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Top Accountant Roles and Responsibilities After BCom | CPA Course & Career Insights

Posted on by Imarticus Learning

The Bachelor of Commerce degree creates numerous avenues and particularly opportunities within accounting. More so, business expansions and increased economic activities further propel the rising demand for such experts in the accounting profession. This helps to establish the necessary foundation in order for new graduates to be highly competitive and advance within the highly dynamic accounting professions. In this blog we shall discuss various jobs after BCom, the changing role of accountants, and courses like the CPA course, which will help in reaching new heights in the accounting career.

The Expanding Landscape of Accountant Roles

Accounting is the backbone of every organization along with the objective of securing financial stability and compliance and strategic planning. According to Benjamin Franklin, “An investment in knowledge pays the best interest.” For BCom graduates, this knowledge is transformed into diverse job roles, offering lucrative career paths.

Popular Jobs After BCom

Here are some of the promising accounting roles that can be pursued:

Job Role Responsibilities 
Junior Accountant Managing day-to-day financial transactions and maintaining records.
Accounts Payable/Receivable Specialist Handling invoices, vendor payments, and customer payments.
Tax Consultant Assisting clients with tax preparation, compliance, and planning.
Financial Analyst Analyzing financial data to support decision-making and strategy formulation.
Audit Associate Conducting internal or external audits to ensure compliance and efficiency.
Cost Accountant Analyzing costs related to production and offering ways to optimize spending.

To know more about the job roles in accounting, check out this blog. 

Understanding Accountant Roles and Responsibilities

The accountant job role varies depending on the organization and industry. However, the core functions remain consistent. These include:

  1. Financial Reporting
    Accountants prepare financial statements to present a clear picture of an organization’s performance.
  2. Budgeting and Forecasting
    They play a key role in setting budgets and projecting future revenues and expenses.
  3. Compliance and Taxation
    Ensuring adherence to legal and tax regulations is a critical function.
  4. Audit and Assurance
    Verifying the accuracy of financial statements and internal processes.
  5. Advisory
    Offering strategic advice based on financial data analysis.

These accountant roles and responsibilities are integral to a company’s success, ensuring transparency, profitability, and growth.

For more in-depth information, check out this blog. 

The Importance of the Role of Accountant

An accountant is not responsible for looking after the numbers. The role of accountant has evolved over the significant years with professionals acting as a strategic partners in business and decision-making

As Warren Buffet wisely noted, “Accounting is the language of business.”

Key Aspects of the Role of Accountant:

  • Strategic Planning: Modern accountants are mostly involved in setting financial goals and creating and developing strategies to achieve them.
  • Risk Management: Identification and mitigation of financial risks is a major part of their job as an accountant. 
  • Technology Integration: With the increase in AI and automation, accountants use advanced tools like SAP, QuickBooks and Xero to increase productivity. 

The evolving accountant job role requires professionals to stay updated on technological trends and regulatory changes.

Advancing Your Career with a CPA Course

Enrolling in a CPA course is a real game-changer if you are looking to take your career abroad. 

The Certified Public Accountant (CPA) certification is globally recognized which offers unparalleled opportunities in career. Imarticus Learning is India’s 1st and only authorized prep partner for the CPA program in collaboration with Surgent, featuring advanced tools like AI-driven exam prep. 

Benefits of the CPA Course:

  1. Global Recognition: The CPA credential is acknowledged all over the world making you eligible for roles in countries like the USA, Canada and Australia. 
  2. High Salary Earnings: The average salary of a CPA in India is ₹8-12 lakhs per annum (Source: PayScale) 
  3. Various in Roles: CPAs can work in public accounting, corporate finance, or as consultants.

For more information about the CPA course and its advantages, check out this Certified Public Accountant page.

Latest Trends and Statistics in Accounting

The Growing Demand for Accountants

  • The global accounting services market is projected to grow at a CAGR of 6.4% from 2023 to 2028. (Source: Grand View Research)
  • In India, the accounting job market is expected to grow by 12% annually, fueled by the increasing number of startups and MNCs.

These trends highlight the increasing relevance of understanding accountant roles and responsibilities and the importance of upskilling.

The Impact of Technology

  • 82% of accountants believe technology will redefine their profession within the next decade. (Source: Forbes)
  • Tools like AI, blockchain, and cloud computing are transforming the role of accountant, making it more dynamic and efficient.

Soft Skills and Certifications: Keys to Success

Even though technical knowledge is very essential, soft skills like communication, critical thinking, and adaptability also come in handy to succeed in any accountant job. These can be complemented by certifications like the CPA course for greater employability.

Other Good Certifications:

ACCA-Association of Chartered Certified Accountants

CMA-Certified Management Accountant

CA-Chartered Accountant

These certifications not only add to your resume but also provide in-depth knowledge of the accountant roles and responsibilities you’ll handle.

Why Choose Accounting as a Career?

Accountancy has stability, growth, and variety. Accounting jobs after BCom for a BCom graduate are not just good paying but intellectually challenging. “Don’t be afraid to give up the good to go for the great.” This says John D. Rockefeller, meaning this exactly about a career in accounting as it is potentially transformative.

Why Accounting Stands Out:

  1. Diverse Opportunities: From start-ups to Fortune 500 companies, every organization requires accountants.
  2. Financial Rewards: Accountants are paid competitive salaries with opportunities for corporate ladder-climbing.
  3. Global Mobility: Certifications such as CPA will allow you to work anywhere in the world.

Here is what makes US CPA the best career choice in India. 

Future of the Role of Accountant

The accountant role evolves every day. Generally, we expect accountants to take more strategic responsibilities, more towards sustainability reporting and business transformation in the near future. Efficiency increases with further adoption of advanced technologies.

Skills That Will Be in Demand:

  • AI and data analytics
  • Regulatory compliance
  • Strategic thinking and problem-solving skills

FAQs:

  1. What are the key accountant roles and responsibilities after BCom?
    Accountant roles and responsibilities after BCom include managing financial records, preparing reports, budgeting, compliance, taxation, and auditing. Each job role, such as Junior Accountant or Tax Consultant, plays a critical part in ensuring a company’s financial stability.
  2. What is the role of an accountant in strategic planning?
    The role of an accountant in strategic planning involves setting financial goals, providing insights for business strategies, and supporting decision-making. This is crucial for businesses to achieve long-term growth and stability.
  3. How does a CPA course enhance the accountant job role?
    A CPA course helps expand an accountant’s role by providing advanced accounting knowledge, increasing employability, and opening opportunities in global markets. Certified Public Accountants can take on more senior positions in various industries worldwide.
  4. Are there any global opportunities for accountants after BCom?
    Yes, accounting is a global profession, and with certifications like the CPA course, accountants can work in countries like the USA, Canada, and Australia, thus providing immense career opportunities abroad.
  5. What jobs after BCom are suitable for someone with a CPA qualification?
    A CPA qualification opens doors to a range of accountant job roles, including public accounting, corporate finance, tax consulting, and management positions. These roles offer competitive salaries and career advancement.
  6. How can a CPA course help me increase my salary as an accountant?
    A CPA course can significantly boost an accountant’s salary by enhancing expertise and qualifications. With a globally recognized certification, accountants can earn higher salaries, particularly in roles such as Financial Analyst or Audit Manager.
  7. Why should I pursue a CPA course after BCom?
    Pursuing a CPA course after BCom enhances your career prospects by providing global recognition, increasing job opportunities, and preparing you for roles with higher responsibilities and salaries in the accounting field.

Conclusion

There are so many opportunities available in the world of accounting for BCom graduates. Understanding accountant roles and responsibilities, exploring various jobs after BCom, and investing in certifications like the CPA course can set you apart in this competitive field.

