About this program
Class 12 is the year that decides your marks, your college and your career path. The concepts you master now — partnership and company accounts, management principles, macroeconomics and the Indian economy — decide your board result and open the doors to CUET, CA Foundation, CS, CMA and every commerce career after that.
Our program covers all four subjects in one structured plan: Accountancy, Business Studies, Economics (taught as two separate parts — Macroeconomics and Indian Economic Development) and English. Teaching follows the CBSE (NCERT) syllabus, with additional depth and answer-writing practice for students following the ICSE/ISC syllabus.
Details to know
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LevelClass 12 (Commerce)
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ModeClassroom + Online Doubt Support
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Duration1 Academic Session
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LanguageEnglish (Hindi support for doubts)
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EligibilityStudents who have passed Class 11 (Commerce) and are appearing for Class 12 board exams
Subjects included
📌 Economics is taught as two separate parts — Introductory Macroeconomics and Indian Economic Development (40 marks each in the CBSE theory paper) — each with its own tests, as per the Class 12 syllabus.
What you'll learn
- Understand every concept from the CBSE (NCERT) and ICSE/ISC Class 12 syllabus, chapter by chapter
- Solve Accountancy partnership, share capital, debenture, ratio and cash flow problems with confidence
- Write structured answers in Business Studies, with case-study and application skills
- Handle Macroeconomics numericals — national income, multiplier, budget deficits, BoP — quickly and accurately
- Explain Indian Economic Development topics with data, examples and balanced answers
- Master English reading, writing formats, grammar and literature answers
- Practise board-style question papers, MCQs, assertion-reason and case-based questions
- Build the exact foundation needed to score high in boards and clear CUET, CA Foundation and college entrances
Skills you'll gain
Partnership AccountsCompany AccountsRatio & Cash Flow AnalysisCase-Study AnalysisAnswer WritingData InterpretationGraph & Diagram DrawingTime ManagementCompetency-Based QuestionsFormal WritingExam Strategy
Study material & resources
NCERT TextbooksConcept NotesChapter-wise WorksheetsSample PapersPrevious Year PapersMock TestsDoubt Sessions
Complete syllabus coverage
Partnership firms, company accounts and financial statement analysis — with heavy numerical practice, exactly as the Class 12 board paper expects.
Unit 1Part A · Accounting for Partnership Firms — Fundamentals8 topics
- Nature of partnership firm and partnership deed
- Provisions of the Partnership Act, 1932 (relevant to accounting)
- Fixed and fluctuating capital accounts
- Preparation of profit and loss appropriation account
- Interest on capital, drawings, salary and commission to partners
- Guarantee to a partner
- Past adjustments and correction of errors
- Goodwill: nature, factors and methods of valuation
Unit 2Reconstitution of a Partnership Firm — Change in Profit-Sharing Ratio & Admission7 topics
- Change in profit-sharing ratio among existing partners
- Sacrificing ratio and gaining ratio
- Accounting for goodwill on reconstitution
- Revaluation of assets and re-assessment of liabilities
- Distribution of accumulated profits, reserves and losses
- Admission of a partner: new profit-sharing ratio
- Adjustment of capital accounts and preparation of balance sheet
Unit 3Reconstitution of a Partnership Firm — Retirement / Death of a Partner6 topics
- Retirement of a partner: new ratio and gaining ratio
- Goodwill, revaluation and adjustment of reserves
- Settlement of amount due to the retiring partner
- Death of a partner: calculation of deceased partner’s share
- Executor’s account, payment in instalments
- Preparation of balance sheet after retirement / death
Unit 4Dissolution of a Partnership Firm6 topics
- Meaning of dissolution of partnership and of a firm
- Settlement of accounts: order of payment
- Realisation account
- Partners’ capital accounts and cash / bank account
- Treatment of partner’s loan, private debts and expenses of dissolution
- Preparation of accounts on dissolution
Unit 5Part A · Accounting for Share Capital7 topics
- Company: meaning, features and types
- Share capital: types of shares and share capital
- Accounting for issue of shares: at par, at premium, at discount
- Over-subscription and under-subscription of shares
- Calls in advance, calls in arrears
- Forfeiture and re-issue of shares
- Presentation of share capital in the company’s balance sheet
Unit 6Issue and Redemption of Debentures6 topics
- Debentures: meaning, types and features
- Issue of debentures: for cash and for consideration other than cash
