Bachelor of Commerce B.Com.

B.Com. Program

Indian Academy Degree College started to offer B.Com in the year 1999. Ever since, B.Com programme has catered to commerce aspirants who desire to build their professional competence on higher plateaus, with specialized knowledge in the fields of business and commerce.

Bachelor of Commerce (B.Com) College is a three-year degree programme conducted in affiliation to Bengaluru North University, spread over six semesters. The students are exposed to various subjects varying from finance, marketing and human resources to entrepreneurship, taxation and accounting practice; fostered by subjects related to soft skills and effective communication skills. The department uses a variety of teaching tools to interact with students, ensuring efficient knowledge delivery. Our faculty members constantly adapt to and accept new techniques and methodologies in teaching.

Objectives:

To cater to manpower requirements of companies, in the fields of accounting, taxation, auditing, financial analysis and management.
To prepare students for pursuit of higher education that will propel them to become business scientists, researchers, consultants and teachers, with core competencies.
To develop entrepreneurship abilities and managerial skills, in students, so as to enable them to effectively establish and manage their own businesses.
To develop ethical leaders and managers for solving real life business problems, with competency and holistic approaches.
To provide a strong foundation, to students, for professions in the fields of accountancy -chartered accountancy, cost and management accountancy, capital and commodity markets, and insurance and banking sector, by helping them clear respective examinations.

Electives:

Accounting
Finance
Human Resources
Banking and Insurance

Name of the Department: COMMERCE

Programme Outcome (PO): Programme- B.COM (General)

PO1: The students will be employable in functional areas like accounting, taxation, banking, insurance and corporate law.
PO2: An attitude for working effectively and efficiently in a business environment. Learners will gain knowledge of various disciplines of Commerce, Business, Accounting, Economics, and Finance, Auditing and Marketing
PO3: Students acquire skills to work as tax consultant, audit assistant and other financial supporting services.
PO4: Students have choices to pursue professional courses such as CA, M.COM, MBA, CMA, ICWA, CS,etc
PO5: Students are able to play roles of businessmen, entrepreneur, managers, consultant, which will help learners to possess knowledge and other soft skills and to react aptly when confronted with critical decision making.

I SEMESTER

Course Outcome (CO): Course- Financial Accounting

Course Outcome (CO): Course- Indian Financial System

Course Outcome (CO): Course- Principles of Management

CO1: Evaluate the global context for taking managerial actions of planning, organizing andcontrolling.
CO2: Integrate management principles into management practices.
CO3: Contribute to the development, implementation, and evaluation of employee recruitment,selection, and retention plans and processes.
CO4: To have an understanding of the basic concepts, functions and processes of human resource management
CO5: To be aware of the role, functions and functioning of human resource department of the organizations.

Course Outcome (CO): Course- Corporate Administration

II SEMESTER

Course Outcome (CO): Course- Corporate Accounting

Course Outcome (CO): Course- E-Business & Accounting

Course Outcome (CO): Course- Business Ethics

Course Outcome (CO): Course- QADB - II

CO1: To communicate quantitative ideas both orally and in writing of correlation and regression.
CO2: To create quantitative models to solve real world problems in appropriate contexts
CO3: Frame problems using multiple mathematical and statistical representations of relevant structures and also find out missing values through interpolation and extrapolation
CO4: Formulate complete, concise, and correct sampling methods to select their sample for them reassert activities
CO5: Analyse emploCO5: Familiarizing students with probability theoremyee conditions and ethical codes.

Course Outcome (CO): Course-Public Relations & Corporate Communication

CO1: Identify, understand, and apply contemporary theories of leadership to a wide range of situations and interactions
CO2: Employability skills – time and resource management, conflict resolution, teaching and mentoring others
CO3: Help students understand the communication process, its benefits and challenges
CO4: Collaborate: students will develop the strategies to work with others to achieve specific goals
CO5: Learn to evaluate and improve upon personal leadership strengths and weaknesses

V SEMESTER

Course Outcome (CO): Course- Entrepreneurship Development

CO1: Understand the importance of Entrepreneurship in present era.

CO2: Acquire knowledge on establishment and policies of Small-Scale Industries.

CO3: Formation and future prospectus of Small scale Industries.

CO4: The practical exposure to prepare Business plan for future Startups.

CO5: To analyze the role of Financial Institutions in encouraging future Entrepreneurs.

Course Outcome (CO): Course- IFRS

CO1: Understand the need of IFRS

CO2: Acquaint with the internationally accepted accounting standards

CO3: Convergence with existing indian standards

CO4: Prepare financial reports: as per requirement under Ind AS and IFRS

CO5: Understanding the difference between old standards and IFRS

Course Outcome (CO): Course- Income Tax -I

CO1: Understand difference between Income tax bill and Act.

CO2: Application of Provisions relating to various Heads of Income.

CO3: To enable student’s analysis the taxability of various heads of income.

CO4: To understand the deductions and exemptions for various heads

CO5: To familiarize the function and structure of CBDT

Course Outcome (CO): Course- Costing Methods

CO1: To familiarize students with the basic concepts of cost and various methods and techniques of costing.

