NCERT Syllabus for Class 12 Accountancy 2022-2023, Check Details and Download PDF

Candidates who are in Class 12 should refer to the NCERT Syllabus for Class 12 Accountancy 2022-2023. Going through the curriculum and understanding its requirements can help shape your studies in a better way. When you know the way and guidelines for CBSE exams, you can prepare yourself for your exams and score good grades. Most CBSE-affiliated schools prefer the NCERT syllabus because of its numerous benefits. Therefore, we recommend students have an overview of the curriculum and prepare themselves for their exams accordingly.

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The NCERT Syllabus for Class 12 Accountancy 2022-2023 explains the marks distribution, course content, project work, and other important details. Accounting for Partnership Firms, Accounting for Companies, Analysis of Financial Statements, and Cash Flow Statement are some of the chapters from the syllabus. However, these are further divided into sub-topics, which are discussed in the article below. Read the complete blog to know all the necessary information regarding the NCERT Syllabus for Class 12 Accountancy 2022-2023. The curriculum is very helpful as it improves the learning abilities of students and guides them to score excellent marks in their exams. We have also provided the link to download the syllabus PDF. 
 

NCERT Syllabus for Class 12 Accountancy 2022-2023

NCERT Syllabus for Class 12 Accountancy 2022-2023: Marks Distribution

NCERT Syllabus for Class 12 Accountancy 2022-2023: Course Content

Part A: Accounting for Partnership Firms and Companies

Unit 1: Accounting for Partnership Firms
Partnership 

• Features
• Partnership Deed
• Provisions of the Indian Partnership Act 1932 in the absence of partnership deed
• Fixed v/s fluctuating capital accounts
• Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits
• Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio)
• Goodwill − 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 and accumulated profits
• 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 reassessment of liabilities
• Treatment of reserves and accumulated profits
• Adjustment of capital accounts and preparation of 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 and reserves
• Adjustment of capital accounts and preparation of 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
• Executor’s account and preparation of balance sheet

Dissolution of a 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)

Unit-2 Accounting for Companies
Accounting for Share Capital
Share and share capital −

• Nature
• Types

Accounting for share capital 

• Issue and allotment of equity shares
• Private placement of shares
• Employee Stock Option Plan (ESOP)
• Public subscription of shares - over subscription and under subscription of shares
• Issue at par and at premium
• Calls in advance and arrears (excluding interest)
• Issue of shares for consideration other than cash

Accounting treatment of forfeiture and re-issue of shares
Disclosure of share capital in company’s Balance Sheet

Accounting for Debentures
Debentures −

• Issue of debentures at par, at a premium and at 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

Redemption of debentures −

• Lump sum, draw of lots and purchase in the open market (excluding exinterest and cum-interest)
• Creation of Debenture Redemption Reserve
   

Part B: Financial Statement Analysis

Unit 3: Analysis of Financial Statements
Financial statements of a company 

• Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and sub headings (as per Schedule III to the Companies Act, 2013)

Financial Statement Analysis −

• Objectives
• Importance
• Limitations

Tools for Financial Statement Analysis −

• Comparative statements
• Common size statements
• Cash flow analysis
• Ratio analysis

Accounting Ratios −

• Objectives
• Classification
• Computation

Liquidity Ratios −

• Current ratio
• Quick ratio

Solvency Ratios −

• Debt to Equity Ratio
• Total Asset to Debt Ratio
• Proprietary Ratio
• 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

Unit 4: Cash Flow Statement

• Meaning
• Objectives
• Preparation (as per AS 3 (Revised) (Indirect Method only)

Part B: Computerised Accounting

Unit 3: 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

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 

NCERT Syllabus for Class 12 Accountancy 2022-2023 PDF Download 

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• Every topic is well explained.
• Since the NCERT books cover every subject included in the CBSE Class 12 Syllabus, you may simply rely on them for your board examinations.
• Experienced and renowned authors compose and write the NCERT books with in-depth subject knowledge.
• The prices of NCERT books (Paperback) are fair. Additionally, Class 12 Hindi Book PDFs are open-source and free to read.

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