Departments - Rajiv Gandhi Government Degree College Chaura Maidan Shimla-4

DEPARTMENT OF COMMERCE

Brief Profile of the Department

Rajiv Gandhi Government Degree College, Shimla, occupies a strategic position in higher education in terms of providing academic lead and administrative facilitation to the teachers and students. The Department of Commerce was established in 1986 with two teachers and about twenty students. Over a period of years, the department has grown from strength to strength. The department aims to nurture commerce professionals with a high level of knowledge and competence to effectively contribute to the society with commitment and integrity. The department is one of the biggest departments of our college with strength of about six hundred students and five faculty members teaching B.Com program. The dedicated faculty, which is a perfect blend of experience and youth, always aims at all round development of students.

Academic Goals of the Department

To bring changes in the mode of instructional delivery and use better teaching aids for an effective teaching-learning experience.
To enhance leadership skills and teamwork through various co-curricular and extra-curricular activities.
To respond to changing student needs and equip them to face the challenges of emerging/changing national and global trends.
To create a dynamic campus climate to help students to adapt to the changing contemporary trends for better career opportunities.
To provide a valuable college experience to enhance articulation, self understanding, co-existence and cultural sensitivity.
To enhance leadership potential and applicability of knowledge for successive period of personal life and professional career.

Plan

To promote research among the staff and students and arrange small projects and assignments based on syllabus to create research aptitude in students.
To encourage students to write research papers on various business and economic issues.
To organize more and more guest and extension lectures to keep abreast of the recent trends in the business world.

Activities Carried Out By The Department

1. Group Work/ Co-operative Learning
Students are made to work in small groups and are given assignments and projects. They are encouraged to develop critical thinking skills. However, sometimes problems like students’ unwillingness to participate, problem of co-ordination, only one student dominant in the group etc. come up during such projects. These problems are overcome by adopting the strategy of assigning some portion of work to each member and marking them individually on their respective performance.
Group discussions are also held on various topics to help students develop communicative and analytical skills.

2. Community Service
This is a practice continuously carried out. Our students are actively involved in various community outreach activities through NSS/ NCC/ Rovers and Rangers and other Clubs and Cells in the College. The students and staff are members of various social clubs, societies and NGO’s and are actively participating in various community service activities.

3. Technology & Research
An effort is also made to promote research insight among the students. The students carry out research projects. This would help those students who wish to pursue higher studies and research.

4. Guest Lectures
The department organises guest lecturers for the students on various topics including research techniques from time to time. Students are made aware of various research techniques and methods which they can apply in their research projects.

5. Career Guidance and Placement Talks
Career guidance and placement talks are organized every year. The students are made aware of the various career opportunities in the field of Finance, HRM and Marketing.

6. Field Visits
The students are also taken on field visits with the objective of enhancing their critical thinking skills through direct personal experiences.

7. Power Point Presentations
Students are encouraged to prepare Power point presentations that helps develop confidence and speaking skills. Presentations with visual aid are more interesting and persuasive and motivate students to learn.
Detail about establishment, courses offered and student strength. Highlight importance of courses offered by the department to the students. Department society details and any other information to be reflected in the college website.

Program Outcomes of Bachelor of Commerce

Bachelors Degree in Commerce will

Prepare students to become well trained professionals and provide them skills required in the fields like Industry, Banking and Finance, Insurance etc.
The Course will impart practical skills to the students to work in different professions like tax consultants, chartered accountants, company secretaries, stock advisors, brokers, cost accountants, auditors, management accountants, investment advisors, management consultants etc.
It will provide them skills in different areas of decision making, problem solving, innovation and communication in the day to day business activities and will also provide the ability to work independently as well as in groups
The Course will also provide them the ability to critically analyze and provide coherent and organized solutions to a variety of business and organizational problems.
It will further help the students to effectively communicate their understanding and analysis of the content areas during class discussions or in the form of written reports and also be able to provide constructive feedback.
After the completion of the course the capability of the students to make effective decisions will enhance both at personal and professional level.
They will be prepared for pursuing higher education and research.
It will also prepare students to undertake entrepreneurial activities or start up their own business.
It will nurture students to become professionals with a high level of knowledge and competence to effectively contribute to the society with commitment and integrity.
The Course also will help students in providing awareness regarding their personal engagement as a member of the global community.

