Financial Accounting Courses

Degrees in financial accounting courses prepare an individual in managing various financial operations and transactions of the company. A financial accountant needs to record all business transactions, prepare financial statements, conform to quality management and use strategies and information to track financial performance for internal and external reviews. The responsibilities of a financial accountant include:

  • Calculating the organization’s income and expenditure
  • Running payroll
  • Calculating amount of tax owed by the organization and filing returns
  • Preparing monthly and year-end financial statements
  • Conducting audits (internal and external)
  • Identifying fiscal risks or irregularities
  • Investigating into losses or frauds (if any)
  • Advising on budgeting in order to increase profit
  • Helping insolvent businesses

Course Overview -   Financial accounting course covers different concepts such as:

  • Basic Accounting concepts
  • Accounting information
  • Accounting issues
  • Balance day adjustments
  • Budgeting
  • Control for debtors and creditors
  • Historical cash flow statement
  • Profit and loss statements
  • Risk in business
  • Stock recording and valuation assessment

Who can Opt for this Course -   A student can opt for a bachelor’s program in accounting after completion of higher secondary (10+2) examination. The minimum percentage for admission varies from one institute to another. For pursuing a master’s course in financial accounting, a student needs to complete a bachelor’s degree. Duration of a bachelor’s degree is 3 years while that of a master’s is 2 years. After completion of bachelor’s degree, a student can either go for a master’s program with specialization in financial accounting or opt for certificate programs in the same.

Best Universities, Institutions and Colleges -   Many institutes offer study programs in this field. The most popular ones in India are as follows:

Name of the Institute Course Offered Course Fees Contact Details
National Institute of Financial Management, Haryana Post Graduate Diploma in Management (Financial Management) INR 250,000 per installment (total 3 installments) Address:Sector 48,Pali Road,

Faridabad 121 001

Haryana

India

 

Phone: +91-129-2465444

+91-129-2465258

 

Fax:+91-0129-2418867

+91-0129-2423593

 

Website: http://www.nifm.ac.in

ARVEE Academy, Bangalore Tally Financial Accounting Program (certification course of 3 months duration) - Address : 9 2nd Floor 2nd Stage, B.T.M. Layout Bannerghatta RoadBangalore 

Phone : 080-41538333

 

Email: tally.arvee@yahoo.in

Sardar Patel University in Vijayanagar, Gujarat - - Mr. Mayank BhattAssistant RegistrarSardar Patel University

Vallabh Vidyanagar-388120

Gujarat

E-mail : mayankbhatt2003@yahoo.co.in

Phone : [02692]226801

Website: http://www2.spuvvn.edu

Dayanand Brajendra Swarup College, Kanpur (Uttar Pradesh) Bachelor of Commerce – 3 years Fees First Year:INR 4,200

Second Year:

INR 4,850

Third Year:

INR 4,950

 

Address: Govind Nagar, Kanpur, Uttar PradeshWebsite: http://www.dbscollege.orgEmail: csjmu@kanpuruniversity.org

Phone: 0512-2651730, 2650314

The Indira Gandhi National Open University, New Delhi - -  
Kanwal Institute of Commerce, Ludhiana Financial Accounting Coaching - 255-C BRS Nagar, Ludhiana, India
M.S.P Mandal’s Deogiri College, Aurangabad (Maharashtra) Certificate/Diploma/Advance Diploma:- Accounting and AuditingBachelor of Commerce (B.Com) - Address: Railway Station Road, Padampura, Aurangabad, Maharashtra, India – 431005 Contact No: 0240 – 2334577, 2334430

 

Email: principal@deogiricollege.org

 

Website: http://www.deogiricollege.org

 

Maharaja Sayajirao University, Vadodara (Gujarat) Bachelor of Accounting and Financial ManagementPost Graduate Diploma in Financial ManagementPost Graduate Diploma in Accounts & Finance

M.Com. in Accounting and Financial Management

-  
Goenka College of Commerce, Kolkata B.Com (Honors)M.Com - Address: 210, Bepin Behari Ganguly Street,

Kolkata – 700 012

 

Phone: 033-2241-2216

 

Fax: 033-2219-2056

 

Email:

info@goenkacollege.net

 

Website:

http://www.goenkacollege.net

St. Xavier’s College, Kolkata B.Com. Accounting and FinanceMaster of Commerce (M.Com) - Address: St. Xavier’s College

30 Park Street

(30 Mother Teresa Sarani)

Kolkata – 700016

 

Emails :

principal@sxccal.edu

When to Start the Preparation:   Generally, institutes start receiving applications for financial accounting bachelor’s course in March/April (after publication of 10+2 examination result). For advanced diploma courses offered by private institutes, applications are received in March and program commences from May. Admission to such advanced diploma courses depends on the marks scored in the last qualifying examination, work experience, personal interview and group discussion.

What are the Future Prospects -   Financial Accounting Employment Sectors

Individuals have various opportunities after completion of financial accounting courses. They can get recruited in the different sectors. Few of these sectors include -

  • Business Processing Outsourcing
  • Knowledge Process Outsourcing
  • Banking
  • Insurance
  • Retail
  • Manufacturing
  • E-Commerce and Web
  • Service Industry

Qualified professionals can work as -

  • Cashiers
  • Payroll Executive
  • Audit Assistant
  • Tax Advisor
  • VAT Consultant
  • MIS Executive
  • Chartered Accountant
  • Financial Analyst
  • Terminal Operator
  • Investment Advisor

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