About
Vision
Excellence with total commitment with quality education in Commerce, while equipping students with knowledge and skills in commerce stream, inculcate values, identify hidden talents, provide opportunities for students to realize their full potential.
Mission
- To provide quality educational opportunities and services that meets the needs of the commerce students.
- Creating healthy environment for teaching and learning
- To develop a team of competent and qualified faculty
- Providing for holistic and value based development of students which ultimately enhances their employability.
- Developing social consciousness among students, team spirit and leadership qualities
- Strengthens their capacities in varied areas of commerce and industry.
Programme Educational Objective (PEOs)
PEO1 –To be highly valued, competent, and creative professionals in industry, academia, or government.
PEO2 – Become the full-fledged accounting and finance professionals and be flexible and adaptable in the workplace
PEO3- Possess the capacity to embrace new opportunities of emerging technologies and apply the practical knowledge gained over the years in the field of auditing, tax filing, share market and other finance related services
PEO4- Leadership and team work opportunities in their sustainable working careers
Course Outcomes (COs)
|
Semester |
Course Title | Course Code | Course Outcome | |
| I | ADVANCED ACCOUNTANCY – I | 22BCO1C1 | CO1 | Recalling Accounting Concepts and Conventions and use accounting rules to record business transactions in the form of Journal, Ledger, subsidiary books and preparation of Trial Balance. |
| CO2 | Understanding the steps involved in locating errors and prepare them to understand the preparation of final accounts for sole trader | |||
| CO3 | Outline the concepts of Average due date and Account Current | |||
| CO4
|
Analyze the bank reconciliation statement, Receipts and payments, Income and expenditure and Balance sheet to enhance the knowledge | |||
| I | BUSINESS ORGANISATION | 22BCO1C2 | CO1
|
Understanding the concepts of business and its forms of organizations involved in sole trader, partnership firms, companies and co-operative societies and public enterprise. |
| CO2 | Analyzing the business factors which are involved in establishment of company and its management. | |||
| CO3 | Outline the knowledge about types and size of business concerns. | |||
| CO4
|
To create awareness on Social Responsibilities of Business towards society and Government. | |||
| II | ADVANCED ACCOUNTANCY – II | 22BCO2C1 | CO1 | To prepare consignment and joint ventures account in accordance with generally accepted accounting principles |
| CO2 | To understand about the preparation of Fire Insurance Claims. | |||
| CO3 | To estimate the Bill of Exchange and its accounting treatment. | |||
| CO4
|
To ascertain the procedures of single entry and double entry system | |||
| II | PRINCIPLES OF MANAGEMENT | 22BCO2C2 | CO1 | Explaining the concepts based on management and its features |
| CO2 | Summarizing the principles and importance of planning | |||
| CO3 | Interpreting various concepts based on organization and its element | |||
| CO4 | Examining the determinants of behaviour and motivation theories | |||
| CO5 | Understanding the need and techniques of communication in management | |||
| II | ADVANCED ACCOUNTANCY – III | 22BCO3C1 | CO1 | To know the preliminaries before admitting a person as a partner. |
| CO2 | To understand the various kinds of goodwill treatment followed in partnership accounts. | |||
| CO3 | To understand the dissolution of partnership and partnership firms. | |||
| CO4 | To understand the insolvency of a partner or all partners and the Garner Vs Murray rule. | |||
| CO5 | To prepare the accounts for peace meal distribution of firms. | |||
| III | BUSINESS STATISTICS | 22BCO3C2 | CO1 | To understand the basic concepts of statistics and statistical tool. |
| CO2 | To know the measures of central tendency and to apply to measure averages. | |||
| CO3 | To apply the tools on measures of dispersion that are useful for estimating variations. | |||
| CO4 | To apply the various methods for calculating correlation coefficient. | |||
