What is B Com?
A Bachelor of Commerce (B.Com) is a bachelor’s degree programme in business administration and the discipline of commerce.
In this programme, students are taught to have a solid grasp of many different business, economic, and commercial topics. The curriculum includes classes in entrepreneurship, accounting, finance, marketing, management, economics, business law, and statistics. Additionally, some programmes offer specialization in areas like information systems, international business, or human resource management.
A Bachelor of Commerce degree aims to provide students with the information and skills they need to work in businesses and commercial sectors. Jobs for graduates are frequently available in industries such as banking, finance, accounting, marketing, consulting, and general management.
Overall, earning a bachelor’s degree in commerce gives students a well-rounded education in business and economics, equipping them for a variety of corporate positions and providing a strong basis for both additional study and job growth.
B Com Subjects
The B Com syllabus covers the following subjects for a comprehensive study in commerce:
Financial Accounting: A Bachelor of Commerce (B.Com) programme includes financial accounting as one of the main subjects. The compilation, analysis, and reporting of financial information for other parties, including creditors, investors, and stakeholders is an essential part of accounting. A detailed view of an organisation’s financial situation and performance is provided through financial accounting. This course aims to provide an understanding of the main elements of financial accounting information such as revenue, liabilities, assets, and expenses. It also teaches students to identify the main financial statements and their importance. The B Com degree also involves subjects such as Advanced Financial Accounting for a thorough study of the topic.
Corporate Accounting: The analysing and reporting on the finances of businesses or firms are the specialised topics covered in corporate accounting, which is also commonly referred to as company accounting. Building on the ideas taught in financial accounting, it is a more specific category of accounting. Corporate accounting gives investors, shareholders, executives, and regulatory agencies comprehensive information on a company’s financial performance, status, and operations. The B Com course also offers Advanced Corporate Accounting as an elective.
Cost Accounting: The study and monitoring of expenses incurred by an organisation when producing goods or rendering services are the main goals of cost accounting. The main objectives are to calculate the costs associated with each good or service and to deliver relevant data for managerial decision-making, cost management, and performance assessment.
E-Businesses And Accounting: This course enables students to learn the functions of e-commerce, its benefits to society, and know how to design e-commerce models for the service industry. The subject covers the evaluation of the e-tailing environment and how it affects the retail industry. The programme teaches how to evaluate recent trends in e-commerce, and assess the role of supply chain management in e-commerce. It prepares students for the changing market trends.
Business Dynamics And Entrepreneurship: This topic covers the different forms of organisation, the evolution of management thought, leadership theories, directing and controlling tools of management, motivation theories, and methods of coordination in management practices. It also teaches how to demonstrate the steps involved in the entrepreneurial process, from opportunity discovery to the development of a new business.
Corporate Structure And Administration: The organisation and management of a business, including its hierarchical structure, duties and responsibilities, decision-making procedures, and administrative tasks, are referred to as the corporate structure and administration. After completing this B Com course, students will be able to understand documents such as MOA, AOA, and prospectus required to form a company. The course trains students in various types of capital raised, the process of appointment of company directors, secretaries.
Financial Management: The strategic planning, organising, managing, and monitoring of a company’s financial resources and operations is referred to as financial management. It entails making choices and taking action to allocate and use money as efficiently as possible in order to meet the organisation’s financial objectives. It involves Financial Analysis, Financial Planning, Budgeting, Financing Decisions, etc. The Bachelor of Commerce programme helps in understanding the ROI, different investment techniques, different dividend policies, capital management, and value creation.
Modern Marketing: This degree teaches consumer behaviour, customer segmentation, stages of production, branding, marketing, trademark, methods of sales promotion, positioning, and target marketing.
The course also covers subjects like international finance, taxes, business data analysis, business regulations, security analysis and portfolio management, financial institutions, and banking. These subjects equip B Com graduates with the theoretical and practical skills and knowledge in business and commerce to have rewarding careers. Acharya offers a three-year Bachelor of Commerce degree with industry exposure, practical training, and quality instruction. It is one of the best B Com colleges in Bangalore that enables students to apply the knowledge of commerce, finance, accounting, and management in both the private and public sectors or to pursue further education.
Career Scope after B Com
A bachelor’s degree in commerce (B.Com) opens up a variety of job options across several industries. Students who get this degree have a solid background in topics including finance, accounting, taxation, economics, business law, and other relevant areas. The following are the professions available as jobs after B Com:
Auditing and Accounting: Job opportunities for B.Com graduates include working as auditors, accountants, or tax advisors in accounting companies. They may help with the creation of financial statements, audits, tax preparation, and conformity.
Finance and Banking: Graduates of B Com can also go for jobs in the financial and banking industry. They could work as investment bankers, loan officers, financial counsellors, or financial analysts. The B Com jobs also include working in commercial banking, investment planning, risk management, or financial analysis.
Taxation: Graduates who are interested in taxes can find employment in tax consulting businesses or the tax divisions of organisations. For both individuals and organisations, they can manage tax planning, compliance, and consulting services.
Management Consulting: B.Com. graduates with a management consulting background can work in this industry and provide corporate clients advice. They are involved with things like organisational restructuring, financial analysis, process improvement, and strategy formulation.
Corporate Finance: Careers in corporate finance divisions of businesses are available to B.Com graduates. They could work in treasury management, capital budgeting, financial planning and analysis, or budgeting. They could be in charge of financial modelling, financial data analysis, and decision-making assistance.
Financial Services: B.Com. graduates can find employment in a range of financial services corporations, such as mutual funds, investment companies, and insurance companies. They might work in financial planning, sales, investment analysis, and customer relationship management.
Entrepreneurship: After a B.Com degree, graduates who have an entrepreneurial zest can launch their own companies or work for startups. Their knowledge of accounting, finance, and business ideas might be helpful in handling the financial facets of their new enterprises.
Government Sector: Jobs for B Com graduates are also available in the government or public sector. Graduates may look for positions in government agencies like taxation offices, regulatory agencies, or public sector banks. They may have job roles in the financial, accounting, auditing, or administrative fields.
Non-Profit Organisations: Nonprofits, or NGOs can benefit greatly from the expertise of B Com graduates. B.Com graduates may help non-profit organisations by providing their skills in finance and accounting. They could work in grants management, finance management, budgeting, or fundraising.
Salary of B Com graduates widely depends on specialisations, employers, company size, job sector, location, etc. However, B Com graduates earn ₹2.5 lakhs to INR 6 lakhs per annum as freshers. With time and experience, along with skills gained, B Com graduates can increase their salaries.
To study B Com in a college with an industry-driven curriculum, exceptional educational infrastructure, and holistic education, join Acharya Institute of Graduate Studies.