TheInstituteofCommerce,NirmaUniversitywasestablishedintheyear2016.TheInstitutesymbolisestheprinciplesofbrilliance,excellenceandprofessionalism.Itaimstoimparttop-classeducationinthefieldsofAccountingaswellasBanking,FinancialServicesandInsurance(BFSI)sector.TheInstituteisacentreoflearningwhereknowledgefuelsthedesirefordistinction,andservesthechangingneedsoftheindustry.

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InstituteofCommerce

ataGlance

LifeoncampusforthestudentsofInstituteofCommerceisthrillingandexciting.TheyearsthatstudentsspendonthecampusofNirmaUniversityturnouttobethemostfulfillingyearsoftheirlives.

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Knowledge&skillsessentialfor"ProfessionalAccountingQualifications"

CharteredAccountant(CA)qualificationisoftentermedasoneofthemostsought-afterprofessionsintheaccounting&financedomain.TheprimaryreasonbehindthisisthattheCAqualificationofferedbytheInstituteofCharteredAccountantsofIndia,comesupwithlucrativesalarypackagesaswellasexcellentself-employmentopportunities.ThisisoneofthereasonswhyeveryyearweseeasurgeinthenumberofstudentswhowanttopursueacareerasaCharteredAccountant(CA). ApartfromCA,someofotherprofessionalaccountingqualificationsgettingprominenceare:CompanySecretary(CS)offeredbytheInstituteofCompanySecretariesofIndia,CMAofferedbytheInstituteofCostAccountantsofIndia,ACCAofferedbytheAssociationofCharteredCertifiedAccountants,CGMAofferedbytheAssociationofInternationalCertifiedProfessionalAccountants.Theseprofessionalexams,especiallytheCAprogramissaidtobeoneofthetoughestprofessionalprogrammesinthecountry.Thisiswhyweseemajorityofstudentsputtinginyearsofeffortbeforetheycracktheexam. Tobecomeasuccessfulprofessionalaccountant,oneneedtohavearightblendofknowledgeandskills.WeattheInstituteofCommerce,NirmaUniversityproudlyofferwithrigorandrelevance,therequisiteknowledge(fordetailsrefertoourcurriculumstructureavailableonourwebsite)andskillstoprepareourstudentstosailthroughtheseprogrammesandintheirprofessionalcareerssmoothly.Thisblogpresentsanoverviewoftheessentialskillsthateveryprofessionalaccountingstudentmustpossess. MathematicalSkills DealingwithnumbersisadailypartofanAccountant’sworkprofile.Thatiswhyitisnecessarytohaveaccuracyandspeedinmathematicalcalculations.Moreover,havingastrongbasicfoundationinmathematicsplaysahugerolegraspingotherconceptsofaccountingandfinance,whichhelpsinhavingasuccessfulcareerasaCA,ACCAorCMA ConceptualUnderstanding Thenumberofstudentswhoattempttocleartheprofessionalaccountingexamsishigh,butthepassingrateisverylow.Thereasonbehindthisis,studentswhohavejustmuggedupthecontentfinditchallengingtoattemptthequestionsaskedintheseprofessionalexaminations.Therefore,studentsneedtohaveasolidconceptualunderstandingofthebasicconceptssoastoanswerthequestionsappropriately,someofwhichmaybepreviouslyunseenquestions. Discipline,Diligenceandhardwork Disciplineisessentialtopursueaprofessionalaccountingcareer.Thereasonsbehindthisare,thesyllabusisvast,andthepassingrateislow,sostudentsneedtoputextraeffortwithpatienceandinadisciplinedmannertomanagethistightropewalk.Additionally,articleshipsarequiteinfamousforbeing12-14hourjobswithpeanutsforpay.Thismeansyouhavetohavethepatienceandperseverancetosurvivethecoursework,examsaswellasarticleshipworkandmaintainabalanceamongthesecompetingtasks.Abalancedapproachisrequiredsincestudentneedstoscoreminimummandatorymarksinallsubjects.AtInstituteofCommerce,NirmaUniversitystudentslearntohavebalancedapproachmanagingtheirstudieswithplanning,organisingandparticipatinginvariouscurricularandextra-curricularactivities.Suchanatmosphereinculcatesaspiritofleadershipandanunderstandingofdifferentaspectsofcommerce.

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WhyshouldonegoforaBachelor’sHonoursinBFSIandAccounting?