Remember, as Albert Einstein said, “Strive not to be a success, but rather to be of value.” By contributing value to your organization and continually upskilling, you will unlock a fulfilling and prosperous career in accounting.

Take the first step towards an extraordinary career by exploring the CPA course and paving the way to global success!

How MBA Students Can Get Their Dream Job in Financial Analyst

Posted on by Imarticus Learning

Becoming a financial analyst can be one of the most rewarding MBA endeavors. The work of a financial analyst is located right at the core of decision-making and strategies regarding financial operations in a firm, offering opportunities for great growth. 

However, due to the intense competition for the jobs, an MBA student interested in becoming a financial analyst would need to differentiate himself from other job seekers. Here’s how you could take up this role by being aware of steps, skills, and strategies you will need in order to take on your dream financial analyst role.

Understanding the Financial Analyst Job Description

But before venturing out to find a job, you should know what you are getting yourself into. For instance, the job description of a financial analyst usually entails the following jobs: ‘Financial analysts help businesses and organisations make the right decisions on finance, investments, and budgetary allocations. Their job includes scrutinizing financial data, making reports, and giving forecasts on what will happen in the future.’. They can do any of these and much more depending upon the company that they are working with, as well as the nature of the role.

  • Analysing financial data for insights
  • Designation of financial reports to different stakeholders
  • Developing financial models for budgeting and forecasting
  • Analysing investment opportunities by considering financial opportunities
  • Monitoring the market trends along with the overall economic conditions.

Understanding the major responsibilities of this role will also assist you in aligning the skills and experience you bring with expectations of potential employers.

Becoming a Financial Analyst After MBA

An MBA degree is the door to many jobs, but the number of finance professionals is increasing among graduates since this position is considered one of the most desired due to offering the possibility of career advancement and excellent pay for a financial analyst.

Steps to a Job as a Financial Analyst

  • Leverage the skills you build through your MBA: You may have acquired every skill in broad strategic thinking for management and then communication. Again, this would be a place where the requirement of analytical plus strategic thinking cuts across. Emphasise what your MBA could prepare you against the challenges likely to face such a role in the organisation.
  • Acquire Financial Knowledge: Finance, accounting, and economics knowledge is essential for financial analysts. You can enroll in a specialized finance course to expand your knowledge, like the CFA course. It is well-respected in the financial world and significantly increases your chances for the job.
  • Gain Relevant Work Experience: Where your MBA education provides foundational knowledge, employers want to see evidence of hands-on experience. It can be from internships, part-time employment, or volunteer work in finance departments that exposes you to practical experience.
  • Developing a professional network. The development of powerful industry connections may also help you see the market in view of analyst positions and afford you chances of mentorship. Interact with professionals working in the same industry by attending finance-related events, webinars, or joining LinkedIn groups.
  • Tailor Your CV and Cover Letter: If you are applying for financial analyst jobs, tailor your CV and cover letter to represent the skills and experience most relevant to that role. Emphasize your analytical skills, financial expertise, and any tools or software you are proficient in, such as Excel, SQL, or Tableau.

How an MBA Prepares You for Financial Analyst Roles

The MBA program graduates with quite a diverse skill set. Some of the key areas you would be prepared for follows:

  • Quantitative Analysis: Your MBA provides skills to understand and comprehend all kinds of complex financial data. Business Strategy: Financial analysts often need to develop their strategies based on their data analysis. Your MBA teaches you to be strategic thinkers and comprehend more significant business goals.
  • Communication Skills: An MBA enhances the communication and presentation skill in explaining complex financial information to non-financial stakeholders.

The Financial Analyst Salary: What to Expect?

Salaries of a financial analyst may go highly wide, as it gets influenced by locations, industry, and experience. For this particular job, the average salary within the UK ranges between £30,000 to £60,000. Anyone who is older or people that have taken their roles for several years are often paid way over £100,000. This is just an indication of different ranges according to the years that one may take. There include entry levels salary, that start at around £30,000 to £45,000

  • Mid Level (3-5 years): £50,000 – £70,000
  • Senior Level: £80,000 – £120,000

In addition to base salary, most financial analyst jobs offer bonuses, profit-sharing, and other benefits that can significantly add to total compensation.

Do You Need a CFA Course for a Financial Analyst Job?

The CFA course is a very well-rated certification for finance professionals looking up for the profile of a financial analyst. Now, this has not been mandatorily demanded, but its presence increases a person’s potential and enhances a person’s potential job opportunities in addition to greater salary opportunities than assured. Therefore, the curricula taught include all topics and subjects an every financial analyst in his career shall be aware about, like

  • Financial reporting and analysis
  • Corporate finance
  • Investment analysis and portfolio management.
  • Ethical and professional standards

Most of the finance jobs after completing the MBA prefer taking the course for CFA as it teaches more technical insights and knowledge on the financial market and investment policies.

Jobs After MBA: Other Finance Jobs

Some common jobs are the job of being a financial analyst, however, there are so many other finance jobs in which a person can move according to interest or skills. Some finance jobs by doing MBA are listed below.

1. Investment Banker

The second is an investment banking job. It works by offering consultancy to business clients, such as helping them raise capitals, merging and acquiring, and performing financial transactions in very complex matters.

2. Management Consultant

A management consultant will help companies solve troublesome issues or just streamline their processes. Although this work is not especially in finance, most management consulting does strategic financial planning.

3. Financial Planner

Financial planners are beneficial to the clients, as they help them plan their personal finance, investment, retirement planning, and insurance. The individual needs to have extremely strong interpersonal skills and should be well aware of personal finance.

4. Risk Manager

Risk managers manage the company’s exposure to risks. They research the marketplace and analyze threats before taking a strategic move to keep the company safe financially.

Key Highlights

  • An MBA is giving you the basic skills needed for a job as a financial analyst but still, needs to be matched up with on-the-job work experience and finance-related know-how.
  • The certifications of this kind make you stronger in the job market as well as the salary is also going to get higher by that.
  • With varying experience, industry, and location, the pay profile is fairly diverse, yet there is so much potential for growth associated with this job.

Frequently Asked Questions (FAQ)

1. Qualification required for application to work as a financial analyst?

The ideal prerequisite qualification would be in finance or accounting, however an MBA finance coupled with requisite certification such as CFA goes quite a way.

2. What are the skills that a financial analyst should possess?

Analytical skills, paying close attention to details, knowledge of financial modeling, and experience with various financial software packages are the must-requirements of the job for a financial analyst.

3. How long does it take to become a financial analyst?

As general practice, normally, 3-5 years of experience should be obtained once the MBA program is completed, and the employment for mid-level financial analyst might be gained, but extra credentials such as the CFA shortens the amount of time experienced.

4. Are financial analysts in high demand?

They are indeed a high demand asset in all companies, particularly by banks, in investments, or corporate.

5. Is a CFA required for Financial Analyst Jobs?

Not a must but will give you an extra edge and enhance job opportunities and salary.

6. How does the position of a financial analyst differ from that of an accountant?

Whereas both involve numbers, the financial analyst is to interpret data for decision-making purposes, whereas an accountant is more concerned with record-keeping and keeping in compliance.

7. Is the job prospect for a financial analyst bright in Singapore?

Financial analysts too have a shining job prospect also in the UK as there has been a continuing demand from practically every sector in order to induct such a professional.

8. Can MBA with a Non-Finance Background become a financial analyst?

Below is the answer to this question, showing that even an MBA from nonfinance background can be an analyst, only when such a person earns specific finance-related experience and certification.

9. How do I start looking for financial analyst jobs?

Revise the CV, apply to internships and entry-level positions, expand industry contacts, and consider further education-qualifying programs like the CFA.

10. Which industries are hiring financial analysts?

Financial analysts are recruited into many industries like banking, insurance, corporate finance, investment houses, and in the technology field.

