Loknete Vyankatrao Hiray Arts Science & Commerce College Panchavati, Nashik, (MS)

Programme

F.Y. B.Com. Semester-I

Semester-II

S.Y.B.Com. (UC-II) Semester-III

Semester-IV

T.Y.B.Com. (UC-III) Semester-V

Semester-VI

M.Com.-I (PCA) Semester-I

M.Com.-I (PCA) Semester-II

M.Com.-II (PCA) Semester-III

M.Com.-II (PCA) Semester-IV

Teaching Faculty

Department of Commerce – MoU:-

Developing Entrepreneur Skills of the Students through Interaction with Industry

Objectives of the Practice

1.To acquaint students with the concept of Entrepreneurship.

2.To develop communication skills and soft skills of the students.

3.To introduce the concepts of salesmanship to the students.

4.To acquaint students with different marketing strategies.

5.To develop the business and leadership skills of the students.

6.To aware students of the role of technology in the field of Commerce.

7.To equip students for new startups.

8.To open up new avenues for entrepreneurship.

The Context

In the changing global scenario, entrepreneurship seems to be one of the command skills. Job opportunities have been reduced due to many reasons and it has become obligatory for students to find out opportunities for self-employment. It is really a challenge for rural and tribal students to have a startup on their own. There are a number of issues that are almost an obstacle for the new startup. Weaker financial background, lack of leadership qualities, lack of communication skills and lack of digital literacy are some of the issues that prevent these students from self-employment or startup. It is a need of time to make them think out of the box and motivate for the startup. There is a need for special and strategic efforts to be taken to bring these students into the field of entrepreneurship. The Department of Commerce takes special efforts to cultivate entrepreneurial skills among students by arranging live sessions with entrepreneurs.

The Practice

The Department of Commerce identifies the need of the development of the entrepreneurship skills of the students. Every year through the ‘Guest Lecture Series’ the department arranges 12 to 15 lectures of renowned entrepreneurs of state and national levels. These lectures are on select current topics in the field of Commerce. The Lecture -Series avails direct interaction with the industry and develop the entrepreneurship skills of the students. Since communication is the basic skill required in entrepreneurship the topics like Communication Skills, Personality Development, Advanced Communication Skills, Soft Skills and Business Ethics are covered through the lecture on Communication Skills.

The Guest Lecture Series also focuses on target-specific career opportunities like Career in Accounting and GST, Awareness Camps on the Share Market, Income Tax under PMKVY scheme, Capital Market and Role of SEBI and BSE, Career in Taxation, Career in Accounts, Finance and Banking, NES and Financial Literacy, Opportunities in Computerized Accounting, Trends in Share Market, GST, IGST, CGST, SGST Concepts and Implications, Commerce and Entrepreneurship Development, Capital Market Awareness, Career in Securities Market, Rural Marketing, Consumer Behavior, Green Marketing. All these lectures exposed students to job opportunities or the scope of self-employment in the field of Commerce. The Department has also conducted a Counselling Workshop on Entrepreneurship and Business Activities.

The lecture series also provide guidance for the competitive exams through the lectures on the preparation of Exams in Banking Sectors, Staff Selection, Railway Recruitment, IBPS, RBI, PO Clerk, MBA -CET, and NET/SET Exams. Occasionally the department arranges an analysis of annual Budget with a focus on self-employment opportunities. To develop the digital literacy of the students the Guest Lecture Series arranges lectures on Computer Proficiency in Accounting and Finance and Prospectus of Tally ERP-9 and Computer Accounting Tech. There are also lectures on career opportunities in parallel fields like Career in LIC, Career in Animation/VFX/Design. There are lectures also on Research Methodology and Intellectual Property Rights. All the topics covered in the Guest Lecture Series are related to the different aspects of entrepreneurship and contribute to the development of the entrepreneurial skills of the students.

The Guest Lecture Series also avails an opportunity to students to interact with the Founders, Presidents, Chairman, Managers, Executives, Directors, Chartered Accountant, Consultant, Advisors, Journalists, Trainers and Mobilizers of the various institutions like Maharashtra Chamber of Commerce, universities, educational institutes, industries and various skill development foundations. All these personnel serve as role models for the student and inspire them positively in many ways.