- Issue as collateral security
- Debentures issued at par, premium and discount
- Writing off loss on issue of debentures
- Redemption of debentures — overview and accounting treatment
Unit 7Part B · Financial Statements of a Company4 topics
- Meaning and objectives of financial statements
- Statement of Profit and Loss: format and items (Schedule III)
- Balance Sheet: format, major heads and sub-heads
- Preparation of financial statements with adjustments
Unit 8Analysis of Financial Statements4 topics
- Meaning, significance and limitations
- Comparative statements and common-size statements
- Tools: comparative, common-size, ratio and cash flow analysis
- Interpretation of results
Unit 9Accounting Ratios5 topics
- Meaning, objectives and classification of ratios
- Liquidity ratios: current ratio, quick ratio
- Solvency ratios: debt-equity, total assets to debt, proprietary ratio, interest coverage
- Activity ratios: inventory, debtors, creditors and working capital turnover
- Profitability ratios: gross / net profit, operating ratio, ROI, EPS (as per syllabus)
Unit 10Cash Flow Statement4 topics
- Meaning, objectives and benefits
- Cash and cash equivalents
- Operating, investing and financing activities
- Preparation of cash flow statement (as per AS-3, indirect method)
Unit 11Project Work3 topics
- Choosing a project from the prescribed list
- Data collection, analysis and file preparation
- Viva voce preparation
Management principles, finance, markets and consumer protection — with concept clarity, case-study handling and answer-writing practice for high board scores.
Unit 1Part A · Nature and Significance of Management5 topics
- Management: concept, objectives and importance
- Nature of management: science, art and profession
- Levels of management
- Management functions: planning, organising, staffing, directing, controlling
- Coordination: concept and importance
Unit 2Principles of Management4 topics
- Concept and nature of principles of management
- Fayol’s principles of management
- Taylor’s scientific management: principles and techniques
- Comparison of Fayol and Taylor
Unit 3Business Environment5 topics
- Concept and importance of business environment
- Dimensions: economic, social, technological, political and legal
- Demonetisation: concept and features
- GST (overview)
- Impact of government policy changes on business and industry
Unit 4Planning3 topics
- Concept, importance and limitations of planning
- Planning process
- Types of plans: objectives, strategy, policy, procedure, method, rule, programme, budget
Unit 5Organising5 topics
- Concept and importance of organising
- Organising process
- Structure: functional and divisional
- Formal and informal organisation
- Delegation: elements, importance and decentralisation
Unit 6Staffing4 topics
- Concept and importance of staffing
- Staffing as part of human resource management
- Staffing process: recruitment, selection, training and development
- Training vs development; on-the-job and off-the-job methods
Unit 7Directing4 topics
- Concept and importance of directing
- Motivation: Maslow’s hierarchy, financial and non-financial incentives
- Leadership: concept, styles and qualities
- Communication: formal and informal, barriers and ways to overcome them
Unit 8Controlling4 topics
- Concept and importance of controlling
- Relationship between planning and controlling
- Steps in the control process
- Techniques of managerial control: traditional and modern
Unit 9Part B · Financial Management5 topics
- Concept, role and objectives of financial management
- Financial decisions: investment, financing and dividend
- Financial planning: concept and importance
- Capital structure, fixed and working capital
- Factors affecting capital structure, fixed and working capital requirements
Unit 10Financial Markets6 topics
- Concept of financial market: money market and capital market
- Money market instruments
- Capital market: primary and secondary market
- Stock exchange: functions and trading procedure
- NSE and OTCEI (overview)
- SEBI: objectives and functions
Unit 11Marketing6 topics
- Marketing: concept, functions and philosophies
- Marketing vs selling
- Marketing mix: product, price, place and promotion
- Branding, labelling and packaging
- Types of channels of distribution
- Advertising, personal selling, sales promotion and public relations
Unit 12Consumer Protection5 topics
- Importance of consumer protection
- Consumer Protection Act, 2019: consumer rights and responsibilities
- Who can file a complaint and against whom
- Redressal agencies and relief available
- Consumer awareness and role of consumer organisations / NGOs
Unit 13Project Work3 topics
- Choosing a project from the prescribed list
- Preparing and presenting the project file
- Viva voce preparation
Part A of Economics (40 marks in CBSE pattern): national income, money and banking, income determination, government budget and the open economy — with diagrams and numericals.
