If you are looking for some topics related to commerce, you are at the right place. Commerce includes the study of businesses and the exchange of goods and services.
It also encompasses the study of money, banking, and investment. The commerce field is vast and ever-changing, and students who study commerce can pursue a wide variety of careers.
Now let’s see some project topics related to commerce with their meaning.
Corporate law and secretarial practices
Corporate law and secretarial practices encompass a wide range of legal and administrative responsibilities, from ensuring compliance with regulatory requirements to managing shareholders’ meetings and preparing corporate filings.
Secretaries play a vital role in ensuring that companies operate smoothly and efficiently, and they are often the first point of contact for shareholders, creditors, and other interested parties.
As the corporate world becomes increasingly complex, the role of the corporate secretary is evolving to meet the changing needs of businesses.
In addition to their traditional responsibilities, secretaries are now often tasked with managing corporate compliance programs, preparing for and responding to corporate crises, and acting as the company’s liaison with government regulators.
The changing nature of the corporate world means that secretaries must be well-versed in a wide range of legal and administrative matters.
They must be able to effectively manage complex projects and juggle multiple deadlines. They must also have excellent communication and interpersonal skills to deal with a variety of stakeholders.
As the corporate world continues to evolve, so too will the role of the corporate secretary. Secretaries who can adapt to the ever-changing landscape will be in high demand, and those who can meet the challenges of the corporate world will find themselves well-positioned for success.
Computers under the accounting system
Accounting is the process of recording, classifying and reporting financial information about a business in ways that are meaningful to owners, investors, creditors and tax authorities. In the Accounting field computers are used for a variety of functions in a business, including the following:
a. Categorizing financial transactions with appropriate accounting entries.
b. Preparing financial statements such as profit and loss statements and balance sheets.
c. Allocating costs to specific departments or products.
d. Keeping track of the balances of bank accounts, credit card accounts, and other sources of funding.
e. Preparing payroll tax returns (e.g., Form 941 for the federal government).
f. Making it easier to track and know where to find certain accounting information.
g. Assisting with tax compliance efforts.
h. Assisting with cash management functions.
i. Making it easier to track financial changes that occur over time and help evaluate such changes.
Business startups are the establishments of new businesses. Business startups can be performed by established, already successful, companies that decide to enter into new markets and thereby expand their businesses to include new products, or by individuals and small businesses that enter into business for themselves.
Business startups are subject to extensive regulation, especially in heavily regulated and public industries such as banking, telecommunications, pharmaceuticals, insurance, and securities.
Business insurance is vital for any business, large or small. It protects your business from loss in the event of an accident, natural disaster, or another unexpected event. Without insurance, your business could be forced to close its doors permanently.
Property insurance protects your business’s physical assets, such as your office or store, from damage or destruction.
Liability insurance protects your business from lawsuits arising from accidents or injuries that occur on your property or as a result of your business operations.
Workers’ compensation insurance provides benefits to employees who are injured or become ill as a result of their job.
No matter what type of business you have, it is important to have adequate business insurance coverage. An experienced insurance agent can help you determine the right coverage for your business.
Risk management is the process of identifying, assessing and managing risks to ensure that they are within an acceptable level of probability and impact.
It is an important part of any organization’s strategy and helps to ensure that business objectives are met.
There are several steps involved in risk management, including:
1. Identifying risks: This involves identifying the potential risks that could affect the achievement of business objectives.
2. Assessing risks: This involves assessing the likelihood and potential impact of each identified risk.
3. Managing risks: This involves putting in place plans and measures to mitigate or eliminate the identified risks.
4. Monitoring and reviewing risks: This involves regularly monitoring and reviewing risks to ensure that they remain within an acceptable level.
Risk management is an important process that helps organisations to protect themselves from potential risks. By identifying, assessing and managing risks, organisations can ensure that they can achieve their business objectives.
Portfolio management is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk against performance.
Portfolio managers are sometimes referred to as money managers, investment counsellors, or asset managers.
Financial management is the process of planning, organizing, and controlling the financial resources of an organization. It includes the development and implementation of financial plans and policies, the management of financial risks, and the provision of financial services.
Financial management is essential to the success of any organization, as it ensures that the organization’s financial resources are best used to achieve its objectives.
