CBSE Class 12 Accounts Syllabus 2024, PDF Download

The CBSE Class 12 Accountancy syllabus 2024 aims to equip students with a strong understanding of fundamental accounting concepts, methodologies, and the latest changes in the preparation and presentation of financial statements. Students who follow this CBSE Class 12 Accounts Syllabus will gain thorough knowledge and practical abilities in accountancy, equipping them for further studies or professional activities in the financial sector

To begin your Accountancy study plan effectively, it is crucial to refer to the CBSE Class 12 Accountancy syllabus provided on Adda’s website. The syllabus outlines the topics and subtopics that students need to cover during their course of study. It acts as a roadmap, helping students stay organized and focused while preparing for their examinations.

CBSE Class 12 Accounts Syllabus 2024

The CBSE Class 12 Accounts Syllabus 2024 includes topics such as partnership accounts, corporate accounts, and financial statement analysis. Partnership accounts themes include partnership creation, partnership account preparation, and partnership dissolution. Topics covered in company accounting include the many types of businesses, the creation of company accounts, and the audit of company accounts. Financial statement analysis subjects include ratio analysis, trend analysis, and graph analysis.

CBSE Class 12 Accountancy Syllabus 2024

The Accountancy syllabus for Class 12 is a thorough and rigorous study. It covers a wide range of topics and requires students to have a solid accounting foundation. The table below consists of CBSE Class 12 Accountancy Syllabus 2023 -24 course structure.

Accountancy Syllabus Class 12 2024

The table below consists of the Question paper design of the CBSE Class 12 Accounts in accordance to the peascribeded syllabus.

Class 12 Accounts Syllabus 2024 Unit-wise

The CBSE Accounts Sykkabus Class 12 2024 is divided into two parts: Part A is Accounting for Partnership Firms and Companies while the name of Part B is Financial Statement Analysis. These two parts are further divided into units and subunits. Check out the Unit Wise Class 12 Accounts Syllabus 2024 is discussed below in detail.

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 a 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: meaning, 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, accumulated profits and losses. 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 re- assessment of liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital accounts and preparation of capital, current account and 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, losses and reserves, adjustment of capital accounts and preparation of capital, current account and 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 and his executor’s account.

• 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 3: Accounting for Companies

Accounting for Share Capital

• Features and types of companies.
• Share and share capital: nature and types.
• Accounting for share capital: issue and allotment of equity and preferences shares.
• 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), Sweat Equity.
• Accounting treatment of forfeiture and re- issue of shares.
• Disclosure of share capital in the Balance Sheet of a company.

Accounting for Debentures

Debentures: Meaning, types, 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 (concept of TDS is excluded). Writing off discount/loss on issue of debentures.

Part B: Financial Statement Analysis

Unit 4: Analysis of Financial Statements

• Financial statements of a Company: 

Meaning, Nature, Uses and importance of financial Statement.

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

Note: Exceptional items, extraordinary items and profit (loss) from discontinued operations are excluded.

• Financial Statement Analysis: Meaning, Significance Objectives, importance andlimitations.
• Tools for Financial Statement Analysis: Comparative statements, common size statements, Ratio analysis, Cash flow analysis.
• Accounting Ratios: Meaning, Objectives, Advantages, 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. Debt to Capital Employed Ratio.
• Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset 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 5: Cash Flow Statement

Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and preparation (as per AS 3 (Revised) (Indirect Method only)

Accounts Project Class 12 CBSE 2023-24

One specific project based on financial statement analysis of a company covering any two aspects from the following:

1. Comparative and common size financial statements
2. Accounting Ratios
3. Segment Reports
4. Cash Flow Statements

OR

Unit 4: 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.

CBSE Class 12 Accountancy Syllabus 2023-24 PDF

The Class 12 Accountancy syllabus is an excellent resource for students who want to work in accounting, finance, or other business-related disciplines. Students will learn the abilities they need to excel in these industries by understanding the material in the syllabus. Download CBSE Class 12 Accountancy syllabus 2023-24 pdf here.

CBSE Class 12 Accountancy Syllabus 2023-24 PDF Dlwnload

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