This page provides an overview of the Class XII Accountancy syllabus and marking scheme, designed to guide students in preparing for their CBSE board exams. The syllabus focuses on key topics such as Accounting for Partnership Firms, Companies, and Financial Statements Analysis. It aims to enhance students' understanding of financial accounting and its practical applications. The marking scheme outlines the weightage given to various sections, helping students plan their preparation effectively and score well in the exam.
Class XII Accountancy Syllabus and Marking Scheme
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Class |
Subject Code |
Subject Name |
Theory Marks |
Time (h) |
Internal Assessments Marks |
Total Marks |
Group |
|
12 |
55 |
Accountancy |
80 |
3 |
20 |
100 |
Group A |
The Class 12 Accountancy syllabus is designed to provide students with a deep understanding of accounting principles and their practical applications. The syllabus is divided into two parts: Partnership Accounting and Company Accounts along with Financial Statement Analysis. Key topics include the reconstitution and dissolution of partnership firms, accounting for share capital, and preparation of cash flow statements. This syllabus equips students with the essential skills required for analyzing and interpreting financial data, preparing them for both their board exams and future careers in accounting and finance.
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Class XII Accountancy Syllabus & Marking Scheme (2024-25) |
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Parts |
Unit Name |
Key concept |
Marks |
Weightage |
|
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). |
36 |
36% |
|
Fixed vs. fluctuating capital accounts, Profit and Loss Appropriation account, guarantee of profits, past adjustments, goodwill valuation (average profit, super profit, capitalization). |
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Reconstitution and Dissolution of Partnership: |
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Change in Profit Sharing Ratio: sacrificing ratio, gaining ratio, revaluation of assets/liabilities, treatment of reserves, accumulated profits/losses. |
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Admission of a Partner: impact on profit-sharing ratio, goodwill treatment (AS 26), revaluation of assets/liabilities. |
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Retirement and Death of a Partner: adjustments related to goodwill, reserves, accumulated profits/losses, revaluation of assets/liabilities, loan account, capital/current account, executor's account. |
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Dissolution of Partnership Firm: meaning, types, realization account, partners' capital, and cash/bank accounts (excluding piecemeal distribution, sale to a company, and insolvency). |
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Unit 2: Accounting for Companies |
Accounting for Share Capital |
24 |
24% |
|
|
Features and types of companies, share and share capital, types of shares. |
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Accounting for share capital: issue/allotment of shares, over/under subscription, calls in advance/arrears, issue at par/premium, consideration other than cash. |
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Private Placement, ESOP, Sweat Equity. |
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Forfeiture and Re-issue of shares. |
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Accounting for Debentures |
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Meaning, types, issue of debentures at par/premium/discount, debentures as collateral security, interest on debentures. |
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Writing off discount/loss on issue of debentures. |
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|
Part B: Financial Statement Analysis |
Unit 3: Analysis of Financial Statements |
Financial statements of a company: meaning, nature, importance, format (as per Schedule III to the Companies Act, 2013). |
12 |
12% |
|
Tools for Financial Statement Analysis: Comparative statements, common size statements, ratio analysis, cash flow analysis. |
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Accounting Ratios |
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Meaning, objectives, advantages, classification, and computation of various ratios: |
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- Liquidity Ratios: Current ratio, Quick ratio. |
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- Solvency Ratios: Debt to Equity, Total Asset to Debt, Proprietary, Interest Coverage, Debt to Capital Employed ratios. |
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- Activity Ratios: Inventory Turnover, Trade Receivables Turnover, Trade Payables Turnover, Fixed Asset Turnover, Net Asset Turnover, Working Capital Turnover ratios. |
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- Profitability Ratios: Gross Profit, Operating, Operating Profit, Net Profit, Return on Investment. |
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Unit 4: Cash Flow Statement |
Meaning, objectives, benefits, Cash and Cash Equivalents, classification of activities, preparation (as per AS 3 using indirect method). |
8 |
8% |
|
|
Part C : Project Work |
Project File |
12 |
12% |
|
|
Viva Voce |
8 |
8% |
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| Total |
|
100 |
100% |
|
|
OR |
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Part B: Computerised Accounting |
Unit 4: Computerised Accounting |
Overview of Computerised Accounting System |
20 |
20% |
|
Introduction: Application in Accounting. |
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Features of Computerised Accounting System. |
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Structure of CAS. |
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Software Packages: Generic, Specific, Tailored. |
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Accounting Application of Electronic Spreadsheet |
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Concept of electronic spreadsheet. |
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Features offered by electronic spreadsheet. |
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Application in generating accounting information: Bank reconciliation statement, asset accounting, loan repayment schedule, ratio analysis. |
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Data representation: graphs, charts, and diagrams. |
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Using Computerised Accounting System |
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Steps in installation of CAS, codification and hierarchy of account heads, creation of accounts. |
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Data: Entry, validation, and verification. |
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Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries. |
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Need and security features of the system. |
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Part C: Practical Work |
Hands-on application of CAS through practical work. |
20 |
20% |
|
Whether you're aiming for high scores in the board exams or preparing for competitive exams, knowing the weightage of each chapter and understanding the paper pattern will allow you to focus on important topics and manage your study time wisely. The marking scheme provides a breadkdown of the marks allocated to each chapter
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Class XII Accountancy Marking Scheme & Chapter-wise Weightage (2024-25) |
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|
Parts |
Unit |
Unit Name |
Marks |
Weightage % |
|
Part A: Accounting for Partnership Firms and Companies |
Unit 1 |
Accounting for Partnership Firms |
36 |
36% |
|
Unit 2 |
Accounting for Companies |
24 |
24% |
|
|
Part B: Financial Statement Analysis |
Unit 3 |
Analysis of Financial Statements |
12 |
12% |
|
Unit 4 |
Cash Flow Statement |
8 |
8% |
|
|
Part C : Project Work |
Project File |
12 |
12% |
|
|
Viva Voce |
8 |
8% |
||
|
Total |
100 |
100% |
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|
OR |
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|
Part B: Computerised Accounting |
Unit 4 |
Computerised Accounting |
20 |
20% |
|
Part C: Practical Work |
20 |
20% |
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The exam pattern for Class 12 Accountancy includes a mix of objective, subjective, and analytical questions. Understanding the exam pattern helps students focus on the structure of the exam, including the types of questions, marks distribution, and time allocation. Here’s an overview of the question format and total marks.
