CBSE Syllabus for Class 12 Accountancy 2023 For Term 1 & Term 2 | Download Term Wise Syllabus PDF

Term-Wise CBSE Class 12 Accountancy Syllabus 2023-24: The CBSE Class 12 Accountancy Syllabus focuses on improving a fundamental understanding of the nature and purpose of accounting information, as well as its application in business operations. It improves logical reasoning, analytical skills, and judgmental potential among the students. Class 12 Accountancy includes a variety of examples to assist students to understand and learn concepts quickly. Here we are providing a complete guide on CBSE Class 12 Accountancy Syllabus 2023.

• Download CBSE Class 12 Syllabus for All Subjects

CBSE Class 12 Accountancy Syllabus 2023 For Term 1 & Term 2

Students can access the CBSE Accountancy Syllabus for Class 12 for the academic year 2023-24 by clicking the link provided below.

Download CBSE Class 12 Accountancy Syllabus 2023-24

Term 1 CBSE Class 12 Accountancy Syllabus 

Part A

Unit: Accounting for Partnership Firms Units/Topics

• Partnership: features, Partnership Deed.
• Provisions of the Indian Partnership Act 1932 in the absence of a partnership deed.
• Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation account- a division of profit among partners, a 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

• 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 o goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment of reserves, and accumulated profits.

Note: (i) The realized value of each asset must be given at the time of dissolution. (ii) In case, the realization expenses are borne by a partner, a clear indication should be given regarding the payment thereof.

Unit-3 Accounting for Companies

Accounting for Share Capital

• Share and share capital: nature and types.
• Accounting for share capital: issue and allotment of equity and preference shares. Public subscription of shares – over subscription and under subscription of shares; the issue at par and premium, call in advance and arrears (excluding interest), issue of shares for consideration other than cash.
• Concept of Private Placement and Employee Stock Option Plan (ESOP).
• Accounting treatment of forfeiture and reissue of shares.
• Disclosure of share capital in the Balance Sheet of a company.

Part B: Financial Statement Analysis

Unit: 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 subheadings (as per Schedule III to the Companies Act, 2013)

• Financial Statement Analysis: Objectives, importance, and limitations.
• Tools for Financial Statement Analysis: Comparative statements, common-size statements, cash flow analysis, ratio analysis.
• Accounting Ratios: Meaning, Objectives, classification, and Computation.
• Liquidity Ratios: Current ratio and Quick ratio.
• Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio, and 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.

OR

Part B: Computerised Accounting

Unit: 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 the 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.

Term 2 CBSE Class 12 Accountancy Syllabus

Part – A

Unit: Accounting for Not – For Profit Organisations

• Not-for-profit organizations: concept.
• Receipts and Payments Account features and preparation.
• Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information.

Unit: Accounting for Partnership Firms

Accounting for Partnership firms – Reconstitution and Dissolution

• Retirement and death of a partner: effect of retirement/death of a partner on change in profit sharing ratio, treatment of goodwill, treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits and reserves, and preparation of balance sheet.
• Calculation of deceased partner’s share of profit till the date of death.

Dissolution of a partnership firm: meaning of dissolution of partnership and 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 – Accounting for Companies

Accounting for Debentures

• Debentures: Issue 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. Writing off discount/loss on the issue of debentures.

Part – B:

Unit: Analysis of Financial Statements

Financial statements of a Company

• Tools for Financial Statement Analysis: Comparative statements, common-size statements.

Unit: Cash Flow Statement

• Meaning, objectives, and preparation (as per 3 (Revised) (Indirect Method only)

OR

Part B: Computerised Accounting

Unit: Computerised Accounting

Using a Computerized Accounting System

• Steps in the installation of CAS, codification, Hierarchy of account heads, and 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.

CBSE Class 12 Accountancy Syllabus 2023-24: Accounts Project Class 12

From session 2020-21 onwards, there would be only ONE project (specific) to be prepared.

1. Collection of source documents, preparation of vouchers, and recording of transactions with the help of vouchers.
2. Comprehensive project of any sole proprietorship business. This may be stated with journal entries and their lingering, and preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes, profit (loss), assets, and liabilities are to be depicted using a pie chart/bar diagram.

