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B-COM in General at Lala Lilu Ram Educational Trust
Solan, Himachal Pradesh
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About the Specialization
What is General at Lala Lilu Ram Educational Trust Solan?
This Bachelor of Commerce B.Com program at Lala Lilu Ram Educational Trust, affiliated with Himachal Pradesh University, offers a comprehensive foundation in commerce, finance, and business management. It is designed to equip students with essential analytical, communication, and problem-solving skills crucial for the Indian business landscape. The curriculum is tailored to meet the evolving demands of various industries, emphasizing both theoretical knowledge and practical application, preparing graduates for diverse roles in the vibrant Indian economy.
Who Should Apply?
This program is ideal for recent 10+2 graduates with a strong interest in business, finance, and accounting who aspire to build a career in the commercial sector. It also caters to individuals seeking a strong academic base before pursuing professional qualifications like CA, CS, or MBA. The curriculum suits those who are keen to understand the intricacies of Indian markets, corporate operations, and economic policies, preparing them for entry-level to mid-management roles.
Why Choose This Course?
Graduates of this program can expect to pursue various career paths in India, including roles as accountants, financial analysts, tax consultants, marketing executives, and human resource specialists across private and public sectors. Entry-level salaries typically range from INR 2.5 LPA to 4.5 LPA, with significant growth trajectories for experienced professionals. The program also lays a strong foundation for higher studies and professional certifications, enhancing employability in India''''s competitive job market.
Student Success Practices
Foundation Stage
Master Fundamental Accounting and Economic Principles- (Semester 1-2)
Dedicate time to thoroughly understand core concepts in Financial Accounting, Business Organization, and Microeconomics. Utilize textbook exercises, online tutorials from platforms like ''''Investopedia'''' or ''''Khan Academy'''', and peer study groups to clarify doubts and build a strong theoretical base. Active participation in class discussions and seeking help from faculty are also crucial during this stage.
Tools & Resources
Textbooks, Investopedia, Khan Academy, Peer Study Groups
Career Connection
A strong foundation ensures clarity for advanced subjects and critical thinking for future financial and business analysis roles, leading to better performance in campus placements for entry-level positions.
Develop Essential Communication and Digital Literacy Skills- (Semester 1-2)
Actively engage in English Communication classes to refine written and verbal skills. Simultaneously, gain proficiency in basic computer applications like MS-Office (Word, Excel, PowerPoint) through dedicated practice and online courses from ''''Coursera'''' or ''''NPTEL''''. Participate in workshops on presentation skills and business etiquette.
Tools & Resources
Coursera, NPTEL, MS-Office Suite, College Workshops
Career Connection
Effective communication and digital literacy are non-negotiable skills for any corporate role in India, improving employability and effectiveness in interviews and job performance.
Build a Strong Academic Network and Seek Mentorship- (Semester 1-2)
Connect with seniors, faculty members, and alumni to understand career paths and gain insights into academic and industry expectations. Form study groups to collaborate on assignments and prepare for exams. Actively seek mentorship from professors for academic guidance and career advice, especially concerning choices for generic electives.
Tools & Resources
Departmental Events, Alumni Network, Faculty Office Hours
Career Connection
A robust network can open doors to internships, provide valuable career advice, and offer references, which are vital for navigating the Indian job market successfully.
Intermediate Stage
Gain Practical Exposure through Internships and Projects- (Semester 3-4)
Seek short-term internships during summer breaks with local accounting firms, small businesses, or NGOs to apply theoretical knowledge in areas like taxation, accounting, or marketing. Work on mini-projects related to Income Tax, GST, or Business Statistics. Platforms like ''''Internshala'''' can be valuable for finding opportunities.
Tools & Resources
Internshala, Local Businesses, Project Guides
Career Connection
Practical experience enhances resumes, provides industry insights, and develops problem-solving skills, making students more attractive to potential employers for placements in India.
Specialize Skills and Participate in Competitions- (Semester 3-4)
Choose Discipline Specific Electives wisely based on career interests (e.g., finance, marketing, accounting). Participate in inter-college competitions like business quizzes, case study challenges, or debate competitions. Use platforms like ''''Dare2Compete'''' to find relevant events and test acquired skills.
Tools & Resources
Dare2Compete, Industry Journals, Specialized Workshops
Career Connection
Specialized skills and competition wins demonstrate initiative and competence, distinguishing candidates in placement drives and opening doors to niche roles in the Indian corporate sector.
