Diploma in Accounting and Finance: Syllabus, Courses, Scope, Fees, Online, Distance, Salary

Mohit Dhulia
Updated on December 29, 2023

Diploma in Accounting and Finance is a one-year diploma programme for students who have completed their 10+2 exams and have Mathematics as one of their required subjects. A candidate who completes this course will receive a diploma in Accounting and Finance. Rather than being an academic course, it is more of a professional one.

Students who have completed their 10+2 examinations from an Indian government-approved school are eligible to register for this programme. Most institutions require a minimum of 50% in order to be considered.

Key Highlights of Diploma in Accounting and Finance

Full-Form: Diploma in Accounting and Finance.
Duration: 1 year.
Minimum Eligibility: 10+2 with Mathematics.
Admission Process: Based on both Merit and Entrance Exam.
Top Colleges: Amity University, Pondicherry University, Maharaja Sayajirao University of Baroda, GD Goenka University, etc.
Average Course Fees: INR 10,000 – 5,00,000.
Job Positions: Book-Keeping Clerk, Billing Clerk, Tax Accountant, Financial Advisors, Financial Assistant & Accountant, Business Consultant, Chief Financial Officer, Certified Public Accountant, Finance Managers, etc.
Average Starting Salary Package: INR 3,00,000 – 6,00,000.
Higher Study Options: BCom, BBA

Admission to this programme is primarily based on merit, however, several elite universities also hold their own entrance exam for Diploma in Accounting and Finance students.

Fundamentals of Accounts and Finance, Indian Banking System, Use of Technology in Accountancy and Finance, Accounting and Audit Practice, and other disciplines are covered in the Diploma in Accounting and Finance.

The top 5 colleges in India that offer Diploma in Accounting and Finance courses, along with their average fees, are listed below.

NIRF University Ranking 2020	College	Admission Process	Annual Average Fees	Average Placement Package
37	Amity University, Noida	Entrance Based	INR 1,20,000	INR 3,50,000
58	Pondicherry University, Pondicherry	Entrance Based	INR 26,000	INR 2,50,000
151-200	Maharaja Sayajirao University of Baroda, Vadodara	Merit Based	INR 13,160	INR 2,50,000
NP	GD Goenka University, Gurugram	Goenka Aptitude Test (GATA)	INR 70,000	INR 3,50,000
NP	NIIT, Rohtak	Entrance Based	INR 42,000	INR 5,45,000

Depending on the institute offering this programme, the average annual fees for a Diploma in Accounting and Finance range from INR 10,000 to INR 5,00,000.

Diploma in Accounting and Finance graduates can work as Bookkeepers, Billing Clerks, Tax Accountants, Financial Advisors, Financial Assistants & Accountants, Business Consultants, Chief Financial Officers, Certified Public Accountants, and Finance Managers, among other positions.

Students with this degree can expect to earn between INR 3,00,000 and INR 6,00,000. They are hired by top recruiting firms such as market research firms, public accounting firms, corporations, consulting firms, research organisations, and accounting firms, among others.

Candidates might pursue degree programmes such as BCom, BBA, and others after completing this course. They can also take vital certification courses such as ACCA, CPA, and others.

Diploma in Accounting and Finance Course Highlights

The Diploma in Accounting and Finance has a number of distinguishing traits; here are a few of them:

Course Level	Graduate
Duration	1 year
Examination Type	Both Annual and Semester
Eligibility	10+2 or equivalent examination
Admission Process	Merit-based/Entrance Exam
Course Fee	INR 10,000 – 5,00,000
Average Salary	INR 3,00,000 – 6,00,000
Top Recruiting Sectors	Market Research Firms, Public Accounting Firms, Corporations, Consultancy Services, Research Organisations, Accountancy Firms, etc.

Diploma in Accounting and Finance: What is it About?

The study of everything connected to financial systems and accounting procedures is covered in the Diploma in Accounting and Finance. Here’s what an Accounting and Finance Diploma entails.

The Diploma in Accounting and Finance is a one-year short-term diploma course in accounting and finance.
It’s for those who want to study accounting and finance after finishing their 10+2 or comparable exams.
This course is designed to provide both practical and theoretical knowledge in the topic of study.
The course sets the groundwork for disciplines connected to banking and finance at a fundamental level, allowing students to gain a thorough understanding of the subject in general.
The major purpose of this course is to quickly prepare students for various job situations.
The Diploma in Accounting and Finance programme educates students on a variety of accounting and financial management policies.
It teaches them how to utilise accounting software in the workplace and how to use various financial services.

Why Study Diploma in Accounting and Finance?

Some of the advantages of pursuing a Diploma in Accounting and Finance are listed below.

