What is Commerce?
Commerce refers to the buying and selling of goods and services for money or in kind. It is a branch of business that includes all the processes that have to do with the exchange of products and services. The term Commerce usually refers to doing business on a large scale. Specifically, on a scale large enough to require transportation from seller to buyer. The transportation may be across the town, a state or between countries.
Few lines about B.Com (Finance & Accountancy)
B.Com (Finance & Accountancy) is a 3-years undergraduate course that is divided into 6-semesters. The course teaches the fundamentals of finance and accountancy practices. Through this course the students can learn technical skills associated with many of the procedures of finance analysis and accounting standards.
The course includes subjects like income tax, business economics, commercial law, banking theory, financial accountancy and many others. The course trains the students on the aspects of accountancy and finance aspects.
Eligibility for B.Com Finance and Accountancy
The students who have passed their PUC or 10+2 in any stream with 50% aggregate from a recognised board are eligible to apply for B.Com Finance & Accountancy.
Admission Procedure
The students with relevant qualifications can join the B.Com (Finance and Accountancy) course by two modes. The first one is Merit based admission and the second one is direct admission.
Let’s discuss in detail
1. Merit Admission
There are many top educational institutes that conduct entrance exams for the B.Com (Finance and Accountancy) course. This mode is called merit admission mode. The entrance exams are conducted to select the serious and hardworking students from the group of non-serious candidates to the available limited number of seats in the colleges. The qualified students are allotted the merit seats and are given admission, the fees are fairly nominal for merit admissions.
2. Direct Admission
The students have another option of getting admission to B.Com (Finance and Accountancy) course by direct admission process. Under this mode of admission, the students are given direct admission to their desired colleges under management quota. The direct admission students enjoy many special privileges like they are not required to apply for any institution-based entrance exam for getting admissions. They have an option to choose their desired colleges and book their seats even before the starting of the academic year. The students who are interested in direct admissions are required to contact Galaxy Educational Services for more details.
Course Curriculum for B.Com (Finance and Accountancy)
|
Sl No |
Subjects of Study |
|---|---|
|
1. |
Financial Accounting |
|
2. |
Business Organisation |
|
3. |
Business Economics |
|
4. |
Corporate Accounting |
|
5. |
Business Statistics |
|
6. |
Commercial Law & Industrial Law |
|
7. |
Banking Theory, Law and Relations |
|
8. |
Business Environment |
|
9. |
Business Finance |
|
10. |
Auditing |
|
11. |
Income Tax |
|
12. |
Cost Accounting |
|
13. |
Accounting & Management |
|
14. |
Principles Management |
|
15. |
Business Communication |
|
16. |
Managerial Economics |
|
17. |
Banking Services |
|
18. |
Indian Economy |
|
19. |
Advanced Company Accounts |
|
20. |
Principles of Finance |
|
21. |
Legal System in Business |
|
22. |
Marketing |
|
23. |
Business Solutions |
|
24. |
Corporate Finance |
|
25. |
Insurance and Risk Management |
|
26. |
Entrepreneurial Development |
|
27. |
Business Statistics |
|
28. |
Organisational Behaviour |
|
29. |
Bank Credit Management |
|
30. |
Practical Cost Accounting |
|
31. |
Income Tax Law and Practice |
|
32. |
Research Methodology |
|
33. |
Computer Applications in Accounting |
|
34. |
Financial Management |
|
35. |
Customer Relationship Management |
|
36. |
Introduction to Mutual Fund Analysis |
|
37. |
Practical Auditing |
|
38. |
Environmental Studies |
|
39. |
Management Accounting & Practice |
|
40. |
Investment Analysis and Portfolio Management |
|
41. |
Working Capital Management |
|
42. |
Financial Derivatives and Risk Management |
|
43. |
Development of Small Business |
Career and Scope
On the successful completion of B.Com (Finance & Accounting), the students will be capable to work in banking and financial sector. The B.Com (Finance & Accounting) students can find ample job opportunities across different organisations of different sectors.
Job Role
Some of the important job roles available are:
- Business Assistant
- Business Adviser
- Banking Executive
- Bank Manager
- Market Analyst
- Accountant
Salary and Emoluments
The fresh B.Com (Finance & Accountancy) students will be earning around 4 lakhs to 6 lakhs per annum. The experienced professionals will be earning around 6 lakhs to 8 lakhs per annum.
Top Organisations hiring B.Com (Finance and Accountancy) students
Some of the top organisations hiring B.Com (Finance & Accountancy) students are:
- HDFC Bank
- ICICI Bank
- Axis Bank
- HSBC Bank
- Citi Bank
Final Lines
The finance and accountancy section has always been in news when it comes for job opportunities. There are ample job opportunities for B.Com (Finance & Accountancy) students. They are hired generally in banks and financial institutions and are paid decently. The B.Com (Finance & Accountancy) students also have excellent career growth opportunities in the field. The students interested in banking and accounting sector can join B.Com (Finance & Accountancy).