CBSE Syllabus for Class 12 Accountancy 2022 For Term 1 & Term 2 | Download Term Wise Syllabus PDF

CBSE Class 12 Accountancy Syllabus

Term-Wise CBSE Class 12 Accountancy Syllabus 2021-22: The CBSE Class 12 Accountancy Syllabus focuses on improving 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 understand and learn concepts quickly. Here we are providing a complete guide on CBSE Class 12 Accountancy Syllabus 2022.

Table of Contents

CBSE Class 12 Accountancy Syllabus 2022 For Term 1 & Term 2

Students can access the CBSE Accountancy Syllabus for Class 12 for the academic year 2021-22 by clicking the link provided below.

Download CBSE Class 12 Accountancy Syllabus 2021-22

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 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 preferences shares. Public subscription of shares – over subscription and under subscription of shares; 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 of debentures at par, at a premium, and 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 Computerized Accounting System

  • Steps in the 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.

CBSE Class 12 Accountancy Syllabus 2021-22: 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, recording of transactions with the help of vouchers.
2. Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes, and 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 2021-22

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

Term 1 CBSE Class 12 Accountancy Marks Distribution 2021-22

Accountancy (Code No. 055) Class-XII (2021-22)

Theory: 40 Marks
Duration: 90 minute

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 2021-22

Accountancy (Code No. 055) Class-XII (2021-22)

Theory: 40 Marks

Units Term 2 Marks
Part A Accounting for Not-For-Profit Organisations 10
1 Accounting for Partnership Firm 12
2 Retirement And Death Of A Partner
3 Dissolution Of Partnership Firms
1 Company Accounts: Accounting For Debentures 08
Part B Analysis of Financial Statement  
  Financial Statement of a Company
(i) Comparative And Common Size Statements
10
  Cash Flow Statement
OR
  Computerized Accounting 10
  Using Computerised Accounting System
Database Management System
  Total Theory 40
   Project Work (Part -2) 10
  Total Marks 50

Other Important Links Related To CBSE Class 12 Accountancy

Download Chapter-Wise NCERT Textbooks For CBSE Class 12 Accountancy 2021-22

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, and Cash Flow Statement, etc.

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

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

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

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

FAQs- CBSE Class 12 Accountancy Syllabus 2022

How many sections are there in the Class 12 CBSE Accountancy Syllabus?

The entire CBSE Class 12 Accountancy Syllabus is basically divided into three parts. 

What are the units in Part – A CBSE 12th Accountancy Syllabus 2021-22?

Unit 1. Financial Statements of Not-for-Profit Organizations,
Unit 2. Accounting for Partnership Firms,
Unit 3. Accounting for Companies

What are in Part –B CBSE Class 12 Accounts Syllabus 2021-22?

Go through the above blog for the Part B CBSE Class 12 Accountancy Syllabus.

What are in Class 12 Accountancy Syllabus Part C-Computerized Accounting?

CBSE Class 12 Accountancy Syllabus Part C-Computerized Accounting consists of topics: Overview of Computerized Accounting System, Accounting Application of Electronic Spreadsheet, Using Computerized Accounting System, Database Management System (DBMS).

Is there any change in the CBSE Class 12 Accountancy Syllabus 2021-22?

No. CBSE has restored the CBSE Class 12 Accountancy Syllabus that was reduced to 30% for the year 2020-21.

How to download the revised CBSE Class 12 Accountancy Syllabus 2020-21 in PDF?

Download the latest Revised CBSE Class 12 Accountancy Syllabus 2021(30% Reduced Syllabus) PDF: HERE.

How many projects work in CBSE 12th Accountancy Syllabus 2021-22?

From session 2021-22 onwards, there would be only ONE project (specific) to be prepared for CBSE 12th Accounts.

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