ISC Class 12 Commerce Syllabus 2026-27
CISCE has released the ISC Class 12 Commerce Syllabus for the academic session 2026-27. The syllabus defines the subjects, topics, marking scheme, and exam pattern for the Commerce stream.
Students should study the ISC 12th Commerce syllabus to prepare for the board examination. The syllabus helps students understand the chapters included in each subject and the marks distribution in the final exam.
The ISC Commerce syllabus includes core Commerce subjects such as Commerce, Accounts, Economics, and Business Studies. Each subject contains theory topics and internal assessment guidelines prescribed by CISCE.
Teachers should follow the official Class 12th Commerce syllabus while preparing lesson plans and classroom assessments. The syllabus ensures that teaching and learning follow the structure defined by the board.
CISCE may update topic weightage, exam pattern, or assessment rules. Students should study only the topics listed in the latest ISC Class 12th Commerce syllabus.
Students can download the ISC Class 12 Commerce Syllabus 2026-27 PDF from the links given below and begin structured preparation for the board examination.
ISC Commerce Class 12 Latest Syllabus 2026-27
There will be two papers in the subject:
Paper I - Theory: 3 hours ……80 marks
Paper II- Project Work ……20 marks
Paper - I (Theory)
80 Marks
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 - Qualified Institutional Placement - 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. Digital Banking, UPI, E-wallet- Meaning only.
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. Levels of management- Meaning and functions. Self explanatory.
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; Organising; Staffing; Directing; Controlling and Coordinating.
(a) Planning:
Meaning, steps, importance & limitation; Types of plans; Objectives, policy, procedures, method, role, budget, program strategy – meaning, features and differences.
(b) Organising:
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, methods-off the job training and on the job training, difference between selection and recruitment, Training and Development-Meaning and differences between 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; difference between product and services. Branding: meaning and merits. Labeling: meaning and merits. Packaging: meaning and features of good packaging.
Price Mix – meaning, factors determining price. Pricing strategies-cost plus pricing, competitive pricing, price-skimming, penetration pricing, value based pricing- (meaning only).
Place Mix – meaning, channel of distribution choice of channels of distribution and physical distribution. Elements of physical distribution -meaning only
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 - Meaning of consumer, rights of consumers and responsibilities of consumers.
The revised pecuniary jurisdiction according to Consumer protection Amendment Act 2021 to be taken with reference to the Consumer Disputes Redressal Commissions (National, State and District). The Consumer Protection Act 2023 to be taken into consideration only with reference to misleading advertisements.
Difference between Consumer Protection Act, 1986 and Consumer Protection Act, 2019.
