Accounting
Get insights from 4.1k questions on Accounting, answered by students, alumni, and experts. You may also ask and answer any question you like about Accounting
Follow Ask QuestionQuestions
Discussions
Active Users
Followers
New answer posted
2 years agoContributor-Level 10
The difficulty of a Diploma in Accounting largely depends on your background and interest in the subject. For students who enjoy working with numbers, have a basic understanding of mathematics, and are interested in financial concepts, the Diploma may feel relatively manageable and even enjoyable.
Diploma in Accounting typically covers foundational topics like bookkeeping, financial statements, and accounting principles, which are designed to be accessible to beginners.
However, for those who are new to these concepts or find math challenging, some parts of the course might require extra effort. With consistent study and practice,
New answer posted
2 years agoContributor-Level 10
Generally, a Diploma in Accounting does not require entrance exams for admission. However, many colleges offer PGDM in Accounting course which needs entrance exam scores such as CAT, MAT, XAT, etc.
These prestigious colleges or universities might have their own selection processes, which could include an interview or a basic aptitude test to assess your understanding of fundamental concepts.
New answer posted
2 years agoContributor-Level 10
Yes, candidates can pursue a Diploma in Accounting after completing Class 10. Many institutions offer Diploma in Accounting that are designed for students who have completed their secondary education.
These programs provide a foundation in accounting principles, bookkeeping, and financial management, helping you develop the skills needed for entry-level positions in the field.
Pursuing a Diploma after Class 10 can be a great way to start a career in accounting early, and it also opens up opportunities for further studies, such as advanced diplomas or degrees in Commerce and Finance.
New answer posted
2 years agoContributor-Level 10
There are several reputable online Accounting courses available in India that cater to different levels of expertise and career goals.
Here are some of the best online Accounting courses widely recognised for their quality and relevance:
Online Accounting Course | Offered by | Total Fees |
|---|---|---|
Great Learning | Free | |
ICRI Mumbai | 59,000 | |
Manipal University Jaipur | 1.67 Lakh | |
CDAC | 1.06 Lakh | |
Executive Development Program in Advanced Financial Management | XLRI | Can be enquired |
New answer posted
2 years agoContributor-Level 10
Accounting generally refers to the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization.
On the other hand, Accountancy is a broader term that encompasses the entire profession and body of knowledge related to Accounting. It refers to the practice of accounting as a profession, including the principles, standards, regulations, and ethical considerations that govern the field.
New answer posted
2 years agoContributor-Level 10
Yes, Accounting can be a demanding profession that comes with its own set of challenges, but whether it is considered stressful varies based on individual preferences, work environment, and specific roles within the field. Accountants are responsible for financial reporting, auditing, taxation, and financial analysis, among other tasks.
New answer posted
2 years agoContributor-Level 10
No, you cannot become a Chartered Accountant (CA) solely with a Diploma in Accounting. Becoming a CA typically requires completing a rigorous course of study and passing specific examinations set by a recognised professional accounting body, such as the Institute of Chartered Accountants of India (ICAI) in India.
New answer posted
2 years agoContributor-Level 10
There are two types of financial accounting; Aash Accounting and Accrual Accounting.
Cash accounting is a method of Accounting where transactions are recorded when cash is received or paid out, rather than when revenues are earned or expenses are incurred.
On the other hand, Accrual accounting is a method of accounting where revenues and expenses are recognised when they are earned or incurred, regardless of when the actual cash transactions occur.
New answer posted
2 years agoContributor-Level 10
The annual salary in Financial Accounting in India can vary significantly depending on various factors such as educational qualifications, experience, job location, and the specific industry or organization.
Generally, salaries can be categorized at different levels based on experience and job roles:
Entry-Level: INR 2.5 - 4 LPA
Mid-Level: INR 4 - 8 LPA
Senior-Level: More than INR 20 LPA
New answer posted
2 years agoContributor-Level 10
Yes, a Diploma in Financial Accounting can be worth it depending on your career goals and circumstances. This qualification provides specialised knowledge and skills in Financial Accounting, which are valuable in various industries.
Moreover, it can be a stepping stone for further education and professional certifications like CPA (Certified Public Accountant) or ACCA (Association of Chartered Certified Accountants).
The Diploma in Financial Accounting also equips you with practical skills in managing financial records, understanding taxation, and utilizing accounting software, which are essential for both corporate and small busin
Taking an Exam? Selecting a College?
Get authentic answers from experts, students and alumni that you won't find anywhere else
Sign Up on ShikshaOn Shiksha, get access to
- 67k Colleges
- 1.2k Exams
- 718k Reviews
- 1850k Answers