about B. Com course
Bachelor of Commerce, popularly known as B.Com, is the graduate degree that lets you specialise in commerce. Most students, who have done their 12th standard in commerce, enrol for the B.Com degree. Even arts and science students can switch streams and join the B.com degree after their 12th standard. B.Com is a popular degree with a lot of scope for employment. It also forms a strong base for further education. Theres a lot you can do with a B.Com.
If you are considering getting into B.Com theres a lot more you should know that will help you make an informed decision. You should know about the different types of degrees, specialisations, B.Com with honours, duration of the degree, eligibility, admissions, fees, and career opportunities. Therefore, read on to know all that you need to know about the bachelor of commerce degree.
Great Career Choices: There are many options available for B.Com students after pursuing a B.Com degree such as M.Com, MBA, CA (Chartered Accountant), CS (Company Secretary), MCA and many diploma courses, as well.
Significant improvements in the workplace: Graduation is a testament to the perseverance, determination, ingenuity, and ability to handle challenging positions, all of which are required by those who fill the positions of manager and director. Therefore, after pursuing a B.Com one gets to work in a better environment than he or she normally would.
Large Areas of Work: After graduating from B.Com the student has a great choice in various fields where they can test their inner talent. They can be a part of financial planning, accounting, banking, so on and so forth depending on one’s interests and preferences.
Aspirants seeking to build their careers in Commerce streams can opt various specializations offered for B.Com. The specialisations range from accountancy, taxation, management. These specialisations vary from one institute to another. Bachelor of Commerce specialization will decide the direction of the career path. It is on the students whether they want to pursue the career in accountancy or taxation or banking. They have to choose their specialization according to their interest in the respective field. The popular B.Com specializations include:
Accounting and Finance – Financial accounting is a particular type of accounting that includes a method of documenting, summarising and reporting for a period of time the multitude of transactions arising from business operations. Such transactions are outlined in the preparation of financial statements which document the operating results of the company over a specified period, including the balance sheet , income statement, and cash flow statement.
Taxation –The course includes the study of accounting, financial planning and economic theory concepts as well as a detailed emphasis on taxation, which is called a method of taxing people who earn ‘taxable’ money. To put it another way, B.Com. (Taxation) is a degree program in which, aside from a general course study in Commerce, the main emphasis is on the systematic study of principles in the fields of taxation and specific subjects.
Auditing- Financial auditing is the process of examining the financial records of an organization (or individual) to determine whether they are accurate and in line with any applicable rules, regulations, and laws. External auditors come to examine accounting and financial records from outside the organization and provide an independent opinion on those records. Law requires all public companies to have external audits of their financial statements. Internal auditors work as internal employees for the organization to examine records and help improve internal processes such as operations, internal controls , risk management and governance.
Banking and Insurance– The course was designed to bring together trained professionals who can handle various banking and insurance related financial activities, effectively operate in the banking and insurance environment within the financial services sector and manage the various banking and insurance technologies used.