About ASCS The Association of Students of Commercial Studies (ASCS) is a non-profit making association, representing all students falling under the Faculty of Economics, Management & Accountancy (FEMA). Its office is currently situated in the Students’ house, together with the other student organizations. The following are the mission and objectives of ASCS as laid down in its statute: "Mission To serve as a catalyst, to promote and enhance the student's professional presence and image through awareness in our society.