School of Commerce, JJ College of Arts and Science is affiliated to Bharathidasan University and approved by AICTE. The college provides Bachelor and Master Degree courses in commerce. Commerce has come to occupy pride of place in the world today wherein space and time have shrunk and national barriers have practically broken down. In the contemporary world, under the GATT and WTO regimes, the movements of the money market and the stock exchange the winds of change blowing across the banking scenario and the need for the switch over to international financial reporting standards have become matter of concern in accounting and auditing circles.