Career Options in Commerce

1. Chartered Accountant (CA)
This is a professional level course which is administered by a professional body The Institute of Chartered Accountants of India. The level of difficulty under this course is much higher as compared to other bachelor courses. After clearing this course a student becomes a professional known as CA which might fetch them higher returns. Students need to study subjects like Taxation, Law, Auditing, Costing etc. The course is divided into different levels. Students need to clear all in order to be called as CA.

2. Company Secretary (CS)
The students who have interest in Law and theoretical subjects can opt for CS as a career option after class 12 commerce. It is also considered as a professional level course which is conducted by The Institute of Company Secretaries of India (ICSI). This course involves different levels like that of CA. By undergoing this course, students understand the functioning and legal compliance relating to companies.

3. Cost and Management Accountant (CMA)
This is yet another professional level course conducted by The Institute of Cost Accountants of India. The course is divided into different levels same as CA and CS. Under this students need to study and gain knowledge relating to Costing, Planning, Controlling and different aspects related to Management Accounting. 4. Certified Financial Planner (CFP)
All the students who have an interest in areas like Personal finance, wealth management, insurance planning, and mutual fund investing etc can pursue this course. This course is governed and conducted by Financial Planning Standards Board India (FPSB).

5. Hotel Management Courses

Students can also go for various Hotel Management courses. This course may vary for a time frame of 3 to 5 years, after which it fetches good returns in Hotel Industry. This course is good for all those students who have interest in the Hospitality sector. The course offers great job opportunities to students both in the government sector as well as private sector.

6. Investment Banker
Investment banking has been among the sought-after careers for ages. This work type is high risk and demanding in terms of time commitment. You will be helping various clients ranging from governments to corporations, and institutions to raise capital and complete mergers and acquisitions. Students can pursue the Business Analyst Certification Training Course to lay some basic foundation for this career option.

7. Chartered Financial Analyst (CFA)
A chartered financial analyst (CFA) is one of the most revered career options in finances and is recognized worldwide, once the designation is given by the CFA institute to the candidate. To be a charter holder, candidates are required to pass three really difficult examinations, have a bachelor’s degree, and acquire at least 4 years of relevant work experience.

8. Actuary
If a student has a knack for mathematics, statistics, and business management, you can easily enter this field and create value in the business world. Your day-to-day might include financial modelling and risk analysis of property loss, disability, or other probable problems that could impact the company. Being an actuary is one of the best careers in commerce and is not only diverse but also comes with the flexibility of either working independently or with an established organization

9. Research Analyst

One can aspire to become a research analyst in operations, economics, finance, and equity, amongst others. To enter this field, you would require a bachelor’s degree in a specific field of research such as marketing, finance, or economics although a Master of Business Administration Course after a few years of work experience can also enrich your career.

10. Entrepreneurship

This is unarguably the most attractive career path in current times, where you set up your own business and sell your products or services to retail or business consumers. This article here will help you understand how you can go about cost-effectively promoting your product or service.

