|
Class XII Accountancy Syllabus & Marking Scheme (2026-27)
|
|
Parts
|
Unit Name
|
Key concept
|
Marks
|
Weightage
|
|
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 partnership deed).
|
36
|
36%
|
|
Fixed vs. fluctuating capital accounts, Profit and Loss Appropriation account, guarantee of profits, past adjustments, goodwill valuation (average profit, super profit, capitalization).
|
|
Reconstitution and Dissolution of Partnership:
|
|
Change in Profit Sharing Ratio: sacrificing ratio, gaining ratio, revaluation of assets/liabilities, treatment of reserves, accumulated profits/losses.
|
|
Admission of a Partner: impact on profit-sharing ratio, goodwill treatment (AS 26), revaluation of assets/liabilities.
|
|
Retirement and Death of a Partner: adjustments related to goodwill, reserves, accumulated profits/losses, revaluation of assets/liabilities, loan account, capital/current account, executor's account.
|
|
Dissolution of Partnership Firm: meaning, types, realization account, partners' capital, and cash/bank accounts (excluding piecemeal distribution, sale to a company, and insolvency).
|
|
Unit 2: Accounting for Companies
|
Accounting for Share Capital
|
24
|
24%
|
|
Features and types of companies, share and share capital, types of shares.
|
|
Accounting for share capital: issue/allotment of shares, over/under subscription, calls in advance/arrears, issue at par/premium, consideration other than cash.
|
|
Private Placement, ESOP, Sweat Equity.
|
|
Forfeiture and Re-issue of shares.
|
|
Accounting for Debentures
|
|
Meaning, types, issue of debentures at par/premium/discount, debentures as collateral security, interest on debentures.
|
|
Writing off discount/loss on issue of debentures.
|
|
Part B: Financial Statement Analysis
|
Unit 3: Analysis of Financial Statements
|
Financial statements of a company: meaning, nature, importance, format (as per Schedule III to the Companies Act, 2013).
|
12
|
12%
|
|
Tools for Financial Statement Analysis: Comparative statements, common size statements, ratio analysis, cash flow analysis.
|
|
Accounting Ratios
|
|
Meaning, objectives, advantages, classification, and computation of various ratios:
|
|
- Liquidity Ratios: Current ratio, Quick ratio.
|
|
- Solvency Ratios: Debt to Equity, Total Asset to Debt, Proprietary, Interest Coverage, Debt to Capital Employed ratios.
|
|
- Activity Ratios: Inventory Turnover, Trade Receivables Turnover, Trade Payables Turnover, Fixed Asset Turnover, Net Asset Turnover, Working Capital Turnover ratios.
|
|
- Profitability Ratios: Gross Profit, Operating, Operating Profit, Net Profit, Return on Investment.
|
|
Unit 4: Cash Flow Statement
|
Meaning, objectives, benefits, Cash and Cash Equivalents, classification of activities, preparation (as per AS 3 using indirect method).
|
8
|
8%
|
|
Part C : Project Work
|
Project File
|
12
|
12%
|
| |
Viva Voce
|
8
|
8%
|
| |
Total
|
|
100
|
100%
|
|
OR
|
|
Part B: Computerised Accounting
|
Unit 4: Computerised Accounting
|
Overview of Computerised Accounting System
|
20
|
20%
|
|
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 schedule, ratio analysis.
|
|
Data representation: graphs, charts, and diagrams.
|
|
Using Computerised 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.
|
|
Part C: Practical Work
|
|
Hands-on application of CAS through practical work.
|
20
|
20%
|