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B-COM in General Commerce at Shree J. M. Patel Institute of Studies and Research in Humanities, Arts and Commerce
Anand, Gujarat
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About the Specialization
What is General Commerce at Shree J. M. Patel Institute of Studies and Research in Humanities, Arts and Commerce Anand?
This General Commerce program at Shree J. M. Patel Institute of Studies and Research in Humanities, Arts and Commerce focuses on providing a comprehensive foundation in various aspects of business and finance. It prepares students for diverse roles in India''''s burgeoning economy by imparting essential knowledge in accounting, management, economics, and taxation, aligning with current industry demands.
Who Should Apply?
This program is ideal for 12th pass students seeking entry into commerce, finance, or management sectors. It also suits individuals aspiring for government jobs, entrepreneurial ventures, or those aiming for higher studies like M.Com or MBA. Prerequisite backgrounds typically include a commerce stream in 10+2 with a strong interest in business operations and financial markets.
Why Choose This Course?
Graduates can expect robust career paths in India as accountants, tax consultants, financial analysts, marketing executives, or bank officers. Entry-level salaries typically range from INR 2.5 to 4 LPA, growing significantly with experience. The program provides a solid base for professional certifications like CA, CS, and CMA, enhancing growth trajectories in Indian companies.
Student Success Practices
Foundation Stage
Build Strong Accounting and Communication Basics- (Semester 1-2)
Dedicate time to thoroughly understand financial accounting principles and practice business communication skills. Focus on journal entries, ledgers, basic financial statements, and formal business writing. This forms the bedrock for advanced commerce subjects.
Tools & Resources
Reference textbooks, online accounting tutorials (e.g., ICAI resources, Eduyug), grammar and writing guides, peer study groups
Career Connection
Essential for roles in accounting, finance, and any business communication-intensive positions. Strong basics ensure better understanding in interviews.
Develop Quantitative and Computer Skills- (Semester 1-2)
Master statistical concepts, data analysis, and proficiency in MS Excel and Tally. Regularly practice problems and utilize computer labs. Understand the application of these tools in business scenarios.
Tools & Resources
Statistics textbooks, MS Office tutorials, Tally ERP.9 software, online practice platforms (e.g., Khan Academy for statistics)
Career Connection
Crucial for data analysis, financial modeling, and efficient record-keeping in almost every commerce-related job, enhancing employability.
Engage in Economic and Legal Case Studies- (Semester 1-2)
Beyond textbooks, actively participate in discussions on current economic affairs and analyze business law case studies. Understand how legal frameworks and economic policies impact businesses in India.
Tools & Resources
Business newspapers (Economic Times, Business Standard), legal case books, online business news portals, debate clubs
Career Connection
Develops critical thinking and analytical skills, vital for roles in business strategy, legal compliance, and understanding market dynamics.
Intermediate Stage
Gain Practical Exposure to Taxation and Costing- (Semester 3-5)
Actively learn and apply concepts of GST and Cost Accounting through practical assignments and software simulations. Explore case studies related to tax compliance and cost optimization in Indian businesses.
Tools & Resources
GST portal (online), Tally ERP.9, professional accounting software, guest lectures by tax consultants/cost accountants
Career Connection
Prepares students for roles as tax assistants, cost analysts, and financial controllers, highly in demand in India.
Develop Managerial and Marketing Acumen- (Semester 3-5)
Focus on understanding management principles, organizational behavior, and modern marketing strategies, including digital marketing. Participate in marketing clubs or entrepreneurial events to apply theoretical knowledge.
Tools & Resources
Management journals, marketing case studies, online courses on digital marketing, college entrepreneurship cells
Career Connection
Essential for aspiring managers, marketing executives, and those interested in business development roles across various industries.
Network and Seek Internships- (Semester 4-5 break)
Attend industry seminars, workshops, and career fairs organized by the college. Actively seek summer internships in areas of interest like banking, finance, or sales to gain real-world experience and build professional contacts.
Tools & Resources
LinkedIn, college placement cell, industry associations, alumni network
Career Connection
Direct pathway to potential job offers, resume building, and understanding industry expectations, significantly boosting placement chances.
Advanced Stage
Master Advanced Financial Management and Auditing- (Semester 6)
Deepen understanding of financial statement analysis, capital budgeting, and auditing principles. Practice solving complex financial problems and learn about audit procedures in the Indian context.
Tools & Resources
Advanced financial modeling tools, auditing standards (SA) documents, mock audit exercises, mentorship from faculty
Career Connection
Critical for roles in corporate finance, auditing firms, and financial advisory services, leading to specialized and higher-paying positions.
Prepare for Professional Exams and Placements- (Semester 6)
Dedicate significant time to prepare for competitive exams (e.g., CA Foundation, Bank PO, UPSC Civil Services for commerce graduates) or campus placements. Practice aptitude tests, group discussions, and mock interviews.
