Diploma in Computerized Financial Accounting (DCFA): Fees, Eligibility, Syllabus, Scope
Computerized financial accounting has revolutionized the manual paper method of accounting which takes a lot of time. It is an advanced technology in the finance sector. This 1-year course deals with the technicalities of accounting and finance. Students who are keen to make a career further in commerce and want a deep understanding of finance and accounting can enrol in this course. This course focuses on the technical aspects of the account/finance sector and trains candidates in computerized accounting. This course focuses on the following aspects:
- Eligibility for Diploma in Computerized Financial Accounting
- Diploma in Computerized Financial Accounting Admission
- Admission process
- Cutoff of top colleges
- Diploma in Computerized Financial Accounting Skills Required
- Diploma in Computerized Financial Accounting Syllabus
- Diploma in Computerized Financial Accounting Fees Structure and Details:
- Scope of Diploma in Computerized Financial Accounting
- Career option after Diploma in Computerized Financial Accounting
- Expected salary
- List of top 10 Diploma in Computerized Financial Accounting colleges in India
- Top private Diploma in Computerized Financial Accounting colleges in India
- Top government Diploma in Computerized Financial Accounting colleges in India
- Managing accounts
- Payroll
- Analyzing forecasts
- Tracking incomes
- Expenditure
- Budgets
Accounting is the study of how an organization tracks their income periodically. Finance accounting includes the following activities:
- Preparation of financial statements
- Record of business transactions
A diploma in computerized accounting gives proficiency over the different subjects along with the software packages that are used in accounting. This course involves software-based accounting and digital spreadsheets. All these digitalization assist in tracking various business or financial transactions. Candidates must be aware of basic Microsoft skills such as Excel, Word, PowerPoint, and finance-related technical terms. In this way, this diploma course covers all skills that are required in the professional career of a candidate.
DCFA Course Details
Particulars | Highlights |
Duration | 1 year |
Degree | Diploma |
Eligibility | Intermediate with commerce from any reputed college, minimum 45 per cent |
Academic Session | Semester Based |
Admission Process | Merit, entrance examination conducted by the institution |
Mode of Learning | Full Time and Part-Time |
Estimated Diploma in Computerized Financial Accounting fee | Rs. 8000 - Rs. 1.5 lakhs |
Recruiting companies |
|
Career options after the course |
|
Average Salary | Rs. 1 lakhs to Rs. 4 lakhs |
Eligibility for Diploma in Computerized Financial Accounting
Diploma course in financial accounting is one of the demanding and professional-oriented courses whose eligibility criteria are not very hard. The eligibility criteria for this course is given below:
- The candidate should have qualified the intermediate(10+2) examination.
- Candidates should have obtained a minimum of 45percent in intermediate (10+2) examination.
- No age bar to enrol in this course
Diploma in Computerized Financial Accounting Admission
Candidates can complete the course via correspondence basis or can enrol part-time. For this course, entrance exams may be conducted as per institution rules and regulations. Some colleges directly take admissions based on the merit obtained by the student. Generally, the syllabus for entrance exams includes General aptitude, Computer knowledge, Accounts, Reasoning, Current affairs, and so on. The admission is done based on Merit secured by Candidates in the qualifying examination.
Some recognized colleges also select students based on counselling. The applicant can enrol in this course by both modes: Offline and Online mode. Further, all information related to admission is notified through email.
Admission process
- Students can obtain admission to various colleges based on their academic achievements or by appearing for the entrance exams.
- Candidates must wait for the desired institute to disclose the merit list.
- Students are then asked to go to the colleges to verify their documents.
- They must pay the admission costs after the documents have been verified.
Cutoff of top colleges
A cut-off score for the Diploma in Computerized Financial Accounting is a set of criteria used to evaluate a student's merit or test performance. The qualifying examinations and the number of applicants who appear for the entrance examination determine the cutoff for the Diploma in Computerized Financial Accounting, which varies for each college.
Diploma in Computerized Financial Accounting Skills Required
Skills are very important to grow and develop in any area. Like any other sector, some skills are also required in the computerized financial sector. Important skills are mentioned below:
- Bookkeeping
- Accounting and Asset
- Balance sheet
- Capital
- Numeric calculations
- Credit and Debit
- Expenses
- GAAP and Investment
- Profit and loss statement
Apart from theoretical knowledge, the following knowledge is also preferred for this course such as,
- Microsoft office
- Database management
- Communication skill
- Interpersonal skill and analytical skill
- Candidates should have the capability to work for longer times in the computing area.
Diploma in Computerized Financial Accounting Syllabus
In this course, to develop skills in any candidate both theoretical and practical aspects are covered. The students learn data calculation related to the account, business account, and analysis of financial statements. This course provides a professional environment along with academic development. Here a general overview of the syllabus is given. The syllabus can vary according to institutions. There are generally 6 modules in the syllabus.