Faculty Name	Designation	~
Dr. Ruby Kapoor	Associate Professor
Dr. Rajeev Sharma	Assistant Professor
Ms.Vijaita Changkum	Assistant Professor
Dr. Shilpa Chauhan	Assistant Professor
Dr. Dhanisha Negi	Assistant Professor

Courses offered by the Department

Year	Course Name	Course Code	Course No.
First Year	Financial Accounting	C-1	BC 1.1
	Business Organisation and Management	C-2	BC 1.2
	English – I Core English	C-3
	Business Law	C-4	BC 1.3
	Business Statistics and Mathematics	C-5	BC 1.4
	Hindi- I	C-6
Second Year	Company Law	C-7	BC 2.1
	Income Tax Law and Practice	C-8	BC 2.2
	English - II	C-9
	Hindi- II	C-10	HIND400
	Corporate Accounting	C-11	BC 2.4
	Cost Accounting	C-12	BC 2.5

B. Discipline Specific Elective (DSE) Courses

Year	DSE	Course Name	Course Code
Third Year	DSE- 1	BC 3.1(a) Human Resource Management BC 3.1(b) Principles of Marketing BC 3.1(c) Fundamentals of Financial Management	Discipline Specific Elective (DSE)-1
	DSE- 2	BC 3.2(a) Corporate Governance and Auditing BC 3.2(b) GST	Discipline-Specific Elective (DSE)-2
	DSE- 3	BC 3.5(a)Corporate Tax Planning BC3.5(b)Banking and Insurance BC3.5(c)Management Accounting BC3.5(d)Computerised Accounting System	Discipline- Specific Elective (DSE)-3
	DSE- 4	BC3.6(a)International Business BC3.6(b)Office Management and Secretarial Practice BC3.6(c)Fundamentals of Investment BC3.6(d)Consumer Protection	Discipline- Specific Elective (DSE)-4

C. Skill Enhancement Courses (SEC)

Year	SEC	Course Name	Course Code
Second Year	SEC - I	Computer Application in Business	BC 2.3
Second Year	SEC - II	E- Commerce	BC 2.6
Third Year	SEC – III	Entrepreneurship	BC 3.3
Third Year	SEC - IV	Personal Selling and Salesmanship	BC 3.7

D. Generic Elective Courses (GEC)

Year	GEC	Course Name	Course Code
B.Com III Year	GEC - I	Economy of Himachal Pradesh.	ECONA313
B.Com III Year	GEC - II	Indian Economy	ECONA314

Learning Outcomes

Financial Accounting (BC 1.1)

The students will learn the concepts and principles of Accounting and get an understanding of Indian Accounting Standards and International Financial Reporting Standards.
They will acquire conceptual knowledge of Financial Accounting and impart practical skills for recording various kinds of business transactions.
The students will acquire practical knowledge and technical expertise in maintaining books of accounts of partnership firms, companies, banks and other non corporate bodies including accounting for Hire Purchase, Instalment System, Consignment and Joint Venture.
It will provide a thorough knowledge and understanding of the accounting practices prevailing in the commercial market and will also be introduced to computerized accounting system using Tally or any other popular accounting software. Business Organization and Management (BC 1.2)
The Course will provide basic knowledge about organization and management of business enterprises to the students.
It will also familiarize the students with different forms of business enterprises, their features and limitations.
It will also give a brief overview of the functional areas of Management-Marketing, Finance and Human Resource. Business Law (BC 1.3)
The Course will provide basic knowledge about the various laws and legislations (like The Indian Contract Act, The Sale of Goods Act, The Negotiable Instruments Act, The Partnership Act, The Limited Liability Partnership Act) applicable to business activities. The students at the end of the course will get well versed with the basic provisions regarding legal framework governing the business world.
The students will also study various Case laws affecting industry, trade and commerce so as to understand the practical applicability of the laws.

Business Statistics and Mathematics (BC 1.4)

This course will familiarize the students with different statistical tools and techniques (different types of Averages, Concept of Variation, Correlation, Regression, Time Series and Index Numbers) and their applications in Business.
The knowledge of the techniques of Correlation and Regression will help students to analyze the relationship between two or more variables and will also help in making business and economic estimates.
They will learn about the application of Matrices, Simple Interest and Compound Interest in business decision making.

English Compulsory

The students will be able to communicate effectively with people at work and in their personal life.

