Future in Commerce: B.Com Course Admission Open for 2024
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Duration

4 Years
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Eligibility

12th
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Fees

Total 1,19,000 INR only

Admission Open 2024-25 | Bachelor of Commerce B.Com (Hons)

About the B.Com (H) Programme

Department of Commerce at Usha Martin University – top University in Ranchi, has imbibed the tradition of exploring new frontiers of knowledge and innovation in academics. The Department of Commerce is highly acclaimed and coveted for its academic excellence aims to impart interdisciplinary and multidisciplinary knowledge in the field of Commerce. The Department offers Bachelor of Commerce (Honors), and Master of Commerce (M. Com). The pedagogy and curriculum of our undergraduate and postgraduate programmes in Commerce are industry driven, focused on experiential learning which equips learners with skills, knowledge, and attributes to become successful in competitive world.

Department of Commerce: Salient Features

  • Industry oriented pedagogy where students are taught through real business case studies, industry projects, internships, industry visits, guest lecture, workshops and seminars.
  • Highly qualified and well-seasoned teaching faculty who have substantial experience in corporate and academics.
  • Special classes and workshop on taxation, business intelligence and data analysis wherein students acquire hand on training on business intelligence tools like Microsoft Power BI, SQL and advanced excel
  • Congenial and cordial academic atmosphere where innovation and creativity are highly encouraged.

About the Programme B.COM (H) as per NEP Framework

UMU offers B. Com (H) Accounts/Taxation specialization courses under Department of Commerce spread over eight semesters with each semester of six months. B. Com (H) is a four-year full-time undergraduate program that investigates standards of bookkeeping, monetary arranging and monetary hypothesis with a specific focus on tax assessment. The B COM(H) programme is designed as per NEP framework. If a student exits after three (3) years, he/she will be awarded B. Com Degree. This course is designed to prepare students for technical training in accounting, taxation, and finance. B. Com (H) programme is well suited for students who are passionate about commerce in accounting and taxation to build a career in the accounting and financial sector. Upon completing the course, students can work as Accountant, Finance officer, Assistant Finance Officer, Tax Consultants, Tax Specialists, Senior Tax managers, Tax Compliance Managers, Cost Estimators, Lecturers, Financial Analysts, etc.

Employment role as Accountant, Operations Manager, Lecturer, Financial Analyst, Finance Manager, Account Executive, Executive Assistant, Chartered Accountant, Accounts Assistant, SAP Consultant etc.

Programme Overview

Programme Objectives

The Bachelor of Commerce (Hons) offering Accounts and Taxation as specialization is designed to offer a thorough understanding of a variety of courses to the prospective learners. We strive to make our students equipped with analytical skills and expertise in areas like Accountancy, Finance, Economics, Statistics, E-Commerce, Business Environment etc. We believe in learner centric and innovative teaching learning education process and therefore we make sincere efforts to impart practical knowledge to our students.  This course also nurtures the communication skills and enriches problem solving abilities of students.

Programme Learning Outcomes

After successful completion of B.com (H) with Accounts or Taxation as specialization, the students will be able to:

  • Implement accounting principles, practices, and conventions and explain Indian Accounting Standards as well as International Accounting Standards.
  • Apply the knowledge and skills of auditing and taxation.
  • Explain & apply the provisions of different Acts that govern Commerce and Trade in our Country such as Indian Contract Act, Companies Act, Negotiable Instrument Act, etc.
  • Explain and examine the importance of Commerce, Trade, Industry, Banking, Finance, Insurance and communication at personal and professional level.
  • Acquire and demonstrate coded commerce knowledge and skills to explore in the field of higher education and also able to engage in research & development in Commerce field.
  • Exhibit capability and competencies to work as an individual or in a group to achieve individual as well as an organizational objectives or goals.
  • Develop entrepreneurial and professional management skills to run their own business and start-ups.
Programme Opportunities
  • After completing B. Com (H) Accounts/Taxation the students can pursue diverse post graduate courses like M. Com, MBA, Economics etc. These will not only make them a valuable asset for the national job market but also give wings to their dreams for exploring the global job market to further their career.
  • If one aspires to become a Chartered Accountant, then B. Com is the best choice. Almost all Universities in India offer B. Com degree due to its immense scope in the national & global job market.
  • B. Com (Hons) Taxation graduates may choose to work in job profiles like Accountant, Auditor, Consultant, Company Secretary, Business Analyst, Finance Officer, Sales Analyst, Junior Analyst, Tax Accountant, Stock Broker, Investment Banker, Economist, Business Development Trainee and so on depending upon their potential and interest.
B. COM (H) Accounts/Taxation specialization