Enhance Quantitative and Analytical Abilities- (Semester 3-4)
Focus on strengthening quantitative skills through Business Statistics, Cost Accounting, and Advanced Excel. Practice regularly with numerical problems and real-world data sets. Explore online resources like ''''Udemy'''' or ''''edX'''' for courses on data analysis or financial modeling to build analytical prowess.
Tools & Resources
Udemy, edX, Excel practice datasets
Career Connection
Strong analytical and quantitative skills are highly valued in finance, consulting, and data-driven roles, leading to better opportunities and higher starting salaries in India.
Advanced Stage
Prepare Rigorously for Placements and Professional Exams- (Semester 5-6)
Attend campus placement training sessions, mock interviews, and group discussions. Prepare a compelling resume and cover letter. Simultaneously, if pursuing professional courses like CA, CS, CMA, or MBA, start early preparation. Utilize career services for guidance on interview techniques and company research relevant to the Indian market.
Tools & Resources
College Career Services, Mock Interview Platforms, Professional Coaching Institutes
Career Connection
Comprehensive preparation significantly increases the chances of securing desirable placements and succeeding in competitive professional examinations, crucial for career advancement in India.
Undertake a Comprehensive Industry Project or Research- (Semester 5-6)
Engage in a significant project or research work, possibly for the Project Work/Viva Voce paper. Choose a topic relevant to current industry trends in India (e.g., impact of digitalization on banking, GST implications for SMEs) and conduct thorough research, data collection, and analysis. Present findings effectively.
Tools & Resources
Research Databases, Industry Reports, Faculty Supervision
Career Connection
A well-executed project demonstrates research capabilities, practical application of knowledge, and problem-solving aptitude, which are highly regarded by recruiters for job roles in India.
Develop Leadership and Teamwork through Extracurriculars- (Semester 5-6)
Take on leadership roles in student clubs, college events, or community service initiatives. This helps in developing teamwork, delegation, and organizational skills. Actively participate in organizing academic and cultural fests, demonstrating initiative and management capabilities.
Tools & Resources
Student Clubs, College Event Committees, NGO Volunteering
Career Connection
Employers in India value candidates who exhibit strong leadership potential and can work effectively in teams, showcasing these qualities enhances readiness for managerial and collaborative roles.
Program Structure and Curriculum
Eligibility:
- 10+2 examination with Commerce, or 10+2 with Science/Arts with Mathematics as one of the subjects, with at least 45% marks (40% for SC/ST candidates) from a recognized Board/University.
Duration: 3 years (6 semesters)
Credits: 156 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC1 | Financial Accounting | Core | 6 | Accounting Principles and Standards, Recording Business Transactions, Preparation of Final Accounts, Accounting for Not-for-Profit Organisations, Consignment and Joint Venture Accounts |
| CC2 | Business Organization and Management | Core | 6 | Introduction to Business Concepts, Forms of Business Organization, Principles of Management, Planning and Decision Making, Organizing, Staffing, Directing, and Controlling |
| CC3 | Micro Economics | Core | 6 | Demand and Supply Analysis, Consumer Behaviour (Utility, Indifference Curve), Production and Cost Analysis, Market Structures (Perfect Competition, Monopoly), Factor Pricing and Income Distribution |
| AECC1 | English Communication | Ability Enhancement Compulsory Course | 4 | Theory of Communication, Language and Communication Skills, Reading Comprehension, Writing Skills (Reports, Emails), Speaking Skills (Presentations, Group Discussions) |
| GE1 | Principles of Marketing | Generic Elective | 6 | Marketing Concepts and Environment, Market Segmentation and Targeting, Product Decisions and Life Cycle, Pricing Strategies, Promotion and Distribution Channels |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC4 | Business Laws | Core | 6 | Indian Contract Act, 1872, Sale of Goods Act, 1930, Negotiable Instruments Act, 1881, Consumer Protection Act, 2019, Indian Partnership Act, 1932 |
| CC5 | Corporate Accounting | Core | 6 | Issue and Forfeiture of Shares and Debentures, Redemption of Preference Shares and Debentures, Underwriting of Shares, Amalgamation and Reconstruction of Companies, Accounts of Holding Companies |
| CC6 | Macro Economics | Core | 6 | National Income Accounting, Theories of Employment and Output, Money and Banking (Central and Commercial), Inflation and Deflation, Open Economy Macroeconomics |