Conclusion 

This means that landing your dream financial analyst job as a graduate of the MBA requires getting the right skills, qualifications, and experience. Financial expertise and networking with and leveraging your MBA can position one for success in this competitive field. Remember that certifications such as the CFA course can better enhance your career trajectory and the potential salary scale.

Key Takeaways

  • Financial analysts are in demand, and the financial industry is recruiting high salaries with great career prospects.
  • An MBA with practical financial experience is a must to break into this field.
  • Certifications like the CFA course can add much value to your job prospects and earning potential.

Ready to take the next step? Explore our comprehensive finance course certification programs and get started on the path to your dream financial analyst job today!

How To Prepare For a Job in Accounting and Finance After BCom

Posted on by Imarticus Learning

Top Jobs After BCom in Accounting and Finance: So, you’ve completed your BCom degree and are now pondering over the next course of action. High-paying jobs in accounting and finance are not anymore just a certificate. Nowadays, employers require some combination of these skills, certification, and the real experience, but there’s no need to worry. In this blog, we are going to outline some steps to help you prepare for jobs after BCom and begin a great career in India’s growing finance industry.

Why BCom Graduates Are In Demand

The Indian economy encompasses industry segments such as banking, finance, and commerce, among others, all of which necessitate a workforce related to accounting and finance professionals accompanied by suitable education and experience. The Economic Times anticipates that employment opportunities in the financial services industry will continue to rise at a 15% average per year over the preceding five years. BCom graduates, who understand the fundamental principles of business, taxation, and accounting or finance, are and consequently optimal candidates to serve these kinds of positions.

Steps to Get Ready for Careers After BCom

  1. Identify Relevant Certifications

ACCA (Association of Chartered Certified Accountants): International certifications that focus more on accounting principles and financial management.

CA: Ideal for any core accounting position in India

CFA: Best suited for investment banking and portfolio management roles

  1. Develop Practical Skills

Focus on skills such as:

Advanced Excel and Tally

Financial modeling

Analytical reasoning

  1. Work Experience

Internships with big companies like Deloitte or EY can give your resume a lot of boost and exposure, offering hands-on experience within the industry.

  1. Industry Updates

Subscribe to reliable sites like MoneyControl for regular updates on the latest trends in finance and accounting.

  1. Network, Network, Network

Networking remains an essential piece for advancement in his or her career. Take advantage of conferences, seminars, webinars, and career expos. LinkedIn has emerged as a critical element of the mix you use for networking with peers and continuing to be apprised of hiring prospects. preserving connections with alumni and industry professionals can contribute to new possibilities.

  1. Sharpen Interview Skills

Employers appreciate good candidates with communication skills and problem-solving abilities. You may pursue different kinds of mock interviews, group discussion training, and public speaking training to make yourself shine.

Government Jobs After BCom: Avenues and Eligibility Criteria

Government jobs offer security and great career growth potential. Some of the options that you can consider:

Job Role Exam to Clear Starting Salary (INR/month)
Accountant SSC CGL 35,000 – 40,000
Tax Assistant Income Tax Exam 40,000 – 50,000
Probationary Officer (PO) IBPS PO 40,000 – 60,000
Auditor CAG Recruitment 30,000 – 45,000

To get selected in these roles, focus on the following things:

  • Clearing competitive exams
  • Strong knowledge of accounting principles

Top Jobs After BCom in Accounting and Finance: Career Pathways

The private sector has different kinds of jobs available for BCom graduates. Some of the most common are listed below.

Role Skills Required Average Salary (INR/year)
Financial Analyst Financial modelling, Excel 4 – 6 LPA
Management Accountant Cost accounting, Taxation 5 – 7 LPA
Investment Banker Analytical skills, Networking 8 – 12 LPA
Risk Manager Data analysis, Risk metrics 6 – 9 LPA

Importance of the ACCA Course

An ACCA course is capable of substantially enhancing your professional prospects within financial and accounting fields. It is officially recognized in over 180 distinct nations as well as comprises all of the fundamentals, that include:

  • Financial reporting
  • Strategic business leadership
  • Taxation and auditing

As per ACCA Global, professionals holding this certification can earn up to 30% more than their peers.

Key Skills for Accounting and Finance Careers

To make a mark in the job market, hone these key skills:

Technical Skills:

  • Tally ERP
  • Advanced Excel
  • SAP

Soft Skills:

  • Communication
  • Teamwork
  • Time management

Emerging Trends in the Industry

The financial sector is changing due to technological development. AI, blockchain, and data analytics are changing the ways of doing business. Upskilling in these areas can be a competitive advantage. For instance:

  • Knowing how AI affects accounting software can make you indispensable in automated environments.
  • Blockchain knowledge is increasingly required for roles in auditing and compliance.

Expected Jobs After BCom and Salary Insights

BCom alumni have an excellent opportunity for lucrative careers in finance. Here’s a snapshot:

  • Beginner Jobs: Accounting assistant, junior financial analyst
    • Compensation: ₹2-₹3.5 LPA
  • Mid-Level Jobs: Senior accountant, investment advisor
    • Compensation: ₹4 -₹6.5 LPA
  • Senior Jobs: CFO, Finance Director
    • Compensation: ₹20+ LPA

FAQs

What are the highest paying jobs after BCom?

Investment banking, financial analysis, and risk management jobs are some of the highest paying jobs.

Is ACCA is a good course after BCom?

Yes, highly useful for professional accountancy and finance careers all over the world.

How do I get Government jobs after BCom? 

Clear SSC CGL, IBPS PO and Income Tax Assistant type exams.

What skills I require for a career in accountancy and finance? 

Tally and Financial Modeling, Communications and other Soft Skills

How much is an average salary offered to BCom Graduates in India?

It ranges from ₹2 LPA to ₹6 LPA, depending upon experience and role.

Can I do an MBA after BCom?

Yes, the finance MBA is an excellent choice for career advancement.

Are there part-time jobs available after BCom?

Yes, part-time accounting assistant and data entry operator options are available.

How long does it take to complete the ACCA course?

Generally, it takes 2-3 years.

Do BCom graduates have international job opportunities?

Yes, ACCA or CFA opens up international opportunities.

What are the major sectors that hire BCom graduates?

Banking, FMCG, IT, and government.

Key Takeaways 

  • Careers related to BCom offer vast fields of opportunity for graduates for career prospects in accounting, finance, and other positions in the government sector.
  • ACCA and CFA certifications enhance employability.
  • One of the best ways to land those high-paying jobs is to have practical skills and knowledge of the applied field.
  • Stable career in government jobs while high exponential growth in a private one.

Conclusion

A BCom degree is just the beginning of a fruitful career in accounting and finance, and many more opportunities await with extra certification, skill development, and constant knowledge of industry trends. You may target government jobs or private sector accounting and finance jobs, but the effort should be constant and smart preparation is the key. So take the first step today and begin shaping your future.

How Graduates from CA Score Success in Career in Mergers and Acquisitions

Posted on by Imarticus Learning

A world of mergers and acquisitions speaks of a boon for growth, innovation, and market dominance. Chartered accountants can play a dominant role in a dynamic field practicing financial analysis and valuation, making compliance knowledge flow into each and every deal they are involved with. Careers for CA graduates with M&A look like a true blend of intellect, high-scale earning, and the opportunity of influencing global strategies.

It would come as no surprise to say that, irrespective of whatever strategy or objective, mergers and acquisitions are always one of the top contributors to corporates’ growth. 

Given the scenario wherein India boasts 28,229 announced M&A deals valued at over $1 trillion since 1996, someone willing to accept the challenge could only find such a fertile domain. Let’s see how a CA graduate succeeds in an M&A career and what is so crucial in his skill set.

