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B-COM-PROFESSIONAL in General at Rayat Institute of Management
Shahid Bhagat Singh Nagar, Punjab
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About the Specialization
What is General at Rayat Institute of Management Shahid Bhagat Singh Nagar?
This B.Com (Professional) program at Rayat Institute of Management focuses on providing a comprehensive understanding of core commerce disciplines with a professional orientation. Designed to equip students with practical skills and theoretical knowledge, it prepares them for diverse roles in India''''s dynamic financial and business sectors. The curriculum emphasizes analytical thinking, problem-solving, and a strong ethical foundation crucial for professional success in the Indian market.
Who Should Apply?
This program is ideal for fresh graduates from a 10+2 background, particularly those with a Commerce, Non-Medical, or Medical stream, seeking entry into the professional business world. It caters to individuals aspiring for careers in accounting, finance, banking, taxation, and general management within Indian corporations or aiming to establish their own ventures. Ambitious students looking for a robust foundation before pursuing higher professional qualifications like CA, CS, or MBA will also find this program beneficial.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths such as Accountants, Financial Analysts, Tax Consultants, Auditors, Business Development Executives, and roles in banking and insurance. Entry-level salaries in India typically range from INR 2.5 to 4.5 lakhs per annum, with significant growth trajectories for experienced professionals. The curriculum aligns with requirements for various professional certifications and governmental accounting roles, enhancing career prospects in the competitive Indian job market.
Student Success Practices
Foundation Stage
Master Core Accounting & Business Fundamentals- (Semester 1-2)
Dedicate significant effort to thoroughly understand Financial Accounting-I & II, Business Organization, and Business Economics. Utilize textbooks, online tutorials, and practice problems regularly. Join peer study groups to clarify concepts and discuss complex scenarios, solidifying your foundational knowledge for all subsequent commerce studies.
Tools & Resources
Official textbooks, Khan Academy (for economics basics), Local study groups, Tally software for basic entries
Career Connection
A strong foundation in these subjects is non-negotiable for any commerce career in India, directly impacting success in internships and entry-level roles in finance and accounting.
Develop Essential Communication & Computer Skills- (Semester 1-2)
Actively participate in communication skills sessions, focusing on both written and verbal proficiency. Simultaneously, practice computer applications like MS Excel and Word daily. Take advantage of the dedicated lab sessions for practical application. Seek opportunities to present your ideas in class to build confidence.
Tools & Resources
Grammarly, LinkedIn Learning (for MS Office tutorials), College Language Lab, Public speaking clubs
Career Connection
Effective communication and digital literacy are vital soft skills universally demanded by Indian employers, essential for interviews, report writing, and professional interactions.
Engage in Early Industry Exposure & Networking- (Semester 1-2)
Attend any introductory workshops, guest lectures by industry professionals, or career fairs organized by the institute. Even at an early stage, understand different career paths in commerce. Begin networking by connecting with seniors and alumni on platforms like LinkedIn to gain initial insights into the professional world.
Tools & Resources
LinkedIn, College career guidance cells, Industry association events (if accessible)
Career Connection
Early exposure helps align academic efforts with career goals and builds a professional network, which is highly valued in the Indian job market for referrals and opportunities.
Intermediate Stage
Deepen Technical Skills with Software Proficiency- (Semester 3-4)
Focus on gaining hands-on expertise in accounting software like Tally ERP and statistical tools like SPSS. Complete all practical assignments diligently and seek additional online courses or certifications if possible. This practical skill development is crucial for bridging the gap between theory and industry application.
Tools & Resources
Tally ERP 9 software, SPSS software, Udemy/Coursera courses on Tally/SPSS, College computer labs
Career Connection
Proficiency in Tally and statistical analysis tools is a key differentiator for B.Com graduates in India, making them highly employable in accounting, finance, and market research roles.
Explore Taxation and Financial Markets through Projects- (Semester 3-4)
Engage actively with subjects like Income Tax and Indian Financial System. Undertake small research projects or case studies focused on local tax regulations, recent financial market trends, or SEBI guidelines. Participate in college-level financial literacy campaigns or investment clubs.
Tools & Resources
Income Tax India website, SEBI website, Moneycontrol.com, Financial news portals
Career Connection
Understanding India''''s tax framework and financial markets opens doors to careers in taxation, investment advisory, and banking, offering practical knowledge that employers seek.
Participate in Business Competitions & Workshops- (Semester 3-5)
Look for opportunities to participate in inter-college business plan competitions, case study challenges, or workshops on topics like entrepreneurship or marketing. These activities enhance problem-solving, teamwork, and presentation skills while expanding your professional network beyond the campus.
Tools & Resources
College Entrepreneurship Cell, Online platforms hosting case competitions, Industry-specific workshops
Career Connection
Winning or participating in such events adds significant value to your resume, demonstrating initiative and practical skills, highly regarded by recruiters in India.
Advanced Stage
Master GST Compliance and Advanced Accounting- (Semester 5-6)
Gain in-depth practical knowledge of GST laws and compliance. Utilize the GST practical lab sessions to simulate real-world filing and reporting. Concurrently, focus on advanced corporate accounting and management accounting concepts, tying them to strategic business decisions. Consider short-term certifications in GST.