Tools & Resources
Coaching institutes, online test series, interview preparation guides, college career services, alumni mentors
Career Connection
Directly impacts placement success and provides a clear pathway to desired career goals, whether in corporate or public sectors.
Cultivate Entrepreneurial Mindset and Specialization- (Semester 6)
Explore entrepreneurial ideas, develop a detailed business plan, or specialize deeply in an elective area like HRM or Banking. Engage in a final year project that applies theoretical knowledge to a real-world business challenge.
Tools & Resources
Startup incubators (if available), business plan templates, industry reports, expert talks on specific domains
Career Connection
Fosters innovation, develops leadership skills, and opens avenues for starting own ventures or taking on specialized roles in organizations.
Program Structure and Curriculum
Eligibility:
- 12th Pass from a recognized board
Duration: 6 semesters / 3 years
Credits: 168 Credits
Assessment: Internal: 30%, External: 70%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| F.C. - 101 | Foundation Course in Commerce - 1 | Core | 4 | Introduction to Commerce and its Role in Global Economy, Forms of Business Organization, E-Commerce, Modern Retail System in India, Contemporary Issues in Commerce |
| B.C. - 102 | Business Communication - 1 | Core | 4 | Introduction to Business Communication, Verbal Communication, Non-Verbal Communication, Written Communication, Technology Based Communication |
| A.F.A. - 103 | Advanced Financial Accounting - 1 | Core | 4 | Accounting Standards and Introduction to Indian AS, Branch Accounts (Excluding Foreign Branches), Royalty Accounts, Amalgamation of Firms, Partnership Accounts (Dissolution, Piece Meal Distribution) |
| B.L.A.W. - 104 | Business Law - 1 | Core | 4 | Indian Contract Act 1872 (Essential Elements, Offer, Acceptance, Consideration), Capacity of Parties, Free Consent, Legality of Object and Consideration, Void Agreements, Specific Contracts (Indemnity, Guarantee), Specific Contracts (Bailment, Pledge) |
| E.C.O. - 105 | Economics - 1 | Core | 4 | Introduction to Economics, Theory of Demand, Theory of Supply, Market Structures, Theory of Production |
| I.S. - 106 | Introduction to Statistics - 1 | Core | 4 | Introduction to Statistics, Data Collection and Presentation, Measures of Central Tendency, Measures of Dispersion, Skewness, Kurtosis |
| C.A. - 107 | Computer Applications - 1 | Core | 4 | Introduction to Computer, Operating System, MS Word, MS Excel, Internet & E-mail |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| F.C. - 201 | Foundation Course in Commerce - 2 | Core | 4 | Introduction to Banking System, Insurance and its Types, Introduction to Capital Market, Recent Trends in Commerce, Contemporary Issues in Indian Economy |
| B.C. - 202 | Business Communication - 2 | Core | 4 | Business Letters (Enquiry, Offer, Order, Complaint, Adjustment, Collection), Report Writing, Press Release, Resume and Job Application, Email Etiquettes |
| A.F.A. - 203 | Advanced Financial Accounting - 2 | Core | 4 | Company Accounts (Issue of Shares, Forfeiture, Reissue), Redemption of Preference Shares, Redemption of Debentures, Buy Back of Shares, Underwriting of Shares and Debentures, Valuation of Goodwill |
| B.L.A.W. - 204 | Business Law - 2 | Core | 4 | Indian Contract Act 1872 (Agency), Sale of Goods Act 1930 (Formation of Contract of Sale), Conditions & Warranties, Transfer of Ownership, Performance of Contract of Sale, Rights of Unpaid Seller |
| E.C.O. - 205 | Economics - 2 | Core | 4 | Theory of Rent, Theory of Interest, Theory of Profit, Keynesian Theory of Income and Employment, Inflation & Deflation |
| I.S. - 206 | Introduction to Statistics - 2 | Core | 4 | Correlation, Regression, Index Numbers, Time Series Analysis, Probability |
| C.A. - 207 | Computer Applications - 2 | Core | 4 | MS PowerPoint, MS Access, Financial Accounting Software (Tally ERP.9), Data Security, Latest Trends in IT |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| F.C. - 301 | Foundation Course in Commerce - 3 | Core | 4 | Rural Development in India, Urban Development in India, Role of NGOs, Co-operative Sector, Social Entrepreneurship |
| B.M. - 302 | Business Management - 1 | Core | 4 | Nature and Scope of Management, Planning, Organizing, Staffing, Directing, Controlling |
| C.A. - 303 | Cost Accounting - 1 | Core | 4 | Introduction to Cost Accounting, Material Costing, Labour Costing, Overhead Costing, Reconciliation of Cost & Financial Accounts |
