ACCOUNTANCY

The academic year is divided into four terms. However, the syllabus for the entire session will be completed by Term-
progress is based on the formal examinations which will be held at the end of Term-1 & Term-2, followed by Pre-Board-1 & Pre-Board-2 respectively.

However, the final evaluation will be solely based on the Annual Examinations/ Board Examinations conducted by CBSE at the end of the session.

There will be four formal examinations conducted by the School in a session

 Pre Mid-Term Assessments-1 (PT1)

 Mid-Term Assessments (MT) This is cumulative in nature and includes the entire syllabus of Term-1.

 Pre-Board-1 (PB1) - This will include the entire syllabus for the session.

 Pre-Board-2 (PB2) - This will also include the entire syllabus for the session.

Annual Examinations will include the entire syllabus for the session and shall be conducted by CBSE at the end of the session.

Evaluation of Academic Subjects in Class XII

Percentage of Weightage in
Type of Assessment Month Duration Max Marks
academic session
Pre Mid-Term Assessment (Written Assessment) Jul 2 hours Theory-50 marks
PT1 (20%) + MT (80%)
Mid-Term Assessment (Written and Practical Assessment) Sep 3 hours Theory + Practicals -100 marks

Pre-Board-1 (Written and Practical Assessment) PB1 (100%) Dec 3 hours Theory + Practicals -100 marks

Pre-Board-2 (Written and Practical Assessment) PB2 (100%) Jan 3 hours Theory + Practicals -100 marks

Board Examination (Written and Practical Assessment) BOARD EXAM - 100% March 3 hours Theory + Practicals -100 marks

The final result will be issued by CBSE and will be solely computed on basis of performance in Board Examinations.
 PRE MID-TERM AND POST MID-TERM PT1 AND PT2

Total = 50 Marks Duration: 2 Hours

The question paper has four sections, the details of which are given below.

Section Marks for each question No of questions Total marks

A. Objective Type / MCQs 1 10 10

B. Short Answers 3 2 6

C. Short Answers 4 3 12

D. Long Answers 6 1 6

E. Long Answers 8 2 16

Total 50
 MID TERM & ANNUAL EXAMINATION: -MT AND AE
Total-100 marks (Theory 80 marks + Practical 20 Marks), Duration of Theory Exam: 3 Hrs.
The question paper will have five sections, the details of which are given below:
Section Marks for each question No of questions Total marks

A. Objective Type / MCQs 1 20 20

B. Short Answers 3 2 6

C. Short Answers 4 5 20

D. Long Answers 6 3 18

E. Long Answers 8 2 16

Total 80

There will be internal choice in questions of 3 marks, 4 marks, 6 marks and 8 marks. All questions carrying 8 marks will bav e an internal choice.

Marks distribution for Practicals

Marks for Project Files Marks for Written Test Marks for Viva Total Marks

4 12 4 20
What you need to know?

This section contains the term wise details of the syllabus, portion for Pre Mid Term, Mid Term, Post Mid Term & Annual exams and the SCM
schedule. It gives an overview of the specific objectives topic wise. The expected outcome, i.e. what the students must know after the subtopic is
covered is mentioned in the form of learning outcomes.

TERM-I (04.04.2022 TO 23.09.2022) CLASS-XII, ACCOUNTANCY

Activity No. of Portion for

Month Course Description Learning Outcome
Periods Assessments

April Financial Statements of Not-for-Profit This chapter would enable the A quiz, on this 25
Organizations students to: chapter.
PT1 (11.07.2022)
Not-for-profit organizations:  State the meaning of a Not-for- (4.5.3.3)
 Not for Profit
profit organisation and its
 Concept. Collage Making Organisation
distinction from a profit making
Receipts and Payments Account: entity. (4.1.1.1.9)  Accounting for
Partnership
 Features and preparation.  State the meaning of receipts and
payments account and  Reconstitution of
Income and Expenditure Account:
understanding its features. Partnership (upto
 Features Retirement and
 Develop the understanding and
Death of a Partner)
 Preparation of income and expenditure skill of preparing receipts and
account and balance sheet from the given payments account.
receipts and payments account with
 State the meaning of income and
 Activity No. of Portion for
Month Course Description Learning Outcome
Periods Assessments

