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Accounting & Banking
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Accounting & Banking  
 
 

Accounting is a process of systematic art of recording, reporting, collecting, summarizing and analysis of financial transactions of a business. Accounting includes maintenance of account records, preparation of financial and economic information of the events relating to the entity. Accounting helps a company to analyze the financial performance of the business. Accounting is called the language of business because it is the process for reporting financial information about a business entity to many different groups of people. The principles of accountancy are applied to business entities in three divisions of art are accounting, bookkeeping, and auditing. Person who maintains accounts is known as an Accountant.

Banking defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit. Banking has been characterized largely, Because of technological innovation, by an increasingly sophisticated provision of banking services and an expansion of consumer credit. Banking services include of debit and credit cards, providing safe of valuable items, lockers, ATM services and online transfer of funds across the country and world. Banking activity encourages the flow of money to productive use and investments and allows the economy to grow. Banking programs introduced by various government and private organizations aim with at equipping students concepts, tools and techniques in the banking sector.

Areas of Accounting & Banking

Financial accounting.

Management accounting .

Auditing .

Tax accounting .

Budgeting and planning .

Cost accounting.

Environment and Management of Financial Services.

Micro Economics.

Effective Banking Communication.

Quantitative Techniques in Banking.

Organizational behavior in Banking organizations.

Strategic Planning in Banking organizations.

 

Courses and Eligibility

1.Student must pass higher secondary education or 10+2 with Commerce subjects to get    admission into bachelor’s degree program.

2. B.com in accounting.

3. M.com in accounting.

 

Employment

Graduates of Accounting are employed in government, private firms, public limited companies, public accounting firms, markets research, budget planning, corporations and consultancies. Professionals in this career can also start their career as a teacher in universities and colleges. Graduates work as a Certified Public Accountant, Chartered Management Accountant.

 

Banking today is the best career for field of commerce and accounts students. Graduates of Banking are employed in Private and Government banks, financial institutions. Graduates get position in Managing, positions in insurance, personal loans, mortgages, collections and back office operations. Technical skills and basic communication skills do matter in the process of banking.

 
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