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B-COM in General Commerce at Azad Degree College
Lucknow, Uttar Pradesh
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About the Specialization
What is General Commerce at Azad Degree College Lucknow?
This General Commerce program at Azad Degree College, affiliated with University of Lucknow, focuses on providing a broad understanding of business principles and practices essential for various industries. It emphasizes foundational knowledge in accounting, economics, law, and management, preparing students for diverse roles in the Indian commercial landscape. The curriculum is designed to meet the growing demand for versatile business graduates across sectors, fostering a comprehensive business acumen.
Who Should Apply?
This program is ideal for fresh graduates from the 10+2 stream, particularly those with a commerce background, seeking entry into the business and financial world. It also suits individuals aiming for government jobs requiring a commerce degree or those aspiring to pursue higher education in management, finance, or law. Strong analytical skills and an interest in economic affairs are beneficial prerequisites for potential students.
Why Choose This Course?
Graduates can expect to find career paths in accounting, banking, financial services, marketing, human resources, and general administration within Indian companies. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, with significant growth potential as experience is gained. The program also serves as a solid foundation for competitive professional certifications like CA, CS, CMA, or MBA entrance examinations.
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations- (Semester 1-2)
Focus on thoroughly understanding core concepts in Financial Accounting, Microeconomics, and Business Statistics. Attend all lectures, take detailed notes, and clarify doubts promptly with faculty. Utilize university library resources and online tutorials for conceptual clarity, ensuring a robust grasp of fundamentals.
Tools & Resources
Textbook exercises, Previous year question papers (Lucknow University), Khan Academy for basic economics, Basic accounting software demos
Career Connection
A strong foundation is crucial for advanced subjects and competitive exams like banking or civil services, which test fundamental commerce knowledge, ensuring long-term academic and career success.
Develop Effective Study Habits and Time Management- (Semester 1-2)
Create a balanced study schedule, allocating specific time slots for each subject. Prioritize difficult topics and practice regularly, especially for numerical subjects. Participate in peer study groups to discuss concepts and solve problems collaboratively, enhancing understanding and retention and preparing for academic rigor.
Tools & Resources
Digital calendars (e.g., Google Calendar), Study planner apps, Peer study groups, University counseling services for academic support
Career Connection
Good time management and disciplined study habits are highly valued transferable skills in professional environments, improving productivity and efficiency in future roles across various industries.
Enhance Communication and Computer Literacy- (Semester 1-2)
Actively participate in Business Communication classes, focusing on both written and oral skills through presentations and report writing. Master basic computer skills, especially MS Office (Word, Excel, PowerPoint), as covered in Computer Fundamentals. Practice email etiquette and effective digital communication for professional interactions.
Tools & Resources
MS Office suite, Online typing tutors, Professional communication workshops, College clubs focused on public speaking
Career Connection
Strong communication and computer skills are indispensable in any modern workplace, making graduates more employable and effective in professional interactions, presentations, and data handling.
Intermediate Stage
Gain Practical Exposure through Case Studies and Internships- (Semester 3-4 (especially summer break after Sem 4))
Actively engage with case studies in subjects like Company Law and Human Resource Management to understand real-world business challenges. Seek short-term internships or summer training programs with local businesses, accounting firms, or NGOs to apply theoretical knowledge in a practical setting, building valuable experience.
Tools & Resources
Industry reports, Business magazines, College placement cell for internship leads, Networking events and job fairs
Career Connection
Practical exposure helps in developing problem-solving skills, understanding industry operations, and building a professional network, which are critical for securing relevant job opportunities and career advancement.
Master Taxation and Regulatory Frameworks- (Semester 3-4)
Develop a thorough understanding of Income Tax Law and Practice and Goods and Services Tax (GST). Regularly follow amendments and changes in tax laws through official government websites and financial news. Practice filing mock tax returns to gain hands-on experience and stay updated on compliance requirements.
Tools & Resources
Income Tax Department website (India), GSTN portal, Financial news portals, Tally software for computerized accounting, Tax consultation firms (for observation)
Career Connection
Expertise in taxation and regulatory compliance is highly sought after in accounting firms, financial institutions, and corporate finance departments, offering specialized and secure career paths in India.