Note: Kindly refer to the related Guidelines published by the CBSE.

Term-Wise Accounts Class 12 Marks Distribution 2023-24

Below you can find the marks distribution for the accountancy syllabus for Terms 1 and 2.

Term 1 CBSE Class 12 Accountancy Marks Distribution 2023-24

Accountancy (Code No. 055) Class-XII (2023-24)

Theory: 40 Marks
Duration: 90 minutes

Units	Term 1 (MCQ-Based Question Paper)	Marks
Part A	Accounting for Partnership Firms
1	Fundamentals	18
2	Change In Profit Sharing Ratio
3	Admission Of A Partner
1	Company Accounts: Accounting For Shares	12
Part B	Analysis of Financial Statement
	Financial Statement of a Company (i) Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and subheadings (as per Schedule III to the Companies Act, 2013) (ii) Tools of Analysis – Ratio Analysis	10
	Accounting Ratios
OR
	Computerized Accounting	10
	Overview 0f Computerised Accounting System Accounting Application of Electronic Spreadsheet
	Total Theory	40
	Project Work (Part -1)	10
	Total Mark	50

Term 2 CBSE Class 12 Accountancy Marks Distribution 2023-24

Accountancy (Code No. 055) Class-XII (2023-24)

Theory: 40 Marks

Download Chapter-Wise NCERT Textbooks For CBSE Class 12 Accountancy 2023-24

You can download the complete Chapter-wise NCERT Textbook for Class 12 Accountancy in Hindi and English Medium from the links below.

Download Chapter-Wise Class 12 NCERT Textbooks PDF for Accountancy For English Medium

NCERT Accounting subject is divided into two parts.

• Part I is based on basic concepts like Partnership, Contract, or Organisational Dissolution, etc.
• On the other hand, Part II has topics like Share Capital, Debentures, Cash Flow Statements, etc.

Chapter-wise NCERT Accountancy Book Part 1 for Class 12 in English

• Chapter 1: Accounting for Not-for-Profit Organisation
• Chapter 2: Accounting for Partnership: Basic Concepts
• Chapter 3: Reconstitution of a Partnership Firm – Admission 112 of a Partner
• Chapter 4: Reconstitution of a Partnership Firm – 172 Retirement/Death of a Partner
• Chapter 5: Dissolution of Partnership Firm

Chapter-wise NCERT Accountancy Book Part 2 for Class 12 in English

• Chapter 1: Accounting for Share Capital
• Chapter 2: Issue and Redemption of Debentures
• Chapter 3: Financial Statements of a Company
• Chapter 4: Analysis of Financial Statement
• Chapter 5: Accounting Ratios
• Chapter 6: Cash Flow Statement

Download Chapter-Wise Class 12 NCERT Textbooks PDF for Accountancy For Hindi Medium

Here we are providing the chapter-wise NCERT Accountancy Textbooks based on the latest CBSE Class 12 Syllabus PDF. You can read it online or download it easily.

Chapter-wise NCERT Accountancy Book Part 1 for Class 12 in Hindi

• Chapter 1: अलाभकारी संस्थाओं के लिए लेखांकन
• Chapter 2: साझेदारी लेखांकन – आधारभूत अवधारणाएं
• Chapter 3: साझेदारी फर्म का पुनर्गठन: साझेदार का प्रवेश
• Chapter 4: साझेदारी फर्म का पुनर्गठन: साझेदार की सेवानिवृत्ति / मृत्यु
• Chapter 5: साझेदारी फर्म का विघटन

Chapter-wise NCERT Accountancy Book Part 2 for Class 12 in Hindi

• Chapter 1: अंशपूँजी के लिए लेखांकन
• Chapter 2: ऋणपत्रों का निर्गम एवं मोचन
• Chapter 3: कंपनी के वित्तीय विवरण
• Chapter 4: वित्तीय विवरणों का विश्लेषण
• Chapter 5: लेखांकन अनुपात
• Chapter 6: रोकड़ प्रवाह विवरण

We have covered the detailed guide on the CBSE Class 12 Accountancy Syllabus 2022. Feel free to ask any questions in the comment section below.

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