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The Bachelor of Commerce (B.Com) is a campus based program offered with a view to impart in depth knowledge and broad understanding of accounting and financial management. The curriculum of the B.Com program provides a carefully selected subject combination of accountancy, economics, management & decision science, banking & insurance and commercial law. The program prepares the student with the knowledge, skills and attitude to meet the challenges of the modern day business organizations and also equips them to pursue M.Com or MBA degree programs and other professional courses further.

4-year B.Com Degree (Honours): A four-year B.Com (Honours) degree in the major discipline will be awarded to those who complete a four-year degree programme with 160 credits and have satisfied the credit requirements as per UGC guidelines.

Award

Students successfully completing the program are awarded degree in their respective discipline by the University, in accordance with the University rules

Objectives

The program offered gives the students an exposure to the world of business and industry. The program initiates students into the principles and practices of advanced accounting and the dynamics of management, together with banking, marketing, auditing, company law and allied disciplines.

Admission Calendar
Last date for submission of duly completed Application Form along with Admission Fees & release of Provisional Admission Letters 16 September 2024
Registration with scrutiny of original certificates & Payment of First Semester Fee 19 September 2024
Commencement of Classes 23 September 2024

FIRST YEAR

Semester I

Semester II

Subject Code

Subject Name

Credits

Subject Code

Subject Name

Credits

CC- I

Financial Accounting

4

CC- II

Corporate Accounting

4

MC- I

Principles of Economics

4

MC- II

Business Environment

4

IDC- I

Inter Disciplinary Course

3

IDC- II

Inter Disciplinary Course

3

AEC- I

Ability Enhancement Course

3

AEC- II

Ability Enhancement Course

3

SEC- I

Skill Enhancement Course

3

SEC- II

Skill Enhancement Course

3

VAC- I

Value Added Course

2

VAC- III

Value Added Course

2

VAC- II

Value Added Course

2

VAC- IV

Value Added Course

2

Total Credits

21

Total Credits

21

Total Credits in First Year

42

INTERSHIP PROGRAM I [Duration 4 weeks]

4

Note: CC- Core Course, MC- Minor Course, IDC – Inter Disciplinary Course, AEC- Ability Enhancement Course, SEC – Skill Enhancement Course, VAC- Value Added Course

Inter Disciplinary Course (IDC)

Ability Enhancement Course (AEC)

Skill Enhancement Course (SEC)

Value Added Course (VAC)

SEM – I

IDC-I

Mathematical Thinking

AEC-I

Effective English Communication

SEC-I

Information Communication and Technology

VAC-I

Environmental Studies

Sustainable Development

Entrepreneurship Development

English Language and Skills

Handloom

VAC-II

Yoga for Personal and Family Health

Human Values and Professional Ethics

SEM – II

IDC-II

Introduction to Psychology

AEC-II

Academic Reading and Writing

SEC-II

Numerical Aptitude and Reasoning

VAC-III

Understanding India

Constitution of India

Introduction to Indian Economy

Modern Indian Language

Graphics and Design

VAC-IV

Cyber Security and Law

Web Enabled Technologies

  • To record the various kinds of business transactions and to prepare financial statements.
  • To know the English language by developing their reading, comprehending, writing, listening, and speaking skills.
  • Summarize the importance of Yoga in modern lifestyle.
  • Describe the environmental issues and their possible repercussions on the plant in the next few decades.
  • Identify the parameters to assess opportunities and constraints for new business ideas.

Exit Option-Student who completes two semesters including Internship Program I with 46 credits will be awarded with Certificate. If student wish to continue further after exit, then he/she must join within three years of exit from Third Semester. For example, if student exit in June 2023, then he / she can rejoin the course within Aug-2026 session

  • Students who wish to continue for Second Year is exempted from doing Internship Program I.

