CBSE Class 12 Accountancy Syllabus 2025-26 Updated Curriculum and Course Structure

Part

Unit / Component

Topic Name

Marks

Part A

Unit 1

Accounting for Partnership Firms

36

Part A

Unit 2

Accounting for Companies

24

Part A Total

—

Accounting for Partnership Firms and Companies

60

Part B (Option 1)

Unit 3

Analysis of Financial Statements

12

Part B (Option 1)

Unit 4

Cash Flow Statement

8

Part B Total (Option 1)

—

Financial Statement Analysis

20

Part B (Option 2)

Unit 4

Computerized Accounting

20

Part C (Project/Practical)

Project File

Project Work / Practical File

12

Part C (Project/Practical)

Viva Voce

Viva Voce

8

Part C Total

—

Project / Practical Work

20

Overall Total

—

Theory + Project / Practical

100 Marks

Section

Topics Covered

Key Learning Outcomes

Basics of Partnership

Meaning and features of partnership, partnership deed, provisions of Indian Partnership Act 1932 (when no deed exists)

Understand partnership concept, characteristics, and importance of partnership deed and legal provisions

Capital Accounts & Profit Distribution

Fixed vs fluctuating capital accounts, Profit and Loss Appropriation Account, division of profit, guarantee of profits

Differentiate capital systems and prepare Profit & Loss Appropriation Account including guarantees

Adjustments & Goodwill

Past adjustments (interest on capital/drawings, salary, ratio), goodwill meaning, factors, valuation methods (average, super profit, capitalization), treatment through capital/current accounts

Perform past adjustments and calculate goodwill using standard methods

Reconstitution of Partnership

Change in profit-sharing ratio, sacrificing/gaining ratio, revaluation of assets, reassessment of liabilities, treatment of reserves, accumulated profits/losses, preparation of revaluation account and balance sheet

Record accounting effects of change in ratio and prepare revised statements

Admission of Partner

Effect on profit-sharing ratio, goodwill treatment (AS-26), revaluation adjustments, reserves, accumulated profits/losses, capital adjustments, preparation of capital/current accounts and new balance sheet

Apply accounting treatment for admission and adjust partners’ accounts correctly

Retirement / Death of Partner

Effect on ratio, goodwill treatment, revaluation, reserves adjustment, preparation of loan account, deceased partner’s share of profit, executor’s account

Calculate share of retiring/deceased partner and prepare required accounts

Dissolution of Firm

Meaning and types of dissolution, settlement of accounts, preparation of realization account, partners’ capital accounts, cash/bank account (excluding piecemeal distribution/insolvency cases)

Prepare realization and settlement accounts and understand dissolution process

Section

Topics Covered

Key Learning Outcomes

Company Basics & Share Capital

Features/types of companies, meaning and types of shares and share capital

Understand company structure and types of share capital

Issue of Shares

Issue/allotment of equity & preference shares, public subscription, over/under subscription, issue at par/premium, calls in advance/arrears, issue for non-cash consideration

Record accounting entries for issue of shares in different situations

Special Share Issues

Private placement, ESOP, sweat equity

Understand modern share issue concepts and accounting implications

Forfeiture & Reissue

Accounting treatment of forfeiture and reissue of shares

Prepare entries and accounts for forfeiture/reissue

Presentation

Disclosure of share capital in balance sheet as per Companies Act Schedule III

Present share capital correctly in financial statements

Debentures

Meaning/types, issue at par/premium/discount, issue for non-cash consideration, redemption terms, debentures as collateral security, interest on debentures, writing off discount/loss (AS-16)

Record debenture transactions and compute interest & discount treatment

Section

Topics Covered

Key Learning Outcomes

Financial Statements Basics

Meaning, nature, importance and uses of financial statements; Statement of Profit & Loss and Balance Sheet format (Schedule III Companies Act 2013)

Understand structure and components of company financial statements

Financial Statement Analysis

Meaning, objectives, importance, limitations

Explain purpose and scope of financial analysis

Tools of Analysis

Comparative statements, common size statements, ratio analysis, cash flow analysis

Prepare and interpret different financial analysis tools

Liquidity Ratios

Current ratio, Quick ratio

Calculate and interpret liquidity ratios

Solvency Ratios

Debt-equity ratio, total asset to debt ratio, proprietary ratio, interest coverage ratio, debt to capital employed

Evaluate company solvency through ratios

Activity Ratios

Inventory turnover, receivables turnover, payables turnover, fixed asset turnover, net asset turnover, working capital turnover

Compute operational efficiency ratios

Profitability Ratios

Gross profit, operating ratio, operating profit ratio, net profit ratio, return on investment

Assess profitability using standard ratios

Section

Topics Covered

Key Learning Outcomes

Concept & Objectives

Meaning, objectives, benefits, cash and cash equivalents, classification of activities

Understand fundamentals of cash flow statements

Preparation of Cash Flow Statement

Preparation using AS-3 (Indirect Method only), adjustments for depreciation, sale of assets, dividend, tax, overdraft treatment, investments

Prepare cash flow statement with required adjustments

Component

Topics / Work Areas

Project Focus

Financial statement analysis of a company covering any two: comparative/common size statements, ratios, segment reports, cash flow statement

Section

Topics Covered

Overview of CAS

Introduction, features, structure, software packages (generic/specific/tailored)

Spreadsheet Applications

Concept, features, accounting uses (BRS, asset accounting, loan schedules, ratio analysis), graphs/charts

Using CAS

Installation steps, codification, account creation, data entry/validation, adjusting entries, preparation of financial statements, system security

Component

Details

Practical File / Project File

Preparation and submission of practical/project work

Viva Voce

Oral assessment based on practical/project

S. No

Typology of Questions

Description

Marks

Percentage

1

Remembering and Understanding

Recall facts, terms, basic concepts, and answers. Demonstrate understanding by organizing, comparing, interpreting, describing, and explaining main ideas.

32

40%

2

Applying

Use acquired knowledge, facts, techniques, and rules to solve problems in new situations.

24

30%

3

Analysing, Evaluating and Creating

Break information into parts, identify causes, make inferences, justify ideas, evaluate work, and create solutions by combining concepts in new ways.

24

30%

—

Total (Theory Paper)

—

80

100%

Part

Deleted Chapters/Topics

Part A: Accounting for Not-profit Organisations, Partnership Firms, and Companies

Financial Statements of Not-profit Organisations (Entire chapter removed)

Part B: Financial Statement Analysis

Comparative statements

Common size statements

Part B: Computerised Accounting

DBMS concepts and features of DBMS

DBMS in Business applications

Generating accounting information payroll

S.No

Important Topic Pages for Class 12 Accountancy

1.

Class 12 Accountancy Analysis of Financial Statements

2.

Class 12 Accountancy Applications and Its Importance

3.

Class 12 Profitability Ratios

4.

Class 12 Accountancy  Debentures

5.

Class 12 Accountancy Share Capital

S.No

Study Materials Links for Class 12 Accountancy 

1.

NCERT Solutions for Class 12 Accountancy

2.

Question Paper with Solutions for Class 12 Accountancy

3.

DK Goel Solutions for Class 12 Accountancy

4.

TS Grewal Solutions for Class 12 Accountancy