Account & Book Keeping

Importance Of Book keeping And Accountancy

Bookkeeping & Accountancy is a compulsory subject in commerce for 11th and 12th class. Bookkeeping is concerned with recording and classifying the business transactions. Accountancy is related with recording, classifying,summarising, analyzing and interpreting the financial data.The subject is based on accounting principles.The subject includes understanding accounting principles and solving practical problems.Most of the career in commerce is based on Accounts.Students who wants to pursue a reputed career in commerce must be good at Accounts.

Now let us see the best career options after 12th Commerce-

• Bachelor of Commerce ( B.Com)- The Bachelor of Commerce is 3 year undergraduate degree program in commerce.
• Bachelor of Economics (BE) – The BE is a 3 year under graduate degree in economics offered by many universities in India and as well as abroad.
• Bachelor of Accounting and Finance (BAF)- The BAF degree is a four year undergraduate degree that combines coursework in accounting and finance.
• Bachelor of Commerce in Banking and Insurance (BBI) - The Bachelor of Commerce in Banking and Insurance is 4 year undergraduate degree program in commerce.
• Bachelor of Business Administration (BBA)- The Bachelor of Business Administration (BBA) is a four year degree program that provide students with the skills and knowledge necessary to pursue a career in business.
• Bachelor of Business Administration- Computer Application (BBA-CA)- BBA-CA is a 3 year undergraduate course offered by many universities in India The course is designed to provide students with an understanding of the various aspects of computer applications in businesses.
• Chartered Accoutant (CA)- A Chartered Accountant is a popular career option after 12th commerce .It is a professional accountant degree that has been granted chartered status by a regulatory body.
• Company Secretary (CS) – A Company Secretary is a professional who is responsible for the secretarial and legal compliance of a company.
• Cost and Management Accountant- A cost and management accountant are for providing financial managerial guidance to an organization.
• Journalism and Mass Communication- A degree in Journalism and Mass Communication lead to various exciting and rewarding careers in media industry.
• B Com in Tourism & Travel Management- It is a 3 year undergraduate course that covers a wide range of topics such as tourism marketing,destination management,event management and tourism policy.
• BA – LLB – The BA LLB is a 5 year integrated course offered by many law schools in India. After successful completion of the course,students are awarded two degrees,namely a BA degree and LLB degree.
• B Com Marketing- B Com Marketing is a degree that is designed to provide students with the skills and knowledge necessary to pursue a career in marketing.

Carrier opportunities

• Chartered Financial Analyst.
• Chartered Accountants.
• Company Secretary.
• Loans executive.
• Certified Financial Planner.
• Venture capitalist.
• Cost And Works Accountant

For the above we can conclude that accounting is very important for any enterprises whether listed or unlisted, profit oriented or not for profit, Government or private,and it helps in future growth. At the same time financial statements produced by various accounting systems are used by multiple stakeholders to take economic decisions. Proper reporting and accounting practices helps in maintaining investor's confidence and brings economic growth as well.