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HomeAccounting and FinanceBcom with ACCA | Explained in Detail !

Bcom with ACCA | Explained in Detail !

Introduction

The BCom with ACCA is a versatile, globally recognised qualification that offers a comprehensive syllabus of topics related to business and finance. This program combines a Bachelor of Commerce degree with the ACCA (Association of Chartered Certified Accountants) qualification and is delivered through both online and university study.

If you’re looking to develop your knowledge in accounting and finance, entrepreneurship, business law, economics and management information systems, then this course could be the perfect opportunity for you. Whether you want to pursue a career in auditing or banking, or perhaps become an entrepreneur or corporate strategist alongside solidifying your skillset; the BCom with ACCA has all the modules you need to help you reach your goals.

The program consists of 14 professional-level ACCA papers which are rated as foundation-level courses by universities worldwide. In addition, the course covers core topics ranging from corporate reporting to taxation; you will be able to gain valuable knowledge from exam-style case studies which have been designed to give an understanding of multiple business scenarios. Whether you choose to undertake this program online or on campus at a university; it is designed to help you become successful in finance by teaching the essential concepts within an array of industries and markets.

To summarize, the BCom with ACCA offers an excellent opportunity for individuals seeking to gain a globally recognised qualification while learning comprehensive topics related to business and finance in order to develop their knowledge base. This program can open doors––making it ideal for those looking for skill sets that will last them throughout their professional careers.

Eligibility Criteria

Eligibility Criteria

The eligibility for a BCom with ACCA designation is fairly straightforward. You must have completed an undergraduate degree in commerce from a recognized institution, have at least four years of work experience in accounting, finance, or business and have passed all nine ACCA professional examinations. There may be some exam exemptions that can be applied if you have previously taken other professional exams that are accepted by ACCA.

To qualify for a BCom with ACCA designation, you must pass nine examinations covering topics such as financial management and reporting, audit and assurance, tax planning and strategy, corporate governance, and business law. Exams typically consist of three sections objective tests and two case studies though some exams consist of only objective tests. The exams are held twice a year and each one costs £75 to sit.

Once all nine exams have been completed successfully, students will be eligible to become Associate Chartered Accountants (ACA) or Fellow Chartered Accountants (FCA). With these qualifications comes the opportunity to gain employment in various sectors such as actuarial science, banking, investments and financial services, charities or public sector organizations.

As part of the BCom with ACCA program, you are eligible to receive exam exemptions depending on your prior qualifications and experience. If you have previously studied for professional qualifications such as ACA, CIMA, AAT or ICAEW then you may be eligible for certain exams without needing to apply. Additionally, if you have relevant work experience then this may also contribute towards some of the exams too.

It is important to understand that each prior qualification or experience is assessed on a case-by-case basis when determining which exam exemptions will apply to you. On top of this, you should note that exemption exemptions are only applicable up until a certain period (i.e. 5 years). As such, it is essential that you check your eligibility for potential exam exemption before embarking on your BCom with ACCA journey.

Overall, there are many benefits and exciting opportunities available through becoming an ACCA-qualified accountant by completing the BCom with ACCA program.

With this program, you can explore new possibilities and build confidence with your qualifications. Earning your BCom with ACCA designation requires hard work but it could lead to an exciting career in the field of accounting or finance. If this sounds like something that interests you, then we encourage you to find out more about the criteria for eligibility as well as pass all nine exams required for certification. Good luck on your journey!

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Syllabus of Bcom with ACCA

Syllabus of Bcom with ACCA

A Bachelor of Commerce/ Bcom with ACCA is a great way to gain an internationally recognized qualification in accounting and finance. This program focuses on understanding the principles of accounting and applying them to analyze business data to make strategic decisions.

