Departments

Commerce
    Commerce

    P.G.DEPARTMENT OF COMMERCE

    EVOLUTION OF COMMERCE- 

                      The evolution of commerce is traced back from human civilization. The human wants increased with the advance of civilization. They could not produce everything they needed. People came to know that man is skillful in producing a few commodities. He can make them quite rapidly in large numbers. So, at this stage people started producing excess of their needs what they could produce. People started searching for persons who could get their surplus products in exchange for those goods, which they required.

    ORIGIN

                          Commerce made its beginning and exchange of goods for goods (barter system ) began to be practiced. In order to remove the drawbacks of barter system and difficulties of vast transactions, a monetary aspects is emerged and followed by several other improvements of commercial activities like trade, transportation, warehousing, distribution, advertisement, communication, banking, insurance, etc. greatly helped to develop commerce. The division of work and specialization helped producers to concentrate on few products only. They started producing goods not only for the local markets but also for national markets. The specialization in different fields helped the growth of industry and commerce. The development of transport increased the trade manifold. All these developments were responsible for developing commerce at national level.

    DEVELOPMENTS

                   Commerce today keeps evolving, taking advantage of similarly quick advances in technology that support new ways of buying and selling, and make it easier than ever for merchants to connect with customers via an online store.

    Through technological advancement in e-commerce, people have been facing major changes in every term. Electronic commerce draws on such technologies as electronic funds transfer, supply chain management, Internet marketing, online transaction processing, Electronic Data Interchange (EDI), inventory management systems, and automated data collection systems.

    MODERN TECHNOLOGIES

                            Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction’s life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well. In the emerging global economy, e-commerce and e-business have increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of Information and Communications Technology (ICT) in business has revolutionized relationships within organizations and those between and among organizations and individuals. E-Commerce influence on various discipline such as Marketing, Finance and Accounting, production and operations management, Economics, Management Information System, Human resource management, Business Law and ethics.

    FATHERS OF ACCOUNTING AND MANAGEMENT

                               The Italian Lucca Pacioli, Father of Accounting, introduced double entry system of accounting which established a framework for accounting that has endured essentially unchanged for 500 years. Accounting systems existed well before Pacioli, but his was the first to present the double entry accounting system in book form as an efficient means of keeping business records and computing profits. It is understood that Pacioli advocated the use of double entry accounting because improved records would lead to improved business operation and profits. Even though double entry system of book keeping, computerized accounting also followed as the part of curriculum.  The major contributors in the management field were F.W. Taylor,( father of scientific management) and Hentry Fayol ( father of Modern management).

    THE  DEPARTMENT

                            The Department of Commerce has completed eight years of existence, proving its excellence in the field of Commerce. The dept was established in the year 2013 with B.com marketing as its core course. From 2014 onwards B.Com Model –II Computer Application & in 2015, Finance and Taxation was started and the M.Com finance in 2019. M.Com Management and Information Technology also introduced in 2020. The syllabus of B.Com is continuously restructured as per the university guidelines and norms. The department is imparting education to undergraduate and post graduate students. The department is enriched with 12 lecturers who contribute to the overall development of the students. Department Envisions to provide excellent and value based commerce education.With respect to students, the focus was to introduce new teaching methodology that would engage them more thoroughly and enhance the learning experience. Many students– centric initiatives. were introduced.

    THE PEER LEARNING SYSTEM

                            The peer learning system was introduced for all the first year classes. Groups were made blending a mix of gender, learning abilities, language and region. Advanced learners were identified as group leaders to facilitate learning of group members within and outside class-rooms. Leaders directly connect with the class / subject teachers with problems of individual group members that were addressed appropriately. This peer learning exercise proved to be advantageous in two ways- firstly the students benefitted from the collaborative and cohesive learning and secondly the teachers were able to focus on mentoring. Student mentoring and attendance follow was continuously monitored by all class teachers which reflected in their attendance percentages and performance in examinations.

                           The style of administration was to involve faculty members in the decision making process through discussions and collaboration of ideas. This strategy solicited their committed participation in implementation and execution. Every idea / initiative of the department was discussed in the department meetings; group-wise deliberations were made and were open to suggestions and criticisms. Groups were consciously made with a blend of seniors and juniors, or based on different specializations as the case maybe to elicit profound insights. Responsibilities for various activities were delegated on rotation to faculties based on their expertise, ensuring their active involvement and balanced work load for all. The importance of proper documentation of all activities conducted was emphasized from the beginning and brought commendations during the quality audit process. Some of the initiatives were bench-marked as best practices - viz- curriculum review process, Learning circles discussions and their outcomes, student-centric pedagogies, special students mentoring, special supplementary coaching etc. As the part of curriculum one day industrial visit conducted by B.Com CBCS 2017 admissions and each year. Study tour also conducted.