What Are Mergers and Acquisitions?

Mergers and acquisitions are strategic business deals in which companies combine their operations or buy other organizations. In a merger, two companies join to form a new entity. An acquisition involves one company purchasing another.

Why Are M&A Deals Important? 

  • Business Growth: Extension of operations or entry into new markets.
  • Innovation: Acquisition of new technologies and intellectual property.
  • Cost Optimisation: Elimination of operational redundancies and costs.
  • Market Power: Rise in market share and market power

Types of Mergers and Acquisitions

  • Horizontal Merger: Deal with competitors for grabbing market.
  • Vertical Merger: Deal with suppliers or distributors for integration and efficiency
  • Conglomerate: Diversification by acquiring a business of different area
  • Friendly Acquisition: Acquisition with the cooperation of the acquired party
  • Hostile Acquisition: Acquisition without the knowledge of the acquired party

For better understanding about the difference between mergers and acquisitions.

Why Do CAs Need CAs During Mergers and Acquisitions? 

Chartered Accountants provide experience that no other person can; hence, through such deals of M& A, they may give inputs at decision level, where required. It is their specialty of valuation, compliance, and analysis of financial risks which makes them non-replaceable.

Role of CAs in Important M& A Deals

  1. Financial Due Diligence

A chartered accountant digs deeper into the acquisition target for an analysis of the financial health of the target company, risks involved, and synergies that the deal can generate. It ensures the deal is strategic and financially sound.

  1. Business Valuation

One of the most important analyses involved in M&A is the fair market value of a company. The most advanced valuation methodologies guide buyers and sellers through it.

  1. Tax and Regulatory Compliance

The CAs ensure perfect compliance with taxes while structuring the transactions so that the tax liability is limited.

  1. Post Merger Integration

The financial systems and processes post deal are integrated by CAs, ensuring the deal is smooth.

Job Opportunities After CA in Mergers and Acquisitions

A career in M and A leads one to high-end jobs for which one is paid good money. The most sought after job opportunities following the CA exam are:

Most In Demand Career Positions for CAs in M&A

M&A Analyst

  • Financial Modeling, Deal structuring and Acquisition target identification
  • Avg Salary: ₹ 8–12 lakhs p.a.

Corporate Finance Advisor

  • Give strategic advice to a company for mergers, acquisitions, and restructuring
  • Avg Salary: ₹15–25 lakhs p.a.

Valuation Specialist

  • Know the business value, acquire and negotiate
  • Annual Average Salary: ₹10-20 lakhs

Financial Due Diligence Expert

  • Analyses financial data and risks associated in the transaction
  • Annual Average Salary: ₹12-18 lakhs

Investment Banker

  • Partners buyers with sellers and ensures that the deal is financed
  • Annual Average Salary: ₹15-30 lakhs

Rising Opportunities in M&A 

  • Cross-Border Deals: With globalisation, CAs will be an integral part of cross-border M&A
  • Private Equity: Supports businesses to acquire and manage portfolio firms.
  • Start-up M&A: Navigating the acquisitions to scale for start-ups

Building a Thriving M&A Career as a CA Graduate

Although M&A is a highly competitive sector, some proper steps can help CA graduates do well in their career.

1. Advanced Certifications

Some courses like CFA (Chartered Financial Analyst) or any financial analysis course enhance the skills on valuation and financial modelling.

2. Practical Experience

Internships or entry-level positions in corporate finance, private equity, or investment banking.

3. Key Skills

  • Analytical Thinking: Analysing complex financial data and scenarios
  • Negotiation: Negotiating deal terms with multiple stakeholders
  • Technical Tools: Being completely aware of software like Excel, Tableau, and Bloomberg Terminal

4. Stay Updated

Maintain awareness by subscribing to Harvard Business Review and attending M&A conferences.

Table: Essential Skills for M&A Careers

Skill Description Importance
Financial Modeling Creation of forecasts for assessing transactions High
Valuation Skills Company Value for Negotiation Very High
Taxation Expertise Ensure tax-efficient form of deal High
Regulatory Compliance Understand legal and regulatory environment Critical
Strategic Thinking Identify synergy and opportunities Very High

Frequently Asked Questions About Careers in M&A for CA Graduates

  1. What is merger and acquisition, and why is it important?

It involves the merging of companies to achieve strategic growth, innovation, and profitability.

  1. Are M&A jobs high-paying for CAs?

Indeed, M&A analyst, investment banker, and valuation expert all pay very handsome salaries and open up opportunities to grow.

  1. What else do I need in order to go into M&A?

Financial modelling, valuation techniques, and negotiation skills.

  1. How to get into an M&A role after CA?

Practical exposure, certification and industry network.

  1. Which sectors see the most amount of M&A action?

Technology, healthcare, and renewable energy have been one of the major sectors for M&A activity.

  1. Is international experience a pre-requisite to make an M&A?

No, it is not but it is highly desirable for cross-border transactions.

  1. What are the most common problems CAs face while dealing in M&A?

Complex regulatory issues, cultural issues in cross-border transactions, and valuation disputes

  1. For which kind of financial analysis course will benefit?

It gives professionals the ability to analyze complex transactions in a very advanced manner.

  1. Is M&A stressful as a career?

Yes, long hours and high-pressure deadlines, but equally rewarding.

  1. What is the future of M&As in India?

The scene of M&As in India is booming rapidly with rising foreign investments and a growing economy.

Conclusion

There are no ideal careers in the M&A area for the CA graduates as it provides great challenges, prestige, and remuneration as well. Global business transactions would only get complex; hence a skilled professional in the M&A would never go out of demand.

Key Takeaways

  • CA graduates have all the reasons to excel in finance and regulation aspects related to mergers and acquisitions.
  • Higher qualification and networking are must.
  • Immense scope in the booming M&A market of India.

Begin your mergers and acquisitions careers by taking up a course in financial analysis today!

Job Roles in Financial Accounting After BCom

Posted on by Imarticus Learning

Financial Accountant Job Description: The global financial services market is expected to grow from $33,379.8 billion in 2024 to $35,857.46 billion in 2025 at a compound annual growth rate of 7.4%.

There would be a record of managing the financials; hence, all the organizations could maintain the sound financial position while following a job description for financial accountancy. There are multiple career paths related to financial accountancy, hence making this an extremely promising profession for BCom graduates.

 What is financial accountancy and what does it entail for your profession? The various job roles available, scope, and high-paid jobs that may be accessed can be explored here. Never have businesses and financial institutes needed to have the right information in place for making proper decisions, which is why the role of a qualified financial accountant is urgently in demand. 

From multinational companies to small-scale startups and any other organization, experts who would study the financial records of these organisations, making sure that the norms are never deviated from, so actionables can be generated to support growth. There is a rosy future of BCom graduates in financial accounting, spurred by the issues of financial accountability, regulatory compliance, and efficient management of finances.

This financial accounting career provides high earning potential and professional growth due to the leverage for fresh graduates and aspiring professionals interested in the sector to position themselves for very high paying careers in finance, auditing, and investment banking.

What is Financial Accounting?

  • Financial accounting reports the transactions that an organization has conducted. The recording, summarizing, and intent of that branch are focused on transparency and are geared to serve the stakeholders by giving them reliable financial information.
  • Scope of Financial Accounting
  • It maintains businesses in tax compliance.
  • Decision on investment and even organizational growth.
  • Primarily an important tool for financial planning and managing risk.
  • Financials are presented to the management and even to the outer users.

Therefore, it saves the investment of trust which real financial statements reflect. This also enables the companies to post their figures by giving the streamlined and accurate reporting channel which ultimately reduces the risk factors involved with financials.