Unit 1Introduction to Macroeconomics4 topics
- Macroeconomics vs microeconomics
- Emergence and scope of macroeconomics
- Basic concepts: consumption goods, capital goods, final and intermediate goods
- Stock and flow, gross investment and depreciation
Unit 2National Income and Related Aggregates5 topics
- Circular flow of income
- Methods of calculating national income: value added, income and expenditure
- GDP, GNP, NDP, NNP at market price and factor cost
- Nominal vs real GDP, GDP deflator
- GDP and welfare
Unit 3Money and Banking5 topics
- Money: meaning, evolution and functions
- Supply of money: M1, M2, M3, M4
- Commercial banks: credit creation
- Central bank: functions of RBI
- Control of credit: bank rate, repo rate, reverse repo, CRR, SLR, open market operations
Unit 4Determination of Income and Employment6 topics
- Aggregate demand and its components
- Aggregate supply and its components
- Propensity to consume and propensity to save
- Short-run equilibrium output: investment multiplier
- Meaning of full employment and involuntary unemployment
- Problems of excess demand and deficient demand and measures to correct them
Unit 5Government Budget and the Economy6 topics
- Government budget: meaning and components
- Objectives of government budget
- Classification of receipts: revenue and capital
- Classification of expenditure: revenue and capital
- Balanced, surplus and deficit budget
- Revenue deficit, fiscal deficit and primary deficit
Unit 6Open Economy Macroeconomics5 topics
- Balance of payments: meaning and components
- Balance of trade and current account
- Foreign exchange rate: meaning, fixed, flexible and managed floating
- Determination of exchange rate in a free market
- Merits and demerits of fixed and flexible exchange rate
Part B of Economics (40 marks in CBSE pattern): India’s development journey since 1947, economic reforms of 1991, present challenges and a comparison with neighbouring countries.
Unit 1Development Experience (1947–90) & Economic Reforms since 19916 topics
- State of the Indian economy on the eve of independence
- Common goals of Five Year Plans
- Main features, problems and policies of agriculture and industry
- Economic reforms since 1991: liberalisation, privatisation and globalisation
- Foreign trade: changes in composition and direction
- Impact of reforms and critical appraisal of LPG policies
Unit 2Current Challenges Facing the Indian Economy6 topics
- Human capital formation: role of education and health
- Growth and human development
- Rural development: credit, marketing, diversification, organic farming
- Employment: formal and informal, unemployment and government initiatives
- Infrastructure: energy and health
- Sustainable economic development: environment and strategies
Unit 3Development Experience of India — A Comparison with Neighbours5 topics
- Comparison of India with Pakistan and China
- Developmental paths and strategies
- Demographic indicators and GDP / sectoral growth
- Human development indicators
- Lessons from the comparison
Unit 4Project Work in Economics4 topics
- Choosing a topic and framing questions
- Data collection, analysis and conclusions
- File preparation and presentation
- Sample project ideas and viva preparation
Reading, writing and literature — taught with board-style answer formats, so Class 12 English becomes a high-scoring subject, not a risk.
