IGNOU B.Com In Financial & Cost Accounting

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About IGNOU B.Com In Financial & Cost Accounting

The Bachelor of Commerce with a Major in Financial and Cost Accounting (BCom(F&CA)) is offered under the School of Management Studies (SOMS) at IGNOU (Indira Gandhi National Open University) under the ODL (Open and Distance Learning) mode. The program is for students interested in gaining knowledge and skills in Financial and Cost Accounting with enhanced skills and abilities for better future aspects.

The BCom  F & CA is offered at IGNOU through the collaboration of the university with The Institute of Cost and Works Accountants of India (ICAI). The university offers global competent education with amazing facilities meanwhile, the university offers an open and flexible learning environment for the students. The duration of the program is 3 years but the university offers leverage of 3 additional years to students and allows them to complete the program in a maximum of 5 years.

The courses offered under BCom with a Major in Financial and Cost Accounting program are a combination of 3 different programs, including BDP (IGNOU), Foundation Course (ICAI), and Intermediate Course (ICAI). The study material offered by the university is highly accessible and covers all the aspects of the program that are essential for a student.

The syllabus of BCom F & CA includes Export Procedures and Documentation, Export Procedures and Documentation, Cost and Management Accounting, Applied Indirect Taxation, Business Environment, etc. IGNOU is the largest open university worldwide and it is the first open university in India that is accredited with an  “A++” Grade by NAAC (National Assessment and Accreditation Council). The fee structure of the program is designed so that it becomes affordable and pocket-friendly for students and working professionals at the same time. 

Course Fee

7,200 Full Fee


3 - 5 Years


10+2/equivalent qualification from a valid and recognized university with register themselves in the ICAI Foundation Course.

Specialization Benefits

  • B.Com in Financial and Cost Accounting is offered through distance education mode at IGNOU but it holds the same value and recognition as a regular degree.
  • The duration of the program is 3 years but with the flexibility of additional years, students can complete their program in a maximum of 5 years.
  • The fee of the program is Rs. 7,200 (approx) which is affordable as compared to other universities.
  • The university offers Teleconferencing, Telecast, Radio Counselling, Audio-video programs, highly accessible study material, LMS, and other facilities for students to better future aspects.
  • There are multiple job opportunities after completing the program and students can opt for risk analyst, executive assistant, investment banker, financial assistance, or senior accountant job profiles.
  • The BCom with a Major in Financial and Cost Accounting program is offered at IGNOU through the collaboration of the university with The Institute of Cost and Works Accountants of India (ICAI).
  • To be eligible for the program, the student has to clear the intermediate program of the ICAI.

IGNOU Approved By

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Who Can Apply?

The eligibility criteria for BCom F & CA are mentioned below:

  • The candidate must have cleared 10+2/equivalent qualifications from a valid and recognized university.
  • The candidate is required to clear the intermediate course of ICAI (Institute of Cost Accountants of India).

Specialization Wise Updated Fees 2023

General8,100 (Full Fee)
Financial and Cost Accounting7,200 (Full Fee)
Accountancy and Finance8,100 (Full Fee)

Sample Certificate from IGNOU

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IGNOU Online offers the option of Credit Card/Debit card/Net Banking in its fee payment options but does not provide you a “No Cost EMI” option as of now for any of the online courses.

IGNOU Admission Process

The process for IGNOU online course admission can be completed via the official website’s admission portal. The steps involved in the admission process are listed below.

Step 1: Visit the official website of the university & click on the “Apply Now” tab.

Step 2: Fill out the student registration form & register yourself with the university.

Step 3: After registration, re-login to the admission portal & fill out the admission application form.

Step 4: Upload the scanned copies of mandatory documents & submit the application form.

Step 5: Make the fee payment using payment methods as mentioned on the website.

UGC updated the list of approved ODL & Online programs for the academic batch of 2023-24, Click here to get the list!

Registrations are open for IGNOU’s Skill-based Bachelor Degree for Agniveers. Click Here to Know More.

IGNOU July 2023 session admissions have been started.

The Apply Before it's too late!! Click Here to Enroll at IGNOU Before 20th October.

Precautions to be taken by the students before enrolling for programs offered under ODL & Online Learning Mode, Click here to know!

A degree obtained through ODL mode is equivalent to a traditional degree, Click here to know!

UGC declares a 100% Fee Refund policy for students within a specified period by universities.Click hereto read the full notice.

IGNOU B.Com In Financial & Cost Accounting Syllabus


Foundation Course (ICAI)

Intermediate Course (ICAI)

  • Business Environment
  • Foundation Course in Humanities and Social Sciences
  • Communication Skills in English or English for Business Communication
  • Export Procedures and Documentation
  • Economics and Business Fundamentals
  • Organization & Management Fundamentals
  • Business Mathematics & Statistics Fundamentals
  • Accounting
  • Applied Direct Taxation
  • Applied Indirect Taxation
  • Financial Accounting
  • Operation Management and Information Systems
  • Commercial and Industrial Laws and Auditing
  • Cost & Management Accounting

IGNOU Examination Pattern

The examination pattern followed at IGNOU online for different types of courses are semester mode, i.e., exams are conducted by the university at an interval of 6 months. For online courses, exams are conducted through an AI-proctored tool for an unbiased performance evaluation of students.

Job Roles after B.Com in Financial and Cost Accounting

Commerce and management is the most crucial and revenue-generating industry in the economy, they are the prime contributors to the economic growth of a country and there is always a requirement for a capable and skilled candidate in the industry. There are plenty of job opportunities after completion of the program, a few of them are:

  • Risk analyst
  • Executive Assistant
  • Investment banker
  • Financial assistance
  • Senior Accountant 

The average salary offered to a BCom F & CA graduate is mentioned below with job profiles: 

Job Profile 

Average salary package (in INR)

Financial Analyst

5.8 LPA

Personal Financial Consultant


Tax Consultant

6.7 LPA

Commerce Teacher

2.6 LPA

Financial Risk Manager

3.7 LPA

IGNOU Placement Partners

Students of IGNOU Online are working at

  • Top MNCs all over the world
  • Have high employability percentage over others
  • Are recognized by industries in the international market

Our students work at

  • 50%

    Average Salary Hike

  • 300+

    Hiring Partners

  • 3X

    Increase in Interview Opportunities

    Frequently Asked Questions?

    Bachelor of Commerce in Financial and Cost Accounting is an industry-specific program for developing and enhancing the skills and knowledge of students in the field of finance and cost accounting. 

    The salary for a BCom Financial and Cost Accounting graduate varies from 4-5 LPA, whereas it can start from 2 LPA (minimum) and for an experienced professional it can go up to 20 LPA.

    Yes, earning a degree from IGNOU is valid as the university is approved by UGC-DEB (University Grants Commission-Distance Education Bureau).

    The last date to get admission at IGNOU is 20 October 2023.

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