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Komal
16 November, 2024
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Did you know that only 30% of employees feel well-equipped with the management skills necessary for jobs today? This means that the remaining 70% of you will face the heat of the existing skill gap. The choice is yours whether you want to fall in the bracket of 30% or 70%. You must acquire relevant management knowledge and skills for a successful professional life. But how would you do that?
This is where a BCom degree comes into play. A Bachelor of Commerce offers many subjects that contribute to your holistic development. In this three-year programme, you may learn about commerce, finance, and business principles. This degree equips students with critical skills in analytical thinking, decision-making, and financial literacy, essential for navigating the business world in various fields, such as banking, consulting, and entrepreneurship. This blog explores the top 14 subjects that you shall read in a BCom degree if you opt for the programme.
Also read: Online BCom: Unlock Opportunities with Skill-Based Learning
A programme such as BCom is a game changer. It would develop your subject-matter knowledge and the critical skills required for the finance industry. The curriculum is structured to take you through subjects like finance, accounting, management, tax, statistics, and more. Here is the list of all outcomes you would unlock along with this degree:
Enhance your management skills with commerce, accounting, management, and more.
Ability to apply the practical skills you would learn during this degree.
Enjoy highly rewarding opportunities after the completion of the programme.
Gain technological skills necessary for the current management industry.
Establishing a successful career in any current industry is a difficult task. You require an edge, relevant skills, and the ability to analyse SWOT (strength, weakness, opportunity, and threats). It is also important to learn to perform in high-pressure roles. With a BCom degree, you can stay relevant and catch up with the dynamic trends of the industry.
A BCom can increase your earning potential by enhancing your financial skills. It shall prepare you for leadership roles. Employers seek candidates who have developed a space for themselves in their particular industry.
In this global day and age, networking is key to building a successful career in the finance industry. This BCom programme lets you connect with like-minded people from diverse backgrounds.
A regular BCom programme offers an industry-specific quality education and relevant technological skills. Compared to other programmes, BCom provides a diverse range of information at an affordable price. BCom is among the most cost-effective and varied degrees in the current educational industry.
Also read: BCom Explained: Full Form, Course Details, Fee, Scope, Top Colleges
A BCom is designed to help you build a strong foundation in management and accounting. With these subjects, you can also select an elective that suits your interests. As we dive deep, let’s explore some of the topmost subjects you would study in a BCom programme. Lastly, we would also understand the impact of these subjects on your career. Are you ready to turn your geek on just as Amy Santiago would get excited?
This subject is one of the core subjects in a BCom programme. It would prepare you with the skills and knowledge for recording, summarising, and reporting. Here, the transactions are summarised and recorded as financial statements. A financial statement includes a balance sheet, income, and cash flow statement. Some of the key concepts include:
Learn to read and analyse a business’s financial statements.
Gain knowledge of the principles of accounting.
Understanding the whole process of the accounting cycle, from journal entries to trial balance and the making of final accounts.
Learning about the GAAP principles and fundamentals of the double entry system.
Learn to convert useful financial data into strategic information for stakeholders.
If you wish to pursue a career in accounting, auditing, or finance or start your own business, this is the most appropriate subject. The ability to create, analyse, and extract useful information shall help you create a successful business.
Want to learn about the legal issues that a business might face? From business laws to property laws, find it all here. As you learn these laws, you would also learn about your rights; this is the beauty of law. Here are some of the crucial laws that would be included:
Learn about your Intellectual Property Rights
Basic Consumer Rights
Get an introduction to contract and company laws
You gain necessary practical skills applicable in real situations through the course. It would be vital in preparing you with the regulations and requirements businesses must comply with.
Before you enter the economy professionally, learning about it in the micro and macro versions shall come in handy. It is another core subject in the curriculum. Economics is typically divided into microeconomics and macroeconomics.
Microeconomics: the study of decisions made by individual consumers. You need it to determine the prices of your products.
Macroeconomics: includes the bigger picture. If you want to learn how an economy moves, this is the course for you.
You can learn to analyse economic trends and hence make informed decisions.
Also read: 9 Best Courses After BCom for a Successful Career in 2024
If financial statements, journals, and accounts scare you, then corporate accounting can help. Here, you can learn how to analyse and extract meaningful information from a company’s accounts. It covers:
Management of financial statements.
Amalgamation, absorption, and reconstruction of companies.
Planning budgets and preparing financial reports.
Analysis of corporate performance through ratio analysis and other tools.
Corporate Accounting is ideal for those who aspire to work in corporate finance, auditing, or as Chartered Accountants. It is an extended and advanced version of financial accounting.
