STEP's Foundation Commerce Coaching

XII (HSC) (12th) Commerce Coaching


About 12th (HSC) Commerce Streem

Today Commerce stream is a very popular choice among students. XII or HSC commerce is an important land mark in student's academic journey.

Second year of junior college is a stepping stone in student's academic year, as marks of 12th are crucial for admission to first year of Graduation. HSC 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.

12th (HSC)(XII) Commerce Maharastra State Board

FAQ about 12th Commerce; syllabus, Pattern, Coaching, etc.

  • Subjects avaliable for 12th (HSC) commerce

    1 English

    2 Environment Education

    3 Health and Physical Education

    4 Information Technology
    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

    Secretarial Practice

    6 Economics

    7 Book-keeping and Accountancy

    8 Organization of Commerce and Management

  • Book-keeping and Accountancy

    1. Introduction to Partnership
    1.1 Meaning and definitions
    1.2 The Indian partnership Act 1932
    1.3 Methods of capital accounts
    i) Fixed Capital Method
    ii) Fluctuating Capital Method

    2. Partnership Final Accounts
    2.1 Introduction and Necessity of preparation of Final Accounts with following adjustments.
    a. Closing stock
    b. Outstanding expenses
    c. Prepaid expenses
    d. Income received in advance
    e. Income receivable
    f. Bad debts
    g. Provision for doubtful debts
    h. Reserve for discount on debtors and creditors
    i. Depreciation
    j. Interest on capital, drawings and loans
    k. Interest on investment and loans
    l. Goods destroyed by fire/ accident (insured / uninsured)
    m. Goods stolen
    n. Goods distributed as free samples
    o. Goods withdrawn by partners
    p. Unrecorded purchases and sales
    q. Capital expenditure included in revenue expenses and vice-versa
    r. Bills Receivable dishonored
    s. Bills payable dishonored
    t. Deferred expenses
    u. Capital receipts included in revenue. Receipts and vice-versa
    v. Commission to working partner/ Managers on the basis of Gross profit, Net profit, sales, etc.

    3. Reconstitution of Partnership
    3.1 Meaning and different ways of reconstitution
    3.2 Admission of a partner
    3.2.1 Meaning and Need
    3.2.2 Capital brought by new partner
    3.2.3 New profit sharing ratio
    3.2.4 Sacrifice ratio
    3.2.5 Goodwill - Meaning, Methods of valuation and treatment of goodwill.
    i) Average profit method
    ii) Super profit method
    3.2.6 Adjustment of accumulated profits and losses.
    3.2.7 Revaluation of assets and liabilities
    3.2.8 Adjustment of capitals
    3.3 Retirement / Death of a partner
    3.3.1 Meaning, need
    3.3.2 New ratio
    3.3.3 Gain ratio
    3.3.4 Treatment of goodwill
    3.3.5 Adjustment of accumulated profits and lossess
    3.3.6 Revaluation of assets and liabilities
    3.3.7 Adjustment of capital
    3.3.8 Amount due to retiring parter
    3.3.9 Death of partner

    4. Dissolution of Partnership Firm
    4.1 Simple dissolution
    4.2 Dissolution under Insolvency situation

    5. Accounts of Not for Profit concerns
    5.1 Introduction, meaning and features of Not for Profit concerns.
    5.2 Receipts and Payments Account meaning and features. Distinction between Income and Expenditure account.
    5.3 Preparation of Income and Expenditure Account and Balance Sheet with the following
    a) Additional Information
    1. Outstanding expenses and prepaid expenses of the current and previous year
    2. Accrued income and income received in advance
    3. Subscription received in advance and Subscription outstanding of the current and previous year
    4. Depreciation
    5. Capitalisation of entrance fees.
    6. Creation of special funds out of donations
    7. Stock of stationery
    8. Opening balances of assets and liabilities
    b) Important Items
    Entrance fees, Subscriptions, Legacy, life membership fees, Sale of old assets, Scrap, Newspapers, Specific donation, General Donations, Specific Funds, Endowment fund

    6. Single entry system
    6.1 Introduction
    _ Meaning of single entry system.
    _ Difference between single entry and double entry system.
    6.2 Preparation of statements
    6.3 Additional information.
    _ Additional capital
    _ Drawings
    _ Depreciation on fixed Asset
    _ Bad Debts
    _ Reserve for Doubtful Debts
    _ Undervaluation and Overvaluation of Assets and Liabilities
    _ Interest on loan
    _ Interest on capital
    _ Interest on Drawings
    _ Partners salary
    _ Outstanding / Unpaid expenses
    _ Prepaid Expenses/ Expenses paid in advance.

