B.Com, M.Com SCHOOL OF COMMERCE & FINANCE INFORMATION information brochure
About IEC University IEC University, established under THE IEC (INDIA EDUCATION CENTRE) UNIVERSITY (ESTABLISHMENT AND REGULATION) ACT, 2012 is a venture of already wellestablished IEC Group of Institutions spread over 100 acres of land in Northern India. We are based in Baddi, an industrial town in Himachal Pradesh, located around 32 Kms from Chandigarh. Our 14.5 acres of sprawling campus situated against the backdrop of beautiful Shivalik Mountains offers safe and attractive environment to study with the best quality resources and facilities. Our University aims to deliver multi-disciplinary world class education through effective and efficient processes so as to make it accessible to all sections of society. Ours is a vibrant multicultural, multiethnic campus promoting a culturally pluralistic environment.
C o n t e n t WELCOME!! SCHOOL OF COMMERCE & FINANCE ACCOUNTING, THE PROFESSION REQUIRED SKILLS COURSE INFO Teaching Pedagogy F A Q (FREQUENTLY ASKED Questions) WHAT S NEXT?
WELCOME!! Dear Students,I am pleased to welcome you to IEC School of Commerce & Finance.We strive to achieve excellence in all that we do and this is reflected in the practice of both teaching & learning here. We believe in exposing students to not only the theory part of Accounting but its practice also. For this, our pedagogy includes tools like lectures, case studies, presentations, discussions, debates and demonstrations. The programme has a strong institute-industry interface through guest talks, seminars, field visits, etc. Practical training of accounting software also forms an integral part of the course structure. We have extremely experienced & dedicated faculty committed to shape the best professionals in the field of commerce.i invite you to experience this enriching environment at our School of Commerce & Finance. Dean, School of Commerce & Finance
ABOUT SCHOOL IEC School of Commerce and Finance offers a Bachelors honours and Master s degree in Commerce. This is the core commerce course at the undergraduate and postgraduate level. The course has the advantage of being broad based and exposes students to a wide range of commerce subjects. The School through its program aims to acquaint students with concepts of commerce while imparting skills of organization/ presentation/ analysis and application. The course structure has been designed to help students meet current market needs and face future challenges
Teaching Pedagogy The fast changing world economy has posed a challenge to the educational institutions to constantly revamp the discourse patterns. At IEC, we strive to gain a competitive edge in this arena. Having recognized the paradigm shift taking place in the management education to meet the aspiration of industry, we conduct the programs adding suitable values to the personality of students. In the Globalization era, when the corporate houses in business management and IT are expanding their wings all over the globe, need arises to produce quality pool which possesses the skill set required by the employers. Keeping this in mind, we at IEC initiated teaching methodology which works towards enhancing the skills of the students, so that they can be the best human resource to match the industry requirements. To do so IEC has adopted latest techniques in teaching methods which includes case studies, practical exercises, corporate guest lectures to fill up the gap between industry and academics, group activities to teach them how to work in team, practical exercises, and individual counseling for addressing their issues related to academics etc. The use of electronic media like PowerPoint presentations, use of internet, e-learning, mobile learning the classrooms helps students to understand the concepts better. Our students are constantly encouraged to do projects, give presentations, visit industries and attend several guest sessions in addition to individual mentoring sessions with the faculties. Electronic Media Case Studies Group Activities Industrial Visit Individual Counselling Corporate Guest Lectures IEC 08:30 Free TABLET for every student (at the time of admission) E-Learning Mobile Learning Practical Exercise Interactive Learning Smart Classes Seminars Research Oriented Teaching Foreign University Exchange Programs Unleashes for E-Learning Personality Development Sessions Pre Placement Trainings