Tools & Resources
GSTN Portal for practice, Online GST certification courses, Advanced accounting textbooks
Career Connection
Expertise in GST is highly sought after across all industries in India. Mastering it, along with management accounting, prepares you for senior accounting and financial analysis roles.
Undertake a Comprehensive Research Project & Internship- (Semester 5-6)
Approach your final year research project with utmost seriousness, selecting a topic relevant to current industry trends. Aim for a substantial internship (2-3 months) in a reputed firm where you can apply your theoretical knowledge. This is your primary opportunity to gain professional experience and secure pre-placement offers.
Tools & Resources
Industry connections of the institute, Internship portals (Internshala, LinkedIn), Academic mentors
Career Connection
A well-executed research project and a successful internship are critical for placement success in India, often leading directly to job offers and valuable industry contacts.
Focus on Career Development & Interview Preparation- (Semester 5-6)
Utilize the career services cell for resume building, mock interviews, and group discussion practices. Refine your soft skills, including negotiation and critical thinking. Actively research companies and job profiles that align with your interests and the skills acquired throughout the program.
Tools & Resources
College Placement Cell, Online interview preparation platforms, Company websites for research, Alumni network
Career Connection
Targeted interview preparation and professional grooming are essential to convert academic achievements into successful placements in top Indian companies, maximizing career launch potential.
Program Structure and Curriculum
Eligibility:
- 10+2 with Commerce / Non-Medical / Medical from a recognized board (as per Rayat Bahra website)
Duration: 3 years (6 semesters)
Credits: 140 Credits
Assessment: Internal: 40% (for Theory subjects), 60% (for Practical subjects), External: 60% (for Theory subjects), 40% (for Practical subjects)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOP-101 | Financial Accounting-I | Core | 4 | Introduction to Accounting, Accounting Principles and Concepts, Double Entry System, Journal, Ledger, Trial Balance, Final Accounts of Sole Proprietorship |
| BCOP-103 | Business Organization and Management | Core | 4 | Forms of Business Organization, Partnership Firms, Company Formation and Features, Principles of Management, Functions of Management, Decision Making |
| BCOP-105 | Business Economics | Core | 4 | Demand and Supply Analysis, Consumer Behavior, Production and Costs, Market Structures, Pricing Policies |
| BCOP-107 | Business Mathematics | Core | 4 | Matrices and Determinants, Calculus (Differentiation, Integration), Commercial Arithmetic, Simple and Compound Interest, Set Theory |
| BCOP-109 | Computer Applications in Business | Core | 3 | Computer Fundamentals, Operating Systems, MS Word, Excel, PowerPoint, Internet and E-mail, Data Communication |
| BCOP-111 | Communication Skills (General) | Core | 3 | Language Skills and Grammar, Reading Comprehension, Written Communication (Letters, Reports), Oral Communication, Presentation Skills |
| BCOP-113 | Computer Applications in Business (Practical) | Lab | 2 | Hands-on with MS Office Suite, Internet Browsing and Email Management, Creating Presentations, Basic Spreadsheet Operations |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOP-102 | Financial Accounting-II | Core | 4 | Advanced Final Accounts, Consignment Accounts, Joint Venture Accounts, Branch Accounting, Departmental Accounts |
| BCOP-104 | Business Laws | Core | 4 | Indian Contract Act 1872, Sale of Goods Act 1930, Negotiable Instruments Act 1881, Consumer Protection Act 2019, Indian Partnership Act 1932 |
| BCOP-106 | Environmental Science | Core | 3 | Natural Resources, Ecosystems and Biodiversity, Environmental Pollution, Solid Waste Management, Environmental Ethics |
| BCOP-108 | Business Statistics | Core | 4 | Measures of Central Tendency, Measures of Dispersion, Correlation and Regression, Index Numbers, Probability Theory |
| BCOP-110 | Marketing Management | Core | 4 | Marketing Concepts and Environment, Marketing Mix (4Ps), Product Life Cycle, Pricing Strategies, Distribution Channels and Promotion |
| BCOP-112 | E-Commerce | Core | 3 | Introduction to E-Commerce, E-Commerce Models (B2B, B2C, C2C), Online Payment Systems, Digital Marketing, Cyber Security and Legal Aspects |
| BCOP-114 | E-Commerce (Practical) | Lab | 2 | Online Transactions Simulation, Basic Website Design Tools, Social Media Marketing Tools, E-mail Marketing Campaigns |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOP-201 | Corporate Accounting-I | Core | 4 | Issue and Forfeiture of Shares, Issue and Redemption of Debentures, Buy Back of Shares, Underwriting of Shares, Preparation of Company Final Accounts |
| BCOP-203 | Indian Financial System | Core | 4 | Structure of Indian Financial System, Financial Markets (Money & Capital), Financial Institutions (RBI, Commercial Banks), SEBI and its Role, Financial Instruments |
