Diploma in Accounting and Finance: Course Details, Eligibility, Admission, Fees
A Diploma in Accounting and Finance is a one-year programme that deals with Accounting and Finance in a more professional setting than an academic setting. After graduation, diploma in Accounting and Finance jobs include HR, Business Consultant, Production Manager, Research and Development Manager, etc.
Table of Contents
- About Diploma in Accounting and Finance
- Eligibility Criteria for Diploma in Accounting and Finance
- How To Get Admission for Diploma in Accounting and Finance?
- Who Should Pursue a Diploma in Accounting and Finance?
- Types of Diploma in Accounting and Finance
- Diploma in Accounting and Finance in IGNOU
- Popular Entrance Exams for Diploma in Accounting and Finance
- Study Diploma in Accounting and Finance in India
- Top 10 Diploma in Accounting and Finance colleges in India
- Study Diploma in Accounting and Finance Abroad
- Fee Structure for Diploma in Accounting and Finance
- Syllabus and Subjects for Diploma in Accounting and Finance
- Why Choose Diploma in Accounting and Finance?
- Diploma in Accounting and Finance Course Comparison
- Preparation Tips for Diploma in Accounting and Finance
- Salary of a Diploma in Accounting and Finance Graduate
- Career Options After Diploma in Accounting and Finance Graduation
- Skills That Make You The Best Diploma in Accounting and Finance Graduate
Diploma in Accounting and Finance Course Details
| Degree | Diploma |
| Full Form | Diploma in Accounting and Finance |
| Duration | 1 Year |
| Subjects Required | Mathematics and Accountancy |
| Minimum Percentage | 10+2 with 55%of total aggregate from a recognized school board. |
| Average Fees | ₹10K - 5 LPA |
| Average Salary | INR 2 - 6 LPA |
| Employment Roles | Book-Keeping Clerk, Billing Clerk, Tax Accountant, Financial Advisors, Financial Assistant & Accountant, Business Consultant, Chief Financial Officer, Certified Public Accountant, Finance Managers |
About Diploma in Accounting and Finance
A Diploma in Accounting and Finance course is a discipline that deals with imparting to students the knowledge of Accounting and Finance topics, including micro and macroeconomics, business commerce, and export and import policies. Some other topics are economic theory, money systems, banking systems and principles of accounting. Specialization subjects are statistics, taxation, marketing, accounting & finance, banking, and insurance.
According to corporatefianaceinstitute.com, "Finance is the management of money and investments for individuals, corporations, and governments. Accounting is the recording, maintaining, and reporting of a company's financial records."
Also Read: List of Diploma Courses after 12th
Eligibility Criteria for Diploma in Accounting and Finance
Students interested in pursuing a Diploma in Accounting and Finance should be aware of the eligibility requirements and all route information. Students must have a 10+2 with a total aggregate of 55% to be eligible for the programme. Mathematics is a compulsory subject required for admission. Furthermore, many faculties and universities use this entrance exam to qualify students for publication. There is no upper age limit.
How To Get Admission for Diploma in Accounting and Finance?
Admission to the course is available via an entrance examination and a merit-based selection process. Many universities offer direct or competitive admission to Diploma in Accounting and Finance programmes.
Candidates applying for a diploma should have resulted from the respective entrance examinations and school examinations required by the colleges they have chosen.
Though the admissions process varies by university, the general steps to gain admission are as follows.
How to Apply?
Diploma in Accounting and Finance programmes are available online via the college website or in person at the admissions office. Furthermore, some faculties may conduct interviews before admissions to determine whether or not students have appropriate conversation abilities.
Selection Process
The selection process for a Diploma in Accounting and Finance in India is generally the same regardless of university. In general, after receiving an application for the course, faculties make their final decision on the applicants based entirely on their overall performance in the preliminary exams. Furthermore, the applicants' overall performance in the school examination and the entrance exam is significant.
Who Should Pursue a Diploma in Accounting and Finance?
The course is intended for students interested in a career in the Accounting and Finance sector. Candidates can pursue careers in various fields, including Certified Public Accountant, Bookkeeper clerk, and Billing clerk depending on the nature and scope of the course.
