Welcome to STEP's Foundation

XI (11th) Commerce

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About Us

We are leading commerce coaching institute in Pune,
having focous on 11th / 12th Commerce, BBA, BBA ib and B.com.

At STEP's Foundation we offer subject coaching for 11th / 12th Commerce, B.com, BBA, BBA ib and coaching for BBA & MBA entrance exams.

STEP's Foundation is a professionally managed yet passionately driven coaching class.

We are known for quality coaching, highly disciplined teaching methodology, authenticity and transparency.The student's are greatly benefited from highly competent & passionate faculties and there innovative methodologies of teaching. In this years we have earned the confidence & respect not only of students but also of parents.

Why STEPs Foundation

Proficent Teachers

Teachers play a crucial role in determining whether their students learn successfully. We are a team of young, dynamic and passionate teachers, with an enthusiasm not just to enrich our students in academic but to inspire them to be a good human. We are known for quality coaching, highly disciplined teaching methodology, authenticity and transparency. The students are greatly benefited from our highly competent & passionate teachers and there innovative methodologies of teaching.

Interactive Teaching

Teachers must engage students in learning activities that lead to a higher level of understanding and result in the student's ability to apply what he learned. Interactive teaching is a two-way process of active participant engagement with each other, the teacher, and the content. We use and apply Latest teaching tools, technologies, and methods in order to provide students the best learning possible.


Lucrative Notes

Study materials are important because they can significantly increase student achievement by supporting student's learning. Our Student's study material is developed by experienced education professionals keeping in mind student's learning requirement.

25 Students Per Batch

We are quality oriented coaching institute and not quantity oriented. We keep our batch size to only 25 students per batch, keeping the student teacher ratio low. Small batch size makes it possible for the teacher to give personal attention on every student, making the teacher student relation friendlier.

Students App

Gone are the days, when the only option for the students to read books. The innovative app makes it easy for the students to revise their lessons in an effective and interactive way.




Revision Videos

The revision videos are available round the clock. Therefore, learning is not time-bound, rather it is relaxed learning. We all know that time-bound learning is not much effective, as children get distracted very easily and are not able to concentrate continuously for a long time. Thus, revision videos the best regarding this issue, as they are available 24/7, and the students can study as per their convenience.

Online Tests

Online Tests Online test play an important role and provide an array of benefits to both the student and the institute. Testing is made unique by randomizing question and answer order. This is especially useful when a student has to re-do a test which he/she previously had poor performance on so that the test is not completed by memory, but rather by actually thinking through the correct solution once again.

Biometric Attendance

The attendance of students is very important factor since it forms part of the student's assessment and evaluation. Biometric attendance keeps the parents informed about the student's attendance via Email & SMS alerts.



About Commerce Streem

Commerce stream is still a very popular choice among students who have passed 10th standard.

First year of junior college laid the foundation on which a student's career is built. Commerce stream is great for those students who are serious about pursuing a career in finance, accounts, chartered accountancy, economics, banking, business and management. Commerce course covers basically accounting, economics and related subjects relevant to trade and business.

Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer. The main subjects that are taught in the Commerce stream in Class 11 and 12 include Economics, Accountancy and Organisation of commerce.

11th (XI) Commerce Maharastra State Board

FAQ about 11th Commerce; syllabus, Pattern, Coaching, etc.

  • This diversity that commerce stream offers is one of the main factors that still attracts many 10th standard students. If you are good with numbers, good at analysing and dealing with large number of data, have a taste in finance and economics, commerce stream will suit you!

  • Subjects avaliable for 11th commerce

    1 English

    2 Environment Education

    3 Health and Physical Education

    4 Information Technology
    or
    Modern Indian or Foreign Languages (any one of the following)

    1. Marathi
    2. Hindi
    3. Gujarati
    4. Urdu
    5. Kannada
    6. Tamil
    7. Telugu
    8. Malayalam
    9. Sindhi
    10. Bengali
    11. Punjabi
    12. German
    13. French
    14. Russian
    15. Japanese


