CBSE Class 12 Accountancy Syllabus 2024-25, Download PDF
CBSE Class 12 Accountancy Syllabus: In Class 12, the Accountancy syllabus is designed to offer students a thorough idea of financial transactions, principles, and practices necessary for effective financial management. This course empowers students with the knowledge and skills to analyze, interpret, and convey financial information accurately.
Covering areas such as accounting principles, partnership accounts, company accounts, financial statements, and financial analysis, the Class 12 Accountancy syllabus plays a vital role in shaping students' understanding of accounting concepts and preparing them for real-world financial challenges.
CBSE Class 12 Accountancy Syllabus Overview
The CBSE Class 12 Accountancy Syllabus for 2024-25 is divided into three main parts for comprehensive learning.
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In Part A, the focus lies on Accounting for Partnership Firms and Companies, covering topics like partnership features, goodwill valuation, and accounting for reconstitution and dissolution.
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Part B offers a choice between Financial Statement Analysis and Cash Flow Statement, with an option for Computerized Accounting.
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Part C involves Project Work or Practical Work, emphasizing financial statement analysis and computerized accounting systems.
The syllabus aims to lay a solid groundwork in fundamental accounting principles, methodologies, and the preparation of financial statements, in accordance with the Companies Act 2013.
CBSE Syllabus for Class 12 Accountancy
The CBSE Class 12 Accountancy syllabus for the academic year 2024-25 covers various essential topics to provide students with a strong foundation in accounting concepts and methodologies. The syllabus includes sections on Accounting for Partnership Firms and Companies, Financial Statement Analysis, and Project Work or Computerized Accounting.
Part A – Accounting for Partnership Firms and Companies
Unit 1: Accounting for Partnership Firms
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Understanding Partnership: Features and Partnership Deed.
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Provisions of the Indian Partnership Act 1932 in the absence of a partnership deed.
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Fixed vs. fluctuating capital accounts. Preparation of Profit and Loss Appropriation account, including division of profit among partners and guarantee of profits.
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Goodwill: Meaning, nature, factors affecting, and valuation methods – average profit, super profit, and capitalization.
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Past adjustments: Interest on capital, interest on drawings, salary, and profit-sharing ratio.
Unit 2: Accounting for Partnership firms – Reconstitution and Dissolution
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Change in Profit Sharing Ratio: Sacrificing ratio, gaining ratio, revaluation of assets and reassessment of liabilities.
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Admission of a partner: Effect on profit sharing ratio, treatment of goodwill, revaluation of assets and liabilities, and adjustments in capital accounts.
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Retirement and death of a partner: Effects, treatment of goodwill, revaluation of assets and liabilities, adjustments of accumulated profits and losses.
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Dissolution of a partnership firm: Types, settlement of accounts, realization account preparation, and other related accounts.
Unit 3: Accounting for Companies
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Accounting for Share Capital: Features and types of companies, share and share capital, issue and allotment of shares, public subscription, private placement, forfeiture, and reissue of shares.
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Accounting for Debentures: Types, issue at par, premium or discount, redemption, and treatment of discount or loss on issue.
Part B: Financial Statement Analysis
Unit 4: Analysis of Financial Statements
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Financial statements of a Company: Meaning, Nature, Uses, and importance.
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Tools for Financial Statement Analysis: Comparative statements, common size statements, Ratio analysis, Cash flow analysis.
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Accounting Ratios: Liquidity, Solvency, Activity, and Profitability ratios.
Unit 5: Cash Flow Statement
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Meaning, objectives, benefits, and preparation (as per AS 3 (Revised) – Indirect Method only).
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Adjustments and classifications of activities.
Project Work
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One project based on financial statement analysis of a company, covering aspects such as comparative and common size financial statements, accounting ratios, segment reports, or cash flow statements.
OR
Part B: Computerised Accounting
Unit 4: Computerized Accounting
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Overview of Computerised Accounting System: Introduction, features, software packages.
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Accounting Application of Electronic Spreadsheet: Concept, features, and application.
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Using Computerised Accounting System: Installation, data entry, validation, adjusting entries, and security features.
Part C: Practical Work
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Practical exercises related to the topics covered in Part A and Part B.
CBSE Class 12 Accountancy Course Structure
The CBSE Class 12 Accountancy syllabus for the academic year 2024-25 is structured below. Here is a breakdown of the course structure:
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Units |
|
Marks |
|
Part A
|
Accounting for Partnership Firms and Companies |
|
|
Unit 1. Accounting for Partnership Firms |
36 |
|
|
Unit 2. Accounting for Companies |
24 |
|
|
|
|
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 |
|
Project work will include: |
|
|
|
Project file |
12 |
|
|
Viva voce |
8 |
|
|
|
OR |
|
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Part B
|
Computerized Accounting |
|
|
Unit 4. Computerized Accounting |
20 |
|
|
Part C
|
Practical Work |
20 |
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Practical work will include: |
|
|
|
Practical file |
12 |
|
|
Viva voce |
8 |
What is the Exam pattern for CBSE class 12 Accountancy Exam?
The CBSE Class 12 Accountancy exam usually follows a structured pattern to evaluate students' grasp of accounting principles and practices. It typically comprises two parts: theory and practical.
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In the theory part, you might have questions with multiple choices, short answers, and long answers. They'll cover things like financial statements, partnership accounting, company accounts, and analyzing financial statements.
In the practical part, you'll probably have to make financial statements, keep ledger accounts, balance trial accounts, and solve numerical problems about accounting concepts.
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Chapter/Unit |
Marks Allocated |
Total Marks |
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Part A: Accounting for Partnership Firms & Companies |
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Unit 1: Accounting for Partnership Firms |
36 marks |
60 marks |
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Unit 2: Accounting for Companies |
24 marks |
|
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Part B: Financial Statement Analysis |
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Unit 3: Analysis of Financial Statements |
12 marks |
20 marks |
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Unit 4: Cash Flow Statement |
8 marks |
|
|
OR |
||
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Part B: Computerised Accounting |
20 marks |
|
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Part C: Project Work |
||
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Project File |
4 marks |
20 marks |
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Written Test (1 hour) |
12 marks |
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Viva Voce |
4 marks |
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CBSE Class 12 Accountancy Syllabus FAQs
Q1: What are the main units covered in the Class 12 Accountancy syllabus?
Ans: The syllabus includes units such as accounting for partnership firms, accounting for companies, financial statement analysis, and optionally, computerized accounting.
Q2: What is the duration of the CBSE Class 12 Accountancy exam?
Ans: The exam lasts for 2 hours and 15 minutes.
Q3: How are marks distributed in the exam pattern for Class 12 Accountancy?
Ans: The exam consists of a theory paper with 80 marks (60 marks for Part A and 20 marks for Part B) and a practical part with 20 marks under Part C.
Q4: What topics are covered under financial statement analysis in Class 12 Accountancy?
Ans: Financial statement analysis includes units on the analysis of financial statements and the cash flow statement.
Q5: What does the practical part of the exam entail in Class 12 Accountancy?
Ans: The practical part involves project work, including a project file, a written test lasting 1 hour, and a viva voce.