When to do a Diploma in Accounting and Finance?
Typically, Diploma in Accounting and Finance candidates should apply for their respective courses after completing their 10+2 school graduation.
Types of Diploma in Accounting and Finance
Aspirants can pursue the Diploma in Accounting and Finance course in a full-time or part-time course. There may be discrepancies regarding distance, so one may inquire with the university if Diploma in Accounting and Finance is offered as a distance course.
Full-Time Diploma in Accounting and Finance
A one-year full-time Diploma in Accounting and Finance is typical. Students are required to attend classes, submit assignments, and take exams on campus. Students gain more exposure, experience, and knowledge by interacting directly with colleagues and faculty when enrolled in a full-time Diploma in Accounting and Finance course.
Part-Time Diploma in Accounting and Finance
Part-time degrees allow students to complete their degree programmes on their own time. Many colleges offer diplomas in accounting and finance as part-time courses.
Distance Diploma in Accounting and Finance
Distance Education colleges allow students to earn their degrees while working. This is frequently the most adaptable type of degree programme. A Diploma in Accounting and Finance is available at IGNOU.
Diploma in Accounting and Finance in IGNOU
IGNOU offers a Diploma in Accounting and Finance for a minimum of 1 year and a maximum of 8 years. To be eligible for the course, one must have completed 10+2 or the same qualification from any recognized institution or 10th standard with three years of experience in Panchayati Raj Institutions and NGOs performing at grassroots levels with Panchayati Raj Institutions.
Popular Entrance Exams for Diploma in Accounting and Finance
Some universities use entrance exams to screen students and determine who will enrol in a course. Many well-known universities have built their reputations through internationally recognized research projects. Because the number of available spots exceeds the demand for admission, these universities frequently hold entrance exams. The following are some of the most popular exams.
- AP DEECET
- GATA
- MP-VYAPAM DAHET
A Quick Glance at the Diploma in Accounting and Finance Entrance Exams
Students can learn more about the Diploma in Accounting and Finance course by visiting the college's official website to which they wish to apply. The college's approach to the entrance exam is heavily influenced by specialization. Some general guidelines for Diploma in Accounting and Finance entrance examinations are listed below:
- The exam pattern includes English, General knowledge, and specialization-specific questions.
- The papers are objective and consist of multiple-choice questions.
- A university's/conducting body's syllabus mode of examination and question pattern may change.
Study Diploma in Accounting and Finance in India
India is home to some of the world's top Diploma in Accounting and Finance schools. Aspirants can choose the best courses based on their preferences. Candidates must make an informed decision based on the type of Diploma in Accounting and Finance programmes available. The following are some of India's top colleges that offer the programmes:
Top 10 Diploma in Accounting and Finance colleges in India
Below is the list of the 10 best Diploma in Accounting and Finance colleges in the country:
| Sl.No. | Name of the College |
| 1 | GD Goenka Academy, Gurgaon |
| 2 | IIMT Group of Colleges, Greater Noida |
| 3 | Arcade Business College, Pune |
| 4 | Maharaja Sayajirao University, Barodra |
| 5 | NIIT, Rohtak |
| 6 | Madhya Pradesh Bhoj Open University, Bhopal |
| 7 | Amity University, Noida |
| 8 | AKB Institute of Finance and Management, Faridabad |
| 9 | Pondicherry University, Pondicherry |
| 10 | Shri Bhausaheb Vartak Arts, Commerce and Science College, Mumbai |