    5 Mathematics and Statistics

    or
    Secretarial Practice

    6 Economics

    7 Book-keeping and Accountancy

    8 Organization of Commerce and Management

  • Book-keeping and Accountancy


    1 A. Introduction of Book-keeping and Accountancy

    A.1 Meaning and definition
    A.2 Objectives
    A.3 Importance and Utility
    A.4 Difference between Book-Keeping and Accountancy
    A.5 Basis of Accounting - Cash basis and Accrual basis.
    A.6 Qualitative characteristics of accounting information
    A.7 Financial Accounting, Cost Accounting, Management Accounting


    1 B. Basic Accounting Terminologies

    B.1 Business Transactions : Cash Transactions and Credit Transactions
    B.2 Goods
    B.3 Profit, loss-Operating and Non-operating profits, Normal gains and abnormal gains with examples. Difference between profit and Income
    B.4 Assets, Liabilities, Net-worth/ Owners Equity Assets: Fixed/ Current/Tangible/ Intangible/ fictitious
    B.5 Contingent Liability
    B.6 Capital, Drawings
    B.7 Debtors, Creditors
    B.8 Capital Expenditure, Revenue and Deferred Revenue Expenditure
    B.9 Cash discount and Trade discount
    B.10 Solvent and Insolvent
    B.11 Accounting Year
    B.12 Trading Concerns and 'Not for Profit' Concerns
    B.13 Goodwill


    1 C. Accounting Concepts, Conventions and Principles and Indian

    Accounting standards concepts and objectives
    C.1 Meaning and Importance
    C.2 Business Entity
    C.3 Money measurement
    C.4 Cost
    C. 5 Consistency
    C. 6 Conservatism
    C. 7 Going Concern
    C. 8 Realization
    C. 9 Accrual
    C.10 Dual Aspect
    C.11 Disclosure
    C.12 Materiality
    C.13 Revenue
    C.14 Matching
    C.15 Accounting Standards


    2. A. Meaning and fundamentals of Double Entry Book-keeping System

    A.1 Study of Double Entry Book-keeping system.
    A.2 Advantages of Double Entry Bookkeeping system.
    A.3 Comparison of Double Entry Bookkeeping system with Conventional Accounting system.
    B. Classification of Accounts and Accounting equations Rules
    B.1 Types of accounts-personal,
    Impersonal accounts- Real accounts, Nominal accounts.
    B.2 Rules for different accounts for passing entries.
    B.3 Illustrations
    B.4 Accounting equations Assets,
    Liabilities, Revenue and capital
    expenses
    B.5 Brief: Explanation about IFRS


    3. Source documents required for Accounting

    3. 1 Meaning, contents and specimen.
    3. 2 Voucher-internal, external voucher
    3. 3 Petty cash and cash voucher
    3. 4 Cash and Credit memo
    3. 5 Receipt
    3. 6 Debit and Credit note
    3. 7 Pay-in-slip
    3. 8 Withdrawal slip
    3. 9 Cheque-Bearer, Order, Crossed, Account payee
    3.10 Bank pass book, Bank Statement and Bank advice


    4. Journal

    4.1 Meaning, Importance and utility of Journal.
    4.2 Specimen of Journal
    4.3 Writing of Journal entries


    5. Subsidiary Books

    5.1 Meaning, need and specimen of different Subsidiary Books.
    5.2 Simple Cash Book with cash column only
    5.3 Cash Book with cash and bank columns
    5.4 Analytical Petty Cash Book imprest system.
    5.5 Purchase Book
    5.6 Sales Book
    5.7 Purchase Return Book
    5.8 Sales Return Book
    5.9 Bank Book
    5.10 Journal Proper, Transactions of Discounts to be taken in Journal Proper


    6. Ledger

    6.1 Meaning, need and contents of ledger be explained
    6.2 Specimen of ledger
    6.3 Posting of entries from Subsidiary books to ledger
    6.4 Balancing of ledger accounts.


    7. Bank Reconciliation Statement

    7.1 Meaning, need and importance
    7.2 Reasons for difference in bank balance as per cash book and balance as per bank pass book
    7.3 Specimen of Bank Reconciliation Statement
    7.4 Preparation of Bank Reconciliation Statement


    8. Trial balance

    8.1 Meaning and Purpose
    8.2 Specimen of Trial Balance
    8.3 Preparation of Trial Balance from given balances of accounts.