Module name | Topics covered |
Accounting and Finance | Accounting concept, sales and account, debit and credit notes, Accounting for the stock, corporate banking, journal, ledger, corporate banking, trial balance, and error rectification, and so on. |
Taxation: Direct and Indirect | Service tax; introduction, its computation, payment of service tax, filing of service tax return, Concept of value-added tax (VAT) and CST, Central excise computation, GST |
Payroll | EPF liability, Filing of PF return, ESIC computation, tax computation, Profession tax liability, |
SAP- Financial | ERP, Enterprise structure, Financial accounting, Bank accounting, Management of vendor and customer, Asset accounting |
Tally ERP9 | Tally features and benefits, Accounting on computers, Creation of master of accounts and master of inventory, Creation and management of invoices, Taxation, Central Excise Computation, Management of payroll, Preparation of payslips and Pay sheets, Reporting |
MS Excel and MIS reporting | - |
Apart from the above topics, MS Office and its use, e-commerce, business, and online accounting, Microsoft windows are also taught in the course along with any specific software like Cash Manager, Wings 2000, and so on.
Diploma in Computerized Financial Accounting Fees Structure and Details:
The course fee of different educational institutes varies as per location, college, and course procedure. The average estimated fee for the course varies between Rs. 8000 to Rs. 1.5 Lakhs.
Scope of Diploma in Computerized Financial Accounting
The backbone of the business system is financial accounting. Companies, investors, and officers can make sound judgments based on the information created and retained by financial accountants using the financial accounting framework. Faster and more efficient record-keeping, access to real-time financial data, automated invoicing, and cost savings are all advantages of a computerised system. Most accounting software, for example, can generate invoices, receipts, and credit notes automatically.
Career option after Diploma in Computerized Financial Accounting
There are huge opportunities in private as well as in government jobs after completion of the Diploma course in computerized accounting. The job role can vary from entry-level to executive or administration level. Candidates can choose any path as per their choice. The options are given below.
Accountant: Accountants handle various accounts and related applications using a particular software.
Business Executive: Business Executives assist the organization in building a relationship with new clients, increasing the sell of products
Audit Officer: Audit Officers manage and control the operations of accounts audit. They develop plans and examine the outcomes
Commercial Assistant: Commercial Assistants perform administrative duties related to business
Cashier: Cashier Maintains cash vouchers/credit cards/debit cards/cheque issue receipt/refunds and also keeps cash details.
Benefits of studying Diploma in Computerized Financial Accounting
Diploma in Computerized Financial Accounting course syllabus is career-oriented. The course also provides accounting software knowledge. In this way, the course is technically sound. Many career opportunities are available after completion of the course. Computerized financial accounting is beneficial in the current financial sector. Companies prefer those candidates who have technical knowledge. Being computerized it saves a lot of time in account-related calculations and financial transactions. It also gives a more accurate result. Being software-based, computerized accounting systems are faster to use and error-free. It can work efficiently and cut down all external costs.
Expected salary
Computerized financial accounting has become the well-paid job sector in accounting. The candidates’ salaries vary according to the job profile and increase with experience also. Here some of the famous job profiles along with their remuneration figure are mentioned below.
Job profile | Remuneration figure (per annum) |
Accountant | Rs. 2 lakhs to Rs. 3 lakhs |
Business Executive | Rs. 2 lakhs to Rs. 3 lakhs |
Audit Officers | Rs. 3 lakhs to Rs. 4 lakhs |
Commercial Assistant | Rs. 1 lakh to Rs. 2 lakhs |
Cashier | Rs. 1 lakh to Rs. 2 lakhs |
Companies who hire computerized accounting certified candidate
Almost every startup and multinational company hires candidates who are certified in computerized finance accounting. Here, a list of top recruiters is given below.
Financial Organizations
Tata Motors
Wipro limited
Bharat Electronics Ltd
Vedanta Ltd
HPCL
L & T Finance Limited
SBI Capital Markets Limited
Various Banks
List of top 10 Diploma in Computerized Financial Accounting colleges in India
In India, there are a number of educational institutes that provide a Diploma in Computerized Financial Accounting. Prior academic achievements and admission test scores are used to determine admission. The leading universities and institutes in India that provide a Diploma in Computerized Financial Accounting are listed below:
Top private Diploma in Computerized Financial Accounting colleges in India
A Diploma in Computerized Financial Accounting is offered by a number of private colleges in India. A degree from a private institution is much more expensive than one from a public university. The following are some of the best private universities for a Diploma in Computerized Financial Accounting:
Colleges | Fee Structure (Entire Course) |
Virtual Voyage College of Innovation, Indore | NA |
Kanyakumari Community College, Kanyakumari | NA |
Tagore College of Arts and Science, Chennai | NA |
Top government Diploma in Computerized Financial Accounting colleges in India
Attending a government-run college is less expensive than attending a private college. In India, these colleges are noted for their high academic standards. The following are some of the best government colleges that offer a Diploma in Computerized Financial Accounting:
Colleges | Fee Structure (Entire Course) |
Rajiv Gandhi University, Itanagar | NA |
RISU Jaipur - Rajasthan ILD Skills University | NA |
PNG Government PG College, Ramnagar | Rs. 6000 |
Frequently Asked Questions (FAQs)
Tally is generally preferred by the companies for accounting purposes.
