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B-COM in General at Luipa Mahavidyalaya
Mayurbhanj, Odisha
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About the Specialization
What is GENERAL at Luipa Mahavidyalaya Mayurbhanj?
This B.Com General program at Luipa Mahavidyalaya, affiliated with North Orissa University, focuses on providing a comprehensive understanding of core commerce disciplines essential for the Indian business landscape. It equips students with foundational knowledge in accounting, finance, law, and management, preparing them for diverse roles in the rapidly evolving Indian economy and contributing to the regional workforce.
Who Should Apply?
This program is ideal for recent 10+2 graduates from commerce or science streams who aspire to build a career in finance, accounting, or general business administration within India. It also suits individuals seeking a strong academic base for pursuing professional certifications like CA, CS, or CMA, or higher education such as an MBA or M.Com, emphasizing broad commercial understanding.
Why Choose This Course?
Graduates of this program can expect to find entry-level positions in banking, financial services, accounting firms, and corporate sectors across India. Typical career paths include Junior Accountant, Financial Assistant, Tax Preparer, or Office Administrator, with starting salaries ranging from INR 2.5 LPA to 4.5 LPA, growing with experience and further qualification in the Indian market.
Student Success Practices
Foundation Stage
Master Core Concepts with Practical Examples- (Semester 1-2)
Focus on thoroughly understanding fundamental accounting principles, business law basics, and economic theories. Utilize Indian business case studies and real-world examples from local markets to solidify comprehension, ensuring a strong base for advanced studies and professional examinations.
Tools & Resources
NCERT Commerce books, Online platforms for basic accounting, Economic Times/Business Standard for current affairs, Case studies on Indian companies
Career Connection
Strong fundamentals are crucial for all commerce-related entrance exams (CA, CS, banking) and for entry-level roles in financial analysis and accounting in the Indian context.
Develop Strong Communication and Digital Literacy- (Semester 1-2)
Actively participate in class discussions and presentations to hone verbal communication. Simultaneously, dedicate time to mastering essential software like MS Office (Word, Excel, PowerPoint), which is critical for all office-based roles in modern Indian businesses.
Tools & Resources
College debate clubs, Spoken English courses, Online tutorials for MS Office (e.g., Microsoft Learn), Government-backed digital literacy programs
Career Connection
Essential for effective workplace communication, report writing, and data management tasks, which are universal requirements in any Indian organization.
Engage in Peer Learning and Study Groups- (Semester 1-2)
Form study groups with classmates to discuss difficult topics, solve problems together, and prepare for internal and external assessments. Collaborative learning reinforces understanding and builds teamwork, a vital skill in professional settings.
Tools & Resources
College library discussion rooms, Online collaborative tools like Google Docs, WhatsApp groups for academic discussions, Faculties for guidance
Career Connection
Enhances teamwork, problem-solving abilities, and communication, all highly valued attributes by Indian employers for collaborative work environments.
Intermediate Stage
Apply Knowledge through Mini-Projects and Case Studies- (Semester 3-4)
Actively seek opportunities to apply theoretical knowledge from Income Tax, Financial Management, and Cost Accounting. Participate in departmental mini-projects or analyze real-world company financial statements and tax cases relevant to the Indian economy.
Tools & Resources
Annual reports of Indian companies (BSE/NSE websites), Tax case studies from professional journals, Financial newspapers, NPTEL courses on specific subjects
Career Connection
Develops analytical and problem-solving skills, making candidates more attractive for roles in financial analysis, tax consulting, and cost management in Indian firms.
Build Basic Professional Network and Soft Skills- (Semester 3-4)
Attend college seminars, workshops, and guest lectures by industry professionals. Start honing presentation, negotiation, and time management skills, which are crucial for future internships and job roles in the competitive Indian job market.
Tools & Resources
LinkedIn profiles of alumni and industry experts, Career counseling sessions, College-organized skill development workshops, Books on professional etiquette
Career Connection
Early networking can lead to internship opportunities and mentorship, while strong soft skills are paramount for career progression in India''''s diverse corporate landscape.