Good financial management can help an organization to grow and prosper, while poor financial management can lead to financial difficulties and even failure.
Financial management is a complex and critical area of business, and organizations need to have skilled and experienced financial managers to ensure that their financial affairs are well-managed.
Strategic management is the process of making decisions about the direction and scope of an organization and then implementing those decisions to achieve the organization’s goals.
It involves setting objectives, analyzing the current situation, developing and implementing plans, and monitoring progress.
Strategic management is a continuous process that helps an organization adapt to changing circumstances and achieve its long-term goals. It involves making decisions about the direction and scope of the organization and then implementing those decisions to achieve the organization’s goals.
The first step in the process is to set objectives. The organization’s goals should be realistic and achievable, and they should be aligned with the organization’s mission and values.
Next, the current situation must be analyzed. This includes understanding the organization’s strengths and weaknesses, as well as the opportunities and threats that it faces.
Once the current situation has been analyzed, plans can be developed to achieve the organization’s objectives. These plans should be designed to take advantage of the organization’s strengths and opportunities while mitigating its weaknesses and threats.
Finally, the progress of the organization towards its objectives should be monitored. This includes setting up systems to track progress and making adjustments to the plans as necessary.
Corporate accounts and cost accounts
Corporate accounts and cost accounts are two types of financial accounting that are used to track the financial performance of a business.
Corporate accounts are used to track the overall financial performance of a company, while cost accounts are used to track the financial performance of specific aspects of a company’s operations.
Both types of accounting are important in providing insights into a company’s financial health and performance.
There are a variety of industrial laws that govern the workplace. These laws are designed to protect the safety and well-being of employees, and to ensure that businesses operate fairly and within the bounds of the law.
Industrial laws cover a wide range of topics, including occupational health and safety, equal employment opportunity, workers’ compensation, and industrial relations.
Occupational health and safety laws are designed to protect workers from risks that may arise in the course of their work. These laws cover a wide range of topics, including workplace safety, hazardous materials, and ergonomics.
Equal employment opportunity laws prohibit discrimination in the workplace based on race, religion, gender, or other protected characteristic. Workers’ compensation laws provide benefits to workers who are injured or who contract an illness as a result of their work.
Industrial relations laws govern the relationship between employers and employees and set out the rights and responsibilities of each party.
Special parliamentary acts formed companies
In India, a company is an association or collection of individuals, whether natural or legal, who come together for a common purpose. Companies are formed under special Indian parliamentary acts and are regulated by the Companies Act of 2013.
There are two types of companies in India: private and public. A private company has a minimum of two members and a maximum of fifty, while a public company has a minimum of seven members.
There are many benefits to forming a company, including the limited liability of shareholders, the ability to raise capital, and the continuity of the business. Additionally, companies are taxed at a lower rate than individuals.
Marketing management is the process of planning, executing, and controlling marketing activities to reach desired goals. It includes the coordination of four elements called the 4Ps of marketing: product, price, place, and promotion.
Marketing management is a process that starts with the identification of customer needs and ends with the satisfaction of those needs. In between, several steps must be taken to ensure that the needs of the customer are met effectively and efficiently.
The first step is to develop a marketing plan. This plan will identify the target market, the objectives to be achieved, the strategies to be used, and the resources that will be required.
Once the plan is in place, it is important to implement it in a way that ensures that all of the activities are carried out as intended.
Once the implementation phase is complete, it is important to monitor the results of the marketing activities and make adjustments where necessary. This feedback loop is essential to ensure that the goals of the marketing plan are being met.
The marketing management process is an ongoing cycle that requires constant attention and adjustment to be successful.
By following this process, businesses can ensure that they are meeting the needs of their customers and achieving their desired results.
Indian economy and evolution
The Indian economy is one of the best performing economies in the world. It has been eight years since India began its journey to reform the economy and implement the most modern economic principles and practices.
Today the future of India is bright and the country is poised for long and sustained economic growth.
Money and its circulation
The most basic function of money is to serve as a medium of exchange, and this function is reflected in the very name of the unit of currency.
Money is used to buy goods and services, and this function is reflected in the concept of purchasing power.