    9. Errors and their rectification

    9.1 Meaning and effects of errors.
    9.2 Types of errors - Errors of principles, Errors of Ommission, Errors of commission and Compensating Errors.
    9.3 Steps to locate errors
    9.4 Errors affecting and not affecting Trial Balance
    9.5 Treatment of balance of suspense account
    9.6 Rectification entries


    10. Depreciation, Provisions and Reserves

    10.1 Depreciation : Meaning, Need and Factors affecting depreciation.
    10.2 Methods of computation of Depreciation : Straight Line Method, Written Down Value Method (Excluding Change in
    method)
    10.3 Accounting Treatment of Depreciation : By charging to asset account by creating Provision for depreciation / accumulated depreciation account.
    10.4 Provisions and Reserves : Meaning, Objectives and Difference between provisions and Reserves.
    10.5 Types of Reserves : Revenue Reserve, Capital Reserve, General
    Reserve, Specific reserves, Secret reserves.


    11. Financial statements of Proprietary concern

    Financial Statements- Meaning, objective and Importance
    11.1 Preparation of Trading Account
    11.2 Preparation of Profit and Loss Account
    11.3 Preparation of Balance Sheet
    11.4 Effects of following adjustments only
    a. Closing stock
    b. Depreciation
    c. Bad and Doubtful debts
    d. Provision for discount on Debtors
    and Creditors
    e. Outstanding expenses
    f. Prepaid expenses
    g. Accrued income
    h. Income received in advance
    i. Drawings
    j. Goods distributed as free sample


    12. Computer in Accounting

    12.1 Introduction to Computer Accounting System :
    Components of CAS, Features, Grouping of Accounts, using software of C.A.S.
    12.2 Application of computer accounting Automation of accounting process,
    designing accounting reports, data exchange with other information system.

  • Economics

    A Section : Indian Economic development

    1) Economic development & Economic growth
    2) Quality of human life
    - Introduction
    -Physical quality of Life Index & Human
    -Development Index.


    3) Major challenges before Indian Economy
    a) Population
    b) Poverty
    c) Unemployment


    4) Economic Reforms since 1991 & its main features.
    a) Liberalisation
    b) Privatisation
    c) Globalisation


    5) Economic Planning
    a) Meaning and objectives
    b) 10th Five year plan.


    6) Infra structural development in India.

    B Section : Introduction to statistics

    7) Introduction to statistics
    8) Collection & organization of Data
    9) Graphical presentation of data
    10) Measures of Central Tendency Mean, Median & Mode
    11) Index Numbers.

  • Organization of Commerce and Management




    UNIT-1 Nature and Scope of Business

    _ Concept and characteristics of business
    _ Business, Profession and Employment- Meaning and distinctive features.
    _ Objectives of business-economic and social, role of profit in business.
    _ Classification of business activities-Industry and Commerce.
    _ Industry : Types of industries- primary, secondary, tertiary.
    _ Commerce-Trade-Auxiliaries.
    _ Business risks , nature and causes.


    UNIT-2 Small Business

    _ Small scale industry- Tiny sector, cottage and rural industry.
    _ Role of small business in rural India.
    _ Problems of small business in India.
    _ Government Assistance and special schemes for industries in rural, backward and hilly areas.


    UNIT-3 Private, Public and Global Enterprises.

    _ Private Sector and Public Sector.
    _ Forms of organizing public sector enterprises : Departmental undertaking,
    Statutory corporation, Government company.
    _ Changing role of public sector.
    _ Global Enterprises (Multinational companies)
    _ Joint Ventures : meaning, benefits.


    UNIT- 4 Internal Trade

    _ Meaning and types of internal trade Wholesale Trade and Retail Trade.
    _ Services of a wholesaler and a retailer.
    _ Types of Retail Trade -
    _ Itinerant retailers and Fixed shops, Departmental store, Super market, Chain stores.
    _ Role of Chamber of Commerce and industry.


