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B-COM in General at Guru Gobind Singh College of Management & Technology
Sri Muktsar Sahib, Punjab
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About the Specialization
What is General at Guru Gobind Singh College of Management & Technology Sri Muktsar Sahib?
This B.Com. (General) program at Guru Gobind Singh College of Management & Technology, affiliated with Punjabi University, focuses on providing a comprehensive understanding of core business principles. It covers key areas like accounting, finance, economics, law, and management, preparing students for diverse roles in India''''s growing commercial and industrial sectors. The curriculum is designed to meet the evolving demands of the Indian job market, emphasizing practical knowledge and ethical business practices.
Who Should Apply?
This program is ideal for 10+2 graduates seeking a foundational understanding of commerce and business. It attracts students aspiring to enter entry-level roles in finance, accounting, banking, or general management. It is also suitable for those looking to pursue higher education like M.Com., CA, CS, or MBA, providing a strong academic base for future professional qualifications.
Why Choose This Course?
Graduates of this program can expect to secure roles as accountants, auditors, financial analysts, tax consultants, and banking professionals in India. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth potential in sectors like financial services, manufacturing, and IT/ITES. The program also aligns with foundational knowledge required for certifications like Chartered Accountancy (CA) and Company Secretary (CS).
Student Success Practices
Foundation Stage
Build Strong Conceptual Foundations- (Semester 1-2)
Focus on understanding core concepts in Financial Accounting, Business Economics, and Commercial Laws. Create summary notes, diagrams, and flowcharts for complex topics. Regularly review previous year''''s questions for Punjabi University examinations to grasp assessment patterns.
Tools & Resources
Textbooks prescribed by Punjabi University, Online tutorials (e.g., YouTube channels for B.Com topics), Study groups with peers
Career Connection
A solid foundation in these subjects is crucial for advanced courses and forms the backbone for roles in accounting, taxation, and financial analysis.
Enhance Communication Skills- (Semester 1-2)
Actively participate in English communication classes, focusing on written reports, presentations, and group discussions. Practice spoken English regularly to build confidence. For Punjabi compulsory, concentrate on improving language proficiency for effective regional communication.
Tools & Resources
English grammar books, Newspapers (The Tribune, Indian Express), Communication skills workshops (if available), Punjabi language learning apps
Career Connection
Effective communication is a vital soft skill valued across all industries in India, improving employability and career progression.
Develop Basic Computer Literacy- (Semester 1-2)
Pay close attention to computer application courses, focusing on practical skills in MS-Office (Word, Excel, PowerPoint). Practice creating documents, spreadsheets for calculations, and effective presentations to build essential workplace skills.
Tools & Resources
MS-Office suite, Online tutorials for Excel functions, College computer lab facilities
Career Connection
Proficiency in MS-Office is a basic requirement for almost every entry-level commerce job in India, from office administration to data entry and reporting.
Intermediate Stage
Master Accounting and Taxation Fundamentals- (Semester 3-4)
Deep dive into Corporate Accounting, Cost Accounting, and Income Tax Law. Solve numerous practical problems from textbooks and reference guides. Consider using accounting software like Tally for practical exposure during Computer Applications in Business.
Tools & Resources
Reference books for numerical problems (e.g., M.C. Shukla, S.N. Maheshwari), Tally ERP.9 software (trial/educational version), Taxmann publications for tax laws
Career Connection
Strong command over accounting and taxation is a direct pathway to roles as accountants, junior auditors, and tax preparers in Indian firms.
Engage with Statistical Analysis- (Semester 3-4)
Develop a strong understanding of statistical methods and their application in business. Practice data analysis using Excel functions. This will build analytical skills crucial for informed decision-making.
Tools & Resources
MS-Excel for statistical analysis, Statistics textbooks (e.g., S.P. Gupta), Online data analysis courses
Career Connection
Analytical skills are highly sought after in market research, financial analysis, and business intelligence roles across various Indian industries.
Explore Entrepreneurial Ideas and E-commerce- (Semester 4-5)
Begin exploring potential business ideas and understand the nuances of e-commerce. Participate in college business plan competitions or workshops. Learn about government schemes like Startup India for budding entrepreneurs.
Tools & Resources
Startup India portal, Online resources for business plan templates, Local industry associations, Case studies of Indian e-commerce businesses
Career Connection
Fosters an entrepreneurial mindset, preparing students for self-employment or roles in fast-growing e-commerce businesses and startups in India.
Advanced Stage
Gain Practical Exposure in GST and Financial Systems- (Semester 5-6)
Focus on practical applications of Goods & Service Tax (GST) by understanding filing procedures and compliance. Research current trends in the Indian Financial System. Attend webinars or seminars on financial markets and banking technologies.
Tools & Resources
GST portal for latest updates, Financial newspapers (Economic Times, Business Standard), RBI website for financial regulations
Career Connection
Prepares students for roles in indirect taxation, financial consulting, and banking, which are high-demand sectors in India.
