Commerce is the corner stone of the individual, the national and the global life, without which no economic activity can take place. The Bachelor of Commerce Program of the University opens a wide range of opportunities for the students who want to make a mark for themselves in the public and private sectors. The program will help them to gain suffi cient knowledge and skills in the field of economics and management which are the core essentials of the commercial world.
Admission Calendar | |
Last Date for Submission of Completed Application Form | 24 June 2024 |
Last Date for payment of admission fee | 15 July 2024 |
Interview and Admission Decision on or before | 28 June 2024 |
Reporting at the ICFAI University for submission of certificates and verification by producing originals and registration | 15 July 2024 & 16 July 2024 |
Payment of First Semester Fee | On or Before 22 July 2024 |
Commencement of Preparatory Classes | 22 July 2024 - 26 July 2024 |
Commencement of Regular Classes | 01 August 2024 |
Bachelor of Commerce (B.Com.)
Programme Code: UMS005
The Bachelor of Commerce (B. Com) program of The ICFAI University, Meghalaya is a career oriented undergraduate program encompassing a total of eight semesters spread over four years. The course is designed to provide students with a wide range of skills in the commerce and trade domain while at the same time building competence in a particular area. Students learn a plethora of business skills which improves their employability as a graduate. The curriculum focuses to provide students with a comprehensive understanding of Accounting, Economics, Business Law, Taxation, Banking & Insurance, Management & Marketing and other allied areas. The program is formulated in line with the New Education Policy (NEP) announced by the Government of India in 2020 which provides ample flexibility and multiple exit options.
To develop skills such as conceptual skills, technical skills and practical skills in the field of industry, commerce, management and accounting.
To prepare a student for a career in business or to start a business enterprise of his/her own.
To give each student enough opportunities to acquire relevant knowledge about business and economy.
To familiarize students with current business processes and practices.
To familiarize students with the behaviour of markets, products as well as finance.
To develop skills in the use of information technology for business.
To develop capability in each student to identify business opportunities, analyse their risk-return possibilities and support business development in socially desirable avenues with strong moral commitment
To develop in students a business attitude and skills to be precise and articulate, considering its ethical side.
A Bachelor of Commerce (B.Com.) degree offers a broad range of employment opportunities in various sectors. Here are some common sectors where B.Com. graduates often find employment
Accounting and Auditing: Students with a specialization in accounting can pursue careers as accountants, auditors, tax consultants, or financial analysts in accounting firms, corporations, or government agencies.
Banking and Finance: Students can work in banks, financial institutions, investment firms, or insurance companies in roles such as financial analysts, loan officers, investment bankers, or financial advisors.
Corporate Sector: Students often find opportunities in the corporate sector, working in areas such as human resources, marketing, sales, operations, supply chain management, or general management.
Consulting: Students may choose to work in consulting firms, providing their expertise in areas like management consulting, financial consulting, or business process improvement.
Government and Public Sector: Students can work in various government departments and agencies, handling financial management, policy analysis, budgeting, or public administration.
Entrepreneurship and Startups: Students with an entrepreneurial mindset may choose to start their own businesses or work in startups, where they can utilize their knowledge of business principles, finance, and management.
Non-Profit Organizations: Students can work in non-profit organizations, assisting with financial management, fundraising, grant writing, or program coordination.
Retail and E-commerce: Students can pursue careers in retail management, merchandising, e-commerce, or sales and marketing within the retail industry.
Market Research and Analysis: Students can work in market research firms, analyzing data and trends to provide insights into consumer behavior, market conditions, and competitive analysis.
Education and Academia: Students can opt for teaching positions in schools, colleges, or universities, providing education in commerce-related subjects or pursuing higher studies and research.
To have a comprehensive understanding of core business concepts, including accounting, finance, economics, marketing, management, business law, and organizational behavior.
To develop strong quantitative and analytical skills to analyze financial data, conduct market research, interpret business trends, and make data-driven decisions.
To be able to communicate effectively in various business contexts, including written reports, presentations, and interpersonal interactions.
To possess problem-solving skills to identify business challenges, evaluate options, and propose viable solutions.
To understand financial management principles, including financial analysis, budgeting, investment strategies, and risk management.
To be aware of ethical and legal issues in business and demonstrate an understanding of responsible business practices, corporate social responsibility, and compliance with relevant regulations.
To develop proficiency in using technology tools and software applications commonly used in business, such as spread sheets, databases, and business software.