This syllabus consists of the following subjects:

  1. Accounting & Finance: This subject will teach you the fundamentals of accounting and financial statements, as well as the use of analytical techniques for decision-making. You will learn about cost structure, bookkeeping, financial performance measurement and taxation. Furthermore, you will acquire knowledge related to financial statement analysis, ratio analysis, budgeting and forecasting.
  2. Business Strategy: This subject concentrates on understanding how different strategies can be developed in order to improve the performance of a company. It covers topics such as competitive strategy, diversification strategy, global expansion strategy and strategic planning. You’ll also get an insight into emerging trends such as digital transformation and sustainability-related issues.
  3. Applied Skills & Professionalism: From this subject, you will learn essential skills such as communication, problem-solving, leadership skills, team building etc., which are essential for success in your career. Additionally, you will get acquainted with ethical standards related to fraud prevention and money laundering regulations in different countries. Moreover, you will also develop a professional attitude which is very important for career growth.
  4. Audit & Assurance: In this subject, you’ll learn about auditing standards and procedures which are used to detect any errors or irregularities in financial statements or compliance with laws/regulations. Additionally, you’ll be able to determine the extent of assurance that can be provided by the audit process based on the type of client engagement.
  5. Taxation is an important aspect of any business and understanding the principles of taxation will help you to better manage a company’s finances. The BCom with ACCA course syllabus covers topics such as income tax regulations, goods and services tax (GST), customs duty and other indirect taxes. You will learn about how to calculate taxes and apply relevant regulations.
  6. Performance management is another important part of what you will learn in the BCom with ACCA course. You will understand how to analyze and measure performance for various departments in an organization. This includes such areas as risk management, cost control and planning for success. You will also learn how to identify potential risks, establish goals and create strategies that are built on data-driven insights.
  7. Financial reporting is a crucial aspect of any business and the BCom with ACCA course covers this topic in depth. It covers key areas like financial statements analysis, budgeting, forecasting and costing methods. Moreover, students will gain insights into international accounting standards as well as principles governing financial statement disclosure requirements.
  8. Last but not least is corporate governance which plays a pivotal role in ensuring that organizations are run efficiently and ethically. You’ll learn about board dynamics, roles & responsibilities of directors and shareholders’ rights & obligations under different jurisdictions by studying this module. With this knowledge, you’ll be able to explain accountability & regulatory requirements more confidently.

Course Fees

When it comes to business education, one of the best ways to go is by pursuing a Bcom with ACCA qualification. The Association of Chartered Certified Accountants (ACCA) is an internationally recognized qualification for finance professionals. It opens up career prospects and provides an essential knowledge base for those in the field. If you’re thinking about taking this route, you’ll need to know how much it’ll cost: the course fees of Bcom with ACCA in India.

The average course fees of Bcom with ACCA in India will vary depending on where you study and other factors such as whether you are doing the full-time or part-time study. However, as a general guide, you can expect to pay between Rs 20,000 to Rs 21,000 excluding taxes and additional study material costs per module. This equates to roughly Rs 4 lakhs to 5 lakhs per year. It basically depends on the institute from where you are pursuing.

It is important to note that there are many other associated costs involved such as registration fees and campus living costs (if you live away from home). Additionally, you may require additional tuition or exam coaching sessions from an external provider which can also incur further costs.

Overall, it is worthwhile noting that pursuing a Bcom with ACCA qualification can be costly but the rewards from investing in yourself are long-term career growth opportunities and the theoretical knowledge gained from your studies will help equip you for success in the finance world. Therefore, if possible it is advisable that you budget your expected expenses ahead of time so that cost does not become a barrier when considering this excellent academic path.

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Benefits of Pursuing BCom with ACCA

Benefits of Pursuing BCom with ACCA

Pursuing a degree in BCom with ACCA is a smart move if you are looking to pursue a career in audit and finance. The Professional Qualifying Program of ACCA provides you with the opportunity to gain global recognition for your accounting qualifications and makes it easier for employers around the world to take you seriously. ACCA is accepted in over 179 countries, making it easy for you to explore different opportunities regardless of where you go.

The Audit specialization under BCom with ACCA course prepares students with the essential industry-relevant knowledge and skills required to work as an auditor. This course teaches students how to critically evaluate different financial reporting systems, develop analytical ability and apply auditing frameworks. With this knowledge, they can become invaluable assets in any organization they join as they will be able to analyze financial information quickly and accurately.

When you pursue BCom with ACCA, you gain an expansive skillset that can help you reach greater heights in the accounting and auditing field. You also get professional assistance on a regular basis so that you can understand the key concepts better while staying on top of your studies and exams related activities. When included on your resume, this qualification gives employers confidence that your skills are up-to-date and most importantly globally recognized.

Overall, pursuing BCom with ACCA brings numerous benefits for those looking at entering or advancing within the auditing field. You get access to a range of specialized skills that allow you to stand out from other candidates and have an edge over them in terms of global recognition for your qualifications as well as employment prospects across 179 countries worldwide. So if this is something that interests you then consider applying for BCom with ACCA today!