additional information. expenditure account and

understand its features.
Scope:
 Develop the understanding and
i. Adjustments in a question should not
skill of preparing income and
exceed 3 or 4 in number and restricted
expenditure account and balance
to subscriptions, consumption of
sheet of a not-for-profit
consumables and sale of assets/ old
organisation with the help of
material.
given receipts and payments Topics of SCMs:
ii. Entrance/admission fees and general account and additional
 Not for Profit
donations are to be treated as revenue information.
Organisation
receipts.
 Accounting for
iii. Trading Account of incidental activities
Partnership Firm-
is not to be prepared.
Fundamentals,
Admission,
May & June Accounting for Partnership Firms This chapter would enable the A quiz, on this
Retirement, Death
students to: chapter.
 Partnership: features, Partnership Deed. and Dissolution
 State the meaning of partnership, (4.5.3.3)
 Provisions of the Indian Partnership Act
partnership firm and partnership
1932 in the absence of partnership deed.
deed.
 Fixed v/s fluctuating capital accounts. Collage Making
 Describe the characteristic features
 Preparation of Profit and Loss of partnership and the contents of (4.1.1.1.9)
Appropriation account- division of profit

Month Course Description
among partners, guarantee of profits.
 Past adjustments (relating to interest on
capital, interest on drawing, salary and
profit sharing ratio).
 Goodwill: nature, factors affecting and
methods of valuation - average profit,
super profit and Capitalization.
Note: Interest on partner's loan is to be
treated as a charge against profits.
capital/current account.
Note: Raising and writing off goodwill is
excluded.
Accounting for Partnership firms -
Reconstitution and Dissolution.
Change in the Profit Sharing Ratio among
the existing partners
 sacrificing ratio,
 gaining ratio,
Activity No. of Portion for
Learning Outcome
Periods Assessments
partnership deed.
 Discuss the significance of
provision of Partnership Act in the
absence of partnership deed.
 Differentiate between fixed and
fluctuating capital, outline the
process and develop the
understanding and skill of
preparation of Profit and Loss
Appropriation Account.
 Develop the understanding and
skill of prepration profit and loss
appropriation account involving A quiz, on this
guarantee of profits. chapter.
 Develop the understanding and (4.5.3.3)
skill of making past adjustments.
 state the meaning, nature and Collage Making
factors affecting goodwill
(4.1.1.1.9)
 Develop the understanding and
skill of valuation of goodwill using
 Activity No. of Portion for
Month Course Description Learning Outcome
Periods Assessments

 accounting for revaluation of assets and different methods.

reassessment of liabilities and
 Treatment of reserves and accumulated
profits.
 Preparation of revaluation account and
balance sheet.
Admission of a partner
 effect of admission of a partner on change
in the profit sharing ratio,
 treatment of goodwill,
 treatment for revaluation of assets and
re- assessment of liabilities,
 treatment of reserves and accumulated
profits,
 State the meaning of sacrificing
ratio, gaining ratio and the change
A quiz, on this
in profit sharing ratio among
chapter.
existing partners.
(4.5.3.3)
 Develop the understanding of
accounting treatment of
revaluation assets and
Collage Making
reassessment of liabilities and
treatment of reserves and (4.1.1.1.9)
accumulated profits by preparing
revaluation account and balance
sheet.
 Explain the effect of change in
profit sharing ratio on admission of
a new partner.

 adjustment of capital accounts and  Develop the understanding and

skill of treatment of goodwill as
 Preparation of balance sheet.
per AS-26, treatment of
Retirement and death of a partner: revaluation of assets and re-

 effect of retirement / death of a partner assessment of liabilities, treatment

of reserves and accumulated
 Activity No. of Portion for
Month Course Description Learning Outcome
Periods Assessments

on change in profit sharing ratio, profits, adjustment of capital

accounts and preparation of
 treatment of goodwill,
balance sheet of the new firm.
 treatment for revaluation of assets and
 Explain the effect of retirement /
reassessment of liabilities,
death of a partner on change in
 adjustment of accumulated profits and profit sharing ratio.
reserves,
 Develop the understanding of
 Adjustment of capital accounts and accounting treatment of goodwill,
preparation of balance sheet. revaluation of assets and re-
assessment of liabilities and
 Preparation of loan account of the A quiz, on this
adjustment of accumulated profits
retiring partner. chapter.
and reserves on retirement / death
 of a partner and capital (4.5.3.3)
profit till the date of death. adjustment.