To be able to work effectively in teams, demonstrating skills in collaboration, leadership, and conflict resolution.
Strong understanding of financial accounting principles, including the ability to prepare and analyse financial statements, apply accounting standards, and interpret financial data.
Managerial accounting techniques, such as cost analysis, budgeting, and performance evaluation, to support decision-making within organizations.
Basic understanding of tax laws and regulations, including the ability to calculate and manage individual and corporate taxes.
Knowledge of financial management principles, including financial planning, capital budgeting, risk assessment, and financial analysis.
Familiarity with marketing concepts and strategies, including market research techniques, consumer behaviour analysis, and development of marketing plans.
Foundational knowledge of business law, including contracts, intellectual property, employment law, and commercial regulations.
Ability to analyse economic trends, evaluate market conditions, and understand the impact of economic factors on business decision-making.
Understanding of entrepreneurship and the ability to identify business opportunities, develop business plans, and exhibit innovation and adaptability.
It will enhance the communication skills, managerial skills, leadership skills and decision-making skills of the students.
Learners will gain knowledge in the fundamentals of commerce and a deep understanding of all the courses undertaken.
Learners will be equipped to join the industry or setup own entities, peruse further professional and other courses.
Learners will be equipped to face upcoming challenges in the industry and business as the specializations offered expose them to practical aspects.
Learners will be responsible citizens as various academic and co-curricular courses imbibe sensitivity, moral and ethical values among them.
Year |
Semester: I |
||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
I |
DSC I |
UBCDSC111 |
Business Studies |
3 |
1 |
1 |
5 |
DSC II |
UBADSC112 |
Financial Accounting I |
3 |
1 |
1 |
5 |
|
DSE I |
UBCDSE111 |
Advertising and Sales Promotion |
4 |
- |
- |
4 |
|
DSE II |
UBCDSE112 |
E-Commerce |
4 |
- |
- |
4 |
|
IC/MC |
UBCMCS111 |
Managerial Economics |
3 |
- |
3 |
||
AEC I |
UBCAEC111 |
Modern Indian Language (Hindi) |
1 |
- |
1 |
2 |
|
AEC II |
UBCAEC112 |
Modern Indian Language (Garo) |
1 |
- |
1 |
2 |
|
AEC III |
UBCAEC113 |
Modern Indian Language (Khasi) |
1 |
- |
1 |
2 |
|
SEC |
UBCSEC111 |
Soft Skills |
2 |
- |
1 |
3 |
|
CVAC I |
UBCVAC111 |
Digital and Technological Solutions |
1 |
- |
1 |
2 |
|
CVAC II |
UBCVAC112 |
Yoga Education |
1 |
- |
1 |
2 |
|
Total Credits in Semester I: 26 |
|||||||
Semester: II |
|||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
DSC I |
UBCDSC121 |
Entrepreneurship |
3 |
1 |
1 |
5 |
|
DSC II |
UBCDSC122 |
Financial Accounting II |
3 |
1 |
1 |
5 |
|
DSE I |
UBCDSE121 |
Organizational Behaviour |
4 |
- |
- |
4 |
|
DSE II |
UBCDSE122 |
Training and Development |
4 |
- |
- |
4 |
|
IC/MC |
UBCMCS121 |
Business Mathematics |
3 |
- |
3 |
||
AEC |
UBCAEC121 |
English Language Skills |
1 |
- |
1 |
2 |
|
SEC |
UBCSEC121 |
Minor Project |
1 |
- |
2 |
3 |
|
CVAC I |
UBCVAC121 |
Value Education |
2 |
- |
- |
2 |
|
CVAC II |
UBCVAC122 |
Environmental Education |
2 |
- |
- |
2 |
|
Total Credits in Semester II: 26 |
|||||||
SEC |
UBCINT121 |
INTERNSHIP |
1 |
