CBSE Accountancy Syllabus

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CBSE Accountancy Syllabus

The fast-changing economic scenario, accounting as a source of financial information has blocked the place for itself at the senior secondary stage. This syllabus helps in making the foundation firm in accounting concepts and methodologies. The emphasis in class XI is placed on basic concepts and process of accounting leading to the preparation of accounts for sole proprietorship form. Students are also familiarized with basic calculations Of Goods and Service Tax (GST) for business transactions. Computerized Accounting System at class XI is a compulsory component and for class XII it is offered as an optional subject. They help to impart skills for designing need base accounting database for maintaining book of accounts. The course of accountancy at the senior secondary stage introduces the learners to the world of business and emphasize on strengthening fundamentals.

Recently the board has announced that a minimum of 33% is required to pass in both practical and theory.

The sheet including the dates will be released in January and the vocational subjects from February to March 2019.


Unit 1: Accounting Not For Profit Organization

Not for profit Organization: meaning and examples.

Receipts and Payments: Meaning and Concept of fund based and non-fund based accounting.

 Preparation of Income and Expenditure account and Balance sheet from receipt and payment account.

Unit II: Accounting for partnerships

 Nature of Partnership Firm: Partnership deed (meaning and importance)

 Final Accounts of Partnership: Fixed v/s Fluctuating capital, Division of profit among partners, Profit and Loss Appropriation account

Unit III Reconstitution of Partnership

Changes in profit sharing ratio among the existing partners- Sacrificing Ratio and Gaining Ratio

Accounting for Revaluation of Assets and Liabilities of Distribution of Reserves and Accumulated Profits.

Goodwill: Nature, Factors affecting and the Methods of valuation: Average profit, Super Profit, Multiplier and Capitalisation Method.

Admission of a Partner: Effect of admission of a partner, Change in profit sharing ratio, the Accounting treatment for goodwill, Revaluation of assets and liabilities.

Retirement/Death of a partner: Change in profit sharing ratio, Accounting treatment of goodwill, Revaluation of assets and liabilities, Adjustment of accumulated profits reserves.

Unit IV Dissolution of Partnership Firm

Meaning Settlements of accounts: Preparation of realization account and related accounts.

Unit V Accounting for Share and Debenture Capital

Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares; over subscriptions and under subscriptions; the issue at par, premium and at discount; Calls in advance, Calls in arrears, Issue of shares for consideration other than cash.

 Issue of Debenture – At par, premium and discount; Issue of debentures for consideration other than cash.

Redemption of debenture.

 Out of proceeds of fresh issue, accumulated profits and sinking fund.

Unit VI: Analysis of Financial Statements

Financial Statements of a Company: Preparation of simple financial statements of a company in a prescribed form with major headings only.

 Financial Analysis: Meaning, Significance and Purpose Limitations.

Tools For Financial Analysts: Comparative Statements, Common Size Statements

Accounting Ratios: Meaning and Objectives, Types of Ratios: Liquidity Ratios: Current ratio, Liquidity ratio: Current Ratio.

 Activity Ratio: Inventory turnover, Debtors turnover, Payables turnover, Working capital turnover, Fixed assets turnover, Current assets turnover.

Author: Sahithi shetty

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