The Department of Commerce is a distinguished academic unit dedicated to providing comprehensive education and training in the field of commerce and was established in 2013. Since then, it has been scaling heights. The department's mission is to integrate commercial knowledge into training of creative and capable individuals for global business and service sectors, and to inspire them to start their own ventures in urban and rural areas. The department starts with Bachelor of Commerce (B. Com) that equips students with essential knowledge and skills in various aspects of commerce, such as accounting, finance, marketing, and business management. Later in 2015, Master of Commerce (M.Com) was introduced, for students who wish to specialize in areas such as advanced accounting, financial management, and international business and Taxation etc. The department has a team of well-qualified and experienced faculty members who are dedicated to fostering a stimulating learning environment. With advanced degrees and a mix of academic and professional experience, they ensure high-quality education and mentorship. The faculty actively engages in the latest trends and advancements in commerce and business. Faculty also encourages students to participate in sports, NSS, NCC, and other co-curricular activities. The Commerce department is showing tremendous participation in academic as well as co-curricular activities. Students are not only dependent on classroom learning but are also engaged in assignment, presentations, seminars, and projects etc. They also participate in sports, youth festivals and other skill enhancement activities organized by the department. The extension activities such as educational visits or community service program not only broaden learning through the exposure to outer world but a sense of belongingness. The department engages students in intra and inter-collegiate debates, group discussions, quizzes, role-plays, case studies, and skits etc. that foster communication, and leadership skill as well as teamwork. They also organize Entrepreneurship programs in collaboration with external agencies. Thus, the department balances rigorous academics with diverse co-curricular, offering courses and research that encourage critical thinking and practical application. Regular workshops, seminars, and guest lecture provide real-world business insights. Students enhance the department’s prestige through university ranks and high placements.

Vision:

"To empower students in the field of commerce with quality education, nurturing entrepreneurship and fostering research through innovative and sustainable practices and inculcate ethical and moral values among them by creating a friendly and inspiring support system."

Mission:

• To equip students with a broad understanding of commerce and useful skills, enabling them to pursue prosperous jobs in an increasingly international economy.
• To collaborate with industry and community partners, creating opportunities for practical application of knowledge and enhancing career readiness
• To conduct impactful research that contributes to the advancement of knowledge in commerce and addresses contemporary business challenges. .

Programs Offered:

Program Outcomes:

B.Com.:The Bachelor of Commerce (B.Com) degree is designed to provide students with a comprehensive understanding of the principles and practices of commerce, finance, and business. The program aims to equip students with the skills, knowledge, and abilities necessary to pursue successful careers in various sectors of the economy, including business, finance, accounting, and management.

Description of Program Outcomes

• PO1. Disciplinary Knowledge: Capability of executing comprehensive knowledge and understanding of disciplines that form part of commerce.
• PO2. Communication Skills:
1. Ability to communicate long standing unsolved problems in commerce;
2. Ability to show the importance of commerce as precursor to various market developments since the beginning of the civilization.
• PO3. Critical Thinking:
1. Ability to engage in reflective and independent thinking by understanding the concepts in every area of Commerce and Business;
2. Ability to examine the results and apply them to various problems appearing in different branches of Commerce and Business.
• PO4. Problem Solving:
1. Capability to deduce a business problem and apply the classroom learning into practice to offer a solution for the same;
2. Capabilities to analyze and synthesize data and derive inferences for valid conclusion;
3. Able to comprehend solution to sustain problems originating in the diverse management areas such as Finance, Marketing, Human Resource, and Taxation.
• PO5. Research-Related Skills:
1. Ability to search for, locates, extract, organize, evaluate, and use or present information that is relevant to a particular topic;
2. Ability to identify the developments in various branches of Commerce and Business.
• PO6. Information and Communication Technology (ICT) digital literacy: Capability to use various technical ICT tools (like spreadsheet) for exploring, analysis, and using the information for business purposes.
• PO7. Self-directed Learning: Ability to work independently, recognize, appropriate Resources required for a project, and manage a project through to completion.
• PO8. Cooperation/Team Work: Ability to work effectively and respectfully with diverse teams; facilitate cooperative or coordinated effort on the part of a group, and act together as a group or a team in the interests of a common cause and work efficiently as a member of a team.
• PO9. Scientific Reasoning: Ability to analyze, interpret and draw conclusions from Quantitative/qualitative data; and critically evaluate ideas, evidence and experiences from an open-minded and reasoned perspective.
• PO10. Reflective Thinking: Critical sensibility to lived experiences, with self-awareness and reflexivity of both self and society.
• PO11. Information/Digital literacy: Capability to use ICT in a variety of learning Situations, demonstrate ability to access, evaluate, and use a variety of relevant Information sources; and use appropriate software for analysis of data.
• PO12. Project Management: Ability to work independently, identify appropriate resources required for a project, and manage a project through to completion.
• PO13. Multicultural Competence: Possess knowledge of the values and beliefs of multiple cultures and a global perspective; and capability to effectively engage in a Multicultural society and interact respectfully with diverse groups.
• PO14. Moral and Ethical Awareness/Reasoning: Ability to embrace moral/ethical values in conducting one’s life, formulate a position/argument about an ethical issue from multiple perspectives, and use ethical practices in all work. Capable of demonstrating the ability to identify ethical issues related to one’s work, avoid unethical behavior such as fabrication, falsification or misrepresentation of data or committing plagiarism.
• PO15. Leadership Readiness/Qualities: Capability for mapping out the tasks of a team or an organization, and setting direction, formulating an inspiring vision, building a team who can help achieve the vision, motivating and inspiring team members to engage with that vision, and using management skills to guide people to the right destination, in a smooth and efficient way.
• PO16. Lifelong learning: Ability to acquire knowledge and skills, including “learning how to learn” that are necessary for participating in learning activities throughout life, through self-paced and self-directed learning aimed at personal development, meeting economic, social and cultural objectives, and adapting to changing trades and demands of work place through knowledge/skill development/retraining.
• PO17. Innovation Skills: Ability to incorporate alternative/innovative solutions, concepts and procedures.
• PO18. Entrepreneurship Skills: Recognize and attain an opportunity in the Entrepreneurship sector.
• PSO1: Students will be able to demonstrate progressive learning of various tax issues and tax forms related to individuals. Students will be able to demonstrate knowledge in setting up a computerized set of accounting books.
• PSO2: Students will learn relevant financial accounting career skills, applying both Quantitative and qualitative knowledge to their future careers in business.
• PSO3: Students will learn relevant managerial accounting career skills, applying both quantitative and qualitative knowledge to their future careers in business.
• PSO4: Proficiency with the ability to engage in competitive exams like CA, CS, ICWA and other courses.
• PSO5: Able to do higher education and advance research in the field of commerce and finance.