This subject would enhance your financial planning, problem-solving, and decision-making skills. By the end of the subject, you would develop a business sense and understanding of accounting principles. It includes:
Introduction to Management Accounting.
Cost budgeting and variance analysis.
Cost Accounting and Business Laws.
Strategic Management
Accounting Information Systems
Management accounting is a valuable subject if you aim to become a financial analyst, cost accountant, or hold managerial roles in companies. It would equip you with the skills to interpret financial data for strategic planning.
Taxes can be scary; have you ever heard of them? Imagine if you could understand the principles and meaning of both direct and indirect taxes. You shall learn:
Income Tax: Learn about the calculations and filing of income tax, etc.
Goods and Services Tax (GST): Learn about the heavy taxes you pay when buying a good or service.
Corporate Taxation: Impact of business decisions and impact on taxes.
If you want to build your career as a tax consultant or a corporate accountant, then here is your life guide. These roles require an understanding of business tax regulations.
Cost accounting focuses on tracking and analysing production costs, operations, etc. Key areas include:
Understanding different types of costs such as fixed, variable, direct, and indirect costs.
Preparation of cost sheets and statements.
Marginal costing and cost control techniques.
Analysis of cost behaviour for effective decision-making.
If you have a strong background in cost accounting, your ideal career can be in cost management or internal auditing. However, you can also be critical in formulating pricing strategies for products and services.
It is a beautiful mix of finance and management. This course teaches you how to manage an organisation’s capital. This subject can open a gateway to lucrative careers.
Learn about budgeting and investments.
Risk and portfolio management.
Learn the intricacies of capital management.
Some examples of lucrative careers in finance are investment banking, portfolio management, financial consulting, etc. These careers prepare you to make strategic financial and investment decisions.
Want to take your product to a larger market? In today’s day and age, nothing works without marketing. To understand the market, you must understand your consumers. This subject would include:
Detailed market and consumer research.
Four important P’s of marketing (Product, pricing, etc.)
Digital marketing and social media strategies.
Brand Management
Focus on this subject if you want to unlock careers such as marketing consultants, entrepreneurs, digital marketers, or social media strategists. It enhances your skills to understand market trends and develop effective strategies.
In this subject, you may learn to analyse organisations’ financial statements. It is an examination of accounts and legal compliance. It includes:
Understanding auditing and its main objective.
Types of audit.
Documentation and reporting.
If your goal is to become a chartered accountant or a chartered secretary, then this subject is vital.
Also read: Distance BCom: Become a Commerce Expert with Distance BCom Degree
Effective communication is the essence of any business. It is a key skill in the business world, and the subject aims to develop your ability to convey information clearly and professionally. It includes:
Writing business reports, emails, and formal letters.
Presentation skills and public speaking.
Negotiation skills and conflict resolution.
Cross-cultural communication in a globalised business environment.
While discussing business, you cannot forget business communication. It is a valuable subject for all commerce students, as it enhances your ability to interact. This interaction, in a professional setting, can take place with clients, colleagues, or stakeholders.
While living digitally, you cannot avoid e-commerce. E-commerce has become a crucial aspect of business operations, and this course delves into the online business landscape. Key topics include:
Understanding online business models and digital payments.
E-marketing and online customer relationship management.
Security and legal aspects of online transactions.
E-commerce logistics and supply chain management.
E-commerce is ideal for those interested in digital business or online marketing. The subject provides insights into how businesses operate on the Internet.
Must have heard of or seen Shark Tank. If you plan to start your venture, then this subject can be your humble beginning. As it shall cover:
Learn about business planning, business opportunities, and market gaps.
Identification of feasible ideas and opportunities.
Understanding capital.
Long-term management of Startups and Micro Businesses.
You can acquire the skills and practical knowledge needed to turn ideas into successful opportunities with this specialisation.
It is a simple practice of finding, selecting, and managing an organisation’s employees. If you see yourself managing employees, then HRM can be the career for you. The field is related to:
Recruitment and hiring.
Managing payroll and employee records.
Regular training and compensation management.
Employee policies and workplace relations.
If you feel you can effectively perform the above roles, focus on this subject. Learn to manage individual and organisational goals.
A BCom programme is meant to provide a comprehensive understanding of the various aspects of commerce and business. As you complete your degree, you would be able to understand a business in its totality. It must equip you with a diverse skill set that can be applied in numerous fields. Whether you aspire to be an accountant, financial analyst, or entrepreneur, BCom is your answer. This curriculum would lay a strong foundation for your future. You can learn to thrive in a corporate setup with the right combination of subjects.
