ACCOUNTANCY SYLLABUS | AHSEC CLASS 12 SYLLABUS 2022 - 23

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 Dissolution of Partnership Firm	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	Accounting for Share Capital Issue and Redemption of Debentures Financial Statements of a Company Analysis of Financial Statements Accounting Ratios Cash Flow Statement	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).

AHSEC - CLASS 12 REVISED SYLLABUS 2023 Exam

COMMERCE STREAM

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.