Explore Industry-Specific Certifications- (Semester 3-4)
Consider pursuing basic certifications relevant to commerce, such as Tally for accounting software proficiency or NISM certifications for capital market understanding. These add tangible skills immediately valued by Indian employers.
Tools & Resources
Tally Education partners for accounting software, NISM certification website for financial markets, Online platforms offering courses in financial modeling or data analysis
Career Connection
These certifications make students immediately employable in specific roles like accounts executive, data entry operator, or junior analyst in brokerage firms and other financial institutions.
Advanced Stage
Undertake a Comprehensive Internship or Project- (Semester 5-6 (during breaks or dedicated project semester))
Secure an internship with a local CA firm, bank, or small business to gain hands-on experience in auditing, banking, or general business operations in an Indian setting. If an internship isn''''t feasible, undertake a significant research project under faculty guidance.
Tools & Resources
College placement cell, Local business directories, Online internship portals like Internshala, Faculty mentors for project guidance
Career Connection
Practical experience is highly valued by Indian employers, leading to better placement opportunities and a smoother transition into professional life, particularly in regional industries.
Focus on Placement Preparation and Interview Skills- (Semester 5-6)
Dedicate significant time to preparing for campus placements or job applications. This includes resume building, mock interviews, group discussion practice, and revising core subject knowledge relevant to common Indian recruitment processes.
Tools & Resources
Career services department, Online interview preparation platforms (e.g., InterviewBit, Glassdoor), Aptitude test books, Mock GDs with peers and mentors
Career Connection
Directly impacts securing desired job roles in leading companies and financial institutions immediately after graduation, by performing well in typical Indian hiring practices.
Specialize through Advanced Electives and Current Affairs- (Semester 5-6)
Leverage DSE choices to specialize in areas like Auditing, International Business, or Banking. Stay updated on current economic trends, government policies (e.g., budget, RBI policies), and industry news relevant to your chosen specialization in India.
Tools & Resources
Business news channels, Financial newspapers, Economic journals, Specialized online courses related to DSEs
Career Connection
Demonstrates advanced knowledge and analytical capability, positioning graduates for specialized roles and faster career growth in finance, international trade, or compliance within India.
Program Structure and Curriculum
Eligibility:
- No eligibility criteria specified
Duration: 3 years (6 semesters)
Credits: 148 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-1 | Environmental Studies | Ability Enhancement Compulsory Course | 4 | Multidisciplinary Nature of Environmental Studies, Natural Resources, Ecosystems, Biodiversity and its Conservation, Environmental Pollution, Human Population and Environment |
| CC-1 | Financial Accounting | Core Course | 6 | Theoretical Framework of Accounting, Accounting Process (Journal, Ledger, Trial Balance), Business Income and Final Accounts, Accounting for Property, Plant and Equipment, Inventory Valuation Methods, Branch and Departmental Accounts |
| CC-2 | Business Law | Core Course | 6 | Indian Contract Act 1872, Sales of Goods Act 1930, Limited Liability Partnership Act 2008, Information Technology Act 2000, Negotiable Instruments Act 1881, Competition Act 2002 |
| GE-1 | Principles of Microeconomics | Generic Elective | 6 | Introduction to Microeconomics, Consumer Behaviour and Demand Analysis, Production and Cost Analysis, Market Structures (Perfect Competition, Monopoly), Oligopoly and Monopolistic Competition, Factor Pricing |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| AECC-2 | MIL (Oriya/Alternative English/Hindi/Sanskrit) | Ability Enhancement Compulsory Course | 4 | Communication Skills (Verbal & Non-Verbal), Grammar and Vocabulary, Reading Comprehension, Writing Skills (Essay, Report, Letter), Public Speaking, Creative Writing |
| CC-3 | Corporate Accounting | Core Course | 6 | Accounting for Share Capital, Accounting for Debentures, Final Accounts of Companies, Valuation of Goodwill and Shares, Amalgamation and Reconstruction of Companies, Liquidation of Companies |
| CC-4 | Corporate Law | Core Course | 6 | Introduction to Company Law, Incorporation of a Company, Memorandum and Articles of Association, Prospectus and Allotment of Shares, Management and Administration of Company, Winding Up of Companies |
