ACCOUNTANCY (ACCT)

Class XII Accountancy - Semester IV Syllabus

Course Overview

Unit 1

Accounting for Partnership Firms – II

25 Marks

Unit 2

Accounting for Company – II

10 Marks

Unit 3

Cash Flow Statement OR Computerized Accounts – II

5 Marks

Question Paper Typology

Sl. No.	Typology of Questions	Marks	Percentage
1	Remembering & Understanding	12	30%
2	Applying	20	50%
3	Analyzing, Evaluating and Critical Understanding	8	20%

Weightage to Form Questions

Unit	Topics	Unit Marks	Question Type	Details
Unit 1	Accounting for Partnership Firms – II	25	Descriptive SAQ Type 2 SAQ Type 1	2 × 5 marks 3 × 3 marks 2 × 2 marks [10+9+6=25]
Unit 2	Accounting for Company – II	10	Descriptive SAQ Type 2 SAQ Type 1	1 × 5 marks 1 × 3 marks 1 × 2 marks [5+3+2=10]
Unit 3	Cash Flow Statement OR Computerized Accounts - II	5	Descriptive	1 × 5 marks [5]

Detailed Syllabus

Unit 1: Accounting for Partnership Firms – II

Contact Hours: 50 Marks: 25

Change in the Profit-Sharing Ratio among the existing partners

Sacrificing Ratio
Gaining Ratio
Accounting for Revaluation of Assets and Reassessment of Liabilities
Treatment of Reserves, Accumulated Profits and Losses

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 Reassessment of Liabilities
Treatment of Reserves, Accumulated Profits and Losses
Adjustment of Capital Accounts
Preparation of Capital, Current Account and Balance Sheet

Retirement and death of a partner

Effect of Retirement / Death of a Partner on change in Profit Sharing Ratio
Treatment of Goodwill
Treatment for Revaluation of Assets and Reassessment of Liabilities
Adjustment of Accumulated Profits, Losses and reserves
Adjustment of Capital Accounts
Preparation of Capital, Current Account and Balance Sheet
Preparation of Loan Account of the Retiring Partner
Calculation of deceased partner's Share of Profit till the date of death
Preparation of deceased partner's Capital Account and his Executor's Account

Dissolution of Partnership Firm

Meaning of dissolution of partnership and partnership firm
Types of dissolution of a firm
Settlement of Accounts – Preparation of Realization Account
Other related accounts: Capital Accounts of Partners and cash/bank account
Note: Excluding piecemeal distribution, sale to a company and insolvency of partner(s)

Unit 2: Accounting for Share Capital – II

Contact Hours: 20 Marks: 10

Accounting for share capital

Issue and allotment of equity and preferences shares
Simple problems on pro-rata allotment

Public subscription of shares

Over-subscription and under-subscription of shares
Issue at par and at premium
Calls in advance and arrears (excluding interest)
Issue of shares for consideration other than cash

Forfeiture and reissue of shares

Accounting treatment

Disclosures

Disclosure of Share Capital in the Balance Sheet of a company
As per Schedule III, Part I of the Companies Act, 2013

Unit 3: Cash Flow Statement OR Computerized Accounts – II

Contact Hours: 10 Marks: 5

Option A: Cash Flow Statement

Indirect Method of AS-3 (Revised) and without Adjustments
Meaning, Objectives, Benefits
Cash and Cash Equivalents
Classification of Activities
Preparation of Cash Flow Statement

Option B: Computerized Accounts - II

Data Base Management System
Defining Data Base Requirements
Identification of Data to be stored in tables
Structure of Data
Creating Data Table for Accounting
Using Queries, Forms and Reports for generating accounting information
With the help of Microsoft Access Software

Project Work - Class XII

Full Marks: 20 [Project Report: 10 Marks; Viva Voce: 10 Marks]

Students need to undertake any ONE project out of the four topics given below at the end of Semester IV of Class XII.

Topic 1

Analysis of Financial Statements of a concern applying the tools of Ratio Analysis from a given Balance Sheet.

Topic 2

Analysis of Financial Statements of two concerns applying the tools of Comparative and Common size Statements.

Topic 3

Preparation of Cash Flow Statement from given Financial Statement of at least two business enterprises.

Topic 4

Preparation of an imaginary Balance Sheet of any concern as per the Companies Act, 2013 along with Notes to Accounts from a given set of information.

Note: 20 Hours reserved for Remedial classes, Tutorials and Home Assignments.

CLASS XII - SEMESTER IV

SUBJECT: ACCOUNTANCY (ACCT)