Categories

CBSE 12th Class Accountancy Syllabus 2020

Parts

Units

Marks

Part – A

Accounting for Not-for-Profit Organizations, Partnership Firms and Companies

Unit 1: Financial Statements of Not-for-Profit Organizations (25 Periods)

10

Unit 2. Accounting for Partnership Firms (90 Periods)

30

Unit 3. Accounting for Companies (25 Periods)

20

 

Total

60

Part – B

Financial Statement Analysis

Unit 4. Analysis of Financial Statements (30 Periods)

12

Unit 5. Cash Flow Statement (20 Periods)

8

 

Total

20

 

Or

 

Part – B

Computerized Accounting

Unit 4. Computerized Accounting (50 Periods)

20

 

Total

20

Part – C

Practical Work – Practical exam + Practical File + Viva voce (20 Periods)

20

Part A: Accounting for Not-for-Profit Organizations, Partnership Firms and Companies

  • Unit 1: Financial Statements of Not-for-Profit Organizations
    • 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 2: 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.

Part B: Financial Statement Analysis

  • Unit 3. Accounting for Companies
    • Accounting for Share Capital
      • Share and share capital: nature and types
      • Concept of Private Placement and Employee Stock Option Plan (ESOP).
      • Accounting for share capital: issue and allotment of equity and preferences shares.
      • Disclosure of share capital in the Balance Sheet of a company.
    • Accounting for Debentures
      • Debentures: Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash, etc.
    • Unit 4: Analysis of Financial Statement
      • Financial statements of a Company: 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).
        • Financial Statement Analysis: Objectives, importance and limitations.
        • Accounting Ratios: Meaning, Objectives, classification and computation
        • Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.
        • Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio.
        • Liquidity Ratios: Current ratio and Quick 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 5: Cash Flow Statement
        • Meaning, objectives and preparation (as per AS 3 (Revised) (Indirect Method only)

OR

Part B: Computerized Accounting

Unit 3: Computerized Accounting

  • Overview of Computerized Accounting System
    • Introduction: Application in Accounting
    • Features of Computerized Accounting System
    • Software Packages: Generic; Specific; Tailored.
    • Structure of CAS.
  • Accounting Application of Electronic Spreadsheet.
    • Application in generating accounting information – bank reconciliation statement; asset accounting; loan repayment of loan schedule, ratio analysis.
    • Features offered by electronic spreadsheet.
    • Concept of electronic spreadsheet.
    • Data representation- graphs, charts and diagrams.
  • Using Computerized Accounting System.
    • Need and security features of the system.
    • Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts.
    • Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries.
    • Data: Entry, validation and verification.
  • Database Management System (DBMS)
    • Generating Accounting Information – Payroll
    • DBMS in Business Application.
    • Concept and Features of DBMS.