Bachelor Of Commerce (B.Com)

What is B.Com?

Bachelor of Commerce is often referred to as B.Com. The duration of the course to get this degree is 3 years in India, which is basically divided into 6 semesters. Anyone who has pursued 10+2 from any recognized board or university in India can go for this course.

Students who choose commerce as their selection until 12th standard mostly opts for B.Com., but students from Science or Arts field can also see this course as a career prospect. This course is designed by competent accounting professionals, to aspire students towards entrepreneurship while also encouraging them to go for the Master's program.

B.Com stands for Bachelor Of Commerce

What are the subjects in B.Com?

B.Com covers a wide subject range. These subjects are divided between six semesters, below you can find a list of subjects:-

The students in Bachelor Of Commerce (B.Com) mostly learn about the below-mentioned subjects.

B.Com Semester 1 Syllabus
Financial Accounting	Generic courses like Micro Economics Principles or Planning New Ventures, etc.
Business Management and Organization	Environmental Studies

B.Com Semester 2 Syllabus
Language: English/Hindi	Laws of Business
Generic Elective course i.e., Principles of Macro Economics or Economics of Regulation of Foreign Exchange and Domestic Markets	Business Statistics and Mathematics

B.Com Semester 3 Syllabus
Company Law	Income Tax Laws
Discipline-Specific course like Economy of India or Financial Markets and Institutions, etc.	Skill Based elective like Insurance and Banking or Financial Reporting and Analysis

B.Com Semester 4 Syllabus
Indirect Tax Laws	Corporate Accounting
Discipline-Specific courses like Industrial Laws or Human Resource Management	Skill Based Elective course like Investing in Stock Markets or E-Commerce

B.Com Semester 5 Syllabus
Corporate Governance And Auditing	Cost Accounting
Discipline-Specific Elective course like ) Principles of Marketing or Training and Development, etc	Skill Based Elective course like Computer Applications in Business or Advertising, etc.

B.Com Semester 6 Syllabus
Fundamentals of Financial Management	Business Communication

This is the Syllabus, but it may vary and differ a bit from state to state and also with years. But the basic fundamental remains the same. This course is also suitable for the students who want to pursue other courses also along with this. The students doing B.Com can take up CA, CWA, CSS, and other courses easily.

What is the Scope of B.Com Degree?

The scope of the B.Com degree is pretty wide. With B.Com a student develops managerial skills, as well as, can find areas that are suitable to apply those skills.

While studying B.Com a person gets more than basic knowledge about the financial sector, banking, business, industries, law, government services, management, and entrepreneurship.

Also while doing B.com, a student can keep his mind free from pressure which comes with other courses, so that he can also focus on other courses like CA, CS in case if they want to. Also, many people do part-time work also while doing B.Com which might not be possible while doing other courses. While doing B.Com and part-time jobs together, a student gets practical knowledge about what he is learning, which is the most positive part of this course.

If you are a B.Com graduate, there will always be a scope for you. But one should remember that this is not a specialized course. So you won’t be specializing in a particular subject, but you will be gathering a little bit more than basic knowledge about many things. So you can’t say that this course is something which guarantees a very high pay scale, but again this course paired with a specialized course, and practical knowledge gained while doing B.Com can do wonders for a person if applied properly.

Is B.Com Good or Bad?

When a student gets a degree in B.Com means that he/she is a graduate in the stream of Commerce. So, certainly, it is not bad. With a degree in B.Com, a student can get a job in a company. Additionally, it is the first criterion for many entrance exams like MBA, CFA. For students who wish to pursue M.Com too need to clear their B. Com.

What is the difference between B. Com and B. Com (hon)?

First, let us discuss the similarities between B. Com and B. Com(hon).

Both are three-year courses.
The eligibility for both is also the same, which being 50% or more in HSc examination (10+2) from a recognized education board. However, students who have chosen Commerce in 10+2 are given preference over others.

Now the difference,

Students who choose to study Hons need to study a few specialized subjects along with General B.Com subjects by selecting one paper in each semester beginning from the 3rd semester. This means that in the 3rd, 4th, 5th, and 6th semesters, the students will select a special paper in Banking, Accounting, and Finance, Economics, or Management Studies.

Pros and Cons of B. Com

Pros

B.Com being a degree cannot be a complete waste. It definitely has its strong points. But firstly, one should be absolutely clear that he/she is sincerely interested in the stream of Commerce.
B. Com will give you an in-depth knowledge about economy, finance, management, how businesses work, their advantages, and disadvantages. Not only is B.Com helpful from a career point of view, but it would also help one in the day to day budgeting and simple book-keeping, understanding profit and loss too.
B. Com is the first step towards and specialization course in the stream of Commerce like CA, MBA, CFA, M. Com, and many more. Even if you don't want to specialize in any particular field but start your own business, the basic knowledge of accounting and book-keeping would help you understand the profits and losses in your business.
Housewives retired people and students who are good with accounts can work part-time in small firms or with Chartered accountants and write accounts for their clients. Each and every business owner needs to maintain their account books for which they need accountants or B. Com graduates.

Cons

Now there are cons but none which cannot be easily overcome. Students pursuing B. Com usually choose it as they think that it wouldn't need a lot of hard work and they can enjoy their life and have fun. Agreed that B. Com may not be as competitive or difficult as Science streams but if taken seriously and worked hard and systematically, B. Com can be the stepping stone of a very fruitful, fulfilling, and lucrative career in the field of Commerce. As science may have a limited or specific purpose, B.Com has a vast purpose. Everyone in any field, science, business, aviation, banks, everywhere there are accounting needs, making a huge scope for B.Com Graduates.

Finally, we can say that B.com particularly may not be that significant individually, but when paired with proper further education or with the practical knowledge gained while doing the course can really lead to a very lucrative future. Especially in a country like India, where GST was implemented 2 years back, and slowly even small businesses turning digital, there is a huge rise in demand for accounting jobs, making the future very bright for B.Com Graduates.

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