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Diploma in Financial Accounting (DFA) Course Details

A diploma in Accounting and Finance may be a 1-year long diploma course for those students who have passed their 10+2 examinations and had arithmetic of the mandatory subjects. This explicit course equips a candidate with an accounting and finance diploma. It’s a lot of an expert course instead of a tutorial one. Any students who have cleared their 10+2 exams from any college punctually recognized by the Indian Government are eligible to use this course. Here in this article, I am sharing with you complete details about the Diploma in Financial Accounting Course Details.

Most universities evoke a minimum of fifty marks to be eligible. Admission to the present course is principally merit-based; however several prime faculties conjointly conduct their own entrance examination for admission to diploma in Accounting and Finance courses. Let’s see the complete details about the Diploma in Financial Accounting in the below sections.

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Diploma in Financial Accounting

Diploma in Financial Accounting Course Highlights:

Course LevelGraduate
Duration1 year
Examination TypeBoth Annual and Semester
Eligibility10+2 or equivalent examination
Admission ProcessMerit-based/Entrance Exam
Course FeeINR 10,000 – 5,00,000
Average SalaryINR 3,00,000 – 6,00,000
Top Recruiting SectorsMarket Research Firms, Public Accounting Firms, Corporations, Consultancy Services, Research Organisations, Accountancy Firms, etc.

Why Study Diploma in Financial Accounting?

Studying Diploma in Financial Accounting will have major advantages, here are the number of advantages mentioned below:

  • Since the finance and banking sectors are gaining a major boost in India in recent times, students are choosing the diploma in Financial Accounting as their post-high college-level studies to urge a higher kick start in their future careers.
  • This diploma course imparts sensible and theoretical information to the scholars on the actual field of study and makes them trained enough to be deemed employable.
  • This course makes the scholar trained on policies of accounting and money management and helps them develop needed|the mandatory} skills required within the world of business.
  • It conjointly helps the scholars learn the way to use money services and accounting computer code within the business.
  • A candidate conjointly has the chance to pursue alternative degrees like B.Com, M.Com, etc., once they complete their diploma in Financial Accounting. this could work as an additional advantage.

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What are the Eligibility Criteria for a diploma in Financial Accounting?

The candidates seeking admission to the diploma in Financial Accounting course should qualify bound to the minimum eligibility criteria, a number of that are mentioned below.

  • A candidate should have passed their 10+2 or the other equivalent examination from a recognised institution to regard eligible for the diploma in Financial Accounting course.
  • They conjointly should have arithmetic mutually of their mandatory subjects in their high school level qualifying examination to realize eligibility for this explicit course.
  • The share of marks needed for admission will vary from one school to a different.

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What is the Admission Process for a diploma in Financial Accounting?

The admission method of the diploma in Financial Accounting course has principally supported the marks obtained in 10+2. a number of the details associated with admission to the present course are mentioned below.

  • Generally, for this course, there’s no such method as a typical entrance examination. However, completely different faculties could hold their entrance-level examinations.
  • To availing admission to the course, one should visit the website of the school or visit the college’s field for a lot of data.
  • If you clear the cutoff, you may be involved in an interview most time. Some faculties offer direct admission while not an interview.
  • advantage lists are proclaimed shortly once application forms are crammed.
  • a number of universities take a look at the final ability of the scholars to provide them admission.
  • within the case of entrance exams, the scholars Who clear the cutoff are going to be known for certain interviews.
  • If elite, the scholar will then move to the assigned school for submission.

Can a diploma in Financial Accounting be Pursued Through Distance Education?

Distance learning for a diploma in Financial Accounting is incredibly rare. But, there’s one school that provides this course through distance mode, which is mentioned below.

  • The Institute of skilled Accountants (IPA), Old Delhi will supply distance learning for accounting courses.
  • The diploma courses offered here have a length that varies from 6- twelve months.
  • The minimum eligibility is 10+2 in any discipline with a fifty p.c combination.
  • The IPA conducts periodical exams. A diploma certificate is awarded once passing the examination.

DFA Course Syllabus:

Here is the complete syllabus of the course that one has to study in the Diploma in Financial Accounting. A year has been divided into 2 semesters.

Semester 1Semester 2
Fundamentals of AccountingIndian Financial System
Accounting and Audit PracticeLoans and Advances
Capital MarketFinancial Risk Management
Indian Banking SystemCommercial & Industrial Law
Tally ERP -9.0Taxation
Economics & Finance IntroductionManagement Skills

The syllabus of the course may differ from college to college but the overall syllabus of the course would be the completely same. Whichever college you choose for admission, check the syllabus of that particular college.

Top 10 colleges in India:

Here is the list of top ten colleges in India with locations, average fees and average salary offered by the company etc.

Name of InstituteCity Average FeesAverage Salary Package
GD Goenka AcademyGurgaonINR 70,000INR 3,50,000
IIMT Group of CollegesGreater NoidaINR 21,000INR 3,50,000
Shri Bhausaheb Vartak Arts, Commerce And Science CollegeMumbaiINR 34,540INR 3,00,000
The Maharaja Sayajirao University of BarodaVadodaraINR 13,160INR 2,50,000
NIITRohtakINR 42,000INR 5,45,000
Madhya Pradesh Bhoj Open UniversityBhopalINR 5,040INR 2,50,000
Amity UniversityNoidaINR 1,20,000INR 3,50,000
AKB Institute of Finance and ManagementFaridabadINR 20,000INR 3,00,000
Pondicherry UniversityPondicherryINR 26,000INR 2,50,000

Career Scope and Job Opportunities:

There are tons of options after the completion of the Diploma in Financial Accounting. Many companies hire freshers with a good pay package.

Job ProfileJob descriptionAverage Salary
Book-keeping ClerkThe main responsibilities of Book-keeping Clerk include providing financial and administrative support to the organisation and supporting related financial operationsINR 3,20,000
Billing ClerkThe responsibilities of the Billing Clerk include Generating invoices and bills, maintaining the invoice and bill records, and generating account statements.INR 3,00,000
Tax AccountantTax Accountants work for understanding tax structure, handle financial records, and taxes of any organisation and prepare tax returns.INR 4,00,000
Cost AccountantThe 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 AdvisorThe responsibility of the 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 ConsultantA 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 ManagerThe finance manager is responsible for handling all the finance-related issues of the organisation including releasing expenses, managing the investment, keeping track of the total financial outcome, etc.INR 5,50,000
Financial AssistantThe Financial Assistant assists the finance managers and chief finance officers in handling the financial issues of an organisation properly.INR 4,75,000

It is better to choose the right college and get proper education and proper training in the course. One can make a better career in the field, this field has the potential to give you better career growth in future.

FAQs Diploma in Financial Accounting

Do I need to clear the entrance exam to get admission to Diploma in Financial Education?

It depends on the college, Some reputed college conduct entrance exams to offer admission while some offer direct admission to the course.

Is it compulsory to do an internship after the DFE?

No, this is not part of the syllabus, if you want you can do it on your own to get better job opportunities after the internships.

How many marks are required to get admission on Merit?

If one has scored 55% marks or more than that, there is a higher chance to get admission to the course on the basis of merit.

About the author

Dasharath Maurya

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