The Diploma in financial accounting Course has been designed to give knowledge on different hardware and software parts of computers, Operating systems, different packages used for different applications, database concepts & operations and different issues related to IT and application of IT. It teaches how to use accounting software like BUSY Accounting, Tally Prime, SAP Fico in Business.
Diploma in Financial Accounting Scope
Diploma in accounting and finance qualifies candidates for jobs as a bookkeeper, billing clerk, financial advisor, tax accountant, financial consultant, chief financial officer, financial assistant & accountant, certified public accountant and finance manager after graduation. You can also pursue other professional courses after graduation as well.
Diploma in Financial Accounting Highlights
| Full-Form | Diploma in Accounting and Finance |
| Duration | 1 years-2 years |
| Eligibility | 12 Mathematics |
| Admission Process | Based on the merit and Entrance Exam |
| Average Course Fees | India-INR 10,000-5,00,000 |
| Higher Study Options | BCOM,BBA |
| Average Starting Salary Package | India: INR 3,00,000-6,00,000 |
| Job Positions | billing clerk, financial advisor, tax accountant, financial consultant, chief financial officer, financial assistant & accountant, certified public accountant |
Syllabus for Diploma in financial accounting
The subjects offered a part of the Diploma in financial Accounting impart Knowledge, the following areas of study;
| Semester 1 | Semester 2 |
| Fundamentals of Accounting | Indian Financial System |
| Accounting and Audit Practice | Loans and Advances |
| Capital Market | Financial Risk Management |
| Indian Banking System | Commercial & Industrial Law |
| Economics & Finance | Management Skills |
| Tally ERP-9.0 | Taxation |
Top Colleges for Diploma in Accounting and Finance in India
The name of some top institutes is listed below.
| Name of Institute | City |
| GD Goenka university | Gurgaon |
| IIMt Group of Colleges | Greater Noida |
| Shri Bhausaheb Vartak Arts, Commerce And Science College | Mumbai |
| Pondicherry University | |
| Akb Institute of Finance and Management | Faridabad |
| Amity university | Noida |
| NIIT | Rohtak |
| Madhya Pradesh Bhopal Open University | Bhopal |
| The Maharaja Sayajirao University of Baroda | Vadodara |
Diploma in Financial Accounting: Top Colleges
You are looking to pursue a Diploma in Financial Accounting, take a look at the following highly recognized colleges.
- University of Oxford, UK
- Centennial College, Canada
- Humber College, Canada
- Dublin Business School, Canada
- George Brown College, Canada
- St. Clair College, Canada
Skills Required
Management skills are an important factor in working as a financial accountant. Managerial skills such as budget preparation, scheduling and planning balance cheque books, capital investment strategies, the Diploma in financial accounting course also builds and much needed skills related to computer communication skills, Social and Behavior Presentation and so forth.
Career and Job Prospects:
| JOB PROFILE | AVERAGE SALARY |
| Book-Keeping Clerk | INR 3.5 Lakhs |
| Billing Clerk | INR 3.0 Lakhs |
| Tax Accountant | INR 4.0 Lakhs |
| Financial Assistant | INR 4.75 Lakhs |
| Finance Manager | INR 5.5 Lakhs |
| Business Consultant | INR 6.0 Lakhs |
| Financial Advisor | INR 8.5 Lakhs |
| Cost Accountant | INR 5.0 Lakhs |
Career Options After Diploma in Financial Accounting Course
- Accounts Manager
- Taxation Manager
- Finance Manager
- Assistant Accountant
- Taxation Assistant
Financial Accounting:
Introduction, origin, objective and growth of accounting, meaning of accounting between book-keeping and accounting and accountancy, nature of accounting, use of Accounting Information, Branches of accounting, Limitation of accounting ,systems of accounting.
Cost Accounting:
Meaning and scope accounting, objective, Difference between financial accounting and cost accounting.
Management Accounting:
Introduction budgets and budgetary control ,marginal costing and decision making ,marginal costing-basic concept, reporting to management.
Financial Reporting:
Introduction ,revenue and liability-based accounting standards, assets-based accounting standards, preparation of single entity statements, disclosure related accounting standards.
Taxation:
Introduction, constitutional validity of taxes, administration of tax law, sources of income tax laws in India ,direct tax & Indirect tax, impact of agricultural income on tax computation.
Principal of Auditing & Governance & Company Law:
Introduction, principles of auditing, objective, principles of auditing, detection and prevention of fraud, limitations of audit, advantages of audit.
Read about diploma courses after 12th
Description
Course Name: Diploma in Financial Accounting
Course Id: DFA/Q1001.
Education Qualification: 10th Pass.
Duration: 370 Hour (Equivalent to One Year).
Total Credits: 18.
How You will get Certificate after Diploma in financial accounting:
Step 1- Select your Course for Certification.
Step 2- Click on Enrol Now.
Step 3- Proceed to Enrol Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will get Study Material Login id and Password on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy
Step 9- After certification you will receive prospect job opportunities as per your interest Area.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
Documents Required
Here is a general list of documents that you might need to submit to secure admission to a Diploma in Accounting and Finance. For a college-specific list, you’ll need to check the college website.
- Marksheet and pass certificate of your class X or XII examination.
- Proof of date of birth.
- School leaving certificate
- Transfer certificate
- Domicile certificate / residential proof or certificate
- Provisional certificate
- Character certificate
- Scheduled Caste/ Scheduled Tribe/Other Backward Caste certificates
- Migration Certificate
- SOP
- LOR
- English Proficiency Test Scores like IELTS, TOEFL, PTE etc.
A Diploma in financial accounting can open doors to a wide range of career opportunities in both the public and private sectors globally. A few major options to explore have been mentioned below:
- Research firms
- Public accounting firms
- Multinational corporations
- Consultancy Services
- Accountancy firms
- Banks
- Underwriting Companies
- Startups
Conclusion:
The opportunity to pursue higher-level degrees after successfully completing the Diploma in Accounting and Finance course is really fantastic. The field of Diplomas in Accounting and Finance also offers a large number of diplomas. These include, for example, a diploma in financial management and accounting. Students can earn their degrees in these specific streams, which are soft of specializations under the Diploma in Accounting and management itself.
FAQ:
Q.1:Which Diploma in Accounting Courses:
Ans: Here are the best diploma in Accounting courses:
Level 7 Diploma in Accounting and Finance.
Diploma of Accounting.
POSTGRADUATE DIPLOMA IN FINANCE AND ACCOUNTING ONLINE.
ACCA.
CIPFA Diploma in International Public Sector Accounting Standards (IPSAS)
Diploma in Business – Accounting.
Q.2: Can I get a job after my Diploma in Accounting?
Ans: A diploma in accounting and finance qualifies candidates for jobs such as bookkeeper, billing clerk, tax accountant, financial advisor, financial assistant & accountant, financial consultant, chief financial officer, certified public accountant, and finance manager after graduation.
Q.3: Is a Diploma in financial accounting worth it?
A financial accounting diploma can lead to a variety of career opportunities worldwide in the public and private sectors. The following are a few important options to consider: research companies in the public accounting industry