| I.A.X. - 304 | Indirect Taxes - 1 | Core | 4 | Introduction to GST, Registration under GST, Levy and Collection of GST, Time and Value of Supply, Input Tax Credit |
| M.K.T. - 305 | Marketing - 1 | Core | 4 | Introduction to Marketing, Marketing Environment, Market Segmentation, Targeting & Positioning, Product Decisions, Pricing Decisions |
| P.L. - 306 | Public Finance - 1 | Core | 4 | Introduction to Public Finance, Public Expenditure, Public Revenue, Public Debt, Fiscal Policy |
| B.C. - 307 | Banking & Insurance - 1 | Core | 4 | Introduction to Banking, Commercial Banks, Central Bank (RBI), Cooperative Banks, Banking Sector Reforms |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| F.C. - 401 | Foundation Course in Commerce - 4 | Core | 4 | Foreign Trade in India, WTO and India, International Financial Institutions, Globalization, Make in India Initiative |
| B.M. - 402 | Business Management - 2 | Core | 4 | Introduction to Organization Behavior, Motivation, Leadership, Communication in Organization, Conflict Management |
| C.A. - 403 | Cost Accounting - 2 | Core | 4 | Methods of Costing (Job, Batch, Contract, Process), Service Costing, Joint and By-Products, Budgetary Control, Standard Costing |
| I.A.X. - 404 | Indirect Taxes - 2 | Core | 4 | Payment of GST, Returns under GST, E-way Bill, Customs Duty (Basic Concepts), Valuation under Customs Act |
| M.K.T. - 405 | Marketing - 2 | Core | 4 | Promotion Decisions, Place Decisions, Services Marketing, Rural Marketing, Digital Marketing |
| P.L. - 406 | Public Finance - 2 | Core | 4 | Federal Finance, Budgeting, Deficit Financing, Fiscal Federalism in India, Local Government Finance |
| B.C. - 407 | Banking & Insurance - 2 | Core | 4 | Introduction to Insurance, Life Insurance, General Insurance, IRDAI, Microfinance |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| F.A. - 501 | Financial Accounting - 1 | Core | 4 | Valuation of Shares, Valuation of Goodwill, Accounting for Corporate Restructuring, Capital Reduction, Accounting for Liquidation |
| M.A. - 502 | Management Accounting - 1 | Core | 4 | Introduction to Management Accounting, Financial Statement Analysis, Ratio Analysis, Fund Flow Statement, Cash Flow Statement (AS-3) |
| E.R.P. - 503 | Entrepreneurship | Core | 4 | Introduction to Entrepreneurship, Entrepreneurial Motivation, Business Idea Generation, Project Formulation, Sources of Finance for Entrepreneurs |
| D.T.X. - 504 | Direct Taxes - 1 | Core | 4 | Basic Concepts of Income Tax, Residential Status & Scope of Total Income, Income under the Head Salaries, Income under the Head House Property |
| B.I. - 505 | Business Environment - 1 | Core | 4 | Introduction to Business Environment, Economic Environment, Political & Legal Environment, Socio-Cultural Environment, Technological Environment |
| E.L.E. - 506 | Elective Course - 1 | Elective | 4 | Key topics depend on chosen elective (e.g., Marketing Management, Human Resource Management, Banking and Finance, Accounting & Auditing) |
| E.L.E. - 507 | Elective Course - 2 | Elective | 4 | Key topics depend on chosen elective (e.g., Marketing Management, Human Resource Management, Banking and Finance, Accounting & Auditing) |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| F.A. - 601 | Financial Accounting - 2 | Core | 4 | Accounting for Mutual Funds, Accounting for Electricity Companies, Human Resource Accounting, Social Responsibility Accounting, Accounting for Leases |
| M.A. - 602 | Management Accounting - 2 | Core | 4 | Marginal Costing, Budgetary Control, Standard Costing, Capital Budgeting, Responsibility Accounting |
| A.U.D. - 603 | Auditing | Core | 4 | Introduction to Auditing, Types of Audit, Audit Planning, Internal Control, Audit Report |
| D.T.X. - 604 | Direct Taxes - 2 | Core | 4 | Income under the Head Profits and Gains of Business or Profession, Income under the Head Capital Gains, Income under the Head Other Sources, Deductions from Gross Total Income, Assessment of Individuals |
| B.I. - 605 | Business Environment - 2 | Core | 4 | Legal Environment, Industrial Policy in India, Monetary Policy, Fiscal Policy, International Business Environment |
| E.L.E. - 606 | Elective Course - 3 | Elective | 4 | Key topics depend on chosen elective (e.g., Marketing Management, Human Resource Management, Banking and Finance, Accounting & Auditing) |
| E.L.E. - 607 | Elective Course - 4 | Elective | 4 | Key topics depend on chosen elective (e.g., Marketing Management, Human Resource Management, Banking and Finance, Accounting & Auditing) |
