CBSE Class 12th Accountancy Syllabus 2018-19 Units, Chapters & Topics

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CBSE Class 12th Accountancy Syllabus 2018-2019 Chapters, Topics and other details has been given in this article. If you are searching for CBSE Class 12th Syllabus  of Accountancy subject for the academic year 2018-19, then you’ve landed in right place. Download CBSE Accountancy Class XII Syllabus 2018-19 pdf. Given CBSE Syllabus of Accountancy subject is officially released by the Central Board of Secondary Education (CBSE) for the year 2018 and 2019. Below you can find latest updates regarding CBSE Accountancy Class 12th Syllabus, Chapters, Topics and Unit Weightage.

Download CBSE Class 12th Accountancy Syllabus 2018

  • Accounting for Not-for-Profit Organizations, Partnership Firms and Companies
  • Financial Statement Analysis
  • Project Work (or)
  • Computerized Accounting
  • Practical Work
Click Here Download the Class 12th  Accountancy Syllabus PDF

CBSE Class 12th Accountancy Syllabus & Marks Weightage

Units  Chapters Marks 
Part A  Accounting for Partnership Firms and Companies 
Unit 1. Accounting for Partnership Firms 35
Unit 2. Accounting for Companies 25
60
Part B Financial Statement Analysis
Unit 3. Analysis of Financial Statements 12
Unit 4. Cash Flow Statement 8
20
Part C Project Work 20
OR
Part B Computerized Accounting
Unit 3. Computerized Accounting 20
Part C Practical Work 20

Time of an examination is 3 hours and the marks is 80

Units & No. of Periods of CBSE Class 12th Accountancy

Subject

  • PART A – Accounting for Not-for-Profit Organizations, Partnership Firms and Companies – (150 Periods)
  • PART B – Financial Statement Analysis – (50 Periods)
  • PARTC – Project Work or
  • PART B – Computerized Accounting – (50 Periods)
  • PART C – Practical Work – (26 Periods)

Chapters & Topics in CBSE Class 12th Accountancy 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.

Note: Interest on partner’s loan is to be treated as a charge against profits.

  • 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 and 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.Concept of Private Placement and Employee Stock Option Plan (ESOP). 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 ex-interest and cum-interest). Creation of Debenture Redemption Reserve.Conversion method.

Note: Related sections of the Indian Companies Act, 2013 will apply.

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 and limitations.
  • Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.
  • Accounting Ratios: 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.

Unit 4: Cash Flow Statement

Meaning, objectives and 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.

Suggested Books:
Financial Accounting -I Class XI NCERT Publication
Accountancy -II Class XI NCERT Publication
Accountancy -I Class XII NCERT Publication
Accountancy -II Class XII NCERT Publication

Following are the posts related to the CBSE Class 12 Syllabus 2018-19

CBSE Students, need not to worry about the CBSE Class XII Accountancy Syllabus 2018-19. In this article, we provided the Accountancy CBSE Class 12th Syllabus along with the details of each and every Unit, chapter and topics. Refer once this article and go for CBSE Class 12 examination preparation. In this article, all the information is completely related to the CBSE Board. Generally CBSE  changes the Accountancy syllabus year to year. So to get new Accountancy syllabus updates, keep follow this page and Don’t forget to share with your friends. They may also know the Accountancy  CBSE Class 12th Syllabus 2018-19.

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