B. Com (H) Accounts/Taxation admission is offered to only those students who meet the eligibility criteria. B. Com (H) Accounts/Taxation eligibility is, students must pass 10+2 or any other equivalent examination from a recognized board with an aggregate of at least 50%. In addition, students must have studied any stream from Commerce/Science in 10+2.

B. Com (H)  Accounts/Taxation Course Suitability

  • Applicants should have skills such as the ability to think differently, a creative mind, good communication skills, updated general awareness, abundant knowledge about the taxation sector and the market, and the ability to work as part of a team.
  • They must have strong problem-solving skills, proficiency with the Microsoft Office software suite, and excellent Excel spreadsheet skills.
  • They have also the option of going for further degrees like Masters and then for research work.
B. Com(H) with Accounts/Taxation specialization employment areas
  • Banking Sectors
  • Corporate Sectors
  • Customs Departments
  • Excise Departments
  • Indian Economic Services
  • Import/Export Companies
  • Research Firms
  • State Sales Tax Laws
B. Com (H) with Accounts/Taxation specialization Job Types
  • Accountant
  • Budget Analyst
  • Corporate Analyst
  • Financial Analyst
  • Risk Analyst
  • Revenue Agent
  • Securities Analyst
  • Tax Advisor
B. Com (H) Teaching Methodology and Techniques

B. Com (H) in different teaching methods. Along with lectures and practical training, the students are skilled in elective subjects like E-commerce, Advertising, Personal Selling, etc. The teaching methodology is designed to offer expert training to all students in all commerce disciplines. Listed below are the teaching methodology and strategies in general:

  • Group Projects
  • Conceptualized Learning
  • Lectures
  • Practical Lab work
  • Talks from guest speakers
  • Com Taxation Projects

B. Com (H) projects offer students an understanding of real-time work environments. Projects help students in getting real-time experience in the practical world. Taxation projects can be used for solving real-life tax-related problems in businesses. Projects enhance the skills and learning ability of the students. Some in-demand taxation projects for B. Com students are:

  • Difficulties and Prospects of Tax Administration in India
  • Roles of Multinational Companies in Tax evasion and Tax avoidance in India
  • An Evaluation of the role of value-added tax as a source of income in India
  • Impact of Company Income Tax Revenue on Developing Economies
  • The procedure, Problem, and Prospects of Personal Income Tax Administration
How is B.Com (H ) Accounts/Taxation Course Beneficial?
  • It has been concluded in many recent surveys that more and more students are now opting for a degree that enables them to establish a good career in taxation areas.
  • B.Com. Accounts/Taxation degree holders can acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power.
  • The area of taxation is so vast that a candidate can select from the fields of different types of taxes, where one wants to specialize and establish.
  • B.Com. Accounts/Taxation the degree makes one eligible to work in the Accounts and Finance departments of various firms & companies, banks, government departments and agencies, educational institutions, and many other types of organizations.
  • The B.Com. Accounts/Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting, and Finance, thus making it easier to acquire a leadership / managerial role in the financial sector.

Semester Wise B.Com (H) Accounts/Taxation Syllabus

B.Com(H) Accounts/Taxation syllabus focuses on studying principles of accounting, financial planning, and economic theory along with an emphasis on Taxation. It introduces aspirants to an extensive variety of commerce and taxation concepts, including all types of taxes and accounting. B.Com Taxation 1st year subjects mainly focus on the introduction, while b.com 2nd year subjects emphasize in-depth core concepts. A semester-wise distribution for the four year of the syllabus .

