ACCOUNTANCY
SYLLABUS FOR HIGHER SECONDARY FINAL YEAR COURSE
AHSEC CLASS 12 SYLLABUS 2022 - 23
Unit wise Distribution of Marks and Periods:
Part A:
Accounting for Not-for-Profit Organisations and Partnership Firms (50 Marks)
Unit
No. |
Topics |
Marks |
Periods |
Unit-I Unit-II Unit-III Unit-IV Unit-V |
Accounting for nor Not-for Profit Organisations Accounting for Partnership : Basic Concepts Reconstitution of Partnership Firm–Admission of a Partner Reconstitution of Partnership Firm–Retirement/Death of a Partner |
08 10 08 08 06 |
20 20 25 20 15 |
|
|
40 |
100 |
EITHER
Part B:
Company Accounts and Analysis of Financial Statements (50 Marks)
Unit No. |
Topics |
Marks |
Periods |
Unit-I Unit-II Unit-III Unit-IV Unit-V Unit-VI |
Issue and Redemption of Debentures Financial Statements of a Company |
10 08 08 06 04 04 |
30 20 15 15 10 10 |
|
|
40 |
100 |
Or
Part C: Computerised Accounting System
Unit No. |
Topics |
Marks |
Periods |
Unit-I Unit-II Unit-III Unit-IV |
Overview of Computerised Accounting System Using Computerised Accounting System Accounting Using Database Management System Accounting Applications of Electronic Spreadsheet |
08 12 12 08 |
20 30 30 20 |
|
|
40 |
100 |
Unit wise
Distribution of Course Contents
Part A:
Accounting for Not-for-Profit Organisations and Partnership Firms
[Total
Marks 50/ Total Periods -100]
For Accountancy Class 12 Complete Notes, Papers and Solutions, Question Bank both theory and practical click here
Unit I: Accounting for Not-for-profit Organisations:
v Meaning,
characteristics and accounting records of Not-for-profit Organisations.
v Receipts
and Payments Account: Meaning and Preparation.
v Income and
Expenditure Account : Meaning, special terms used in Not-for-profit
Organisations, treatment of some peculiar items in Income and Expenditure
Account,
v Concept
of Fund Based and Non-fund Based accounting, Preparation of Income and
Expenditure Account and Balance Sheet from a Receipts and Payments Account and
additional information and from a given Trial-Balance.
v
Incidental
Trading Activities by a Not-for-Profit Organisation.
Unit II: Accounting of Partnership:
v Basic
Concepts, Characteristics of Partnership, Partnership Deed, Contents of
Partnership Deed.
v Maintenance
of Capital Accounts of Partners: Fixed and Fluctuating Capital, Distribution of
profit among partners, interest on capital, drawings. Interest on drawings,
interest on Partner’s loan to a firm, salary/commission to a partner, Guarantee of Profit to a partner, past adjustments.
v Preparation
of Final Accounts of Partnership Firm.
Unit-III: Reconstitution of Partnership Firm – Admission of a Partner:
v Modes
of Reconstruction of Partnership Firm.
v Admission
of New Partner: Matters relating to admission of a New Partner, New Profit
Sharing Ratio, Sacrificing Ratio.
v Goodwill:
Nature, needs, factors affecting and methods of valuation: Average profits,
Super profits and Capitalisation
method, accounting treatment of goodwill on admission of a partner.
v Treatment
of Accumulated Profits and Losses, Revaluation of assets and Re-assessment of
Liabilities.
v
Adjustment of
capitals, change in Profit sharing ratio among the Existing Partners.
Unit-IV: Reconstitution of Partnership Firm – Retirement/Death
of a Partner:
v Ascertaining
the Amount Due to Retiring/Deceased Partner.
v Matters
requiring attention at the time of retirement : New Profit Sharing Ratio,
Gaining Ratio, Treatment of Goodwill, Revaluation of assets and Re-assessment
of Liabilities, Adjustment of accumulated Profits/Reserve and Losses.
v Disposal
of Amount due to Retiring Partner.
v Adjustment
of Partners capital.
v
Death of a partner:
Calculation of profit for the current period. Treatment of Joint Life Policy
and Individual Life Policy in case of death of a partner.