Unit 1Reading Skills4 topics
- Unseen factual, descriptive and literary passages
- Comprehension, inference and vocabulary
- Note-making and summarising
- Case-based and competency-based reading questions
Unit 2Writing Skills5 topics
- Notice and formal invitation / reply
- Letters: business, job application, letter to the editor
- Article writing
- Report writing (as per latest pattern)
- Format, word limit and marking scheme
Unit 3Literature — Flamingo (Prose)4 topics
- The Last Lesson · Lost Spring
- Deep Water · The Rattrap
- Indigo · Poets and Pancakes
- The Interview · Going Places
Unit 4Literature — Flamingo (Poetry)4 topics
- My Mother at Sixty-six · Keeping Quiet
- A Thing of Beauty · A Roadside Stand
- Aunt Jennifer’s Tigers
- Theme, imagery and poetic devices
Unit 5Literature — Vistas4 topics
- The Third Level · The Tiger King
- Journey to the End of the Earth
- The Enemy · On the Face of It
- Memories of Childhood
Unit 6ICSE / ISC Track (if enrolled for ISC)3 topics
- English Language: composition, letters, comprehension, grammar
- English Literature: prescribed prose, poetry and drama as per current CISCE list
- Answer writing in ISC style
Unit names follow the NCERT / CBSE and ICSE/ISC structure; chapter weightage can change each session, so we update the plan according to the latest official syllabus.
CBSE vs ICSE/ISC — how we prepare you
| CBSE | ICSE / ISC | |
|---|---|---|
| Syllabus base | NCERT textbooks, latest CBSE Class 12 syllabus | ISC Class 12 syllabus prescribed by CISCE |
| Class 12 exam | CBSE Board Examination (Class 12) | ISC Board Examination (Class 12) conducted by CISCE |
| Typical paper | Theory 80 + Internal / Project 20 (Economics: Macroeconomics 40 + Indian Economic Development 40) | Theory-heavy papers with detailed numerical and descriptive answers; project / practical components as per subject |
| Question style | MCQs, assertion-reason, case-based, short & long answers, higher share of competency-based questions | Application-based, descriptive, longer answers; strong language and presentation weight |
| Our focus | NCERT line-by-line + latest sample papers and previous-year papers | Concept depth, extra numericals, answer-writing in ISC style |
Note: Marking pattern may vary by session; we update the plan as per the latest official CBSE / CISCE guidelines.
Your year-long roadmap
Phase 1Foundation Revision
Quick revision of Class 11 basics; start of Partnership Accounts, Principles of Management and Macroeconomics basics.
Phase 2Concept Building
Core units covered with worksheets; unit tests; diagram, format and numerical practice.
Phase 3Half-Yearly Prep
Revision of covered syllabus, previous papers, doubt clearing and test series.
Phase 4Complete Syllabus
Remaining units — company accounts, financial statements, IED, marketing and consumer protection; projects and viva.
Phase 5Pre-Board Prep
Full syllabus revision, full-length mock papers, answer-writing speed and time management.
Phase 6Boards & Beyond
Last-minute strategy for board exams, plus guidance for CUET, CA Foundation and college admissions.
Why students choose Ayaan Education
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Board-aligned teachingEvery chapter mapped to CBSE and ICSE/ISC syllabus, with marking-scheme awareness.
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Subject-wise expertiseNumerical subjects and theory subjects taught with different, proven methods.
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Regular testsWeekly worksheets, unit tests and full-length mock papers with feedback.
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Doubt supportDedicated doubt-clearing so no student is left behind.
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Small batchesPersonal attention and progress tracking for every student.
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Parent updatesRegular performance reports and attendance updates.
Frequently asked questions
Is this program for CBSE or ICSE/ISC students?
Both. The core teaching follows the CBSE (NCERT) syllabus, and we add ICSE/ISC-specific topics, extra numericals and answer-writing practice for ISC students.
Why is Economics divided into Macroeconomics and Indian Economic Development?
The Class 12 Economics syllabus has two parts: Introductory Macroeconomics and Indian Economic Development, each carrying 40 marks. Each part is taught separately with its own test series, since the skills are very different.
Does the course include the Project work?
Yes. We guide students through project selection, data collection, analysis, file preparation and viva questions for Accountancy, Business Studies and Economics.
Will this help in entrance exams after Class 12?
Yes. Class 12 concepts are the base for CUET, CA Foundation, CS, CMA and other commerce entrances, and we include guidance for them.
Are doubts solved outside class time?
Yes. Doubt sessions and online support are included in the program.
How can I enrol?
Click “Enquire & Enroll”, fill in the form, and our counsellor will contact you with batch timings and fee details.
Ready to ace your Class 12 boards?
Talk to our counsellor for batch timings, fee details and a free demo class.