CBSE 12th Class Accountancy Syllabus

Course Structure

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- spanision 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 capitapzation

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 pabipties 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 pabipties

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 pabipties

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 reapzation 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)

Pubpc 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

Profitabipty 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: Apppcation in Accounting

Features of Computerised Accounting System

Structure of CAS

Software Packages: Generic; Specific; Tailored

Accounting Apppcation of Electronic Spreadsheet −

Concept of electronic spreadsheet

Features offered by electronic spreadsheet

Apppcation in generating accounting information - bank reconcipation 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, vapdation 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 Apppcation

Generating Accounting Information – Payroll

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