Diploma in Financial Account is a one-year diploma course in financial accounting that aims at imparting the theoretical and practical knowledge of banking and finance. The course will help the students to aware of the accounting and financial management policies and how to use the financial services and the software in the business world.
- The students who are interested in accountancy, taxation and banking affairs can choose this course for their career.
- The candidates should possess the analytical, problem-solving skills for solving the mathematical calculations and solving financial risks.
- The core areas of the are program is Indian Banking System, Fundamentals of finance and Accountancy and use of the techniques of accountancy and finance.
- After completing the diploma program, the students can find their career in both public and private sectors, budget planning, consultancies, market research and corporations.
Contents
Highlights of the Course
| Course Level | Graduate |
| Duration of the Course | 1 year |
| Examination Type | Annual/ Semester |
| Eligibility | 10+2 or equivalent examination |
| Employment Areas | Corporate FinanceBudget AnalysisReal Estate FinancingTaxation Departments |
| Job Types | Financial AdvisorCertified Public AccountantFinancial ControllerChartered Management Accountant |
Type of the Course
Diploma in Financial Accounting is a diploma course in financial accounting.
Duration of the course
Duration of Diploma in Financial Accounting is a full-time one-year program.
Eligibility of the Course
- The students should pass the 10+2 examination from any recognized institutions.
- Mathematics should be one of the subjects in the qualifying examination.
- Some institutions may conduct entrance examination for the admission purpose. But there are no common entrance tests for the admission.
Syllabus of the Course
The Subject areas of Diploma in Financial Accounting is as follows:
| Fundamentals of Accounting |
| Financial Risk Management |
| Indian Banking System |
| Commercial & Industrial Law |
| Economics & Finance Introduction |
| Loans and Advances |
| Accounting and Audit Practice |
| Taxation |
| Capital Market |
| Management Skills |
| Indian Financial System |
Career Prospects of Diploma in Financial Accounting
The graduates in Diploma in Financial Accountancy can go for further studies.
- B. Com
- M.Com. (Accounting and Taxation)
- Diploma in Advanced Accounting
- M.Com. (Accounting and Finance)
- M.Com. (Accounting and Auditing)
- MBA
There are a lot of employment opportunities for graduates in diploma in Financial Accounting. Students can find their employment areas in the following Employment Areas.
Employment Areas
- International Financing
- Budget Analysis
- Management Accounting
- Corporate Finance
- Real Estate Financing
- Audit Departments
- Taxation Departments
Job Types
- The graduates can work as an Accounting Clerk who has to create, maintain and review the accounting records of a business firm.
- Tax Accountant is another job type where the aspirants have to handle the financial records, prepare tax returns and the tax records of the organisations and to understand the tax structures
- Aspirants have to work as a Financial Advisor where they have to create plans and strategies for eliminating financial risks.
- Certified Public Accountant works at all levels of government that works to guide financial planning, and have to play the roles like tax auditors, Financial analysts and policy planners.
- The person who works as a Billing Clerk has to prepare bills and invoice.
The other job types are:
- Tax Accountant
- Finance Assistant & Accountant
- Chief Financial Office
- Bookkeeping Clerk