What are the careers in Commerce -Finance and Accounting?

What is commerce?

Commerce is the activities and procedures involved in buying and selling things.

Commerce:-  trade, business, dealing, exchange  

Key Words of Commerce:-Accounting, Marketing, Management, Business Administration, e-Commerce, and Banking

Commerce (also sometimes called distribution services or distributive trades), comprises mainly wholesale and retail trades. (https://www.ilo.org/ )

Commerce is the exchange of goods and services, especially on a large scale. It includes economic, legal, political, social, cultural, and technological processes operating in a country or international trade. (https://cleartax.in/g/terms/commerce )

The exchanging, buying, or selling of things having economic value between two or more entities, for example goods, services, and money.  Commerce is often done on a large scale, typically between individuals, businesses, or nations. (Cornell Law School)

Commerce is the exchange of goods and services between two parties. While a transaction refers to the buying and selling of an item, commerce is all the transactions of that item in an economy. Commerce focuses on distribution rather than production. Many nations have created government agencies to promote and manage commerce. Large organisations also regulate commerce. When commerce is managed properly, it can increase the economic vitality of a company and community. (https://in.indeed.com/career-advice/finding-a-job/career-opportunities-in-commerce )

What is E-commerce?

  1. E-commerce refers to the purchase and sale of goods and/or services via electronic channels such as the internet,
  2. Selling or purchasing a physical product online,
  3. Includes the sale and purchase of non-physical goods, such as services and digital products,

Professional courses after 12th Commerce

Bachelor of Commerce (B.Com)Bachelor of Business AdministrationBBAChartered Accountant (CA)
Company Secretary (CS)Bachelor of Computer Application (BCA)BA. Economics (Honours)Bachelor of Banking and Insurance (BBI)
LLB (Bachelors of Law)Bachelor of Accounting and Finance (BAF)CMA (Cost and Management Accountant)Bachelor of Business Studies (BBS)
BA. English Hons.    Bachelor of Financial Markets (BFM)B.Sc Hons. StatisticsBA Visual Communication
BFT (Bachelor of Foreign Trade)Mass media and JournalismBMS (Bachelor of Management Studies)Hotel Management Program (BHM)
Travel and tourism    Bachelor of Fine Arts  
 Business Administration International Business Computer Applications Accounting Tourism Travel & Tourism Management (BTTM) supply chain Entrepreneurship Sports Management Information Systems Hospitality Finance Retail Human Resources Management Global Business Hospital & Healthcare Marketing Human Resource Management

Major Employment Sector for Commerce Students

Banking, Financial Services and Insurance (BFSI)Retail ManagementTelecom IndustryReal Estate
HospitalityE-CommerceLogistics managementIT/ITES – Information Technology
Research and consultancyMedia and Entertainment  

Career options in Commerce

Chartered AccountantFinancial AnalystAuditorTax Policy Analyst
Chartered certified accountantChartered management accountantChartered public finance accountantExternal auditor
Company SecretaryActuarial SciencesCivil ServicesExport-Import Manager
Cost AccountantStock BrokerSocial WorkerAsset Manager
Investment BankerConsultantsBanker and Loan OfficerFamily Business Manager
EntrepreneurEconomistComputer ProgrammerTax Policy Analyst
Hotel ManagementData analystLawyerTechnical support executive
Travel specialistForeign Trade ManagerAuditing and TaxCapital Market
Market researcherRetail managerCost and Work AccountantCost and Management Accountant
Insurance agentStatisticianCertified public accountant (CPA)Budget analyst
Forensic AccountantInformation and Technology AccountantManagerial AccountantController  
Chief Financial Officer (CFO)Business development managerLicensed conveyancerMortgage adviser
Treasury Analyst  Procurement manager

Skills for Success in the Field of Commerce

The global marketplace is always changing. Commerce Career Services works with you to navigate those changes. We help you discover opportunities and ensure that you’re the right person for the job—and equally important—that the job is the right fit for you. (https://www.commerce.virginia.edu/career-support )

Knowledge of Accounting PracticesProficiency in Accounting SoftwareAbility to Prepare Financial Statements
Knowledge of General Business PracticesAbility to Analyze DataCritical Thinking Skills
Accounting Organizational SkillsTime Management SkillsWritten and Verbal Communication Skills
`Continual Learningknowledge and awareness of business organisationsNumerical and quantitative skills
Problem-solving and analytical abilityEntrepreneurshipknowledge of global business issues

Resources Web links

https://vimeo.com/184907108  (The Minnesota Department of Commerce)

https://www.ottawa.edu/online-and-evening/blog/july-2021/10-best-accounting-skills  https://www.prospects.ac.uk/careers-advice/what-can-i-do-with-my-degree/accounting-and-finance   https://www.monsterindia.com/career-advice/career-options-for-commerce-after-12th/    https://www.jainuniversity.ac.in/blogs/careers-in-commerce