In case you are out of school and are now ready to pursue the stream of Commerce then you may have to choose which program to pursue in College. There are many degrees that you can pursue but if your interest lies in Commerce particularly then B.Com is a common choice for many people.
Choosing to pursue a B.Com degree is not just restricted to high school graduates almost any person at any point in their careers or academic timeline can easily pursue this program. B.Com is a wide academic program that includes many specializations that can be explored further. Before you go ahead to choose just one specialization, it can be effective to understand the course details.
In this blog, we will have a detailed look at the important specializations within the B.Com study program and what they entail when it comes to gaining knowledge.
What is B.Com?
B.Com focuses on gaining advanced knowledge of taxes, accounting, investment, and wealth management. This is a study program that has a multi-disciplinary approach designed to equip students with sufficient skills in areas that are related to commerce and management.
After completing a B.Com degree, students can gain the managerial skills required for pursuing opportunities in growing areas of Business and Banking Management, Finance and Accounting, and Tax Planning.
The advanced courses are also aimed at preparing students to become successful in professional certifications. The academic framework of this program includes many industry projects, internships, e-commerce, and cyber security details, and global immersion programs.
Chitkara University offers a B.Com(Hons) degree that provides specializations in four broad categories. These specializations are offered in collaboration with some of the leading corporate institutions and professional certification institutes.
These specializations are mentioned below:
1. Strategic Finance In Collaboration With IMA (USA): A three-year undergraduate degree program that is integrated with the globally recognized Certified Management Accountant certification which is awarded by the Institute of Management Accountants (IMA) – A US-based worldwide association for accountants and financial professionals.
This is a specialization that is focused on commerce aspirants who wish to build their professional expertise in financial planning, decision support, control, analysis, and professional ethics as these are the skills that are highly demanded all across the world.
All students who pursue the B.Com (Hons) Strategic Finance program develop the CMA coursework as a part of their regular curriculum. The two parts of CMA papers are divided into regular courses and integrated into the main curriculum. The assessment and end-semester examination pattern for these five courses shall be online examinations aligned with the IMA assessment pattern.
2. Applied Finance (KCAP) In Collaboration With KPMG: KPMG is a multinational professional services network and one of the Big Four Accounting companies. With a network of firms in over 154 countries and many people, it has three lines of services including Financial Audit, Advisory, and Tax.
KPMG offers courses in Applied Finance as specializations for B.Com students for creating a pool of talented and skilled students who can look forward to their careers in Finance and Accounting in organizations offering financial services with an intensive focus on Financial Statement Analysis and Modeling.
To build a successful career in Applied Finance in collaboration with KPMG, students can pay an intensive focus on learning Financial Statement Analysis and Modeling, understand practical aspects of Accounting, be focused on providing detailed knowledge of Accounting, become aware of accounting practices across industries, understand relevant differences in international accounting reporting standards, and learn basic concepts of Income Tax, Sales Tax, Service Tax, and Companies Act.
3. Capital Markets Practice In Collaboration With Bombay Stock Exchange: To be successful at this specialization, most students have the option of studying in their third year under the guidance of an industry partner of Chitkara – Bombay Stock Exchange. This is a specialization that offers a wide range of perspectives on Financial Market Practices, Policies, and Regulations.
The modules that this specialization covers are Fundamental and Technical Analysis, Financial Modeling, Debt Market, Derivatives, Fixed Income Securities, Credit Risk Management, Regulators and Compliances, International Trade, etc.
4. ACCA In Collaboration With ISDC: This specialization offers a niche opportunity to students designed in collaboration with the Association of Certified Chartered Accountants (ACCA), UK, and the International Skill Development Corporation (ISDC), UK.
The curriculum of this program is completely integrated and hence, the students get an opportunity to pursue ACCA qualifications in sync with the three years undergraduate course. ACCA is actually a global body for professional accountants because it offers business-relevant and first-choice qualifications to people of application, ability, and ambition for a rewarding career in Accountancy, Finance, and Management.
The ACCA qualification is one of the world’s best Accountancy qualifications for all aspiring financial professionals as it offers students with the right skills, knowledge and values to build successful careers and lead organizations into the future.
The B.Com specializations are aimed at preparing students for a successful career in the field of Commerce. The various semesters of classroom learning and one semester of training in Accounting and Finance can build a strong foundation for B.Com students.
What’s more, the program is also designed by proficient accounting professionals for grooming the students to fill the supply-demand gap in the field of Commerce and Accounting. The course is aimed at preparing students for successful entrepreneurship and competing for admission into the Master’s programs.
If you wish to build a successful career in the field then enroll in this program, today!