Students having a flair for business activities may get an option to
study commerce after completion of ten years of schooling as commerce is
available as an educational stream just after passing the tenth
standard. Although commerce also requires a strong knowledge of math
fundamentals, this stream is bit easier to manage for the students
having not so sound math base since other subjects are relatively easier
than science stream subjects. Hence, students opting for commerce as an
option in 10+2 may look for higher courses (undergraduate/postgraduate)
in commerce at college or university level.In the last few years,
commerce has emerged as the most sought after discipline and importance
is revealed from the fact that commerce is valued more by the recruiters
than the MBA without a technical degree.Reason for this change in
attitude may be attributed to vast change in sullabus in the past decade
due to inclusion of specializations such as computer applications,
e-business, marketing, taxations and finance. Addition of new subjects
such as company affairs, banking, insurance, and computer accounting has
made commerce a field which help commercial organizations to achieve
their goal with the help and services of young graduates coming out of
the top institutes.Specialization is available with following business
themes:
Business economics: The laws of demand and supply, law of returns, elasticity, theory of pricing under different market forms etc are covered.
Financial accounting:Topics
such as profit and loss, balance sheets and final accounts, Indian and
international accounting standards, calculation of depreciation and
valuation of shares are available for study and research.
Cost accounting: This would help in understanding the process, job and contract costing, costing of overheads, standard and variance costing and budgetary control.
Income tax: Calculation of income tax, tax planning and tax deduction etc.
Auditing: Beside auditing of accounts of different organizations, specialization in auditing would help understand vouching, valuation and verification of transactions, assets and liabilities.Other themes of commerce study and research include business finance, business law and marketing.
New Streams:
There are several institutes that fulfill the specific requirements of the candidates interested in new emerging sectors. These are listed below.
1. Stock Market - National Institute of Securities Markets
2. Banking - National Institute of Bank Management, Pune, Institute of Financial banking and Insurance and Indian Institute of Bank Management, Pune
3. Insurance - The Insurance Institute of India, The Institute of Actuaries of India and The National Insurance Academy, Pune
4. Financial Planning - The Indian Institute of Financial Planning &
International College of Financial Planning
Top Commerce Colleges of India
Sri Ram College of Commerce(SRCC)
Business economics: The laws of demand and supply, law of returns, elasticity, theory of pricing under different market forms etc are covered.
Cost accounting: This would help in understanding the process, job and contract costing, costing of overheads, standard and variance costing and budgetary control.
Income tax: Calculation of income tax, tax planning and tax deduction etc.
Auditing: Beside auditing of accounts of different organizations, specialization in auditing would help understand vouching, valuation and verification of transactions, assets and liabilities.Other themes of commerce study and research include business finance, business law and marketing.
New Streams:
There are several institutes that fulfill the specific requirements of the candidates interested in new emerging sectors. These are listed below.
1. Stock Market - National Institute of Securities Markets
2. Banking - National Institute of Bank Management, Pune, Institute of Financial banking and Insurance and Indian Institute of Bank Management, Pune
3. Insurance - The Insurance Institute of India, The Institute of Actuaries of India and The National Insurance Academy, Pune
4. Financial Planning - The Indian Institute of Financial Planning &
International College of Financial Planning
Top Commerce Colleges of India
Sri Ram College of Commerce(SRCC)
The Commercial School in Delhi, established in 1920 by the Commercial Education
Trust, introduced a post-matriculation Diploma program in Commerce.
School was later rechristened as Shri Ram College of Commerce after its
affiliation to Delhi University in 1926. In 1932, The College started
awarding DU degrees to its graduates after up-gradation to the status of
a Degree College. The alumni of the College have shown their excellent
performance not only in the fields of banking and finance, general
management, civil services and academics but also as entrepreneurs
successfully managing their own business establishments.
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