- |
3 |
4 |
|
Total Credits earned after Year: 56 |
|||||||
Year |
Semester: III |
||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
II |
DSC I |
UBCDSC231 |
Business Law |
4 |
- |
1 |
5 |
DSC II |
UBCDSC232 |
Indian Financial System |
4 |
1 |
- |
5 |
|
DSE I |
UBCDSE231 |
Bank Management |
4 |
- |
- |
4 |
|
DSE II |
UBCDSE232 |
Corporate Accounting |
3 |
- |
1 |
4 |
|
IC/MC |
UBCMCS231 |
Business Statistics |
2 |
1 |
- |
3 |
|
AEC |
UBCAEC231 |
Communication Skills |
1 |
- |
1 |
2 |
|
SEC |
UBCSEC231 |
Field Based Learning |
1 |
- |
2 |
3 |
|
CVAC |
UBCVAC231 |
Voter Education and Electoral Literacy |
2 |
- |
- |
2 |
|
Total Credits in Semester III: 24 |
|||||||
Semester: IV |
|||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
DSC I |
UBCDSC241 |
Cost Accounting |
3 |
1 |
1 |
5 |
|
DSC II |
UBCDSC242 |
Corporate Law |
4 |
- |
1 |
5 |
|
DSE I |
UBCDSE241 |
Insurance Management |
3 |
- |
1 |
4 |
|
DSE II |
UBCDSE242 |
Auditing |
3 |
1 |
- |
4 |
|
AEC |
UBCDSC241 |
Technical Report Writing |
1 |
- |
1 |
2 |
|
MOOCS |
4 |
||||||
Total Credits in Semester IV: 20 |
|||||||
Total Credits earned after Year II: 44 |
|||||||
SEC |
UBCSBC241 |
SKILL-BASED VOCATIONAL COURSE |
1 |
- |
3 |
4 |
|
Total Credits earned after Years Semesters I and II: 104 |
|||||||
Year |
Semester: V |
||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
III |
DSC I |
UBCDSC351 |
Financial Management |
3 |
1 |
1 |
5 |
DSC II |
UBCDSC352 |
International Business |
5 |
- |
- |
5 |
|
DSE I |
UBCDSE351 |
Financial Services |
4 |
- |
- |
4 |
|
DSE II |
UBCDSE352 |
Stock Market Operations |
3 |
- |
1 |
4 |
|
MOOCS |
6 |
||||||
Total Credits in Semester V: 20 |
|||||||
Semester: VI |
|||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
DSC I |
UBCDSC361 |
Management Accounting |
3 |
1 |
1 |
5 |
|
DSC II |
UBCDSC362 |
Business Environment |
5 |
- |
- |
5 |
|
DSE I |
UBCDSE361 |
Project Management |
3 |
- |
1 |
4 |
|
DSE II |
UBCDSE362 |
Working Capital Management |
3 |
- |
1 |
4 |
|
MOOCS |
6 |
||||||
Total Credits in Semester VI: 20 |
|||||||
Total Credits earned after Year III: 40 |
|||||||
Total Credits earned after Years Semesters I, II and III: 144 |
|||||||
Year |
Semester: VII |
||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
IV |
DSC I |
UBCDSC471 |
Indirect Tax |
3 |
1 |
1 |
5 |
DSC II |
UBCDSC472 |
Principles and Practices of Income Tax |
3 |
1 |
1 |
5 |
|
DSE I |
UBCDSE471 |
Business Ethics |
4 |
- |
- |
4 |
|
DSE II |
UBCDSE472 |
Corporate Governance |
4 |
- |
- |
4 |
|
MOOCS |
6 |
||||||
Total Credits in Semester VII: 20 |
|||||||
Semester: VIII |
|||||||
Category |
Code |
Course Title |
Credits |
||||
L |
T |
P |
C |
||||
DSC I |
UBCDSC481 |
Research Methodology |
4 |
- |
1 |
5 |
|
DSC II |
UBCDSC482 |
Academic Reading and Writing for Research |
4 |
- |
1 |
5 |
|
DSE |
UBCDSE481 |
Mechanics of Research Writing and Research Proposal |
3 |
- |
1 |
4 |
|
SEC |
UBCSEC481 |
Research Project /Dissertation |
- |
- |
12 |
12 |
|
Total Credits in Semester VIII: 26 |
|||||||
Total Credits earned after Year IV: 46 |
|||||||
Total Credits earned after Years I, II, III and IV: 190 |
Admission Modalities
The Admission Modalities are with reference to the campus-based programs offered by the ICFAI University, Meghalaya at Tura & Shillong campuses. The medium of instruction is English.
Eligibility
Pass in Class XII (any discipline). Students awaiting final examinations results are also eligible to apply.