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Class XII Accountancy Exam Pattern (2024-25) |
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Number of sections :2 (Part A & Part B) Part A Questions no. 1-26 ( Compulsory for all candidates) Part B Questions no. 27-34 ( Two options (i) Analysis of financial statements (ii) Computerised Accounting |
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Type of Questions |
No. of Questions |
Marks Per Question |
Total Marks |
|
Very short answer type |
20 |
1 |
20 |
|
short answer type |
6 |
3 |
18 |
|
case based questions |
3 |
4 |
12 |
|
long answer type |
5 |
6 |
30 |
|
Total |
34 |
80 |
|
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Practical |
20 |
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Grand Total |
100 |
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Here is the latest paper design of class 12th Accountancy subject.
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Class XII Accountancy Exam Pattern (2024-25) |
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|
Number of sections :2 (Part A & Part B) Part A Questions no. 1-26 ( Compulsory for all candidates) Part B Questions no. 27-34 ( Two options (i) Analysis of financial statements (ii) Computerised Accounting |
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|
Type of Questions |
No. of Questions |
Marks Per Question |
Total Marks |
|
Very short answer type |
20 |
1 |
20 |
|
short answer type |
6 |
3 |
18 |
|
case based questions |
3 |
4 |
12 |
|
long answer type |
5 |
6 |
30 |
|
Total |
34 |
80 |
|
|
Practical |
20 |
||
|
Grand Total |
100 |
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Understanding the syllabus and marking scheme of Class 12 Accountancy is essential for students aiming to perform well in their CBSE board exams. Here are the key benefits:
Organized Learning: The syllabus provides a detailed outline of all topics you need to cover, from Accounting for Partnership Firms to Financial Statements Analysis. This helps you stay focused and ensures you cover every important topic systematically.
Strategic Study Plan: The marking scheme highlights how marks are distributed across various sections, such as Partnership Accounting and Company Accounts. This enables you to allocate more time to high-weightage topics and optimize your study efforts for maximum results.
Better Time Management: With a clear understanding of the syllabus and marking scheme, you can efficiently manage your time while studying and during the exam. You’ll know which topics to prioritize and how to approach different question types based on their importance.
Exam Clarity: Familiarity with the syllabus and marking scheme helps reduce exam-day surprises. You’ll have a clear idea of the types of questions that will be asked and the weight each section carries, allowing you to prepare confidently.
Focused Revision: The syllabus serves as a checklist for revision, ensuring all topics are covered. Combined with the marking scheme, you can focus more on areas that will fetch you higher marks, making your revision more efficient.
Effective preparation for Class 12 Accountancy involves a mix of conceptual understanding and regular practice. Here are some strategies to help you excel in your exam:
Master the NCERT Textbook: The NCERT textbook is the foundation of the CBSE Accountancy exam. Go through each chapter thoroughly, especially the sections on Partnership Accounting, Company Accounts, and Financial Statements Analysis, as these are major areas covered in the syllabus.
Focus on Conceptual Clarity: Accountancy is not about rote learning. You must understand the underlying principles and processes behind each accounting concept. Ensure you can explain topics like dissolution of partnership firms, reconstitution, issue of shares, and cash flow statements clearly.
Practice Journal Entries and Calculations: Regular practice is essential for mastering journal entries, ledger postings, and financial statement preparation. Solve numerous problems related to key concepts to get comfortable with the format and calculations required in the exam.
Create Notes and Formulas: While studying, make concise notes and list formulas for quick reference. These notes will be helpful during revision to quickly refresh important concepts, ratios, and accounting treatments before the exam.
Solve Sample Papers and Past Papers: Practicing previous years' board exam papers and sample papers helps you familiarize yourself with the exam pattern and improve your time management skills. It will also give you an idea of how questions are structured and help you practice under timed conditions.
Understand the Marking Scheme: Keep the marking scheme in mind while solving problems. Pay special attention to high-weightage sections like Partnership Accounting and Accounting for Companies, as they require detailed understanding and practice.
Focus on Presentation: Accountancy exams require clean and organized presentation. Ensure your journal entries, balance sheets, and cash flow statements are well-structured and neatly presented, as clarity in presentation can help you score higher marks.
Regular Revision: Consistent revision is key to success in Accountancy. Go over each topic multiple times, especially the practical aspects, to ensure you remember important concepts and are ready to tackle any type of question in the exam.
By following these steps and staying consistent with your preparation, you can excel in Class 12 Accountancy and achieve excellent results in your board exam.