Many of us would have been given pocket money when we were young. At that time, we would be so delighted to receive it. As time passed, the practice of elders handing out money for expenses would have ceased, mostly when we started working and earning our own money. This transition from receiving money from our parents to receiving it for our work is quite different. This mere change in the source of funds teaches us many lessons. For instance, we may turn to the side of minimal spending once we start earning and bringing home the bacon.
We understand the value and importance of money in our life and are meticulous about spending and saving. Just as we are meticulous with our earnings to use wisely, organizations and businesses worldwide must be diligent with their financial matters. A business will require capital for various purposes. In addition to this, there may arise unprecedented expenses which need to be met. Hence, the finance section is crucial for a business to function well.
B. Com Banking and Insurance – Course and Syllabus
B. Com Banking and Insurance is an undergraduate course for three years. The eligibility to pursue this course is that the student should have opted for the commerce stream in twelfth grade and obtained a good overall percentage.
The syllabus contains financial accounting, corporate accounting, cost and management accounting, principles of insurance, life insurance, business mathematics, business economics, etc. The course curriculum is structured thoughtfully to provide students with good banking and insurance knowledge. The various concepts, such as banking systems, insurance, e-commerce, e-banking, etc., are essential to be able to build a solid and deep knowledge of banking and insurance. The course curriculum enhances students’ skills to analyze the market accurately, become aware of financial risks, and accordingly make decisions in the financial matters of a business or an organization.
The course not only teaches students the fundamentals of banking and insurance but also makes the students adopt the practice of regularly observing the trends arising in the market. With the habit taught right from the undergraduate level, students will be strengthened by such a practice to study, analyze and interpret the facts correctly. This makes them an asset to an organization as they will take advantage of the mark in financial decisions.
Finance and Risk Management – A hand-in-hand process
Finance is the management of funds by organizations, businesses, or individuals. It is essential, as money must be handled meticulously to meet various needs. Risk management is the process of understanding and being calculative about an organization’s or business’s earnings and expenses to make correct investment decisions. The available resources are to be put to use to prevent the occurrence of any unforeseen events.
Finance and risk management plays a significant role in an organization. It is imperative to understand the finances to be able to decide properly on which is most suitable for the organization. Along with this, risk management is to understand the uncertainty in processes and try to minimize them. These two processes go hand in hand as for either one, the other process has to be considered. Financing and risk management will prove to be effective in decision-making in financial matters for the organization.
Career Opportunities for B. Com Banking and Insurance
B. Com Banking and Insurance is to impart to the students an in-depth knowledge of banking, insurance, finance, etc. Graduates of B. Com Banking and Insurance have a broad spectrum of job roles they can work in. They can find work in businesses and organizations as accountants, credit and risk managers, internal auditors, investment bankers, financial advisors, loan counselors, etc.
Rathinam College of Arts and Science is a best college in Coimbatore with numerous value-added courses, workshops, clubs, etc., the students have significant exposure to academic life and one that sharpens their soft skills. Apply for the B. Com Banking and Insurance course now!
