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 Courses
1.02 L
4.41

#118 India Today

6 K - 7 K
4.012
1.65 L
2 Courses
90 K

#95 India Today

Popular Private Accounting Colleges in India

4 Courses
35 K - 1.1 L
2 LPA
4.5 L - 4.72 L
4.25 LPA
3.66

#43 India Today

1.48 L
3.15
3.13 L
1 Course
6.06 L
4.1 LPA
3.87
5 Courses
1.86 L - 8 L
2.16 - 2.89 LPA
3.61

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

U

Usaid Akhtar

2022-01-29 16:25:07

Please shortlist the colleges in UK for M.Sc accounting and finance with fee structure and ranking.

Reply to Usaid Akhtar

R

Rhedem Suryavanshi

Contributor-Level 6

2 days ago

London School of Economics - fees in GBP 29,760
University of Manchester - fees in GBP 30,000
Imperial College London - fees in GBP 35,900
University of Edinburgh - fees in GBP 31,350
University of Warwick - fees in GBP 35,750.

D

Devanshu Nath

2022-03-04 11:32:43

Can I know what is the best course after 12th commerce without taking accounts in India?

Reply to Devanshu Nath

33446717
Puneet Singh

Scholar-Level 17

4 days ago

Dear Aspirant, I would recommend the BBA or BCA or BA (Hons. ) degree programme after 12th in commerce if you are not interested in accounts subject. I have many friends who have completed BCA and BBA programme after 12th in the commerce stream. They were also not interested in accounts. If you h...Dear Aspirant, I would recommend the BBA or BCA or BA (Hons. ) degree programme after 12th in commerce if you are not interested in accounts subject. I have many friends who have completed BCA and BBA programme after 12th in the commerce stream. They were also not interested in accounts. If you have a plan for BBA or BCA, then I would recommend Lovely Professional University for these programmes. The highest package offered for these programmes at LPU is INR 19.25 LPA. The Business School of LPU is accredited by ACBSP, Accreditation Council for Business Schools and Programs from the USA
I hope this helps
Thanks!

H

Harshit Midha

2022-01-14 12:37:17

What is the overall fees of ACCA course after 12 with coaching?

Reply to Harshit Midha

A

Arav Sharma

Beginner-Level 1

5 days ago

The cost of ACCA course is explained in detail online. Interested students can go to IMS pro school website and go to ACCA course where everything is explained in their blogs.

39697769
konatham Abhishek

Scholar-Level 16

a month ago

Dear Harshit
The total cost for ACCA exam fees and annual subscription comes to approximately. Rs 1,20,000. Thank You!

Any facilities for Bangladeshi students? I want to study in India. I am Bangladeshi. How can I do BBA in accounting?

Reply to Bangladesh theke porte cacchi

S

Shivang agarwal

Contributor-Level 9

a week ago

Yes, you can apply for an international Quota and get some relaxation for the course.

V

Vipul Raj

Beginner-Level 5

a week ago

Yes, you can apply for an international quota in colleges, and yes accounting is a great option.

V

Vikram jain

2022-02-24 01:12:52

What course I can choose after BAF. But what other fields are open other then CA? I am currently TYBAF student preparing for last semester.

Reply to Vikram jain

A

Asif Khan

Beginner-Level 3

a week ago

BAF is not really different from any other course in the Domain of commerce. And it has the same career avenues open to you as any other course under this Domain.

K

Ka Laxman

2022-02-16 13:54:26

Now I am doing BBA in 2nd year. Can I join CS? If yes, which level should I join, like is there a foundation level, executive level or so?

Reply to Ka Laxman

D

Divesh Sharma

Beginner-Level 4

2 weeks ago

You can join after the completion of your BBA because it will be easier and you should join 2nd level.

K

Kavin Kumar

2022-02-11 12:58:04

My wife discontinued B.Com CS in 2 year, now she wants to finish her course. Kindly guide how to finish that course now.

Reply to Kavin Kumar

33738543
konatham Abhishek

Scholar-Level 16

3 weeks ago

Hi Kumar
You can also try from distance education and complete it.

33738543
KUSHAGRA VERMA

Contributor-Level 10

3 weeks ago

Listen if your wife discontinued 2 years back than she continues her studies from where she finished most probably in the same college or if different college you want to take admission contact personally to the head department and mainly till 5 years she can continue but if the gap bigger so she...Listen if your wife discontinued 2 years back than she continues her studies from where she finished most probably in the same college or if different college you want to take admission contact personally to the head department and mainly till 5 years she can continue but if the gap bigger so she has to study B.Com from starting as fresher student or if she can't do regular classes she can continue with distance learning colleges like IGNOU.

T

TankaNath Sharma

2022-02-05 03:01:39

Which are the universities in India offering Masters in professional accounting?

Reply to TankaNath Sharma

r

rekha

Contributor-Level 8

3 weeks ago

Hi Sharma The institution provides accounting courses under the faculty of Management Sciences. It is a well-known Nigerian university that offers accounting and has a high quality of education hence it is recommended as one of the best schools to study accounting. Please visit link for complete ...Hi Sharma
The institution provides accounting courses under the faculty of Management Sciences. It is a well-known Nigerian university that offers accounting and has a high quality of education hence it is recommended as one of the best schools to study accounting. Please visit link for complete details: https://www.shiksha.com/accounting-commerce/accounting/colleges/colleges-india.

S

Sohan Ghosh

2022-01-31 12:23:46

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

Reply to Sohan Ghosh

D

Debapriya Das

Beginner-Level 1

3 weeks ago

It's around Rs. 5-7 thousand per semester. Other chargers lied between Rs. 500-2000 a year.

N

Neilenchong kipgen

2022-01-14 09:03:43

Can I know about admission process in NIELIT Shillong for Certificate Course in Computerized Accounting with Tally?

Reply to Neilenchong kipgen

39594851
konatham Abhishek

Scholar-Level 16

a month ago

Dear Kipgen Shillong Centre, National Institute of Electronics and Information Technology, (NIELIT Shillong) was established in 2009. This institute has a large campus area of 10 acre provided by State Government at Mawdiangdiang, currently, this institute sports a state-of-the-art training facil...Dear Kipgen
Shillong Centre, National Institute of Electronics and Information Technology, (NIELIT Shillong) was established in 2009. This institute has a large campus area of 10 acre provided by State Government at Mawdiangdiang, currently, this institute sports a state-of-the-art training facility that envelopes computer labs, library and wi-fi enabled classrooms. The centre also provides customised short-term training courses in IT to Officials of Central/State Government.
Please use below link for more details: https://www.shiksha.com/college/nielit-shillong-national-institute-of-electronics-and-information-technology-50807
Thank You!

N

Neilenchong kipgen

2022-01-13 08:51:04

I want to know about the fee structure at NIELIT Shillong for Certificate Course in Computerized Accounting with Tally.

Reply to Neilenchong kipgen

39594851
pradeep kumar

Scholar-Level 18

a month ago

The asked course of NIELIT is 80 Hrs of duration with objective of the course is to acquaint students with the accounting concept, tools and techniques influencing business organization. The course fee is about Rs 6500.

A

Arshad Ahmed

2021-12-27 04:01:52

I am doing B.com accounts hons. Can I change my course to economics hons after 3rd semester?

Reply to Arshad Ahmed

20997701
Vipin Bihari Yadav

Guide-Level 12

2 months ago

Economics (Hons. ). The course is designed to provide students with taxation and accounting education along with developing their education skills. The course can be very helpful for those who want to get into the insurance and accounting sector.

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