Develop Analytical Skills with Financial Tools- (Semester 3-4)
Focus on developing strong analytical skills through subjects like Cost Accounting and Management Accounting. Learn to interpret financial statements, perform ratio analysis, and prepare fund flow/cash flow statements. Utilize spreadsheet software for financial modeling and data analysis, enhancing quantitative abilities.
Tools & Resources
Microsoft Excel, Financial calculators, Annual reports of public companies, Online financial analysis tutorials and platforms
Career Connection
Analytical skills are vital for roles in finance, auditing, and business analysis, enabling effective decision-making and strategic planning in Indian organizations, improving career prospects.
Advanced Stage
Specialize through Electives and Advanced Project Work- (Semester 5-6)
Choose Discipline Specific Electives and Generic Electives wisely, aligning them with your career aspirations (e.g., finance, marketing, entrepreneurship). Undertake a comprehensive project work in Semester 6, focusing on a real-world business problem, involving extensive research, data collection, and detailed reporting and presentation.
Tools & Resources
Academic journals, Market research tools, Industry experts for mentorship, Statistical software (if applicable), University research databases
Career Connection
Specialization deepens knowledge in a chosen field, making graduates more attractive to employers in specific sectors, while project work showcases research and problem-solving abilities vital for professional roles.
Prepare for Placements and Professional Exams- (Semester 5-6)
Actively participate in placement preparatory activities organized by the college, including mock interviews, resume building workshops, and group discussions. Simultaneously, prepare for competitive professional exams like CA, CS, CMA, or MBA entrance exams, if aspiring for further studies or specific certifications in India.
Tools & Resources
College placement cell resources, Online aptitude test platforms, Professional exam coaching materials, Alumni network for guidance and mentorship
Career Connection
Focused preparation ensures higher chances of securing good placements directly after graduation or successfully clearing entrance exams for higher education and professional qualifications, accelerating career growth.
Cultivate Professional Networking and Leadership- (Semester 5-6)
Attend industry seminars, workshops, and guest lectures to expand your professional network. Join college clubs or student organizations to take on leadership roles, organizing events or initiatives. Develop strong interpersonal skills and professional etiquette crucial for career advancement in Indian corporate culture.
Tools & Resources
LinkedIn for professional networking, Professional associations (e.g., local commerce chambers), College alumni portal, College event management committees
Career Connection
Networking opens doors to new opportunities and mentorship, while leadership experience demonstrates initiative and management potential, highly valued by employers for future leadership roles.
Program Structure and Curriculum
Eligibility:
- Intermediate (10+2) or equivalent examination recognized by the University of Lucknow.
Duration: 3 years / 6 semesters
Credits: 128 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 101 | Business Organization | Core | 4 | Nature of Business, Forms of Business Organization, Business Combinations, Business Size, Business Location and Layout |
| BC 102 | Financial Accounting | Core | 4 | Introduction to Accounting, Accounting Principles, Depreciation, Final Accounts, Accounting for Non-Profit Organizations |
| BC 103 | Micro Economics | Core | 4 | Introduction to Economics, Consumer Behavior, Production and Cost, Market Structures, Factor Pricing |
| BC 104 | Business Communication | Core | 4 | Introduction to Communication, Types of Communication, Written Communication, Oral Communication, Barriers to Communication |
| BC 105 | Computer Fundamentals | Skill Enhancement | 2 | Introduction to Computers, Operating Systems, MS-Office Suite, Internet and Email, Computer Security |
| BC 106 | NCC/NSS/Sports/Cultural Activities | Mandatory | 2 | Physical Fitness, Community Service, Leadership Skills, Event Organization, Teamwork |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 201 | Business Statistics | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers |
| BC 202 | Corporate Accounting | Core | 4 | Share Capital, Debentures, Valuation of Shares and Goodwill, Amalgamation, Absorption and Reconstruction |
