Accounts, Commerce and Economics

Accounts, Commerce and Economics – Commercial Applications – B and A

Academic Department Details

Department:Department of Accounts, Commerce and Economics (ACE)

Subject:Commercial Applications

Curriculum:ICSE

Course Content

B Form

  • Introduction to commercial organizations
  • An understanding of the actual functioning of a commercial organization
  • Business communications
  • Mechanics and terminology of accounting system

A Form

  • Understanding the basics of markets and marketing
  • Understanding finance
  • Understanding human resources
  • Development of public relations

Learning Objectives

  • To develop in students a perceptive, sensitive and critical response to the role of business in a simple manner
  • To develop in students an analytical ability so as to balance the demands of social and business parameters with individual aspirations
  • To create an appreciation for the diverse roles of both the entrepreneur and the professional manager
  • To develop an ability to work in and through teams

Skills Acquired By Students

  • Team work
  • Decision-making skills
  • Development of perspectives
  • Critical thinking

General Comments

The syllabus is very comprehensive and provides the students with a very good idea about the working of various types of businesses and commercial organizations

Accounts, Commerce and Economics – Economic Applications – B and A

Academic Department Details

Department:Department of Accounts, Commerce and Economics (ACE)

Subject:Economic Applications

Curriculum::ICSE

Course Content

B Form

  • Basic concepts of economics
  • An overview of the Indian economy
  • Infrastructure of the Indian economy
  • Consumer awareness
  • Globalization

A Form

  • Demand and supply
  • Factors of production
  • Various market structures
  • The role of the state in economic development
  • Money and banking

Learning Objectives

  • To familiarize students with the basic concepts of economics and economic phenomenon
  • To develop their analytical skills
  • To provide students with hands-on-experience in analyzing economic problems that they normally come across
  • To understand economic events and various economic systems

Skills Acquired by Students

  • Team work
  • Decision-making skills
  • Development of perspectives
  • Critical thinking

General Comments

The syllabus is very well balanced and prepares the students for further studies in the subject.

Accounts, Commerce and Economics – Accounts (ISC) – S and SC

Academic Department Details

Department:Department of Accounts, Commerce and Economics (ACE)

Subject:Accounts

Curriculum:ISC

Course Content

S Form

  • Basic accounting concepts
  • Journal, ledger and trial balance
  • Bank reconciliation statement
  • Depreciation, provisions and reserves
  • Bills of exchange
  • Final accounts
  • Accounting from incomplete records
  • Non-trading organization
  • Rectification of errors
  • Introduction to the use of computers in accounting

SC Form

Section A

  • Joint venture
  • Partnership
  • Joint stock company accounts

Section B

  • Financial statement analysis
  • Cash flow statement (only for non financial companies)
  • Ratio analysis

Section C

  • Accounting application of electronic spread sheet
  • Database management system (DBMS)

Learning Objectives

  • To provide an understanding of the principles of Accounts, and practice in recording transactions and interpreting individual as well as company accounts
  • To develop an understanding of the forms and classification of financial statements as a means of communicating financial information

Skills Acquired By Students

  • Ability to read and interpret financial statement
  • Communication skills
  • Research skills

General Comments

The subject requires constant practice and aims at improving analytical skills along with numerical abilities of pupils. Use of calculators is permitted.

Accounts, Commerce and Economics – Commerce (ISC) – S and SC

Academic Department Details

Department:Department of Accounts, Commerce and Economics (ACE)

Subject:Commerce

Curriculum::ISC

Course Content

S Form

  • Nature and purpose of business
  • Forms of business organization
  • Stock exchange
  • Emerging modes of business
  • Inland trade
  • Foreign trade
  • Warehousing
  • Insurance

SC Form

  • Corporate organization
  • Social responsibility of business and business ethics
  • Business environment
  • Financing
  • Management
  • Communications
  • Marketing

Learning Objectives

  • To develop an interest in the theory and practice of business, trade and industry
  • To familiarize students with theoretical foundations, organizing, managing and handling operations of a business firm
  • To provide a study of the more important aspects of the commercial world
  • To provide knowledge of the activities of commerce in the marketing of goods and services

Skills Acquired by Students

  • Research skills
  • Communication skills
  • Team work

General Comments

The syllabus is very comprehensive and provides the students with a very good idea about the working of various types of business and commercial organizations.