Top Financial Accountant Job Descriptions

  1. Financial Accountant

Job: Preparing financial statements, keeping general ledger accounts in order, tax compliance

Salary: ₹ 4-10 LPA

Skill set- Accounting software; Analytical acumen; Pays to focus on minute details.

  1. Management Accountant

Role: Budgeting and forecasting and analysis of cost to help a business take decisions.

Salary: ₹5-12 LPA

Skills: Financial modeling, business strategy, performance analysis

  1. Auditor

Role: Examiner of a firm’s financial record with the aim of ensuring if the records show accuracy as well as compliance with accounting laws.

Salary: ₹4-9 LPA

Key Skills: Risk assessment, internal controls, forensic accounting

  1. Tax Consultant

Role: Tax planning, Return preparation, Compliance seeking

Salary: ₹5-10 LPA

Key Skills: Tax laws, Financial regulations, Compliance management

  1. Investment Banker

Role: Fund raising, financial restructuring, mergers & acquisitions

Salary: ₹8-20 LPA

Key Skills: Corporate finance, Valuation, Financial advisory.

Jobs After BCom and Their Salaries

The following are some jobs that a BCom degree in financial accounting observes, along with an expected salary for each job.

Job Role Average Salary (INR)
Financial Analyst INR 5-12 LPA
Cost Accountant INR 4-8 LPA
Risk Analyst INR 6-12 LPA
Accounts Executive INR 3-6 LPA
Corporate Accountant INR 4-9 LPA

Why Join the Financial Accounting Course?

Postgraduate Financial Accounting and Management Program

  • 100% Job Guarantee for students with 0-3 years of experience.
  • Week days: Classroom Sessions (3 months) | Weekends: Hybrid (6 months).
  • 7 Guaranteed Interviews with 1000+ hiring partners.
  • 60% Salary Hike on completion.
  • Practical training with industry relevant tools
  • Learning via practical cases and real-time projects

Frequently Asked Questions on accounting financial accountant job description

  1. What is a financial accountant?

A financial accountant keeps finance records, formulates statements, and follows the standard rules of accounting

  1. How many coverage of financial accounting?

Financial accounting has immense use in all the tax planning and investment analysis functions, auditing practices, and consultancy roles.

  1. Are financial accountant jobs in demand?

Yes, every banking, corporate finance, or government organization looks forward to finding financial accountant positions.

  1. Which are the courses from which one can qualify as a financial accountant?

Comprehensive knowledge through special programs in Financial Accounting, hands on training and experience provide more options.

  1. What is the remuneration of a financial accountant in India?

Average salary range ranges from ₹ 4-10 LPA, though the higher-management level jobs range around ₹20 LPA

  1. What sectors hire the largest number of financial accountants?

This includes financial services, banking, investment firms, multinational corporations, and consulting firms for those hiring financial accountants.

  1. How do fresh BCom graduates land into financial accounting jobs?

The base has to be very strong, so it has to be aware of accounting principles.  Certification has to be completed for financial accounting courses, and an internship has to be taken.

  1. What are the most important skills for being a successful financial accountant?

Accountants in finance are expected to possess sound analytical abilities and software-based skills in accountancy, tax, and aspects of reporting as well as financing.

Conclusion

It is stable with high earning potential and opportunities in many kinds of industries. The knowledge about the job description of a financial accountant and scope of financial accounting will enable graduates to make better choices in their careers. As businesses grow and get tighter financial regulations, there is a huge market demand for seasoned financial accountants.

This would really be a great boon to the students as, post-BCom, it would not only give the practical exposure along with some insights of the industry through the course Financial Accounting. Hence, such high paying jobs are bound to happen in later times. It might just be the financial analyst or auditor or even the tax consultant. Still, that always viewed dream job, just just the right amount of training, getting one to start off at the top a little earlier.

Take a step forward towards success. Apply now for the Postgraduate Financial Accounting and Management Program and win against all forthcoming high-paying job opportunities.

Mastering Top Interview Questions in Financial Accounting

Posted on by Imarticus Learning

Financial Accounting Interview Questions: As per research, the global financial services market was valued at US$33,379.8 billion in 2024, and it’s expected to have a compound annual growth rate of 7.4% so that it rises to US$35,857.46 billion in 2025.”

Also, mastering BCom graduates and their knowledge require mastering the two technical and analytical skills left with the hiring managers or recruiters and mastering the answers to different kinds of interview questions in financial accounting. This is why the companies seek out professionals who will get the financial transactions done properly, maintain books of accounts, and also follow the regulatory norms. 

The freshers do come with the kind of confidence which really does help them to find the right kind of job, while answering the BCom interview questions. The guide offers an all-rounded overview of all BCom interview questions on different levels of difficulties. 

Having this information of questions, the candidate will have confidence in financial accounting and will not withdraw at any time during the strenuous hiring procedures.

Common Financial Accounting Interview Questions

Standard Financial Accounting Questions

Q1: What is the meaning of financial accounting?

The key principles of financial accounting include accrual accounting, going concern, matching principle, and consistency. In the case study at hand, the financial reports get done correctly, and financial statements speak clearly out.

Q2: Accrual Accounting vs. Cash Accounting.

Accrual accounting will automatically account for the transaction at the time of occurrence. In cash accounting, they only get face-to-face when the money is realized. Most have adopted accrual accounting because appropriateness in giving an exact view on how they are actually doing financially.

Q3: Double-entry bookkeeping.

The double-entry bookkeeping will ensure that every financial transaction will affect at least two accounts. In this, the accounting equation Assets = Liabilities + Equity will be maintained. This will increase the accuracy level in respect to the finances and will not misstate the financial accounts.

Q4: What are the different types of financial statements?

Financial statements consist of:

  1. Balance Sheet: It tells about the assets, liabilities, and equity.
  2. Income Statement: It provides information regarding revenue, cost as well as the profit incurred.
  3. Cash Flow Statement: This one states about cash inflow along with the outflow.
  4. Statement of Changes in Equity: Explains the changes in equity undertaken by the shareholders.

Intermediate-Level Financial Accounting Questions

Interview Questions for BCom Graduates

Q5: Definition of Depreciation with the formula.

It is the spreading of the cost incurred by an asset over its entire period of its use. Among the three most used, three most followed methods are the following: Straight line, Reducing Balance, and Units of Production are the ones followed the most. Also a requirement for the preparation of financial statement as well as tax audit

Q6: Revenue Expenditure Vs Capital Expenditure.

Revenues Expenses All the costs for running everyday businesses such as, for example, paying for rent or electricity or salaries of employees. Capital Expenditure are investment in the form of a machineries or buildings and that later benefits the firm

Q7 : Define goodwill related to accounts:.

Goodwill refers to that intangible value of the business which is achieved due to brand reputation, customer relation, or intellectual property. In such a case, goodwill is increasing when one buys another at the price other than his net assets.

Q8. What is an adjusting journal entry?

The adjusting journal entries will ensure revenues and expenses are recorded for the right accounting period. Here are some examples of adjusting journal entries for journals.

Few illustrations of accrued expense, prepaid expense, and deferred revenue.

Long Questions on Advanced Financial Accounting Questions

Comprehensive Interview Questions for BCom Students

Q9: Contingent Liabilities and Its Accounting

Contingent Liabilities those liabilities that are reliant on future occurrences. In such a case where such liabilities might become probable as well as capable of being reliably measured, they are included in the financial statement. Outstanding cases and warranty liability are examples of contingent liabilities

Q10: IFRS 15 Revenue accounting

Revenue is accounted for using a 5-step model as follows:

Identify the contracts with customers.

Identify the performance obligations.

Determine the transaction price.

Allocate the transaction price to the performance obligations.

Accrue revenue when and as the obligation is met.