    UNIT - 5 International Business

    _ Nature, importance, scope and complexities involved in international business.
    _ Basic information about ways of entering into international business.
    _ Contract manufacturing, licensing franchising, joint ventures and setting up wholly owned subsidies.
    _ Export ; import procedures and documentation.
    _ Foreign Trade promotion organizational support and incentives. Nature and importance of export processing zone/ Special Economic zones.
    _ International Trade Institutions and Agreement.
    W.T.O.UNCTAD, WORLD BANK, I.M.F.


    UNIT-6 Business Environment

    _ Business Environment : meaning and importance.
    _ Dimensions of Business Environment : Economic, social, Technological, political and legal.
    _ Economic environment in India. Impact of Government policy changes on business and industry with special reference to adoption of the policies of liberalization privatization and globalization.


    UNIT- 7 Marketing

    _ Marketing : meaning, functions, role.
    _ Distinction between marketing and selling.
    _ Marketing Mix : concept and elements-
    _ Product : nature, classification, branding labeling and packaging.
    _ Physical distribution : meaning, role Channels of distribution ; meaning, types, factors determining choice of channels.
    _ Promotion : meaning and role, promotion mix, Role of Advertising and personal selling objections to Advertising.
    _ Price : factors influencing pricing.


    UNIT-8 Nature and significance of management

    _ Management : concept, objectives, importance
    _ Nature of management, management as Science, Art, profession.
    _ Levels of management : top, middle, supervisory (first level).

  • Secretarial Practice


    UNIT -1 Secretary

    _ Meaning, definition and importance.
    _ Types of secretaries:
    a) Personal b) Non profit Association c) Co - operative Society d) Joint Stock Company e) Government department (Qualifications, qualities and functions)


    UNIT-2 Joint stock company

    _ Evolution
    _ Definition and Features
    _ Merits and limitations
    _ Formation of Joint stock Company : Stages ; Promotion, Incorporation, Capital raising and obtaining Trading Certificate
    _ Documents related to the Formation of a Joint stock Company ; Memorandum of Association, Articles of Association, Prospectus, Statement in lieu of prospectus (Meaning, purpose and contents of each document).


    UNIT-3 Machinery monitoring Joint stock Company

    _ The Central Government's Department of company affairs.
    _ The Board of Company Law Administration (Company Law Board / National company Law Tribunal )
    _ Registrar of Companies.
    _ Advisory Committee.
    _ Jurisdiction of court (brief outline of the role in monitoring mechanism)


    UNIT-4 Structural Organization of a Joint stock company

    _ Shareholders : Acquisition of membership, rights and termination.
    _ Board of Directors : Qualifications, appointment, Powers, duties.
    _ Managing Director : Qualifications, appointment, powers, duties and remuneration.
    _ Auditor : Meaning, functions, rights, appointment, remuneration and removal.
    _ Company Secretary : Appointment, rights and responsibilities, remuneration.


    UNIT - 5 Company Meetings

    _ Provisions for convening and conducting a valid meeting.
    _ Provisions related to Notice, Agenda, Quorum, Proxy, Voting, Motions,
    Amendments, Resolutions, Minutes.
    _ Types of Meetings : Statutory Meeting, Annual General Meeting, Extra Ordinary General Meeting, Meetings of Board of directors.
    _ Role of a Company secretary relating to Meetings.


    UNIT - 6 Business Correspondence

    _ Basic principles of Business correspondence.
    _ Importance
    _ Layout of a Business Letter
    _ Essentials of a good business letter
    _ Physical appearance of business letter
    _ Precaution to be taken while writing business letters


    UNIT-7 Secretarial correspondence

    7.1 Correspondence with Directors
    _ Notice of Meeting with agenda
    _ Sending a brief report to directors who were absent for meeting
    _ Reminding the directors about the provision regarding absenteeism of consecutive meetings
    _ Requesting a director to be present at a meeting as an expert
    _ Removal of a director
    7.2 Correspondence with Registrar of Companies
    _ Filing Statutory Report
    _ Filing Annual Report
    _ Extension of time for holding Annual General Meeting
    _ Filing special resolution with Registrar of companies
    _ Alteration in clauses of Memorandum of Association and Articles of Association
    7.3 Correspondence with Banks
    _ Opening of an Account
    _ Stop payment
    _ Issue of a Letter of Credit
    7.4 Correspondence with Insurance Companies
    _ Enquiry about various policies regarding fire & marine Insurance.
    _ Asking for fire and marine policies.
    _ Informing insurance company about damage of goods by fire/marine loss
    _ Settlement of claim

