B Com Syllabus & Subjects 2024

BCom Syllabus includes a vast variety of B Com Subjects like Corporate Taxation, Financial Law, Economics, Accounting among others. Each student in the B Com programme has a total of 100 marks which include 20 marks from the internal assessment and 80 marks from the external exam. Bachelor of Commerce degree programme comprises six semesters, covering a period of three years.

BCom Subjects are categorised into four sections: foundation subjects, core subjects, elective subjects and projects. Students should undertake four fundamental subjects which consist of accounting and banking among others together with one elective subject each year, say, English, Economics, Philosophy and so forth.

B Com 1st year Subjects are Business Organisation & Management, Environmental Studies, Financial Accounting, English Language, Business Law, Hindi/ English/ Modern Indian Language, and Business Mathematics & Statistics

B Com/ B Com Hons Optional Subjects include Institutions and Financial Services, Financial Markets, Corporate Tax Planning, Compensation Management, Fundamentals of Investment, Consumer Relations and Customer Care, Business Tax Procedure, Management, Costing and Taxation, and Business Data Processing Commercial Law, Preliminaries of Auditing.

Consequent to the National Education Policy (NEP), the Ministry of Education in the Indian Government is debating the implementation of the Choice-Based System. Using this approach students can study B Com subjects at their own pace selecting the subjects they specially want to follow within the B.Com programme. BCom is one of the popular streams after the 12th grade, as per the AISHE Report, more than 9 lakh students opt for BCom courses after the completion of their 12th standard.

Below is a table that provides you with an overview of key points related to the Bachelor of Commerce syllabus:

Below listed are some subjects that are available as a specialisation for regular B Com students. These specialisations are also available for B Com Hons students.

Accounting and Finance
Banking and Insurance
Financial Markets
International Finance
Bank Management
Computer Applications
E-Commerce
Foreign Trade Management
Investment Management
Portfolio Management
Taxation
Marketing
Office Management
Corporate Secretaryship
Logistics and Supply Chain Management
Advertising
Economics and Finance
Statistics
Actuarial Science

Below listed are some of the common subjects as per the UGC curriculum guidelines that are taught in B Com 1st year:

Subjects in B Com 1st Semester:

Financial Accounting
Business Economics
Business Mathematics
Business Regulatory Framework
Business Communication
Environmental Studies

Subjects in B Com 2nd Semester:

Corporate Accounting
Indian Financial System
Business Statistics
Fundamentals of Entrepreneurship
Principles of Management
Business Law

In addition to these, some colleges also include the following subjects in the B Com 1st year Syllabus:

Company Law
Cost and Management Accounting
E-Commerce
Introduction to Marketing

B Com 1st year Syllabus mainly concentrates on building basic understanding in areas like accounting, economics, mathematics and how businesses are managed. The course also starts teaching students about rules that govern business activities. From as early as their initial semester; subjects such as E-Commerce incorporate IT and digital skills. Some minor variations in subject names or sequencing across various colleges affiliated with the University may exist; however, the above list includes a selection of core and common B Com 1st year subjects according to current UGC curriculum norms.

Here are the semester-wise BCom subjects studied in the 2nd year of the course:

BCom Subjects in 3rd Semester:

Corporate Accounting - 2
Indian Banking System
Business Mathematics - 2
Fundamentals of Auditing
Marketing Management
Business Economics - 2

BCom Subjects in 4th Semester:

Industrial Laws
Fundamentals of Cost Accounting
Management Accounting
Fundamentals of Income Tax
Business Statistics - 2
Introduction to Financial Services

Additional Subjects:

Goods & Services Tax (GST)
Computer Applications in Business
Fundamentals of Financial Management

The focus in 2nd year shifts more towards practical accounting, taxation, auditing, marketing aspects and application of statistics in business. Advanced level business maths and economics is also covered. Subjects like management accounting and GST aim to equip students with contemporary finance and tax knowledge relevant for industry. Minor variations in subject names/ number of subjects may be there across universities. But the ultimate goal is to build advanced theoretical and practical understanding across accounting, taxation, regulatory and management areas of businesses.

Here are some of the common B Com subjects typically studied in the 3rd year in 2024:

BCom Subjects in 5th Semester:

Corporate Tax Planning
Cost & Management Accounting
Indian Financial System
Entrepreneurship Development
Goods & Services Tax
Auditing

BCom Subjects in 6th Semester:

Corporate Law
Accounting Standards
Business Policy & Strategic Management
E-Commerce & Digital Transformation
Financial Management & Policy
Project Work/ Internship

Additional Subjects:

Corporate Governance
Financial Markets & Institutions
Banking Law and Operations
Fundamentals of Investment
Human Resource Management

The focus in final year is on advanced corporate taxation, regulatory policies, governance and commerce topics. Current themes such as GST, e-commerce, investments along with integrated approach to strategic management are also delved into. Subjects such as projects, internships and case analyses are aimed at gaining practical as well as industry exposure. Management, banking/financial markets electives offer non-traditional options for students.