Top Diploma in Accounting and Finance Colleges in New Delhi
India’s capital city is home to some of India's best institutions for a Diploma in Accounting and Finance. Check the table below for the top Diploma in Accounting and Finance colleges in New Delhi:
| Sl.No. | Institution |
| 1 | IGNOU |
| 2 | Indian Institute of Finance |
| 3 | AKB Institute of Finance and Management |
| 4 | Amity University |
| 5 | Accounting and Finance Development Institute |
Top Diploma in Accounting and Finance Colleges in Pune
Pune also has some of India's best institutions for a Diploma in Accounting and Finance. Check the table below for the top Diploma in Accounting and Finance colleges in Pune:
| Sl.No. | Institution |
| 1 | SCDL |
| 2 | UNIPUNE |
| 3 | Indira College of Commerce and Science |
| 4 | Global Information and Technologies |
| 5 | Nilaya ICats Institute of Commerce |
Top Diploma in Accounting and Finance Colleges in Chennai
Tamil Nadu’s capital city is home to some of the premier institutions for Diploma in Accounting and Finance in India. Check the table below for the best Diploma in Accounting and Finance colleges in Chennai:
| Sl.No. | Institution |
| 1 | University of Madras |
| 2 | WLC College |
| 3 | Amity University |
| 4 | AimFill International |
Top Diploma in Accounting and Finance Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top Diploma in Accounting and Finance. Check the table below for the best Diploma in Accounting and Finance colleges in India:
| Sl.No | Institution |
| 1 | Indian School of Business Accounting and Finance |
| 2 | WLC College |
| 3 | Corperena Academy of Accounting and Finance |
| 4 | AimFill International |
| 5 | Amity University |
Top Diploma in Accounting and Finance Colleges in Kolkata
West Bengal’s capital city, Kolkata, has some of India's best colleges for Diploma in Accounting and Finance courses. Check the table below for the best Diploma in Accounting and Finance colleges in Kolkata:
| Sl.No. | Institution |
| 1 | St. Xaviers College |
| 2 | WLC College |
| 3 | Vision Institute of Professional Studies |
| 4 | The George Telegraph Training Institute |
| 5 | The Institute of Cost Accountants of India |
Top Diploma in Accounting and Finance Colleges in Hyderabad
The Telangana state capital has some premier institutions for Diploma in Accounting and Finance courses in India. Check the table below for the top Diploma in Accounting and Finance colleges in Hyderabad:
| Sl.No. | Institution |
| 1 | Osmania University |
| 2 | AimFill International |
| 3 | Amity University |
Top Diploma in Accounting and Finance Government Colleges
There are several top Government Colleges offering quality Diplomas in Accounting and Finance across the country. Check the table below for the top Diploma in Accounting and Finance government colleges in India:
| Sl.No. | Institution |
| 1 | University of Rajasthan, Rajasthan |
| 2 | University of Madras. Chennai |
| 3 | UNIPUNE, Pune |
| 4 | Gujarat University, Gujarat |
| 5 | Madhya Pradesh Bhij Open University, Madhya Pradesh |
Top Diploma in Accounting and Finance Private Colleges
India has seen significant growth in the number of quality Diploma in Accounting and Finance private colleges that offer some of the best programmes in the country. Check the table below for the top private colleges in India:
| Sl.No | Institution |
| 1 | Dr. C.V. Raman University, Bilaspur |
| 2 | Amity University, Noida |
| 3 | Indian School of Business Accounting and Finance, Bangalore |
| 4 | WLC College, Bangalore |
| 5 | Vision Institute of Professional Studies, Kolkata |
Study Diploma in Accounting and Finance Abroad
If they can afford it, students can study for a Diploma in Accounting and Finance course abroad. Because of its diversity, a Diploma in Accounting and Finance is one of the best courses to study abroad. The following are some of the top Diploma in Accounting and Finance colleges globally, along with their fees and facilities.
