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All Subjects - Commerce
CBSE/Class 12-
12Chapters
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359Content
Key Highlights
- Video Lectures
- PDF Notes
- Practice Questions
Overview
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 )
Free Courses
Business Studies
Business Studies for Class 12 provides an extensive range of concepts and advanced information regarding the subject which includes all the questions provided in the Business Studies syllabus. A piece of good knowledge in the business can influence the growth of an organization, earning, personal development, and daily lives of people. The business has an important impact on the living and quality of lifestyle and also the environment we live in.
Part A: Principles and Functions of Management
Unit 1: Nature and Significance of Management
Concept:
- Management – concept, objectives, and importance
- Management as Science, Art and Profession
- Levels of Management
- Management functions-planning, organising, staffing, directing and controlling
- Coordination- concept and importance
Unit 2: Principles of Management
Concept:
- Principles of Management- concept and significance
- Fayol’s principles of management
- Taylor’s Scientific management- principles and techniques
Unit 3: Business Environment
Concept:
- Business Environment- concept and importance
- Dimensions of Business Environment,Economic, Social, Technological, Political and Legal
Unit 4: Planning
Concept:
- Planning: Concept, importance and limitation
- Planning process
Unit 5: Organising
Concept:
- Organising: Concept and importance
- Organising Process
- Structure of organisation- functional and divisional concept.
- Delegation: concept, elements and importance
- Decentralisation: concept and importance
Unit 11: Marketing
Concept:
- Marketing – Concept, functions and philosophies
- Marketing Mix – Concept and elements
- Product – branding, labelling and packaging – Concept
- Price – Concept, Factors determining price
- Physical Distribution – concept
- Promotion – Concept and elements; Advertising, Personal Selling, Sales Promotion and Public Relations
Economics
Introduction
Very short answer type
Short answer type
Long answer type
Detailed Solutions
CLASS XII - TERM-WISE CURRICULUM
TERM 1 - MCQ BASED QUESTION PAPER of 40 marks of 90 minutes
Part A: Introductory Macroeconomics
▪ Money and Banking
▪ Government Budget and the Economy
▪ Balance of Payments
Part B: Indian Economic Development
▪ Development Experience (1947-90) and Economic Reforms since 1991:
● Indian Economy on the eve of Independence
● Indian Economy (1950-90)
● Liberalisation, Privatisation and Globalisation : An Appraisal
▪ Current challenges facing Indian Economy
● Poverty
● Human Capital Formation
● Rural development
Project Work (Part 1): 10 Marks
TERM 2 - SUBJECTIVE QUESTION PAPER of 40 marks of 2 hrs
Part A: Introductory Macroeconomics
▪ National Income and Related Aggregates
▪ Determination of Income and Employment
Part B: Indian Economic Development
▪ Current challenges facing Indian Economy
● Employment
● Infrastructure
● Sustainable Economic Development
▪ Development Experience of India – A Comparison with Neighbours-
● Comparative Development Experience of India and its Neighbours
Project Work: 10 Marks
Course content
Accountancy Premium
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12Chapters
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314Videos
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45Pdfs
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Business Studies
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12Chapters
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Economics
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2Chapters
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0Lectures
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