Students of Class XII who have not received the original certificates from the Board by July 18, 2024 will be admitted provisionally. Their admission will be confirmed subject to their passing the qualifying examination. The registration of the candidates not meeting the criteria by September 16, 2024 will be cancelled and admission fee will be forfeited and only 50% of the semester fee will be refunded after notifying the cancellation of the seat by the University.
Admission Criteria
- The selection of applicants into the Program is made through screening of application and interview.
- While evaluating students for admission, due weightage is given to their academic distinction, awards in sports/cultural events, debates, quizzes and other extra co-curricular activities.
- Original certificates and Domicile certificate should be produced for verification at the time of payment of first semester fee. The original certificates will be returned after verification.
Special Reservation
- There shall be a special provision for admission of students belonging to the State of Meghalaya in any course of ICFAI University, Meghalaya, which shall not be less than 25 (twenty-five) percent of seats in each course / discipline subject to the students meeting the minimum qualifying requirements referred to above.
- Seats remaining unfilled under special reservation may be filled up by allotting the same to students belonging to Open Category.
Students interested can apply by any one of the following methods
-
Online Application
Applicants can apply online by filling up the Application Form available at www.iumeghalaya.edu.in and make payment of Rs. 300 towards online Registration charges by using Credit / Debit Card (Visa / Master Card / Citibank Card) or Internet banking option using secure internet payment gateway. Applicants applying online should attach their scanned colour photograph along with the Online Application. The Prospectus will be sent to such applicants.
-
Fill the Application Form
Applicants can fill in the application form and send it to the Admissions Office.
The applicants are advised to read the guidelines carefully before completing the Application Form for Admission.
Application Form
- Please make sure that you meet the eligibility criteria before filling up the form.
- Fill the Application Form in Capital Letters.
- Provide all the available information under appropriate sections.
- Make sure to sign the Application Form.
- Retain a photocopy of the completed Application Form.
- Enclose a Bank Demand Draft / Receipt for online payment for Rs. 300.
Applicants have to enclose attested copies of the following certificates (Attestation should be done by any Gazetted Officer/Principal of the College).
- Date of Birth Certificate/Class X Certificate.
- Marksheet of Class XII/Degree certificate (as may be applicable).
- Domicile Certificate.
- Migration Certificate
- Any other certificates pertaining to academic and other activities.
- Please paste your recent passport size colour photograph on the Application Form given on next page.
The completed Application Form for Admission along with a Bank Demand Draft / Receipt for online payment for Rs. 300 (drawn in favour of ‘The ICFAI University, Meghalaya - Fee Collection A/c’) may be submitted to:
The Admissions Officer, The ICFAI University, Meghalaya, Tura Campus
Danakgre, (Near BSF Camp), P O Araimile,
Ph: 9612885981, 8014241976
E-mail: admissions@iumeghalaya.edu.in
Website: www.iumeghalaya.edu.in
The Admissions Officer, The ICFAI University, Meghalaya, Shillong Campus
Phawa Ville, Near Shillong Law College, Dhankheti,
Ph: 0364-2220057, 9485158603, 8794250646
E-mail: admissions@iumeghalaya.edu.in
Website: www.iumeghalaya.edu.in
Fee Schedule
Fee comprises of Admission Fee and Program Fee.
Admission Fee (Non-Refundable)
Admission Fee of Rs. 6,000 is to be paid by all the selected candidates immediately after the admission decision is announced. *Foreign students have to pay an admission fee of Rs. 7,000. The last date for payment of admission fee is July 10, 2024.
Caution Deposit (Refundable)
Students have to pay Rs 3,000 as Caution Deposit along with the first installment of Program Fee. The Caution Deposit will be refunded without interest after adjusting for dues, if any, to the students on completion of the Program.
Program Fee
Students have to pay the program fee at the beginning of each semester, as per the due dates which will be indicated in the Student Handbook. The first semester fee is to be paid on or before July 21, 2024.
Program | Fee per semester (Rs.) | Total Program Fee (Rs.) | ||||
Domicile | Non-Domicile | International | Domicile | Non-Domicile | International | |
B.Com (6 semesters) | 9,000 | 11,000 | 13,000 | 54,000 | 66,000 | 78,000 |
Domicile: Students from State of Meghalaya. Non-Domicile: Students from States other than Meghalaya.
All payments should be made by way of Challan/Bank Demand Draft drawn on a Scheduled Commercial Bank in favor of “The ICFAI University, Meghalaya - Fee Collection A/c” payable at Tura/Shillong, Meghalaya.