| AECC2 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Natural Resources and Ecosystems, Environmental Pollution and Control, Biodiversity and Conservation, Environmental Policies and Practices, Human Population and Environment |
| GE2 | Fundamentals of Investment | Generic Elective | 6 | Investment Avenues and Objectives, Risk and Return Analysis, Equity and Debt Securities, Mutual Funds, Primary and Secondary Markets |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC7 | Income Tax Law and Practice | Core | 6 | Basic Concepts of Income Tax, Heads of Income (Salaries, House Property), Profits and Gains of Business or Profession, Capital Gains and Other Sources, Deductions, Set-off, and Carry-forward of Losses |
| CC8 | Company Law | Core | 6 | Types of Companies and Formation, Memorandum and Articles of Association, Share Capital and Debentures, Management and Administration (Directors, Meetings), Winding Up of Companies |
| CC9 | Business Statistics | Core | 6 | Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Skewness, Kurtosis, Correlation and Regression Analysis, Index Numbers and Time Series Analysis |
| SEC1 | Computer Applications in Business | Skill Enhancement Course | 4 | MS-Word for Business Documents, MS-Excel for Data Analysis, MS-PowerPoint for Presentations, Introduction to Database Management Systems, Internet and E-Commerce Basics |
| GE3 | Digital Marketing | Generic Elective | 6 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Search Engine Marketing (SEM), Social Media Marketing, Email Marketing and Content Marketing |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC10 | Goods and Services Tax (GST) & Customs Law | Core | 6 | Introduction to GST in India, Levy and Collection of GST, Input Tax Credit Mechanism, GST Returns and Procedures, Overview of Customs Law |
| CC11 | Cost Accounting | Core | 6 | Cost Concepts and Classification, Cost Sheet Preparation, Material Costing and Inventory Control, Labour Costing and Overhead Accounting, Activity Based Costing |
| CC12 | Indian Economy | Core | 6 | Characteristics of Indian Economy, Economic Planning in India, Agriculture and Industrial Sector, Service Sector and Infrastructure, Economic Reforms and Challenges |
| SEC2 | Entrepreneurship | Skill Enhancement Course | 4 | Concept and Process of Entrepreneurship, Creativity and Business Idea Generation, Business Plan Preparation, Sources of Finance for Startups, Legal and Regulatory Framework for New Ventures |
| GE4 | Business Ethics & CSR | Generic Elective | 6 | Introduction to Business Ethics, Ethical Decision Making in Business, Corporate Social Responsibility (CSR) Concepts, Models of CSR and Stakeholder Theory, Ethics in Marketing and Finance |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC13 | Auditing and Corporate Governance | Core | 6 | Introduction to Auditing, Types of Audit and Audit Process, Internal Control System, Audit Report and Professional Ethics, Concepts of Corporate Governance |
| DSE1 | Management Accounting | Discipline Specific Elective | 6 | Marginal Costing and Break-Even Analysis, Budgetary Control, Standard Costing and Variance Analysis, Fund Flow and Cash Flow Statements, Responsibility Accounting |
| DSE2 | Financial Markets and Institutions | Discipline Specific Elective | 6 | Money Market and Capital Market, Financial Instruments (Bonds, Shares, Derivatives), Commercial Banks and Investment Banks, Mutual Funds and Insurance Companies, Regulatory Bodies (SEBI, RBI) |
| SEC3 | Advanced Excel | Skill Enhancement Course | 4 | Advanced Functions (Lookup, Conditional, Text), Data Validation and Conditional Formatting, Pivot Tables and Charts for Analysis, Data Analysis Tools (Goal Seek, Solver), Macros and VBA Basics |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC14 | Financial Management | Core | 6 | Introduction to Financial Management, Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Dividend Policy |
| DSE3 | Security Analysis & Portfolio Management | Discipline Specific Elective | 6 | Investment Environment and Security Markets, Fundamental and Technical Analysis, Equity and Bond Valuation, Portfolio Theory and Construction, Portfolio Performance Evaluation |
| DSE4 | International Business | Discipline Specific Elective | 6 | Theories of International Trade, Balance of Payments, Foreign Exchange Market, International Financial Markets, Global Business Environment and Organizations |
| SEC4 | Business Analytics | Skill Enhancement Course | 4 | Introduction to Business Analytics, Data Mining and Data Warehousing, Predictive Modeling Techniques, Data Visualization Tools, Big Data Concepts and Applications |