The students will acquire knowledge and skills in different areas of communication, decision making, innovations and problem solving in day today business activities.

Company Law (BC 2.1)

The students will acquire basic knowledge of the provisions of the Companies Act 2013
They will also develop critical thinking and by analysing actual case studies involving issues in company law Income Tax Law and Practice (BC 2.2)
The students will get basic knowledge and they will get equipped with application of principles and provisions of Income-tax Act, 1961 and the relevant Rules.
The students have an understanding of the basic concepts, definitions and terms related to income tax.
They will be able to compute total taxable income under different heads of income as well as calculate the tax liability of different assessees.
They will be able to describe the mechanism of carry forward and set-off of losses of an individual assessee Computer Applications in Business (BC 2.3)
The students will acquire computer skills and knowledge to enhance their understanding of usefulness of information technology tools for business operations.
The students will be equipped with knowledge of integrating computer technology with decision making and problem solving skills.
They will also know about the applications of word processing, spreadsheets, presentations and database software that will help them prepare for industry standard certifications.

Corporate Accounting (BC 2.4)

This course will enable the students to acquire basic knowledge of the corporate accounting system and learn about the techniques of preparing the financial statements.
They will understand how to communicate financial information to parties outside the business organisation like equity investors, creditors, employees, suppliers and clients.

Cost Accounting (BC 2.5)

The students will be familiarised with the basic concepts used in cost accounting, various methods involved in cost ascertainment and cost accounting and bookkeeping systems.
They will learn about pricing, budgeting and performance analysis to determine overall success based on the predetermined objectives.

E-Commerce (BC 2.6)

This course will equip the students with knowledge about the mechanism for conducting business transactions through electronic means.
The students will get an understanding about internet trading, relationships including business to consumers, business to business, intra-organisational

Human Resource Management (BC 3.1 (a))

The students will get acquainted with the techniques and principles of managing human resource of an organisation.
They will be able to demonstrate competence in developing and problem solving in the area of HR Management and will be able to provide innovative solutions to problems in this field.
They will also be able to evaluate HRM related social, cultural, ethical and environmental responsibilities and issues in a global context.

Principles of Marketing (BC 3.1 (b))

The course will provide students with basic knowledge of concepts, principles, tools and techniques of marketing.
They will have an understanding of the role of marketing within the society and within an economic system.
They will be able to consider the various decision areas within marketing and the tools and methods used by marketing managers for making decisions.

Fundamentals of Financial Management (BC 3.1 (c))

On the Completion of the course, the students will be able explain the concept, principles and practices of financial management.
They will be able to apply Capital Budgeting Projects using Traditional and Modern Methods
The course will improve students’ understanding of the time value of money concept and the role of a financial manager in the current competitive business scenario.
They will also be able to analyze the main ways of raising capital and respective advantages and disadvantages in different circumstances.

Corporate Governance and Auditing (BC 3.2 (a))

The course aims to provide knowledge of auditing principles, procedures and techniques in accordance with current legal requirements and professional standards and to give an overview of the principles of Corporate Governance and Corporate Social Responsibility.
The students will be able to understand the concept of corporate governance in organisations and its essence for management.
They will also be able to comprehend the governance framework for an organisation provided by different regulatory bodies in India and abroad.

Goods and Service Tax GST (BC 3.2 (b))

The course aims to provide basic knowledge and equip students with application of principles and provisions of GST
They will learn about the relevant provisions of Goods and Services Tax Act, 2017.

Entrepreneurship (BC 3.3)

The course aims to orient the learner toward entrepreneurship as a career option and creative thinking and behaviour.
The students will develop an ability of analysing various aspects of entrepreneurship, especially of taking over the risk, and the pattern of entrepreneurship development and will be able to contribute to their entrepreneurial and managerial potentials.

