Career Definitions – Commerce
ACCOUNTANCY (DIP/DEG/PG DIP)
Accountants compile, analyse, verify and prepare such Commerce business and financial records as profit and loss statements, balance sheets, cost studies and tax reports. They may specialize in areas like auditing, tax work, cost accounting, budgeting and control or systems and procedures.
Auditors examine and vouch for the accuracy and completeness of accounting the records of an establishment by inspecting items input of original entry such as ledgers or to ensure proper transaction records.
BANK MANAGEMENT (PG)
Refers to management of financial institutions or organisations dealing with money which includes banks.
BANKING & COMMERCE (DEG)
Includes general banking services such as deposits, loans investments, special banking services like credit cards, safe deposit service, etc Commerce deals with the distribution of goods and services and is a part of the discipline of Economics.
BUSINESS FINANCE (DEG/PG)
Methods by which business firms raise and manage their funds.
COMMERCE (DIP/DEG/PG/M PHIL/PH.D)
An interchange of goods or commodities, especially on a large scale between different countries. Commerce is a field where the main nature of job is to integrate accounting with the functions of administration. it covers all fields of work like industries – private and public, banks, insurance, defense, state and central government, private business etc.
COMPANY LAW WITH BANKING LAW & PRACTICE (DIP/DEG)
Company law is concerned with the legal rights obligations & privileges of the company banking law and practice are laws pertaining to the banks and banking.
One who is trained in office management who is responsible in the upkeep of company s records they process and transmit information to staff and organisation while acting as center of communications.
COST & WORKS ACCOUNTING (DIP/DEG)
A branch of accounting concerned with the collection, determination and control of costs, particularly the cost of producing a particular product or service numerous methods and systems have been devised to carry out these functions, but basically they all involve rendering costs (either project or actually incurred) allocating costs to the appropriate accounts and analyzing and composing cost with those of other products processes firms, time, periods etc.
COST AND MANAGEMENT (DEG)
Try to project how much it will cost the company to manufacture a product build a structure or acquire a service lt also pertains to how much a project will and to help determine whether the project is viable and can be undertaken .
CUSTOMS CLEARING & FORWARDING (DIP)
Concerned with actives of import-export firms co ordination between foreign and domestic buyers and sellers includes delivery of goods and supervise workers in the shipping and receiving of departments import-export agents act as trade representatives throughout the freight handling process overseeing the assessment of import and export duties the granting of entry permits.
EXPORT MARKETING (PG DIP)
It involves the locating potential countries for exporting deciding the price choosing a suitable mode of transport expediting the letter of credit etc.
FINANCIAL ACCOUNTING & TICKETING (J O C)
Financial accounting concerns with computing classifying and recording numerical data in order to develop and maintain financial records ticketing involves enquirer at reservation offices and making the reservation and providing with necessary information of travel when employee and guests of the organisation are travelling .
FINANCIAL MANAGEMENT (C E R/DIP/DEG/PG DIP/PG)
Financial management deals with money how to raise funds to initiate or expand the organisation how to invest capital in capital goods or in the securities of other organisations how to allocate funds to various operations (budgeting) and how to control expenses and costs these aspects of financial management do not vary greatly from enterprise to enterprise except with respect to resources of funds.
HUMAN RESOURCE MANAGEMENT(C E R/DIP/PG/PG DIP)
It is the process of acquiring training motivating and compensating of human skill inventory.
`Insurance is an action or process that insures party against loss or damage by a contingency such as fire accident illness or death as the insurance business grew and became more complex the need for specialized personnel like claims representatives increased they investigate claims for personal casualty or property loss or damages determine the extent of the insurance company’s liability and try to negotiate an out-of-court settlement will the claimant.
INTERNATIONAL MANAGEMENT (PG DIP)
It involves taking decisions implementing and controlling of management policy suiting to different nations at which they have interests it is involved with multi-national organisations.
INTERNATIONAL MANAGEMENT (PG DIP)
The buying and selling goods and services among different nations which plays a major role in their respective economies.