| CO5 | To apply regression analysis for estimating values for future period. | |||
| IV | MARKETING | 22BCO4C1 | CO1 | To understand the nature, importance and classification of markets. |
| CO2 | To understand the functions of marketing and marketing mix. | |||
| CO3 | To evaluate the life cycle of products. | |||
| CO4 | To understand about the product line and product life cycle through modification. | |||
| CO5 | To know the various channels of distribution. | |||
| IV | BUSINESS MATHEMATICS | 22BCO4C2 | CO1 | To Acquired skills in sets and operation on sets. |
| CO2 | To measure the Simple and compound interests as well as annuities in business. | |||
| CO3 | To solve problems Discount on Bills, Present value, Bankers Discount- Profit and Loss. | |||
| CO4 | To Get familiarized on theory of probability | |||
| V | CORPORATE ACCOUNTING | 22BCO5C1 | CO1 | Accounting treatment of shares in the company |
| CO2 | Concept of issue and redemption of debenture | |||
| CO3 | Accounting procedure for company merger and purchase | |||
| CO4 | Consolidation of balance sheet and valuation of goodwill and shares | |||
| CO5 | Profit and loss & position of assets and liabilities of companies | |||
| V | COSTING | 22BCO5C2 | CO1 | Cost concept |
| CO2 | Materials cost and issue of material from the store | |||
| CO3 | Calculation of labour cost and labour turnover. | |||
| CO4 | Overheads procedure, Job and Process Costing methods in business. | |||
| V | COMMERCIAL LAW | 22BCO5C3 | CO1 | The basics of contract act. |
| CO2 | The Principle and Practices of law relating to contract of indemnity and guarantee | |||
| CO3 | The law relating to bailment and pledge | |||
| CO4 | The different aspects connected with Sale of Goods Act | |||
| CO5 | The law relating to agency act. | |||
| V | INCOME TAX | 22BCO5C4 | CO1 | Income tax Act-1961 |
| CO2 | Taxable income from salary | |||
| CO3 | Taxable income from house property | |||
| CO4 | Taxable income from Business and Profession. | |||
| CO5 | Taxable capital gains and income from other sources, Computation of Tax for Individual and Hindu Undivided Family. | |||
| V | AUDITING | 22BCO5C5 | CO1 | Principles of auditing |
| CO2 | Vouching of ledgers | |||
| CO3 | Assessment of assets and liabilities | |||
| CO4 | Company audit | |||
| CO5 | Liabilities of an auditor | |||
| VI | SPECIAL ACCOUNTS | 22BCO6E1 | CO1 | To identify the processes of Holding companies |
| CO2 | To recognize the Banking company accounts. | |||
| CO3 | To understand the basic principles of Insurance Company accounts | |||
| CO4 | To know the accounts of voyage and farm accounts | |||
| CO5 | To equip with different double accounting standards knowledge | |||
| VI | MANAGEMENT ACCOUNTING | 22BCO6E2 | CO1
|
Outline the various concepts relating to management accounting. |
| CO2 | Analyze financial statements using ratio analysis. | |||
| CO3 | Evaluate the fund flow and cash flow management. | |||
| CO4
|
Comparing various alternatives using marginal costing and standard costing. | |||
| CO5
|
Analyze budget and budgetary control for organizations. | |||
| VI | INDUSTRIAL LAW | 22BCO6E3 | CO1 | · To know the provisions of Factories Act. |
| CO2 | To know about the welfare, safety and health of workers. | |||
| CO3 | To understand the disputes of strike, lock out, retrenchment, lay off and compensation. | |||
| CO4 | To understand the Trade Union Act. | |||
| CO5 | To know the rights and duties of Employee State Insurance. | |||
| VI | GOODS AND SERVICE TAX (GST) | 22BCO6E4 | CO1 | To know the provisions of Indirect Tax Levies-Distinction between direct and indirect taxes |
| CO2 | To know Salient features of Dual GST – Taxes subsumed under CGST Act 2017- GST Council. | |||
| CO3 | To understand the Levy and collection of CGST/SGST and Input Tax | |||
| CO4 | To understand Inward and Outward supplies under CGST- Filing of Returns- Payment processes | |||
| CO5 |
To know Integrated GST Act 2017: Special features- Admin- Levy and collection of IGST |
|||
Department of Commerce Activity Report (June 2022 – April 2023)
| S.NO | DATE | EVENT | RESOURCE PERSON | BENEFICIARIES
|
| 1. 1 | 25.07.2022 to 30.07.2022 | Certificate Course on “Tally with GST” | National Small Industries Corporation (NSIC), Chennai.
