Accountancy Courses after 12th: Popular Courses, Syllabus, Scope

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Have charts and numerals always caught your interest or have you always been intrigued by the inner workings of the financial and taxation world? Look no further, this blog will provide you with all the information you need to know about the accountancy courses after your 12th and if accountancy is a good career that you can pursue! The world of accountancy will give you the knowledge and understanding that you can help people out with everything related to the financial aspect of life. 

Field Name Accountancy
Level Undergraduate and Postgraduate
Eligibility High school in Commerce
Job Opportunities Accountant, Auditor, Investment Banker, Financial Analyst

Must Read: What is Financial Literacy for Students?

What is Accountancy? 

The systematic process of recording, classifying, summarising and reporting financial information pertaining to an individual or a company is known as Accountancy or accounting. It includes the preparation of financial records, through analysis, verification and reporting of financial records in accordance with the procedures and principles of accounting. Feedback to the management of a business in regard to finances is given by the accountancy team and in turn, that feedback is essential for cost planning, decision making and to guage the economic performance of the business. 

Also Read: CBSE Accountancy Class 12 

Who is an Accountant?

An Accountant is a trained professional in the field of accountancy who is accountable for handling financial records, readying financial statements, and moreover guaranteeing compliance with the applicable regulations and laws. Accountants play a very crucial role in assisting businesses and organisations to keep exact and transparent financial records. 

Here are some key aspects of the role of an accountant:

  • Record Keeping: Accountants are involved in recording financial transactions which includes purchases, sales, and expenses while using the principles of standardised accounting.
  • Financial Reporting: They prepare financial statements such as income statements, balance sheets, and cash flow statements which further give a summary of the financial health of an individual, business, or organisation.
  • Taxation: Accountants aid in handling tax-related concerns and ensure that entities comply with tax regulations and laws while optimising their tax positions.
  • Auditing: Some accountants who work in auditing review and analyse financial statements to guarantee accuracy, lawfulness, and compliance with accounting standards.
  • Budgeting and Planning: Accountants are frequently involved in budgeting and financial planning which help organisations to set financial objectives and distribute resources effectively.
  • Advisory Services: Accountants may also offer financial advice to individuals, businesses, or organisations which helps them to make informed judgments based on their financial data.

Also Read: Cost and Management Accounting

Why Should You Apply for an Accountancy Course after your 12th in 2023?

Here are reasons why you should pursue an accountancy course after your 12th:

  1. Career Opportunities: Accounting is a field with a high and fast hiring rate moreover there is always a demand for accountants in various industries and sectors.
  2. Practical Skills: Accounting courses emphasise developing practical skills which can be applied in many areas of your life, like financial report analysis, investment, international finance, and banking.
  3. Job Security: Accounting is a secure and stable career choice because businesses and organisations will always need accountants to handle their financial accounts and records.
  4. High Earning Potential: Accountants earn a good salary and there are numerous prospects for progress and career growth.
  5. Broad field of Education: Accounting is a broad field as there are multiple diverse areas of specialisation for you to choose from, such as accounting software, compliance management, and forensic accounting.
  6. Enjoyable Study Experience: If you enjoy working with numbers and have a strong mathematical aptitude, you may find accounting to be an enjoyable field of study.

Must Read: Accounting for Not-for-Profit Organisation

These are the popular accountancy courses after 12th: 

Bachelors

Bachelor of Commerce in Accounting

Bachelor of Commerce and Science in Accounting 

Bachelor of Professional Accounting

Bachelor of Arts and Commerce in Accounting

Bachelor of Arts in Financial Management and Accounting

Bachelor of Science in Accounting and Finance (Honours)

Bachelor of Science in Accounting and Management

Bachelor of Business in Accounting

Also Read: Diploma in Financial Accounting

Masters

Master of Accounting 

Master of Business in Accounting

Master of Professional Accounting

Master of Commerce in Accounting

Master of Commerce in Professional Accounting

Master of Science in Accounting and Finance

Master of Science in Accounting and Financial Management

Master of Science in Accounting, Finance and Management

Master of Science in International Accounting and Finance

Also Read: A Career in Environmental Accounting

Top Colleges for Accountancy Courses Abroad

These are the top colleges for Accountancy Courses abroad: 

Institute QS World University Ranking  Courses Offered
The University of New South Wales,Australia  45 Bachelor of Commerce in AccountingMaster of Commerce in AccountingMaster of Professional Accounting
The University of Queensland,Australia 50 Bachelor of Commerce in AccountingMaster of Commerce in Professional Accounting
Australian National University,Australia 30 Bachelor of Commerce in AccountingMaster of Accounting 
University of Birmingham,UK 91 Bachelor of Science in Accounting and Finance (Honours)
The University of Auckland,New Zealand 87 Bachelor of Commerce in AccountingMaster of Professional Accounting
Macquarie University,Australia 195 Bachelor of Professional Accounting
The University of Otago,New Zealand 217 Bachelor of Commerce in AccountingBachelor of Arts and Commerce in AccountingBachelor of Commerce and Science in Accounting 
Queensland University of Technology,Australia 222 Bachelor of Business in Accounting
Auckland University of Technology,New Zealand 486 Bachelor of Business in AccountingMaster of Business in AccountingMaster of Professional Accounting
University of Kent,UK 375 Bachelor of Science in Accounting and Finance 
Queen Mary University of London,UK 125 Bachelor of Science in Accountancy (Honours)Bachelor of Science in Accounting and ManagementMaster of Science in Accounting and Finance
University of Bristol,UK 61 Bachelor of Science in Accounting and Finance Master of Science in Accounting, Finance and Management
University of Reading,UK 229 Bachelor of Science in Accounting and Finance (Honours)
Coventry University,UK 651-700 Bachelor of Arts in Financial Management and AccountingBachelor of Science in Accounting and Finance (Honours)
University of Exeter,UK 163 Bachelor of Science in Accounting and FinanceMaster of Science in Accounting and Finance
Durham University,UK 92 Bachelor of Science in Accounting
Lancaster University,UK 146 Bachelor of Science in Accounting and FinanceMaster of Science in Accounting and Financial Management
University of Nottingham,UK 114 Master of Science in Accounting and Finance
Cardiff University,UK 166 Master of Science in Accounting and Finance
University of York,UK 162 Master of Science in Accounting and FinanceMaster of Science in Accounting and Management
Dublin Business School,Ireland NA Master of Science in International Accounting and Finance