OFFICE ORGANISATION & PROCEDURE (DEG)
It involves the laying out of office, automation of office equipment, drawing the organisational hierarchy and roles.
OPERATIONS MANAGEMENT (PG DIP)
It involves the study of application of scientific techniques to management operations to obtain optimum productivity. They tackle problems such as business strategy forecasting resource allocation,facilities layout, inventory personnel schedules and distribution systems.
PUBLIC ACCOUNTING (PG DIP)
Accounts which refers to the public at large. Public accountants are employed primarily clients financial records and reports and attesting that they are in conformity with standards of preparation and reporting.
Accountants compile, analyze, verify and prepare such business and financial records as profit and loss statements, balance sheets, cost studies and tax reports. They may specialize in areas like auditing, tax work, cost accounting, budgeting and control of systems and procedures.
BANKING ASSISTANT (DIP)
Persons who handle certain types of customer account transactions. They may receive and pay out money, record customer transactions, cash, cheques, and perform other banking duties.
Commerce is a field where the main nature of the job is to integrate accounting with the functions of administration. It covers all fields of work like industries- private and public, banks, insurance, defense, state and central government, private business etc.
COMPANY LAW WITH BANKING LAW & PRACTICE (DIP)
Company law is concerned with the legal rights, obligations & privileges of the company . Banking Law and practice are laws pertaining to the banks and banking.
COMPANY SECRETARYSHIP & MANAGEMENT (DIP)
A company secretary controls the legal aspects of running a company. His work covers corporate activities such as issuing shares, holding meetings or even deciding on a financing pattern and maintaining legally required corporate books.
COST WORKS ACCOUNTANCY (DIP)
A branch of accounting concerned with the collection, determination and control of costs, particularly the costs of producing a particular product or service. Numerous methods and systems have been devised to carry out these functions, but basically they all involve recording with either projected or actually incurred, allocating costs to the appropriate accounts and analyzing and comparing costs with those of other products, processes, firms, time periods, etc.
CUSTOMS CLEARING & FREIGHT FORWARDING (DIP)
Manage activities of import-export firms, coordinating settlements between foreign and domestic buyers and sellers. Includes delivery of goods and supervise workers in the shipping and receiving departments. Import- export agents act as trade representatives throughout the freight handling process. Oversee the assessment of import and Export duties, granting of entry permits.
FINANCIAL ACCOUNTING & TICKETING (CER)
Those who maintain accounts of a company, corporation and also act as reservation agents, they prepare the tickets, calculate fares and collect payment.
FINANCIAL MANAGEMENT (CER/DIP)
Refers to financial topics from the view point of people or organisations with money to invest and those who serve them – investors, bankers, stock- brokers and the like They prepare financial reports, oversee the flow of cash and financial instruments.
HUMAN RESOURCE MANAGEMENT (CER/DIP)
Human resources managers are the link between management and employees. They frame policies, recruit, train, develop and retain employees. They try to maintain morale and productivity of employees.
Insurance is an action or process that insures a party against loss or damage by a contingent event such as fire, accident, illness or death. As the insurance business grew and became more complex the need for specialized personnel like claims representatives increased.They investigate claims for personal, casualty loss or damages, determine the extent of the insurance company’s liability and try to negotiate an out-of- court settlement with the claimant.
INTERNAL AUDITING (DIP)
Internal auditors examine and vouch for the accuracy and completeness of accounting records of an establishment by inspecting items inputs of original entry such as ledgers or journals to ensure proper transaction records. Internal Auditors conducts the same kind of examination and evaluation for a particular company. internal auditors also review procedures and controls and applies efficiency and effective operation and make sure that companies are complying with corporate policies and government regulations.
RURAL DEVELOPMENT (C E R/DIP)
Refers to the basic development of rural regions in either underdeveloped countries or in deprived areas of more developed countries, employing improvements in the standards of living.
TYPEWRITING (DIP/C E R)
Writing with a typewrite, typed.