CBSE Class 12 Accountancy Syllabus 2021- 2022 : Check here !

The theory syllabus for Class 12 Computer Science for the academic year 2021-2022, as well as the distribution of marks for each unit. This CBSE Computer Science Syllabus also includes the marking scheme and time duration for each unit. By clicking on the link above, students can directly download the CBSE Accountancy Syllabus for Class 12 academic year 2021-22. We have published the accountancy marks distribution as well as the term 1 and term 2 syllabuses below.Join Safalta School Online and prepare for Board Exams under the guidance of our expert faculty. Our online school aims to help students prepare for Board Exams by ensuring that students have conceptual clarity in all the subjects and are able to score their maximum in the exams. 

Table of content 

1 .CBSE Class 12 Term 1 Accountancy Syllabus and Marks Distribution 2021-22
2. CBSE Class 12 Term 2 Accountancy Syllabus and Marks Distribution 2021-22


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CBSE Class 12 Accountancy Syllabus 2021-2022 : CBSE Board exams 2022

The table below consists of CBSE Class 12 Term 1 Accountancy Syllabus and Marks Distribution 2021-22
 

Units	Term 1 (MCQ Based Question Paper)	Marks
Part A	Accounting for Partnership Firms
1	Fundamentals	18
2	Change In Profit Sharing Ratio
3	Admission Of A Partner
1	Company Accounts: Accounting For Shares	12
Part B	Analysis of Financial Statement
	Financial Statement of a Company (i) 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) (ii) Tools of Analysis – Ratio Analysis	10
	Accounting Ratios
	OR
	Computerized Accounting	10
	Overview 0f Computerised Accounting System Accounting Application of Electronic Spreadsheet
	Total Theory	40
	Project Work (Part -1)	10

 

Part A

Unit: Accounting for Partnership Firms Units/Topics

• Partnership: characteristics, Partnership Deed 
• In the lack of a partnership deed, the provisions of the Indian Partnership Act of 1932 apply. 
• Fixed capital accounts vs. variable capital accounts Profit and Loss Statement Preparation Appropriation account- profit distribution among partners, profit guarantee 
• Previous modifications (relating to interest on capital, interest on drawing, salary and profit sharing ratio). 
• Goodwill: nature, influencing elements, and valuation methodologies - average profit, super profit, and capitalization

Accounting for Partnership firms – Reconstitution

• Changes in the Profit Sharing Ratio among existing partners – sacrificing ratio, gaining ratio, accounting for asset revaluation and liability reassessment, and treatment of reserves and accrued profits Prepare the revaluation account and the balance sheet. 
• Admission of a partner - the effect of a partner's admission on the modification in the profit sharing ratio, the treatment of goodwill (as per AS 26), the treatment of revaluation of assets and reassessment of liabilities, the treatment of reserves and accumulated profits. 

Important :  At the moment of dissolution, the realised value of each asset must be provided. (ii) If the realisation expenses are met by a partner, a clear indication of payment shall be provided.

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Unit-3 Accounting for Companies

Accounting for Share Capital

• Nature and forms of shares and share capital 
• Accounting for share capital: the issuance and distribution of equity and preference shares Oversubscription and undersubscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for payment other than cash 
• Employee Stock Option Plan and Private Placement Concept (ESOP). 
• Accounting treatment of share forfeiture and reissue 
• A company's share capital is disclosed in the Balance Sheet.

Part B: Financial Statement Analysis

Unit: Analysis of Financial Statements

Financial statements of a Company: 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: Objectives, importance and limitations.
• Tools for Financial Statement Analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.
• Accounting Ratios: Meaning, Objectives, 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.
• Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio and Working Capital Turnover Ratio.
• Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment.

OR 

Part B: Computerised Accounting

Unit: 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.

The table below consists of CBSE Class 12 Term 2 Accountancy Syllabus and Marks Distribution 2021-22
 

Units	Term 2	Marks
Part A	Accounting for Not-For Profit Organisations	10
1	Accounting for Partnership Firm	12
2	Retirement And Death Of A Partner
3	Dissolution Of Partnership Firms
1	Company Accounts: Accounting For Debentures	08
Part B	Analysis of Financial Statement
	Financial Statement of a Company (i) Comparative And Common Size Statements	10
	Cash Flow Statement
	OR
	Computerized Accounting	10
	Using Computerised Accounting System Database Management System
	Total Theory	40
	Project Work (Part -2)	10

 

Part – A

Unit : Accounting for Not – For Profit Organisations

• The concept of non-profit organisations. 
• Account for Receipts and Payments: Features and Preparation 
• Income and Expenditure Account: features, including the creation of an income and expenditure account and a balance sheet from the specified receipts and payments accounts, as well as other information.

Part B: Computerised Accounting

Unit : Computerised Accounting

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.

Database Management System (DBMS) 

• Concept and Features of DBMS.
• DBMS in Business Application.
• Generating Accounting Information – Payroll.

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