Bachelor of Commerce, widely known as B.Com, is a foundation course in the form of an undergraduate 3-year degree that provides sound knowledge on the subjects of economics, business law, commerce, taxation, finance, and accountancy. Subsequent studies and higher-level courses are built upon the very knowledge of this degree. After the completion of 10+2 in the commerce stream, auditing and taxation is one of the best courses available. Pursuing a B.Com in Auditing and Taxes online is not only as valid as a regular B.Com degree and more rewarding due to its flexibility. Here are more details about the course:

Key Features of  Online B.Com in Auditing and Taxation:

• Online B.Com is a UGC-DEB-approved degree. 
• The focus of the course is divulging into the various aspects of commerce, like accounts, finance, and auditing. 
• This is a 3-year undergraduate course divided into 6 semesters.
• The academic fee of the online B.Com program falls roughly between 30,000 INR and 50,000 INR. 
• The curriculum of the program is being regularly updated as per the norms of the industries.

Subjects/Syllabus:

Sound knowledge and firm technical instructions on the subjects of account, auditing, taxation, and finance are a part of the syllabus of Online B.Com in Auditing and Taxation. Some subjects that are a part of this foundation course are listed below.

Application Criteria:

Here is the list of criteria you need to check: 

• Every applicant of Online B.Com in Auditing and Taxation must have completed their 10+2 from a recognised board with a minimum score of 50% of the aggregate. 
• Furthermore, you should have all the records, mark sheets, and proof of identity to be able to take admission. 

Course Duration:

The course lasts for a duration of 3 years. The 3-year course is divided into 6 semesters, each of 6 months. However, a candidate has a maximum of 6 years to graduate.

Admission Process:

The admission process for Online B.Com in Auditing and Taxation is a fairly simple process conducted virtually. Students just need to abide by the steps of registration mentioned below:

• Register yourself on the official university website.
• Fill out the application form with all the appropriate details 
• For the process of document verification,  upload all the necessary documents on the website. 
• For the respective program, pay the application fees.
• From the university, you will soon receive a confirmation email or message

Fee Details:

The fees vary depending on the institute. The students are advised to classify different universities based on their fees before applying. The fee range for Online B.Com in Auditing and Taxation is from 30,000 INR to 50,000 INR. The fee payment guidelines and instalment instructions also vary.

Specialisation:

Apart from pursuing an online B.Com in Auditing and Taxation, here are some in-demand  specialisations that this degree has to offer:  

• Online B.Com in General
• Online B.Com in Banking Finance
• Online B.Com in Accounting and Finance
• Online B.Com in Law
• Online B.Com in Business Analytics
• Online B.Com in Stock Market
• Online B.Com in International Business
• Online B.Com in E-commerce
• Online B.Com in Marketing
• Online B.Com in  International Finance
• Online B.Com in Banking and Insurance
• Online B.Com in Behavioural Finance

Career Opportunities:

Candidates who graduated from auditing and taxation UG-level courses can easily get an entry-level job. Online B.Com is one such career-oriented field that provides various job opportunities to candidates. Below are some job profiles listed that can be good options after completion of an online B.Com in auditing and taxation.

Accounts Auditor: Identification of potential areas of opportunity and risk examination, preparation of financial records, and providing solutions for business firms and individuals — they all create a job description of an accounts auditor.

Internal Audit Manager: Accounting professionals who provide businesses with guidance on internal control, regulatory compliance, and financial accuracy are known as internal audit managers or internal auditors. Upon examination, they help in improving the finances, risk management, and operating practices of a company.

Audit Executives: The job of an audit executive includes monitoring and verifying the internal control system's accuracy, correct operation, and effectiveness. The chief audit executive of a company  has an adequate level of independence and autonomy as well as the means to carry out the above functions.

Income Auditor: Income auditors usually work for hotels and the hospitality industries. They primarily follow internal procedures to ensure that the company complies with all the tax obligations and also monitor revenue records. Candidates who have on-field experience may have a chance at getting high-paying jobs. 

Top Hiring Firms:

• Ameriprise Financial
• Infosys
• Maruti Suzuki India Ltd
• Boston Consulting Group
• McKinsey and Company
• Siemens

Other Modes of Courses to Opt After Specialisation:

While some people like to go for the standard job opportunities discussed above, not everyone is satisfied with a B.Com degree because, as mentioned before, this is only a foundation course laid down to help build the subsequent courses further. Here are some options you can pursue after completing your B.Com that you might not know about.

CFA course: One of the most reputed courses aiming to make you a Chartered Financial Analyst, which lasts for 2.5 years, is the CFA course. In the province of advanced investment analysis, The CFA course includes topics such as economics, probability theory, statistics, corporate finance, security analysis and portfolio management, among others. This makes it one of the best options after completing B.Com. The average salary of a starting CFA is around 6.6 LPA.

Chartered Accountant: The most popular course among B.Com graduates is that of a CA. No doubt CA can be a long and difficult journey, but a very handsome package along with a reputation are its rewards. For CA you need to clear three exams — CPT, IPCC and Final CA. For the IPCC and Final CA, you are required to clear two groups of each examination. You would also have to register for an articleship with an experienced and reputed CA for at least two and a half years.

Certification in Investment Banking: A six-month CIB course can prove to be a very rewarding career option for B.Com graduates. The job profile of a certified investment banker involves providing clients with a manoeuvre in Raising capital by selling equities in the company and issuing debts. The average salary of a certified investment banker falls in the range of 7 Lakhs to 24 lakhs INR per annum.

Company Secretary (CS): After CA and CFA, the popularity of the CS course among B.Com graduates is worth acknowledging. Exams for CS are conducted every six months. After clearing the CS Executive exam, candidates are eligible to apply for internships in CS firms. As a company secretary, your job will be maintaining and auditing the company records. You will also handle judicial records and provide legal advice to the company. Applicants of this course usually stay in benefit as there is no foundation exam, and they are directly admitted to the executive level.

Masters in Commerce (M.Com): An overarching study of Economics, statistics, taxation, accounting, and business management, the two-year-long course of post-graduation in commerce is the favourite career path of many commerce graduates. An M.Com graduate has the option to work in top-notch companies with lucrative salaries, like Bain and Company, Deloitte, Citigroup, Facebook, and even Apple.

Top Universities Offering Online B.Com and Their Fees:

• Manipal University, Jaipur — 90,000 INR 
• Jain University — 1,20,000 INR
• Amity University — 85,000 INR
• Lovely Professional University — 1,26,000 INR
• GLA University — 49,000 INR
• Sastra University — 1,20,000 INR
• Chandigarh University — 68,100 INR 

What Are The Reasons For Choosing an Online B.Com degree in Auditing and Taxation?

While regular B.Com does not possess any significant disadvantages, spending 3 years on a foundation course on campus is not everyone’s cup of tea. Here are some primary benefits of completing your B.Com degree online.

• You have an option to be employed if you pursue the degree online.
• As compared to a regular B.Com degree, online is cheaper and more economical.
• Online B.Com proves to be more convenient and flexible considering time and availability. 
• Higher entrance examinations like CA, CSS & CWA require a B.Com degree. You can prepare for these exams while pursuing a B.Com online. 

Conclusion

There are complete details of online b.com in taxation and auditing specialisation. Students who want to pursue this specialisation along with their jobs can opt for the universities listed above. The universities provide a program for working professionals that you can opt for and apply with application criteria