Top Diploma in Accounting and Finance Colleges Abroad
The table below contains the list of some of the best colleges abroad for Diploma in Accounting and Finance :
| The Institutions | Fees |
| Humber College, Canada | CAD 25,527.30 |
| McGill University, Canada | CAD 19,394.12 |
| Centennial College, Canada | CAD 24,366.97 |
| University of Melbourne, Australia | AUD 21,477.42 |
| McMaster University, Canada | CAD 2,817.95 |
| University of Windsor, Canada | CAD 25,693.06 |
| University of Sydney, Australia | AUD 24,520.05 |
| RMIT University, Australia | AUD 19,508.66 |
| Curtin University Australia | AUD 1,4497.26 |
| University of Adelaide, Australia | AUD 44,386.67 |
Top Diploma in Accounting and Finance Colleges in the USA
The United States is home to some of the best universities and colleges globally, offering a world-class Diploma in Accounting and Finance. The table below contains a list of the top Diploma in Accounting and Finance schools in the United States:
| Sl.No. | Institution |
| 1 | Northeastern University |
| 2 | Missouri State University |
| 3 | University of Tampa |
| 4 | Illinois State University |
| 5 | Adelphi University |
Top Diploma in Accounting and Finance Colleges in the UK
The UK is host to some of the best colleges offering a Diploma in Accounting and Finance. The table below lists the top Diploma in Accounting and Finance colleges in the United Kingdom:
| Sl.No. | Institution |
| 1 | London School of Economics and Political Science |
| 2 | University of Leeds |
| 3 | University of Sussex |
| 4 | Manchester University |
| 5 | University of Brighton |
Top Diploma in Accounting and Finance Colleges in Canada
Canada, also known as the "Great White North," is one of the most sought-after destinations in the world for Diploma in Accounting and Finance programmes:
| Sl.No. | Institution |
| 1 | Humber College |
| 2 | McGill University |
| 3 | Centennial College |
| 4 | McMaster University |
| 5 | University of Windsor |
Top Diploma in Accounting and Finance Colleges in New Zealand
New Zealand has emerged as one of the top destinations for higher education for many students. The following are the top Diploma in Accounting and Finance colleges in New Zealand:
| Sl.No. | Institution |
| 1 | University of Sydney |
| 2 | RMIT University |
| 3 | Curtin University |
| 4 | University of Adelaide |
| 5 | University of Melbourne |
Fee Structure for Diploma in Accounting and Finance
The Diploma in Accounting and Finance course fee is not fixed and depends on many factors. Some of the factors which affect the Diploma in Accounting and Finance fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average Diploma in Accounting and Finance course fee in India is around INR 10,000 - 1 LPA.
| Sl.No. | Name of the College | Total Fee Structure |
| 1. | GD Goenka Academy, Gurgaon | INR 70,000 PA |
| 2. | IIMT Group of Colleges, Greater Noida | INR 21,000 PA |
| 3. | Shri Bhausaheb Vartak Arts, Commerce and Science College, Mumbai | INR 34,540 PA |
| 4. | The Maharaja Sayajirao University of Barodra, Barodra | INR 13,160 PA |
| 5. | NIIT, Rohtak | INR 42,000 PA |
Syllabus and Subjects for Diploma in Accounting and Finance
The course syllabi for some of the most popular Diploma in Accounting and Finance courses are listed below. The core of the syllabus is followed by most colleges across the country, with minor variations observed at a few colleges. The following are some of the subjects that students can study:
- Advance Accounting
- Income Tax
- Specialised Areas in Accounting
- Business Tax Assessment & Planning
- Advanced Auditing
- Capital Market
- Recent Advances in Accounting and Finance
- Commercial and Industrial Law
Read More: Diploma in Accounting and Finance Syllabus and Subjects
Why Choose Diploma in Accounting and Finance?
When students decide to pursue the Diploma in Accounting and Finance qualification, they should research the Diploma in Accounting and Finance course details to ensure they know the course they are enrolled in. Students encounter some of the common queries: "What is Diploma in Accounting and Finance ?" and "Why Diploma in Accounting and Finance ?". To understand the answer to these questions, we can make it simpler by breaking it down into the following short questions:
What is Diploma in Accounting and Finance All About?
The diploma in Accounting and Finance course focuses on the structure of Accounting and Finance, capital markets, and commerce law. The course is organised around corporate finance and basic accounting.
What Does a Diploma in Accounting and Finance Graduate Do?
Students can select courses based on their interest in the available job opportunities in their field. Graduates with Diploma in Accounting and Finance have a diverse set of skills and can work in various fields. Furthermore, graduates in this role must assume a wide range of responsibilities, making the positions highly dynamic and diverse.
Cashier: Cashiers are in charge of processing and receiving payments in retail stores.
