Studying Accountancy

Eligibility, Courses, Specialisations, Syllabus, Scope

What is Accountancy?

Accountancy involves assessing and documenting the financial performance of a company. This is a critical field of work as stakeholders make decisions based on the company’s financial health. 

There are various long-term and short-term courses for students enthusiastic about taking up Accountancy. 


Degrees Offered for Accountancy 

Popular Diplomas Offered for Accountancy:

Some of the Diplomas offered for Accountancy are:

  • PGDM in Accounting & Finance
  • PG Diploma in Accounting
  • Diploma in Advanced Accounting
  • Diploma in Business Accounting
  • Diploma in Accounting & Finance
  • Diploma in Transfer Pricing
  • Diploma in Accounting Management
  • Diploma in Accounting Science


Popular certification courses in Accountancy 

Some of the certificate courses offered for Accountancy are: 

  • Chartered Certified Accountant (ACCA)
  • Certified Financial Planner (CFP)
  • Chartered Financial Analyst (CFA)
  • Certified Management Accountant (CMA) certification
  • Financial Modeling and Valuation Analyst (FMVA)
  • Financial Risk Manager (FRM)
  • Chartered Global Management Accountant (CGMA)
  • Chartered Financial Consultant (ChFC)
  • Chartered Alternative Investment Analyst (CAIA)
  • Certified Public Accountant (CPA)


Undergraduate Degree 

Some of the degrees offered at this level are:

  • B.Com in Accounting and Finance
  • BBA in Accounting and Finance 
  • B.Com in Accounting and Taxation 


Postgraduate Degree 

Some of the degrees offered at this level are: 

  • M.Com in Accounting and Finance
  • MBA in Accounting and Finance 
  • M.Com in Accounting and Taxation 


Specialisations in the field of Accountancy 

Here are some specialisations in Accountancy that one can opt for: 

  • Accountancy and Finance
  • Accountancy Hons
  • Accountancy, Taxation, and Auditing 
  • Accounting
  • Accounting and Taxation
  • Professional Accounting
  • Auditing
  • Accounting Information Systems
  • Forensic Accounting
  • Fund Accounting
  • Cost Accounting
  • Fiduciary Accounting
  • Government Accounting
  • Tax Accounting
  • Financial Accounting
  • Managerial Accounting


Eligibility Criteria for studying Accountancy 

Undergraduate level 

  • Candidates who have given their class 12 board exams are eligible to apply 
  • Candidates who had Commerce are eligible to apply. 
  • Students expecting their board results in class 12 can also apply. 


Postgraduate level 

  • Candidates need to have a bachelor's degree in Accountancy from any recognised university. 
  • Students need to have a minimum of 50% as their aggregate for applying to most of the postgraduate commerce courses. 


Entrance Tests for studying Accountancy 

Mentioned below are some popular entrance exams that aspirants of Accountancy sit for:

  • Institute of Chartered Accountants of India, Chartered Accountancy Exam (ICAI CA).
  • Institute of Cost and Work Accountants, Cost and Management Accountancy Exam (CMA).
  • Chartered Financial Analysis Exam (CFA).
  • Common University Entrance Test (CUET).
  • Symbiosis Entrance Test (SET).
  • Christ University Entrance Exam. 
  • Central Universities Common Entrance Test (CUCET). 
  • Christ University Entrance Exam. 


Aptitude required for studying Accountancy 

If you wish to take up Accountancy as a subject, below are some skillsets that you should master: 

  • Quick Thinking Skills 
  • Problem Solving Skills 
  • Multi-tasking Skills 
  • Adaptability Skills 
  • Ability to be committed to their work 
  • Critical Analysis Skills 
  • Numeric Skills 
  • Time Management Skills 
  • Should be able to coordinate with his team well 
  • Logical Reasoning 


Syllabus for Accountancy 

Here are some papers that Accountancy covers: 

  • Financial Accounting
  • Business Economics
  • Business Organization
  • Cost Accounting 
  • Business Law
  • Business Communication
  • General English
  • Environmental Science
  • Fundamentals of Mathematics & Statistics
  • Business Statistics
  • Corporate Accounting
  • Auditing
  • Financial Reporting
  • Management Accounting
  • Corporate Laws
  • Financial Management
  • Income Tax Law & Practice
  • Indirect Taxes
  • Information Technology & Accounting (Lab Based)
  • Business Research Methods
  • Advanced Accounts
  • Corporate Reporting
  • Financial Market Operations
  • Management Information System
  • Corporate Tax Law & Practice
  • Project Report – Viva Voce
  • Business Communication 
  • Value, Ethics & Governance
  • Business Analysis
  • Advanced Performance Management
  • Summer Training Report
  • Advanced Taxation
  • Advanced Audit & Assurance
  • Principles of Marketing
  • E-Commerce 
  • Entrepreneurship
  • Organization Behavior
  • Banking & Insurance
  • Operation Research
  • Human Resource Management
  • Computerized Accounting (Lab- based)


Career Prospects/Placements for students of Accountancy 

Mentioned below are some job profiles that students of accountancy get placed in: 

  • Public Accountant
  • Tax Accountant
  • Forensic Accountant
  • Financial Accountant
  • Managerial Accountant
  • Financial Planner
  • Internal Auditor
  • Government Accountant
  • Finance Managers
  • Directors (Finance)
  • Financial Controllers
  • Certified Public Accountant
  • Financial Advisors
  • Chartered Management Accountant
  • Chief Financial Officer
  • Company Secretary


Starting Salary for students of Accountancy 

The starting salary for an accountant in India is between 1-5LPA with an estimated annual salary of 2.2LPA. 


Subjects similar to Accountancy  

Candidates looking for similar subjects to accountancy could opt for CS, Finance, Banking, Economics, Taxation, Statistics, Mathematics, Marketing, etc.