Commerce course is a very popular choice when it comes to Indian students who have just passed their 10th standard board examinations. Initially, it was presumed that the Science stream and its popularity had deteriorated the identity of Commerce stream. A few years ago, there was a perception that was stuck in the minds of Indian parents that, this stream was preserved for students who were not good in their academics. However, it has manifested everyone wrong and commerce is being chosen by the sharp students! According to the research conducted by the educational board in the year 2017, 2.67 lakh students choose commerce as their stream of education over science and arts in Mumbai alone.
This article is an eye-opener for everyone which proves that choosing commerce would be the best decision taken by an individual. You will be explained the details about commerce schooling (11th and 12th), boards of education available in India, subjects to choose and study, professional courses available post successfully accomplishing 12th, career opportunities, and prospects.
Why Commerce Stream after 10th?
- The diversity that commerce as a stream provides is one of the main reasons that attract many class 10th students.
- For instance, we can consider B.Com (Bachelor of Commerce) after completing class 12 board examinations. This 3 years undergraduate degree is like a fundamental foundation course. Post finishing it, one can pick from a wide range of Post Graduation professional courses and specialize in many other areas.
- Commerce as a stream is a gateway that leads the students towards various professional after completing class 12. Courses like Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountant (CMA), Chartered Financial Analyst (CFA), Banking Sector, Teaching Profession.
Branches Of Commerce
Commerce as a course of education can be interpreted as a study of business and trade pursuits such as the exchange of goods and services from the producer to the final customer. The important subjects that are educated in the Commerce stream in Class 11 and 12 comprise Accountancy, Economics, Business Studies, Statistics, Mathematics and Informatics Practices. There are various combinations of subjects that the students can choose in their class 11 and 12. Commerce Subjects covered in class 11 and 12 are given below –
|Class 11||Name of the subject|
|Business Studies (Mandatory)|
|Class 12||Name of the subject|
|Business Studies (Mandatory)|
|Informatics Practices (Optional)|
Accountancy is the practice of recording, allocating and outlining on trade transactions for a business. It provides an assessment of management concerning the financial outcomes and ranking of an establishment. Few accountancy tasks are recording classification and reporting of a transaction. When any information is prepared as a report for any individuals or companies use outside the organization, the process is known as ‘financial accounting’.
- Business Studies
Business studies a vast subject in the social sciences, that allows an in-depth study of a degree of specialities. Such as finance, accountancy, marketing, and organization. It gives an individual a substantial foundation and understanding of how a business should be operated, and improve one’s communication, operation, strategy, and commercial activity skill.
Economics can be explained in different ways. It’s the study of shortage, the study of how people make the utilization of resources and counter to the incentives. It helps people to understand how an individual, companies, and government makes a decision on declared resources to satisfy each desire and requirements. It also helps determine how an individual or an organization should organize and coordinate with each other to determine the expected outcome.
- Informatics Practices
Informatics Practices is a stream of software- related research. The subject primarily covers software, networking concepts, and coding. This field is corresponding to Computer science and dearths the hardware concepts while concentrating more on networking concepts than Computer Science.
Mathematics is an important part of commerce, all the methods of economics depend on the numbers. With the basic knowledge of math principles, an individual and an organization will be able to understand where they position themselves financially in the present and in the future. Most of the organizations use mathematics in inventory management, marketing, accounting, financial analysis, and sales forecasting.
- Statistics for Economics
Many ideas economic theory, like functional relationship amongst variables, are asserted in terms of symbols, algebra, calculus, etc. To examine several economic and social phenomena events, economic theories are better understood and analyzed according to the appropriate numbers. These numbers, which is also known as statistics represent facts on the basis of a mass of figures. This statistics help is a comparison of facts.
Students who are inclined towards athletics can choose Physical Education (PE). Opting for physical education as the 5th compulsory subject is a good decision. It is an easy and scoring subject (you can score 100) and students who find mathematics complex, can take it as an additional subject because it is beneficial for graduation.
Related Read: CBSE Commerce Syllabus for Class 11
What are the Commerce stream boards that are available in India?
There are 4 main educational boards in India. The students have the liberty to choose the board that they are comfortable with. The choice can be made according to the degree of difficulty associated with the syllabus. The educational boards’ names are mentioned below –
- CBSE – Central Board of Secondary Education
- ICSE – Indian Certificate of Secondary Education
- IB – International Baccalaureate
- State boards
International Baccalaureate is the most complex board amidst the above mentioned educational boards. It concentrates on the notion of ‘how to learn’. Much prominence is placed on the ‘knowledge application ’ and ‘practical aspects’ of studying.
IB is followed by the ICSE board when it comes to the complexity level. Later comes the CBSE board. It is one of the popular boards in India. It performs under the Union Government of India. Difficulty level related to this board is average.
Finally, comes the State Boards. Every state in India holds its own board of education. It is regulated under the respective State Government of each state. The medium of instruction (Language) in case of schools allied to state boards is regional languages and English.
Also Read: CBSE Commerce Syllabus for Class 12
On a final note, settle down on the hard work and persistence. The above-mentioned information is the reason that manifests and urges the students to take up commerce stream.
Go through the previous years question papers, discover the important questions, analyze and comprehend the exam pattern, sample papers and more. To know more, stay tuned with BYJU’S for more information on NCERT chapter wise solutions for Commerce for class 11 and 12 are provided below.