Accounts, Commerce and Economics – Economics (ISC) – S and SC

Academic Department Details

Department:Department of Art

Subject:Economics

Curriculum::ISC

Course Content

S Form

  • Understanding Economics
  • Indian Economic Development
  • Statistics

SC Form

  • Micro Economic Theory
  • Theory of Income and Employment
  • Money and Banking
  • National Income
  • Public Finance

Learning Objectives

  • To enable students to acquire knowledge and develop an understanding of facts, terms, concepts conventions, trends, principles, generalizations, assumptions, hypothesis, problems, processes etc in economics
  • To acquaint students with tools of economic analysis
  • To develop an understanding of important economic problems
  • To acquaint students with the main institutions through which the productive process is carried out
  • To enable students to compare their own economic structure with that of the other areas of the world

Skills Required to Learn

  • Research skills
  • Use of economic tools
  • Ability to predict and understand economic trends

General Comments

The syllabus is very comprehensive and provides the students with a very good idea about the working of an economy.

Accounts, Commerce and Economics – Business and Management (IB) – S and SC

Academic Department Details

Department:Department of Accounts, Commerce and Economics (ACE)

Subject:Business and Management

Curriculum::IB

Course Content

  • Business Organization and Environment
  • Human Resources
  • Marketing
  • Accounts and Financing
  • Operations Management
  • Business Strategy

Learning Objectives

The Business and Management course aims to help students understand the implications of business activity in a global market.

It is designed to give students an international perspective of business and to promote their appreciation of cultural diversity through the study of topics like international marketing, human resource management, growth and business strategy.

The ideals of international cooperation and responsible citizenship are at the heart of Diploma Programme of Business and Management.

The course encourages the appreciation of ethical concerns and issues of social responsibility in the global business environment.

Students should be able to make sense of the forces and circumstances that drive and restrain change in an interdependent and multicultural world.

The Business and Management course will contribute to students’ development as critical and effective participants in local and world affairs.

Skills Acquired By Students

Decision making skills

Critical thinking

Reflective and analytical

General Comments

The subject is offered at both Higher Level and Standard Level. The course content is designed in such a manner that it helps to lay down the foundation for students wishing to pursue Business Management courses at higher level. The course is provides an overview of business operations in a globalized context. Students are exposed to a number of case studies during the two year period in which they study the programme.

Accounts, Commerce and Economics – Economics (IB) – S and SC

Academic Department Details

Department:Department of Accounts, Commerce and Economics (ACE)

Subject:Economics

Curriculum: IB

Course Content

The syllabus is divided into 4 areas.

  • Microeconomics:

    This area includes topics such as demand and supply; Market equilibrium, the price mechanism, and market efficiency; Elasticities; Indirect taxes, subsidies and price controls; Costs, revenues and profits; Perfect competition; Monopoly; Monopolistic competition; Oligopoly; Price discrimination; Market failure

  • Macroeconomics:

    This area includes topics such as: The level of economic activity; Aggregate demand; Aggregate supply; Macroeconomic equilibrium; Low unemployment; A low and stable rate of inflation; Economic growth; Equity in the distribution of income

  • International Economics:

    This area includes topics such as why do countries trade; free trade and protectionism; Exchange rates; Balance of payments; Economic integration; Terms of trade

  • Development Economics:

    Economic development; measuring development; Domestic factors and economic development; International trade and economic development; foreign direct investment and economic development; aid, debt and economic development; The balance between markets and intervention

There are 3 papers in HL. Paper I is Essay type questions which comes from Micro and Macro economics. Paper II is data response questions which deal with International economics and development economics. Paper III tests students from across the syllabus. SL students have just two papers Essay type and Data response.

Apart from this every student taking Economics will have to write 3 commentaries from three different areas of the syllabus of 750 words each.

A large number of students including SL students opt for Extended Essay in this subject.

Learning Objectives

  • Students imbibe a deep understanding of the functioning of global economies. They develop a wide perspective of issues and are able to critically analyse and evaluate an economic development. They are able to correlate one topic to the other. Real world association is fostered among students from the very beginning.
  • To acquaint students with tools of economic analysis.
  • To develop an understanding of important economic problems.
  • To acquaint students with the main institutions through which the productive process is carried out.
  • To enable students to compare their own economic structure with that of the other areas of the world.

Skills Acquired by Students

  • Research skills through a spirit of enquiry.
  • Use of economic tools
  • Ability to predict and understand economic trends
  • Analyze
  • Evaluate
  • Draw correct labeled diagrams
  • Independent thinking and internationalism. They learn to remove biases from their evaluation
  • Referencing skills are developed
  • Writing skills are fundamental to success here
  • Reflective, principled and balanced
  • Open minded, communication and caring attitude
  • Risk taking

General Comments

There is an overlapping emphasis on international economics and development economics. Students become more international minded. Students are often encouraged to draw their knowledge from a wide variety of resources and through different approaches. Answers have a wide range of acceptability and often there are no yes /no answers.