    7. Bill of Exchange (Only Trade Bill)
    7.1 Introduction, necessity, Meaning, Definition of Bill of Exchange
    7.2 Draft/format of Bills, Parties to the Bill of Exchange, Acceptance of Bill, Terms of Bill, Days of Grace, Date of maturity, Due Date, Types of Bill
    7.3 Honouring of Bill, Dishonour of Bill, Noting and Protesting of Bill, Notary Public and Noting Charges
    7.4 Accounting Treatment of Bill by the Drawer/Holder and Drawee in
    following cases
    a) Retaining the Bill till due date. honour/dishonour, insolvency of the
    drawee/ acceptor
    b) Endorsement of the Bill, Honour/ dishonour and also insolvency of acceptor
    c) Discounting the Bill with the Bank honour/dishonour and insolvency.
    d) Sending the Bill to the Bank for collection, honour/ dishonour and insolvency
    e) Renewal of Bill-Reasons for Renewal of the Bill. Renewal of Bill with or without charging interest
    f) Making part payment of basic amount, interest and noting charges and drawing of new Bill
    g) Honour/dishonour of New Bill
    h) Insolvency of the acceptor and settlement of his account
    i) Retirement of Bill
    j) Journal Entries and Ledger

    8. Company Accounts Part-I Accounting for shares
    8.1 Share and share capital, Meaning, Nature and Types
    8.2 Accounting for Share Capital: Issue and Allotment of Equity Shares.
    Private placement of shares. Public subscription of shares. Over
    subscription and Under subscription of shares. Issue at Par and premium, and at discount, Calls in advance in arrears, Issue of shares for
    consideration other than cash
    8.3 Accounting treatment of forfeiture and re-issue
    8.4 Disclosure of Share capital in Company's Balance Sheet (Horizontal form)

    9. Company Accounts Part-II Accounting for Debentures
    9.1 Debentures : Meaning, Issue of debentures at par, at premium and at discount
    9.2 Issue of debentures for consideration other than cash. Interest on Debentures

    10. Analysis of financial statements
    10.1 Financial statement Analysis: meaning, objectives and limitations
    10.2 Tools for financial statement Analysis-meaning of comparative statements, common size statements, cash flow analysis, and Ratio analysis
    10.3 Accounting Ratios : Meaning objectives and classification of Ratios
    10.4 Introductions to current ratio, liquid ratio, Gross profit ratio, operating profit ratio and Net profit ratio. ROI, ROCI

  • Economics

    Section A: Micro Economics

    1. Introduction to Micro Economics
    2. Consumers behavior
    3. Demand
    a. Analysis of Demand
    b. Elasticity of Demand
    4. Analysis of Supply
    5. Types of Market & Price determination under Perfect competition
    6. Factors of Production

    Section B: Macro Economics

    7. Introduction to Macro Economics
    8. National Income
    9. Determinants of Aggregates
    10. Money
    11. Commercial Bank
    12. Central Bank
    13. Public Economics

  • Organization of Commerce and Management

    UNIT-1 Forms of business organizations
    _ Sole proprietorship, Joint Hindu Family Business; meaning, features, merits and demerits.
    _ Partnership; meaning, types, registration, merits, limitations, types of partners.
    _ Co-Operative societies; types, merits and limitations.
    _ Company; Private Ltd, Public Ltd: merits, limitations.
    _ Starting a business; Basic factors.
    _ Choice of forms of business organizations.