BCom with ACCA vs BBA with ACCA

Are you trying to decide between a BCom with ACCA and a BBA with ACCA? Before diving into this decision, let’s first get a better understanding of the structure and benefits associated with each program.

BCom with ACCA is a Bachelor of Commerce program that is focused on providing students with the fundamental accounting knowledge they need to excel in their future profession. This program requires 4 years of coursework and includes courses in financial analysis, corporate laws and corporate finance.

Additionally, it offers an opportunity to become an ACCA Professional Accountant upon successful completion. The advantage of becoming an ACCA Professional Accountant is that you will be highly employable in the professional field due to being recognized internationally.

On the other hand, the BBA with ACCA program is structured similarly, however, it does not provide the same level of accreditation as BCom does. It focuses more on general business topics such as risk management, marketing, economics and global business culture rather than specialized accounting knowledge.

However, if you are looking for a broader educational experience without having to dedicate four years to study then this program could be what you are looking for. It also provides an opportunity for students to become an ACCA Professional Accountant upon successful completion of their studies although recognition from employers may be different as compared to those who complete BCom with ACCA.

In conclusion, when choosing between a BCom with ACCA and BBA with ACCA it is important to consider your goals and career aspirations in order to reach an informed decision. For those looking specifically for accounting qualifications then the Bachelor of Commerce program may be the best option.

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Top 5 Best Colleges in India 

Top 5 Best Colleges in India

Earning a BCom with ACCA from one of India’s top colleges is a great way to kickstart your career. With an ACCA certification, you can access amazing job opportunities and make yourself competitive in the marketplace. But with so many great colleges offering BCom with ACCA courses, it can be hard to make the right choice. To help you out, here are five of the best colleges in India for BCom with ACCA!

  1. Srinivas University: Located in Mangalore, Karnataka, Srinivas University offers a three year Bachelor of Commerce (BCom) program with ACCA certification. The course covers all the main topics required by the ACCA – including economics and financial accounting – as well as additional electives for those who wish to pursue additional paths within commerce. In addition, students have access to experienced faculty members, who have decades of experience in the field and understand what it takes to succeed in business. Their Course fee is 80,000 INR
  2. St Joseph College of Commerce: This college located in Bangalore offers a three-year BCom programme with an integrated ACCA qualification. Their course fee is 1,35,000. As part of their course curriculum, students will study topics such as financial reporting, auditing and taxation as well as economics and corporate strategy. In addition to this extensive teaching schedule, students also have access to state-of-the-art technology and resources that help them develop their skills and knowledge base even further.
  3. Christ College, Pune: This prestigious college located in Pune provides a three-year BCom program along with an integrated ACCA qualification that is designed to give students exposure to all aspects of business operations while also providing them with real-world problem-solving skills. Their Bcom with ACCA course fees will cost around 3,00,000.
  4. Dayananda Sagar University’s BCom with ACCA course offers a comprehensive curriculum. It covers all aspects of accounting, finance and economics, and includes modules on business law, income tax and corporate taxation. The program also includes a wide range of electives that you can choose to specialize in. This allows you to tailor your degree to your individual career aspirations and gain a head start in the industry. Their course fee is 1,25,000.
  5. Jain University’s BCom with ACCA course offers a unique blend of theoretical knowledge and practical skills training. The price of their Bcom with ACCA course is 1,65,000. The curriculum focuses not only on developing analytical thinking skills but also on understanding business operations and strategic management implications in accounting practices. You will also have access to industry mentors who will guide you through the entire course of study and even after its completion.

At the end of the day, it is important to remember that when searching for the best college for BCom with ACCA studies in India, it is essential to look beyond rankings and ratings – instead, consider each institution’s individual strengths and ensure they match or exceed your own requirements before making a decision

Jobs and Salary

Jobs and Salary

A BCom with ACCA (The Association of Chartered Certified Accountants) graduate in India is a highly sought-after professional. With the recognition and expertise of ACCA combined with strong business knowledge from a Bachelor of Commerce degree, the average salary for a BCom with ACCA graduate in India can range from 5 lakhs to 12 lakhs per annum.

