SYLLABUS
CLASS XII
3 Hours
UNITS MARKS
Part A : Accounting for Not-For-Profrt Organisations,
Partnership Firms and Companies
1. Accounting for not-for-profit organisations. 10
2. Accounting for Partnership Firms 05
3. Reconstitution of Partnership 20
4. Accounting for Share Capital and Debenture 25
60
Part B : Financial Statement Analysis
5. Analysis of Financial Statements 12
6. Cash Flow Statement 08
7. Project Work 20
Unit -1 : Project File 4 marks
Unit-2 : Written Test 12 Marks (One hour)
Unit 3 : Viva-Wee 4 Marks 40
Unit : 1 Accounting for Not-For-prolit Organisations
• Not for profit organisation: Meaning and examples.
• Receipts and Payments: Meaning and concept o£ fund based accounting.
• Preparation of Income and Expenditure Account and Balance Sheet from Receipt and Payment Account with additional information.
Unit : 2 Accounting for Partnership Firms
• Nature of Partnership firm: Partnership Deed-meaning,
importance.
• Final Accounts of Partnership: Fixed vs Fluctuating Capital, Division of Profit among partners, Profit and Loss Appropriation Account
Unit 3 : Reconstitution of Partnership
• Changes in Profit Sharing Ratio among the exsiting partners-Sacrificing Ratio and Gaining Ratio
• Accounting for Revaluation of Assets and Liabilities and distribution of reserve and Accumulated Profits.
• Goodwill: Nature, Factors affecting and methods of valuation: Average profit Super profit and Capitalisation methods.
• Admission of a Partner: Effect of Admission of Partner, Change in Profit Sharing Ratio, Accounting Treatment for Goodwill, Revaluation of Assets and Liabilities Reserves (accumulated Profits) and Adjustment of Capitals.
• Retirement/Death of a Partner; Change in Profit Sharing ratio, accounting treatment of Goodwill, Revaluation of Assets and Liabilities, Adjustment of accumulated Profits (Reserves) and capitals.
Unit : 4 Accounting for Share Capital and Debenture
• Share Capital: Meaning, Nature and Types.
• Accounting for share capital: Issue and Allotment of Equity and Preference Shares; Private placement of shares, meaning of employee stock option plan public subscription of shares; Over Subscription and under subscription; issue at par. premium and at discount; Calls in advance, Calls in arrears, issue or snares for consideration other than cash.
• Forfeiture of Sharps; accounting treatment, re-issue of forfeited shares.
• Presentation of Shares Capital and Debenture in Company’s Balance Sheet,
• Issue of debentures – at par and premium; issue of debenture for consideration other than cash.
• Redemption of debenture out of Capital; redemption methods : lump sum, payment, draw by lots. Purchase in the open market and conversion (excluding cum-interest and ex-interest)
Unit : 5 Analysis of Financial Statements
(a) Financial Statements of a :Preparation of Simple Balance Company Sheet of a Company in the prescribed form with major headings only.
(b) Financial Statement Analysis Meaning, Significance and
Purpose, Limitations.
(c) Tools for Financial Statement Comparative Statements, Analysis Common Size Statements.
(d) Accounting Ratios Meaning and Objectives, Types of Ratios :
Liquidity Ratios Current Ratio, Liquid Ratio.
Solvency Ratios Debt to Equity, Total Assets to Debt, Proprietary Ratio.
Activity Ratios Iventory Turnover, Debtors Turnover, Payable Turnover, Working Capital turnover and Fixed Assets Turnover.
Profitability Ratios Gross Profit, Operating Ratio, Net Profit Ratio, Return on Investment, Earning Per Share, Dividend Per Share, Price Earning Ratio.
Unit : 6 Cash Flow Statement
Cash Flow Statement : Meaning and Objectives, Preparation, Adjustment related to depreciation, dividend and tax, sale and purchase of non-current assets (as per revised standard issued by ICAI).
Unit : 7 Project Work
K.Ramasamy's blog for CBSE ACCOUNTANCY XII 
Recent Comments