BCom 1st year Syllabus is divided into two semesters: Semester-I and Semester-II. While both semesters cover similar topics, Semester-II provides a more detailed exploration of the subjects. B Com Subjects in the first year include Environmental Studies, Financial Accounting, Business Organization and Management, Business Computing (IT), Principles of Microeconomics, and New Venture Planning, among others.

B Com Semester I Subjects

Environmental Studies: This B Com Subject encompasses a multidisciplinary approach, integrating elements of physics, commerce, economics, and humanities to address fundamental environmental challenges.

Financial Accounting: Financial Accounting is a vital topic within BCom Subjects that falls under the accounting umbrella, focusing on the analysis, reporting, and summarization of financial transactions related to businesses. This includes the preparation of financial statements intended for public consumption.

Business Organization and Management: When we mention B Com Subjects a business organization means an entity formed for the function of doing commercial business. Form and administration of such entities are guided by a set of the laws incorporating the principles of contract and exchange, property right and incorporation.

B Com Semester II Subjects 

Business Law: B Com Subjects of Business Law encompasses two key areas: regulation of commercial entities through corporate and partnership law, through agency and bankruptcy law as well as regulation of commercial transactions through contract and related areas of law.

Business Mathematics and Statistics:  The subject of business mathematics, especially the financial part of it, is all about profit and loss calculations. Ascertaining the price tag of a product by working through the calculation of profit, margin, cash discount, and trade discount is critical for businesses. Some commercial enterprises utilise business mathematics to let them manage and record their business operations efficiently.

BCom 2nd year Syllabus is a comprehensive course that covers important aspects of management fundamentals, company law, the financial banking system and basic concepts of cost accounting. During the fourth semester, the curriculum is divided into two categories: Group A and Group B. Group A includes seven compulsory subjects, while Group B involves two obligatory subjects.

BCom Semester III Subjects

Company Law: In BCom subjects, Company Law plays a prominent role as it has become a crucial aspect of corporate legal procedures. This area involves the various aspects of administration, organization or operations within organisations. Along with this, Studies of Competition Law will always be interconnected with this field.

Income Tax Law: The Income Tax Law, which is guided by the 1961 Income Tax Act, is a flagship course in BCom subjects. The study of Income Tax Law in BCom covers the 14 sections and 298 sub-sections of this section in a detailed manner. This subject constitutes the calculation of a taxpayer’s taxable income, the tax due on that income, the allowed appeals process, and the possible penalties for failure to pay taxes.

Computer Applications in Business: Computer Applications In Business B Com Subject Deals With Integration of Computer Technology into Decisions Making Process And Problem Solving Processes. Students will master the skills associated with advanced word processing, spreadsheets, and presentation programs. This preparation hands off to them the know-how required to acquire the industry level certifications.

BCom Semester IV Subjects

Corporate Accounting: Corporate Accounting is the basic content of BCom subjects, covering financial elements in business settings. This advocates a variety of financial services and transactions. and for further knowledge one can explore Financial Accounting-related courses.

Cost Accounting: It’s a B Com subject that comes under managerial accounting, and is an important aspect of the course. Its main task is to develop a detailed production cost analysis. It includes a diligent classification of variable costs gained at different production phases and fixed expenses like lease payments.

E-Commerce: Also known as Electronic Commerce, is a crucial B Com subject through the syllabus. It refers to a form of purchasing and selling goods and services as well as transferring funds and data via electronic networks such as the internet generally. This influence happens in different ways, such as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, and consumer-to-business transactions.

B Com 5th semester includes a total of 6 subjects. Of these five are compulsory, and the sixth elective subject is chosen from one of the four optional ones.

Moving on to the BCom 4th semester which has a total of six subjects, five of which are mandatory. For the last topic, it will be taken from the four optional topics. Among the notable features of the Accountancy course is the inclusion of an advanced accountancy paper-I. Similarly, the subject of economics includes international economics.

BCom Semester V Subjects

Principles of Marketing: Companies apply a core of marketing fundamentals, which are commonly known as the 4Ps or the 4P Marketing Framework, to come up with their marketing strategies. These four basic marketing principles—Product, Price, Place, and Promotion—are mutually supporting and they all collaborate as an integrated unit. They all collectively make up the Marketing Mix.

Principles of Microeconomics: Human behavior in economic or financial settings is known to be forecasted with a framework used as a foundation in microeconomics and known as principles of microeconomics. These principles embody fundamental notions such as the law of supply and demand, trade-offs, and the quest for utility maximization. In addition, businesses can also gain from microeconomics.

BCom Semester VI Subjects

International Business: International business refers to any commercial activity conducted across international boundaries. Essentially, it entails the operations of a business that span international borders, involving the exchange of goods or services between different countries. For further exploration, one can consider International Business Courses.

Fundamentals of Investment: Investment is the straightforward practice of acquiring assets with the expectation of their appreciation in value. These assets can encompass a broad spectrum, ranging from real estate, businesses, and houses to financial instruments like savings accounts or certificates of deposit (CDs) offered by banks or credit unions.