  • Mathematics & Statistics

    PART - 1

    1. Sets, Relations and Functions
    1.1 Review
    1.2 Power set and Cartesian Product
    1.3 Relations
    1.4 Functions
    1.5 Operations on functions
    1.6 Graphs of functions



    2. Complex Number
    2.1 Definition of complex number -
    2.2 Algebra of complex numbers
    2.3 Geometrical representation of a complex number



    3. Sequences and Series
    3.1 Revision of A.P.
    3.2 Geometric Progression
    3.3 Harmonic Progression
    3.4 Special Series



    4. Angle and its measurement
    4.1 Revision
    4.2 Measurement of angles
    4.3 Systems of measurement of angles



    5. Trigonometric Functions
    5.1 Trigonometric Functions
    5.2 Trigonometric functions of compound angles (All formulae without proof)
    5.3 Inverse trigonometric functions



    6. Plane Co-ordinate Geometry

    6.1 Locus
    6.2 Line



    7. Circle and Conics
    7.1 Circle
    7.2 Conics



    8. Equations
    8.1 Equations



    9. Determinants
    9.1 Revision
    9.2 Determinant of order 3
    9.3 Applications of Determinants



    10. Limits
    10.1 Standard Limits



    11. Differentiation
    11.1 Derivative
    11.2 Rules of differentiation
    11.3 Derivatives of particular functions
    11.4 Derivatives of composite function



    PART - 2

    1. Logarithms
    1.1 Introduction and Definition
    1.2 Laws of logarithms
    1.3 Characteristics and Mantissa



    2. Theory of Attributes
    2.1 Introduction, notation and class frequencies
    2.2 Consistency of data
    2.3 Independence of attributes
    2.4 Association of attributes



    3. Partition Values
    3.1 Partition values



    4. Measures of Dispersion
    4.1 Measures of Dispersion



    5. Moments
    5.1 Moments



    6. Skewness and Kurtosis
    6.1 Skewness
    6.2 Kurtosis



    7. Permutations and Combinations
    7.1 Permutations
    7.2 Combinations



    8. Probability
    8.1 Types of events
    8.2 Addition Theorem
    8.3 Conditional probability



    9. Index Numbers
    Introduction
    9.1 Types of Index Numbers
    9.2 Uses of Index Numbers
    9.3 Some specific Index Numbers
    9.4 Cost of living Index Numbers, Uses of cost of living Index Number



    10. Time Series
    Introduction
    10.1 Mathematical Models
    10.2 Measurement of Trend

  • Mathematics & Statistics is optional; but important for students to build a better base for higher studies like CA, ICWA, CFA, MBA etc..

  • Since STEP's Foundation is the popular choice of Parents and Students, there is a rush for admission as soon as results are out. We accept admission on first come first serve bases. As our batch size is limited it is advisable to take admission well in advance to avoid disappointment.

Admission Open

Confirm your seat today !

Call us: +91 837 897 0762

Our Topper's

Just to name a few!

Rutuja Gholap

Accounting 97/100

Avaneesh Satkar

Accounting 92/100

Veerbhadra Kurla

Accounting 97/100

Gopal Mandhane

93/100 Mathematics

Aishwarya Ghanawat

Accounting 92/100

Radhika Dhoot

92/100 Mathematics

Aiman Shaikh

OCM 92/100

Urvashi Mahajan

Income Tax 80/80

Mohsina Shaikh

BBA 1st Rank

Rutuja Deshmukh

BBA 3rd Rank

Rohan Shete

Mathematics 91/100

Veerbhadra Kurla

Accounting 97/100

Kiran Shah

Accounting 96/100

Raunak Kate

Accounting 95/100

Aishwarya Jadhav

Accounting 93/100
STEP's Foundation Commerce Coaching Classes



Ghole Road, off F C Road
Deccan, Pune 411004

mail@stepsfoundation.in