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B.Sc. in Accountancy is a 3-year full-time course in India that is concerned with the provision and analysis of information for a regulation, resource allocation, and a range of other decision-making tasks, both inside and outside of an organization.
The subjects covered in this course are informed by a range of perspectives including those from Economics, Mathematics, Behavioural and Political Science, Psychology, and Sociology. Students enrolled in this course have the opportunity to gain a working knowledge of accounting and finance theory and methods in the context of social science.
They are more sought after by employers who are looking for knowledgeable individuals in their area of expertise. This makes it easier for them to find a job after graduation, unlike some other fields that require a further degree. The average annual course fee in India ranges between INR 2,000 and 4,00,000, depending upon the institute offering the course. The average annual starting salary offered in India to successful postgraduates of the course ranges between INR 3,00,000 and 10,00,000, depending upon the candidate’s expertise in the field.
Table of Content
- B.Sc Accountancy: Course Highlights
- B.Sc Accountancy: What is about it?
- Why opt for B.Sc Accounting?
- B.Sc Accountancy: Admission Process
4.2 How to Apply?
4.3 Entrance Exam
- B.Sc Accountancy: Top College
- B.Sc Accountancy: Distance Education
- B.Sc Accountancy: Syllabus
- B.Sc Accountancy: Course Comparison
- B.Sc Accountancy: Job Prospects
8.1 Future Scope
B.Sc Accountancy: Course Highlights
| Course Level | Undergraduate |
| Full-Form | Bachelor of Science in Accountancy |
| Duration | 3 Years |
| Examination type | Semester System |
| Eligibility | 10+2 (Min 50%) |
| Admission Process | Based on 10+2 marks |
| Course Fee | INR 20,000 to INR 4,00,000 |
| Average Salary | INR 3,00,000 to 10,00,000 |
| Job Positions | Financial Manager, Financial Advisors Financial Controllers, Chief Financial Officer, Chartered management Accountant |
B.Sc Accountancy: What is about it?
Accounting on its own is the process by which financial information about a business, organization, or individual is recorded, classified, summarized, interpreted, and communicated.
B.Sc. in Accounting is concerned with the provision and analysis of information for a regulation, resource allocation, and a range of other decision-making tasks, both inside and outside of an organization.
The program is ideal for those who wish to pursue a career in accountancy, consulting, or other financial services. The primary aim of this program is to equip students with the knowledge, skills, and expertise in accounting, auditing, finance, tax, and corporate law for rational decision making. Classes may include Principles of banking and finance, microeconomics, financial management, mathematics, auditing and management, statistics, and more.
Graduates are open to a variety of career options as there is an ever growing need in India for financial experts, and this course provides just that. Students can also opt for higher education, such as Masters, which will in turn pave the way for better opportunities and higher pay.
If finance and accounting is something that one is interested in, then checking out some of the best colleges listed in this article will help in the decision-making process.
Towards the end of the course, most colleges have top recruiters coming in who will offer high packages for better-achieving students.
Why opt for B.Sc Accounting?
B.Sc. in Accounting is a good fit for you in the following scenario:
- You have an interest in accounting and believe it is what you want as your main career
- B.Sc. in Accounting can also open doors to several other options
- You want to do your further education in accounting such as M.Sc. in Accounting or CA
- You aim to work in the banking, financial services, or insurance sector
- For those with interest in B.Sc. Accounting, the job roles in this field can be intellectually challenging
Skills required for B.Sc. Accounting
- Strong written and oral communication
- Interest in accounting
- Analytical and problem-solving skills
- Mathematical and deductive reasoning
- Proficiency in the required software
- Critical thinking
B.Sc Accountancy: Admission Process
Candidates who have scored a minimum percentage in their Higher Secondary School (10+2) are eligible to apply. Admissions in a majority of the colleges are based solely on the marks obtained. It would be better to take some time and check the criteria in the college you wish to apply to as they might have some extra requirements too.
B.Sc Accountancy: Eligibility Criteria
Aspiring candidates can apply for this course solely based on their Higher Secondary School (10+2) examination marks. The subjects studied under this would include Accounts, Maths and Economics.
How to Apply?
Once the admission process commences in the respective colleges, aspiring students can register by filling an online form with their required information.
Soon after, the screening will be done based on the 10+2 score.
