CBSE Class 12 Accountancy Syllabus 2011 2012 Term 2

CBSE Class 12 Accountancy Syllabus 2011 2012 Term 2 available in Pdf for free download. The latest syllabus for Class 12 Accountancy have been issued by CBSE based on which Grade 12 students will have to prepare for examinations by CBSE, NCERT and KVS in Standard 12. The latest CBSE syllabus has been used to design NCERT book for Class 12 Accountancy based on which exams for Grade 12 Accountancy will be conducted. Refer to MCQ Questions for Class 12 Accountancy with answers and also download more latest study material for all subjects

Accountancy Term 2 Class 12 CBSE Syllabus

Class 12 Accountancy students should refer to the following curriculum for NCERT Class 12 Accountancy Term 2. These CBSE NCERT KVS Syllabus for Grade 12 Accountancy will be very useful for preparing for upcoming exams and help you to score good marks

Accountancy Term 2 CBSE Syllabus Class 12


Part A: Accounting for Not-For-Profit Organisations, Partnership Firms and Companies. 

Unit 1: Accounting for Not-for-profit Organisations 

Meaning and features of not for profit organisations.

Meaning and features of fundbased acccounting.

Receipts and payments Account

Preparation of Income and Expenditure Account and Balance Sheet from Receipt and Payment Account with additional information.

Unit 2: Accounting for Partnership Firms - I 

Nature of Partnership firm, Partnership Deed-meaning, importance.

Partners' Capital Accounts : Fixed vs Fluctuating Capital, Division of Profit among partners, Profit and Loss Appropriation Account including past adjustments.

Unit 3: Accounting for Partnership Firms - II

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 (Accumulated Profits).

Goodwill: Nature, Factors affecting and methods of valuation: Average profit, Super profit and Capitalisation methods.

Admission of a Partner: Effect of Admission of Partner, Change in Profit Sharing Ratio, Accounting Treatment for Goodwill (as per AS 10), Revaluation of Assets and Liabilities, Adjustment of Capitals.

Retirement/Death of a Partner: Change in Profit Sharing ratio, accounting treatment of Goodwill, Revaluation of Assets and Liabilities, Adjustment of Capitals. Dissolution of a partnership firm. (excluding Garner Vs Murrey and Peace Meal System).

Unit 4: Accounting for Share Capital and Debenture 

Share Capital: Meaning and Types.

Accounting for share capital: Issue and Allotment of Equity and Preference Shares;  public subscription of 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. Meaning of Private placement of shares and employee stock option plan.

Forfeiture of shares : accounting treatment, re-issue of forfeited shares.

Presentation of Share Capital in company’s Balance Sheet.

Issue of debentures at par and Premium; writing of loss on issue of debentures; Issue of debentures as collatoral security; issue of debentures for consideration other than cash.

Redemption of debentures; sources : out of profits - debenture redemption reserve; out of capital-methods : lump sum payment, draw by lots, purchase in the open market and conversion (excluding cum-interest and ex-interest).

Part B: Financial Statement Analysis

Unit 5: Analysis of Financial Statements 

Financial Statements of a Company: preparation of simple balance sheet of a company in the prescribed form with major headings only.

Financial Statement Analysis: meaning, significance, limitations,

Tools for Financial Statement Analysis: Comparative Statements, Common Size Statements, Accounting Ratios: meaning and objectives, types of ratios:

Liquidity Ratios:   Current Ratio, Liquid Ratio

Solvency Ratios:  Debt to Equity, Total Assets to Debt. Proprietary Ratio

Activity Ratios:     Inventory Turnover, Debtors Turnover, Payable Turnover, Working Capital Turnover, Fixed Assets Turnover,

Profitability Ratio: Gross Profit, Operating, Net Profit, Return on Investment, Earning per Share, Dividend per Share, Price Earning Ratio

Unit 6: Cash Flow Statement 

Cash Flow Statement: Meaning and objectives, preparation, adjustments related to depreciation, dividend and tax, sale and purchase of non-current assets (as per revised standard issued by ICAI)

Please refer to attached file for CBSE Class 12 Accountancy Syllabus 2011-2012

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