M.Com.:The Master of Commerce (M.Com) degree is an advanced postgraduate program aimed at providing students with specialized knowledge and skills in commerce, finance, and business. This program builds upon the foundational concepts learned in undergraduate studies, such as the Bachelor of Commerce (B.Com), and prepares students for higher-level roles in academia, research, industry, and management.

Description of Program Outcomes

• PO1 Knowledge Enhancement:Enhance the Knowledge of Business and Commerce and will create an ability to pursue higher education.
• PO2 Disciplinary Knowledge:Compare and contrast between the strong conceptual knowledge of management & its functional areas
• PO3 Communication Skills: Determine the effective way to expose students towards their oral and written communication skills in the professional context through proper knowledge of language.
• PO4 Critical Thinking: Analyze complex business problems critically apply independent judgment for extracting information to make intellectual and creative advances for conducting research.
• PO5 Team Building: Support students to work adequately in teams and manifest team-building capabilities in the students.
• PO6 Problem Solving: Construct strength in students to identify problems and collect relevant data that will help students to give them competence in finding solution of problems.
• PO7 Employability Options: The students will be ready for employment in functional areas like Accounting, Taxation, Banking, and Insurance.
• PO8 Moral and Ethical Awareness: Apply ethical principles and commit to the professional ethics and norms.
• PO9 Information/Digital literacy: Upgrade the capability to grasp and usage of modern tools and technologies.
• PO10 Leadership Skills:Upgrade skill in students to perform effectively as a leader as well as a member of a team.
• PSO11 Professional Excellence:Facilitate learner to pursue career in professional areas of commerce and management such as taxation, financial services, consultancy etc.
• PSO12 Competency Skills:Developing problem analysis skills and knowledge and applying the same in real life situation.
• PSO13 Research and Practical Knowledge:Using research knowledge and aptitude acquired in the course of study for solving relevant problems.
• PSO14 Entrepreneurial Development: Develop business capability, analytical skills necessary to appreciate e the dynamic nature of commerce and industry.
• PSO15 Self-Directed Learning: Accomplish business ideas, develop business plans, understand regulatory requirements, and locate sources of finance and other resources to start new business ventures.

Training and Placements:

The Department of Commerce has achieved remarkable success in placing its graduates across a diverse range of sectors. A significant number of students have secured prestigious positions in leading banks such as Axis Bank, IDBI Bank, HDFC Bank and Co-operative Bank, reflecting their strong analytical and financial skills. Additionally, several graduates have joined the Punjab Police. Furthermore, many students have pursued careers as Chartered Accountants, showcasing their proficiency in accounting and auditing, and underscoring the department's commitment to academic excellence and professional development. A significant number of students have secured prestigious positions in leading hospitals such as IVY hospital. Some of them have chosen being teachers as their profession. Apart from this few students after completing their graduation or post graduation have been settled in abroad. These successful placements highlight the department's dedication to equipping students with the necessary skills and knowledge to thrive in their chosen careers.

