ICSE K11-12 Commerce Stream Curriculum, Syllabus & Examinations
ICSE Class XI-XII Syllabus, Examination and Grading System
For the Indian School Certificate Examination (ISC Exam), the students of classes XI & XII must take up English as a compulsory subject with 3-5 optional subjects. To get a passing grade in Class XII, students must clear all these subjects.
Students can only appear in up to 6 Subjects. Elective subjects include Business Studies, History, Accounts, Mathematics, Physics, Chemistry and Biology.
ICSE Class XI-XII Subject Groups & Marks Allocation
Group I (80% marks external exam + 20% marks internal exam)
Group II (80% marks external exam + 20% marks internal exam)
Group III (50% marks by external examiner + 50 % marks by the internal examiner)
ICSE Class XI-XII Grading System
ICSE exams follow a nine-number-grading scale, with 1 being the highest grade and 9 being the lowest. Grades 1 and 2 indicate excellent performance. Grades 3, 4, and 5 indicate a pass with credit, grades 6 and 7 indicate a pass, and grades 8 and above indicate FAIL.
ICSE Class XI-XII Internal Evaluation
Internal evaluation is based on performance in Socially Useful Productive Work (SUPW) and community service. Students have to study Social Subjects once a week. The grades are awarded based on students’ socially productive attitudes. Letter grades represent the evaluations, with ‘A’ denoting the highest and ‘E’ the lowest. In the certificates, only grades A to D is recorded.
ICSE Accounts Class 11 Syllabus 2023-24
Part I (20 marks) is compulsory and consists of short answer questions, testing knowledge, application and skills relating to elementary/ fundamental aspects of the entire syllabus.
Part II (60 marks), offers eight questions, out of which 5 are to be answered, each carrying 12 marks,
1. Introduction to Accounting
2. Journal, Ledger and Trial Balance
3. Bank Reconciliation Statement
4. Depreciation Accounting
5. Bills of Exchange Accounting
6. General Accounting Concepts
7. Final Accounts and Concept of Trading, Profit and Loss account and Balance Sheet, Marshalling of Balance Sheet
8. Rectification of Errors
9. Accounts from incomplete records
10. Non-Trading Organisation
11. Introduction to Computerised Accounting System
ICSE Accounts Class 12 Syllabus 2023
There is one paper of 80 marks divided into three Sections A, B and C. Section A is compulsory. Students may answer questions either from Section B or Section C.
1. Partnership Accounts
A. Fundamentals of Partnership
C. Reconstitution of Partnership
- Admission of Partner
- Retirement and death of a partner
- Dissolution of Partnership firm.
2. Joint Stock Company Accounts
A. Issue of Shares
B. Issue of Debentures
C. Redemption of Debentures
D. Final Accounts of Companies
Section B: Management Accounting
3. Financial Statement Analysis
4. Cash Flow Statement
5. Ratio Analysis
- Liquidity Ratios
- Solvency Ratios
- Activity Ratios
- Profitability Ratios
Section C: Computerised Accounting
6. Accounting Application of Electronic Spread Sheet
7. Database Management System (DBMS)
ICSE Business Studies Class 11 Syllabus 2023-24
Business Studies Class 11 Syllabus is divided in 2 Papers.
Paper I covers Theory Part 1 carrying 80 marks, of which, Part 1 (20 marks) consists of compulsory short answer questions testing knowledge, application and skills relating to elementary or fundamental aspects of the entire syllabus.
Part II (60 marks) consists of eight questions, out of which 5 questions are to be required to answered, each carrying 12 marks.
1. Business Environment
(i) Introduction to the concept of business environment.
(ii) Features and importance of business environment.
(iii) SWOT Analysis
(i) Introduction to Entrepreneur.
(ii) Introduction to Entrepreneurship.
(v) Business risks and causes of failure.
3. Managers and Managerial Roles
(i) Manager- Meaning and Definition
(ii) Managerial roles
(iii) Authority, Responsibility and Accountability.