Prepare for Placements and Professional Exams- (Semester 6)
Actively participate in campus placement drives. Prepare a polished resume and practice interview skills. For those aspiring for CA/CS/CMA, start preliminary preparation for relevant papers, focusing on subjects like Financial Management, Corporate Accounting, and Law.
Tools & Resources
College placement cell services, Online mock interview platforms, Study material for professional courses (e.g., ICAI, ICSI, ICMAI)
Career Connection
Directly enhances chances of securing desired jobs or smoothly transitioning into professional qualification programs in India.
Develop Industry-Relevant Skills in HR and International Business- (Semester 6)
Understand the principles of Human Resource Management and explore global business trends. Work on projects that require analyzing HR policies or international market entry strategies. Read business magazines to stay updated on current affairs relevant to these fields.
Tools & Resources
Business magazines (Business Today, Forbes India), HR management books, Case studies on Indian multinational corporations
Career Connection
Opens avenues for careers in HR departments of various companies or provides an understanding crucial for businesses looking to expand globally, especially relevant for Indian companies.
Program Structure and Curriculum
Eligibility:
- A candidate who has passed 10+2 examination of the Punjab School Education Board or an equivalent examination with at least 40% marks in aggregate shall be eligible to join B.Com. First Semester.
Duration: 3 years / 6 semesters
Credits: 132 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC-101 | Financial Accounting - I | Core | 4 | Introduction to Accounting, Accounting Concepts & Conventions, Accounting Process & Journal Entry, Ledger, Trial Balance & Rectification of Errors, Final Accounts of Sole Proprietorship, Consignment & Joint Venture Accounts |
| BCC-102 | Business Economics - I | Core | 4 | Nature and Scope of Business Economics, Demand Analysis, Elasticity of Demand, Theory of Production, Theory of Cost, Market Structures |
| BCC-103 | Commercial Laws - I | Core | 4 | Indian Contract Act, 1872: Nature and Kinds of Contracts, Consideration and Capacity of Parties, Free Consent and Legality of Object, Performance and Discharge of Contract, Special Contracts: Indemnity, Guarantee, Bailment, Pledge, Agency |
| BCC-104 | Principles of Business Management | Core | 4 | Nature and Significance of Management, Functions of Management: Planning, Organizing & Staffing, Directing: Motivation and Leadership, Controlling, Coordination |
| BCC-105 | Communication Skills in English - I | Core | 3 | Fundamentals of Communication, Vocabulary Building, Reading Comprehension, Writing Skills: Paragraphs, Letters, Grammar: Tenses, Prepositions, Listening Skills |
| BCC-106 | Punjabi (Compulsory) / Basic Punjabi (Mudhli Punjabi) | Core | 3 | Gurmukhi Orthography & Vocabulary, Paragraph Writing & Comprehension, Essay Writing, Translation (English to Punjabi), Grammar (Mudhli Punjabi only), Cultural Aspects (Compulsory Punjabi) |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC-201 | Financial Accounting - II | Core | 4 | Company Final Accounts, Branch Accounts, Departmental Accounts, Accounting for Dissolution of Partnership Firm, Hire Purchase System, Instalment Payment System |
| BCC-202 | Business Economics - II | Core | 4 | National Income: Concepts and Measurement, Money and Banking, Inflation and Deflation, Fiscal Policy, Monetary Policy, International Trade |
| BCC-203 | Commercial Laws - II | Core | 4 | Sale of Goods Act, 1930: Contract of Sale, Conditions and Warranties, Transfer of Property, Rights of Unpaid Seller, Negotiable Instruments Act, 1881: Promissory Notes, Bills of Exchange, Cheques, Negotiation and Discharge |
| BCC-204 | Fundamentals of Marketing Management | Core | 4 | Introduction to Marketing, Marketing Environment, Consumer Behaviour, Product Decisions, Pricing Decisions, Promotion and Distribution Channels |
| BCC-205 | Communication Skills in English - II | Core | 3 | Advanced Grammar, Formal Letter Writing, Report Writing, Resume and Cover Letter, Group Discussion Skills, Interview Techniques |
| BCC-206 | Environment Studies | Core | 3 | Multidisciplinary Nature of Environmental Studies, Natural Resources: Forest, Water, Mineral, Food, Energy, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Social Issues and the Environment |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC-301 | Corporate Accounting - I | Core | 4 | Issue and Forfeiture of Shares, Issue of Debentures, Redemption of Debentures, Underwriting of Shares and Debentures, Valuation of Goodwill, Valuation of Shares |
| BCC-302 | Cost Accounting - I | Core | 4 | Introduction to Cost Accounting, Cost Concepts and Classifications, Material Cost Control, Labour Cost Control, Overheads: Classification and Apportionment, Methods of Costing: Job and Contract Costing |
| BCC-303 | Company Law | Core | 4 | Introduction to Company Law, Types of Companies, Memorandum and Articles of Association, Prospectus, Share Capital and Debentures, Company Meetings and Resolutions |