Due to the recent growth of the finance and banking sectors in India, students are opting for the Diploma in Accounting and Finance as their post-high school studies to have a better start in their future jobs.
This diploma programme provides students with both practical and theoretical knowledge in their chosen field of study, preparing them to be employed.
This course prepares students for accounting and financial management rules and assists them in developing the abilities required in the commercial sector.
It also aids students in their understanding of how to use financial services and accounting software in the workplace.
After completing their Diploma in Accounting and Finance, a candidate can pursue other degrees such as B.Com, M.Com, and so on. This could be an added benefit.

What is the Admission Process for Diploma in Accounting and Finance?

The admissions process for the Diploma in Accounting and Finance programme is primarily based on 10+2 grades. Some of the most crucial aspects of this course’s admittance are addressed here.

In general, there is no such thing as a common entrance exam for this subject. Different colleges, on the other hand, may organise their own entrance exams.
For additional information on how to enrol in the course, go to the college’s website or pay a visit to the college’s campus.
Most of the time, if you pass the cutoff, you will be invited for an interview. Some colleges do not require an interview for admission.
Shortly after application forms are submitted, merit lists are announced.
Some colleges require students to take a broad aptitude test before admitting them.
A group discussion and an interview with college administrators may be part of the General Aptitude Test.
In the case of entrance tests, students who score above the cutoff will be invited to an interview.
If the student is chosen, he or she will be directed to the designated college for submission.

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What is the Eligibility Criteria for Diploma in Accounting and Finance?

Candidates for the Diploma in Accounting and Finance programme must meet certain minimum qualifying requirements, some of which are listed below.

To be considered for the Diploma in Accounting and Finance programme, a candidate must have completed their 10+2 or any other comparable examination from a recognised educational institution.
In order to be eligible for this course, they must have Mathematics as one of their compulsory courses on their high school qualifying exams.
The minimum percentage of marks necessary for admission varies by college.

Is There Any Entrance Exam for Diploma in Accounting and Finance?

There is no such common entrance exam performed for the admission of a candidate because the admission process for this particular degree of Diploma in Accounting and Finance is mostly merit-based. Aptitude examinations are administered at some colleges.

The following sections address certain university-based entrance tests for this subject.

GATA stands for Goenka Aptitude Test for Admission. It is the GD Goenka University’s entrance exam for admission to both graduate and undergraduate programmes.
MP-VYAPAM-DAHET – The MP Vyapam Animal Husbandry Entrance Exam is a test for admission to governmental institutions’ diploma programmes.
Andhra Pradesh’s DEECET a certificate in elementary education Students who want to pursue a diploma in education at a government institute in Andhra Pradesh must take the Common Entrance Test.

Name of Exam	Application Period	Exam Dates	Exam Modes
GATA 2022	To be announced	To be announced	offline
MP-VYAPAM DAHET 2022	To be announced	To be announced	online
AP-DEECET 2022	To be announced	To be announced	online

How can We Prepare for a Diploma in Accounting and Finance Entrance Exams?

Analytical and Logical Reasoning, Mathematics, English Language, General Knowledge, and Scientific Knowledge would be included in the entrance exams for the Diploma in Accounting and Finance.

The following are some of the most crucial preparatory suggestions.

These topics should be thoroughly studied prior to the exam.
It’s best to go over all of the issues thoroughly.
To assess your progress and prepare for the actual exam, try practising by tackling previous year’s exams and mock examinations.
Solving as many papers as possible will help you improve your speed and accuracy.
Finish your preparations ahead of time so you have adequate time to revise the information.
The most important thing is to stay calm but resolute when completing your preparations and taking the exam.

Types of questions asked for Diploma in Accounting and Finance Entrance Exams?

To succeed in the Diploma in Accounting and Finance Entrance Exams, you must have a thorough understanding of the kind of questions that will be asked. Below, we’ll go over some key elements about different types of queries.

Typically, the questions posed are meant to assess the candidates’ abilities.
The majority of the questions concern thinking, general knowledge, English, quantitative skills, and so on.
The quantitative part of several entrance tests is heavily weighted. As a result, it’s best to get a lot of math practise.
Each admission exam may have different portions.
Typically, the questions are multiple-choice. There may be items on some tests that demand written responses.

Points to remember while attempting Diploma in Accounting and Finance exam

Below are some fast recommendations for passing the Diploma in Accounting and Finance Entrance Exams.

At the end of the test, try to solve the numerical problems. It could help you save time.
When answering questions, try to be as quick and efficient as possible.
No question should be left unanswered.
Maintain your concentrate and be cool while answering all of the questions.
Before you attempt to answer the questions, read them thoroughly. This will be very handy when taking MCQs.

How to get admission to a top Diploma in Accounting and Finance College?

Good grades and a strong performance in the interview are required for admission to top Diploma in Finance and Accounting Colleges. The following are some strategies for getting into good colleges.