Evidences of Success:

Every year all the students from the Commerce stream get exposure to the Guest Lecture Series. As the series covers topics apart from the prescribed syllabus, it provides extra information to the students and adds to their knowledge. It definitely helps them to think out of the box. Through the Guest Lecture Series, the students come to know the job opportunities available in different Commerce related sectors. They also come to know about the concept of entrepreneurship and the different traits that go with it. It leads to the development of entrepreneurship skills among them. They are motivated to undertake different projects where there is scope for entrepreneurship. Two students of the department are working as Charted Accountants with a well-established practice. Two students have their Firms of Tax Consultation and work independently as Tax Consultants. Many students have appeared for the competitive exams. Many students of the Department are doing an internship with Charted Accountants. Few students in the Department have startups with small-scale industries.

Problems Encountered and Resources Required

As the guest lecture series covers topics other than the prescribed syllabus it definitely requires extra effort from both the faculty and students. It also requires sparing extra time. Selection of the relevant topic, Resource Person and arranging the lecture is a strenuous process. It requires the whole team of faculty. Sustaining the interest of students is one of the challenges as students from Commerce Stream prefer to do a part- time job or attend internship trainings.

Notes (Optional)

Nil

Best Practice in Commerce Department

Commerce Quiz Is Conducted by the Department of Commerce under Commerce Association. Every year department organizes Commerce Quiz for B.Com. and M.Com. students. The Main process of Commerce Quiz is beginning with creating the awareness and importance regarding it among the students.

COMMERCE QUIZ

ORGANISED BY,

DEPARMENT OF COMMERCE

LOKNETE VYANKATRAO HIRAY ARTS, SCIENCE & COMMERCE COLLEGE, PANCHVATI, NASHIK -422003

DATE OF EXAMINATION – 25/04/2023 TIME OF EXAMINATION – 12.00 pm To 01.00 pm PLACE OF EXAM- OLD CONFERENCE HALL

Details of Exam

• Total 50 Multiple Choice Questions
• Total 100 Marks
• Exam Registration Fee Rs. 10/- each Student

Eligibility of Exam

• o All Commerce Students (F.Y., S.Y., T.Y. and M.Com. I Yr. & M. Com. II Yr.)

Syllabus

• General Knowledge
• Banking
• Basic Accounting
• Economics
• Laws

Commerce Quiz

The department has conducted COMMERCE QUIZ for under graduate and Post graduate student. More than 300 students participated in the Quiz Prize winners are -

Best Commerce Students A.Y. 2021-22

Top Alumni

Strength

• Experienced and research-oriented faculty
• Facilities for future research
• Project-based experiential learning
• Grooming of the students for self-employment
• Linkages and collaborations for internship and research

Future Plans

• To arrange guest lecturers of eminent persons relating to commerce, management, finance, Banking Accounts, and Taxation through the Commerce Association.
•  To undertake minor, and major Research Projects of UGC through faculty members.
• To interact in placement activities through the industries in Nashik Industrial Area.
•  To arrange Group Discussions of PG students on current issues related to Commerce and Management.
• To develop Research work in Commerce Research Center.

Research Centre Details

a. Year of Establishment: 2018-17
b. Highlights the Research Centre

• Experience faculty as Research Supervisor
• A tradition of socially useful research in Commerce
• ICT facilities for advanced research
• Well-equipped departmental library with reference books, Journals, and projects
• A number of collaborations for further research work

c. Significant Research Areas

• E-Marketing and Modern Technology.
• E-Marking and its impact on different sectors.
• Marketing, Sales and Promotions, Salesmanship
• Business Practices, Business Communication, Business Entrepreneurship
• Cooperation and Rural Development
• Legal Framework of Banking.
• Advanced Banking
• Emerging issues and challenges in E-Business

Ph.D. Scholars Registered

Research Projects Completed

Research Papers Published

Book/Chapters published

Patents/Copyrights Published/Filed

Conferences Organized

Workshops on IPR and Research Methodology