Bachelor of Commerce (B.Com)
Commerce is essential to the global economy. It encompasses everything related to the buying and selling of goods and services at both the wholesale and retail levels.
- Commerce involves the exchange of goods and services, often for a profit
- There are two branches of commerce – trade, and aids to trade.
- Trade can be either internal (within a country’s borders) or external (between countries).
- Aids to trade include transport, warehousing, distribution, advertising, insurance and banking.
- There are seven primary commerce business models: B2C (Business to Customers) , B2B (Business to Business), B2A (Business to Administration), C2A (Customers to Administration), C2C (Customers to Customers), C2B(Customers to Business) and DTC (Direct to Customers).
Commerce is defined as the exchange of goods and services between two or more entities. It typically involves buying and selling things of value. Commerce can take place between businesses, between consumers, or between businesses and consumers. Commerce involves an exchange of value and often generates a profit for one of the parties involved. It also includes services provided by companies and other organizations that facilitate the commerce exchange. Commerce is important to society in five essential ways:
- Commerce satisfies individual wants and needs
- Commerce links producers and consumers
- Commerce increases the standard of living
- Commerce creates employment opportunities
- Commerce generates profits
There are many reasons to study a commerce degree, from the transferrable skills one learns, to the people and network established along the way.
Develop key business skills
There are many skills that required for a career in business and commerce. Communication is absolutely key for starting and maintaining profitable relationships, presenting winning pitches and drafting proposals. Learning to work in a team, putting ideas forward coherently and dealing with differing opinions. Project management is something else, solving problems and prioritising to deliver services on budget and on time are learned in commerce degree program. Other skills that will equipped during the degree program includes:
- An understanding of economics and how markets affect a business
- Numeracy and the ability to interpret financial data
- Analytical and critical thinking
Employability
Many – if not all – of the skills previously mentioned are highly transferrable and useful in almost any job. If one can manage their time well, communicate effectively, and work as part of a team, one will be in demand by employers in a range of industries, such as:
- Accounting
- Consultancy
- Finance
- Human resources
- Law
- Management
- Marketing and advertising
- Financial Technology
An introduction to the business world
Gain insight into the world of business and commerce from experienced lecturers and tutors with practical experience and industry roles. One may also get the opportunity to learn from guest speakers and/or to undertake work experience.
Be your own boss
The degree will help to gain knowledge of financial management and accounting so that one feels confident and equipped to start their own business. An individual may be creative and have the best business idea in the world, but it will be greatly enhanced by knowing how to market their product. A degree in commerce is also a chance to network and share ideas with like-minded individuals.
Learn about multiple disciplines
Commerce is a wide subject, focusing on areas including economics, accounting, finance, human resource management, entrepreneurship and supply chain management. This will enable a student to tailor their learning to what interests them most.
RAAK Arts & Science College is offering a three years undergraduate degree program Bachelor of Commerce (B.Com.). The college is affiliated to Annamalai University, Annamalainagar, Chidambaram, India. The course is based on the syllabus (curriculum) prescribed by the University.
Curriculum Focus:
| Tamil-I | Tamil-IV |
| Communicative English I | English Through Literature – II |
| Financial Accounting I | Corporate Accounting II |
| Business Organization | Company Law and Secretarial Practice |
| Tamil-II | Cost Accounting I |
| Communicative English II | Income Tax Law and practice I |
| Financial Accounting II | Entrepreneurial Development |
| Tamil-III | Digital Marketing Theory |
| English Through Literature – I | Cost Accounting II |
| Corporate Accounting I | Income Tax Law and practice II |
| Business Communication | Management Accounting |
Career Pathways:
| Taxation | Government |
| Banking | HR Assistant |
| Audit | Business Consultant |
| Accountant | Digital marketing |
| Financial Analyst | Education |
| Insurance | Financial Risk Manager |
| Chartered accountant | Financial services |
| Company secretary | Manufacturing service |
| Finance & Certified Financial Planner | Probationary Officer |
| Marketing Manager | Telecommunications |
| Accounting & Business Analyst | Account Executive |
Programme Outcomes (PO’s):
PO1: Disciplinary knowledge: Capable of demonstrating comprehensive knowledge and understanding of one or more disciplines that form a part of an undergraduate Programme of study
PO2: Communication Skills: Ability to express thoughts and ideas effectively in writing and orally; Communicate with others using appropriate media; confidently share one’s views and express herself/himself; demonstrate the ability to listen carefully, read and write analytically, and present complex information in a clear and concise manner to different groups.