    VISION

              We change the lives of a group of committed youth by making their  dreams come true and to make an immortal impact in the society by emerging as true leaders.

    MISSION

              We focus on the physical, spiritual, intellectual , moral, and aesthetic power of students to transform them into intellectually trained, morally upright, socially committed and spiritual inspired youth.

    ACHIEVEMENTS:

    •    Commerce Department got overall championship in Arts, sports and food Fest conducted during the academic year 2019-2020.
    •     Students were participated in different Intercollegiate Management Fest and got First prize in Photography, Treasure hunt, best manager etc.

    COMMERCE ASSOCIATION

              The activities of the PG Department of Commerce are spearheaded by the Commerce Association of KMEA College of Arts and Science each year. Theassociation has each and every student of the department as its active members. The association is led by a body consisting of Association President,Vice-President, Secretary and treasurer, the perfects of each class under the guidance of Head of the Department, Association- in-charge teachers and other faculties of the department. The association plays an important role in making the department a front runner, in and out of the college.

    OBJECTIVES:

    The Commerce Association during the academic year 2020-21 conducted programmes with the following objectives.

    * To bring about an overall development in the outlook of its members byimparting the necessary skills.

    * To develop the soft skills and leadership skills among students through conducting various programmes.

    * To channel the vision and mission of students towards lucrative career opportunity.

    * To develop a harmonious relationship with the fellow students of other college by way of participating in the activities and competitions held inother campus.

    * To acquire event hosting skills by way of conducting inter collegiate, inter department and inter class programmes.

    * To put the concept of “Espirit De Crops” into practice.

    REPORT OF THE DEPARTMENTAL ACTIVITIES - ACADEMIC YEAR (2019-2020)

                                    The inauguration of the Commerce Association – ‘COMFIESTA 2020’ for the academic year 2019-2020 took place on 1st February 2020 at 10.00 AM at KMEA College of Arts and Science College Mini Auditorium. The programme started by prayer. The welcome address was delivered by Asst.Prof. Bubina Abdulkhadir, Head of the P.G. Department of Commerce. Presidential address was delivered by Prof. Abdul Karim, Principal, KMEA College of Arts and Science, Kuzhivelipady. The chief guest Mr. Sangeeth Vinod, Singer from Padam Namuk Padam Television reality show, inaugurated the ceremony. Master Althaf A Shanavas, Chairman was delivered felicitation and Finally, the event came to a close with the vote of thanks by Asst.Prof. Charley Bivera. After the formal function, the various cultural programmes and prize distribution ceremony took place for the students in academic excellence.

    ACTIVITIES 

    1. * Invocation Ceremony of first year students.

    2. * Awareness Programme on Cyber Crimes.

    3. * Personality Development and Career guidance classes to students.

    4. * Conducted an IQ Test for recruitment.

    5. * Conducted Best Manager Competition.

    6. *As a regular activities, PATHEYAM PADHATHIPOTHICHORU.

    7. * Blood Donation Camp conducted on 18th June 2019.

    8. * Health Awareness Programme – ‘CORONA –THE EPIDEMIC’ was conducted on 5th February 2020. The classes handled by Saju.S (Health Inspector)

    9. * Inter Departmental quiz  Competition conducted on 14th February 2020.

    CAREERS IN COMMERCE ( JOB OPPORTUNITIES)

    1. Accountant:

           After your graduation immediately you can work as an accountant and most of the fresh commerce graduates look for a job as an accountant. Accountant is required in all types of industries. Every company requires accountant to run their business and to keep track of profit and loss of their company.
    1. Tax Consultant:

           Taxation you learn in college itself, after graduation you can work as a tax consultant with any firm and get some experience. Later on you can independently work as a Tax consultant or work from home or can also start your own firm.
    1. Human Resource Manager:

        Fresh graduates can work as HR person or can also do their Masters in Human Resource. Later on you can work as independent HR person also.
    1. Banker:

        You can check the recruitment ads or the banks website they mostly hire the commerce graduates. Even many banks hire the fresh commerce graduates also. You can get a job in any bank by registering on the banks websites or by following the employment news.
    1. BPO / KPO:

           Most of the BPO’s / KPO’s (Business Process Outsourcing / Knowledge Process Outsourcing ) prefer commerce graduates and you in BPO/KPO you can work as client serving executive, customer care executive and Team leader. In this outsourcing companies there are lots of opportunities and they offer a good pay package.
    1. Auditor :

    2.  Auditor is the upper position after the accountant. As an auditor you have to check financial statement and accounting ledgers. As an auditor you have to work with several clients and have to travel also.

