The B.Com and CA (Chartered Accountancy) courses are fairly comparable to one another in terms of content. There is only one significant distinction, and that is that the level of difficulty in the CA course is significantly higher when compared to the B.Com course. B.Com., often known as a Bachelor of Commerce, is a degree that students get after studying for a total of three years as undergraduate students. It is generally acknowledged to be the second most popular undergraduate course in the Commerce stream.
The B.Com, along with the CA, is broken up over six different semesters. To raise the individual’s overall skill level, the B.Com CA subjects include a wide range of topics, some of which are economics, financial accounting, company law, auditing, corporation tax, business management, etc., as well as a great number of others.
It is common knowledge that B.Com Chartered Accountants in India are among the highest-paid professionals in their respective fields. The Candidate is required to obtain a legal affirmation from a legal body that can provide documented proof that the following candidate possesses the required skills and important capabilities that are necessary to handle the bookkeeping and tax collection from a business. This is required for the candidate to be considered eligible for the position. The Institute of Chartered Accountants of India (ICAI) has devised three distinct levels of education that must be passed to become a certified CA.
Let us get into the B.Com CA course details.
Can B.Com And CA Both Be Pursued?
- If candidates are qualified for both programmes individually, they may choose to pursue CA and B.Com concurrently.
- Your judgement will determine whether or not pursuing both programmes at once is a better option. Pursuing two degrees at once is no simple undertaking.
- Although the concepts covered in the first and second years of the B.Com syllabus are nearly identical to those covered in the CA Foundation course, the CA topics are substantially more challenging. However, if candidates are committed and diligent, handling both courses wouldn’t be too challenging.
Advantages of a B.Com with CA
Candidates who pursue a B.Com with a CA would have better career possibilities in terms of access to various job profiles as well as an overall increase in compensation. Therefore, to help the candidates make an educated choice, we will attempt to describe the advantages of a B.Com with CA in the section that follows.
- Understanding Enhancement: The B.Com course will assist the applicants in acquiring conceptual knowledge about the many commerce-related courses, such as accountancy, taxation, economics, etc. On the other hand, a CA course enables the students to learn in-depth information on financial management, accounting, etc.
- Better Employment Opportunities: Candidates who have completed a B.Com, with a CA, are hired for a variety of positions, including Chartered Accountants, Financial Analysts, Finance Officers, Finance Managers, Auditors, etc. The average pay for a plain B.Com graduate in India is Rs 4,53,708 per year, whereas the average salary for a B.Com graduate with a CA in India is Rs 7,95,838 per year, greater than 1.75 times the B.Com pay.
- Future Education Potential: Despite the CA being one of the most prestigious courses in the business stream. Although the CA is regarded as a professional course, applicants must have completed their undergraduate studies to pursue a postgraduate degree such as an MBA in the future. Therefore, a B.Com degree is crucial for both work opportunities and further education.
- A Safety Option: One advantage of the B.Com with CA is that it can be viewed by the candidates as a safe alternative. One of the most difficult courses to study in India is CA. In 2022, only 6% of students completed both groups. Therefore, the candidates will have a degree to fall back on if anything goes wrong.
- Networking: The ideal method to broaden your circle and improve your networking is to have the chance to attend college and meet new people.
Many students mistakenly believe that one of the prerequisites for the CA course is a Bachelor of Commerce (B.Com) degree. So, to address your concerns, applying via the Foundation Route does not require a B.Com degree to become a CA. However, you must have an undergraduate degree if you plan to apply for the programme via Direct Entry. Any bachelor’s degree will be accepted as proof of eligibility, although a B.Com or a degree of a comparable nature will aid in your comprehension of the CA courses.
Pursuing B.Com can be a stepping stone to your career, but you need the right institution to complete your degree. Sunstone can help you find the right college or university to pursue B.Com. Moreover, you will have access to Sunstone’s benefits, including placement support, soft skill training courses, and personality development courses to aid holistic growth.
People Also Ask
- How to study for CA intermediate exams?
To devote enough time to each subject, a thorough study schedule is required. Some students needlessly spend more time on theory and less time on practice. Students occasionally read the text again without considering whether their brains were processing the numbers. Rereading the same passage over will not help; instead, you should immediately review and take a test.
- What are the minimum criteria to fulfil the eligibility for admission to B.Com?
The minimum criteria for entry into the B.Com programme is a score of fifty per cent on the exam taken in class 12 or on an exam of a comparable level. B.Com is by far the most well-liked and sought-after course for students who are majoring in commerce.
- Which are the best colleges for B.Com in India?
Shri Ram College of Commerce, Delhi, is one of the best colleges for B.Com in India.