CBSE Syllabus

CLASS XII

Accountancy

One Paper 3 Hours 80 Marks

from CBSE Curriculum 2009

Applicable for 2009 March Examination

Part A : Accounting for not for Profit Organisations, Partnership Firms and Companies

1. Accounting for not for profit organizations. 10 marks

2. Accounting for Partnership Firms 5 marks

3. Reconstitution of Partnership 20 marks

4. Accounting for Share Capital and Debenture 25 marks

Part B: Financial Statement Analysis

5. Analysis of Financial Statements 12 marks

6. Cash Flow Statement 8 marks

7. Project Work 20 marks

    Unit 1 : Project File 4 marks

    Unit 2 : Written Test 12 marks (one hour)

    Unit 3 : Viva Voce' 4 marks

(any one of part b or c only)

Part C: Computerized Accounting

5. Overview of Computerized System 5

6. Accounting using Database Management System (DBMS) 8 marks

7. Accounting Applications of Electronic Spread sheet 7 marks

8. Practical Work in Computerized Accounting 20 marks

    Unit 1 : File 4 marks

    Unit 2 : Practical Examination 12 marks (one hours)

    Unit 3 : Viva Voce' 4 marks

Detailed Syllabus

Part A:

Accounting for Not-For-Profit Organisations, Partnership Firms and Companies

Unit 1: Accounting for Not-For-profit Organisations (10 marks)

• Not for profit organisation: Meaning and examples.

• Receipts and payments: Meaning and concept of fund based accounting.

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

Unit 2: Accounting for Partnership firms (5 marks)

• 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: Reconstitution of Partnership (20 marks)

• 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 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, 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) and capitals.

Unit 4: Accounting for Share Capital and Debenture (25 marks)

• Share Capital: Meaning, Nature and Types.

• Accounting for share capital: Issue and Allotment of Equity and Preference Shares;; Private placement of shares, meaning of employee stock option plan, 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.

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

• Presentation of Share Capital and Debenture in company’s Balance Sheet.

• Issue of debenture-at par and premium; issue of debenture for consideration other than cash.

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

Part B: Financial Statement Analysis

Unit 5: Analysis of Financial Statements (12 marks)

• 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 RatioSolvency Ratios: Debt to Equity, Total Assets to Debt, Proprietary Ratio Activity Ratios: Inventory Turnover, Debtors Turnover, Payables Turnover,Working Capital Turnover, Fixed Assets Turnover, Profitability Ratio: Gross Profit, Operating Ratio, Net Profit Ratio, Return on Investment, Earning Per Share, Dividend per Share, Price Earning Ratio

Unit 6: Cash Flow Statement (8 marks)

• 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)

Unit 7: Project Work in Accounting (20 marks)

(Please refer to the guidelines published by the CBSE)

OR

Part C: Computerised Accounting (20 marks)

Unit 5: Overview of Computerized Accounting System (5 marks)

• Concept and types of Computerised Accounting System (CAS)

• Features of a Computerized Accounting System

• Structure of a Computerised Accounting System

Unit 6: Accounting using Database Management System (DBMS) (8 marks)

• Concept of DBMS

• Objects in DBMS: Tables, Queries, Forms, Reports

• Creating data tables for accounting

• Using queries, forms and reports for generating accounting information. Applications of DBMS in generating accounting information such as shareholders’ records, sales reports, customers’ profile, suppliers’ profile, payroll, employees’ profile, petty cash register.

Unit 7: Accounting Applications of Electronic Spreadsheet (7 marks)

• Concept of an Electronic Spreadsheet (ES)

• Features offered by Electronic Spreadsheet

• Applications of Electronic Spreadsheet in generating accounting information, preparing depreciation schedule, loan repayment schedule, payroll accouning and other such applications.

Unit 8: Practical Work in Computerised Accounting (20 marks)

(Please refer to the guidelines published by the CBSE)