Unit-V: Dissolution of Partnership Firm:
v Meaning,
Dissolution of Partnership, Dissolution of a Firm.
v Settlement
of Accounts: Preparation of Realisation Accounts and other related accounts;
(excluding Piece meal distribution, insolvency of a partner and sale to a
company).
3. ACCOUNTANCY
4. BUSINESS STUDIES
5. BANKING
6. ECONOMICS
7. BUSINESS MATHEMATICS AND STATISTICS (BMST)
8. SALESMANSHIP AND ADVERTISING
9. INSURANCE
10. ECONOMIC GEOGRAPHY
11. ENREPRENEURSHIP DEVELOPMENT
12. COMPUTER SCIENCE AND ITS APPLICATIONS
EITHER
Part-B:
Company Accounts and Analysis of Financial Statements
(Total
Marks: 50/ Total Periods: 100
Unit-I: Accounting for Share Capital:
v Company:
Meaning and definitions, features and types.
v
Share Capital: Meaning, classifications, Nature and
class of shares. Accounting for Issue and allotment of Equity and Preference
shares, Oversubscription – proportionate allotment, under subscription,
Calls-in-Arrears, Calls-in-Advance, Issue of share at par, at a premium and at
a discount, Issue of
shares for consideration other than cash.
v
Accounting for forfeiture of shares and Re-issue of
forfeited shares.
v
Buy-back of
shares – meaning.
Unit-II: Issue and Redemption of Debentures:
v Debentures:
Meaning and Types.
v
Accounting for Issue of Debentures: Issue of
debentures at par, at a premium, at a discount, oversubscription, issue of debentures for
consideration other than cash, issue of debentures as a Collateral Security.
v Terms
of Issue of Debentures.
v
Accounting
for Interest on Debentures, writing off Discount/Loss on Issue of Debentures.
v
Redemption of debentures: by payment in Lump-sum, purchase in open market, by
conversion, Sinking Fund Method.
Unit-III: Financial Statements of a Company:
v Financial
Statement: Meaning, Nature, Objectives, Types, Uses and Importance,
Limitations.
v Income
Statement: Form and Contents.
v Balance
Sheet: Form and Contents.
Unit-IV: Analysis of Financial Statements:
v Meaning,
Significance, Objectives, Tools of Financial Statements: Comparative Statement,
Common Size Statements, Trend Analysis, Limitations of Analysis of Financial
Statements.
Unit-V: Accounting Ratios:
v Meaning
of Accounting Ratios.
v Ratio
Analysis : Objectives, Advantages, Limitations and
v
Types –
Liquidity Ratios, Solvency Ratios, Activity (Turnover) Ratios and Profitability
Ratios.
Unit-VI: Cash Flow Statements:
v Meaning,
Nature and Objectives of Cash Flow Statements.
v
Preparation
of Cash Flow Statements (as per Accounting Standard issued by ICAI)
OR
Part - C:
Computerized Accounting System:
(Total Marks:
50/Total Periods: 100)
Unit - I: Overview of Computerised Accounting System:
v Concept
and Types of Computerised Accounting System (CAS).
v Features
of a Computerised Accounting System.
v Structure
of a Computerised Accounting System.
Unit - II: Using Computerised Accounting System:
v Steps
in installation of CAS. Preparation of chart of accounts, Codification and
Hierarchy of account heads.
v Data
Entry, Date Validation and Data verification.
v Adjusting
Entries. Preparation of financial statements. Closing entries and opening
entries, Security features generally available in CAS (Students are expected to
understand and practise the entire accounting process).
Unit -III: Accounting Using Database management System (DBMS):
v Concept
of DBMS.
v Objective
of DBMS: Tables, Queries, Forms, Reports.
v Creating
data tables for accounting.
v
Using
Queries, forms and Reports for generating accounting information, Applications
of DBMS in generating accounting information such as shareholders records,
sales reports, customers profile, suppliers profile, pay roll, employees
profile, petty cash register.
Unit - IV: Accounting Applications of Electronic Spreadsheet:
v Concept
of an Electronic Spreadsheet (ES).
v Features
offered by Electronic Spreadsheet (ES).
v
Applications
of Electronic Spreadsheet in generating accounting information, preparing depreciation
schedule, loan repayment schedule, pay-roll accounting and other such applications.
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