How to Become An Accountant in India?

How to Become An Accountant in India- An individual can study technical skills engaged with multiple processes of accounting standards and financial evaluation via this course. To be eligible for Accountant, a candidate must pass Class 12 or its equivalent exam in Science or Arts/commerce from a recognized Board with a minimum of 50% aggregate scores.

The minimum scores needed by the institutes to provide admission in this program may differ from institute to institute. Admission to become an Accountant is done on merit-based and entrance-based depending on Counselling and Personal Interview. B.Com graduates in Finance and Accounting may be employed in regions such as banks, educational organizations, excise departments, stock exchanges, auditing offices, etc. and can get jobs in the areas of Money Manager, Risk Analyst, Business Analyst, Senior Accountant, Market Analyst, Executive Assistant, Financial Analyst, Executive Assistant, Investment Banker, etc.

How to Become An Accountant in India?- Highlights

Particulars Accountant Details
Course Name B.Com Finance and Accounting
Duration of the Course 3 Years
Eligibility Criteria for the Accountant A candidate must pass Class 12 with a minimum of 50% aggregate marks from a recognized Board.
Admission Process Merit-Based and Entrance-Based
Course Level Undergraduate
Average Tuition Fees INR 2000 to INR 4,00,000 lakh 
Average Salary of an Accountant INR 1,00,000 to INR 10,00,000 lakh per annum
Best Recruiters Deloitte, PWC, KPMG, Accenture, Gartner, Oracle, NABARD, SBI, CBI, PNB, etc.

Eligibility Criteria for Becoming An Accountant

An aspirant must concentrate primarily on the institute’s eligibility criteria in which they wish to take admission to become an Accountant. The common eligibility criteria is given below to obtain admission in the B.Com Finance and Accounting and can be differed in various universities and colleges.

  • A candidate must pass Class 12 or an equivalent course in the commerce stream.
  • The minimum score obtained by the aspirants must be 55%.
  • An aspirant must fulfill the minimum cut-off criteria of the specific institute or admission to which you applied. 
  • The minimum cut-off scores may vary in each university as it is one of the primary criteria to take admission in B.Com Finance and Accounting. 

A few institutes are present that organize entrance tests. An aspirant must pass that specific entrance test.

How to Become An Accountant – Admission Process

Admission to the B.Com Finance and Accounting is accepted on an entrance test or merit basis which is followed by counselling. The students need to concentrate on the given below methods to obtain admission to the B.Com. Finance and Accounting course. 

  • Aspirants can apply for the B.Com Finnace and Accounting course admission through online or offline patterns by visiting the institute’s official portal.
  • Aspirants need to travel through the official portal of the university or college where they need to apply and sign up themselves. They need to fill up the admission form.
  • Aspirants have to submit the application after submitting all needed information before the given timelines.
  • They have to upload documents and submit the application form.
  • Applicants should take an application form print for further reference.
  • They must also appear in the entrance test and score excellent.
  • If they pass, they have to appear in the counselling round.
  • Aspirants must bring all their documents during admission.  
  • All aspirants must have their credentials (both Xerox and Original) at the time of admission.
  • A few institutes provide direct admission to the program depending on Personal Interview and Merit.

Topics that One Needs to Study To Become An Accountant 

Year 1 Year 2 Year 3
  • Financial Accounting
  • Business Information
  • Business Economics
  • Business Statistics
  • Corporate Accounting
  • Commercial Law
  • Banking Theory
  • Business Environment
  • Environmental Studies
  • Business Finance
  • Income Tax
  • Auditing
  • Cost Accounting
  • Accounting for Managerial Decision

Salary of An Accountant

Jobs Average Salary
Personal Finance Consultant INR 9,81,627
Financial Analyst INR 5,85,380
Accounts Assistant INR 2,48,033
Money Manager INR 7,62,187
Senior Accountant INR 3,55, 696

FAQs

Q1: Can I become an accountant after 12th commerce?
Yes, you can pursue a B.Com or enroll in a professional course like CA Foundation after Class 12.

Q2: How long does it take to become a Chartered Accountant in India?
It typically takes around 4.5 to 5 years to complete the CA course, including the articleship.

Q3: Do I need a degree to become an accountant?
While not mandatory for all roles, a degree significantly improves your job prospects and is required for most professional certifications.

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