ISC Commerce Class 12th Syllabus 

Part 1 (20 marks) consists of compulsory short answer questions testing knowledge, application and skills relating to elementary / fundamental aspects of the entire syllabus.

Part II (60 marks) consists of eight questions out of which you are required to answer five questions, each carrying 12 marks.

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ISC/ICSE Class 12th Commerce Courses By Padho Leekho

Benefits of ISC:

  1. The ISC curriculum emphasizes on the development of effective communication skills in English and other languages.
  2. The vast practical experiences built into the curriculum enable students to become active problem-solvers, in addition to gaining academic excellence.
  3. ISC offers a wide range of subjects for students to select from, based on their aptitude and abilities.
  4. The ISC examination caters to the needs of all students, where the assessment is based on an array of simple, difficult, analytical, and critical thinking questions.
  5. The curriculum is framed to ensure students are equipped for tackling all forms of competitive entrance examinations at the National & Global arena.
  6. It focuses on soft skills development which helps in handling new and complex situations successfully in life.
  7. ISC provides opportunities for holistic education.

Common Subjects For ICSE 12th Standard Commerce Stream :

1. Commerce:
  1. Business Environment
  2. Finance and Trade
  3. Internal Trade
  4. International Business
2. Accountancy:
  1. Company Accounts and Analysis of Financial Statements
  2. Cash Flow Statements
  3. Accounting for Partnership Firms
  4. Accounting for Not-for-Profit Organizations

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3. Economics:
  1. Microeconomics
  2. Macroeconomics
  3. Indian Economic Development
4. Mathematics:
  1. Relations and Functions
  2. Calculus
  3. Statistics
  4. Linear Programming
  5. Probability

Optional Subjects For ICSE 12th Standard Commerce Stream :

Students often have the flexibility to choose from optional subjects based on their interests. These are listed below:

1. Business Studies:
  1. Nature and Significance of Management
  2. Principles of Management
  3. Business Environment
  4. Planning
  5. Organizing
  6. Staffing
  7. Directing
  8. Controlling
2. Computer Science:
  1. Computer Organization
  2. Data Structures
  3. Database Management System
  4. Java Programming
3. Fashion Designing:
  1. Introduction to Fashion Designing
  2. Elements of Design
  3. Fashion Illustration and Design
  4. Textiles and Embroidery

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Internal Assessments For ICSE 12th Standard Commerce Stream :

Practical work and internal assessments may be included in subjects like Accountancy and Business Studies. Students might be required to prepare project reports or conduct practical exercises. 

ISC Class 12 Commerce Syllabus 2023-24

1. Business Environment
Concept, and importance of Business Environment.

Meaning, features and importance of Business Environment;

Dimensions of Business Environment – Micro (Internal and External factors) and Macro (Economic, social, technological, political and legal) – meaning and components.

S.W.O.T. Analysis – A basic understanding of S.W.O.T. (Strength, Weakness, Opportunity and Threat) Analysis.

2. Financing
(i) Capital: Sources of finance for sole trader; partnership; Joint Stock Company; financial planning.

Importance of finance for business. Sources of finance for different types of business firms. Meaning, features and importance of financial planning. Factors affecting capital structure. Fixed capital – meaning, factors affecting fixed capital. Working capital – meaning, types; factors affecting working capital. Comparison between fixed and working capital.

(ii) Sources of finance for a Joint Stock Company.

(a) Different types of shares: equity, preference.

Bonus shares, rights issue, ESOP, Sweat Equity Shares, Retained earnings.

Long-term sources of funds.

Equity shares – features, advantages and disadvantages.

Preference shares – features, types advantages and disadvantages; distinction between equity shares and preference shares.

Bonus and rights issue, ESOP and Sweat Equity Shares – meaning. Distinction between bonus shares and right shares. Retained earnings – meaning, merits and demerits.

(b) Loan capital: debentures.