CO2: Identify the specifics of different costing methods.

CO3: Application of costing methods to both manufacturing and service industry.

CO4: To be able to analyze and evaluate information for cost ascertainment, planning, Control and decision making

CO5: Summarize process, job, batch Costing and prepare a process cost report.

Course Outcome (CO): Course- Advanced Accounting (Elective1)

CO1: Preparation of different schedules with respect to final accounts of Banking companies.

CO2: Preparation of financial statements of Life Insurance Company

CO3: Preparation of financial statements of General Insurance Company

CO4: Students will learn relevant financial accounting career skills, applying both quantitative and qualitative knowledge to their future careers in business.

CO5: Able to demonstrate knowledge of various advanced accounting issues related to Financial Accounting within a global and or ethical framework

Course Outcome (CO): Course- Goods and Services Tax (Elective 2)

CO1: understanding the need and importance of GST in India over the old taxes

CO2: Assessment and Payment of GST

CO3: Availing the benefits of Input tax credit and adjustments.

CO4: To understand Dual GST structure in India.

CO5: To enable students analyze the provisions under GST Act.

Course Outcome (CO): Course- International Financial Mgmt (Elec 1 – Fin)

CO1: To familiarize students with the concept of Financial Management, Financial markets and intermediaries.

CO2: Identify and appraise investment opportunities in the international environment.

CO3: Understanding host country’s Environment, Application of the techniques of Investment Appraisal and Capital Rationing.

CO4: To enable them to know Capital structure theories, valuation of shares, debt and Risk management techniques.

CO5: Understand international capital and foreign exchange market.

VI SEMESTER

Course Outcome (CO): Course- Business Regulations

CO1: To familiarize students with the basic elements of Law, contract, Agreement & Breach of Contract.

CO2: Explain the concepts in business law to current business environment.

CO3: Integrate concept of business law with foreign trade.

CO4: Understanding in detail the sale of goods act, Competition act and rights & duties of Consumer protection Act.

CO5: Overview of FEMA Provisions, Grant of Patents and Environment Protection Act.

Course Outcome (CO): Course- Principles & Practices of Auditing

CO1: To familiarize and educate students on the Auditing concepts.

CO2: Critically evaluate the role and responsibilities of the external auditor and the audit process

CO3: Appraise the legislative and professional provisions (auditing standards and ethical guidelines) that constitute the regulatory framework for the conduct of external auditing.

CO4: Formulate how the auditor obtains an understanding of the entity and its environment, when planning and assessing the risk of the audit.

CO5: To familiarize the students of the audit procedure of different types of undertakings.

Course Outcome (CO): Course- Income –Tax II

CO1: To make students know Tax structure in India.

CO2: To make student understand the procedure adopted by government to compute the tax liability on Incomes

CO3: To enable students to get familiarized with various Provisions relating to Deductions.

CO4: To enable students analyse the various sources of Incomes which are taxable and which are exempt under the Act.

CO5: To familiarize the students with the authorities for Levy and Collection of taxes .

Course Outcome (CO): Course- Management Accounting

CO1: To familiarize the students with various principles and Techniques of Management Accounting.

CO2: Enable them acquire skills needed to analyze

CO3: Interpret the performance of the firm through preparation of financial statement.

CO4: To make students apply accounting ratios to extract the financial performance of the firm.

CO5: Understand change in financial position through preparation of fund flow and cash flow analysis

Course Outcome (CO): Course- Business Taxation

CO1: Understand the procedure by government to compute the tax liability on Imports and exports.

CO2: Analyze the provisions of taxability on businesses like Company and Partnership firm.

CO3: Importance of E-filing of returns with availability of different forms and dates for payment and filing it.

CO4: Enable students to analyse tax structure in India.

CO5: Knowledge of slab rates and turnover limits for tax purpose.

Course Outcome (CO): Course- Cost Management

CO1: Calculation of different elements in marginal costing like ratios, fixed and variable cost

CO2: How to prepare different types of budget

CO3: Differentiate between the traditional costing system and how it will be effective in Activity Based Costing.

CO4: Evaluate different variance especially Material variance and Labour variance

CO5: Conceptual procedure of different methods applied in cost control and cost reduction

Course Outcome (CO): Course- Performance Management (Fin. Elec)

CO1: Understanding the techniques of decision making like marginal costing and standard costing.

CO2: To make students to understand the difference between the traditional costing system and how it will be effective in activity based costing.

CO3: To make student understand the procedure of different methods applied in cost control and cost reduction.

CO4: Understanding different types of budgets

CO5: Understanding the concepts of management reporting and management information systems.

Course Outcome (CO):Course- International Audit & Assurance (Fin. Elec)

CO1: Evaluate the nature, purpose and scope of an audit and the legal, regulatory and ethical framework for auditing.

CO2: Identify procedures required to evaluate control risk.

CO3: Analyse the nature of internal control systems related to audit including IT systems.

CO4: Formulate how the auditor obtains an understanding of the entity and its environment, when planning and assessing the risk of the audit.

CO5: To familiarize the students of the audit procedure of different types of undertakings.