ACCOUNTANCY SYLLABUS [AHSEC CLASS 12 SYLLABUS FOR 2024-25 EXAM]

ACCOUNTANCY NEW SYLLABUS

SYLLABUS FOR HIGHER SECONDARY FINAL YEAR COURSE

AHSEC CLASS 12 NEW SYLLABUS 2024 - 25

Unit wise Distribution of Marks and Periods:

Part A: Accounting for Partnership Firms (40 Marks)

Units	Topics	Marks	Periods
Unit-I	Accounting for Partnership-Basic Concepts.	12	30
Unit-II	Reconstitution of a Partnership Firm-Admission of a Partner.	10	25
Unit-III	Reconstitution of a Partnership Firm-Retirement/Death of a Partner.	10	20
Unit-IV	Dissolution of a Partnership Firm.	08	20
	Total (Part A)	40	95

EITHER

Part B: Company Accounts and Analysis of Financial Statements (40 Marks)

Units	Topics	Marks	Periods
Unit-I	Accounting for Share Capital.	10	25
Unit-II	Issue and Redemption of Debenture.	08	20
Unit-III	Financial Statements of a Company.	08	15
Unit-IV	Analysis of Financial Statements.	06	15
Unit-V	Accounting Ratios.	04	10
Unit-VI	Cash Flow Statement.	04	10
	Total (Part B)	40	95

OR

Part C: Computerised Accounting System (40 Marks)

Units	Topics	Marks	Periods
Unit-I	Overview of Computerised Accounting System.	12	25
Unit-II	Using Computerised Accounting System.	08	25
Unit-III	Graphs and Charts for Business Data.	08	20
Unit-IV	Accounting Applications of Electronic Spreadsheets.	12	25
	Total (Part C)	40	95
Part D	Project Work	20	10
	Total (Part A + (Part B or Part C) + Part D	100	200

Unit wise Distribution of Course Contents:

Part –A: Accounting for Partnership Firms (40 Marks)

Unit-I: Accounting for Partnership- Basic Concepts.   Marks: 12

(a) Basic Concepts, Characteristics of Partnership, Partnership Deed, Contents of Partnership Deed.

(b) Provisions of Indian Partnership Act, 1932 in the absence of Partnership Deed.

(c) 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.

(d) Preparation of Final Accounts of Partnership Firm.

Unit-II: Reconstitution of a Partnership Firm – Admission of a Partner:          Marks-10

(a) Modes of Reconstitution of a Partnership Firm.

(b) Admission of a New Partner- Matters relating to admission of a New Partner, New Profit Sharing Ratio, Sacrificing Ratio.

(c) Goodwill: Nature, Needs, Factors affecting Goodwill, Methods of valuation, Average profit, Super Profit and Capitalisation Methods. Accounting treatment of goodwill on admission of a partner.

(d) Treatment of Accumulated Profits and Losses, Revaluation of assets and Re-assessment of liabilities.

(e) Adjustment of Capitals, Changes in Profit Sharing Ratio among the existing partners.

Unit-III: Reconstitution of a Partnership Firm- Retirement/ Death of a Partner:       Marks-10

(a) Ascertaining the amount due to Retiring/Deceased Partner.

(b) Calculation of New Profit Sharing Ratio and Gaining Ratio. Treatment of Goodwill, Revaluation of assets and Re-assessment of liabilities, Adjustment of Accumulated Profits and Losses.

(c) Accounting Treatments.

Unit-IV: Dissolution of Partnership Firm:        Marks-08

(a) Meaning and Concept.

(b) Distinctions between dissolution of Partnership and dissolution of a Firm.

(c) Accounting Treatments.

EITHER

Part –B: Company Accounts and Analysis of Financial Statements (40 Marks)

Unit-I: Accounting for Share Capital:             Marks: 10

(a) Company- Meaning and definitions, features and types.

(b) Share Capital- Meaning, Classification, Nature and Types of shares, Accounting for Issue and allotment of Equity and Preference shares, over subscription, Pro-rata allotments, 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. Accounting for forfeiture of shares and Re-issue of forfeited shares.

(c) Buy-back of Shares (Concept only)

Unit-II: Issue and Redemption of Debentures:            Marks-08

(a) Debentures: Meaning and Types. Distinctions between Shares and Debentures.

(b) Accounting for Issue of Debentures: Issue of debenture at Par, at a Premium, at a discount, Over subscription, Issue of Debentures for consideration other than cash, Issue of debentures as a Collateral Security.

(c) Terms of Issue of Debentures.

(d) Accounting for Interest on Debentures, Writing off Discount/Loss on Issue of Debentures.

(e) Redemption of Debentures- By payment in Lump-Sum, By Payment in Instalments, Purchase in Open market, by conversion.

Unit-III: Financial Statements of a Company:      Marks-08

(a) Financial Statement- Meaning, Nature, Objectives, Types, Uses and Limitations.

(b) Income Statement- Form and Contents.

(c) Balance Sheet- Form and Contents.

Unit-IV: Analysis of Financial Statements:        Marks-06

(a) Meaning.

(b) Significance.

(c) Objectives.

(d) Tools of Financial Statement Analysis.

(e) Comparative Statements.

(f) Common Size Statements.

(g) Limitations of Analysis of Financial statements.

Unit-V: Accounting Ratios:                            Marks-04

(a) Meaning of Accounting Ratios.

(b) Ratio Analysis- Objectives, Advantages, Limitations and Types- Liquidity Ratios, Solvency Ratios, Activity (Turnover) Ratios and Profitability Ratios.

Unit-VI: Cash Flow Statements:                  Marks-04

(a) Meaning, Objectives and Benefits of Cash Flow Statements.

(b) Cash and Cash equivalent.

(c) Ascertaining Cash Flow from Operating, Investing and Financing activities.

(d) Preparation of Cash Flow Statements.

OR

Part-C: Computerised Accounting System (CAS) (40 Marks)

Unit-I: Overview of Computerised Accounting System:               Marks-12

(a) Concept of Computerised Accounting System.

(b) Types of Computerised Accounting System.

(c) Features of Computerised Accounting System.

(d) Structure of a Computerised Accounting system.

(e) Limitations of Computerised Accounting System.

(f) Accounting Information Systems (AIS).

Unit-II: Using Computerised Accounting System:          Marks-08

(a) Steps in installation of CAS, Codification and hierarchy of account heads, Creation of accounts.

(b) Data entry, Validation and Verification.

(c) Adjusting Entries, Preparation of Financial Statements, Closing entries and Opening entries, Security features generally available in CAS.

Unit-III: Graphs and Charts for Business Data:                   Marks-08

(a) Graphs and Charts.

(b) Basic steps for Graphs/Charts/Diagrams Using Excel.

(c) Advantages in using Graphs/Chart.

Unit-IV: Accounting Applications of Electronic Spreadsheets:           Marks-12

(a) Concept of an Electronic Spreadsheet (ES).

(b) Features offered by Electronic Spreadsheet (ES).

(c) Application of Electronic Spreadsheet in generating accounting information, Bank Reconciliation Statement, Asset accounting, Loan repayment schedule, Ratio analysis.