Also Read: PhD in Accounting

Admission Process

As there are numerous courses available, the application process would depend on factors like the university, country and the course you will apply to. However, your academic transcripts, letter/s of recommendation, and an English language proficiency test like TOEFL, IELTS, etc. will be necessary. 

Eligibility

Accountancy consists of more theoretical experiences and each course has numerous criteria. Here is a general overview of the requirements you would need to fulfill. 

  • Completion of your High school education in Commerce. 
  • A proof of your English Language proficiency through examinations like TOEFL or IELTS.
  • Pertaining to the university, you would need to appear for specific Entrance Examinations or Aptitude Tests. 

Must Read: All You Need to Know About the TOEFL Exam 2023

Documents Required

Event Management Course Syllabus

The syllabus would vary from university to university and the course that you opt for. Here is a brief syllabus for a BSc in Accounting and Finance from the University of Birmingham, UK:

First Year

  • Decision-Making and Control
  • Financial Accounting and Accountability
  • Academic Skills A
  • Critical Thinking A
  • Widening Accounting Horizons A
  • Widening Accounting Horizons B
  • Principles of Economics and Finance 
  • Economics for Business

You must also take one of the following (depending on whether you have A Level Mathematics):

  • Numeracy, Statistical Analysis and Financial Literacy A
  • Numeracy, Statistical Analysis and Financial Literacy B

Second Year

  • Corporate Finance
  • Financial Reporting
  • Management Accounting

Optional modules

Need to take one of the following pathways dependent on prior your qualifications:

-Professional Accounting pathway

You can choose this pathway in order to maximise professional exemptions.

  • Audit
  • Business Law
  • Taxation: Principles and Planning

-Finance pathway

The Finance pathway is only an option if you have A A-level mathematics or equivalent.

  • Econometrics
  • Financial Markets and Institutions
  • Security Analysis and Valuation

-Future Leaders pathway

You would need to take the below modules plus one further module from the Professional Accounting pathway or the Finance Pathway.

  • Business, Economy and Government
  • Responsible Business: Theory and Practice

Third Year

  • Advanced Corporate Finance
  • Advanced Financial Accounting Practice and Theory
  • Accounting and Finance Research Project

If you are on the Future Leaders Pathway you must also take the Fundamentals of Leadership module.

Optional modules

You will also choose either 20 or 40 credits of optional modules depending upon the pathway you have chosen. All modules below are worth 20 credits each.

  • Advanced Management Accounting and Control
  • Business Analytics
  • Comparative and International Taxation
  • Financial Statement Analysis
  • Professional Development
  • Public Sector Accounting and Governance
  • Social and Environmental Accounting
  • Foreign Exchange and International Finance
  • Special Topics in Finance

Job Opportunities 

There are numerous opportunities that will unfurl after your completion of an Accountancy course after the 12th. Here is a list of some of them:

Chartered Accountant  Investment Banker 
Auditor  Financial Analyst
Management Accountant Public Accountant 
Tax Accountant Forensic Accountant
International Accountant Accounting Professor 

Also Read: How to Become a Professor 

Top Recruiters

Here are some of the top industry recruiters after your Accountancy Courses after 12th: 

  • Big Four Accounting Firms
  • Banking and Financial Services
  • Corporate Sector
  • Consulting Firms
  • Government Agencies
  • Technology Companies
  • Insurance Companies
  • Manufacturing Companies
  • Retail Companies
  • Public Accounting Firms
The Big 4’s of the Accounting World | Leverage Edu #shorts

FAQs

Can a 12th pass become an accountant?

Yes, a graduate of 12th can become an accountant if you have passed your 12th with Commerce. Commerce already has a background of accountancy and thus it will be easier for you to become an accountant. 

Which course is best for an accountant?

There are various courses that are best for an accountant after 12th, such as an undergraduate course in Accountancy or Finance and thereafter a postgraduate course in accounting.

Is maths compulsory for CA?

Maths may not be a compulsory subject for CA, but it will make your life and career much smoother if you also come from a maths background. 

Is accounting a hard course?

Accounting is a hard course but its benefits are fruitful and beneficial in nature, for yourself and the ones around you.  

Is BA good for accounting?

Yes, a BA is good for accounting as it will also include various fields that you can dive into after your undergraduate degree. 

Lastly, I hope that you have found the necessary information that you have been looking for related to Accountancy Courses after 12th. If this blog is helpful and you want to begin your journey, you can contact us at Leverage Edu and our mentors would be happy to guide you through the process and also help you understand the field of your choosing. 

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