    UNIT-2 Business services
    _ Nature and types of Business services;
    Banking, Insurance, Transportation, Warehousing, communication.
    _ Banking; types of banks, functions of commercial banks, E-banking.
    _ Insurance; principles & types of life, fire, marine insurances.
    _ Postal and Telecom services.
    _ Warehousing; types and functions.
    _ Transport; meaning, role, means.

    UNIT -3 Emerging modes of Business
    _ E - business ; Meaning, Scope and benefits. Resource required for successful
    E-Business implementation. On-line transactions, payment mechanism.
    _ Security and safety of business transactions.
    _ Outsourcing ; Concept, need and scope.

    UNIT-4 Social Responsibilities of business and business ethics.
    _ Concept of social responsibility.
    _ Cases for social responsibility.
    _ Responsibility towards different interest groups, owners, investors, employees, consumers, government, community, public in general.
    _ Business ethics; concept and elements.
    _ Business and environmental protection.

    UNIT-5 Consumer protection
    _ Importance of consumer protection.
    _ Rights of consumers
    _ Consumer responsibilities.
    _ Ways and means of consumer protection.
    _ Consumer awareness and legal redressal with special reference to Consumer Protection Act.
    _ Role of Consumer Organization and NGOS.

    UNIT-6 Principles of Management
    _ Principles of Management ; meaning, nature and significance. _ Fayol's Principles of Management. _ Taylor's scientific management; Principles and Techniques.

    UNIT-7 Functions of Management
    _ Planning ; Meaning, Nature, Importance.
    _ Organizing ; Meaning, Nature, Importance.
    _ Staffing ; Meaning, Nature, Importance.
    _ Directing ; Meaning, Nature, Importance.
    _ Controlling ; Meaning, Nature, Importance.
    _ Coordinating ; Meaning, Nature, Importance.

    UNIT-8 Entrepreneurship Development
    _ Concept, Functions and Need.
    _ Entrepreneurship: Characteristics and Competencies.
    _ Process of entrepreneurship development.
    _ Entrepreneurship Values: Attitudes and Motivation- Meaning and concept.

  • Secretarial Practice

    UNIT-1 Business Finance
    _ Business Finance ; Meaning, role, objectives of financial management.
    _ Financial planning ; Meaning and importance.
    _ Capital structure ; Meaning and factors.
    _ Fixed and working capital ; Meaning and factors affecting their requirements.

    UNIT-2 Sources of Business Finance
    _ Nature and significance: Financial requirements and sources.
    _ Methods of raising finance
         Equity and preference shares
         Debentures and Bonds
         Retained profits
         Public deposits
         Loan from commercial banks
         Loan from financial institutions
         Trade credit
         Discounting of bills of Exchange
         Global Depository Receipt, American Depository Receipt

    UNIT-3 Role of a Secretary in the Capital Formation Part I
    _ Meaning of issue of shares at par, premium and discount, at bid price
    _ Meaning of Initial public offer.
    _ Meaning of bonus issue
    _ Meaning of rights issue
    _ Meaning of Employee stock option scheme
    _ Meaning of private placement.
    _ Issue of shares : procedure
    _ Allotment : Meaning, conditions for valid allotment, procedure
    _ Transfer and Transmission of shares : Meaning, provisions, procedure, difference.
    _ Issue of share certificate and share warrant: Meaning, provisions, procedure, difference.

    UNIT-4 Role of a Secretary in the Capital Formation Part II
    _Issue of debentures : procedure, conversion and redemption of debentures
    _ Deposits : invitation, acceptance, renewal, repayment, default and remedies
    _ Depositories and dematerialization of securities : meaning, importance, procedure, secretarial duties in issuing securities in dematerialized form

    UNIT-5 Declaration and payment of dividend
    _ Meaning
    _ Provisions related to ascertainment of dividend, declaration of dividend and payment of dividend.
    _ Procedure of payment of dividend.
    _ Provisions regarding unpaid / unclaimed dividend
    _ Interim and final dividend : Meaning and difference

