Accounting is the process of record keeping a person or company's financial transactions to calculate profit/loss.  A graduate who specializes in this field is known as an accountant. Accountants are involved in broad range of activities such as quality management, computing costs, financial statements, efficiency gains from new technologies, developing and using information systems to track financial performance, participating in strategies for mergers and acquisitions, tax strategy and health care benefits management.

Finance is a process of providing advice to person or company for money investments and where they can get high returns on investment. They act  professionals in this field act as financial planners or stock brokers. Finance management is the backbone of any company whether it is a corporate, a big business houses, or a financial institutions. Financial management provides a number of career options ranging from financial planning to sales. A candidate who specializes in taxation, accounting and auditing is known as a chartered accountant.

List of Courses: -

• Certificate Courses in Accounting
• Diploma Courses in Accounting    
• Bachelor of Commerce in Accountancy    
• Bachelor of Commerce in Accounting and Finance    
• Bachelor of Commerce in Corporate Accountancy    
• Bachelor of Commerce in Financial Accounting        
• Master of Commerce in Accounting and Auditing    
• Master of Commerce in Accounting and Finance    
• Master of Commerce in Finance and Taxation        
• Master of Commerce in Financial Service
• Post Graduate Diploma in Computer Accounting & Auditing        
• Master of Philosophy in Accounting

UG:
 
For admission in a bachelor’s degree, the candidate must have passed the higher secondary school certificate (10+2) examination with commerce subjects such as accounts, maths and economics. The duration for this course is 3 years.

PG:
 
The eligibility criteria for pursuing a master’s degree are holding a bachelor's degree with commerce subjects such as accounts, maths and economics. The duration for this course is 2 years.

Some of its specialized fields are: -

• Tax
• Audit
• Financial
• Budget Analysis
• Corporate Finance
• Real Estate Finance
• International Finance
• Management Accounting

There are lots of career opportunities in field. It is one of the top career choices made by students in India. A graduate after completion of his/her course can initially join as a trainee or  an accountant. Accountants can also seek employment in various sectors such as in government and private sectors, public accounting firms, markets research, budget planning, corporations and consultancies.  

Professionals in this career can also opt for teaching jobs in universities and colleges. Graduate professionals can  work as  freelancers in this field. They can work separately by taking assignments from small venture for maintaining their accounts on daily or weekly basis. There are lots of job opportunities available in India as well as in foreign countries for chartered accountants.

Some job titles: -

• Finance Managers
• Independent Worker
• Financial Advisors
• Directors (Finance)
• Financial Controllers
• Chief Financial Officer
• Certified Public Accountant
• Chartered Management Accountant

Remuneration: -

Accounting and finance is one highly remunerative field.  Accountant's income mostly depends upon their qualifications and experience. For those who want to pursue a career in accounting, their initial salary starts from 7, 000 to 15,000 per month. After gaining much experience and knowledge one can get around Rs.20, 000 to Rs.25, 000 per month. Chartered accountants working in private sectors can earn handsome salary.  Professionals working in government sector can earn around Rs. 15,000 to Rs.18, 000 every month with allowances.