CBSE Class 12 Accountancy Syllabus 2024-25 Board Exam

CBSE Class 12 Accountancy Syllabus 2024-25 Board Exam: CBSE (Central Board of Secondary Education) has released Class 12 Accountancy Syllabus 2024-25 at their official website. Students must go through the Accountancy Class 12 Syllabus 2024-25 to have a strong understanding of the topics. Class 12 Accountancy Syllabus 2024-25 includes topics such as Accounting for Partnership Firms, Accounting for Companies, Analysis of Financial Statements, Cash Flow Statement, etc. Interested students can download the syllabus of Accountancy Class 12 CBSE 2024-25 PDF at the official website of the CBSE Class 12 board. To check the topics included in Class 12 Accountancy Syllabus 2024-25, students must go through the article below. 

Class 12 Accountancy Syllabus 2024-25 Weightage

The unit-wise distribution of marks for Class 12 Accountancy Syllabus 2024-25 is given in the table below. Most of the questions are asked from Part A of Accountancy CBSE Class 12 Syllabus 2024-25. By going through this table, students will get to know about the unit-wise marks distribution and create their preparation plan accordingly. 

Accountancy Class 12 Syllabus 2024-25

The syllabus of Accountancy Class 12 CBSE 2024-25 is divided into three parts ie., Part A Accounting for Partnership Firms and Companies, Part B Financial Statement Analysis or Computerized Accounting, and Part C Project Work or Practical Work. Students can check the topics included in each unit of the syllabus of Accountancy Class 12 CBSE 2024-25 below. 

Class 12 Accounts Syllabus for 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.

• Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits.

• Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio).

• Goodwill: meaning, nature, factors affecting and methods of valuation - average profit, super profit and capitalization.

Accounting for Partnership firms - Reconstitution and Dissolution.

• Change in the Profit Sharing Ratio among the existing partners - sacrificing ratio, gaining ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of reserves, accumulated profits and losses. Preparation of revaluation account and balance sheet.

• Admission of a partner - effect of admission of a partner on change in the profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and re- assessment of liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital accounts and preparation of capital, current account and balance sheet.

• Retirement and death of a partner: effect of retirement / death of a partner on change in profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits, losses and reserves, adjustment of capital accounts and preparation of capital, current account and balance sheet. Preparation of loan account of the retiring partner.

• Dissolution of a partnership firm: meaning of dissolution of partnership and partnership firm, types of dissolution of a firm. Settlement of accounts - preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s).

Unit-3 Accounting for Companies

Accounting for Share Capital

• Features and types of companies.

• Share and share capital: nature and types.

• Accounting for share capital: issue and allotment of equity and preferences shares.

• Public subscription of shares - over subscription and under subscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for consideration other than cash.

• Concept of Private Placement and Employee Stock Option Plan (ESOP), Sweat Equity.

• Accounting treatment of forfeiture and re- issue of shares.

• Disclosure of share capital in the Balance Sheet of a company.

Accounting for Debentures

Debentures: Meaning, types, Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash; Issue of debentures with terms of redemption; debentures as collateral security-concept, interest on debentures (concept of TDS is excluded). Writing off discount / loss on issue of debentures.

Check out: CBSE Sample Question Papers Class 12 Accountancy for 2025 Exam

Class 12 Accounts Syllabus for Part B Financial Statement Analysis

Unit 4: Analysis of Financial Statements

Financial statements of a Company: 

Meaning, Nature, Uses and importance of financial Statement.

Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and sub headings (as per Schedule III to the Companies Act, 2013)

Financial Statement Analysis: Meaning, Significance Objectives, importance andlimitations.

Tools for Financial Statement Analysis: Comparative statements, common size statements, Ratio analysis, Cash flow analysis.

Accounting Ratios: Meaning, Objectives, Advantages, classification and computation.

Liquidity Ratios: Current ratio and Quick ratio.

Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio. Debt to Capital Employed Ratio.

Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and Working Capital Turnover Ratio.

Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment.

Note: Net Profit Ratio is to be calculated on the basis of profit before and after tax.

Unit 5: Cash Flow Statement

Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and preparation (as per AS 3 (Revised) (Indirect Method only)

Class 12 Accounts Syllabus for Project Work

One specific project based on financial statement analysis of a company covering any two aspects from the following:

1. Comparative and common size financial statements

2. Accounting Ratios

3. Segment Reports

4. Cash Flow Statements

OR

Accountancy Syllabus Class 12 CBSE 2024-25 Part B Computerised Accounting

Unit 4: Computerised Accounting

Overview of Computerised Accounting System

• 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 of loan schedule, ratio analysis 

• Data representation- graphs, charts and diagrams.

Using Computerized 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

Check out: CBSE Class 12 Accountancy Volume 2 Boook & CBSE Class 12 Accountancy Volume 3 Book

Accountancy Syllabus Class 12 CBSE 2024-25 Question Paper Design

Students who are studying in Class 12 can go through the question paper design of CBSE Accountancy exam in the table below. Students can check the marks with the percentage in the table below. 

Accountancy Class 12 Syllabus 2024-25 FAQs

Q1. What are the main topics covered in the Class 12 Accountancy syllabus?

Ans. The syllabus includes advanced accounting concepts, financial statements of companies, accounting for partnerships, and not-for-profit organizations. It also covers the preparation and analysis of financial statements, accounting ratios, and emerging trends in accounting.

Q2. How is the Class 12 Accountancy syllabus structured?

Ans. The syllabus is divided into two parts: Part A focuses on financial accounting, including topics like company accounts and partnership accounts, while Part B covers managerial accounting, including budgeting and financial decision-making.

Q3. Are there practical components in the Class 12 Accountancy syllabus?

Ans. Yes, the syllabus includes practical components, such as preparing financial statements and working with various accounting equations. Students may also engage in project work to apply theoretical concepts.

Q4. How can students prepare effectively for the Class 12 Accountancy exams?

Ans. Students must follow a effective preparation plan which involves understanding core concepts, practicing numerical problems, reviewing previous years’ question papers, and engaging in group study sessions. Regular revision and solving sample papers will also be beneficial.