To be admitted to the Diploma in Accounting and Finance programme, students must achieve high grades in their 10+2 or equivalent test. This is due to the fact that admission is mostly based on merit, and there is no such entrance exam.
For the selection process, colleges preserve their respective cutoff marks. The majority of the time, it is above 60%.
Mathematics must also be one of the compulsory subjects in the students’ 10+2 level or equivalent exams.
If the college to which the application is being made is having an entrance exam, students must pass it in order to be admitted to this course.
The majority of colleges feature online application forms on their own websites. Ascertain that the site’s application form is completed on time.
Keep track of the college admissions process for which you have applied for admission.

Which are the Top Colleges for Diploma in Accounting and Finance?

The names of some of the best universities are mentioned here, along with their locations and average annual fees.

Name of Institute	City	Average Fees	Average Salary Package
GD Goenka Academy	Gurgaon	INR 70,000	INR 3,50,000
IIMT Group of Colleges	Greater Noida	INR 21,000	INR 3,50,000
Shri Bhausaheb Vartak Arts, Commerce And Science College	Mumbai	INR 34,540	INR 3,00,000
The Maharaja Sayajirao University of Baroda	Vadodara	INR 13,160	INR 2,50,000
NIIT	Rohtak	INR 42,000	INR 5,45,000
Madhya Pradesh Bhoj Open University	Bhopal	INR 5,040	INR 2,50,000
Amity University	Noida	INR 1,20,000	INR 3,50,000
AKB Institute of Finance and Management	Faridabad	INR 20,000	INR 3,00,000
Pondicherry University	Pondicherry	INR 26,000

Diploma in Accounting and Finance College Comparison

A comparison of the top universities that offer a Diploma in Accounting and Finance can be found here:

Parameters	GD Goenka Academy	IIMT Group of Colleges	Maharaja Sayajirao University of Baroda
Overview	GD Goenka University is one of the top-ranked private universities in Delhi. The institute was established in 2013. It is approved by UGC, NCTE, COA, PCI and BCI. The university offers various Diploma, PG, UG, Integrated and Doctoral Programs in multiple disciplines.	It is one of the best colleges in UP. It was established in 1998. The college is approved by PCI and BCI. It offers various UG, PG and Diploma courses across various fields like Engineering, Polytechnic, Business Administration, Pharmacy, Law, Mass Comm., Computer Applications, Commerce.	This University is accredited by NAAC with an A grade. It offers 78 PG, 76 PhD, 34 PG Diploma and 88 UG courses across 347 programs in 92 subjects like Arts, Commerce, Education & Psychology, Family & Community Science, Fine Arts, Journalism & Communication, Law, Management Studies, Medicine, Performing Arts, Social Work, Technology & Engineering, Pharmaceutical Studies etc.
Rank	120 (Outlook 2019)	90 (The WEEK 2019)	151-200 (NIRF 2020)
Admission process	Entrance- exam based	Merit-based	Merit-based
Average Annual Fees	INR 70,000	INR 21,000	INR 34,540
Average Annual Salary	INR 3,50,000	INR 3,50,000	INR 2,50,000
Top recruiters	IBM, Lutron, Boston Analytics and other top-level MNCs	Adobe, BYJU’s, topper, HSBC, Infosys, Berger, Ashok Leyland, IBM, HDFC Bank, Wipro and many other companies	Wipro, HDFC Bank, TCS, L&T Infotech, ICICI Bank, NIIT and many more companies

Can Diploma in Accounting and Finance be Pursued Through Distance Education?

Distance learning for an accounting and finance diploma is quite uncommon. However, there is one college that offers this course via distance learning, which is detailed further below.

The Institute of Professional Accountants (IPA) in Delhi offers accounting courses via distance learning.
The duration of the diploma courses provided here ranges from six to twelve months.
A minimum of 10+2 in any field with a 50 percent aggregate is required.
Periodically, the IPA conducts exams. After completing the exam, you will receive a Diploma certificate.

Which Subjects are Taught in Diploma in Accounting and Finance?

All of the important disciplines connected to Financial Systems and Accounting Processes are covered in the Diploma in Accounting and Finance. The table below shows the whole semester-by-semester breakdown of the syllabus.

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
Tally ERP -9.0	Taxation
Economics & Finance Introduction	Management Skills

Which are the Important Books for Diploma in Accounting and Finance

The following are some of the greatest books recommended for an accounting and finance diploma:

Name of the book	Author
Management Accounting	N.S Malik
Auditing and Assurance	Sanjib Kumar Basu
Technical Analysis of Financial Markets	John J.Murphy
Introduction to Financial Accounting	Annand and Marchand
Accounting Principles: A business perspective	Hermanson, Edwards, Maher

Course Comparison: Diploma in Accounting and Finance Vs BCom

While the Diploma in Accounting and Finance is a Diploma course in the discipline of accounting, the Bachelor of Commerce (BCom) is a prominent Bachelor Degree course in the same field. The table highlights the differences between the two courses.