| GE-2 | Business Statistics | Generic Elective | 6 | Introduction to Statistics and Data Collection, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis, Regression Analysis, Index Numbers |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-5 | Income Tax Law and Practice | Core Course | 6 | Basic Concepts of Income Tax, Residential Status and Tax Liability, Income from Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources |
| CC-6 | Management Principles and Applications | Core Course | 6 | Introduction to Management, Planning and Decision Making, Organizing and Departmentation, Staffing and Human Resource Management, Directing (Motivation, Leadership, Communication), Controlling and Coordination |
| CC-7 | Financial Management | Core Course | 6 | Introduction to Financial Management, Time Value of Money, Capital Budgeting Decisions, Cost of Capital, Capital Structure Decisions, Working Capital Management |
| SEC-1 | Computer Applications in Business | Skill Enhancement Course | 4 | Introduction to Computers, Word Processing (MS Word), Spreadsheet Applications (MS Excel), Presentation Tools (MS PowerPoint), Database Management Systems (MS Access), Internet and its Applications |
| GE-3 | Fundamentals of Marketing | Generic Elective | 6 | Introduction to Marketing, Marketing Environment, Consumer and Industrial Buyer Behaviour, Market Segmentation, Targeting and Positioning, Product and Pricing Decisions, Promotion and Distribution Decisions |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-8 | Cost Accounting | Core Course | 6 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Methods of Costing (Job, Batch, Contract), Process and Service Costing |
| CC-9 | E-Commerce | Core Course | 6 | Introduction to E-Commerce, E-Commerce Business Models, E-Payment Systems, E-Security and Privacy Issues, Digital Marketing, Legal and Ethical Aspects of E-Commerce |
| CC-10 | Human Resource Management | Core Course | 6 | Introduction to HRM, Human Resource Planning, Recruitment and Selection, Training and Development, Performance Appraisal, Compensation Management |
| SEC-2 | Company Law Procedures | Skill Enhancement Course | 4 | Meetings of Board and Shareholders, Appointment and Removal of Directors, Charges and Debentures, Allotment of Shares and Share Certificates, Annual Filing and Compliances, Documentation under Company Law |
| GE-4 | Principles of Macroeconomics | Generic Elective | 6 | Introduction to Macroeconomics, National Income Accounting, Determination of Output and Employment, Money and Banking, Inflation and Unemployment, Open Economy Macroeconomics |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-11 | Principles of Marketing | Core Course | 6 | Introduction to Marketing, Marketing Environment Analysis, Consumer and Organizational Buyer Behavior, Market Segmentation, Targeting and Positioning, Product and Brand Management, Pricing Strategies |
| CC-12 | Fundamentals of Investment | Core Course | 6 | Introduction to Investment, Securities Markets (Primary & Secondary), Investment Alternatives, Risk and Return Analysis, Equity and Debt Valuation, Portfolio Management |
| DSE-1 | Auditing and Corporate Governance | Discipline Specific Elective | 6 | Introduction to Auditing, Audit Planning and Internal Control, Vouching and Verification, Company Audit, Audit Report, Corporate Governance |
| DSE-2 | Fundamentals of Banking & Insurance | Discipline Specific Elective | 6 | Introduction to Banking System, Commercial Banks and their Functions, Central Bank (RBI) and Monetary Policy, Introduction to Insurance, Life Insurance Products, General Insurance Products |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CC-13 | GST and Customs Law | Core Course | 6 | Introduction to GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit, Registration and Returns under GST, Customs Law (Basic Concepts) |
| CC-14 | Banking and Insurance | Core Course | 6 | Banking Systems and Functions, Commercial Banking Services, Central Banking and Monetary Policy, Types of Insurance and Principles, Insurance Sector in India, Financial Inclusion |
| DSE-3 | International Business | Discipline Specific Elective | 6 | Introduction to International Business, Theories of International Trade, Foreign Direct Investment, Global Financial Markets, International Marketing, International Human Resource Management |
| DSE-4 | Business Research Methods & Project Work | Discipline Specific Elective | 6 | Introduction to Business Research, Research Design, Methods of Data Collection, Sampling Techniques, Data Analysis and Interpretation, Report Writing and Presentation |
