The International Commerce Olympiad (ICO) is conducted by the Commerce Teachers’ Foundation (CTF) in order to offer the professional excellence of the commerce teachers’ fraternity to the education world.

What is ICO?

• The International Commerce Olympiad (ICO) is conducted by the Commerce Teachers’ Foundation (CTF), which is primarily a non-profit and voluntary organization.
• It was started with the sole aim of offering professional excellence of the commerce teachers’ fraternity to the education world.
• In the year 2007, the Commerce Teachers' Association got registered under the Societies Registration Act as a Delhi based organization. But later on, they decided to expand and cater to the needs of the teachers and students across India and overseas.
• Eventually, the Commerce Teachers' Foundation was registered as a national organization.
• The CTF works hard towards identifying talent in Commerce subjects and offering an open platform of competition to young students.
• It also helps children get familiar with competitive exams as more often than not, they get exposure to exams, such as the BBA or CPT, conducted by the Institute of Chartered Accountants of India, only after school.,
• The ICO is held across all CBSE affiliated schools every year for classes 11 and 12.

How to apply

Eligibility Criteria for ICO

• All students from Class 11 and 12 are eligible to appear for the International Commerce Olympiad.
• The CTF does not accept less than 20 entries from the school, and there needs to be 10 each from Class 11 and 12 or 20 from a single class (in case one of the classes is participating).
• The foundation does not have any other eligibility criteria like minimum marks for the exam.

Registration for ICO

• You need to register online on the official website for enrolling for the Olympiad.
• Once the registration is done, an SMS confirmation is sent to the registered mobile number.
• For filling up the details of the school, you need to login by entering your registered email id and opted password.
• You need to fill up information about your teachers (Accountancy & Business Studies) for the certificates maximum limit: 7
• Fill up details like: name, class and mobile number.
• Download the total list of students submitted in the form and keep for future reference.
• Make the requisite payments
• Take a printout of the receipt and other forms.
• Send the printouts of the copies that are duly attested by the Principal along with draft or proof of payment.

Exam dates for ICO

Update as soon as possible.

Syllabus for ICO

Class 11 Accountancy

Part A

Unit 1: Theoretical Framework for Accounting:

Part B

Unit 2: Accounting Process and Special 18 Accounting Treatment: (Excluding Depreciation, Provision & Reserves, B/E)

Part C (Optional)

Unit 3: Financial Statements of Sole Proprietorship: From Complete Records only (with Adjustments)

Class 12 Accountancy

Part A: Accounting for Partnership Firms and Companies

Part B: Financial Statement Analysis

Class 11 Business Studies

Part A: Principles and Functions of Management

Part: B Business Finance and Marketing

Class 12 Business Studies

Part A: Foundations of Business

Part B: Finance and Trade

7. Sources of Business Finance

Exam Pattern for ICO

How to prepare

Preparation Tips for ICO

• Practice is the key: Practice as much as you can. 70% of your ICO preparation comprises of practice. Agarwal offers over 3.5 lakh questions in our question bank to help you learn and strengthen concepts in each chapter.
• Take All-India Level mock tests: Give time-bound mock tests in a completely exam-like environment to improve your efficiency at attempting questions. Agarwal offers an All-India Test Series that lets you compete with other students from all over India.
• Clear all your doubts: Don't get stuck with doubts. Discuss and clarify them with Subject Experts at Agarwal to get an instant reply.
• Study from the best sources: NCERT and several recommended books for ICO are the minimum resources you need. Agarwal offers the best study material from all over the web to help you prepare better.
• Revision is important: When you go through a formula or concept, maintain revision notes in the form of bullet points. Revision will be useful when the exam is close and a good revision pattern will take less time. Normally, without these notes, you would have to go through the entire chapter to understand important points once again.