Parameters	Diploma in Accounting and Finance	BCom
Degree type	Diploma	Bachelors in Commerce
Overview	This course involves the subjects like Fundamentals of Accounting, Accounting and Audit Practice, Capital Market, Indian Banking System, Tally ERP -9.0, Economics & Finance Introduction, etc.	This course involves the study of Accounts, Maths, Economics, IT, Company Law, Marketing, Banking & Financial systems, Tax, etc.
Eligibility	Eligibility – 10+2 or equivalent examination from any recognised educational institute with Maths as a compulsory subject	10+2 from any recognised educational board with Maths and English as core subjects
Colleges and Universities	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’ college, Madras Christian College, Hindu College.
Average Fees	INR 10,000 – 5,00,000	INR 10,000 – 1,00,000
Average Starting Salary	INR 3,00,000 – 6,00,000	INR 2,00,000 – 5,00,000

Which Jobs and Salary Trends are Available for Diploma in Accounting and Finance Candidates?

A student seeking a Diploma in Accounting and Finance has a diverse set of job options. The following are some of the jobs and salary trends.

After completing the Diploma of Accounting and Finance course, a student can work in market research businesses, public accounting firms, corporations, consultancy services, research organisations, accountancy firms, banking organisations, financial firms, and so on.
He or she could work as a bookkeeper, a billing clerk, a tax accountant, a financial advisor, a financial assistant & accountant, a financial consultant, a Chief Financial Officer, a Certified Public Accountant, or a finance manager, among other positions.
He or she can work in government and private sector companies such as market research firms, public accounting firms, corporations, consultancy services, research organisations, and accounting firms, among others, with this degree.
A student seeking a Diploma in Accounting and Finance has a diverse set of job options. The following are some of the jobs and salary trends. Candidates with a diploma in accounting and finance are hired by companies such as Hedge, Wipro Limited, ITC Limited, HPCL, Bharat Electronics, and Tato Motors.
They have the ability to work in a variety of career roles.
The various job profiles are listed below, along with their corresponding descriptions and annual average salaries.

Job Profile	Job description	Average salary
Book-keeping Clerk	The main responsibilities of Book-keeping Clerk include providing financial and administrative support to the organisation and supporting related financial operations	INR 3,20,000
Billing Clerk	The responsibilities of Billing Clerk include Generating invoices and bills, maintaining the invoice and bill records, generating account statements.	INR 3,00,000
Tax Accountant	Tax Accountants work for understanding tax structure, handling financial records, taxes of any organisation and preparing tax returns.	INR 4,00,000
Cost Accountant	The responsibilities of Cost Accountants include taking care of the entire incurred cost in manufacturing of any product and all the costs related to the firm.	INR 5,00,000
Financial Advisor	The responsibility of Financial Advisor includes advising the company or firm on the various financial growth related issues. They need to chart out the ways through which the financial conditions of the organisation can be improved.	INR 8,00,000
Business Consultant	Business Consultant mainly works as an advisor who provides advice on various sides of a business including the financial side.	INR 6,00,000
Finance Manager	Finance manager is responsible for handling all the finance related issues of the organisation including releasing expenses, managing the investment, keep track of the total financial outcome, etc.	INR 5,50,000
Financial Assistant	Financial Assistant assists the finance managers and chief finance officers in handling the financial issues of an organisation properly.	INR 4,75,000

What is the Future Scope After Diploma in Accounting and Finance?

Because the Diploma in Accounting and Finance is a diploma programme, there are numerous higher education options and future opportunities available to those who complete it. A few of them are discussed farther down.

Students can pursue a variety of different degrees after completing the Diploma in Accounting and Finance, such as B.Com, M.Com, and so on. This will benefit them in the long run.
B.Com is a three-year undergraduate programme that focuses on the fundamentals of accounting and finance. The M.Com degree is a postgraduate extension of the B.Com degree.
Students who have already earned a Diploma in Accounting and Finance are eligible to enrol in B.Com and M.Com courses at the undergraduate and postgraduate levels, respectively.
The individual can also pursue higher education and study to become a Chartered Accountant, which pays around 7-9 Lacs INR per year.
This is a fantastic opportunity that comes with pursuing higher-level degrees after completing the Diploma in Accounting and Finance programme.
There are numerous diplomas available in the field of Diploma in Accounting and Finance. Diplomas in Accounting and Taxation, Diploma in Financial Management, and others are among them.
These are specialisations within the Diploma in Accounting and Management, and students can acquire degrees in them.