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Commerce at Khaitan

Commerce is one of the most sought after streams of higher education in the modern world. We at Khaitan Public School, prepare our kids for the best they can achieve as Commerce students in various traits that this discipline opens to them. Whether preparing a student as the future entrepreneur of the country’s leading multinational companies, or nurturing them for the challenging path of becoming a Chartered Accountant, our noted faculty members take care of everything! They not only teach them about the economy of the country but also different kinds of businesses, how to find them, and operate them for the prosperity of all. There are three main subjects in Commerce that our teachers focus on, namely Accountancy, Business Studies, and Economics.

Accountancy

Accounting is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. It is the language of the business.

The term Accounting has been categorized as follows:

  • Financial accounting is a major branch of accounting that describes the collection, recording, and extraction of financial information, in order to periodically summarize profit and loss, the balance sheet, and cash flow in accordance with legal, professional, and capital market requirements. The main task is to prepare regular financial reports.
  • Managerial accounting is the branch of accounting for internal use, to which end an organization provides information only accessible to its insiders in order to assist decision-makers. The mission of managerial accounting is to utilize, inform, and control the functions of management

It is an application based subject. Students learn about the rules related to accounting, business organizations, and apply them in the real world.

Business Studies

Business Studies is the synthesis of knowledge related to businesses worldwide and it deals in the application of understanding the root concepts behind managing big and small businesses. To explain the complex concepts of business, our school focuses on making pupils understand the case studies related to the subject. Entrepreneurship Program is one such event that is organized once a year to make the students understand the practical aspect of the subject.

Economics

Economics is a branch of Social Science which focuses on how societies, governments, businesses, households and individuals allocate their scarce resources. This discipline deals with the problem of choice that arises due to scarcity of resources i.e. the Economic problem.

Economics is a wide subject ranging from Micro to Macro Economics thereby introducing students to the new order of world economics. The subject is made interesting by regularly discussing the aspects of Indian and World economy with the class. The students are encouraged to read ‘Economic Times’ every day.

Entrepreneurship Program

Entrepreneurship Program is an annual 20-day event felicitated by Khaitan Public School, Sahibabad for young students. Inspired by the entrepreneurial, success-oriented, risk taking approach of Mr Anirudh Khaitan, Vice Chairman at Khaitan Public School, the program is initiated by school to nurture the modern entrepreneurs of India. India is on the unprecedented path of development and growth. There is no time better than today to become an entrepreneur in India.

Students are selected from Class XI and are provided with a capital amount of ₹ 1000/- in groups. Students are asked to use their business skills and implement the theoretical aspects of business that they studied in Accountancy, Business Studies and Economics in their new entrepreneurial endeavour. They are allowed to use school premises as well as outside to experiment their path-breaking entrepreneurial idea. The purpose of the Entrepreneurship Program is to make students learn all practical aspects of Business Management.

Prize Money - ₹25,000 per team + They keep the profits.