Course description

The course in accountancy is introduced at plus two stage of senior second of school education, as the formal commerce education is provided after ten years of schooling. With the fast changing economic scenario, accounting as a source of financial information has carved out a place for itself at the senior secondary stage. Its syllabus content provide students a firm foundation in basic accounting concepts and methodology and also acquaint them with the changes taking place in the preparation and presentation of financial statements in accordance to the applicable accounting standards and the Companies Act 2013.

Course Syllabus

Part A: Accounting for Not-for-Profit Organizations, Partnership Firms and Companies

UNIT 1

Chapter 1 Accounting for Not-for-Profit Organisation

1.1 Meaning and Characteristics of Not-for-Profit Organisation

1.2 Accounting Records of Not-for-Profit Organisations

1.3 Receipt and Payment Account

1.4 Income and Expenditure Account 

1.5 Balance Sheet

1.6 Some Peculiar Items

1.7 Income and Expenditure Account based on Trial Balance

Unit 2: Accounting for Partnership Firms

Chapter 2 Accounting for Partnership : Basic Concepts 

2.1 Nature of Partnership

2.2 Partnership Deed

2.3 Special Aspects of Partnership Accounts

2.4 Maintenance of Capital Accounts of Partners

2.5 Distribution of Profit among Partners

2.6 Guarantee of Profit to a Partner 

2.7 Past Adjustments 

Chapter 3 Reconstitution of a Partnership Firm – Admission of a Partner

3.1 Modes of Reconstitution of a Partnership Firm 

3.2 Admission of a New Partner

3.3 New Profit Sharing Ratio

3.4 Sacrificing Ratio

3.5 Goodwill

3.6 Adjustment for Accumulated Profits and Losses

3.7 Revaluation of Assets and Reassessment of Liabilities

3.8 Adjustment of Capitals 

3.9 Change in Profit Sharing Ratio among the Existing Partners

Chapter 4 Reconstitution of a Partnership Firm –Retirement/Death of a Partner

4.1 Ascertaining the Amount Due to Retiring/Deceased Partner

4.2 New Profit Sharing Ratio

4.3 Gaining Ratio 

4.4 Treatment of Goodwill 

4.5 Adjustment for Revaluation of Assets and Liabilities 

4.6 Adjustment of Accumulated Profits and Losses

4.7 Disposal of Amount Due to Retiring Partner

4.8 Adjustment of Partners’ Capitals 

4.9 Death of a Partner 

Chapter 5 Dissolution of Partnership Firm

5.1 Dissolution of Partnership

5.2 Dissolution of a Firm

5.3 Settlement of Accounts

5.4 Accounting Treatment 

Unit-3 Accounting for Companies

Chapter 1 Accounting for Share Capital

1.1 Features of a Company

1.2 Kinds of Companies

1.3 Share Capital of a Company

1.4 Nature and Classes of Shares

1.5 Issue of Shares

1.6 Accounting Treatment

1.7 Forfeiture of Shares

Chapter 2 Issue and Redemption of Debentures

2.1 Meaning of Debentures

2.2 Distinction between Shares and Debentures

2.3 Types of Debentures

2.4 Issue of Debentures

2.5 Over Subscription

2.6 Issue of Debentures for Consideration other than Cash

2.7 Issue of Debentures as a Collateral Security

2.8 Terms of Issue of Debentures

2.9 Interest on Debentures

2.10 Writing off Discount/Loss on Issue of Debentures

2.11 Redemption of Debentures 

2.12 Redemption by Payment in Lump Sum

2.13 Redemption by Purchase in Open Market

2.14 Redemption by Conversion

Part B: Financial Statement Analysis

Unit 4: Analysis of Financial Statements

Chapter 3 Financial Statements of a Company

3.1 Meaning of Financial Statements 

3.2 Nature of Financial Statements

3.3 Objectives of Financial Statements

3.4 Types of Financial Statements

3.5 Uses and Importance of Financial Statements

3.6 Limitations of Financial Statements

Chapter 4 Analysis of Financial Statements

4.1 Meaning of Analysis of Financial Statements

4.2 Significance of Analysis of Financial Statements

4.3 Objectives of Analysis of Financial Statements

4.4 Tools of Analysis of Financial Statements

4.5 Comparative Statements

4.6 Common Size Statement

4.7 Limitations of Financial Analysis

Chapter 5 Accounting Ratios

5.1 Meaning of Accounting Ratios

5.2 Objectives of Ratio Analysis

5.3 Advantages of Ratio Analysis

5.4 Limitations of Ratio Analysis

5.5 Types of Ratios

5.6 Liquidity Ratios

5.7 Solvency Ratios

5.8 Activity (or Turnover) Ratio

5.9 Profitability Ratios

Unit 5: Cash Flow Statement

Chapter 6 Cash Flow Statement

6.1 Objectives of Cash Flow Statement

6.2 Benefits of Cash Flow Statement

6.3 Cash and Cash Equivalents

6.4 Cash Flows

6.5 Classification of Activities for the Preparation of Cash Flow Statement

6.6 Ascertaining Cash Flow from Operating Activities

6.7 Ascertainment of Cash Flow from Investing and Financing Activities

6.8 Preparation of Cash Flow Statement

Term I- MCQ BASED QUESTION PAPER of 40 marks of duration 90 minutes

UNIT ACCOUNTING FOR PARTNERSHIP FIRMS:

1 FUNDAMENTALS

2 CHANGE IN PROFIT SHARING RATIO

3 ADMISSION OF A PARTNER

COMPANY ACCOUNTS:

1 ACCOUNTING FOR SHARES

PART B ANALYSIS OF FINANCIAL STATEMENTS:

1 FINANCIAL STATEMENTS 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

2 ACCOUNTING RATIOS

OR

COMPUTERISED ACCOUNTING 1

1 OVERVIEW OF COMPUTERISED ACCOUNTING SYSTEM

2 ACCOUNTING APPLICATION OF ELECTRONIC SPREADSHEET

(Project Part I- 10 marks )

Term II- SUBJECTIVE QUESTION PAPER of  40 marks of duration 2 hrs. 

Part A

UNIT 1 ACCOUNTING FOR NOT-FOR PROFIT ORGANISATIONS

ACCOUNTING FOR PARTNERSHIP FIRMS:

1 RETIREMENT AND DEATH OF A PARTNER

2 DISSOLUTION OF PARTNERSHIP FIRMS

COMPANY ACCOUNTS: 

1 ACCOUNTING FOR DEBENTURES

PART B ANALYSIS OF FINANCIAL STATEMENTS: 

1 FINANCIAL STATEMENTS OF A COMPANY

(i) COMPARATIVE AND COMMON SIZE STATEMENTS

2 CASH FLOW STATEMENT

OR

COMPUTERISED ACCOUNTING 

1 USING COMPUTERISED ACCOUNTING SYSTEM

2 DATABASE MANAGEMENT SYSTEM

(Project Part II- 10 marks )

Tags

CBSE class 12th Accountancy