What is Commerce?
Commerce is the field of study in which students who are interested in business, financial information/transactions, trading of economic values, merchandising and trading. Commerce act as trading conduct for economic agents. And Commerce plays a major role in magnifying the well being of citizens by providing beneficial goods and services.
Types of courses after 10th
- 11th and 12th standard
- Diploma in Engineering courses
- Other vocational courses
- ITI courses
Best course after 10th
Choosing the right stream after 10th is an important task for every student life. The stream that he/she chooses after 10th will play a huge role in determining his/her career path. As the majority of the people in India are attracted towards these three paths of education and they are;
- Arts stream
- Commerce stream
- Science stream
In domains and career roles, the most popular choice in the people’s point of view is the Science and Arts stream. But everybody misses the point that even commerce play a major role in every sector of arts and science. In the Digital Age of the world, people start to realise how commerce has been used in every field of technology and
People started to migrate towards the commerce field.
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 subject would be the best decision taken by an individual.
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 courses after completing class 12. Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountant (CMA), Chartered Financial Analyst (CFA), Banking Sector, Teaching Profession, etc., are few famous carrier options for commerce professionals.
You also might be interested to know: Why choose Commerce after class 10th?
List of Course for Commerce Students
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 subject in class 12th, 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 a vast subject in the social sciences, that allows an in-depth study of a degree of specialties. 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 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 and detailed view about commerce, stay tune with BYJU’S.
Frequently Asked Questions
What Are The Subjects Of 11-12th Commerce In CBSE Board?
For both Class 11th and 12th Commerce Students, three subjects that are compulsory are Mandatory Main Ones are three- Accountancy, Business Studies, Economics, and English. Apart from these subjects, a few optional subjects are Maths, Informatics Practices, Entrepreneurship, and Physical Education.
Which Are The Best Books For Accountancy Class 12?
The best book that students can refer for practicing Accountancy class 12 examination are: 1) T.S Grewal 2) D.K Goel 3) Sandeep Garg, T.R.Jain
What Topics Are Good For Economics Project Class 12
Few interesting topics for economics project Class 12 are- Non-Performing Asset and Central Bank’s procedures to recover it, Imperfect competition and Market failure, Theories of the Long run supply curve, Central Bank’s functions with special reference to RBI, and RBI’s policies to curb inflation and appreciate currency value.
What Are Some Good Topics For Business Studies Project Work For Class 12th?
Few interesting topics for economics project Class 12 are- Study of courier and postal service, a study of franchise retail store, Case study of any product, Comparative of two wholesalers, and a study of a weekly bazaar in your locality, etc.
What Are the Optional Subjects In 11th With Commerce?
Few optional subjects are Computer Science, IP, Psychology, Mathematics, Other foreign languages, Physical Education, Sociology, Fine Arts, and Music, etc.