CBSE 12th Class Accountancy Syllabus

Course Structure

Parts/Units Topics Marks
Part A Accounting for Partnership Firms & Companies 60
Unit 1 Accounting for Partnership Firms 35
Unit 2 Accounting for Companies 25
Part B Financial Statement Analysis 20
Unit 3 Analysis of Financial Statements 12
Unit 4 Cash Flow Statement 8
Part C Project Work 20
Part B Computerized Accounting 20
Unit 3 Computerized Accounting
Part C Project Work 20
Total 100

Course Syllabus

Part A: Accounting for Partnership Firms and Companies

Unit 1: Accounting for Partnership Firms

  • Partnership −

    • Features

    • Partnership Deed

  • Provisions of the Indian Partnership Act 1932 in the absence of partnership deed

  • Fixed v/s fluctuating capital accounts

  • Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits

  • Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio)

  • Goodwill − nature, factors affecting and methods of valuation - average profit, super profit and capitalization

Accounting for Partnership firms - Reconstitution and Dissolution

  • Change in the Profit Sharing Ratio among the existing partners −

    • Sacrificing ratio

    • Gaining ratio

    • Accounting for revaluation of assets and reassessment of liabilities and treatment of reserves and accumulated profits

    • Preparation of revaluation account and balance sheet

  • Admission of a partner −

    • Effect of admission of a partner on change in the profit sharing ratio

    • Treatment of goodwill (as per as 26)

    • Treatment for revaluation of assets and reassessment of liabilities

    • Treatment of reserves and accumulated profits

    • Adjustment of capital accounts and preparation of balance sheet

  • Retirement and death of a partner −

    • Effect of retirement / death of a partner on change in profit sharing ratio

    • Treatment of goodwill (as per as 26)

    • Treatment for revaluation of assets and reassessment of liabilities

    • Adjustment of accumulated profits and reserves

    • Adjustment of capital accounts and preparation of balance sheet

    • Preparation of loan account of the retiring partner

    • Calculation of deceased partner’s share of profit till the date of death

    • Preparation of deceased partner’s capital account

    • executor’s account and preparation of balance sheet

  • Dissolution of a partnership firm −

    • Types of dissolution of a firm

    • Settlement of accounts - preparation of realization account, and other related accounts

    • Capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s))

Unit-2 Accounting for Companies

Accounting for Share Capital

  • Share and share capital −

    • Nature

    • Types

  • Accounting for share capital −

    • Issue and allotment of equity shares

    • Private placement of shares

    • Employee Stock Option Plan (ESOP)

    • Public subscription of shares - over subscription and under subscription of shares

    • Issue at par and at premium

    • Calls in advance and arrears (excluding interest)

    • Issue of shares for consideration other than cash

  • Accounting treatment of forfeiture and re-issue of shares

  • Disclosure of share capital in company’s Balance Sheet.

Accounting for Debentures

  • Debentures −

    • Issue of debentures at par, at a premium and at a discount

    • Issue of debentures for consideration other than cash

    • Issue of debentures with terms of redemption

    • Debentures as collateral security-concept, interest on debentures

  • Redemption of debentures −

    • Lump sum, draw of lots and purchase in the open market (excluding exinterest and cum-interest)

    • Creation of Debenture Redemption Reserve

Part B: Financial Statement Analysis

Unit 3: Analysis of Financial Statements

  • Financial statements of a company −

    • Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and sub headings (as per Schedule III to the Companies Act, 2013)

  • Financial Statement Analysis −

    • Objectives

    • Importance

    • Limitations

  • Tools for Financial Statement Analysis −

    • Comparative statements

    • Common size statements

    • Cash flow analysis

    • Ratio analysis

  • Accounting Ratios −

    • Objectives

    • Classification

    • Computation

  • Liquidity Ratios −

    • Current ratio

    • Quick ratio

  • Solvency Ratios −

    • Debt to Equity Ratio

    • Total Asset to Debt Ratio

    • Proprietary Ratio

    • Interest Coverage Ratio

  • Activity Ratios −

    • Inventory Turnover Ratio

    • Trade Receivables Turnover Ratio

    • Trade Payables Turnover Ratio and Working Capital Turnover Ratio

  • Profitability Ratios −

    • Gross Profit Ratio

    • Operating Ratio

    • Operating Profit Ratio

    • Net Profit Ratio and Return on Investment

Unit 4: Cash Flow Statement

  • Meaning
  • Objectives
  • Preparation (as per AS 3 (Revised) (Indirect Method only)

Part B: Computerised Accounting

Unit 3: Computerised Accounting

  • Overview of Computerised Accounting System −

    • Introduction: Application in Accounting

    • Features of Computerised Accounting System

    • Structure of CAS

    • Software Packages: Generic; Specific; Tailored

  • Accounting Application of Electronic Spreadsheet −

    • Concept of electronic spreadsheet

    • Features offered by electronic spreadsheet

    • Application in generating accounting information - bank reconciliation statement; asset accounting; loan

    • repayment of loan schedule, ratio analysis

    • Data representation - graphs, charts and diagrams

  • Using Computerized Accounting System

    • Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts

    • Data − Entry, validation and verification

    • Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries

    • Need and security features of the system

  • Database Management System (DBMS)

    • Concept and Features of DBMS

    • DBMS in Business Application

    • Generating Accounting Information – Payroll

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