Diploma in Accounting and Finance is a 1-year diploma or certificate course for the candidates who have cleared their 10+2 examination with Mathematics as a compulsory subject. It means any candidate who has passed his 10+2 examination from an institute recognized by the government of India, is eligible to apply and pursue this diploma course.
Some of the colleges offering Diploma in Accounting and Finance are-
- NIIT, Rohtak
- GD Goenka University
- Times and Trends Academy
- IIMT Group of Colleges
- Vista Academy
- Shri Bhausaheb Vartak Arts, Commerce And Science College
- The Maharaja Sayajirao University of Baroda
- Anuna Education
A candidate does not need to qualify any common entrance examination to be eligible for the diploma, he just has to fulfill the basic eligibility criterion for the course. However, different colleges may have some of entrance test for the candidates and the admission depends on the marks secured by the candidate in the qualifying examination.
As the finance and banking sector is flourishing these days in India, so many students are choosing such courses to get a better start in their careers. There are many other diploma courses in the field like Diploma in Accounting and taxation, Diploma in Financial Management, etc. The average fee for the Diploma in Accounting and Finance in India is between INR 10,000-5 Lacs. A candidate can earn a starting salary between INR 2 - 6 lacs after completing the diploma course.
Diploma in Accounting and Finance: Course Highlights
|Duration of the Course|| 1 year|
|Examination Type||Annual/ Semester|
|Eligibility||10+2 or equivalent examination|
|Admission Process||Merit-based/ entrance exam|
|Course Fee||INR 10,000-5 lacs|
|Average Starting Salary||INR 2 lacs- 6 lacs|
|Top Recruiting Companies||Market research firms, public accounting firms, corporations, Consultancy Services, Research Organisations, Accountancy firms, etc.|
|Job Positions||Bookkeeping Clerk, Billing Clerk , Tax Accountant, Financial Advisors, Finance Assistant & Accountant, Financial Consultant, Chief Financial Officer, Certified Public Accountant, Finance Managers|
Diploma in Accounting and Finance: What is it all about?
It is a short-term Diploma in Accounting and Finance for students having interest in accounts and finance. The Diploma is aimed at imparting theoretical and practical knowledge of the subject to the students and to make them employable. The course lays the basic foundation of the subjects related to banking and finance in the students.
Diploma in Accounting and Finance course makes the students aware of Accounting and Financial Management policies and opens them to an environment where they can learn how to use accounting software in the business world, how to use financial services, etc.
The course covers areas like Fundamentals of Accounts and Finance, Indian Banking system, use of technology in Accountancy and finance, etc.
Diploma in Accounting and Finance: Top Institutes
|GD Goenka University||Gurgaon||INR 70,000|
|Times and Trends Academy||Pune||INR 45,000|
|IIMT Group of Colleges||Agra||INR 21,000|
| Vista Academy||Dehradun||INR 32,500|
|Shri Bhausaheb Vartak Arts,Commerce And Science College||Mumbai||INR 34,540|
|The Maharaja Sayajirao University of Baroda||Vadodara ||INR 13,160|
|Anuna Education||Lucknow||INR 48,000|
Diploma in Accounting and Finance: Eligibility
A candidate must have passed 10+2 or equivalent examination from a recognized institute to be eligible to apply for the course. A candidate must have Mathematics as one of the subjects in the qualifying examination in order to be eligible for the diploma. However, the marks percentage required can vary according to different institutions.
Diploma in Accounting and Finance: Admission Process
The admission process is based on the percentage marks obtained by the candidate in 10+2 or equivalent examination. There is no common entrance examination for Diploma in Accounting and Finance course, however, different colleges can conduct their entrance level examinations.
Diploma in Accounting and Finance: Syllabus and Course Description
The course is spread over a span of 1 year. The subjects or topics included in the course are as follows-
|Subjects of Study|
|Fundamentals of Accounting||Indian Financial System|
|Accounting and Audit Practice||Loans and Advances|
|Capital Market||Financial Risk Management|
|Indian Banking System||Commercial & Industrial Law|
|Tally ERP -9.0||Taxation|
|Economics & Finance Introduction||Management Skills|
Diploma in Accounting and Finance: Career Prospects
A candidate can work in Market research firms, public accounting firms, corporations, Consultancy Services, Research Organisations, Accountancy firms, banking organizations, financial firms etc. after completing this diploma.
There is a wide scope for a candidate pursuing this diploma. The student can get top roles like - Bookkeeping Clerk, Billing Clerk, Tax Accountant, Financial Advisor, Finance Assistant & Accountant, Financial Consultant, Chief Financial Officer, Certified Public Accountant, Finance Manager, etc.
The candidates can also opt for other undergraduate and postgraduate courses like B.Com, M.Com, etc. after successful completion of the diploma; it will act as an advantage to them. He can also take higher education and become a Chartered Accountant who earns INR 7 - 9 lacs per annum in India.
Some of the job roles for candidates completing the diploma are mentioned below-
|Job Role||Job Responsibilities||Average Salary (Annual)|
|Book keeping Clerk||To provide financial and administrative support to the organization and support financial operations.||INR 2 Lacs- 3 lacs|
|Billing Clerk||To generate invoices and bills.||INR 1.5 Lacs- 2 lacs|
|Tax Accountant||To understand the tax structure, handle financial records, taxes of an organization and prepare tax returns.||INR 2 Lacs- 3.5 lacs|
|Accounting Clerk||To create, update, review and maintain accounting records of a firm.||INR 2 Lacs- 3 lacs|
|Cost Accountant||To take care of the entire cost incurred in manufacturing a product and costs related to the firm.||INR 3Lacs- 4 lacs|