Q11: Accounting adjustment is what relating to and why it’s important.

Accounting adjustments consist of provision for doubtful debts, write-off of inventories, and fair value adjustment. It is important as it gives an accurate and proper position of the finances of an enterprise from accounts.

Q12. What are deferred tax liabilities and assets?

A deferred tax liability arises if payable tax exceeds the tax for the expenses incurred. Conversely, if paid tax exceeds expense tax then there would arise a deferred tax asset. The situations thus obtained arise as outcomes of variance and deviation between timing and accounting base as well as between tax accounting bases. Why do one require enrolling oneself into the course Finance Accounting? Finance Accounting and Management – Master degree

A Financial Accounting program will make BCom graduates even more skill-intensive. Practical exposure from day one and career advancement opportunities will be given.

  • 100% Job Guarantee for freshers with 0-3 years of experience
  • Weekdays: Classroom Sessions (3 months) | Weekends: Hybrid (6 months)
  • 7 Guaranteed Interviews with 1000+ hiring partners
  • 60% Salary Hike on completion
  • Comprehensive hands-on training with industry-relevant tools
  • Real-world case studies and project-based learning
  • Mock interviews and soft skills training for preparedness

Financial Accounting Interview Questions FAQ

  1. What are the general financial accounting interview questions?

These questions are based on general principles, financial statements, depreciation, revenue recognition, and taxation.

  1. How to prepare for a financial accounting interview?

You can prepare to be well-equipped by practicing the technical questions and getting a good grip on accounting principles and enroll for a Financial Accounting course that may make your interview effective enough

  1. The levels of difficulty of the financial accounting interview questions vary with experience and the type of job, and some of the entry-level ones include even the basic ones. Advanced ones require information in depth about the financial reporting standards or tax regulations.
  2. Do finance accounting courses prepare for an interview?

YES; the technical course will give the student hands-on experience through on- the-job training and industry -wise skills that increase employability in the marketplace.

  1. What are Red Flags in Financial Statements?

Inappropriate recognition of revenue: a surge may indicate unorthodox bookkeeping

High debts: High liabilities compared to the assets

Changes in restatement: Modifications in the accounting statement indicate mis- application of accounts

Too many dissimilarities without interpretation are called bad books

Conclusion

Accounting interview questions are of great importance to the BCom aspirants of the accountancy career. The present time, being governed by financial rules, keeps on changing and updating itself. So companies ask for employees well-equipped with accounting knowledge and logical reasoning. This makes candidates appear in the interview round and get easy appointment with acceptable compensations in terms of applying technical principles on actual ground.

It is a course like financial accounting that would come only when it gives that kind of skills, ability toward employability, systematic approach toward practical work, and job support at the training stage.

Boost your career now. Come and enroll into the Postgraduate Financial Accounting and Management Course today. For sure, get placed into a good paying job!

Salaries of BCom Graduates in Financial Accounting

Posted on by Imarticus Learning

BCom Graduate Salary: When it comes to choosing a career in the finance sector, students do their BCom graduation these days as the scope is huge and demand at various levels while choosing any particular career-related to finance at the time of their selection process. 

Among all those careers that stand before them, of all type, the financial account will top up to be one of the most aspiring lanes for any postgraduate student who belongs to the BCom branch. How much will a BCom graduate draw for financial accounting? 

We elaborate on remunerations, careers, and prospects of growth within the confines of financial accounting to the BCom graduate.

According to research, the global financial services market is projected to grow from $33,379.8 billion in 2024 to $35,857.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.4%. This growth means more job opportunities and better salaries for professionals in the financial accounting sector.

What is the Starting Salary for BCom Graduates?

It is very wide regarding the different facts that a BCom graduate would post like the place he or she joined, from which industry he or she selected to join and so on. Differences between metro cities and non-metro cities in India are very stringent.

Finances Account BCom Graduate has job earnings wage between ₹3,00,000 to ₹5,00,000 per annum with in early years of their career; Rate remains flexible considering educational background as well as details relating to speciality skill. 

Factors Influencing BCom Graduate Salary

Several factors impact the salary of a BCom graduate in financial accounting. These include:

  • Location: The pay scale in metros is much higher as compared to anywhere else. In this case, if Mumbai is at a higher margin, then again it would increase the salary a lot more as compared to Bangalore or Delhi.
  • Industry: Therefore, working in one specific industry must have some difference in your pocket. Banks, insurance companies associated with international multi-nationals are known for paying better money to financial accountants.
  • Experience: As with any career, the more experience you gain, the higher your earning potential. Entry-level salaries may start on the lower end, but with experience, they increase substantially.

Education and Skills: Be it CA, CMA or other certificates- if one undertakes a course to complete Financial Accountancy still it is the CA graduate, who enhanced the ability to acquire very high sum in an equated amount.

Financial Accountant Salary: How Much Can You Expect?

Taking pay into account, if BCom graduate should generally expect that would amount to first salary, this in case of a consolidation on account of much experience compared with another especially in such matters would be comparatively much better. More so with every passing year, drawing remuneration from financial accounts, during an average year in, ₹ of ₹5,00,000 to ₹9,00,000.

This pay increases with experience and years since the incumbent is holding more experienced jobs like accounting managers and financial controller jobs. Experienced accountants can take from ₹10,00,000 to ₹20,00,000 per year since these are different offers received from firms and industries.

Financial Accountant Salary Across Different Industries

  • Banking & Finance: Incomes to the financial accountants would most likely be working in the bank and finance industries, at least they have to reach up to a significant level, compared to the majority of individuals working in this entire industry. Income could be as high as even Rs 6,00,000 per annum for a year down to even Rs 12,00,000 per annum.
  • Insurance: The staff of the insurance industry can get up to scales from the salary up to Rs 5,00,000 yearly up to that of annual salary of Rs 9,00,000.
  • Manufacturing and Retail: In this sector, concerning the financial accounting, the range of the salary will be between ₹4,50,000 to ₹7,00,000 annually.

BCom Jobs With Salary Benefits

After BCom, except for management, there are various jobs for which the students opt under the head of financial accounting and auditing. All such popular jobs after BCom along with their salary range is as follows:

  • 1. Financial Accountant

It would maintain the accounts of the financial transactions of the firms and would present the required financial statements while ensuring that the concerned companies were in accordance with the law guidelines. As discussed above, it falls in the category of more than ₹3,00,000 to ₹9,00,000.

  • 2. CA-Chartered Accountant

CA would bring much more. One would get money as a CA more than average BCom students. CA income is higher even than average graduates, that’s ₹6,00,000 to ₹12,00,000.

  • 3. Tax Consultant

The tax consultant shall advice the firm and individual what the tax law means and what they should strive for. One can estimate it to generate in India at the range of ₹4,00,000 – ₹8,00,000.

  • 4. Financial Analyst

They look at the status quo of the financial side of the organization and give their suggestion appropriately with strategic ideas. Their reward will be in the range of ₹5,00,000 and ₹10,00,000 per annum.

  • 5. Management Trainee

Most of the BCom students are placed as a management trainee in large organisations. They receive an amount of around ₹4,00,000 to ₹6,00,000 per year

BCom Graduate Salary in India: Overview

The salary for BCom in India is somewhere between place, sector, and depends on the skills. Fresher will get ₹2,50,000 to ₹5,00,000 while mid-level candidates will get ₹6,00,000 to ₹12,00,000.

BCom Average Salary by Location

Delhi/NCR: ₹4,00,000 to ₹8,00,000

Mumbai: ₹5,00,000 to ₹9,00,000

Bangalore: ₹4,50,000 to ₹7,50,000

Chennai: ₹4,00,000 to ₹6,50,000

Why Choose a Financial Accounting Course?