 Preparation  Develop the skill of calculation of Collage Making

deceased partner's share till the
time of his death and prepare (4.1.1.1.9)
Dissolution of a partnership firm:
deceased partner's executor's
 meaning of dissolution of partnership account.
and partnership firm,
 Discuss the preparation of the
 Types of dissolution of a firm. capital accounts of the remaining
partners and the balance sheet of
 Activity No. of Portion for
Month Course Description Learning Outcome
Periods Assessments

 Settlement of accounts - preparation of the firm after retirement / death of

realization account, and other related a partner.
accounts: capital accounts of partners and
 Understand the situations under
cash/bank a/c (excluding piecemeal
which a partnership firm can be
distribution, sale to a company and
dissolved.
insolvency of partner(s)).
 Develop the understanding of
Note:
preparation of realisation account
(i) If realized value of an asset is not given, and other related accounts.
it is to be presumed that it has not
realised any value.

(ii) If a partner has borne and/or paid the

realisation expenses, it should be
stated.

August Accounting for Companies This chapter would enable the A quiz, on this 15
Accounting for Share Capital students to: chapter. MT (16.09.2022)
 Share and share capital: nature and  State the meaning of share and (4.5.3.3) Entire syllabus of
types. share capital and differentiate Term- 1
 Accounting for share capital: between equity shares and Collage Making
 Issue and allotment of equity and preference shares and different (4.1.1.1.9)
preferences shares. types of share capital.
 Public subscription of shares - over  Understand the meaning of private
subscription and under subscription of placement of shares and Employee

Month Course Description
shares;
 Issue at par and at premium,
 Calls in advance and arrears (excluding
interest),
 Issue of shares for consideration other
than cash.
 Concept of Private Placement and
Employee Stock Option Plan (ESOP).
 Accounting treatment of forfeiture
and re-issue of shares.
 Disclosure of share capital in the
Balance Sheet of a company.
Accounting for Debentures
 Debentures:
 Issue of debentures at par, at a premium
and at a discount.
 Issue of debentures for consideration
other than cash;
 Issue of debentures with terms of
redemption; debentures as collateral
security-concept,
 Interest on debentures.
 Writing off discount / loss on issue of
debentures.
Activity No. of Portion for
Learning Outcome
Periods Assessments
Stock Option Plan.
 Explain the accounting treatment Topic of SCMs:
of share capital transactions  Accounting for
regarding issue of shares. Share Capital and
 Develop the understanding of Debentures
accounting treatment of forfeiture
and re-issue of forfeited shares.
 Describe the presentation of share
capital in the balance sheet of the A quiz, on this
company as per schedule III part I chapter.
of the Companies Act 2013. (4.5.3.3)
 Explain the accounting treatment
of different categories of Collage Making
transactions related to issue of (4.1.1.1.9)
debentures.
 Develop the understanding and
skill of writing of discount / loss
on issue of debentures.
 Understand the concept of
collateral security and its
presentation in balance sheet.
 Develop the skill of calculating
interest on debentures and its
accounting treatment.
 Activity No. of Portion for
Month Course Description Learning Outcome
Periods Assessments

Note: Discount or loss on issue of  State the meaning of redemption

debentures to be written off in the year of debentures.
debentures are allotted from Secturity  Develop the understanding of
Premium Reserve / Capital Reserve / accounting treatment of
Statement of Profit and Loss as Financial transactions related to redemption
Cost (AS-16) in that order. of debentures by lump sum, draw
 Redemption of Debentures-Methods: of lots and Creation of Debenture
Lump sum, draw of lots. Redemption Reserve.
 Creation of Debenture Redemption
Reserve.
 Investment in Debenture
Redemption Investment.
Note: Related sections of the Companies
Act, 2013 will apply.
Concept on Tax Deducted at Source (TDS)
is excluded.
 TERM-II (23.09.2022 TO ) CLASS- XII, ACCOUNTANCY
No. of Portion for
Month Course Description Learning Outcome Activity
Periods Assessments