WhyshouldonegoforaBachelor’sHonoursinBFSIandAccounting? BachelorofCommerce(Honours)istheidealcourseoptionforcareerandjobsinmanagement,teaching,publicandprivatesectorjobsincludingbanks,insurancecompaniesorotherfinancialinstitutions.ItalsoofferschoiceforvariousprofessionalandskilledbasedcourselikeActuarialScience,DataAnalytics,CFA,CA,CSandMBA.RightfromtheinitialstagesofBCom(Hons),youasastudentshouldfocusonthingswhichplayanimportantroleinbuildingthefoundationforyourfuturegoals. AstudentholdingaBachelorsofCommerce(Honours)degreeiswellpreparedtosustainasacorporateemployeeorasanentrepreneur.Asastudentyougainadequateknowledgeofbusiness-relatedaspectsthatallowyouadaptingtothechangesinthedynamicbusinessworld,focusinginternationallyandgatheranin-depthunderstandingofthebusinessworld.Ontheotherhand,ifyouchoosetostartyourownbusiness,youcanrunitsuccessfullyandprofessionallytoachievegreatersuccess.Commercegraduatesgoontoworkindifferentsectors,andnotallofthemarethosewhowouldtypicallyassociatewithbusinessingeneral.Thediversityandplenitudeofcareerswithabusinessdegreeunderliesthesubject’sappealformanystudents. Someoftheotheradvantagesofstudyingthisdegreecanbe– DevelopingCriticalThinking First,abusinessdegreeprogramwillteachyoucriticalthinkingandproblem-solvingskillsrangingfrombalancingabudgettoweighinguncertaintiesinthebusinessworld.Yourmindwillbecomesharpandquicktodealwithtoughsituationsandfindthesmoothestwayout. BetterAnalysisofData Second,youwilllearnthecrucialaspectsofdataanalysis.Onthesurface,businessmayjustlooklikeexchangingmaterialgoods,butanygoodbusinesspersonknowsthatunderneathitallarenumbers.Knowledgeofstatistics,patterns,andeconomicformulashelpbusinessesmakethemostoutoftheirbusinessoperations ImprovingCommunicationskills

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LifeExperiences

“Bethankfulforeverythingthathappensinyourlife;it’sallanexperience.” -RoyT.Bennett Quotingtheselinesonlymakesiteasierformetoexplainhowmylifejourneyhadbeenlikearollercoastertillnow.Theseexperienceshavetransformedmeintomoreofapragmaticpersonratherthanonemakingdecisionsimpulsively. AllofthisstartedwhenIwasappearingformy12thboardexams.Ithasindeedbeenacriticalpointineverystudent’slifetodecidethecourseoflife.IwasfacingasimilarsituationwhenIresearchedaboutvariouscollegesacrosscountryforbesteducation.NirmamaynotbethefirstinstituteIwaswishingforbuthadbeeninmylistfrombeginningbecauseofitsreputation,positionamongthetopuniversitiesofcountry,itsacademicvaluesandexperiencesofitsalumni. Initially,InstituteofCommercewasn’tmuchintomymindbutaftersortingmanycollegesaccordingtomyrequirements,theICNUwasthebestoptionleft.IwasgladthatIgotadmissionintheICNUafterWhenIenteredintothecollege,IfeltasifIhavebeenadmittedagainintoaschool.Thecollegewasmoreinclinedtowardacademicsandattendance,ofcourse.ButgraduallyitallseemsasifthiswastheplaceIwasdestinedtobe. AsaB.Com(Hons.)student,IwasreallynotexpectingmuchwithacademicsbutwhattheICNUhasgivenmeisinvaluable.JustwithinayearofmycollegelifeatNirma,IhavebeenapartofsomuchandsomanythingsthatIcouldn’tfathomthemtillnow.ThepoolofopportunitiesafterenteringNirma,beitinthefieldofacademicsorextracurricularactivities,isincomparable.Despitebeingthesmallestinstituteincapacity,ithasneverdroppedachancetoleaveotherinstitutesinaweafterexcellinginalmosteveryfieldofparticipation. Thebestpartofthisinstituteisthatitnevermademefeellessthanmyextendedfamily.Supportivefaculties,encouragingseniours,crazybunchoffriends,energeticauraandawelldevelopedcampus.Inshort,itcangiveanystudentahomelyfeeling.Thequalityofeducationimpartedtostudentsiswelldesignedandisentirelystudentbasedwhichcanhelpstudentsnurturetheirskillsandintellect.Apartfromstudies,theICNUhasspreaditswingsinmanyareaslikesports,cultural,literatureandtheatre.Itjustdemandsyouractiveparticipationwhichalwaysgetsacknowledged. Ihavelearntsomuchwithinayearthatitonlymotivatesmetoinvolvemoreandsharpenmyskillsforhigherlevelsofcompetitioninouterworld.Howimportantitistostayhighspiritedandworklikethere’snotomorrowisthebestteachingofNirmathatI’veeverreceivedinmylife.NirmaUniversityhasitsownworldofemotionswhichonlybindsyoutoagreatnetworkofpeopleandtoyourselfaswell.TheamountoflessonsthatIhavereceivedfromthepeopleofNirmaisunmatchedtoanyotherplace.Aftereachpassingday,IcanonlyenvisionmyselfbecomingthebestversionofwhoI’mtoday. ItgivesmeimmensesatisfactionthatIchoseNirmaUniversityoverotherinstitutionsformyhigherstudies.MyexperienceatNirmaUniversityhadbeenagreatjourneyuntilnowwhichonlymakesmeeagerlywaitforthecomingsurprisesofmycollegelife.