B.Sc Accountancy: Entrance Exam
No entrance exam is required for this course. Admissions are based purely on the candidate’s 10+2 marks. Although it would be better for the candidate to do some background research on any other requirement the college might have.
| Name of the Exams | Exam Dates |
|---|---|
| NPAT | Check Here |
| CUET | Check Here |
| CUCET | Check Here |
| SET | Check Here |
B.Sc Accountancy: Top College
Here is a list of some of the top colleges in India that offer B. Sc in Accountancy:
| COLLEGE NAME | AVERAGE ANNUAL FEES |
|---|---|
| G.D. Goenka World Institute | INR 60,000 |
| IILM Undergraduate Business School | INR 90,000 |
| Lovely Professional University | INR 3,95,000 |
| Oriental College of Commerce And Management | INR 21,800 |
| School of Management Studies | INR 75,000 |
| ATM Global Business School | INR 2,90,000 |
| Mahatma Jyoti Rao Phoole University | INR 60,000 |
| Sankara College of Science and Commerce | INR 45,000 |
| Tips Institute of Professional Studies | INR 2,000 |
| Bharath University | INR 1,50,000 |
| Hemwati Nandan Bahuguna Garhwal University | INR 3,750 |
| Bholaram Shibal Kharkia College | INR 4,053 |
| S.S.V. College | INR 2,961 |
| SIET Institute of Management | INR 42,000 |
| Ram Lakhan Singh Yadav College | INR 2,121 |
| Maharani Kasiswari College | INR 2,265 |
| Vaagdevi Degree and PG College | INR 43,000 |
| AISECT University | INR 40,000 |
B.Sc Accountancy: What about Distance Education?
Certain unexpected situations might arise which can prevent a student from enrolling in a full-time campus-based course. In such situations, one can opt for distance learning.
Several options are available online in this field and one can easily opt to study. The certificate has an equal value which makes it easy for more and more students to apply.
Before opting for one, kindly check the college portal to make sure the course is valid and the college is in a distance or correspondence mode.
B.Sc Accountancy: Syllabus
Below is a table containing syllabus covered under B.Sc. Accountancy
| Course | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| B.Sc. in Accountancy | Principles of banking and finance | Core management concepts | Microeconomics |
| Principles of accounting | Introduction to economics | Financial management | |
| Mathematics I | Management accounting | Auditing and management | |
| Statistics I | Financial reporting | - | |
| Business and management in global context | - | - |
B.Sc Accountancy: Course Comparison
B.Sc. Accountancy vs BA Accountancy
B.Sc. in Accountancy and BA Accountancy are two very different courses offered in the subject of accountancy. Below listed are some of the key differences between the two:
| Parameter | B.Sc. Accountancy | BA Accountancy |
|---|---|---|
| Course Overview | B.Sc. in Accounting is concerned with the provision and analysis of information for a regulation, resource allocation, and a range of other decision-making tasks, both inside and outside of an organization. | BA Accountancy course has been designed to help prepare students for professional practice in Accounting, Management Accounting, Financial Accounting, Taxation and auditing, etc. The course requires a candidate to effectively track and analyse a company’s financial history and make suitable suggestions for a better future. |
| Admission Process | Merit-based | Entrance/ Merit-based |
| Average Course Fees | INR 20,000 to INR 4,00,000 | INR 30,000 to 5,00,000 |
| Average Salary | INR 3,00,000 to 10,00,000 | INR 3,00,000 to 10,00,000 |
| Top Job Profiles | Financial Manager, Financial Advisors Financial Controllers, Chief Financial Officer, Chartered management Accountant | Financial Risk Analyst, Financial Planner, Investment Analyst, Accounts Handler, Tax Adviser, Accountant etc. |
| Top Colleges | G.D. Goenka World Institute, IILM Undergraduate Business School, Oriental College of Commerce And Management, School of Management Studies, etc. | Banaras Hindu University, University of Calcutta, University of Delhi, University of Madras, Osmania University, etc. |
B.Sc Accountancy: Job Prospects
Successful graduates of the B.Sc. Accountancy courses can initially join as Trainee or Accountant. Accountants can also seek employment in various government and private sectors such as market research, public accounting firms, budget planning, corporations, and consultancies.
Also, one can opt for Masters and then go on to teach this course at universities and colleges.
Both government, as well as private-sector jobs, are open to qualified candidates. With today’s technology, even freelance opportunities are available. The options are endless, not only in India but also in foreign countries.
Candidates aspiring to study further, be it Masters or CA, are both eligible with this degree.
