B.Com, having the full form as Bachelor of Commerce, is a three-year UG degree course recognized by the Universities Grants Commission (UGC). Along with the full-time delivery mode, one can also pursue Distance B Com or Online course. BCom is one of the most popular courses amongst the Class 12 graduates with the Commerce stream. As per the AISHE reports, with nearly 9.33 lakh enrollment, B.Com has been the third most desired course in India after Class 12. B.com candidates can also pursue B.Com (Honours) if they wish for in-depth knowledge in the Commerce stream.
The honours course is designed to offer knowledge in specialized subjects; while, the general BCom course focuses on an overview of all the subjects under the umbrella of the Commerce stream. Apart from BCom General or BCom Hons, several universities offer integrated B.Com courses; BCom LLB, BCom MBA and BCom CMA are a few of the integrated courses on offer.
The three year BCom course is divided into six semesters. Students pursuing the course can choose elective subjects of their choice in some semesters. BCom degree course includes Financial Accounting, Business Laws, Economics, Taxation, Auditing, Cost Accounting, among others. BCom degree, is a great option to start a career in related fields such as Finance, Accounting, Banking, Insurance, etc. The average starting salary of a BCom graduate is INR 3 LPA. B.Com is a major chunk of students passing Class 12 with Commerce stream aspire for Chartered Accountancy, Company Secretaryship, and Cost Accounting. After completion of the BCom course from a recognized institute, one can go for courses in teaching, advertising, journalism, mass communication, design, law, etc.
Space below hosts the eligibility criteria for BCom course:
NOTE: The minimum cut off score criteria differ across universities
We want to introduce you a great platform for the learning as well as earning, Chegg, India , here at Chegg India, we hire online tutors in the form of freelance subject experts. We entrust our freelance experts with the responsibility to provide quality answers to questions uploaded to our Q&A portal. The main goal of entrance exams in the Indian educational system is to secure admission to various colleges. Different fields have different entrances tests. It is based on the study program that the student has done. The aim of entrance tests is to assess a student’s capacity to handle academics. That a person will face in the future and to give in-depth knowledge on a certain topic. Both descriptive and objective patterns are in the admission test.
BCom syllabus is broken into six semesters and below is the semester-wise list of subjects taught as per the BCom course curriculum:
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| BCom Syllabus – 1st Semester |
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| BCom Syllabus – 2nd Semester |
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| BCom Syllabus – 3rd Semester |
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| BCom Syllabus – 4th Semester |
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| BCom Syllabus – 5th Semester |
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| BCom Syllabus – 6th Semester |
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The commerce field offers various lucrative career options for students and has seen an increase in demands for various job positions. The salary is one of the basic aspects for any job which depends on the set of skills and degrees one possesses. to ease your pathway, here is a list of the top 15 highest salary jobs for commerce students that can help you land on a decent salary and give you the required experience, some of these job profiles are:
| Job | Salary |
| Chartered Accountant (CA) | ₹6-7 Lakhs per annum |
| Marketing Manager | ₹6-7 Lakhs per annum |
| Investment Banker | ₹9-10 Lakhs per annum |
| Human Resource Manager | ₹7-15 Lakhs per annum |
| Chartered Financial Analyst (CFA) | ₹12 lakhs per annum |
| Certified Public Accountant (CPA) | ₹7-9 lakhs per annum |
| Actuary | ₹10-14 lakhs per annum |
| Cost Accountant | ₹4 lakhs per annum |
| Business Accountant and Taxation | ₹6-7 lakhs per annum |
| Retail Manager | ₹5-6 Lakhs per annum |
| Company Secretary | ₹6-7 lakhs per annum |
| Personal Financial Advisor | ₹3-5 Lakhs per annum |
| Research Analyst | ₹3-5 Lakhs per annum |
| Chief Executive Officer (CEO) | ₹24 Lakhs per annum |
| Entrepreneur | ₹110-120 lakhs |
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash flows.
Accounting is one of the key functions of almost any business. It may be handled by a bookkeeper or an accountant at a small firm, or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and managerial accounting, are invaluable in helping management make informed business decisions.
The financial statements that summarize a large company’s operations, financial position, and cash flows over a particular period are concise and consolidated reports based on thousands of individual financial transactions. As a result, all accounting designations are the culmination of years of study and rigorous examinations combined with a minimum number of years of practical accounting experience.
Financial accounting refers to the processes used to generate interim and annual financial statements. The results of all financial transactions that occur during an accounting period are summarized into the balance sheet, income statement, and cash flow statement. The financial statements of most companies are audited annually by an external CPA firm. For some, such as publicly traded companies, audits are a legal requirement.6 However, lenders also typically require the results of an external audit annually as part of their debt covenants. Therefore, most companies will have annual audits for one reason or another.
Managerial accounting uses much of the same data as financial accounting, but it organizes and utilizes information in different ways. Namely, in managerial accounting, an accountant generates monthly or quarterly reports that a business’s management team can use to make decisions about how the business operates. Managerial accounting also encompasses many other facets of accounting, including budgeting, forecasting, and various financial analysis tools. Essentially, any information that may be useful to management falls underneath this umbrella.
Just as managerial accounting helps businesses make decisions about management, cost accounting helps businesses make decisions about costing. Essentially, cost accounting considers all of the costs related to producing a product. Analysts, managers, business owners, and accountants use this information to determine what their products should cost. In cost accounting, money is cast as an economic factor in production, whereas in financial accounting, money is considered to be a measure of a company’s economic performance.
Accountants use generally accepted accounting principles (GAAP) when preparing financial statements in the U.S. GAAP is a set of standards and principles designed to improve the comparability and consistency of financial reporting across industries. Its standards are based on double-entry accounting, a method in which every accounting transaction is entered as both a debit and credit in two separate general ledger accounts that will roll up into the balance sheet and income statement. In most other countries, a set of standards governed by the International Accounting Standards Board named the International Financial Reporting Standards (IFRS) is used.
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. Economics focuses on the actions of human beings, based on assumptions that humans act with rational behavior, seeking the most optimal level of benefit or utility. The building blocks of economics are the studies of labor and trade. Economics has many possible applications of human labor and many different ways to acquire resources, it is the task of economics to determine which methods yield the best results.