| BCOP-205 | Income Tax Law & Practice-I | Core | 4 | Basic Concepts of Income Tax, Residential Status and Tax Incidence, Income from Salaries, Income from House Property, Exempted Incomes |
| BCOP-207 | Company Law | Core | 4 | Companies Act, 2013, Incorporation of Companies, Memorandum and Articles of Association, Share Capital and Debentures, Company Meetings and Resolutions |
| BCOP-209 | Banking & Insurance | Core | 4 | Commercial Banking Functions, Central Banking (RBI), Types of Cheques and Endorsements, Principles of Insurance, Types of Insurance (Life, General) |
| BCOP-211 | Tally (Practical) | Lab | 2 | Company Creation and Configuration in Tally ERP 9, Ledger and Group Creation, Voucher Entry (Purchase, Sales, Payment), Inventory Management, Generating Financial Statements |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOP-202 | Corporate Accounting-II | Core | 4 | Profit Prior to Incorporation, Accounting for Amalgamation, Accounting for Reconstruction, Valuation of Shares and Goodwill, Liquidation of Companies |
| BCOP-204 | Cost Accounting | Core | 4 | Introduction to Cost Accounting, Cost Sheet Preparation, Material Costing, Labour Costing, Overhead Costing, Job, Batch and Process Costing |
| BCOP-206 | Income Tax Law & Practice-II | Core | 4 | Profits and Gains of Business or Profession (PGBP), Capital Gains, Income from Other Sources, Clubbing of Income, Set-off and Carry Forward of Losses, Deductions from Gross Total Income |
| BCOP-208 | Financial Management | Core | 4 | Objectives of Financial Management, Time Value of Money, Capital Budgeting Decisions, Working Capital Management, Cost of Capital and Capital Structure |
| BCOP-210 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Audit Planning and Procedures, Internal Control System, Vouching and Verification of Assets & Liabilities, Audit Report |
| BCOP-212 | SPSS (Practical) | Lab | 2 | Data Entry and Variable Definition in SPSS, Data Transformation and Cleaning, Descriptive Statistics (Frequency, Mean, Median), Inferential Statistics (t-test, Chi-square), Generating Charts and Graphs |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOP-301 | Management Accounting | Core | 4 | Nature and Scope of Management Accounting, Ratio Analysis, Fund Flow Statement, Cash Flow Statement, Budgetary Control and Variance Analysis |
| BCOP-303 | Goods & Services Tax (GST) | Core | 4 | Introduction to GST, CGST, SGST, IGST, Input Tax Credit Mechanism, Registration under GST, GST Returns and Compliance |
| BCOP-305 | Entrepreneurship Development | Core | 4 | Concept of Entrepreneurship, Entrepreneurial Process, Business Plan Preparation, Sources of Finance for Startups, Government Support for Startups in India |
| BCOP-307 | Goods & Services Tax (GST) (Practical) | Lab | 2 | Navigating the GST Portal, GST Registration Process Simulation, Filling GSTR-1, GSTR-3B, E-Way Bill Generation, Tax Invoice Creation |
| BCOP-311 | Human Resource Management | Elective (Choose 2 out of 3) | 4 | Nature and Scope of HRM, Job Analysis and Design, Recruitment and Selection, Training and Development, Performance Appraisal |
| BCOP-313 | Project Management | Elective (Choose 2 out of 3) | 4 | Introduction to Project Management, Project Life Cycle, Project Planning and Scheduling, Project Risk Management, Project Monitoring and Control |
| BCOP-315 | International Business | Elective (Choose 2 out of 3) | 4 | Globalization and International Business, Theories of International Trade, Foreign Exchange Market, International Organizations (WTO, IMF), Export-Import Procedures |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BCOP-302 | Principles of Micro Finance | Core | 4 | Concept and Scope of Microfinance, Self-Help Groups (SHGs), Microfinance Institutions (MFIs), Microfinance Products and Services, Regulation of Microfinance in India |
| BCOP-304 | Research Methodology | Core | 4 | Introduction to Research, Research Design, Data Collection Methods (Primary & Secondary), Sampling Techniques, Data Analysis and Interpretation |
| BCOP-306 | Ethics & Corporate Governance | Core | 4 | Concept of Business Ethics, Corporate Social Responsibility (CSR), Principles of Corporate Governance, Role of Board of Directors, Stakeholder Relationship Management |
| BCOP-308 | Research Project | Project | 6 | Problem Identification and Formulation, Literature Review, Methodology Design, Data Collection and Analysis, Dissertation Writing and Presentation |
| BCOP-312 | Rural Marketing | Elective (Choose 2 out of 3) | 4 | Rural Market Environment in India, Rural Consumer Behavior, Product and Pricing Strategies for Rural Markets, Rural Distribution and Promotion, Challenges in Rural Marketing |
| BCOP-314 | Consumer Behaviour | Elective (Choose 2 out of 3) | 4 | Consumer Decision Making Process, Factors Influencing Consumer Behavior, Market Segmentation, Brand Loyalty and Post-Purchase Behavior, Consumer Research |
| BCOP-316 | Investment Management | Elective (Choose 2 out of 3) | 4 | Investment Avenues and Instruments, Risk and Return Analysis, Portfolio Management, Fundamental Analysis, Technical Analysis |