|
(116) II Year Students |
| 2. 2. | 27.08.2022 | Bridge Course |
——–
|
(90) I Year Students
|
| 3. | 12.09.2022 | Association Inauguration
|
Dr.S.Senthamizhpavai,
Professor and Director, Centre for Tamil Culture, Alagappa University, Karaikudi. |
I &II year students |
| 4. 1. | 16.09.2022 | Extension Activity – Awareness programme on “seasonal diseases and its precautions” |
——– |
Illayathankudi Village |
| 5. | 10.10.2022 | Awareness programme on “Know your Tax” |
——– |
5 students from each Department |
| 6. | 10.01.2023 | Guest Lecture on “The role of Technology in Corporate World” | Prof.P.Murugesan, Economics, Pachaiyappa’s College, Chennai. | I,II& III year students |
| 7. | 01.02.2023 | Live Telecast of Union Budget 2023 |
——– |
Final Year Students |
| 8. | 03.02.2023 | Intra Departmental Competitions on Quiz, Ad.zap, Business Plan, Art from waste, Digital Poster Making. |
——– |
|
| 9. 5. | 06.02.2023 | Review of Budget 2023 | Auditor. A.Thirupathi, FCA.,ACMA.,P.hD(Law)., Karaikudi | Final Year Students |
| 10. 6. | 20.02.2023 | Extension Activity (ISR) – Awareness on basic E-Banking system through Mobile Phone |
——- |
Aaravayal Village |
| 11. 7. | 20.02.2023 | Extension Activity (ISR) – Vaccination Awareness programme |
——- |
Kandadevi Village |
| 12. | 10.03.2023 | Inter Department competitions – Poster Presentation, Spell bee, Art from waste, Block games & Rangoli |
——– |
|
| 13. 10. | 27.02.2023 | Industrial visit to SNP Dairy, Madurai |
——— |
105, II Year Students |
| 14. 11. | 01.03.2023 & 02.03.2023 | Two-day tour to Munnar and Kochi |
——– |
100, III Year Students |
| 15. 19. | 31.03.2023 | Association Valedictory | ——–
|
I, II,IIIB.Com Students |
| 16. 21. | 24.04.23 | International Conference on Accelerating Business Value through Emerging Technology. | Mrs.UmaMeyyappan, Senior Vice President & Head, Product Innovation, LPL Financial, USA. |
500 students |
Department of Commerce Activity Report – June 2023 – April 2024
| S.No | Date | Event | Resource Person | Beneficiaries |
| 1. | 12.07.2023 to 18.07.2023 | Bridge Course | —— | 90
Ist year students |
| 2. | 22.07.2023 | Association Inaugural | Prof.Dr.S.Subbiah
Former Vice Chancellor, Alagappa University. |
30
IIIrd year students |
| 3. | 27.07.2023 | Investor Awareness program | Mr.Shankar Sundaresan
Securities Market Trainer- SEBI |
For Faculty members(75) |
| 4. | 11.08.2023 | Department Activity
Logo Designing |
——– | 21 students participated |
| 5. | 25.08.2023 | Department Activity
Business Quiz |
——– | 12 students participated |
| 6. | 05.01.2024 to 10.01.2024 | Certificate Course | Tally with GST (Ist year students) | 88 students |
| 7. | 24.01.2024 | Extension activity | Government Offered Financial Assistance to Self Help GroupS | 32 students participated |
| 8. | 30.01.2024 | Book fair & carrier Guidance program | ——– | 20 students participated |
| 9. | 01.02.2024 | InterimUnion Budget live telecast | ——– | 117 students participated |
| 10. | 01.02.2024 | ACCA Orientation Program | Mr.P.Balan, Chairman, Padmarajan Institute of Management, Madurai | 117 students participated |
| 11. | 05.02.2024 to 10.02.2024 | Certificate Course | GST (IInd Year Students, Alagappa Vocational Academy) | 89 |
| 12.
|
Certificate Course | DTP (IIInd year Students, SK Technologies) | 117 | |
| 13. | 21.02.2024 | Carnival 24’ | —– | 65 students participated |
| 14. | 06.03.2024 | Alumni talk Program “First impression is the best impression” | Ms.A.Sinthya, HR,
Shaish Info Solution Pvt,, Chennai |
117 students participated |
| 15. | 19.06.2024 | Guest Lecture on “Emotional Intelligence and visionary Leadership to transformation Era” | Dr.S.Gunapalan,
Professor in Management, South Eastern University, Sri Lanka |
50 students participated |