ACCOUNTING, THE PROFESSION Accounting as a profession involves the collection, measurement and communication of economic information which is used for planning, reporting and decision making. Those who study accounts are employed in all areas of commerce, industry and government. This profession requires attention to detail, as well as a passion for numbers and their practical application. Accountants work in several areas. Public accountants perform auditing, tax preparation, and consulting for corporations, nonprofits, and individuals. Forensic accountants investigate crimes like embezzlement and securities fraud. Management accountants record and analyze financial information within a specific company. Required Skills? An accountant requires a range of skills to do his job. To become a professional accountant, you need to have two types of abilities: innate and acquired. There are certain talents you are born with, and there are some skills you need to acquire in class. Here s how these skill sets break down: Innate Numerical Competence A passion for detail A thirst for knowledge Good communication skills Learned Computer skills Higher Mathematics Knowledge of Laws, Rules & regulations Reporting skills
COURSE INFO B.COM (HONS) ELIGIBILITY CRITERIA: Minimum Aggregate of 50% or equivalent in 10 + 2 with commerce or equivalent. Duration : 3 Years Total Credits: 135 Course Objective : The three year Bachelors degree in Commerce provides the student with a wide range of managerial skills. The curriculum focuses both on academic subjects, such as statistics, mathematics and economics, as well as practical business subjects, such as accountancy, law, management, marketing, finance, etc. M.COM ELIGIBILITY CRITERIA: B.Com Graduate with minimum 50% marks. Duration : 2 Years Total Credits: 90 To equip and train the students to accept the challenges of changing Business Environment - To study and analyse the new industrial and commercial culture. - To develop independent logical thinking and facilitate personality development alongwith development of communication and analytical skills. FACILITIES Contemporary Curriculum I Digital Library I Computing facilities with high speed Internet connection I Guest Lectures by Experts I Latest Accounting Software THIS ACCOUNTING DEGREE WILL PREPARE YOU TO PRACTICE AS AN ACCOUNTANT. DURING THE COURSE, YOU WILL LEARN THE ESSENTIAL ACCOUNTING KNOWLEDGE PLUS A RANGE OF BUSINESS RELATED SKILLS IN INFORMATION TECHNOLOGY, STATISTICS, ECONOMICS, COMMERCIAL LAW AND FINANCIAL MANAGEMENT.
COURSE STRUCTURE B.COM (HONS) SEMESTER I Business & Management Fundamental of Accounting Quantitative Techniques-I Computer Fundamentals Principles of Economics Foundation English-I Comprehensive Viva-Voice SEMESTER II Business Law Quantitative Techniques-II E-Business Advanced Accounting Business Environment Foundation English-II Comprehensive Viva-Voce SEMESTER III Environmental Studies Income Tax Law & Practice Cost Accounting Forex Management Corporate Law Professional Writing Comprehensive Viva-Voce SEMESTER IV Financial Management Auditing Operations Research Corporate Tax Macro Economics Technical Communication Human Values & Ethics SEMESTER V Indian Financial System Management Accounting Materials & Production Management Money & Banking Project Financing Business Communication Report (Financial Statement Analysis) SEMESTER VI Entrepreneurship Company Accounts Security Analysis & Investment Management Working Capital Management Computer Oriented Accounts Communication technique Comprehensive Viva-Voce M.COM SEMESTER I Business Environment Corporate Law Quantitative Methods of Business Managerial Economics Accounting for Managerial Decision Principles & Practices of Management SEMESTER II Organization Theory and Behaviour Human Resource Management Marketing Management Corporate Financial Accounting Financial Management Research Methodology SEMESTER III Computer Application in Business Strategic Management Corporate Tax Planning Security Analysis and Investment Management Financial Institutions and Markets Operation Research SEMESTER IV Advanced Financial Management Project Planning and Control Portfolio Management IT and E-Commerce International Business Environment Entrepreneurship Development
F A Q (FREQUENTLY ASKED Questions) Q1. What is the Address and contact numbers? IEC University Plot No. 7 & 10, AtalShikshaKunj (Kallujhanda), Baddi, District Solan, H.P. Toll free No.:1800118787, SMS IEC to 575758, Ph. No.: +91 9459898200/201/202/203. Q2. What is the website of your university? www.iecuniversity.com Q3. What Programmes are offered by IEC School of Commerce and Finance? M.Com (Master of Commerce)---------------------------2 years full time Program B.Com (H)(Bachelor of Commerce-Hons)--------------3 years full time Program Q4. What is the Eligibility for taking admission in M.Com? B.Com/ Graduation in any stream with 50 % mark for general category students and 45 % marks for reserved category students along. The candidate should also satisfy the conditions regarding minimum marks, the number of attempts in the qualifying examination & age as prescribed by the AICTE/UGC from time to time & physical fitness as may be prescribed by the Academic Council of the University Q5. What is the Eligibility for taking admission in B.Com (H)? 