Debentures – meaning; kinds of debentures; advantages and disadvantages of debentures. Distinction between shares and debentures.

(c) Loans from commercial banks and Financial Institutions.

Loans from commercial banks and Financial Institutions – meaning, advantages and disadvantages.

(d) Short-term sources of funds.

Short-term sources of funds – different types of short-term financial assistance by Commercial Banks; public deposits, trade credit, customer advances, factoring, Inter corporate deposits and installment credit. Meaning, advantages and disadvantages of various sources of funds.

(iii)Banking – latest trends.

Online services- transfer of funds through Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS), issue of demand drafts online meaning and features.

Online payments, e-Banking – meaning and features, advantages and disadvantages. Mobile Banking – SMS alerts, transfer of funds, making payments – advantages and disadvantages. Debit Cards vs Credit Cards, ATM (Automated Teller Machine) – Meaning; Debit card and credit card: features and differences.

3. Management
(i) Management: Meaning, objectives and characteristics of management.

Meaning of Management: as an activity; as a group; as a discipline; as a process. Objectives and characteristics of management.

(ii) Nature of Management – Science, Art and Profession. Self explanatory. (iii)Importance of Management.

Self explanatory.

(iv) Principles of Management: nature of principles; need for principles.

Nature of principles of Management; need for principles of management; Taylor’s 5 scientific principles of Management; Fayol’s 14 principles of Management; Relevance of the principles of Management in today’s business scenario. Comparison of Taylor’s and Fayol’s principles.

(v) Functions of Management: Planning; Organizing; Staffing; Directing; Controlling and Coordinating.

(a) Planning:

Meaning, steps, importance & limitation; Types of plans; Objectives, policy, procedures, method, role, budget, program – meaning, features and differences.

(b) Organizing:

Meaning, importance, steps; Structure of organization (line, line and staff, functional and divisional; Formal and informal organization) – Meaning, features, merits, demerits and differences between line and line & staff, functional and divisional, formal and informal; Meaning and importance of delegation of authority; Decentralization v/s Centralization, comparison between delegation and decentralization, merits and demerits.

(c) Staffing:

Meaning, steps and importance; Recruitment – Meaning and sources; Selection –Meaning and procedure; Training and development – Meaning, types of training, difference between selection and recruitment, Training and Development.

(d) Directing:

Meaning and importance; Supervision Meaning, functions and span of control; Motivation – Meaning and Maslow’s theory; Leadership- Meaning and qualities of a good leader; Communication – Meaning, objectives and process. Barriers to communication and overcoming barriers to communication.

(e) Controlling:

Meaning, steps and importance; Relationship between Planning and Controlling; Management by Exception.

(f) Coordination:

Meaning of Coordination; Coordination as an essence of Management.

4. Marketing
(i) Marketing: concept and functions.

Meaning and types of markets; meaning and features of marketing. Marketing concepts: traditional v/s modern – meaning and features of traditional and modern concepts of marketing. Comparison between marketing and selling. Objectives and importance of marketing; functions of marketing – meaning, features of each function of marketing.

(ii) Marketing Mix – Meaning and Elements. Product Mix – goods and services – meaning, features and types of goods; meaning, features of services; the difference between product and services. Branding: meaning and merits. Labelling: meaning and merits. Packaging: meaning and features of good packaging.

Price Mix – meaning, factors determining price.

Place Mix – meaning, the channel of distribution choice of channels of distribution and physical distribution.

Promotion Mix – Meaning and elements. Elements – Advertising, sales promotion, personal selling and publicity – meaning, features, objectives and differences.

(iii)Consumer protection: rights of consumers, methods of consumer protection.

Need for consumer protection; methods of consumer protection – self-help, legislative measures and consumer associations/NGOs, Consumer Protection Act, 2019 – Rights of consumers. The Consumer Disputes Redressal Commissions (National, State and District). Difference between Consumer Protection Act, 1986 and Consumer Protection Act, 2019.

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