Career Counseling:

Welcome to the commerce department at A.S.B.A.S.J.S. Memorial College Bela, where academic excellence meets practical knowledge in the dynamic world of business and finance. Throughout the academic year, our department organizes a variety of events including educational tour, seminars, workshops etc.

Here are some events:

• Seminar on Indian Banking System on 13 nov,2014: In the seminar Retired Deputy General manager of state bank of Patiala Sr.Amrik singh aahi was the resource person, he described the students about the working of various banks like deposit system ,REPO Rate ,loan system etc.
• Seminar of Career Guidance Organized on 10th Feb. 2020: This seminar was about career opportunities and competitive exams. The two resource persons of seminar were Dr.Palka Bhenut and Ms. Diksha Chaudhary provided valuable information about the different career opportunities and competitive exams.
• Programme on Career Guidance 3rd April,2021: A career guidance program was organized on April 3rd, 2021, aimed at helping participants transition from learners to earners. The highlight of the program was a lecture by Mr. Kanwaljit Singh, an esteemed career counselor, who provided invaluable insights into the journey from education to employment.
• Programme on Career Guidance on 05-04-2022: Dr. Nripinder Kaur delivered an insightful lecture on career guidance. Her presentation focused on providing students with practical advice and strategies to navigate their careers in commerce. She emphasized the importance of aligning personal strengths and interests with career choices to achieve long term satisfaction and success.
• Educational Visit to Kasauli on March 30th, 2022: An educational visit to Kasauli was organized on March 30th, 2022, offering participants a chance to explore the natural beauty, historical significance, and cultural heritage of this charming hill station. The tour included visits to various landmarks, interactive learning sessions, and opportunities for students to engage with the local environment and community.
• Educational Trip With Collaboration of Ludhiana Beverages and Ramtex Industry on 24th November 2022: On November 24, 2022: An educational trip was organized in collaboration with Ludhiana Beverages and Ramtex Industry. The purpose of this trip was to provide participants with a comprehensive understanding of the beverage and textile industries, highlighting their manufacturing processes, quality control measures, and sustainability practices.
• Educational Trip With Collaboration of Ramtex Industry on 24th nov 2022: The Commerce Department organized an educational trip in collaboration with Ramtex Industry on 24th November 2022, providing students with practical insights into the textile manufacturing process and industry operations. This hands-on experience aimed to enhance their understanding of commercial practices and industrial applications.
• Departmental visit to Shimla on 14th March 2023: A departmental visit to Shimla was organized on March 14, 2023, providing participants with a unique opportunity to explore the rich cultural heritage and natural beauty of the region. The trip included visits to historical landmarks, educational institutions, and interactive sessions designed to enhance learning and cultural appreciation.
• Educational Visit (LUDHIANA STOCK AND CAPITAL LTD) on 17th November 2023: An educational visit to Ludhiana Stock and Capital Ltd was organized, providing participants with an in-depth understanding of the stock market, investment strategies, and the workings of a financial services company. This visit aimed to bridge the gap between theoretical knowledge and practical application in the field of finance.
• Two Days Workshop on Career Guidance Organized on 27^th to 28^th March , 2024: A two-day workshop on career guidance was organized on March 27th and 28th, 2024, aimed at helping participants navigate their career paths and make informed decisions about their future. The workshop featured expert speakers Ravinder Thakur and Mr. Kishan Goyal, interactive sessions, and personalized guidance, ensuring that attendees left with valuable insights and actionable plans for their careers.
• Outreach Program by Department of Commerce to Guide Students About Their Career Paths: The Department of Commerce recently organized an outreach program aimed at guiding students from various schools in making informed decisions about their academic streams and future careers. The Department of Commerce recently organized an outreach program aimed at guiding students from various schools in making informed decisions about their academic streams and future careers.

Department Activities:

In the present session (2024 - 25) the Department of Commerce will organize an impressive array of activities and events designed to enhance student learning and engagement. Starting with an Orientation Program to welcome new students, the department will host various lectures on different topics. Different days and festivals will also be celebrated in department like Teachers' Day, literacy day, World Mother Language Day, international girl child day, women day, Diwali, Karwa Chauth, teej etc. The department will organize the grand COMMFEST 2025. Career guidance programs will also be part of the vibrant calendar. Comprehensive list of activities to be organized is attached herewith:-

Youth Brigade Commerce Association

The department boasts its own students' association, the Youth Brigade Commerce Association, which serves as a dynamic platform for student engagement and development. All faculty members are also integral members of this association, fostering a collaborative and inclusive environment. The association is led by two presidents: - a girl and a boy. This practice encourage all the students to enhanced their leadership qualities and expand their skills. The association organizes various events, aimed at enhancing the practical knowledge and skills of students.