Syllabus : CBSE Syllabus of Accountancy for Class 12 For March
CLASS XII ACCOUNTANCY
Part A : Accounting for not for Profit Organisations, Partnership Firms
1. Accounting for not for profit organizations. 10
2. Accounting for Partnership Firms 05
3. Reconstitution of Partnership 20
4. Accounting for Share Capital and Debenture 25
Part B: Financial Statement Analysis.
5. Analysis of Financial statements 12
6. Cash Flow Statement 08
7. Project Work 20
Part C: Computerized Accounting.
5. Overview of Computerized System 05
6. Accounting using Db Management System (DBMS) 08
7. Accounting Applications of Electronic Spread sheet 07
8. Practical Work in Computerized Accounting 20
Unit 1: Accounting for
Not-For-profit Organisations (Periods 22)
Accounting for Not-For-Profit Organisations, Partnership, Firms and Companies.
Not for profit organisation: Meaning and
Receipts and payments: Meaning and concept of fund based accounting.
Preparation of Income and Expenditure Account and Balance Sheet from Receipt and
Payment Account with additional information.
Unit 2: Accounting for
Partnership firms (Periods 14)
Unit 3: Reconstitution
of Partnership (Periods 34)
Nature of Partnership firm: Partnership
Final Accounts of Partnership: Fixed vs Fluctuating Capital, Division of Profit
among partners, Profit and Loss Appropriation Account.
Changes in Profit Sharing Ratio among the
existing partners-Sacrificing Ratio and Gaining Ratio.
Accounting for Revaluation of Assets and Liabilities and distribution of
reserves and Accumulated Profits.
Goodwill: Nature, Factors affecting and methods of valuation: Average profit,
Super profit and Capitalisation methods.
Admission of a Partner: Effect of Admission of Partner, Change in Profit Sharing
Ratio, Accounting Treatment for Goodwill, Revaluation of Assets and Liabilities,
Reserves (accumulated Profits) and Adjustment of Capitals.
Retirement/Death of a Partner: Change in Profit Sharing ratio, accounting
treatment of Goodwill, Revaluation of Assets and Liabilities, Adjustment of
accumulated Profits (Reserves) and capitals.
Unit 4: Accounting for Share Capital and Debenture
Share Capital: Meaning, Nature and Types.
Accounting for share capital: Issue and Allotment of Equity and Preference
Shares; Private placement of shares, meaning of employee stock option plan,
public subscription of shares; over subscription and under subscription; issue
at par, premium and at discount; calls in advance, calls in arrears, issue of
shares for consideration other than cash.
Forfeiture of shares: accounting treatment, re-issue of forfeited shares.
Part B: Financial Statement Analysis
Unit 5: Analysis of Financial Statements (Periods 33)
Presentation of Share Capital and Debenture in companyfs Balance Sheet.
Issue of debenture-at par and premium; issue of debenture for consideration
other than cash.
Redemption of debenture.
Out of proceeds of fresh issue, accumulated profits and sinking fund.
Financial Statements of a Company: preparation
of simple balance sheet of a company in the prescribed form with major headings
Financial Statement Analysis: meaning, significance and purpose, limitations,
Tools for Financial Statement Analysis: Comparative Statements, Common Size
Accounting Ratios: meaning and objectives,
types of ratios:
Current Ratio, Liquidity Ratio
Debt to Equity, Total Assets to Debt, Proprietary Ratio
Inventory Turnover, Debtors Turnover, Payables Turnover,
Working Capital Turnover, Fixed Assets Turnover, Current Assets Turnover
Gross Profit, Operating Ratio, Net Profit Ratio,
Return on Investment, Earning Per Share, Dividend per Share, Profit Earning
Unit 6: Cash Flow
Statement (Periods 33)
Cash Flow Statement: Meaning and objectives,
preparation, adjustments related to depreciation, dividend and tax, sale and
purchase of non-current assets (as per revised standard issued by ICAI)
Unit 7: Project Work in
Accounting (Periods 18)
Part C: Computerised Accounting (Periods 84)
Unit 5: Overview of
Computerized Accounting System (Periods 12)
Concept and types of Computerised Accounting
Features of a Computerized Accounting System
Structure of a Computerised Accounting System
Unit 6: Accounting
using Database Management System (DBMS) (Periods 26)
Concept of DBMS Objects in DBMS: Tables,
Queries, Forms, Reports
Creating data tables for accounting
Using queries, forms and reports for generating accounting information.
Applications of DBMS in generating accounting information such as shareholdersf
records, sales reports, customersf profile, suppliersf profile, payroll,
employeesf profile, petty cash register.
Unit 7: Accounting
Applications of Electronic Spreadsheet (Periods 24)
Concept of an Electronic Spreadsheet (ES)
Features offered by Electronic Spreadsheet
Applications of Electronic Spreadsheet in generating accounting information,
preparing depreciation schedule, loan repayment schedule, payroll accouning and
other such applications.
Unit 8: Practical Work in Computerised Accounting
Note: Students can opt any one from Part-B or Part-C. Part-A is compulsory.
(Class 12th) Other Syllabus :-