Reasons Why Diploma in Accounting and Finance Can Fetch You a Rewarding Career?
A Diploma in Accounting and Finance is an exciting and thought-provoking field of study. Students can recognise the intrinsic value of the courses because they provide the most job opportunities across all disciplines. As a result, the scope of a Diploma in Accounting and Finance work is ever-expanding and intriguing.
Diversity in Job Roles: Graduates of this course will be able to choose from a wide range of job opportunities. Because the course available to students is so diverse, they can pursue a wide range of roles in their careers.
Read More: Diploma in Accounting and Finance Jobs & Scope
Diploma in Accounting and Finance Course Comparison
A Diploma in Accounting and Finance is typically catered to students interested in and inclined toward finance and business. Below is a comparison of the Diploma in Accounting and Finance course with other courses:
Diploma in Accounting and Finance vs B.Com
The table below showcases the differences between the Diploma in Accounting and Finance and B.Com:
| Course | Diploma in Accounting and Finance | B.Com |
| Full-Form | Diploma in Accounting and Finance | Bachelor of Commerce |
| Stream | Science | Science |
| Course Duration | 1 Years | 3 Years |
| Eligibility | A minimum of 50% with Maths as compulsory in 10+2 | A minimum of 50% with Maths and English in 10+2 |
| Entrance Exams | GATA, MP-VYAPAM DAHET, AP-DEECET | IPU CET, BHU UET, Jain University JET |
| Top Colleges | GD Goenka Academy, IIMT Group of Colleges, Shri Bhausaheb Vartak Arts, Commerce And Science College, The Maharaja Sayajirao University of Baroda. | Loyola College, St.Xaviers’ college, St. Josephs’s College, Madras Christian College, Hindu College. |
| Fees | INR 10,000 - 5 LPA | INR 10,000 - 1 LPA |
Read More: B.Com
Preparation Tips for Diploma in Accounting and Finance
Students must consider several factors when deciding whether to pursue a Diploma in Accounting and Finance. The following are some important preparation tips to help students complete the course and pass the exam.
Improve Vocabulary: Improving vocabulary is critical because the Diploma in Accounting and Finance course includes a lot of writing and reading. As a result, having excellent communication and writing skills is advantageous for students pursuing a diploma.
More Reading and Practice: It is critical to keep up with the syllabus on a daily basis. More practice and reading will help the student understand the syllabus and perform well in the exams.
Have In-depth Knowledge and Interest in Subjects: Having intrinsic knowledge and interest in the subject will keep the student motivated to learn more than what is on the syllabus.
Methodically Revise: Revising on a regular basis can help you score well on the final exam. Continue to revise on a regular basis until you have a thorough understanding of the subject. Revision is essential for achieving high grades.
Salary of a Diploma in Accounting and Finance Graduate
Graduates' salaries will differ depending on the discipline chosen by the applicant. Diploma in Accounting and Finance salaries in India can be influenced by factors such as experience, geography, and the industry in which they work.
Internships assist graduates in earning more money by broadening their experience. The average salary for a Diploma in Accounting and Finance job for graduates is around INR 2- 6 LPA. [PayScale].
Read More: Diploma in Accounting and Finance Salary
Career Options After Diploma in Accounting and Finance Graduation
There are numerous job opportunities for students interested in a career in the corporate and finance industry. Diploma in Accounting and Finance jobs will be determined by the area of expertise you choose when earning your degree. Diploma in Accounting and Finance graduates will find a plethora of job opportunities with competitive pay packages in the following fields:
- Banking Sector
- Corporate Finance
- Credit Administration
- Educational Institutes
- Auditing Departments
Skills That Make You The Best Diploma in Accounting and Finance Graduate
Diploma in Accounting and Finance graduates must have a wide range of complex and interpersonal skills in order to advance in their careers. These are not always skills that students can learn in school. These are skills that can only be acquired through practice. As a result, students should always try to step outside of their comfort zone and gain as much experience as possible. These abilities are as follows:
- Quantitative Analysis Skills
- Research Skills
- Analytical Skills
- The Ability to Work Under Pressure
- Interpersonal Skills
