DEPARTMENT OF COMMERCE

Introduction of department

New College of Arts, Paranda, run by Shri. Bhavani Shikshan Prasarak Mandal, Osmanabad established in the year June 1986 by Shikshan Maharshi R. G. Shinde Guruji

Paranda taluka was one of the most underprivileged and neglected with respect to higher education. After the sad demise of Mr. R. G. Shinde Guruji on 23rd April 2005, the management decided to extend the name of the college as “Shikshan Maharshi Guruvarya R. G. Shinde Mahavidyalaya”. Till 1986 students, especially girl students from this taluka had to go outstation for higher education or stop education. The college has been established in the adverse conditions with the objectives of “Where there is a need, there is education” and “Education for poor students”.

In spite of several constraints, the department has been able to grow in enrolment, programmed options, infrastructure and visibility in the area. This has been due to meticulous planning, careful utilization of available resources, sincerity and dedication of teachers and staff and very responsive management. The involvement of teachers, staff and students and harmonious relationships between them has contributed to the building up of a good academic culture.

The students studying and passed out pride and boost for different achievements sought in life, jobs which have improved their conditions and given solace to their old uneducated parents.

Presently, the department enjoys the faculty strength of 3 regular teachers who are at times invited to supplement the regular teaching and interaction.  Despite the teaching problem in the early years, the department has grown into a full-fledged department.

Thus a great team spirit, anxiousness to promote education to the neglected, is key to our success. We strongly believe that in the competitive world of higher education topmost priority should be given to qualitative consideration.

PROGRAM OUTCOME:

These learning outcomes indicate that students will: • Students would gain a thorough grounding in the fundamentals of Commerce and Finance
• The curriculum offers a number of specializations and practical exposures which would equip the student to face the modern-day challenges in commerce and business.
• To prepare students to face and able to prove proficiency with the ability to engage in competitive exams like CA, CS, ICWA and other courses
• Students will learn relevant financial accounting, managerial accounting career skills, applying both quantitative and qualitative knowledge to their future careers in business
• Students will gain thorough systematic and subject skills within various disciplines of commerce, business, accounting, economics, finance, auditing and marketing.
• Students will acquire skills like effective communication, decision making, problem-solving in day to day

Establishment of Department

The Department of Commerce was established on 15 June 2011. As an undergraduate on the non-grant basis and later, Granted by U.G.C in 2012, with affiliation to Dr. Babasaheb Ambedkar Marathwada University, Aurangabad. The first batch of students was admitted in the year 2011 with an intake of 44 students.

Date of UG Subject: 15 June 2011

Sr.No. Department Particulars Date of Establishment
1 B.Com First Year 2011-12
2 B.Com Second Year 2012-13
3 B.Com Third Year 2013-14

Former Head/Teacher List

Sr. No. Name of the Teacher Qualification Designation
1. Mr. Sabale Sachin Uttareshwar M.Com., NET Assistant Professor
2. Dr. Gate Sambhaji Manikrao M.Com. Ph.D. Assistant Professor
3. Mr. Kale Santosh Subhash M.Com. , NET, SET, CMA(Inter),G.D.C & A, D.T.L, Assistant Professor

Scope and Importance of the Faculty:

“Commerce is the cure for the most destructive prejudices.” – Montesquieu

The commerce is a rich field and it has implementation and scope in almost all the factories, industries and business. In the context of the fast developing economy of India, the role of commerce and trade is not only crucial but also consequential for a mixed economy of natural, technological, traditional and cultural and all other potential resources. On the one side of economics and on the other side of management, commerce pervades national development in all its facets. Commerce as an acad6e1mic subject offered in tertiary education at Bachelor Degree level has been evolving itself commensurate with the changing lifestyles in the society over the years. Periodic changes in the three-year curriculum are therefore incumbent on the part of the institutions offering this programmed.

B.Com is a very important educational landmark. B.Com degree envisages a vast scope in the present social milieu. Employment in all sphere of commerce and trade, enlargement into professional areas such as Chartered and Cost Accounting, Business Management and Administration, Computer Application and higher academic education leading to Post-graduation and research. This is because it leads a student to higher education opportunities in the field of Business and commerce such as ACCA, CA, CS, ICWA, MCA, M.B, MBA and M.COM. It is also important in various fields it could lead to entry-level jobs in various companies as it is a pure financial, technical and managerial degree.

The scope of the commerce is very wide; it promotes people to engage in business activities. Scope of the commerce is changing day by day as the world is growing and the technology has changing rapidly It promote people to involved in the buying and selling, rendering services business and it is called the basic commerce. The scope of the business is changing rapidly now the production and manufacturing business is moving to the developing countries due to the low cost and cheap labor and the developed countries are exploring new fields for the business. Like Information Technology, Enable services, BPO, KPO, Medical Transpiration, and legal particular Transpiration.

Faculty of commerce provides exposure to the students to the entrepreneurial culture and industrial growth so as to set up and manage their own small units and implement economic principals in Business. The course enable the students to develop awareness about corporate Accounting, Management Accounting, and provision of company Acts. It also enable implement principles Management, Income Tax, Excise duty, Import-Export, and framework of Indian business Laws. Newly GST, CST & some latest subject in E- Commerce, BCA & MCA.

Besides all these streams, there is scope in Social Work and Service, Self-employment and ancillary work of technical assistance to professional practitioners as consultants. Therefore, the expectations of the employers from the higher education and social relevance have been considered in developing this curriculum.

Achievements of Departments

1. Our department started in the year 2011; this is the first commerce Department in our Taluka place. Started the Department with 22 students now it’s 160
2. Our 11 students are admitted to M.Com in the Academic Year 2019-20

Faculties Available

1 Mr. Sabale Sachin Uttareshwar
2 Dr. Sambhaji Manirao Gate
3 Mr. Santosh Subhash Kale

Future Plan

1. The department proposes to start carrier “Computer Accounting Tally”
2. To start certificate course in “Financial Literacy”
3. To Start the B.Voc degree course in “ Accounting and Taxation”
4. The Department plans to start M.Com from Academic year 2021-22.
5. To Develop Commerce Lab.