Since you are a BCom graduate, this course on financial accounting will be to your advantage. Even if your interest in this field is such that you will go even further ahead and specialize in high levels also. As such that course also is taught to you, which would even have provided appropriate theoretical and practical knowledge aspects in accountancy, taxation, and audits along with considerations of value on the part of the employers that would be giving for using the knowledge related to your value transactions .

Benefits of Pursuing a Financial Accounting Course

  • Job Preparations: Almost all sorts of financial accounting require more practical jobs, and for that, a student is always prepared in jobs.
  • Industries Awareness: After achieving some qualifications or certification that of financial accounting then only one single individual reaches towards some uplifted prospects associated with some increments that he meets.
  • Salary Growth: Once he gets any kind of knowledge increase to him then later on then he achieves up-scale salaries to him.

It is pretty very high but at initial level the salary for BCom is not much high. It becomes wide when there are ample experience and expertise mainly after having particular certification in some kind of industry or courses to obtain some post graduate degree.

  • Financial Manager: A person can be at the stage of financial manager and thus one can reach upto ₹8,00,000-₹15,00,000
  • Chief Financial Officer: Ten year graduation after BCom makes him a CFO and remuneration crosses ₹20,00,000 per year

FAQs

Q1. What is the starting salary of a BCom person in the field of finance accounting?
The starting salary for BCom graduates in financial accounting typically ranges between ₹3,00,000 to ₹5,00,000 annually.

Q2: How much can an experienced financial accountant earn?

This Salary of Experienced financial Accountant may be assigned in the range of ₹6,00,000 to ₹12,00,000 a year.

Q3: What is the salary range for BCom graduates in India?

In India, the entry level of the salary for the BCom graduate shall range between ₹2,50,000 to ₹5,00,000 in a year.

Q4: Why should I pursue a Financial Accounting course?

With such a course, it shall equip you with the right skills and competencies to turn into an effective candidate, raising the bar for a future earning in the financial marketplace.

Conclusion

Number of years of experience, place, sector, and degree of qualification are some parameters through which the package for salary to be given would be affected partially. It will probably be at the entry-level salary of about ₹3,00,000 to ₹5,00,000 per annum; proper certification and experience allow even high salaried financial accounting jobs open. 

All who are in dire need of up-gradation in their careers; they would go for Financial Accounting courses postgraduates too could be done with tremendous job profiling opportunities with a huge increment on both the job position and career lines associated.

Thus, financial accounting would, no doubt attract more such lucrative opportunities under the spreading wings of the finance industry all around the world. So, a BCom learner who aspires for high pay can very easily decide to study finance accounting and may study pertaining to financial accounting.

Financial Accounting Jobs for BCom Graduates: How to Get Started?

Posted on by Imarticus Learning

Cracking financial accounting jobs is rewarding for the BCom graduate who wishes to join the corporate finance world. Because businesses strictly rely on financial reporting and analysis, such a requirement for skilled professionals in accounting and finance jobs has placed immense demand upon it, as it increases day by day. 

If the students pursuing BCom are offered proper career paths and required skills along with the appropriate courses then they would be easy to make further movements ahead in accounting and finance jobs.

According to research, the global financial services market is projected to grow from $33,379.8 billion in 2024 to $35,857.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.4%.

One of the most significant functions is financial accounting, ensuring compliance, the finances are transparent, and the organisation will be informed in terms of decision-making. Working professionals who deal with digital accounting enhance the application even further. 

To exchange proficiency in traditional accounting principles, up-to-date technology is provided to deal with it. Financial accounting has a very wide scope: it goes from banking and investment firms to manufacturing and multinational corporations.

Why Choose Careers in Financial Accounting?

Financial accounting will bring economic stability to the organisations. Hence, BCom graduates must join financial accounting as this is one industry which requires proper accountants in each company of the industry.

  • High Demand: Companies look for such skills in three major areas- financial reporting, auditing, and compliance.
  • Diverse Opportunities: The job role varies from junior financial analyst to senior financial controller. 
  • Competitive Salaries: The competitive salary also begins with INR 4-6 LPA.
  • Growth Potential: Moving into CFO and Finance Director roles.
  • Industry Relevance: It could be a start-up or multinational, but any organisation requires the “epidemic” of financial accountants to stay healthy.
  • Technological Integration: Accounting gears up toward the use of AI and automation; therefore, professionals have to upskill to stay ahead in the game.

The right financial accounting course accelerates a student’s entry into this dynamic sector. Since financial transactions are business decisions, professionals learn to analyse and become invaluable assets for their organisations.

Top Accounting and Finance Jobs for BCom Graduates

  1. Financial Accountant

Prepares financial statements by reconciling accounts and ensuring that the regulatory standards are followed.

Key Responsibilities:

  • General ledgers and financial records
  • Income statements and balance sheets preparation
  • Tax compliance and reporting
  • Presentation of financial statements to the management
  • Procurement of new accounting software to enhance efficiency optimisation

  1. Accounts Payable/Receivable Specialist

Experts handling all payments, invoices, and company’s receivables

Major Responsibilities;

  • Vendor invoice management and payments
  • Customer invoices and collections
  • Compliance to financial policy
  • Identification of anomalies and solving of payment problems
  • Installation of automated tools for the optimization of processes

  1. Tax Consultant

A tax consultant is a person who advises both individuals and corporations about tax planning and compliance.

Key Responsibilities

  • File tax return
  • Advising clients on tax saving strategy
  • Compliance with tax legislations
  • On the changes of tax laws and financial policies
  • Assist foreign business organizations in strategy formation to comply with tax regulations

  1. Audit Associate

Audit assistant ensures whether any bookkeeping entries maintained by any firm are consistent with the applicable accounting standards, and certifies in this behalf also.

Core Responsibilities

  • Inter as well as extr
  • Discovery of Financial Risk and Suggestion of Change With Relevant Recommendation For Implementation
  • Wrong but truthful reports
  • Application of Information Technology towards fraudulence detection.
  • Team for perfect financial managing system

  1. Financial Analyst

Financial Analysts also offer the views of data-based finance. Hence, such an investment-related decision that the organization may consider.

Key Activities

  • Analyse the financial statements and trends in markets to give an advisory about the right investments
  • Prepare investment reports and present the financial opportunities
  • Assist in budgeting and strategic planning
  • Help develop the finance model for use in advisory
  • Collaborate with big data analytics to gain insight into finance perspectives

  1. Cost Accountant

Cost accountants oversee cost analysis, cost control, and cost effectiveness in operations.

Key Activities

  • Cost analysis of production and identification of scope of saving the costs
  • Preparation of reports to be utilized by management for decision-making
  • Pricing strategy or profitability analysis
  • Use of accountancy software for the process of Cost Accounting
  • Strategic management for optimum cost.

  1. Management Accountant

Management accountancy presents financial information to the concerned organization for its decision-making purposes.

Major functions include:

  • Preparation of financial reports for internal use
  • Help in strategy formulation and budgeting
  • Cost control measures
  • Business development through Financial calculations
  • Enable finance through predictive models’ better decisioning
  • Wholly Skills to achieve perfection in Financial Accounting

Essential Skills for Financial Accounting Jobs

B Com graduates need to acquire technical as well as communicative abilities to function efficiently in those jobs:

Technical Skills

  • Tally, QuickBooks, SAP, and Excel related Financial Accounting software
  • Drawing Financial Reports -Balance Sheet, Income statements, cash statements.
  • Taxation and compliance: GST, TDS and Corporate Tax compliances.
  • Auditing – Financial auditing & Risk assessments.
  • Financial Analysis: This involves translating the financial details for business to arrive at informed decisions.
  • Cloud accounting: Getting accustomed to utilizing the cloud accounting-based financial management tools.
  • ERP Systems: Knowledge in an enterprise resource planning software packages

Soft skills

  • Attention to details: Accuracy needed in financial reports.
  • Analytical thinking: Determining the nature of the risk and trend concerning finance.
  • Good communication: Preparing a finance report to other stakeholders
  • Problem-solving: Breaking down finance misfit cases.
  • Time management: Handling many projects on finances at once

FAQs

  1. Top BCom financial accounting jobs

Some of the best financial accounting jobs include financial accountant, tax consultant, and financial analyst.

