Financial Accounting – CBSE 12

CBSE Syllabus 2020

Financial Accounting

Accounts of Not for Profit Organisation
Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet.

Partnership Accounts

Partnership Firm

Partner’s Accounts, Fixed capita, Fluctuating Capital. Partner’s Current Account, Partner’s Drawings Account, Partners’ Loan Account, Profit and Loss Appropriation Account, Interest on Drawing, Distribution of profit, Goodwill, Valuation of Goodwill, Hidden Goodwill

Admission of Partner

Introduction of New Partner, Revaluation on admission, Profit Sharing Ratio, Proportionate Capital,

Retirement of Partner

Retirement of Partner, Gaining Ratio, Revaluation on Retirement, Reserve Fund, Final Payment to Retiring Partner, Partner’s Loan Repayment,

Death of Partner

Consequences of Death of Partner, Joint Life Policy, Payment of Deceased Partner’s Share

Dissolution of Partnership Firm

Dissolution of Partnership Firm, Dissolution before expiry of a fixed term, Closing of Partnership Books on Dissolution, Realisation Account, Take Over of business by Partners, Insolvency of Partner, Piecemeal P

Company Accounts

Share Capital

Shares of Company, Share Capital, Issue of Shares at Par, Shares Issue at Premium, Shares Issue at Discount, Calls on Share, Pro-rata Allotment, Forfeiture of Shares, Reissue of Forfeited Share, 

Preference Shares

Preference Shares, Redemption of Preference Share, Utilisation of Reserve for Redemption, 


Debenture, Types of Debenture, Debentures Issue against Cash, Issue of Debentures in instalments, Issue of Debentures at Discount, Debentures Issued for consideration other than cash, Debenture Issued as Collateral Security, Debenture Interest.

Financial Analysis

Financial Statement Analysis

Analysis of Financial Statements, Significance of Financial Statements Analysis, Financial Statements Analysis Objectives, Financial Statements Analysis Tools, Comparative Statements, Common Size Statement, Trend Analysis, Limitations of Financial Analysis

Accounting Ratio

Meaning of Accounting Ratios, Ratio Analysis Objectives, Advantages of Ratio Analysis, Limitations of Ratio Analysis, Types of Ratios, Liquidity Ratios, Solvency Ratios, Activity Ratio, Profitability Ratios, 

Cash Flow Statement

Cash Flow Statement,  Objectives of Cash Flow Statement, Importance of Cash Flow Statement, Cash and Cash Equivalents, Cash Flows, Cash  from Operating Activities, Cash from Investing Activities, Cash from Financing Activities, Terms related to Cash Flow,  Computation of  Cash Flow from Operating Activities, Computation of Cash Flow from Investing and Financing Activities, Compilation of Cash Flow Statement

Computerised Accounts

Computers in Accounting

Elements of Computer System, Capabilities of Computer System, Limitations of a Computer System, Evolution of Computerised Accounting, Features of Computerised Accounting System, Accounting Information System,

Computerised Accounting System

Concept of Computerised Accounting System, Manual vs Computerised Accounting, Advantages of Computerised Accounting System, Limitations of Computerised Accounting System, Sourcing of Accounting Software,  Selection of Accounting Software system,

Accounting Systems Database  Design

Data Processing Cycle, Accounting Database Designing, Entity Relationship (ER) Model, Database Technology,  Relational Data Model, Relational Databases and Schemas, Constraints and Database Schemas, Operations and Constraint Violations,  Relational Database Schema Designing, Specimen Accounting Database Structure, Interacting with Databases,

Computerised Accounting Statements

MS Access and its Components, Tables and Relationships for Accounting Database, Forms design for Vouchers, Information Using Queries, Generating Accounting Reports.