03 August, 2008

Benefits of Bachelor of Commerce Course

By C. Radhakrishnan

I, as a teacher very strongly believe that one should choose a course on the basis of pure interest rather than peer pressure, parental pressure or circumstantial pressure. The following facts very clearly illustrate the current relevance of this course.

In my analysis and discussions with known people about the scope and aim of this course, I found that the Bachelor of Commerce Degree Course aims to provide students with a good grounding in various fields of business and an opportunity to specialize in a selected area of business. The syllabus prescribed by the universities is designed for a rapidly changing world with innovation, market-relevance, flexibility and an international focus. This builds a bridge between the academic environment and the world outside.

The subject, Accounting will enable you to understand and critically analyze financial reporting issues and their impact within the framework of the Generally Accepted Accounting Principles. They will also develop an understanding of cost and management accounting techniques for planning, decision-making and performance evaluation. This will provide a foundation in the procedures of auditing and international taxation.

The subject, Finance will allow you to gain an in-depth understanding of the role of financial management in the business firm, including the calculation and use of financial ratios. This can also develop an understanding of how companies choose between possible investments and how they raise capital. Besides, you can acquire knowledge about the role of financial institutions particularly the operation of securities markets. The course will equip you with the ability to analyze the riskiness of investments and the use of hedging with options and futures to reduce the risk of an investment portfolio.

I understood that the Bachelor of Commerce is designed to prepare students with a good grounding in various fields of business studies while focusing on the Human Resource Management specialization. The program equips us with the ability to identify, analyze and solve complex business problems. From a human resource perspective, students can develop abilities to understand the environment and processes of recruitment and selection, apply concepts and techniques to promote change, manage and develop people and apply appropriate occupational health and safety practices in organizations. In brief this will provide critical perspectives on the role and functions of HR professionals.

Management is the art and science of planning, coordinating and leading group efforts. It is the mobilizing of human and material resources to achieve organizational goals. Managerial skills include the ability to make sound judgments on issues that arise at work and to achieve objectives through organizational skills. I know that this course aims to provide a basic understanding of how to apply key managerial concepts and theories in the contemporary work environment. I strongly assume that B. Com assists students in developing interpersonal skills and to understand how group dynamics affect individual and group behaviour. They develop an understanding of sources of change, barriers to change and effective ways of overcoming them.

It also provides the skills to generate products and services for which there is a defined customer need and to position the product or service in the market with effective promotion, pricing and distribution strategies. I hope it is geared towards problem-solving and management decision making and seeks to engage students in critical thinking processes, requiring in-depth analysis of qualitative and quantitative market data and development of subsequent marketing strategies.

The Bachelor of Commerce is designed to prepare students with a good grounding in various fields of business studies such as economics, accounting, management, and marketing. The course equips us with the ability, tools and multi-dimensional expertise required in the fields of commercial activities from a technical and financial perspective. The Bachelor of Commerce is structured so as to develop professionals to be career ready and able to effectively apply competence and implement strategies within the context of current fast growing globalised commercial world of business.

Finally, the subjects available within the B.Com lead to careers in virtually every area of business and government in India and internationally. Possible career paths include money market operations, professional accounting, financial journalism, sport promotion, social and economic policy development, international trade, human resources and teaching and information systems. It is my firm conviction that this course will equip learners with all required talents to excel in today’s increasingly competitive and global environment.