The second function of money is to serve as a store of value, and this function is reflected in the fact that people save money. The third function of money is to serve as a unit of account, and this function is reflected in the fact that prices are generally quoted in terms of money.
A business prototype is a scaled-down version of a proposed business that is used to test various aspects of the business concept. The prototype may be a physical model, a website, or a mock-up of the product or service.
The purpose of a business prototype is to allow entrepreneurs to test their business idea with potential customers or investors to get feedback about the concept before committing significant resources to the venture.
Emerging of E-commerce
E-commerce is the activity of buying or selling products on online services or over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data collection systems.
Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction’s life cycle although it may also use other technologies such as e-mail.
Typical e-commerce transactions include the purchase of online books (such as Amazon) and music purchases (music downloads in the form of MP3 files).
The emergence of e-commerce has created a new economic model and a new way of conducting business. This has led to the development of new business models such as online stores, online auction sites, and online marketplaces.
The growth of e-commerce has also created new opportunities for businesses such as small businesses and home-based businesses.
Taxation and its impact
The tax system in any country is designed to raise revenue to fund the government’s expenditure. The tax burden, or the amount of taxes paid by individuals and businesses, can have a significant impact on the economy.
A high tax burden can discourage investment and consumption, leading to slower economic growth. Conversely, a low tax burden can boost economic activity by leaving more money in the hands of taxpayers.
The impact of taxation on the economy is an important consideration for policymakers when designing tax policy.
Current topics related to commerce
Here is the list of current topics related to commerce.
Covid impact on the economy
The novel coronavirus has had a profound impact on the global economy. In the first quarter of 2020, global GDP shrank by 3.2%, the deepest contraction since the Great Recession of 2008-2009. The pandemic has caused widespread business shutdowns, job losses, and plummeting consumer demand.
In the United States, the unemployment rate soared to 14.7% in April, the highest level since the Great Depression. The pandemic has also upended global supply chains, causing widespread shortages of goods and disrupting global trade.
The International Monetary Fund has forecast that the global economy will contract by 4.9% in 2020, the deepest recession since the Great Depression. However, the IMF is forecasting a rebound in 2021, with the global economy expanding by 5.4%.
The pandemic has also exposed the vulnerabilities of many developing economies. In sub-Saharan Africa, the IMF is forecasting a contraction of 2.8% in 2020.
This is a region that was already struggling with high levels of poverty and inequality. The pandemic is likely to exacerbate these problems in the coming months and years.
Covid impact on unemployment
The outbreak of Covid-19 has had a devastating impact on global economies, with businesses shutting down and millions of people losing their jobs.
The unemployment rate has soared to unprecedented levels in many countries and is expected to continue to rise in the coming months.
This will have a ripple effect on social stability and security, as well as on the individual lives of those affected. The pandemic has exposed the fragility of our global system and the need for urgent reform.
Retail War: Reliance Vs Amazon
The retail war between Reliance and Amazon has been going on for quite some time now. Amazon has been trying to enter the Indian market for a long time but has been facing stiff opposition from Reliance.
Reliance is one of the largest retail chains in India and has a very strong hold in the market. Amazon has been trying to gain a foothold in the Indian market by investing in various e-commerce start-ups but has not been able to make much headway.
The retail war between these two giants has been intensifying in recent times. Reliance has been trying to block Amazon’s entry into the Indian market by investing in various e-commerce start-ups.
Amazon, on the other hand, has been trying to gain a foothold in the Indian market by investing in various e-commerce start-ups. Both companies have been investing heavily in marketing and advertising to gain an edge over the other.
The retail war between Reliance and Amazon is likely to intensify in the coming years. Both companies are trying to gain a foothold in the Indian market and are expected to invest heavily in marketing and advertising.
WhatsApp has just stepped into the payments sector: How are Indian Companies like Paytm and PhonePe going to survive?
WhatsApp has just announced that it is entering the payments sector in India. This is a big move that is likely to shake up the existing players in the space, like Paytm and PhonePe.
Both of these companies have been investing heavily in building up their payments businesses, and they will now have to contend with a new, well-funded competitor.
It remains to be seen how this will play out, but it is clear that the payments landscape in India is about to get a lot more competitive.
Paytm and PhonePe will need to continue to invest in their businesses and find ways to differentiate themselves to survive and thrive in this new environment.