(iv) Change Management.
4. Automation at Workplaces
(i) Mechanization and Automation
(ii) Productivity enhancement tools and facilities at workplaces.
ICSE Business Studies Class 12 Syllabus 2023-24
Business Studies syllabus is divided in 5 units
1. Human Resource Management
(i) Introduction to Human Resource Management.
(ii) Job and Manpower planning.
(iii) Staff Recruitment.
(iv) Staff Selection.
(v) Staff Training.
(vi) Staff Morale.
(vii) Staff Motivation.
(viii) Staff Remuneration.
(ix) Staff Leadership.
(x) Staff Appraisal.
(xi) Staff Promotion and Transfer.
(xii) Staff Separation.
(xiii) Emerging trends in Human Resources.
2. Business Communication and Correspondence
(i) Business Communication
(ii) Business Correspondence
- Business Letters
- Business Reports
(iii) Current trends in Business Communication
3. Business Size and Finance
(i) Business Entities Types
(ii) Sources of business finance
4. Globalisation and recent trends in Business
(iv) Types of Outsourcing.
(v) Online business
5. Business Regulators and Intermediaries
(i) Regulators and Intermediaries.
(ii) Role of Regulators and Intermediaries.
ICSE Mathematics Class 11 Syllabus 2023-24
The syllabus is divided into three sections: A, B and C. Section A is compulsory. Student may answer questions from either Section B or Section C. The paper carries 80 marks.
1. Sets and Functions
(ii) Relations & Functions
(i) Principle of Mathematical Induction
(ii) Complex Numbers
(iii) Quadratic Equations
(iv) Permutations and Combinations
(v) Binomial Theorem
(vi) Sequence and Series
3. Coordinate Geometry
(i) Straight Lines
5. Statistics and Probability
6. Conic Section
7. Three-dimensional Geometry
8. Mathematical Reasoning
10. Correlation Analysis
11. Index Numbers and Moving Averages
ICSE Mathematics Class 12 Syllabus 2023-24
Mathematics Class 12 syllabus is divided into three sections: A, B and C, carrying 80 Marks. Section A (65 Marks) is compulsory. Students may attempt questions from either Section B or Section C (15 Marks).
1. Relations and Functions
(i) Types of relations
(ii) Inverse Trigonometric Functions
Matrices and Determinants
(i) Continuity, Differentiability and Differentiation.
(ii) Applications of Derivatives
(iv) Differential Equations
ICSE Economics Class 11 Syllabus 2023-24
Part 1 (20 marks) consists of compulsory short answer questions
Part II (60 marks) consists of eight questions out of which five questions, each carrying 12 marks, are to be answered.
1. Understanding Economics
(i) Definition of Economics
(ii) Micro and Macro Economics
(iii) Basic problems of an economy
(iv) Types of economies
2. Indian Economic Development
(i) Introduction to Indian Economic Development
(ii) Parameters of Development.
(iii) Planning and economic development in India.
(iv) Structural Changes in the Indian Economy after liberalization.
(v) Current challenges facing Indian Economy.
(vi) Economic growth and development.
(vii) Sustainable Development.
(i) Introduction to Statistics
(iii) Measures of Central Value
(iv) Measures of dispersion
(vi) Index numbers
(vii) Mathematical Tools used in Economics.
ICSE Economics Class 12 Syllabus 2023-24
Part 1 (20 marks) consists of compulsory short answer questions testing knowledge, Part II (60 marks) consists of eight questions out of which five questions, each carrying 12 marks are to be answered.
1. Micro Economic Theory
(i) Theory of Demand
(ii) Elasticity of demand
(iii) Theory of Supply
(iv) Market Mechanism
(v) Production and production function
(vi) Cost and revenue
(vii) Main Market Forms
2. Theory of Income and Employment
3. Money and Banking
4. Balance of Payment and Exchange Rate
5. Public Finance
(i) Fiscal Policy
(ii) Government Budget
6. National Income