History of Course in Commerce after 12th

Commerce education promises to serve as a catalyst to socio economic development of any country region or community, it enables to meet the requirements of present day stiff competition business environment , it helps the youth to in providing right course of action for their survival and growth. The level of speed at which commerce education is currently expanding in this area is in itself is testimony of its growing acceptance as a source of awareness, development of skills prosperity and creativity which are essential precondition of economic prosperity. The origin of commerce course in India is more than a century old commerce course was started in 1986 when the first commercial school was established in Madras by , since then several colleges of commerce were established parting commerce education , Government of India also started commerce college at Calicut and Presidency college at Calcutta . In India Commerce education at University level made its first beginning in 1913 when Sydenham college of commerce and economics was established by Bombay, since then there has been steady increase in commerce courses and its related branches all over India, there is hardly any university or college which don’t have commerce department.

In the early part of 19th century commerce education and training programs were formally started through as vocational courses intended for meeting the requirements of different local cadres in business and industry as also in government department. Commerce courses were formally elevated to the level of undergraduate graduate and post graduate and by 1930 many universities and colleges in the country introduced B Com and M Com commerce training programs suitable for those seeking commerce course after 12 . After that a number of commercial institutes were established in the country during 1920-40, The Indian Institute of Bankers was established in 1926. The Institute of Chartered Accountants was established in 1934 The federation of insurance institutions was established in 1955, commerce courses proliferated in India at the school college and university level during this period. Commerce education is defined as practical training however unfortunately in India it is more of theoretical education rather than focusing on practical aspect of the education it happened due to lack of infrastructure facilities lack of trained . Main drawback of commerce education at college and university level is lack of dynamism and emphasis of theory than practical aspect lack of co-ordination between universities and professional bodies, lack of uniformity and standardization of course content, absence of clear cut objective before the student community , inadequate method of modern teaching, lack of practical experience to both teacher and student. Commerce teacher is Jack of all trade who is expected to teach all the subjects. In earlier days commerce programs were linked to clerical and accounting personnel only. However due to demand and after economic liberalisation in India things have started changing many institutes offering practical exposure in the field of accounting banking taxation payroll e commerce have emerged successfully one of premier institute in India offering such type of practical training is The Institute of Professional Accountants Delhi – India engaged in enhancing the practical skills of students and making them employable with industry.