B.Com (H) Accounts/Taxation Teaching Methodology and Techniques

B.Com (H)Accounts/Taxation in different teaching methods. Along with lectures and practical training, the students are skilled in elective subjects like E-commerce, Advertising, Personal Selling, etc. The teaching methodology is designed to offer expert training to all students in all commerce disciplines. Listed below are the teaching methodology and strategies in general:

  • Group Projects
  • Conceptualized Learning
  • Lectures
  • Practical Lab work
  • Talks from guest speakers
  • B. Com Taxation Projects

B.Com (H) Accounts/Taxation projects offer students an understanding of real-time work environments. Projects help students in getting real-time experience in the practical world. Taxation projects can be used for solving real-life tax-related problems in businesses. Projects enhance the skills and learning ability of the students. Some in-demand taxation projects for B.Com students are:

  • Difficulties and Prospects of Tax Administration in India
  • Roles of Multinational Companies in Tax evasion and Tax avoidance in India
  • An Evaluation of the role of value-added tax as a source of income in India
  • Impact of Company Income Tax Revenue on Developing Economies
  • The procedure, Problem, and Prospects of Personal Income Tax Administration

Programme Curriculum

FIRST SEMESTER

Subject Code Subject Name Credits
101 Language (Hindi) OR 2
111 Language (English) 2
102 Financial Accounting I 4
103 Principles of Management 4
104 Business Environment 4
105 Principles of Economics 4
106 Fundamentals of Marketing 4
107 Environment Science 2
Credit of 1st Semester 24

SECOND SEMESTER

Subject Code Subject Name Credits
201 Business Organization 4
202 Financial Accounting II 4
203 Banking and Financial Institutions 4
204 Business Entrepreneurship 4
205 Fundamentals of HumanResource Management 4
206 Information Technology &Business Communication 4
Credit of 2nd  Semester 24

THIRD SEMESTER

Subject Code Subject Name Credits
301 Business Regulatory Framework I 4
302 Business Economics I 4
303 Specialized Accounts I 4
304 Cost Accounting 4
305 Fundamentals of Business Finance 4
306 Basic Statistics 4
Credit of 3rd Semester 24

FOURTH SEMESTER

Subject Code Subject Name Credits
401 Business Regulatory Framework II 4
402 Business Economics II 4
403 Specialised Accounts II 4
404 Business Mathematics 4
405 Public Finance 4
406 E- Commerce 4
Credit of 4th Semester 24

FIFTH SEMESTER

Subject Code Subject Name Credits
501 Advanced Company Accounts 4
502 Income Tax Laws & Accounts 4
503 Company Law 4
504 Auditing 4
505 Elective 1 from Group A 6
506 Elective 2 from Group A 6
Credit of 5th  Semester 28

SIXTH SEMESTER

Subject Code Subject Name Credits
601 Financial Analysis 4
602 Indirect Taxes 4
603 Secretarial Practice 4
604 Project Report 6
Elective 1 from group B 6
Elective 2 from group B 6
Credit of 6th Semester 28
Grand Total of Credit Requirement for B.com. Hons. 152

List of Electives

Group A Group B
Management Accounting Fundamentals of Investment
Corporate Tax Planning Consumer Affairs and Customer Care
Banking and Insurance Business Tax Procedure and Management
Computerized Accounting System Industrial Relation and Labour Laws
Financial Market and Institution Business Research Methods and Project Work

How to apply

Usha Martin University offers admissions to wide range of degree programmes ranging from Bachelors to Post Graduate, Ph.D, M.Phil, in addition to diploma programmes. Usha Martin University aims to facilitate its students to select avenues as per their career goals and interest from among our MBA, BBA, B.Com, B.A (English), B.Sc. (Agriculture), BA (Journalism and Mass Communication), B.Sc. (Physiotherapy).

