The Class 12 Accountancy curriculum under the Central Board of Secondary Education (CBSE) in India is designed to deepen students’ understanding of accounting principles, practices, and their application in various business scenarios. This advanced curriculum builds on the foundational knowledge acquired in Class 11, focusing on complex accounting tasks, financial statement analysis, and the preparation of financial reports for different types of entities.

Part A: Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies

1. Not-for-Profit Organization Accounting
   • Preparation of Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet.
   • Accounting for special items like subscriptions, donations, legacies, and life membership fees.
2. Accounting for Partnership Firms
   • Fundamentals of partnership accounts.
   • Reconstitution of a partnership firm: Admission, retirement, and death of a partner including treatment of goodwill.
   • Dissolution of partnership firms: Different methods including piecemeal distribution.
3. Company Accounts
   • Accounting for share capital: Issue and allotment of equity and preference shares, and various types of share capital.
   • Debentures: Issue, redemption, and conversion.
   • Preparation of financial statements: Profit and Loss Account, Balance Sheet, and Cash Flow Statement.

Part B: Financial Statement Analysis

1. Financial Statement Analysis
   • Tools and techniques for financial statement analysis: Comparative statements, common size statements, ratio analysis, and cash flow analysis.
2. Cash Flow Statement
   • Preparation and analysis of the cash flow statement as per AS-3 (revised).

Part C: Project Work

• Detailed company case studies.
• Analysis of financial statements – ratio analysis, cash flow, and comparative statements.
• Computerized accounting projects using software.
• Field visits and empirical studies to understand accounting practices.

Elective Part: Computerized Accounting

1. Overview of Computerized Accounting System
   • Introduction to computerized accounting, benefits, and limitations.
   • Understanding databases and their significance in accounting.
2. Using Computerized Accounting System
   • Practical insights into the operation of computerized accounting systems, data entry, data management, and report generation.
3. Accounting Using Database Management System (DBMS)
   • Basic concepts of DBMS.
   • Application of DBMS in accounting including the creation of accounts using a DBMS like SQL.

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