Since as a stream of study, commerce can be opted for study right after 10+2 and is also available as an option in high school. Some of the career options as well as subjects of study are:
Chartered Accountancy- A rapid expansion in economy, careers in Finance and accounts have gained so much popularity in India that CA has emerged as a most prestigious career option amongst youngsters. Institute of Chartered Accountants of India offers a platform to future chartered accountants by conducting entrances on different levels.
Business Administration- Degree in business administration is India’s most preferred courses with the impact of privatization and liberalization. Successful completion of MBA degree course in India from a reputed institute promises to yield a career that can touch unknown heights.
Business Economics-Comprising of day to day concepts of economics including laws of demand and supply, law of returns, elasticity, theory of pricing under varied market forms etc, makes business economics a great subject to study for future economists.
Financial Accounting- The emergence of MNC in India has led to a great demand of Financial Accountants who keep a close watch on preparation of profit and loss statements, balance sheets and final accounts of company, in-depth knowledge of Indian and International accounting standards, calculation of depreciation and evaluation of shares and goodwill of a company.
Cost Accounting- Cost accounting process may include job and contract costing, costing of overheads, standard and variance costing and budgetary control. All these things are of high importance in multi national firms and similar organizations.
Income Tax- Income tax students are of great importance to almost all kinds of organization and these are the professionals who actually study the concepts of nature and basis of charge of income tax, tax planning, tax deduction, income not taxable and many more similar concepts related to income that is liable to subjected for income tax.
Auditing- This realm deals with vouching, evaluation and verification of varied transactions, assets and liabilities. Auditing also imparts study of auditing various organizations including clubs, hospitals and charitable concerns.
Business Finance- Business Finance professionals analyze the financial activities of the organization. It imparts the scope financial analysis as a diagnostic tool, the management of working capital and allied components as well as capital structure leverages.
Business Law and Business Communication- On one hand business law discusses the varied laws in India in compliance to Business such as companies act and the Consumer Protection Act. Similarly, on the other hand, business communication deals with the art of business correspondence that expands over business letter writing, memo writing, notices and many more.
Marketing- Marketing realm deals with products and services offered by the company and pricing methods, promotion, channels of distribution and logistics and many more.
