Career In Accounting

What does Accounting means?

In simple words, we can say that

“Accounting is the process of keeping financial accounts. It estimates the economic activities of an organization and forwards this information to a investors, creditors, management and regulators”.

The field of accounting is always remain in demand as it is the backbone of every business entity. Accountant is needed in every industry. It is one of the respected profession in the world.

The practitioners and professionals of accounting are known as Accountants. The certified professionals in these fields are known as Chartered Accountants.

There are different types of accounting that includes financial accounting, management accounting, auditing and tax accounting.

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Qualified accountants in numerous countries are titled as certified public accountant (CPA).

career in accounting

What does an Accountant do?

  • They prepares the financial statement of an organization.
  • Maintain financial records of an organization.
  • They advice the ways that reduce costs, increase revenues and profits.
  • They have the duty to ensure that all the taxes are paid on time.
  • Secure financial data by creating backups.

Scope

Accounting job can vary from entry level to executive level. Accountant plays the very important role in any business. It is a very crucial part of an organization, for managing payroll, auditing and financial management. Due to the individual demand of different companies, the demand of accountants is increasing. Eligible candidates can find jobs in public, private or non-profit industries and companies. You can opt for various career profiles such as clerk, payroll clerks and accounts clerk.

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Commerce Courses after 12th

Courses & Programmes

How to Become an accountant?…What are the courses required in becoming an accountant?

Minimum education of bachelor’s degree in accounting is required to start career as accountant. Starting a career in accounting, first step exist is to pursue an undergraduate degree in accounting. One can pursue diploma courses, bachelor’s level, master’s level and doctorate level education in accounting.

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Diploma Course in Accounting & Finance – 1 year duration

Bachelor’s Courses:

  • B.Com in Accounting & Finance – 3 years
  • B.Com Accounting & Taxation – 3 years
  • Bachelor of Commerce in Accountancy – 3 years
  • BBA in Accounting & Finance – 3 years

Eligibility Criteria – For admission to undergraduate courses in accounting, minimum educational qualification is 10+2 passed with commerce subjects like Accounts, Economics and Mathematics is required.

Master’s Courses:

  • M.Com in Accounting and Finance – 2 years
  • MBA in Finance & Accounting – 2 years
  • Master of Commerce in Accounting and Auditing – 2 years
  • Post Graduate Diploma in Computer Accounting & Auditing – 1 year.

Eligibility Criteria – Minimum educational qualification of bachelor’s degree in the relevant discipline is required for admission to master’s courses in accounting.

For advancement in studies, you can also pursue PhD and Master of Philosophy in accounting.

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Skills Required for Accountant

  • Communication Skill
  • Analytic & Interpersonal skills
  • Knowledge of accountancy software
  • Strong in mathematics
  • Understanding of accounting procedure
  • Ability to work for longer duration in environment of computing area

Admission Process

There are numbers of reputed colleges offering undergraduate and post graduate degree courses in commerce. Also, there are private institutions which offer specialization in accounting courses and also correspondence courses. Admission to the undergraduate and postgraduate courses in accounting will be carried out on the basis entrance exam. Admission process of every University/institution is different. Many Universities/colleges conduct their own entrance exam for providing admission. You can fill the application form of the college/university in which you are interested.

Here, we have listed some best colleges that offers courses in accounting:

  • Amity College of Commerce & Finance, Noida, Uttar Pradesh
  • Annamalai University, Chidambaram, Tamil Nadu
  • Sri Ram College of Commerce (SRCC), New Delhi
  • Andhra University, Colleges of Arts & Commerce, Andhra Pradesh, Visakhapatnam
  • Ramjas College, New Delhi
  • Acharya Institute of Graduate Studies, Bangalore
  • Amrita Schools of Art & Science, Kochi, Kerala

Jobs & Career Scope

Profession in accounting is one of the top career choices marked by the students of India.

Numerous options open for the candidates seeking career in accounting. The job of accountants exist in public as well as in private sector. If you are choosing your career to be an accountant then, the career options in this field are available in numbers. You can go for various jobs under this course. One can do job in outside of India also.

Every organization needs an accountant that manage and maintains the financial records of the companies. It enables the organization to judge their success/failure and plan for the future. There are different positions available in this field. Lucrative jobs available for chartered accountants in India as well as in foreign countries.

One can choose teaching profession in this field. Job opportunities are available in accountancy firms, insurance companies and banks. You are also employed in private organizations or companies.

Job profiles in accounting field is as follows:

  • Finance Managers
  • Financial Controllers
  • Financial Advisors
  • Directors (Finance)
  • Certified Public Accountant
  • Chief Financial Officer
  • Chartered Management Accountant
  • Company Secretary

Working Area

  • Public Accounting
  • Audit
  • Tax
  • Budget Analysis
  • Financial
  • Management Accounting
  • Real Estate Finance

Recruiters

  • Wipro limited
  • Bharat Electronics Ltd
  • Vedanta Ltd
  • Ujjivan Financial Services Ltd
  • ITC Limited
  • Tata Motors
  • HPCL

Salary

How much does an accountant make?

