CBSE Class 12 Accountancy Syllabus 2022-23 PDF Download

Accountancy Class 12 Syllabus 2022-23

CBSE class 12 Accountancy syllabus 2022-23 has been released by CBSE on the official website. Class 12th is the final stage of the higher secondary studies, therefore students have to prepare well to get admission to reputed colleges for further studies. Accountancy is introduced in class 11 and continues as the main subject in 12 also. Accountancy is important for the students of commerce as it helps to understand the business and financial processes. CBSE Class 12 Accountancy syllabus 2022-23 will help the students to cover all the topics and to understand the marks distribution throughout the course. In this article we have included all the details you need in one place, from question paper design to unit wise summary, we have included all the details you’ll need. Here, we have also included mark distribution along with the syllabus, so that the students can understand the marking scheme.

CBSE Class 12 Accountancy Syllabus 2022-23

Students can the details about CBSE class 11 Accountancy syllabus 2022-23 in this article. There are four units and practical works included in the syllabus for the academic year of 2022-23. The units comply into parts based on topics, there are their parts in the CBSE class 11 Accountancy syllabus 2022-23. Parts of the syllabus are Accounting for partnership firms and companies, financial statement analysis, or Computerised accounting and project work or practical work. The below-given table will make the students understand the unit, marks distribution, and the number of periods. The total marks for the CBSE class 11 Accountancy exam is 100, in which practical or project work contributes 20 marks and the rest of the theory is 80 marks. The time given for the students to complete the exam is 3 hours.

CBSE Class 12 Accountancy Syllabus 2022-23

 

Units

 

Periods Marks
Part accounting accounting accounting Accounting for Partnership Firms and Companies
Unit 1. Accounting for Partnership Firms 105 36
Unit 2. Accounting for Companies 45 24
150 60
Part B Financial Statement Analysis
Unit 3. Analysis of Financial Statements 30 12
Unit 4. Cash Flow Statement 20 8
project 20
Part C Project Work 20 20
Project work will include:
Project File 4 Marks
Written Test 12 Marks (One Hour)
Viva Voce 4 Marks
Or
Part B Computerized Accounting
Unit 4. Computerized Accounting 50 20
Part C Practical Work 20 20
Practical work will include:
Practical File 4 Marks
Practical Examination 12 Marks (One Hour)
Viva Voce 4 Marks
Total 100

Class 12 Accountancy Syllabus 2022-23 PDF Download

Download PDF Class 12 Accountancy Syllabus 2022-23

CBSE Class 12 Accountancy Syllabus 2022-23: Unit-wise Summary

CBSE Class 12 Accountancy Syllabus 2022-23 Unit-1: Accounting for Partnership Firms 

Part-A: Accounting for Partnership Firms and Companies

  • Partnership: features, Partnership Deed.
  • Provisions of the Indian Partnership Act 1932 in the absence of a partnership deed.
  • Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation account- a division of profit among partners, a 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.

Calculation of deceased partner’s share of profit till the date of death. Preparation of deceased partner’s capital account and his executor’s account.

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)).

i)If the realized value of tangible assets is not given it

should be considered as realized at book value itself.

ii)If the realized value of intangible assets is not

given it should be considered nil (zero value).

  1. ii) In case, the realization expenses are borne by a partner, a clear indication should be given regarding the payment thereof.

CBSE Class 12 Accountancy Syllabus 2022-23: Unit-2 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 a premium, call 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 reissue 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 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. Writing off discount/loss on the issue of debentures.

CBSE Class 12 Accountancy Syllabus 2022-23 Unit 3: Analysis of Financial Statements 

Part B: Financial Statement Analysis 

Financial statements of a Company:  Meaning, Nature, Uses, and importance of financial statements.

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

2013)

  • Financial Statement Analysis: Meaning, Significance Objectives, importance, and limitations.
  • Tools for Financial Statement Analysis: Cash flow analysis, ratio 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.

CBSE Class 12 Accountancy Syllabus 2022-23 Unit-4: Cash Flow Statement 

  • Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities, and preparation.

OR

CBSE Class 12 Accountancy Syllabus 2022-23 Unit 4: Computerised Accounting

Part B: 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 the 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 the 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.

CBSE Class 12 Accountancy Syllabus 2022-23: Question paper Design

TheIn theSE Class 12 Accountancy Syllabus 2022-23, Question-based design will help the students to understand the question paper and the marking scheme. Question paper design includes the type of questions students should expect, weightage per topic, and the marks each topic contains. Total number

SN Typology of Questions Marks Percentage
1 Remembering and Understanding 44 55%
2 Applying

 

19 23.75%
3 Analyzing, Evaluating, and Creating

 

17 21.25%
TOTAL 80 100%

 

CBSE Class 12 Accountancy Syllabus 2022-23: FAQs

1.Is there any syllabus reduction in the CBSE class 12 Accountancy Syllabus?

Ans. For the academic year of 2022-23, the board has not reduced the syllabus. The students have to study all the syllabus or 100 percent of the syllabus to appear in the exams.

2. What is the syllabus of accounts for class 12?

Ans. CBSE Class 12 Accountancy 2022-23 contains four units, Accounting for Partnership Firms, Accounting for Companies, Analysis of Financial Statements, and Cash Flow Statement.

3. Is the CBSE class 12 Accountancy Syllabus released?

Ans. Yes, the CBSE class 12 Accountancy Syallabus 2022-23 has been released and students can download the syllabus from the official website. To get more details visit the official website.

4. Will the CBSE class 12 board exam cancelled?

Ans. The board has not announced any cancellation of the CBSE class 12 boards for 2022-23. The exam is going to be held in April, in offline mode.

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