      1. Stock Broker:

         After graduation you can do any small course in stock trading and get the knowledge. Finance, Mathematics and Economic subject will help you a lot as a Stock Broker.
      1. Lecturer:

         After Bachelors of commerce you can do two year course of Masters of Commerce and can work as a commerce lecturer in college or universities.
      1. Export Import Manager:

         All the big companies doing Export Import need Export Import Assistant/ Manager for documentation work, custom work etc. You can join as a fresher or can do specialization in Export Import after graduation.
      1. Finance Consultant:

        As a financial consultant you can advice one on the savings, retirement planning, financial planning about the future etc and can save them from the future money crisis.
      1.  Insurance Consultant:After B.com in Banking and Insurance you can work in Insurance Industry as an Insurance Advisor or Insurance consultant etc
      1. CA / Cost & Work Accountant / Company Secretary:

            Chartered Accountant (CA) / Cost and Work Accountant (CWA) / Company Secretary (CS) are the more advanced career option after you can give the exams while you are in college also.
      1. Event Manager:

          We all know how the Event Management business is getting the importance day by day. After graduation you can do Masters in Event Management and later can work as Event Manager.
      1. Travel Agent / Travel Manager:

          After graduation you can work with Travel and Tourism Industry. Marketing, Accounts and Costing subject will help you a lot in this field.
      1. Government Jobs:

          B.com graduates can give competitive exams and can try their luck to get government job in civil services, public sector, government banks etc.
      1. Lawyer:

          To become lawyer even after B.com graduate you can do LLB and then get the experience by working under lawyer and then later in life can start working independently as a lawyer.
      1. Market Researcher:

          As a market researcher your work is to do market research and let know the company about the market trend, market competitors before launching any new product or before taking any important decision.
      1. Entrepreneur:

          Even after B.com graduation you can start working as an Entrepreneur as during your graduation you learn about accounts, tax, marketing, finance and insurance also. If you are starting small scale business you can work as a sole entrepreneur as you know lots of things of the business.
      1. Hotel Management:

           B.com graduates can also work with Hotel Industry and can do specialization in Hotel Management. For Hotel Management costing knowledge is required.
      1. Economist:

          To work as an economist you have do Masters of Commerce in Economics.
      1. Administrative Personnel:

          A fresh B.com graduate can work as Administrative in any type of industry. For administrative job a degree and computer knowledge will help a lot.
      2. HIGHER STUDIES:

      3.  

        B.Com degree Programme form the basis for marvellous Higher Studies options

      4.       M.Com

      5.       MBA (All  Branches)

      6.       M.Com (All Branches)

      7.       CA

      8.       ICWA

      9.       PG Diploma in Management

      10.       PG in Airlines

      11.       PG in Hospitality  Management

      12.       PG in travel and tourism 

      13. OUR PRIDE:

      1.Shees Pareed-HDFC

      2.Thasni P.S-The New Indian Express

      3.Liyana Basheer-The New Indian Express

      4.Mr.Sadhana Singh-Aldous GTE

      5.Mr.Akhil K.A-Aldous GTE

      6.Mr.Tones-Aldous GTE

      7.Ms.Devika Krishnan-Aldous GTE

      OUR PRESTIGIOUS FACULTY:

      The Department is enriched with the following  Eminent and Competitive Teachers;

      Ms. Sajeena MA          -     M.Com Finance, NET, SET

      Ms. Anshifa.  N            -     M.Com Finance, NET, MBA,NET

      Ms. Rohini.V.K             -     M.Com Finance, DIFA

      Mr. Charley Bivera     -     M.Com Finance

      Ms.Jabeena.M.A          -     M.Com Finance

      Ms. Hazeena.E.H         -     M.Com Finance, NET

      Ms. Aswathy Babu     -     M.Com Finance

      Mr. Nidhin.K.R.            -     M.Com Finance, NET, SET

      Ms. Sandra Sali          -     MBA –Finance & Marketing,

      Mr. Niyas .T.H               -     M.Com, B.Ed, SET

      Ms. Nimisha Wilson   -     M.Com, B.Ed, SET, Ph.D (Pursuing)