Economy of Himachal Pradesh Generic Elective (GE)-1 (ECONA 313)

This course highlights the basic features, characteristics and developmental issues of the Himachal Pradesh economy Corporate Tax Planning (BC 3.5(a))
The course aims to provide Basic knowledge of corporate tax planning and its impact on decision-making.
The students will get acquainted with the basic principles underlying the provisions of direct and indirect tax laws and will develop a broad understanding of the tax laws and accepted tax practices.
They will learn about the relevant provisions of Goods and Services Tax Act, 2017. Banking and Insurance (BC 3.5(b))
The course will impart knowledge about the basic principles of the banking and insurance
The students will be able to examine the banking scenario in India.
They will be able to evaluate the insurance business environment in India.

Management Accounting (BC 3.5 (c))

The course aims to impart the students, knowledge about the use of financial, cost and other data for the purpose of managerial planning, control and decision making.
The students will develop the ability to collect, analyze and communicate quantitative and non-quantitative information to assist the management in making more effective planning and control decisions.
The course will help the students to know more about accounting, analysis, reporting and control, strategy performance measurement etc.

Computerised Accounting System (BC 3.5(d))

To introduce the students to basics of accounting and usage of Tally accounting software for maintaining accounts.
The course aims to enhance the skills needed for computerized accounting system and to enable the students to develop simple accounting applications.
The students will learn to create company, enter accounting voucher entries, reconcile bank statements, carry out accrual adjustments, print financial statements using latest Tally software.
The students will inculcate and develop requisite skills for employability and professional development.

International Business (BC 3.6(a))

The objective of the course is to familiarize the students with the concepts, importance and dynamics of international business and India’s involvement with global business.
The students will be provided with theoretical foundations of international business to the extent these are relevant to the global business operations and developments.
They will have an understanding regarding the key issues related to business operations in other countries.
The students will be able to compare and contrast cultures and societies globally using socio-economic and cultural frameworks. Office Management and Secretarial Practice (BC 3.6(b))
The purpose of this course is to familiarize the students with the activities in a modern office. Smooth functioning of any organization depends upon the way various activities are organized, facilities provided to the staff working in the office, the working environment and the tools and equipments used in office

Fundamentals of Investment (BC 3.6 (c))

The purpose of this course is to familiarize the students with different investment alternatives, introduce them to the framework of their analysis and valuation and highlight the role of investor protection.
The students will understand the characteristics of different financial assets such as money market instruments, bonds and stocks and how to buy and sell these assets in financial markets.
They will learn about the techniques of security analysis- Fundamental Analysis, Technical Analysis and Efficient Market Hypothesis.
They will understand the benefit of diversification of holding a portfolio of assets and the importance played by the market portfolio.
They will be able to understand how financial markets work, analyze securities and make intelligent investment decisions based on available evidence and analysis and it will improve their ability to understand financial articles and news with a critical approach.

Consumer Protection (BC 3.6 (d))

This paper seeks to familiarize the students with of their rights as a consumer, the social framework of consumer rights and legal framework of protecting consumer rights.
It also provides an understanding of the procedure of redressing the complaints of consumers, and the role of different agencies in establishing product and service standards.
The student should be able to comprehend the business firms’ interface with consumers and the consumer related regulatory and business environment

Personal Selling and Salesmanship (BC 3.7)

The purpose of this course is to familiarize the students with the fundamentals of personal selling and the selling process.
They will be able to understand selling as a career and what it takes to be a successful salesman.
They will have information about sales forecast and sales forecasting techniques.
They will also be able to explain how to calculate the efficiency of sales and, sales budget concepts and the stage of budget process.

Indian Economy Generic Elective (GE)-2 (ECONA 314)

This course will enable students to have in-depth knowledge of various problems and issues faced by Indian Economy. The course will concentrate on both the achievements and the issues of the economy.
At the end of the course the students will be able to differentiate between economic growth and economic development, identify the demographic features of the Indian Economy and they will be able to assess the causes and measures of poverty, inequalities and unemployment.

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