October Financial Statements of a Company: This chapter would enable the Study of 15
students to: Visual PB-1 (01.12.2022)
Statement of Profit and Loss and Balance
Sheet in the Prescribed form with major Resources Entire syllabus of
 Develop the understanding of
headings and sub headings (as per major headings and sub-headings (Annual Term-1, and Term 2.
Schedule III to the Companies Act, 2013). (as per Schedule III to the Reports)
Note: Exceptional items, extraordinary Companies Act, 2013) of balance
(4.1.1.1)
items and profit (loss) from discontinued sheet as per the prescribed norms / PB- 2 (04.01.2023)
operations are excluded. formats.
Entire syllabus of
Financial Statement Analysis:  State the meaning, objectives and Term-1, and Term 2.
limitations of financial statement
 Objectives, importance and limitations.
analysis.
Tools for Financial Statement Analysis:
Topics of SCMs:
 Discuss the meaning of different
 Comparative statements,
tools of 'financial statements  Analysis of
 common size statements, analysis'. Financial
 cash flow analysis, Statement
 Develop the understanding and
 Ratio analysis. skill of preparation of comparative  Ratio Analysis and
and common size financial Cash Flow
Accounting Ratios:
statements. Statement
 Meaning,
 State the meaning, objectives and

Month Course Description
 Objectives,
 Classification and computation.
Liquidity Ratios:
 Current ratio and
 Quick ratio.
Solvency Ratios:
 Debt to Equity Ratio,
 Total Asset to Debt Ratio,
 Proprietary Ratio and
 Interest Coverage Ratio.
Activity Ratios:
 Inventory Turnover Ratio,
 Trade Receivables Turnover Ratio,
 Trade Payables Turnover Ratio and
 Working Capital Turnover Ratio.
Profitability Ratios:
 Gross Profit Ratio,
 Operating Ratio,
No. of Portion for
Learning Outcome Activity
Periods Assessments
significance of different types of
ratios.
 Develop the understanding of
computation of current ratio and
quick ratio.
 Develop the skill of computation of
debt equity ratio, total asset to
debt ratio, proprietary ratio and
interest coverage ratio.
 Develop the skill of computation of
inventory turnover ratio, trade
receivables and trade payables ratio
and working capital turnover ratio.
 Develop the skill of computation of
gross profit ratio, operating ratio,
operating profit ratio, net profit
ratio and return on investment.
 No. of Portion for
Month Course Description Learning Outcome Activity
Periods Assessments
 Operating Profit Ratio,

 Net Profit Ratio and

 Return on Investment.

Note: Net Profit Ratio is to be calculated

on the basis of profit before and after tax.

November Cash Flow Statement This chapter would enable the Study of 30
students to: Visual
Meaning, objectives and preparation (as per
Resources
AS 3 (Revised) (Indirect Method only)  State the meaning and objectives
of cash flow statement. (Annual
Note:
Reports)
 Develop the understanding of
(i) Adjustments relating to depreciation
preparation of Cash Flow (4.1.1.1)
and amortization, profit or loss on sale of
Statement using indirect method
assets including investments, dividend
as per AS 3 with given
(both final and interim) and tax.
adjustments.
(ii) Bank overdraft and cash credit to be
treated as short term borrowings.

(iii) Current Investments to be taken as

Marketable securities unless otherwise
specified.

Note:
be given effect, as prescribed in AS-4,
 No. of Portion for
Month Course Description Learning Outcome Activity
Periods Assessments
Events occurring after the Balance Sheet

will be accounted for in the next year after

it is declared by the shareholders.

October - Project work  Specific Project Study of 40

November Visual
One Specific project as per Guidelines  Cash Flow Statements
Resources
published by CBSE
 Ratio Analysis
(Annual
Reports)

(4.1.1.1)