PO3: Critical thinking: Capability to apply analytic thought to a body of knowledge; analyse and evaluate evidence, arguments, claims, beliefs on the basis of empirical evidence; identify relevant assumptions or implications; formulate coherent arguments; critically evaluate practices, policies and theories by following scientific approach to knowledge development.
PO4: Problem solving: Capacity to extrapolate from what one has learned and apply their competencies to solve different kinds of non-familiar problems, rather than replicate curriculum content knowledge; and apply one’s learning to real life situations.
PO5: Analytical reasoning: Ability to evaluate the reliability and relevance of evidence; identify logical flaws and holes in the arguments of others; analyze and synthesize data from a variety of sources; draw valid conclusions and support them with evidence and examples, and addressing opposing viewpoints.
PO6: Research-related skills: A sense of inquiry and capability for asking relevant/appropriate questions, problem arising, synthesising and articulating; Ability to recognise cause-and-effect relationships, define problems, formulate hypotheses, test hypotheses, analyse, interpret and draw conclusions from data, establish hypotheses, predict cause-and-effect relationships; ability to plan, execute and report the results of an experiment or investigation
PO7: Cooperation/Team work: Ability to work effectively and respectfully with diverse teams; facilitate cooperative or coordinated effort on the part of a group, and act together as a group or a team in the interests of a common cause and work efficiently as a member of a team
PO8: Scientific reasoning: Ability to analyse, interpret and draw conclusions from quantitative/qualitative data; and critically evaluate ideas, evidence and experiences from an open-minded and reasoned perspective.
PO9: Reflective thinking: Critical sensibility to lived experiences, with self awareness and reflexivity of both self and society.
PO10: Information/digital literacy: Capability to use ICT in a variety of learning situations, demonstrate ability to access, evaluate, and use a variety of relevant information sources; and use appropriate software for analysis of data.
PO11: Self-directed learning: Ability to work independently, identify appropriate resources required for a project, and manage a project through to completion.
PO12: Multicultural competence: Possess knowledge of the values and beliefs of multiple cultures and a global perspective; and capability to effectively engage in a multicultural society and interact respectfully with diverse groups.
PO13: Moral and ethical awareness/reasoning: Ability toembrace moral/ethical values in conducting one’s life, formulate a position/argument about an ethical issue from multiple perspectives, and use ethical practices in all work. Capable of demonstratingthe ability to identify ethical issues related to one’s work, avoid unethical behaviour such as fabrication, falsification or misrepresentation of data or committing plagiarism, not adhering to intellectual property rights; appreciating environmental and sustainability issues; and adopting objective, unbiased and truthful actions in all aspects of work.
PO14: Leadership readiness/qualities: Capability for mapping out the tasks of a team or an organization, and setting direction, formulating an inspiring vision, building a team who can help achieve the vision, motivating and inspiring team members to engage with that vision, and using management skills to guide people to the right destination, in a smooth and efficient way.
PO15: Lifelong learning: Ability to acquire knowledge and skills, including „learning how to learn‟, that are necessary for participating in learning activities throughout life, through self-paced and self-directed learning aimed at personal development, meeting economic, social and cultural objectives, and adapting to changing trades and demands of work place through knowledge/skill development/reskilling.
Programme Specific Outcomes(PSO’s):
PSO1 – Placement:
To prepare the students who will demonstrate respectful engagement with others’ ideas, behaviors, beliefs and apply diverse frames of reference to decisions and actions.
PSO2 – Entrepreneur:
To create effective entrepreneurs by enhancing their critical thinking, problem solving, decision making and leadership skill that will facilitate startups and high potential organizations
PSO3 – Research and Development:
Design and implement HR systems and practices grounded in research that comply with employment laws, leading the organization towards growth and development.
PSO4 – Contribution to Business World:
To produce employable, ethical and innovative professionals to sustain in the dynamic business world.
PSO 5 – Contribution to the Society:
To contribute to the development of the society by collaborating with stakeholders for mutual benefit
