B.Com. in Accounting and Finance is a 3-year full-time undergraduate course premised on the concept that accounting finds its ultimate expression in practice, and hence consequently seeks to develop application-oriented and problem solving, and analytical skills in candidates.
The discipline is directly relevant to the needs of the accounting profession, since Financial Accounting is a system whereby an entity’s financial information is gathered, accumulated, analysed, and presented in standard formats.
Every economic entity normally has a goal of value maximization for its stakeholders. Towards this, Financial Accounting reports provide benchmarks for assessing the role and efficiency of the management and Board of Directors of a firm.
Accounting is both the process of keeping record of financial transactions for the benefit of stakeholders, and an activity central to fund-management. Successful graduates of Accounting and Finance are lucratively employed in public sector banks, corporate banks, the insurance sector, loan and finance-based companies, trading, stock market, chartered and cost accountancy, and such.The course essentially aims to familiarize enrolled students with fundamental and advanced concepts in the field, and other allied areas such as financial planning, macroeconomics, economic theory, etc.
As a minimum criterion of eligibility, candidates seeking admission to the course need to have completed the 10+2 or equivalent level of education in the Commerce stream, with Accounts, Math and Economics as main subjects, and a minimum aggregate score of 50%.
The admission process for the course is varied, as various institutes have their very own criteria and processes of admission. Admission to the course is often based on the candidate’s obtained merit at the 10+2 level, and sometimes, on the candidate’s performance in a relevant entrance exam, followed by a round of counselling, based on performance in which, students are admitted.