Accountancy is the subject that deals with the process of accounting, which means recording and assessing financial transactions related to any commercial activities. Accounting is the process of measuring, processing and sharing financial and other information about businesses and corporations. This subject deals with the systematic recording, analysis, and interpretation of financial transactions. The scope of accountancy is vast, and pursuing accountancy after class 12 can lead to a rewarding career in the field of finance and accounting. With the increasing demand for skilled accountants, students with an accountancy background can expect to have a bright future ahead of them.
CUET Accountancy Exam Overview
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CUET Accountancy Exam Overview |
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Exam conducting body |
National Testing Agency |
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Examination mode |
Online |
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Maximum no. of Questions |
50 |
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Questions to be Attempted |
40 |
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Time limit |
45 minutes |
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Maximum Marks |
200 |
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Negative marking |
Yes;
-1 for each wrong answer
+5 for each correct answer |
Career in Accountancy
Career prospects in accountancy after class 12 are vast and diverse. Graduates with an accountancy background can work in various industries such as banking, finance, auditing, taxation, and consulting. They can work as auditors, tax consultants, financial analysts, investment bankers, management accountants, and more. Moreover, with the growing importance of corporate governance, the demand for skilled accountants is only increasing, making accountancy a rewarding career option for students after class 12.
Accountancy Course Eligibility
Students who have passed XII class in any stream are eligible to apply for an undergraduate course in Accountancy given that:
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A student must have passed 10th and 12th classes with a minimum of 50% marks from a recognized board
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Candidates must have a 10+2 diploma in Science or Arts or an equivalent qualification from a recognized board.
UG Courses in Accountancy
Accountancy is one of the 27 domain subjects included in Section II of the CUET exam pattern. Accountancy is the occupation of maintaining and auditing records and preparing financial reports for a business.
To start a career in accountancy, you are required to have a minimum of a bachelor’s degree in accounting. Therefore, the first step to starting a career in accounting is pursuing an undergraduate degree in this stream. You can go for diploma courses or bachelor’s courses, in accounting and finance. Following are some of the courses that you can pursue to start your career in accounting:
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B.Com in Accounting and Finance ( 3 years )
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B.Com in Accounting and Taxation ( 3 years )
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Bachelor of Commerce in Accountancy ( 3 years )
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BBA in Accounting and Finance ( 3 years )
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Diploma in Advanced Accounting
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Diploma in Accounting and auditing
You can also opt for professional courses such as Chartered Accountant (CA), Cost and Management Accountancy (CMA), and Company Secretaryship (CS). These courses provide practical training and hands-on experience, making them job-ready.
Accountancy Course Duration
The duration of Accountancy courses varies depending on the type of program.
BSc Accountancy or Bachelor of Science in Accountancy is an undergraduate degree with an emphasis on Accountancy for 3 years. BA Accountancy is also a 3-year degree program. Each year consists of 2 semesters.
The certification program in accounting can be shorter, requiring only three to four courses-you need the basics to get started. For chartered accountant certification course duration of 6 months to 2 years, certified financial planner course duration of 6 months to 2 years.
The minimum eligibility for the certification course in the Accounting program is to have a 12th or a Senior Secondary degree from a recognized board in India.
Job Opportunities
The undergraduate courses in Accountancy are highly sought-after as they open up numerous opportunities in public accounting firms, private businesses, government agencies, and non-profit organizations. The course provides you an opportunity to pursue a career in different areas such as Financial Risk Analyst, Financial Planner, Investment Analyst, Accounts Handler, Tax Adviser, Accountant, Auditor, etc. Therefore you should obtain a good score in CUET 2023 to pursue Accountancy course from the top colleges/Universities of the country.
Colleges / Universities
Following are the top colleges/Universities that offer courses in Accountancy:
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St. Xavier's College, Mumbai
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Kirori Mal College, University of Delhi
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Lady Shri Ram College for Women, University of Delhi
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Ramjas College, University of Delhi
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MIT World Peace University - [MIT-WPU], Pune
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Madras Christian College - [MCC], Chennai
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Christ University, Bangalore
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Lovely Professional University - [LPU], Jalandhar
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Narsee Monjee College of Commerce and Economics, Mumbai
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Symbiosis College of Arts and Commerce, Pune
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Goenka College of Commerce and Business Administration, Kolkata
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KPB Hinduja College of Commerce - [KPB], Mumbai
Key features of the Smartkeeda CUET Accountancy mock test series
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Smartkeeda Accountancy mock test series is designed according to the latest pattern of the CUET Accountancy exam prescribed by the National Testing Agency CUET 2023 examination.
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After taking the test, you receive a detailed analysis report that highlights your strengths and weaknesses in different areas of the subject.
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The analysis report also provides a topic-wise analysis of your weak areas, that helps you focus your study efforts and improve your overall performance.
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You can also reattempt the questions in the accountancy mock tests if you are not satisfied with your performance or if you want to improve your score.
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It also provides the facility to compare your performance with other students who have taken the test, which can give you an idea of where you stand in comparison to your peers.
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With the help of the ‘Compare’ feature, you can compare your performance in each CUET Accountancy mock test with the top performers of that mock test and understand the approach followed by them to perform better than you.
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Smartkeeda Accountancy mock test series keeps a track of your improvement with each CUET Accountancy mock test by comparing your current performance with past performance.
