Whether one works as an executive or at entry level, the work environment now demands broadened mindsets and qualifications for diverse positions. The changing workforce, recent economic downturn and changing demographics are all contributors to this paradigm shift. Technical and specialized skills, honed to an art today, may indeed become obsolete in the near future. Furthermore, traditional degrees become outdated and even irrelevant in the modern workforce. It is essential that employees continue to expand their current knowledge base and skill sets to add personal value in their organizations. A specialized degree does just that, in addition to preparing the student for continued growth and life-long learning. It is with this objective in mind that the University of Mumbai has introduced two new Bachelor of Commerce degrees which encompass a shift from general education to professional education. These degrees aim at:

•Creating for the students of University of Mumbai an additional avenue of self- employment and also to benefit the industry by providing them with suitable trained persons in the field of Accounting & Finance. Banking and Insurance.
•Preparing students to exploit opportunities, being newly created in Banking & Insurance, Accounting and Finance as the profession due to Globalization, Privatization & Liberalisation.
•To provide adequate basic understanding about Banking, Insurance & other financial services to the students and to give an adequate exposure to operational environment in the field of Banking, Insurance & other related financial services of Accounting and Finance.
•To inculcate training, and practical approach, by organizing industrial visits, summer placements and using modem technology in teaching the students in the field of Accounting & Finance and Banking & Insurance.

A) Internal Assessment : 40 marks
B) Semester End Examination : 60 marks - Duration 2 hours

A) Internal Assessment Allocation :

i) Two best of periodical class Tests	20 marks
ii) A better of two assignments - class presentation	10 marks
iii) Active class participation	5 marks
iv) Overall conduct, mannerism and articulation	5 marks

Standard of Passing:
Students must get 40% marks in aggregate ie. 40% marks in Internal Assessment (40% of 40 = 16 marks) as well as 40% in Semester End Examination (i.e. 40% of 60 = 24 marks) separately in order to pass the examination.

Carry forward of Internal Marks:
A candidate who fails in any particular paper shall be allowed to re-appear for that theory paper, however his/her Internal marks shall be carried forward.

Performance Grading - Passing Standard:
The performance grading of the student shall be of the seven point ranking system as under :

No.	Division	Total Marks (%)	Grade
I	I – I I – II	65 or above 60 – 64	O A
II	II – I	55 – 59	B
II	II – II	50 – 54	C
II	II – III	45 – 49	D
III	III	40 – 44	E
IV	FAIL	30 or below	F

The performance grading shall be based on the aggregate performance of Internal assessment and Semester End Examination.

ATKT is allowed as per the University Rules.