A computerized accounting system is accounting software which assists, manages, and controls monetary transactions, inventory, and keeps track of income and outcome.
Some accounting software that is available in India - Marg, Quickbooks, Zoho books, Tally, Busy. All these software are available with a free demo.
Computers and electronic data are used to replace manual bookkeeping work by computer accounting programs. Being automated in behaviour, it saves time, is error-free and faster to use.
Some accounting software that is used by the companies:
SAP - advisable only for multinational businesses with multi-point control for various functions.
Tally - advisable for small and medium-scale businesses or start-up enterprises which has the restricted budget for accounting software
- Quickbooks - It is offered as the SAAS model through the clouds. It is advisable for professionals in the area of sales & finance.
Yes, some recognized colleges have started the diploma course in finance accounting via distance education mode.
Yes, some online courses are also available for online computerized accounting. A list is also given below.
Learning QuickBooks
Federal Taxation
Computer Competency
There are many platforms where one can learn the above courses like Udemy, GCF free learn.
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Questions related to Diploma
After a Diploma in Architecture , you generally need to appear for NATA or JEE Main Paper 2 to get into B.Arch. Lateral entry is not commonly available for B.Arch, so you would need to start from the first year . Some states or private universities may offer flexible admission options or credit transfers based on your diploma coursework.
Check with the specific universities or counseling bodies for more details.
Hello aspirant,
Here below I am providing you with the name of some of the good colleges:
- Dr . M.G.R. Educational and Research Institute .
- Thiruvalluvar University
- Karunya Institute of Technology and Sciences,
- Kalasalingam Academy of Research and Education Kasturba Medical College
To know about more colleges, you can visit our site through following link:
https://law.careers360.com/colleges/list-of-pgd-in-criminology-and-forensic-law-colleges-in-india
Thank you
Your aiu certificate is equivalent to 10+2 certificate. As you are Punjab domicile you will not be nri . This should be confirmed with Bfuhs.
Your NEET code is 2. Since you have 10+2 from a recognised board that's is American high school diploma. As long as you have 50% in physics, chemistry and biology.
For admission to Indian medical colleges, the key requirements include validating your educational qualifications and ensuring they align with the eligibility criteria set by the Medical Council of India (MCI), now overseen by the National Medical Commission (NMC). Here's a detailed response:
---
1. Acceptance of IB Diploma for Indian Medical Colleges
Yes, the International Baccalaureate (IB) Diploma is accepted, but you must meet the following conditions:
You studied Physics, Chemistry, Biology (PCB), and English as part of your IB curriculum.
You obtained the minimum percentage of marks required in PCB (usually 50% for General category; 40% for reserved categories).
2. Diploma vs. Marksheet
High School Diploma Certificate: While it proves you have completed your education, Indian colleges typically require detailed subject-wise marks for eligibility verification.
Marksheet/Transcript: This is mandatory because it provides:
Your grades or marks in specific subjects (Physics, Chemistry, Biology, and English).
Confirmation that you meet the eligibility criteria for MBBS admissions.
Colleges use this document to calculate equivalence to Indian standards.
---
3. Equivalence Certificate from AIU
Since IB is an international curriculum, you must obtain an Equivalence Certificate from the Association of Indian Universities (AIU). This certificate ensures your qualification is equivalent to the 10+2 system in India. You need to provide:
Your IB diploma.
Your detailed marksheet/transcripts.
---
4. Additional Requirements
NEET Eligibility: You must qualify for NEET and meet the required cutoff.
Counseling Documents: During counseling, you'll need:
IB diploma certificate.
Marksheet/transcripts.
AIU equivalence certificate.
NEET scorecard.
Hello there,
Yes, the Association of Indian Universities (AIU) provides Equivalence Certificates for foreign educational qualifications, including the US High School Honors Diploma . However, the process can be specific and may require certain documentation.
-
Accreditation : The school from which the diploma was obtained should be accredited by a recognized agency, such as Cognia, which you mentioned. This is important for AIU to assess the authenticity and quality of the educational system in the U.S.
-
Equivalence Process :
-
AIU evaluates foreign qualifications based on the syllabus, credits, and overall educational standards in comparison to the Indian education system.
-
You will likely need to submit documents such as the
High School Honors Diploma
,
transcripts
, and a
copy of the accreditation certificate
of the school (Cognia in your case).
-
AIU evaluates foreign qualifications based on the syllabus, credits, and overall educational standards in comparison to the Indian education system.
-
Application : The process involves filling out an application with AIU and submitting these documents for evaluation. The AIU's Equivalence Section will review your credentials and provide a certificate stating how your foreign qualification compares to an Indian qualification.
-
Additional Considerations :
-
The diploma must be from a regionally accredited institution, which your school is, given its accreditation by
Cognia
.
- It’s important to provide detailed documents such as course descriptions, a grading scale, and any other supporting material to ensure a smooth evaluation.
-
The diploma must be from a regionally accredited institution, which your school is, given its accreditation by
Cognia
.
You may want to contact
AIU
directly or visit their official website to get the most accurate and up-to-date information regarding your specific case.
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.