Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer.Commerce, an evergreen stream offers huge opportunities to students to make up their careers after Class XII. With the rapid opening of our markets to foreign companies,rising GDP and a number of reforms carried by the Indian govern-ment, the students of Commerce can expect huge job opportunities in this area. Growing service sector
offers enormous job opportunities in accounting, banking, insur-ance, advertising, mass communic-ation, Public Relations, stock markets, tourism, retailing, business law, international business, marketing research, taxation, teaching, etc.
The increasing number of career choices creates a situation of dissonance in the minds of the students and therefore clarity about what they should do after Class XII is very much required. Students who have opted for Commerce stream during Class XII are now familiar with subjects such as, Accountancy, Business Studies, Economics and Mathematics.
Admission in Delhi University
Delhi University offers admission based on merit in B. Com. Hons. and B.Com. courses for Commerce students. Amongst them B.Com. Hons. is one of the most popular course which enables and equips the students to acquire conceptual knowledge about the various business concepts and practices and enables them to apply various tools to face up the challenges as business managers. It offers lucrative career opportunities in the field of management, banking, insurance, marketing, accounting, advertising, finance, taxation. The curriculum has been designed to prepare students for the corporate sector and many papers such as computers, Tally, E-Filing, Consumer Affairs and Customer care, Advertising, E Marketing, E-Commerce have application part in them. To get admission in a regular college in Delhi University, students can opt for B.Com. (Hons) or B.Com. (Prog). For studying B.Com. while calculating aggregate marks Maths is not compulsory. Thus, those aspirants who did not opt for Maths during Class XII can take up B.Com. course as it is required that the applicant should have studied and passed Mathematics/ Business Mathematics as the qualifying examination for admission to B. Com. (Hons.). If a student is from Science or humanities and wants to pursue B.Com. Hons. or B.Com. a deduction in percentage is done. For this the student can refer to the Bulletin as released by the Delhi University and available on its website www.du.ac.in.
Procedure for calculation of Best Four subject's percentage for B. Com. (Honours)/B.Com. in DU
In this one Language ie English/ Hindi + three best subjects which include Accountancy, Business Studies, Economics and Mathematics are considered. In case student has different combination of subjects a deduction of marks from aggregate percentage is done. For example, if an applicant has scored: Accountancy (90), Business Studies (92), English Core (88) and Economics (94). Total marks are 90 + 92 + 88 + 94 = 364, Percentage is 91%. Since the student has not studied maths she/he will not be eligible for B.Com. (Hons.) course. But the student can study B.Com.
If an applicant has scored: Physics (96), Chemistry (92), English Core (90) and Mathematics (94). Total marks are 96 + 92 + 90 + 94 = 372, Percentage is 93%.
The effective percentage for both B.Com. (Hons.) & B.Com. is 93 - 2 x 1% = 91%.
Popular colleges: Shri Ram College of Commerce, Univer-sity of Delhi (New Delhi), Lady Shri Ram College University of Delhi (New Delhi), Kamala Nehru College University of Delhi (New Delhi), Shaheed Bhagat Singh College of Commerce, Guru Gobind Singh College of Commerce, Jesus and Mary College.In Delhi University B.Com Hons. is offered by 55 colleges out of which 15 are women colleges and B.Com. Program is offered by 43 colleges out of which 13 are women colleges.
Huge career opportunities are availiable after pursuing graduation in B.Com. Hons. and B.Com. in the field of Accounting, Marketing, Law, taxation Management, Banking, Finance, etc. In DU students have the edge of being taught by the best faculty who are mostly Ph.D's, smart class-rooms having projectors, compulsory attendance, linkage to industry through internships, Seminars and Workshops and innovative methods of learning. Commerce students have been placed in the past in many big corporate companies such as Google, Ernst and Young, KPMG, Standard Chartered Bank, Lime Tray, E-Marketing Firms, and more with a starting pay package of Rs 3 lakh or more.
Some other options available to students from Commerce Stream are:
Popular Colleges: St Stephen's College University of Delhi (New Delhi),Shri Ram College of Commerce, University of Delhi (New Delhi).
Popular colleges: Indian Institute of Management (IIM), Indore, Shaheed Sukhdev College of Business Studies, Delhi, Christ University (Bangalore), Department of Business Administration - SRM University (Chennai), Amity International Business School (Noida), Institute of Management Studies (Noida).
Professional Courses in Commerce
(a)Chartered Account-ants: The CA course combines theoretical study with practical training. The Chartered Accountancy course is considered to be one of the most rigorous professional courses in India with only 8.0-16.0% of the pass percentage in every attempt. The institute has 8,74,694 students, studying various levels of the Chartered Accountancy Course. The Chartered Accountancy examinations are divided into three levels.
Level 1: CPT covers four basic subjects viz. Fundamentals of Accounting, Mercantile Laws, Economics and Quantitative Aptitude. A student can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12). A candidate is considered to have cleared CPT if he/she obtains in a sitting 30% in each of the 4 sections and a 50.00% aggregate in the entire examination.
Level 2: IPCC or Integrated Professional Competence Course is the second level of Chartered Accountancy examinations. A person can take the IPCC Examination after passing CPT and nine months of study. IPCC has two groups of seven subjects. Group-I consists of four subjects and Group - II of three subjects.
Level 3: CA Final Examination is the last and final level of Chartered Accountancy Examinations. It is considered as one of the toughest exam in the world. Any person who has passed both the groups of IPCC, during the last six months of articleship can take the Final Examination. This exam consists of two groups of four subjects each.
Students can pursue CA together with graduation or after completing graduation in any subject.
(b) ICAI (Institute of Costs Accountants of India): The Institute of Cost Accountants of India (ICAI) which was formerly known as Institute of Cost and Works Accountants of India (ICWAI), is the only professional body specialized in the field of Cost and Management Accountancy in India aims at imparting coaching and training in the subject of Cost & Management Accountancy. Institute of Costs Accountants monitors all costs involved in making a product or providing a service, from raw materials and labour to administrative costs and overheads. In other words, the cost accountant collects, collates, and interprets data relating to the organization's business activities and converts them into money terms, thereby guiding managerial decisions and enabling the organization to maximize profits.
The Institute of Cost Accountants of India (ICWAI), ICWAI Bhawan, 3, Institutional Area, Lodhi Road, New Delhi- 110003 provides training in this area to students who have completed plus two. The students have to clear three levels, ie, Foundation, Intermediate and Final. Graduates are exempt from doing the foundation course. ICWAI has several branches all over the country.
The Company Secretary Course is conducted in three stages as under:
*Foundation Programme: Candidates who have passed Senior Secondary Examination (10+2) are eligible for admission to Foundation Programme.
*Executive Programme: Graduates in any stream excluding Fine Arts or candidates who have passed the Foundation Examination are eligible to join Executive Programme.
*Professional Programme: A registered student is admitted to the Professional Programme on passing the Executive Examination.
Thus, the sky is the limit and plenty career options are available to commerce students, what is required is excellence and remaining focused towards one's goal.
Upcoming Entrance Exams Details 2019-20
Exam date:25 Nov 2018
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Exam date:6 Jan 2018
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Exam date: 16th Sept. 2018
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Books play a very important role for the preparation of any kind of examination. The following table shows the names of the books which every aspirant must study:
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