In addition to higher salaries and better remuneration packages, having an ACCA qualification on your resume indicates that you are dedicated to becoming a finance professional and have the required skills to flourish in the corporate world. By getting this qualification, you will open doors to career options in accounting, auditing, finance, management consulting and more. As an experienced accountant with excellent skills in financial management and accounting theory, you will be able to demonstrate your expertise within the industry.

Furthermore, having an ACCA qualification enables you to be eligible for various higher positions within corporations such as chief financial officer (CFO) or financial controller positions where you could potentially be making up to 20 lakhs per annum. Not only this but due to having a global recognition attached to it, even if you want to move out of India and work abroad, you will still be eligible for these high-profile positions due to the global recognition attached to them.

Therefore graduating from Bcom along with achieving an ACCA qualification is not only beneficial for those seeking employment opportunities in India but also opens up opportunities abroad for people who wish to work overseas. The potential salaries that come with this degree combination are quite attractive as well!

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Conclusion

An ACCA qualification, or the Association of Chartered Certified Accountants, provides a prestigious professional status related to accounting and finance. Upon completion of your BCom with ACCA, you will acquire comprehensive skills related to various accounting standards and regulations. You will also learn how to apply this understanding in practical situations. With this combination of theoretical knowledge and practical skills, you can stand out from other BCom graduates.

In addition to giving you unique qualifications that employers value, completing a Bachelor of Commerce with ACCA can open many new doors for your career. You may be eligible for higher salaries or specializations like taxation or auditing which require additional qualifications. Earning a BCom with ACCA also gives you global exposure and recognition as well as the opportunity to gain experience in international markets if desired.

If you are just starting out, there are still great opportunities available through a BCom with ACCA program. There are numerous entry-level positions available for freshers that require only a basic understanding of accounting principles through ACCA standards and regulations training.

This provides excellent footing into a highly competitive field while also allowing them to continue developing their education and skill set through further learning opportunities such as professional development courses or certifications offered by an ACCA-accredited institution overall, completing the BCom with an ACCA qualification gives one unparalleled opportunity to excel in the Indian job market over their counterparts who do not possess this dual degree combination!

Frequently Asked Questions

If you want to make a good impression on employers, industry experts and senior management, consider taking the ACCA with B.com after 12th commerce. It’s an excellent professional course that will give you a great foundation for your accounting career.

This B.Com with ACCA course is designed to give students the best possible understanding of the financial sector and its global standards. It teaches them about international business norms and how they work in practice. In today’s competitive environment, it’s essential to be up-to-date with global business standards in order to succeed.

The ACCA Qualification Applied Knowledge and Applied Skills exams can be used to get an undergraduate degree in a cost-effective way. This is because these exams are the same as a bachelor’s degree, and the BSc (Hons) in Applied Accounting is available to ACCA students.

The ACCA course typically takes 3 years for students who have finished 12th grade, 2-2.5 years for those with a commerce degree, 2 years for IPCC groups, and 1 year for BCom and CA graduates.

An ACCA professional in India earns an average salary of 8 Lakhs per year, which is the same as a Chartered Accountant.

To pursue a career in the field, it is recommended to complete a graduate program. The best option for this is to pursue both ACCA and BBA. This combination will give students the skills they need to become leaders and managers.

This program is for people aiming to work in accounting, finance, or management. The ACCA registration fee is around 1,20,000.

Both ACCA and MBA have advantages and disadvantages, but you need to decide which career path is right for you. ACCA will give you specialized skills, while MBA will provide you with a wider range of business skills.

In June 2019, F1 (Accountant in Business) was the easiest exam with a pass rate of 85%, while P7 (Advanced Audit and Assurance) was the most difficult, with a pass rate of 30% in March 2019.

The ACCA course is designed for the global market, while the CA course is specifically tailored for the Indian market. Therefore, those who want to pursue a career in India should opt for the CA course instead of ACCA. Chartered Accountants are highly in demand and their value cannot be compared to ACCA.

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2 COMMENTS

  1. While the article is a good reading and gives a perspective about the course and it’s benefits. Few observations
    In The top colleges mentioned I enquired with Christ college pune and was surprised to know that they just started the course last year and this year they have not decided to have the course
    I feel there should be more research done on the colleges and best colleges before it is put out here.
    Also there is small error in the article that says Rs21000/- and then converting that to Rs 11lakh. is that correct?

    • Thanks for your feedback. We will definitely work on that and also Thank you for being an active user.
      It is not correct it is a mistake from our side. Sorry for the inconvenience caused.

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