| BCC-304 | Statistical Methods | Core | 4 | Introduction to Statistics, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers |
| BCC-305 | Principles of Insurance | Core | 3 | Introduction to Insurance, Principles of Insurance, Life Insurance, Fire Insurance, Marine Insurance, Health Insurance |
| BCC-306 | Computer Applications in Business - I (Theory) | Core | 3 | Introduction to Computers and Operating Systems, MS-Word, MS-Excel: Data Entry and Formulas, MS-Excel: Functions and Charts, MS-PowerPoint, Computer Networks and Internet |
| BCC-307 | Computer Applications in Business - I (Practical) | Lab | 0 | Practical applications of MS-Word features, Practical applications of MS-Excel for data analysis, Creating presentations using MS-PowerPoint, Internet browsing and email usage, Basic troubleshooting of computer systems |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC-401 | Corporate Accounting - II | Core | 4 | Accounting for Amalgamation, Accounting for Internal Reconstruction, Liquidation of Companies, Cash Flow Statement (AS-3), Financial Statement Analysis, Segment Reporting |
| BCC-402 | Cost Accounting - II | Core | 4 | Process Costing, Operating Costing, Reconciliation of Cost and Financial Accounts, Budgetary Control, Standard Costing, Marginal Costing and Break-Even Analysis |
| BCC-403 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Audit Planning and Internal Control, Vouching and Verification of Assets & Liabilities, Audit Report, Company Audit |
| BCC-404 | Income Tax Law - I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains |
| BCC-405 | E-Commerce | Core | 3 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, E-Marketing and Advertising, Security and Ethical Issues in E-Commerce, Cyber Laws in India |
| BCC-406 | Computer Applications in Business - II (Theory) | Core | 3 | Database Management Systems (DBMS) concepts, Introduction to Tally ERP.9, Creating Ledgers and Vouchers in Tally, Inventory Management in Tally, Payroll in Tally, Generating Reports in Tally |
| BCC-407 | Computer Applications in Business - II (Practical) | Lab | 0 | Practical usage of Tally ERP.9 for accounting entries, Inventory management through Tally, Payroll processing in Tally, Generating various financial reports from Tally, Database creation and querying using MS-Access |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC-501 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Financial Statement Analysis, Fund Flow Statement, Cash Flow Statement, Ratio Analysis, Budgetary Control |
| BCC-502 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Markets (Money Market, Capital Market), Financial Institutions (Banks, NBFCs), RBI and Monetary Policy, SEBI and Capital Market Regulation, Insurance Sector in India |
| BCC-503 | Goods & Service Tax (GST) | Core | 4 | Introduction to GST, Concept of Supply, Levy and Collection of GST, Input Tax Credit, Registration and Returns under GST, Customs Act |
| BCC-504 | Corporate Governance & Social Responsibility | Core | 4 | Concept and Significance of Corporate Governance, Board of Directors and their Role, Committees of the Board, Corporate Social Responsibility (CSR) in India, Stakeholder Theory, Ethical Governance Practices |
| BCC-505 | Entrepreneurship Development | Core | 3 | Concept of Entrepreneurship, The Entrepreneurial Process, Business Idea Generation, Business Plan Formulation, Sources of Finance for Start-ups, Government Policies for Entrepreneurship in India |
| BCC-506 | Operation Research | Core | 3 | Introduction to Operations Research, Linear Programming Problems, Transportation Problem, Assignment Problem, Network Analysis (PERT/CPM), Decision Theory |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCC-601 | Financial Management | Core | 4 | Introduction to Financial Management, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Capital Structure Theories, Dividend Policy |
| BCC-602 | International Business | Core | 4 | Nature and Scope of International Business, Theories of International Trade, Modes of Entry into International Business, Foreign Exchange Market, International Financial Institutions (IMF, World Bank), WTO and Global Trade |
| BCC-603 | Human Resource Management | Core | 4 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| BCC-604 | Direct Tax Law | Core | 4 | Income Tax Law: Previous Year, Assessment Year, Income from Other Sources, Clubbing of Income, Set off and Carry Forward of Losses, Deductions from Gross Total Income, Assessment Procedures |
| BCC-605 | Banking and Financial Services | Core | 3 | Evolution of Banking in India, Commercial Banks: Functions and Operations, Central Banking (RBI), Digital Banking and Fintech, Mutual Funds, Merchant Banking and Factoring |
| BCC-606 | Industrial Law | Core | 3 | Factories Act, 1948, Payment of Wages Act, 1936, Minimum Wages Act, 1948, Employees'''' Provident Funds and Miscellaneous Provisions Act, 1952, Workmen''''s Compensation Act, 1923, Industrial Disputes Act, 1947 |