SECOND YEAR

Semester III

Semester IV

Subject Code

Subject Name

Credits

Subject Code

Subject Name

Credits

CC- III

Cost Accounting

4

CC- V

Management Accounting

4

CC- IV

Financial Management

4

CC-VI

Auditing

4

MC-III

Principles of Management

4

CC-VII

Computerized Accounting

4

IDC-III

Inter Disciplinary Course

3

MC-IV

Statistics

4

AEC- III

Ability Enhancement Course

2

MC-V

Human Resource Management

4

SEC- III

Skill Enhancement Course

3

AEC-IV

Ability Enhancement Course

3

Total Credits

20

Total Credits

23

Total Credits in Second Year

43

Cumulative Credits[FIRST YEAR + SECOND YEAR]

85

INTERSHIP PROGRAM II [4 credits – Duration 4 weeks]

4

Note:CC- Core Course, MC- Minor Course, IDC – Inter Disciplinary Course, AEC- Ability Enhancement Course, SEC – Skill Enhancement Course,

Internship Program II is compulsory

Inter Disciplinary Course (IDC)

Ability Enhancement Course (AEC)

Skill Enhancement Course (SEC)

IDC-III

Business Laws

AEC-III

Academic Reading and Writing

AEC-IV

Introduction to MIL

SEC-III

Impactful Presentations

Organization Behavior

Public Speaking

ELS

Digital Marketing

  • Prepare financial statements (Profit & Loss Account, Balance Sheet as per Companies Act.
  • Can explain the law governing regulation.
  • Prepare various budgets and to measure the performance of the business firm applying budgetary control measures.
  • Prepare a Human Resource Plan in an organization.
  • Analyze and interpret the contents of corporate annual report and auditor’s report to understand the true and fair financial position of a company.
  • To prepare draft of Article of Association & Memorandum of Association for a business.

Exit Option-Student who completes four semesters including Internship Program II with 86 credits will be awarded as Diploma. If student wish to continue further after exit, then he/she must join within three years of exit from Fifth Semester. For example, if student exit in June 2023, then he / she can rejoin the course within Aug-2026 session.

  • Students who wish to continue for Third Yearmustdo Internship Program II.

THIRD YEAR

Semester V

Semester VI

Subject Code

Subject Name

Credits

Subject Code

Subject Name

Credits

CC- V

Indian Financial System

4

CC-VI

Financial control System

4

CC- VII

Corporate Law

4

CC-VIII

Indirect Taxes

4

CC- IX

Banking Theory Practice

4

CC-X

International Business

4

CC-XI

Direct Taxes

4

CC-XII

Accounting Analytics

4

MC-VI

Marketing Management

4

MC-VIII

Operations Management

4

MC-VII

Business Analytics using SAS, R, Python

4

Total Credits

24

Total Credits

20

Total Credits in Third Year

40

Cumulative Credits[FIRST YEAR + SECOND YEAR+THIRD YEAR]

129

Note:CC- Core Course, MC- Minor Course

  • Analyze the process of value creation through marketing decisions involving product pricing and its distribution.
  • Describe the framework of dividend distribution, Accounts of the company and Audit and Auditors of company.
  • Comprehend the provisions relating to filing of return of income.
  • Analyze provisions regarding penalties and interest and to prepare and file GST return on-line.

Exit Option-Student who completes six semesters with 128 credits will be awarded as Bachelor in Commerce. If student wish to continue further after exit, then he/she must join within three years of exit from Seventh Semester. For example, if student exit in June 2023, then he / she can rejoin the course within Aug-2026 session.

  • Students after completing Bachelor can either go for B.com Honors \Honors with Research in Fourth year.

FOURTH YEAR

Semester VII

Semester VIII

Subject Code

Subject Name

Credits

Subject Code

Subject Name

Credits

CC- XIII

Research Methods –I

4

CC-XIV

Research Methods-II

4

CC- XV

International Financial Reporting

4

SEC-IV

Research Project/Dissertation

12

CC- XVI

Investment Management

4

MC-IX

Elective II

4

CC- XVII

Financial Statement Analysis

4

MC-VIII

Elective I

4

Total Credits

20

Total Credits

20

Total Credits in Fourth Year

40

Cumulative Credits[FIRST YEAR + SECOND YEAR+THIRD YEAR+FOURTH YEAR]

169

Note:CC- Core Course, MC- Minor Course, SEC- Skilled Enhancement Course

Elective I

Elective II

Business Strategy

Accounting Research Papers

Financial Reporting

Service Marketing

Money and Banking

Management Information System

  • Outline the significance of Research and Research Methodology and to analyze the problems in conducting social science research in India.
  • Familiarize regarding the concept of Investment Planning and its methods.
  • Treatment for special transactions in the context of financial reporting.
  • Formulate Research Problem and Research Design
  • Prepare a report based on collected data.