The admission process of Usha Martin University is fairly easy.

Candidates seeking admissions at Usha Martin University, have two options:

Online Applications:

Candidates who wish to apply online can fill up Application form by clicking “APPLY ONLINE” link on website and payment can also be made online through Debit card, Credit Card and Internet Banking.

Note: Those who are not able to make the online payment can send the payment to the University through a DD of Rs. 500/- in favour of Usha Martin University payable at Jharkhand.

 Offline Applications:

Candidates can download the Form from website. If the Application Form is downloaded from the website, the applicants are required to enclose a Demand Draft of `500/- in favour of Usha Martin University, Jharkhand, payable at Jharkhand along with the Application Form, failing which the application shall be rejected.

A duly filled Application Form must be delivered in person or sent through registered post/ speed post/ reputed courier service to ensure that the application form is received by the University within the specified time and date. The form can also be sent to the city office mentioned on the website

Candidates can also collect Application Form from University campus and its selected Branches Offices as mentioned

Note:

After receiving the application form, the candidates will be informed by the University officials within 7 working days, and the information about admission (Through Entrance Exam or Merit Basis) will be intimated to candidates accordingly.

  • If a student admitted to the institute is found to have given any false information or suppressed any material information, his/her admission will be cancelled, and fees will not be refunded.
  • Cost of application fee once paid is non-refundable.
  • The institute does not take responsibility for the delay in transit involved in receipt and delivery of any communication between the institute and the applicant.
  • All disputes are subject to the legal jurisdiction of District Ranchi, Jharkhand, (India).
  • Those who are given provisional admission due to non-declaration of their graduation result are required to submit the marks sheet up to 31st October 2020.
  • Students must follow all the rules and regulations, framed from time to time by the institute. Breach of any of these may render him/her liable for penalty under the rules and/or expulsion from the institute

The University reserves the right to alter the course content of the programmes, rules and regulations, teaching schedule, tuition fee payable, boarding and lodging fees and/or any other matter pertaining to its working. The Management’s decision will be deemed as final in all such matters.

The minimum eligibility criteria for the admissions to BCOM is as follows:

    • The candidate should have passed 12th (10+2) examination from any recognized board, University or council.
    • A candidate seeking admission in B.COM. programme must have secured a minimum of 50% marks in aggregate in 12th (10+2) Examination or equivalent.
    • Candidates belonging to SC/ST/OBC, physically challenged, war widow and other such categories, a relaxation of 5% would apply as per the Government of India reservation policy.

Frequently Asked Questions (FAQ's)

What is the B.com (H) program?

Ans: Bachelor of Commerce B.Com (H) It is a three-year course. Anyone interested in pursuing a career in commerce or science after completing their 12th grade with a good score can pursue a bachelor’s degree in business, or B.com.

What is the entire duration of B.com (H)?

Ans: The B.com (H) program duration is 4 years.

What good option is there after B.com (H) Degree?

After earning a B.Com. (H) degree, students can enroll in the M.Com.(H), master of commerce, or Chartered Accountancy (CA) program and become CAs after earning a B.Com. (H) degree. Cost and Management Accountant (CMA): Another highly regarded professional degree in the accounting and finance fields is the CMA.

Which is the best College in Ranchi for B.com (H) Course?

Ans: Usha Martin University which is the best college in Ranchi for Bachelor degree in Commerce B.com. (H)

What job opportunities are there after B.com (H)?

There are a few remarkable job opportunities after B.com. (H) One can become an accountant, tax consultant, financial analyst, banking officer or finance officer, business manager, or entrepreneur.

What is the minimum eligibility criteria for B.Com(Hons)?

The minimum eligibility criteria for any B.Com course is to have 50% marks in class 12 board examination from a recognized board of education, such as CBSE, ICSE, State Education Boards or equivalent boards.

Do you have any course in commerce?

Yes, we have Account/Taxation Under Graduate courses in commerce namely, B.Com (H).

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