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AilingMicro,SmallandMediumEnterprisesofIndia

Micro,smallandmediumenterprises(MSME),despitebeingamongtheleadingsectorsdrivingtheIndianeconomy,aremarredwiththeslowdownacrosssectors.Thegrowingincidenceofsicknessofthesectorapartfromnon-availabilityofauthenticfinancialdata,vulnerabilityonaccountofdelayedpaymentsbybuyers,technologicalchallengesduetolowawareness,absenceofsingleMSMEdatarepository,lowawarenessaboutvariousgovernmentinitiativesandlackofcompliancetostatutory,legal,environmentalnormsaresomeoftheissuesthatMSMEsarestrugglingwiththesedays.TheroleofMSMEsinemploymentgeneration,entrepreneurship,exportsandinnovationiswellunderstood.Onlyproblemis,inmostparts,it’only’remainsunderstood.PrimeissuesailingtheMSMEsinIndialargelyremainunappreciatedandunattended.Andthereinliestheproblem! ChallengesfacedbyMSMEsector: 1.Thesectorisalwaysfundstarved.Banksareoftenunwillingtolend.Besides,whateverbankfinancethesesectorsget,comesatfarhigherinterestcoststhanwhatlargeenterprisescannegotiate. 2.Longreceivablescyclesmakeamessofworkingcapitalmanagement. 3.Littleaccesstotrainedlabour,technicalprogressandmanagementsupportlimittheirgrowth. 4.Othercommonproblemsfacedbysmallenterprisesarerelatedtoavailabilityoftechnology,infrastructureandmanagerialcompetence,andlimitationsposedbylabourlaws,taxationpolicy,marketuncertaintyandimperfectcompetition. GiventheshapeandtypeofMSMEs,itisn’tdifficulttovisualizethesortofissuestheywouldconfront.Inthefirstplace,thegreaterpartofthemarenotenlistedanyplace.Beingoutoftheconventionalsystem,theydon’tneedtolookafterrecords,coverdutiesorclingtoadministrativestandardsandsoforth.Thiscutsdowntheirexpenses.However,asitisclearinaperiodofemergency,itadditionallyobligesanadministration’scapacitytosupportthem.Asindicatedbya2018reportbytheInternationalFinanceCorporation,theconventionalfinancialframeworksuppliesshortofwhat33%ofthecreditMSMEcreditneedthatitcanpossiblysupport. Attheendoftheday,themajorityoftheMSMEsubsidizingoriginatesfromcasualsourcesandthisrealityisvitalinlightofthefactthatitclarifieswhytheReserveBankofIndia’sendeavorstopushgreaterliquiditytowardstheMSMEshavehadarestrictedeffect. AreourMSMEsMakeInIndiaReady?

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News&Events

InstituteofCommerceConcludesICSSRSponsoredTwo

InstituteofCommerce,NirmaUniversitysuccessfullyconcludedtheICSSRsponsoredtwo-weeklongCapacityBuildingProgrammeon”ContemporaryIssuesinAccountingEducationandResearch”onMarch,12,2022.ThevaledictoryceremonywasheldatNI

InstituteofCommerce,NirmaUniversityWelcomesFo

InstituteofCommerce,NirmaUniversity(ICNU)organisedtheorientationcuminductionprogrammeforitsfourthbatchofB.Com(Honours)studentsonJuly16,2019.TheB.Com(Honours)programmeofferedbytheICNUintendstopreparethestudentsfortheircareerin

NationalLevelCaseAnalysisCompetition(NLCAC)20

TheInstituteofCommerce,NirmaUniversityorganizedanationallevelcaseanalysiscompetitionon31stJanuary,2020inassociationwithIndianSocietyforTrainingandDevelopment(ISTD)–AhmedabadChapter.Thecompetitionwasdesignedprimarilytopromot