    UNIT-6 Correspondence of company secretary with members, debenture holders and depositors
    _ Allotment of shares
    _ Regret letter
    _ Lodgement notice
    _ Approval / Refusal of Transfer of shares
    _ Issue of bonus shares
    _ Distribution of dividend : notice
    _ Allotment of debentures
    _ Redemption of debentures
    _ Conversion of debentures into shares
    _ Payment of interest on debentures
    _ Letter thanking the investor for deposits
    _ Payment of interest (Basic information of TDS to be given)
    _ Renewal of deposits
    _ Repayment of deposits

    UNIT -7 Financial markets
    _ Concept of Financial market
    _ Money market : nature, instruments.
    _ Capital market- nature and constituents ; primary and secondary market.
    _ Distinction between capital market and money market.
    _ Stock Exchange : meaning, functions, BSE, NSEI, Trading procedure.
    _ Securities Exchange Board of India (SEBI) objectives, functions.

  • Mathematics & Statistics

    PART - 1

    1. Mathematical logic
    1.1 Statements
    1.2 Logical Connectives
    1.3 Statement patterns and logical equivalence
    1.4 Algebra of statements
    1.5 Venn diagrams

    2. Matrices
    2.1 Definition of complex number - 2.1 Definition and types of matrices
    2.2 Algebra of matrices
    2.3 Inverse of a matrix
    2.4 Solution of equations

    3. Continuity
    3.1 Continuity of a function at a point

    4. Differentiation
    4.1 Derivative of Inverse function
    4.2 Logarithmic Differentiation
    4.3 Derivative of implicit function
    4.4 Derivative of parametric function
    4.5 Second order derivative

    5. Applications of Derivative
    5.1 Increasing and decreasing functions
    5.2 Maxima and minima

    6. Indefinite Integration
    6.1 Definition of an integral
    6.2 Integral of standard functions
    6.3 Rules of Integration
    6.4 Methods of Integration
    6.5 Integration by parts

    7. Definite Integrals
    7.1 Definite Integral
    7.2 Properties
    7.3 Applications

    PART - 2

    1. Ratio, Proportion and Partnership
    1.1 Ratio, proportion and partnership

    2. Commission, Brokerage and Discount
    2.1 Commission and Brokerage
    2.2 Discount

    3. Insurance and Annuity
    3.1 Insurance
    3.2 Annuity

    4. Demography
    4.1 Introduction, Definition
    4.2 Uses of vital statistics
    4.3 Measurements of Mortality
    4.4 Life tables

    5. Bivariate Data and Correlation
    5.1 Bivariate frequency distribution
    5.2 Karl Pearson?s coefficient of correlation
    5.3 Rank correlation

    6. Regression Analysis Introduction
    6.1 Equation of line of regression
    6.2 Regression coefficients and their properties

    7. Random Variable and Probability Distribution
    7.1 Definition and types of random variables
    7.2 Probability Distribution of a Discrete Random Variable
    7.3 Probability Distribution of a Continuous Random Variable
    7.4 Binomial Theorem
    7.5 Binomial Distribution
    7.6 Poisson Distribution
    7.7 Normal Distribution

    8. Management Mathematics
    8.1 Inequations
    8.2 Linear Programming Problem
    8.3 Assignment Problem
    8.4 Sequencing

  • Since STEP's Foundation is the popular choice of Parents and Students, there is a rush for admission as soon as XI (11th) exams are over. Our regular batch for class 12th (HSC) starts from First week of April, 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.

About Us

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

At STEP's Foundation we offer subject coaching for 11th / 12th Commerce,, 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.
Commerce Coaching for 12th (XII) (HSC) Commerce, Covering Subjects: Bookkeeping & Accountancy, Mathematics & Statistics, Economics, Secretarial Practice (S.P.) & Organization of Commerce and Management (O.C.M.)

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.

Admission Open

Confirm your seat today !

Call us: +91 837 897 0762

Our Topper's

Just to name a few!

Atharva Shirke

1st Rank 12th (HSC)

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

Deccan Branch
3rd Floor, Chandrashil Building,
Ghole Road, off F C Road,
Next to Hotel Surya,
Deccan, Pune 411004

Sinhagad Road Branch
1st Floor, Prasad Chambers,
Hingane Chowk, Hingane Khurd
Sinhagad Road,
Pune 411051.