Download CBSE class 12 Accountancy study material in PDF format. MyCBSEguide provides solved papers, board question papers, revision notes and NCERT solutions for CBSE class 12 Accountancy. The topics included are Fundamentals of partnership and Goodwill, Change in Profit sharing ratio of existing Partners, Admission of a Partner, Retirement and Death of a Partner, Dissolution of Partnership, Company Accounts Issue of Shares, Company Accounts Issue of Debentures, Redemption of Debentures, Financial Statements & Analysis of Financial Statements, Tools of Financial Analysis Accounting Ratios and Cash Flow Statement.
Part A: Accounting for Partnership Firms and Companies ( 60 Marks)
Unit 1: Accounting for Partnership Firms
Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss, Appropriation account- division of profit among partners, guarantee of profits.
Scope: Interest on partner's loan is to be treated as a charge against profits.
Accounting for Partnership firms – Reconstitution and Dissolution.
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.
In case, the realization expenses are borne by a partner, clear indication should be given regarding the payment thereof.
Unit-2: Accounting for companies( 60 Periods)
Accounting for Share Capital
Accounting for Debentures
Note: Related sections of the Indian Companies Act,2013 will apply.
Part B: Financial Statement Analysis ( 20 Marks)
Unit 3: Analysis of Financial statement
Scope: Exceptional items, extraordinary items and profit (loss) from discontinued operations are excluded.
Liquidity Ratios: Current ratio and Quick ratio.
Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and 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.
Note: Net Profit Ration is to be Calculated on before and after tax.
Unit 4: Cash flow statement
(i) Adjustments relating to depreciation and amortization, profit or loss on sale of assets including investments, dividend (both final and interim) and tax.
(ii) Bank overdraft and cash credit to be treated as short term borrowings.
(iii)Current Investments to be taken as Marketable securities unless otherwise specified.
Project Work ( 20 Marks)
Note: Kindly refer to the Guidelines published by the CBSE.
Part B: Computerised Accounting (60 Periods)
Unit 3: Computerised Accounting
Overview of Computerised Accounting System.
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.
Part C: Practical Work ( 20 Marks)
Please refer to the guidelines published by CBSE.