CBSE class 12 accountancy syllabus for 2019 board exams
New Delhi : The Central Board of Secondary Education (CBSE) will publish the date sheet for the Class 10, 12 examinations in January. The board has already declared that exams for vocational subjects will be conducted from February to March 2019. It must be noted that from 2019, students must get a minimum of 33 per cent marks in theory and practical combined to declare pass in the subject to pass in the class 10 examinations.
Talking to official source, we have come up with detailed syllabus of CBSE class 12 accountancy syllabus for exams on 2019
Semester III: Accounting for Not-for-Profit Organisations and Partnership Firms (Total Periods 104)
Unit I: Accounting Not-for-Profit Organisation (Periods 24)
• Not-for-profit organisation: Meaning and Examples.
• Receipts and Payments: Meaning and Concept of fund based and non-fund based accounting.
• Preparation of Income and Expenditure account and Balance sheet from receipt and payment account with additional information.
Unit II: Accounting for Partnership (Periods 16)
• Nature of Partnership Firm: Partnership deed (meaning, importance).
• Final Accounts of Partnership: Fixed v/s Fluctuating capital, Division of profit among partners, Profit and Loss Appropriation account.
Unit III: Reconstitution of Partnership (Periods 40)
Changes in profit sharing ratio among the existing partners – Sacrificing ratio and Gaining ratio.
• Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and accumulated profits.
• Goodwill: Nature, Factors affecting and Methods of valuation: Average profit, Super profit, Multiplier and Capitalisation methods.
• Admission of a Partner: Effect of admission of partner, Change in profit sharing ratio, Accounting treatment for goodwill, Revaluation of assets and liabilities, Reserves (accumulated profits) and Adjustment of capitals.
• Retirement/Death of a Partner: Change in profit sharing ratio, Accounting treatment of goodwill, Revaluation of assets and liabilities, Adjustment of accumulated profits (Reserves).
Unit IV: Dissolution of Partnership Firm (Periods 24)
• Meaning, Settlement of accounts: Preparation of realisation account and related accounts (excluding piecemeal distribution, sale to a company and insolvency of a Spartner)
Semester IV: Company Accounts and Financial Statement Analysis (Total Periods 104)
Unit V: Accounting for Share and Debenture Capital (Periods 42)
• Share Capital: Meaning, Nature and Types.
• Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares; Over subscription and Under subscription; Issue at par, premium and at discount; Calls in advance, Calls in arrears, Issue of shares for consideration other than cash.
• Forfeiture of Shares: Accounting treatment, Re-issue of forfeited shares.
• Presentation of shares and Debentures Capital in company’s balance sheet.
• Issue of Debenture – At par, premium and discount; Issue of debentures for consideration other than cash.
• Redemption of debenture.
• Out of proceeds of fresh issue, accumulated profits and sinking fund.
Unit VI: Analysis of Financial Statements (Periods 42)
• Financial Statements of a Company: Preparation of simple financial statements of a company in the prescribed form with major headings only.
• Financial Analysis: Meaning, Significance and Purpose, Limitations.
• Tools for Financial Analysis: Comparative statements, Common size statements.
• Accounting Ratios: Meaning and Objectives, Types of ratios: Liquidity Ratios: Current ratio, Liquidity ratio. Solvency Ratio: Debt to equity, Total assets to debt, Proprietary ratio.
Activity Ratio: Inventory turnover, Debtors turnover, Payables turnover, Working capital turnover, Fixed assets turnover, Current assets turnover. Profitability Ratio: Gross profit, Operating ratio, Net profit ratio, Return on Investment, Earning per Share, Dividend per Share, Profit Earning ratio.
