Goodwill: nature, factors affecting, and methods of valuation \u2013 average profit, super profit, and capitalization.<\/li>\n<\/ul>\nAccounting for Partnership firms \u2013 Reconstitution<\/strong><\/p>\n\n- Change in the Profit Sharing Ratio among the existing partners \u2013 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.<\/li>\n
- Admission of a partner \u2013 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.<\/li>\n<\/ul>\n
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.<\/p>\n
<\/span>Unit-3 Accounting for Companies<\/strong><\/span><\/span><\/h4>\nAccounting for Share Capital<\/strong><\/p>\n\n- Share and share capital: nature and types.<\/li>\n
- Accounting for share capital: issue and allotment of equity and preference shares. Public subscription of shares \u2013 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.<\/li>\n
- Concept of Private Placement and Employee Stock Option Plan (ESOP).<\/li>\n
- Accounting treatment of forfeiture and reissue of shares.<\/li>\n
- Disclosure of share capital in the Balance Sheet of a company.<\/li>\n<\/ul>\n
<\/span>Part B: Financial Statement Analysis<\/span><\/h3>\n<\/span>Unit: Analysis of Financial Statements<\/strong><\/span><\/span><\/h4>\nFinancial 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)<\/p>\n
\n- Financial Statement Analysis: Objectives, importance, and limitations.<\/li>\n
- Tools for Financial Statement Analysis: Comparative statements, common-size statements, cash flow analysis, ratio analysis.<\/li>\n
- Accounting Ratios: Meaning, Objectives, classification, and Computation.<\/li>\n
- Liquidity Ratios: Current ratio and Quick ratio.<\/li>\n
- Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio, and Interest Coverage Ratio.<\/li>\n
- Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, and Working Capital Turnover Ratio.<\/li>\n
- Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio, and Return on Investment.<\/li>\n<\/ul>\n
OR<\/strong><\/p>\n<\/span>Part B: Computerised Accounting<\/span><\/h3>\n<\/span>Unit: Computerised Accounting<\/strong><\/span><\/span><\/h4>\nOverview of Computerised Accounting System<\/strong><\/p>\n\n- Introduction: Application in Accounting.<\/li>\n
- Features of Computerised Accounting System.<\/li>\n
- Structure of CAS.<\/li>\n
- Software Packages: Generic; Specific; Tailored.<\/li>\n<\/ul>\n
Accounting Application of Electronic Spreadsheet<\/strong><\/p>\n\n- Concept of the electronic spreadsheet.<\/li>\n
- Features offered by electronic spreadsheet.<\/li>\n
- Application in generating accounting information \u2013 bank reconciliation statement; asset accounting; loan repayment of loan schedule, ratio analysis<\/li>\n
- Data representation- graphs, charts, and diagrams.<\/li>\n<\/ul>\n
<\/span>Term 2 CBSE Class 12 Accountancy Syllabus<\/strong><\/span><\/h2>\n<\/span>Part \u2013 A<\/span><\/h3>\n<\/span>Unit: Accounting for Not \u2013 For Profit Organisations<\/strong><\/span><\/span><\/h4>\n\n- Not-for-profit organizations: concept.<\/li>\n
- Receipts and Payments Account features and preparation.<\/li>\n
- Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information.<\/li>\n<\/ul>\n
<\/span>Unit: Accounting for Partnership Firms<\/strong><\/span><\/span><\/h4>\nAccounting for Partnership firms \u2013 Reconstitution and Dissolution<\/strong><\/p>\n\n- 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.<\/li>\n
- Calculation of deceased partner\u2019s share of profit till the date of death.<\/li>\n<\/ul>\n
Dissolution of a partnership firm:<\/strong> meaning of dissolution of partnership and partnership firm, types of dissolution of a firm. Settlement of accounts \u2013 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)).<\/p>\n<\/span>Unit \u2013 Accounting for Companies<\/strong><\/span><\/span><\/h4>\nAccounting for Debentures<\/strong><\/p>\n\n- 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.<\/li>\n<\/ul>\n
<\/span>Part \u2013 B:<\/span><\/h3>\n<\/span>Unit: Analysis of Financial Statements<\/strong><\/span><\/span><\/h4>\nFinancial statements of a Company<\/strong><\/p>\n\n- Tools for Financial Statement Analysis: Comparative statements, common-size statements.<\/li>\n<\/ul>\n
<\/span>Unit: Cash Flow Statement<\/strong><\/span><\/span><\/h4>\n\n- Meaning, objectives, and preparation (as per 3 (Revised) (Indirect Method only)<\/li>\n<\/ul>\n
OR<\/strong><\/p>\n<\/span>Part B: Computerised Accounting<\/span><\/h3>\n<\/span>Unit: Computerised Accounting<\/strong><\/span><\/span><\/h4>\nUsing a Computerized Accounting System<\/strong><\/p>\n\n- Steps in the installation of CAS, codification, Hierarchy of account heads, and creation of accounts.<\/li>\n
- Data: Entry, validation, and verification.<\/li>\n
- Adjusting entries, preparation of balance sheet, profit, and loss account with closing entries and opening entries.<\/li>\n
- Need and security features of the system.<\/li>\n<\/ul>\n
Database Management System (DBMS)<\/strong><\/p>\n\n- Concept and Features of DBMS.<\/li>\n
- DBMS in Business Application.<\/li>\n
- Generating Accounting Information \u2013 Payroll.<\/li>\n<\/ul>\n
<\/span>CBSE Class 12 Accountancy Syllabus 2023-24: Accounts Project Class 12<\/strong><\/span><\/h2>\nFrom session 2020-21 onwards, there would be only ONE project (specific) to be prepared.<\/strong><\/p>\n1. 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.<\/p>\n
Note: Kindly refer to the related Guidelines published by the CBSE.<\/p>\n
<\/span>Term-Wise Accounts Class 12 Marks Distribution 2023-24<\/strong><\/span><\/h2>\nBelow you can find the marks distribution for the accountancy syllabus for Terms 1 and 2.<\/p>\n
<\/span>Term 1 CBSE Class 12 Accountancy Marks Distribution 2023-24<\/span><\/h3>\nAccountancy (Code No. 055) Class-XII (2023-24)<\/p>\n
Theory: 40 Marks<\/em>
Duration: 90 minutes<\/em><\/p>\n
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