Below listed are some of the popular professional avenues open to such candidates along with salary package details:
| Job Position | Job Description | Average Annual Salary |
|---|---|---|
| Financial Manager | Financial managers are employed in a wide range of organizations such as financial institutions, manufacturers, charities, local government, IT Companies, retailers, and more. They help in business planning and decision-making process to ensure financial success of a business. | INR 9,56,000 |
| Financial Advisor | Financial advisors provide clients with specialist advice on how to manage their money. This includes recommending clients to the most effective products and services. Financial advisors are also known as financial planners or wealth managers. | INR 3,57,000 |
| Financial Controller | They are also known as the company’s lead accountant. Their job is to oversee accounting activities and ensure that the ledgers accurately reflect money that is moving in and out of the company. | INR 19,00,000 |
| Chief Financial Officer | The role of a Chief Financial Officer (CFO) is to plan, implement, manage and run all the financial activities of the company. Additionally, the CFO is also responsible for business planning, budgeting, forecasting, and negotiating. | INR 4,36,000 |
| Chartered Management Accountant | A chartered management accountant is responsible for preparing, developing, and analyzing financial information for an organization’s management team. This in turn will help them make well-informed decisions. The job role calls for a combination of accounting and business management skills. | INR 5,40,000 |
Average Annual Salary Chart
B.Sc Accountancy: Future Scope
B.Sc. Accountancy on its own has a very bright future. Top companies are opting for campus recruitment to hire qualified candidates by offering an attractive package.
With growing internet connections, candidates are now free to offer their services as freelance while studying or as a full-time career.
For those students who wish to study further, below are the two most popular streams:
| Streams after B.Sc. Accountancy | Full Form | Description |
|---|---|---|
| M.Sc. Accountancy | Master of Science in Accountancy | M.Sc. Accountancy offers graduates research skills and deeper understanding which is a requirement in many professional positions. It typically prepares students through financial statement analysis courses, strategic cost analysis, advanced auditing, and more. |
| CA | Chartered Accountant | Chartered Accountants are some of the highest-paid professionals in India in the non-technical field. One can easily choose this option after completing their 10+2. This stream is also open for students after B.Sc. Accounting. |
| ICWA | Institute of Cost Accountants of India | In this course, students are provided with an in-depth knowledge of how to manage businesses within the available resources. This course comprises three stages: CMA Foundation, CMA Intermediate, and CMA Final. |
| Actuarial science | - | Actuarial Science is a discipline that applies the mathematics of probability and statistics to assess the financial risks in an organization. |
| CS | Company Secretary | The Company Secretary course is a distance learning course that aims to regulate the profession of a Company Secretary. Students who wish to study CS have to undergo a range of practical training and academic programs to receive the credentials. |
| CMA | Cost Management Accounting | The CMA course is one of the most popular courses for those looking to make it big in the field of management accounting. The course is designed to train students to work in different industries and corporate functions. It focuses mainly on valuation issues, financial statement analysis, and more. |
| LLB | Bachelor of Law | This course is meant for those with a keen interest in practicing law. The course offers a broad understanding of constitutional law and its different sections. |
B.Sc. Accountancy: FAQs
Ques. Is B.Sc. in Accountancy a good course?
Ans. Yes. B.Sc. in Accountancy is one of the best courses in India for those interested in the field of accounting. Once completed, students have a chance to land jobs at some of the top hiring firms.
Ques. What is the full form of B.Sc. in Accounting?
Ans. B.Sc. in Accounting stands for Bachelor of Science in Accounting.
Ques. Is there any entrance exam involved to apply for B.Sc. in Accounting?
Ans. No. There is no entrance exam involved in applying for this course. One has to have scored a minimum of 50% in their Higher Secondary School (10+2) to apply.
Ques. How do I secure an admission for this course?
Ans. To secure an admission for this course, one has to have a good score in their previous exam, an average of 50%.
Ques. Is B.Sc. in Accountancy a tough course?
Ans. No. B.Sc. in Accountancy is not a tough course, although one has to have a sharp mind and good math skills to excel in it.
Ques. What should one do after B.Sc. in Accounting?
Ans. Upon completion of B.Sc. in Accounting, students can either opt to study further, which is to apply for Masters, or they can look for a job in their desired field.
Ques. What is the difference between B.Sc. Accounting and BA Accounting?
Ans. B.Sc. in Accounting is concerned with the provision and analysis of information for a regulation, resource allocation, and a range of other decision-making tasks, both inside and outside of an organization.
BA Accounting course is concerned with preparing students for professional practice in Accounting, Management Accounting, Financial Accounting, and more.
Ques. What is good after B.Sc. in Accountancy for a good career?
Ans. There are several job fields open to students upon completion of B.Sc. in Accountancy. They include Financial Manager, Financial Advisors Financial Controllers, Chief Financial Officer, Chartered Management Accountant and more. The options within these fields are endless.
Ques. What salary can a B.Sc. in Accounting graduate expect?
Ans. B.Sc. Accounting graduates can expect a salary range of INR 3,00,000 to 10,00,000 LPA.
Ques. Can I pursue B.Sc. in Accountancy through distance learning mode?
Ans. Yes, B.Sc. in Accountancy is also being offered through distance learning or correspondence mode. Kindly check with the college you are interested in to find out if this course is available in distance learning mode.
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