10+2 in any stream with 50 % marks for general category students and 45 % marks for reserved category students. The candidate should also satisfy the conditions regarding minimum marks, the number of attempts in the qualifying examination & age as prescribed by the AICTE/UGC from time to time & physical fitness as may be prescribed by the Academic Council of the University Q6. What is industrial training? While pursuing M.Com and B.Com (H) the students have to undergo industrial training to know about the culture and environment of the industries. It is given generally to make the student familiar with the industrial culture and to give him/her practical exposure. Q7. Why should I take admission in M.Com? The Master of Commerce provides an integrated set of learning opportunities for students interested in mastering the skills & knowledge necessary for effectively participating in & managing modern organizations Q8. What are the objectives of Commerce programmes? a. To provide students with the required tools for decision-making and data analysis. b. To give students the skills and the knowledge set necessary to ethically manage today s business operations for productivity and performance. c. To develop each student s strategic thinking. d. To provide students with an integrated knowledge of and demonstrated ability to perform as management professionals. e. Students will have the positive perspectives and skills that create productive managerial leaders and much more.
Q10. How will M.Com/ B.Com(H) program benefit me in my future? After completing a Commerce program you will be: a. Academically prepared for a managerial career b. Students will have the necessary attitudes and skills to become more productive employees, and to continue learning c. Can communicate effectively. d. Can become managerial leaders in a variety of organizations. e. Development of skills of Accountancy, Finance, Commercial, Taxation, leadership, teamwork and supervision. f. Skills of effective oral and written communication, presentation, and critical thinking. g. An understanding of and ability to use technology as a tool of effective management. h. Abilities for ethical decision-making. i. The ability to function effectively in a diverse and global business environment Q11. What is the medium of instruction for M.Com and B.Com (H)? The medium of instructions and examination shall be English in all the programmes, except in language courses where it is necessary to use the corresponding mediums. Q12. Will I get any scholarship during the program? Fellowships, Scholarships, Stipends, Medals and Prizes may be instituted by the University and awarded as per rules Q13. What subjects I will study in the M.Com? You can visit the website Q14. What are the job prospects after completing M.Com? You can get jobs in Account, Finance, Commercial, Taxation, Marketing, IT, Consulting, HR, Operations, Real Estate. Q15. What subjects I will study in B.Com (H)? You can visit the website and can see the whole syllabus there. Career Options Account Finance Commercial Taxation Marketing IT Banking Insurance Consulting HR Operations Real Estate
Admission Information Research the programmes available at our campus either through this guide or online by logging on to ieuniversity.com. Decide which course you want to pursue. Once you have decided which course to study, you can apply for admission: Online: The University has online application facility. Please refer to iecuniversity.com to lodge your application Post: Download a copy of our Application form from our website www.iecuniversity.com Phone: To request an application form, you can call us 1800-11-8787 How To Apply? 5 steps to enrolment 1. ApplicationCandidate can send an online application by filling the form & making a payment of Rs 500 online or through filling the particulars of a Demand Draft of the same amount made from any nationalized bank in favor of Finance Officer, IEC University, Baddi payable at New Delhi/ Baddi/ Himachal Pradesh. Those making the Payment through DD will then take a printout of the filled online admission form and submit the same to the campus along with the original draft and copies of required testimonials. Documents Required: As per the course eligibility 2. Application assessment form will be scrutinized by the admission committee constituted by IEC University. If you are short-listed, you ll be informed through a call or an email. 3. Arrive, Attend Counseling & Register Short-listed candidates will be called for counseling and selected candidates in the programme will be issued Registration form. The form will then have to be submitted with all relevant documents along the tuition & other fees. 4. Confirmation of RegistrationRegistration of the candidate in the programme. 5. Commencement of classes: 1st week of August.
