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IGNOU Bachelor of Commerce in Accounting and Finance (BCOMAF)

Published on Friday July 15, 2022 16:15 by Umesh Singla

Indira Gandhi National Open University has prolonged its outreach beyond the borders of the country. The globalization of Higher Education, mainly via the distance mode of shipping, has given an altogether exceptional angle to the go-border transport of  IGNOU’s academic packages in numerous international locations. The International Division came into existence after the international operations of the University. The Division was established on 16 October, 1997 as a Cell and was upgraded to the fame of a full-fledged Division in 2002. From 1996 onwards, the International Division has been assigned the task of offering and promoting the academic programs of  IGNOU by way of organizing bilateral and multilateral co-operations with numerous partner institutions and organizations/universities throughout the globe. At present, IGNOU is offering academic programs in 35 countries across the globe via 62 Partner Institutions.

A Brief Overview of BCOM Accounting and Finance

B.Com. Accounting and Finance or Bachelor of Commerce in Accounting and Finance is an undergraduate Commerce route. Accounting is the artwork of recording, classifying, and summarizing in a giant way and in terms of money, transactions, and events which can be, in part at the least, of financial individual, and decoding the effects thereof. Second, finance is the study of funds management. Bachelor of Commerce in Accounting and Finance is usually three academic 12 months' diploma  and it may be furnished on a component-time basis by way of certain institutes. The degree course is important and that opens many job scopes for the students after its successful completion.

Eligibility for Admission to BCOMAF

ELIGIBILITY Candidates who fulfill the following conditions are eligible for admission to this program:
i) 10+2 or its Equivalent) Passed Common Proficiency Test/PE-I/Foundation from ICAI.iii) Registration in Professional Competence Course/PE-II/intermediate/IPCC/(Chartered Accountancy First Stage) of ICAI or already passed Professional Competence Course/PE-II/intermediate.Similarly, all those students who have passed Chartered Accountancy are also eligible for admission subject to successful completion of conditions (i) and (ii)
FEE STRUCTURE Program Fee - Rs.8100/-

Registration Fee - Rs.750/-

 

MODE Open Distance Learning
SCHOOL School of Management Studies
DURATION 3 Years
MEDIUM ENGLISH
SPECIALIZATION Accountancy and Finance

How Is BCOM Accounting and Finance Course Beneficial?

  • The degree course gives a good base for higher degree programs in respective subjects, e.g. Masters’ degree, etc. for higher studies.
  • They can also go for government jobs such as government accountants-they may work at the local/state level or the central level, administer and formulate budgets, track costs and analyze programs.
  • Candidates also have the option of having jobs in the budget analyzing department; here they are responsible for developing and managing organizations' financial plans.
  • Teaching is also one of the best career options for them. They can work as professors after having certain qualifications, or as researchers in universities or colleges. Pursuing B.Ed., M.Ed., M.Phil. or passing the NET Exam can give an edge for those.

IGNOU BCOMAF Overview

B.COM or Bachelor of Commerce in Accounting Finance is an undergraduate degree conferred to the students of Commerce. This is one of the most popular courses among students. Like any undergraduate course, B.COM too is a three-year degree course and can be done by taking honors or passing subjects. Students pursuing it as honors take one or more subjects as a Major.

With the educational session of July 2019, the IGNOU has adopted the Choice Based Credit System offered by using the University Grants Commission. The Choice-based Credit System, that's on offer for the Diploma degree, offers adaptability to the students to examine the subjects/publications in their needs and pursuits.

Bachelor of Commerce with a Major in Accountancy and Finance is designed and developed in collaboration with The Board of Studies, The Institute of Chartered Accountants of India, exclusively for Chartered Accountancy students. The main objective of this program is to develop the skills and competencies of the students in the field of Accountancy and finance. Students can simultaneously study this B.Com. with a Major in Accountancy and Finance program with Chartered Accountancy First Stage offered By ICAI. This program comprises 96 credits, out of which 32 credits are from IGNOU and 64 credits are part of the Chartered Accountancy course (First Stage). Once a student passes the Chartered Accountancy First Stage, automatic credit transfer is given in this B.Com. (A & F) program for all of those Chartered Accountancy First Stage courses. This scheme facilitates the student to obtain dual degrees simultaneously.

Following Are the IGNOU BCOMAF Courses Offered for Students

IGNOU BCom A&F Syllabus (Updated)

Course

Code

Course Name Credits
FEG-1 Foundation Course in English-1 4
FHD-1 Foundation Course in Hindi-1 4
IBO-4 Export-Import Procedures and Documentation 4
ECO-13 Business Environment 4
FEG-2 Foundation Course in English-2 4
OR
BHDF-101 Foundation Course in Hindi 4
EEG-04 English for Practical Purposes 8
FHS-01 Foundation Course in Humanities and Social Sciences 8
OR
FST-01 Foundation Course in Science and Technology 8

Note: Student's Handbook and Prospectus are additionally accessible on IGNOU’s official site www.ignou.ac.in. Data about the courses given here is partial and hence ought not to be treated as complete. The organization would offer other courses than those referenced here. Therefore, students are advised to check with the institution for the most recent information concerning the course.

Those looking for admission in IGNOU B.COM Courses in NEPAL can apply through the IGNOU Online admission portal within the stipulated time.