Exit Option-Student who completes six semesters with 128 credits will be awarded as Bachelor in Commerce. If student wish to continue further after exit, then he/she must join within three years of exit from Seventh Semester. For example, if student exit in June 2023, then he / she can rejoin the course within Aug-2026 session.

Admission Modalities

The admission modalities are with reference to the full-time campus programs offered by the ICFAI University, Sikkim. All applicants who meet the eligibility criteria specified for the program and have studied in English medium in their qualifying examination are eligible to apply. Final year students awaiting results can also apply. Their admission will be provisional, subject to qualifying in the final examination. The registration and admission of these applicants is liable to be cancelled in case they do not fulfill the eligibility criteria by September 19, 2024.

Semester System

The University follows semester pattern for all its programs. Each academic year consists of two semesters. Continuous evaluation is carried out through mid-semester examinations, assignments, quizzes etc., culminating in an end semester examination. The students also have to undergo faculty supervised internships for practical training.The medium of instruction is English.

Eligibility

  • The selection of applicants into the UG/PG programs of the University is subject to fulfilment of the eligibility criteria made through screening of the applications.
  • Due weightage is given to academic distinction, honors and awards in sports, cultural events, extra-curricular activities viz debates, quizzes and adventure sports.
  • All applicants meeting the selection criteria will be given a provisional admission subject to verification of the documents at the time of registration and payment of fee.

Registration

  • All applicants having received the provisional admissions are required to present themselves with Original academic/other certificates and residence proof/HRDD Govt. of Sikkim allotment letters in case seeking fee concessions, for verification along with semester and other fees on the date of Registration.
  • In addition, photocopies are also required to be submitted for retention in their record with the University. Original certificates will be returned after verification.

Admission Criteria

  • The selection of applicants into the Program is made through screening of applications and interview. While evaluating students for admission, due weightage is given to their academic distinction, awards in sports/cultural events, debates, quizzes and other extra co-curricular activities.
  • Original certificates and Domicile certificate should be produced for verification at the time of payment of first semester fee. The original certificates will be returned after verification.
  • The admission decision will be communicated after the interview process.

Special Reservation

  • There shall be a special provision for admission of applicants belonging to the State of Sikkim in any course of the ICFAI University, Sikkim, which shall not be less than 25 (twenty-five) per cent of seats in each course/discipline subject to the applicants meeting the minimum qualifying requirements referred below.
  • Seats remaining unfilled under special reservation may be filled up by allotting the same to applicants belonging to Open Category.
  • The Government Quota students will be given a fee concession of 50% on program fees.
  • In addition to the Government quota, seats will be reserved with fee concession for applicants from the state of Sikkim, GTA area and the nearby North Bengal region as per the mandate of the University to serve the educational needs of the state of Sikkim and the nearby areas.

Anti-ragging & Anti-sexual Harassment

The ICFAI University provides a ragging free campus. The University follows the UGC guidelines and norms regarding the anti-ragging and anti-sexual harassment policies. The students are required to submit the duly signed affidavit for Anti-ragging at the time of admission to the University.

Application Modalities

Guidelines on how to Complete the Application Form :

The applicants are advised to read the guidelines carefully before completing the Application Form for Admission.

Application Form :

  1. Please make sure that you meet the eligibility criteria before filling up the Application Form.
  2. Fill the Application Form in CAPITAL LETTERS.
  3. Please provide all available and correct information in appropriate sections.
  4. Make sure to sign the Application Form.
  5. Retain a photo copy of the Application Form along with documents stipulated.
  6. Demand Draft for Admission Fee (One Time) of ₹3,000/- as applicable for the program applied for, towards Admission Fee drawn in favor of “The ICFAI University, Sikkim-Fee Collection A/c” payable at Gangtok

Attested Copies of Certificates :

Applicants have to enclose attested copies of the following certificates (Attestation should be done by any Gazetted Officer/Principal of the College).