The salary in accounting field is based upon the position you are holding in the accounting department. The accountants and auditors earns an average salary of $61,690 per year.

The average pay of an accounting manager is Rs 606,014 per year. Pay increases steadily for the employees having experience. Chartered Accountants (CA) in private sector gets the handsome salary. Those working in government sector earns remuneration of 3.5 lacs per year with other allowances.

Books & Study Materials

Here, we have mentioned some books that helps you out in the study of Accounting:

  • Financial AccountingT.S. Reddy, A. Murthy
  • Accounting for ManagementT VijayaKumar
  • Basics of Accounting & Information ProcessingLarry M. Walther, Christopher J. Skousen
  • Accounting for Governmental & Nonprofit EntitiesJacqueline Reck and Suzanne Lowensohn
  • APC AccountancyD K Goel, Rajesh Goel, Shelly Goel
  • International Accounting by A.K. Das Mohapatra
  • Fundamentals of Accounting  for Ca-Cpt by Pearson
  • An Introduction to Accounting by Maheshwari S N
  • Coroporate Accounting by Goyal V K

For more information about Career in Accounting, you may ask your query below.

Displaying 27 Comments
  1. manish kumar rai says:

    Respected Sir.

    I am manish kumar rai from chandigarh i have done diploma in civil engineering in 2015 but current i am unemployment now i want to make career in accountant so how i can start and make my career in accounant
    please tell me, thanks

  2. Dhana says:

    I complete my BA degree.. I want to become an accountant. What type of course can take me for this job??

  3. Megha pm says:

    Iam a bcom student. Ineed to know the best new courses after bcom

  4. Ganga pm says:

    Sir now iam a bcom student.can you suggests best few courses in accounting field(foriegn) for me.

  5. Bittu jha says:

    Sir I have complete my graduation(bcom) I am currently work in CA firm.I would like to know what is benefit in future. Lerning the company file return.

  6. Sonali S Guleria says:

    I have completed my graduation(B.com) with specialization in accountancy subject. Please let me know what further courses i can apply for as I’m interested in accountancy subject. Currently I’m doing job and i can apply for correspondence only.
    Please give the suggestion for the same.

  7. Shahroz liaqat says:

    What is the scope of accounting after msc mathematics.My qualification is M.Sc in mathematics and i want to professional accounting diploma what u say about this. will i do or not

  8. Nandini jagarwal says:

    Hello sir. Mam..i am studying at maharashtra . I am the student of the sy bcom.i am saerchin the career opportunities for become accoutant. Thre is lack of advice plz sor suggest mi some courses or qualifications details…for become accoutant

  9. yogesh bhalerao says:

    Dear Sir/madam

    i am working in accounts department, but i have small package i need a more package sir can you suggest me in accounts related coures then i will do it. but only 1 or 2 years course not more than because my age is this case 30 years old, please suggest me good coures if iam do i have get the salary at least 40000k to 45000k

  10. Jeno Arokia ruban. J says:

    Am also thingking about my career so please help me to get a good way

  11. manoj satrate says:

    sir I am compelet b.com I needed best course in accounting fild

  12. Riya gupta says:

    sir i want to learn all type of accounts and i want some expreience in this so can u suggest me a better place for it.

  13. Mustfa Sayyad says:

    I have pass Bsc degree.shall I applicable for icwa exam please quick reply.

  14. anjali nawande says:

    I am confuse i passed my 12th and i don’t have any idea what to do next please help i can’t understand what to do

  15. Manroop singh says:

    Thanx for the information. It very important for me,I help me very clearly that what course I do after 12.

  16. Anjan kumar says:

    It informaction is very useful for me Thanks you

  17. Bhawna Hariramani says:

    Is it possible to do a Diploma in Accounting and Finance after pursuing the Graduation degree in BCA

  18. Siddhartha Bhattacharya says:

    now i am pursuing certificate industrial accounting after completing my course can i start my own accounting firm. please reply.

  19. Dinesh vasnani says:

    Should I do any course for accounting job or not? How to build your accounting skills

  20. Muzamil tariq says:

    Please tell me admission process

  21. Anuj says:

    I’m Currently working in CA Firm since 1.5 years as a graduate( B.com Hons) and i would like to know what should i do further i having interest in finance as well should i go for CFP or CMA
    please suggest

  22. Chitra parikshit naidu says:

    I am b.com,age 38 yrs.I have work as an accountant in CA field & builder CO. field for 8yrs but last 2 yrs I’m jobless so I decided to any account courses so it’s help me for getting job..

    • Sunny sharma says:

      I am 28 yr old bcom graduate with 20 months of experience in an MNC company as an accountant. I just wanted to know what should I do for a career growth. Please suggest me

  23. Prakash Kormokar says:

    I m in a big tension thinking about my career. So please help me for this?

  24. Shruti shukla says:

    Wht is the scope of pg diploma in accountancy (with computrized accountancy with taxation)??

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