
ICSE (Class XII)
Syllabus (2013)
Subject: Commerce
There will be one paper of 3 hours duration of 100 marks divided
into 2 parts.
Part 1 (30 marks) will consist of compulsory short answer
questions testing knowledge, application and skills relating to elementary /
fundamental aspects of the entire syllabus.
Part 2 (70 marks) will have nine questions out of which
candidates will be required to answer seven questions and each question will
carry 10 marks.
1. Corporate Organisation
(i) Joint Stock Company: meaning, merits, demerits and
objectives.
(ii) Formation of a Company.
(iii) Promotion, meaning and role of promoters.
(iv) Incorporation of Company.
(v) Memorandum of Associations and Articles of Associations
(excluding alterations) and distinction between the two documents.
(vi) Filing of documents and registration.
(vii) Certificate of incorporation.
(viii) Commencement of business.
(ix) Prospectus - its nature and importance, statement in lieu
of prospectus.
(x) Public and private companies and their comparative studies,
privileges of private companies.
(xi) Government companies: objectives, necessity, merits and
demerits. (xii) Multinational Corporations - objectives and role, various forms
- branches, subsidiaries, joint venture, franchise holders, turnkey projects,
merits and demerits of multinational corporations.
2. Social Responsibility of Business and Business Ethics
Concept and case of social responsibility.
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Responsibility towards owners, investors, consumers,
employees, government and community.
-
Environmental protection and Business.
-
Business ethics and elements.
3. Business Environment
Concept and importance of Business Environment.
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Concept and importance of Business Environment.
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Dimensions of Business Environment – Economic, social,
technological, political and legal.
4. Financing
(i) Capital: different types for sole trader; partnership; joint
stock.
Importance of finance for business. Capital for different types
of business firms. Factors affecting capital plan for an industry. Fixed capital
- meaning, factors affecting fixed capital. Working capital - meaning, factors
affecting working capital.