Here are some common B Com subjects that you will find across most institutions in India:

Accounting
Finance
Economics
Business Mathematics
Business Communication
Business Law
Information Technology

Here are some details about the major B Com subjects and their practical use in the business world:

Financial Accounting - It is a base for accounting and deals with accounting for business transactions, cash/ bank balances, preparing balance sheets, and profit & loss statements. It aids financial record keeping and generation of financial statements used for decision-making by business.

Corporate Accounting – Accounting is done in companies on issuance of securities, corporate restructuring, acquisitions as well as reporting of cash flows. Key word for corporate finance roles. Brings about compliance with corporate laws and financial reporting standards by the organisations.

Cost and Management Accounting – Includes costing methods, budgeting and profitability analysis. Helps companies in inventory valuation, pricing decisions, cost optimization which are critical for managing profits and cash flows.Key for management accountants.

Income Tax Law – Involves computation of tax liabilities, allowable deductions and exemptions for individuals and corporates as per tax statutes. Valuable for accounting and auditing practitioners dealing with taxation issues of their clients. Important from both reputational and financial management angles.

To ensure tax compliance across all business functions of procurement, sales, and account management, one needs to comprehend the GST Laws – the indirect tax principles, the GST/service tax rules. Crucial for running finance & accounts within organisations.

Auditing – Auditing skills help to conduct internal audits and verify the genuine-ness of organisations’ financial statements. It improves transparency, governance and internal controls. Valuable for auditors and finance controllers.

Although B Com (General) doesn’t offer much optional subjects unlike BCom Honours but here are some of the popular optional or specialization subjects offered in B Com programmes:

Accounting - Financial Accounting, Cost Accounting, Management Accounting, International Accounting
Taxation - Income Tax, Goods and Services Tax (GST), Customs Law
Finance - Corporate Finance, Investment Analysis, Security Analysis and Portfolio Management, Commodities and Forex Trading
Banking and Insurance - Retail Banking, Corporate Banking, Rural Banking, Business Insurance, Bank Regulations
Computer Applications - Tally with GST, Programming in C, Financial Modeling, Business Analytics
Marketing - Advertising, Brand Management, Digital Marketing, Retail Marketing, Consumer Behavior
International Trade - Export Import Procedures and Documentation, Global Logistics, International Economics, Foreign Trade Policy
Human Resources - Payroll Management, Industrial Relations and Labor Laws, Organizational Behavior, Recruitment and Staffing

There are some other popular optional subjects offered in B Com that are: Actuarial Science, Entrepreneurship, Hospital Administration, Office Management, Retail Management etc. Students get to deepen their knowledge in a particular area with such optional and interdisciplinary subjects.

Here are some of the top specializations for B Com (Bachelor of Commerce) in India presented in a table format:

These are some of the popular BCom specializations in India, each offering unique career opportunities and pathways for students interested in commerce and related fields.

In India, BCom (Bachelor of Commerce) Distance Education courses offer a chance for individuals to get university education even when they are not able to join usual classes at the campus. This could be due to their work commitments, living distances from universities or having responsibilities towards their family. Open universities and other institutions that provide courses by mail deliver these educational chances across the whole country.

The B Com curriculum for studying from far away covers various subjects like account finance, costing of keeping accounts, study of economy, ways to do marketing well, how to handle companies or groups and knowing about taxes. Students have choices among different extra subjects that let them tailor their education based on their interests and where they envision their work life ahead.

The following table indicates a sample outline of the BCom Distance Syllabus. The course content could essentially be different from one university or school to another providing the same course.

B Com Distance 1st Year Syllabus

Semester 1

Semester 2

B Com Distance 2nd Year Syllabus

Semester 3

Semester 4

B Com Distance 3rd Year Syllabus

Semester 5

Semester 6

However, please note that specific curriculum with regards to elective subjects may differ based on the university or institution offering the B Com Distance Education program. Students are invited to consult their university's curriculum for the most recent and accurate information about courses available as well as syllabi details.

B Com Syllabus, like others, would also depend on the university or college conducting the entrance exam. However, the following is a general overview of topics that are commonly covered in BCom entrance tests in India:

Below mentioned table provides some of the top B Com Subjects books that are mostly preferred by students to clear their concepts and ace their exams:

BCom course, which lasts for three years, includes a variety of courses such as main subjects, electives or specializations, interdisciplinary studies and hands-on training. During the initial year, students learn basic topics which include Accounting, Economics, Business Mathematics and Communication in Business as well as language courses and environment-related study. In the second year, students focus on key areas of management which include Financial Accounting, Costing, Taxation, Business Law and Finance. They also start to choose elective subjects to specialize in their field of interest. The last year gives deep concentration on the selected area of expertise while including more complex classes in main topics. Students also do summer internships at appropriate firms and work on a business project report. The curriculum overall prepares students to understand concepts and skills for analyzing problems in business positions, which include working in banks, financial service companies, consulting firms and various other sectors.