| BC 203 | Macro Economics | Core | 4 | National Income, Theories of Employment, Money and Banking, Inflation, Business Cycles |
| BC 204 | Business Regulatory Framework | Core | 4 | Indian Contract Act, Sale of Goods Act, Negotiable Instruments Act, Consumer Protection Act, Foreign Exchange Management Act |
| BC 205 | E-Commerce | Skill Enhancement | 2 | Introduction to E-Commerce, Business Models, E-Payment Systems, E-Security, Legal Aspects of E-Commerce |
| BC 206 | NCC/NSS/Sports/Cultural Activities | Mandatory | 2 | Leadership, Social Responsibility, Physical Well-being, Cultural Appreciation, Event Participation |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 301 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Standard Costing |
| BC 302 | Income Tax Law and Practice | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Heads of Income (Salary, House Property, Business), Deductions from Gross Total Income, Assessment of Individuals |
| BC 303 | Company Law | Core | 4 | Introduction to Company Law, Incorporation of Company, Share Capital and Debentures, Management and Administration, Winding Up of Companies |
| BC 304 | Principles of Marketing | Core | 4 | Introduction to Marketing, Product Decisions, Pricing Decisions, Promotion Decisions, Distribution Decisions |
| BC 305 | Banking and Insurance | Skill Enhancement | 2 | Types of Banks, Central Banking, Commercial Banking, Principles of Insurance, Types of Insurance |
| BC 306 | Value Added Course / Industrial Training | Mandatory | 2 | Practical Exposure, Skill Development, Industry Trends, Report Writing, Presentation Skills |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 401 | Management Accounting | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement |
| BC 402 | Goods and Services Tax | Core | 4 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, GST Procedures |
| BC 403 | Auditing | Core | 4 | Introduction to Auditing, Audit Planning, Internal Control, Vouching and Verification, Audit Report |
| BC 404 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal |
| BC 405 | Computerized Accounting System | Skill Enhancement | 2 | Basics of Tally, Company Creation, Ledgers and Vouchers, Inventory Management, Payroll Management |
| BC 406 | Project Work / Industrial Visit | Mandatory | 2 | Research Methodology, Data Collection, Analysis and Interpretation, Report Writing, Presentation |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 501 | Principles of Management | Core | 4 | Introduction to Management, Planning, Organizing, Staffing, Directing, Controlling |
| BC 502 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting, Cost of Capital, Working Capital Management, Dividend Policy |
| BC 503 | International Business | Core | 4 | Introduction to International Business, Theories of International Trade, Foreign Direct Investment, Global Financial Markets, International Marketing |
| BC DSE-1 | Principles of Investment | Elective (Discipline Specific) | 4 | Investment Avenues, Risk and Return, Equity Analysis, Debt Instruments, Portfolio Management |
| BC DSE-2 | Insurance and Risk Management | Elective (Discipline Specific) | 4 | Principles of Insurance, Life Insurance, General Insurance, Health Insurance, Risk Management Process |
| BC GE-1 | Fundamentals of Entrepreneurship | Elective (Generic) | 4 | Entrepreneurial Process, Business Idea Generation, Business Plan, Sources of Finance, Government Support for Startups |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BC 601 | Indian Economy | Core | 4 | Structure of Indian Economy, Agricultural Sector, Industrial Sector, Service Sector, Economic Reforms |
| BC 602 | Fundamentals of Financial Markets | Core | 4 | Indian Financial System, Money Market, Capital Market, Stock Exchanges, SEBI Regulations |
| BC 603 | Entrepreneurship Development | Core | 4 | Entrepreneurship Environment, Entrepreneurial Motivation, Small Business Management, Project Report Preparation, Institutions Supporting Entrepreneurs |
| BC DSE-1 | Retail Management | Elective (Discipline Specific) | 4 | Introduction to Retailing, Retail Formats, Retail Location, Merchandise Management, Supply Chain in Retail |
| BC DSE-2 | Computer Application in Business (Advanced Excel) | Elective (Discipline Specific) | 4 | Advanced Excel Functions, Data Analysis Tools, Pivot Tables, What-if Analysis, Macros and VBA Basics |
| BC GE-1 | Business Ethics and Corporate Governance | Elective (Generic) | 4 | Ethical Theories in Business, Ethical Dilemmas, Corporate Social Responsibility, Corporate Governance Principles, SEBI Regulations on Governance |