WHAT NEXT? The commerce stream has witnessed a sea change over the past decade, with a range of specializations and career options emerging in recent years. Today, a commerce graduate has a plethora of options to choose from. The B.Com Hons. programme at our University provides a good base for a range of careers like CA, CS, banking, finance, auditing and so on. You can also pursue further studies. Procedure of Refund Applicant can obtain Fee Refund Form from the Admission cell in the University Campus, after the admission period is over. IEC University Accounts department will process the refund after getting the Fee Refund Form from the applicant. The fee would be refunded only after the applicant has surrendered the original fee receipt, ID card (if issued) and any other documents, as required by IEC University at the time of refund. Once the form and payment receipt has been verified, the University will deduct admission processing charges, as applicable, from the amount collected as admission fees. The schedule of charges to be deducted is mentioned in the webpage below. Refund, if any, shall be made only through cheque (account payee) in the favor of the concerned applicant. Refund for payments made online through Credit / Debit cards will be processed & credited to the same Credit / Debit card account after receiving and processing the written refund request from the student. Tuition Fee Refund Policy In case an applicant who has made full or partial payment withdraws before completing his registration, only processing fees of INR 1,000/- shall be deducted. The remaining tuition fees shall be returned. In case an applicant withdraws after completing his registration and if the seat consequently falling vacant is filled by another waitlisted applicant (if any) by the last date of admissions, the total amount after a deduction of INR 1,000/- shall be refunded; otherwise one term tuition fee shall be forfeited. In case an applicant completes his registration and withdraws after the commencement of classes but before the last day of admission and if the seat consequently falling vacant is filled by another wait listed applicant (if any) by the last date of admissions, the total amount after a deduction of tuition fee on a monthly pro-rata basis shall be refunded; otherwise one term tuition fee shall be forfeited. In case an applicant completes his registration and withdraws after the commencement of classes and also after the last day of admission, the total amount after a deduction of one term tuition fee shall be refunded, as the seat shall remain vacant. Hostel Fee Refund Policy Refund of Hostel Fee shall also be considered on the above mentioned basis. If the hostel room thus falling vacant is allotted to a wait listed candidate (if any), whether the withdrawal has been done before or after the room is occupied, the hostel fee shall be refunded after monthly pro-rata deductions. However, if the room remains vacant, no refund shall be considered. Transport Fee Refund Policy Refund of Bus Transport Fee shall also be considered on the above mentioned basis. If the bus seat thus falling vacant is allotted to a wait listed candidate (if any) on the same route, whether the withdrawal has been done before or after the commencement of classes, the bus transport fee shall be refunded after monthly pro-rata deductions. However, if the bus seat remains vacant, no refund shall be considered. Security Fee Refund Policy Security Fee shall be refunded after approval from the Admissions & Student Services Officer. He/she shall investigate whether the candidate has harmed/damaged any property belonging to the University. In such cases, security fee shall be refunded after deducting the cost of repairs; otherwise, the entire security deposit shall be refunded. Mess Fee Refund Policy All students who are staying in the University Hostel, with in the Campus or outside, will have to take food in the mess facility (Veg. or Non Veg.) provided by the University. No refund application will be entertained once a student occupies a room in the hostel.
WANT MORE INFO? If you have any questions, contact us at the address, phone numbers or mail ids mentioned below. We also invite you to visit our institute to see the facilities and discuss the courses on offer. IEC University Campus Plot No.: 7&10, Atal Shiksha Nagar, Baddi District Solan, Himachal Pradesh Ph: +91-94-598-98200/201/202/206 Toll Free No. 1800-11-8787 E-mail:admissions@iecuniversity.com Website: www.iecuniversity.com Corporate Office: 5, Sant Nagar, (Ground Floor) East of Kailash, New Delhi-110065 Ph. : +91-11-26231339, 26231340, 26291141 Fax: +91-11-26293571 Helpline No.: +91-11-26444838, 1800-11-8787