  1. Are freshers able to get hired in financial accounting? 

Yes! A freshers can seek entry-level BCom jobs, especially after gaining experience in internship and taking up a financial accounting course. 

  1. Average salary of the financial accounting professionals?

Entry-level salary ranges between INR 4-6 LPA and can go up to INR 12-15 LPA for experienced professionals.

  1. Which sectors recruit financial accountants?

The sectors recruiting financial accountants are the banking sector, corporate finance, auditing firms, and MNCs.

  1. Do I need certifications to pursue careers in financial accounting?

Certification by CA, CFA, or ACCA only helps at the time of hiring but not mandatory for starters.

  1. How do I upskill to better accounting and finance jobs?

You can upgrade your skills through a financial accounting course, getting industry certifications, and practical projects.

  1. What are the potential opportunities for career growth in financial accounting?

Career growth is reflected in the experience gained during the professional career. A professional can move up to leadership roles such as CFO, Finance Manager, or Audit Head.

Conclusion

The prospects of jobs in financial accountancy for BCom graduates are excellent. Careers in financial accountancy with lucrative rewards can be obtained by acquisition through proper sets of skills, such as through enrollment in the course of financial accounting, or through the acquisition of hands-on experience. 

In fact, the dynamic financial accountancy profession within an emerging digital world compels professionals within that field to keep abreast and upskill. FinTech will also integrate with accounting, and the job-skill savvy specialists in the market will be given competitive advantage. 

These professionals should have knowledge of AI-based financial tools and the automated reporting system. Job-skilled professionals, accounting, and finance are likely to bloom in abundance, thus providing oodles of career opportunities in banking, insurance, corporate finance, consulting, and many more industries.

Continue your career journey with the Postgraduate Financial Accounting and Management Program at Imarticus Learning and unlock job opportunities with leading financial institutions!

Step by step Guide towards your Dream career in Data Science

Posted on by Imarticus Learning

Data Science happened, more or less by accident and turned into the most in-demand profession-cut across the lines industrial-in or out of an organisation, for many high-paid opportunities in job hunts. 

Since many organisations kept multiplying their number of data-based decision, added worth was being tagged onto already capable human resource end. In case you are interested in setting up a career in data science but have no idea of where and how to start off this process, then a step-by-step guide here ensures that guidance in getting into this field which is most dynamic one.

Indian data science landscape  is expected to grow more than 33% between 2020 and 2026, driven by the surge in data-driven policies implemented in finance, healthcare, and e-commerce.

Knowing the right way, whether one is a fresher or a professional looking for a change in his field of career, it is extremely important. Now let’s start our journey in learning how to build a successful career in data science, be it in India or abroad.

Why a Data Science Professional?

Rising Need for Data Science Professionals

Now, more and more industries are data analytics-based. There is a huge requirement for data scientists. Companies require them since they possess the art of extracting insight from large sets of data that would then govern the business decisions based on data. Pretty good money, too, along with job security.

Good Salary Packages and Job Security

Data science jobs provide good salary packages with job security. The average remuneration of a data scientist lies between 10-15 LPA. The remunerations of the experienced data scientists even surpass 30+ LPA. The sufficient number of jobs is offered since there is demand for this all around the world.

Opportunities Across Multiple Industries

Except for IT, finance, health, and retail, an e-commerce market requires a data scientist to innovate and bring efficiency to their venture.

How do I get into Data Science as a career?

Step 1 – Solid Foundational Study

To get into a career in data science, you will have to complete a solid foundational study of the following:

Mathematics & Statistics – Understand probability, linear algebra, and inferential statistics.

Programming Languages – Learn Python and SQL, which are widely used in data science.

Data Manipulation & Visualisation – Gain proficiency in tools like Power BI, Tableau, and Excel.

Step 2 – Enroll in a Data Science Course

You are to be taught industry-related skills in considerably lesser time due to the proper structure of this data science course. 

The post graduate program, Data Science and Analytics, designed by Imarticus Learning carries 100 per cent job assurance with 10 guaranteed interviews to be done as well. From 25+ real-world projects, you will get hand-on exposure by expert faculties about the topics of Python, SQL, and Power BI.

Step 3: Work on real-world projects.

Work with real-world datasets, projects with hiring managers want to see an exposure that you have about something they’re dealing with in the real world. It would be the best opportunity to come out from the crowd when applications do job.

Step 4: Strong Portfolio

This would make you appear in the interviews since through the portfolio people will envision your data science world of models and visualizations. Thus, use GitHub or Kaggle or both for showing off your work.

Step 5: Industry Exposure through Internships

Internship Exposure: They definitely are going to provide you with industry exposure along with excellent networking. A theoretical world connection creates a link to the practical world.

Step 6: Keep yourself updated with current trends.

Data science industry is changing really very fast. Keep updating the blogs in industry as well advanced courses and hackathons too.

Best Data Science Course to Grow Career

It is a postgraduate program offered on data science and analytics by Imarticus Learning suitable for freshers as well as working professionals looking forward for the career path change. It covers:

  • A 6-month program with relevant data science skills.
  • 10 Job interviews are offered with the best recruiting partners.
  • Live classes, which are interactive sessions with industry experts.
  • 25 + hands-on projects based on business problems are offered.
  • Imarticus COE participates in hackathons to enhance skills and for recognition.

Average salary hike is 52% and the highest salary is 22.5 LPA, hence this program has high employability and career success.

Career Opportunities in Data Science

Data Scientist

A data scientist analyzes complex data sets to look for business insights. He/She works with machine learning algorithms and predictive models in ways that help solve real-world problems.

Data Analyst

Data analysts are more concerned about the interpretation and visualization of data and help organizations make data-driven decisions using applications like Power BI and Tableau.

Machine Learning Engineer

Most of the decisions of the sectors are automated due to the actual implementation of concepts of machine learning models as they are designed and implemented by the ML engineers.

Business Intelligence Analyst

Business Intelligence Analysts assists in implementing the visualization tools through which raw data is converted into meaningful insights to be used for strategic decision-making purposes by the companies.

Data Engineer

Data engineers create as well as maintain pipelines through which clean-structured data can be easily utilized in analyses.

FAQs

  1. Would it be possible to have a career in the field of Data Science for Fresher?

Hence, Always! Fresher can make any career in the field of Data Science if a fresher comes out with apt set of skill and hands on experience. There is much-need structured to the data Science course.

  1. How To Learn Data Science?

The best way to learn data science is through a hands-on course in data science with job guarantee, practical work on the projects, and industry exposure in the form of internships.

  1. How long will it take to become a data scientist?

6 months to 1 year would be enough time to become ready for the job, depending upon the prerequisite knowledge

  1. What is the salary for a data scientist in India?

Entry-level salary from INR 8-12 LPA; experienced ones above INR 25 LPA

  1. Which domains engage data scientists?

The financial sector, health care, e-commerce, retail, and the technology sector have hired actively to get on par with the business strategy

Conclusion

One of the most rewarding careers, if one considers great growth opportunities, good job security, and high remuneration is that of data science. With the right kind of learning path and getting practical experience by enrolling into a structured course of data science, one can get a successful career ahead.

Choose Imarticus Learning Postgraduate Program in Data Science and Analytics. Leap into the fast-emerging industry today.