  • Birth Certificate / Class X Certificate
  • Marksheets of Class XII / Degree Certificates (as may be applicable)
  • Fee concession (if applicable) requisite documents to be attached.
  • Nationality Certificate/Proof, for foreign students only.
  • Other certificates pertaining to academic and extra curricularactivities.

Submission of Application Form :

The completed application form along with the Admission Fee DD should be submitted or sent at the address given below

The ICFAI University, Sikkim, Ranka Road, Lower Sichey, Gangtok (Sikkim) - 737101.
E-mail: admissions@iusikkim.edu.in

The scanned application form and the Admission fee DD to be sent along with the courier consignment number to the e-mail address given above in case sent through mail or courier.

Fee Schedule

Admission Fee

Admission Fee (One Time) of ₹3,000/- for all programs is to be paid by all the students along with the application forms.

Exam Fee

All the students need to pay an amount of ₹2,000/- per semester for UG PG programs towards Exam Fee along with the Program Fee.

Caution Deposit

All students are required to pay a Caution Deposit (One Time) of ₹5,000/- along with the First Semester Fee. The Caution Deposit will be refunded without interest and after adjusting for dues, if any, to the students on completion of the Program.

Program Fee

Students have to pay the fee at the beginning of each semester, as per the due dates which will be notified separately at the relevant time.

Program Duration Category Fee in Rs. ** (Per Semester)
B.Com (Hons.) 4 Years Non Domicile 28,000
Domicile 19,500
Govt. Quota 14,000

* The ICFAI University, Sikkim is enabling an equal opportunity for all. However, limited seats will be available for SC ST students with relaxation in the eligibility criteria as per the Govt. of Sikkim norms wherever applicable. Students awaiting for final year examination results are also eligible for admission. The Management reserves the right to accept or reject any application with valid ground/s.

# Note: Age restriction for Law Programs can be relaxed as per BCI guidelines.

** Fee Concession: The University proposes to give 50% of the program fee concession to the students coming from Sikkim Government Quota & 30% to the students from North East States, GTA Region & North Bengal respectively.

Remittance: All payments should be made by way of Demand Draft, banker’s cheque drawn in favor of “The ICFAI University, Sikkim - Fee Collection A/c” payable at Gangtok, Sikkim. or through University website only.

Merit Scholarships

The ICFAI University Sikkim offers merit scholarships to students pursuing the UG PG Programs. The scholarships are based on performance in Class XII (or equivalent)/ Graduation (or equivalent) and Semester-wise performance during the Program.

A. Merit Scholarships based on past academic record: Percentage of marks achieved in qualifying examination will decide the amount of scholarship. The Scholarship amount will be awarded in 2 equal instalments i.e. in the first and second semester of the program. The second instalment of the scholarship will be awarded on securing a minimum 8.00 GPA in the first semester. The students availing 50% program fee concession (i.e., Govt. Quota students) will not be eligible for scholarships based on Past Academic Record. However, they will be eligible for scholarships based on semester-wise performance. The scholarship details are as presented in the following table.

Aggregate % in qualifying examinatio % of 1st Semester program fee given as merit scholarship
≥ 90% 75%
≥ 80% - < 90% 60%
≥ 70% - < 80% 50%

All subjects will be taken into consideration for calculating the percentage for Entry Level Scholarship.

B. Merit Scholarships based on Semester-wise Performance: Up to 10% of the students of the batch will be awarded merit scholarships based on their Semester-wise performance (Details presented in the table given below). These scholarships are offered in addition to the scholarships based on the past academic record.

Academic Performance (CGPA) Category I ≥ 9.00 Category II ≥ 8.50 - < 9.00 Category III ≥ 8.00 - < 8.50
% of Program fee of the semester will be awarded as scholarship 30% 22% 15%