial data from global operations to support strategic decision-making, investment opportunities, and risk management for international businesses.

INR 6.7 LPA

Audit Managers

Conducts audits for multinational corporations, ensuring accuracy and compliance with both domestic and international accounting standards.

INR 12.9 LPA

Tax Consultants

Provides advice on international tax regulations, helping businesses navigate complex tax laws, optimize tax liabilities, and ensure compliance across different jurisdictions.

INR 7.3 LPA

Management Accountants

Focuses on budgeting, forecasting, and financial planning for companies with international operations, providing insights for efficient resource allocation and performance improvement.

INR 7 LPA

Note: The average salary has been taken from Ambitionbox.com.

International Accounting Top Recruiters

Professionals with expertise in International Accounting are highly sought after in various sectors, including MNCs, financial institutions, auditing firms, and consulting agencies. 

Further, candidates can check the table below to see the International Accounting top recruiters.

International Accounting Top Recruiters

PwC

KPMG

Deloitte

EY

Grant Thornton

BDO

Goldman Sachs

Credit Suisse

P&G

Coca-Cola

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Q:   What are the scope and need for International Accounting?

A:

International Accounting has a wide scope and necessity in the world economy. International accounting deals with the financial reporting financial and regulatory issues of companies across different countries, ensuring uniformity, transparency, comparability of financial statements globally.
Further, international accounting gives way to global market interconnections. Because of this, a single language for financial reporting becomes indispensable across markets for making effective decisions at the level of investors, regulators, and stakeholders. International Accounting reduces financial risks through the ability to provide a reliable, consistent framework of financial reporting that improves corporate governance and promotes international trade and investment.

 

Online International Accounting Courses

Online International Accounting courses offer a flexible and accessible way for individuals to deepen their understanding of global financial practices. Students benefit from the convenience of learning remotely, often through interactive modules, case studies, and virtual simulations that reflect real-world scenarios. 

Candidates can check the table below to see these online International Accounting courses available:

Online International Accounting Courses

Offered by

Total Fees

Online BCom in International Finance and Accounting (Integrated with ACCA, UK)

Sree Pashmi Institute of Management and Science

-

Online MBA in International Finance and Accounting (with ACCA

Chitkara University Online

3 Lakh

Online BCom in International Finance and Accounting (Integrated with ACCA, UK)

Jain Deemed-to-be University

3.3 Lakh

To learn more about the Online International Accounting Course, click here.

Q:   Can I do ACCA online?

A:

Yes, candidates can pursue the ACCA (Association of Chartered Certified Accountants) qualification online. ACCA offers flexible study options that allow candidates to study for exams online through their approved learning providers. 

Here are some of the popular online ACCA courses available in India:

Note: This information is sourced from the official website and may vary.

 

International Accounting FAQs

Candidates can refer below for International Accounting frequently asked questions.

Q:   Is ACCA and International Accounting the same?

A:

No, ACCA (Association of Chartered Certified Accountants) and International Accounting are related but not the same.
ACCA means a professional accountancy qualification with global recognition, hence providing very wide and broad knowledge relating to areas in the fields of accounting and finance. End.
In comparison, International Accounting refers to the practices and principles employed in the management and reporting of financial information across different countries, usually involving the application of IFRS.

 

Q:   What is the difference between Indian accounting and international accounting?

A:

Fundamentally, the difference between Indian accounting and International Accounting lies in the accounting standards and regulatory frameworks considered by them.
Traditionally, Indian Accounting has followed Indian Accounting Standards that are mainly adopted from but not the same as International Financial Reporting Standards.
While Ind AS is converged with international standards, some transactions and financial elements are accounted for differently or have different disclosure requirements. International accounting, however, makes use of globally accepted standards like IFRS, therefore ensuring uniformity and comparability of financial statements across geographies.

 

Popular International Accounting UG Courses

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

UG Courses

Popular International Accounting PG Courses

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

PG Courses

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Student Forum

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Write here...

Answered a week ago

Fundamentally, the difference between Indian accounting and International Accounting lies in the accounting standards and regulatory frameworks considered by them.
Traditionally, Indian Accounting has followed Indian Accounting Standards that are mainly adopted from but not the same as International

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

No, ACCA (Association of Chartered Certified Accountants) and International Accounting are related but not the same.
ACCA means a professional accountancy qualification with global recognition, hence providing very wide and broad knowledge relating to areas in the fields of accounting and finance. En

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

International Accounting has a wide scope and necessity in the world economy. International accounting deals with the financial reporting financial and regulatory issues of companies across different countries, ensuring uniformity, transparency, comparability of financial statements globally.
Further

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

In Delhi, several institutions are recognised for offering strong programs in International Accounting and related fields. 

Here are some notable colleges and universities known for their International Accounting  courses:

P

Parul Thapa

Contributor-Level 8

Answered a week ago

Some of these concepts include harmonization and convergence, foreign currency translation, and transfer pricing.

  • Harmonization and Convergence: It refers to the initiatives aimed at standardizing accounting principles on a global level, thereby aligning the differences between various national accou

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

Entrance exams for International Accounting courses vary depending on the institution and the specific program. 

Admission to the UG International Accounting courses is majorly based on Class 12 scores and CUET scores, however, admission to the PG International Accounting courses is based on IUET, MA

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

As a student in Science, you can definitely take up some course in international accounting. While you will have a different background compared with the traditional student in the field of Accounting, many professional programs offer options wherein students from other disciplines can be admitted i

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

First and foremost, companies, nowadays, conduct business across borders; as such, there is a need for accounting standards that would enhance comparability and uniformity in presenting financial information.
International Accounting helps businesses keep pace with the diverse regulatory environment

...more

P

Parul Thapa

Contributor-Level 8

Answered a week ago

The International Accounting unit binds the standards, principles, and practices used by such companies, operating in several countries, to manage and report their financial activities. International Accounting approaches involve understanding and compliance with different accounting standards, amon

...more

P

Parul Thapa

Contributor-Level 8

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