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Accounting is known as the process of keeping financial accounts. Accountants are responsible for estimating the economic activities of an institution and forwarding this information to the investors, creditors, management, and regulators. It has been a field that is ever demanding and the backbone of every business entity. The profession of an accountant is a respected one in the country. There are various types of accounting such as auditing and tax accounting, management accounting, financial accounting, etc. the professionals who have qualified in accounting are titled Certified Public Accountant (CPA).

Courses Offered:

One should have a minimum of a bachelor’s degree in accounting to start their career as an accountant. The first step to start a career in accounting is pursuing an undergraduate degree in this stream. One can also go for diploma courses, bachelor’s courses, master’s courses, analyze and doctoral-level education in accounting and finances. 

Bachelor’s courses-

  1. B.Com in Accounting and Finance ( 3 years )
  2. B.Com in Accounting and Taxation ( 3 years )
  3. Bachelor of Commerce in Accountancy ( 3 years )
  4. BBA in Accounting and Finance ( 3 years )

One should have a minimum educational qualification in 12th commerce subjects like economics, mathematics, and accounts to pursue these undergraduate courses in accounting.

Master’s Courses-

  1. M.Com in Accounting and Finance ( 2 years )
  2. MBA in Finance and Accounting ( 2 years )
  3. Master of Commerce in Accounting and Auditing ( 2 years )
  4. Post Graduate Diploma in Computer Accounting and Auditing ( 1 year )
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One should have minimum educational qualification of bachelor’s degree in the relevant discipline for admission to master’s courses in accounting.

Skills Required: 

  • The ability to work for a longer duration in the computing area.
  • Have a well-built grip over mathematics.
  • One should know accountancy software.
  • One should understand the procedure of accounting.
  • One should have analytic and interpersonal skills.
  • Should have good communication skills.

Career Scopes:

You will get top career choices in this path. Ample opportunities are open for the aspirants in accounting. Every institution needs an accountant to manage and maintain the financial records of the companies. Some of the popular career scopes in accounting are as follows:

  • Chartered Management Accountant: ICAI (Institute of Chartered Accountants of India) is the regulating authority that can offer a chartered accountancy course and certify you as a chartered accountant. A chartered accountant is one of the most sought career options in India. 
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  • Controller: These positions are in businesses, non-profits, and government agencies. They also report to the chief financial officer or other senior executives. They are responsible for overseeing all accounting functions such as accounts payable and accounts receivable. They also maintain and monitor the financial data related to investments.
  • Finance Director: They direct financial policies for companies and groups. They also oversee all financial functions such as accounting, budget, insurance, credit, treasury, and tax. They also report to top executives on the accomplishments of financial departments. 

B.Com? CA? CS? Law? Journalism?

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  • Corporate Controller: They are also responsible for preparing taxes for the corporation. Their chief duty is to direct spending based on the approved budget and manage employees in billing, accounts receivable, and other finance departments. They also ensure compliance with workplace regulations and human resources practices.

    By – Sanchayita Chattopadhyay

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