Looking, What is the term – 2 syllabus of Accountancy class 12, 2021-22 CBSE Board.
See, as we all know due to covid situation CBSE Board decided to conduct 2021-22 CBSE Board exams in two terms.
1st term is in December with half of the syllabus and 2nd term would be conducted in march with the rest half of the syllabus.
2nd term exams would be of comprehensive nature and comprised of all questions ranging from MCQs, long questions, and case studies.
Today we will discuss the syllabus of Accountancy class 12 for the 2nd term for 2021-22 CBSE Board Exams in detail.
Examination Pattern of 2nd Term class 12 Board Paper
Following are the bullet points.
The paper would be of Comprehensive Pattern. It would include
|Question Type||Case-based/situation based, open-ended, short answer, long answer type|
In case the Covid situation is serious. Paper would be MCQs Pattern of 90 minutes same as 1st Term of
Following is the screenshot of the Gaggette CBSE Released on the 5th of July 2021.
Accountancy Term – 2 syllabus CBSE Board 2021-22
Theory: 40 Marks
Project: 10 Marks
Duration:- 2 Hour
|Part A||1. ACCOUNTING FOR NOT-FOR-PROFIT ORGANISATIONS|
ACCOUNTING FOR PARTNERSHIP FIRMS:
3. RETIREMENT AND DEATH OF A PARTNER
4. DISSOLUTION OF PARTNERSHIP FIRMS
1. ACCOUNTING FOR DEBENTURES
Issue of Debentures
|PART B||ANALYSIS OF FINANCIAL STATEMENTS:|
1 FINANCIAL STATEMENT OF A COMPANY
(i) COMPARATIVE AND COMMON SIZE STATEMENTS
2 CASH FLOW STATEMENT
|Part C||COMPUTERISED ACCOUNTING |
1 USING A COMPUTERISED ACCOUNTING SYSTEM
2 DATABASE MANAGEMENT SYSTEM
|PROJECT (PART – 2): 10 MARKS|
Part – A:
Unit: Accounting for Not – For Profit Organisations
- Not-for-profit organizations: concept.
- Receipts and Payments Account: features and preparation.
- Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information.
(i) Adjustments in a question should not exceed 3 or 4 in number and be restricted to subscriptions, consumption of consumables, and sale of assets/ old material.
(ii) Entrance/admission fees and general donations are to be treated as revenue receipts.
(iii) Trading Account of incidental activities are not to be prepared
Unit: Accounting for Partnership Firms
Accounting for Partnership firms – Reconstitution and Dissolution.
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 and reserves and
preparation of balance sheet.
Calculation of deceased partner’s share of profit till the date of death.
Dissolution of a partnership firm: meaning of dissolution of partnership and partnership firm, types of dissolution of a firm. Settlement of accounts – preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company, and insolvency of partner(s)).
(i) If the realized value of an asset is not given, it is to be presumed that it has not realized any amount.
(ii) If a partner has borne and/ or paid the realization expenses, it should be stated.
Unit – Accounting for Companies
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 securityconcept, interest on debentures. Writing off discount / loss on issue of debentures.
Note: Discount or loss on issue of debentures to be written off in the year debentures are allotted from Security Premium Reserve/ Capital Reserve/Statement of Profit and Loss as Financial Cost (AS16) in that order.
Note: Related sections of the Companies Act, 2013 will apply.
The concept of Tax Deducted at Source (TDS) is excluded.
Part – B:
Unit: Analysis of Financial Statements
Financial statements of a Company:
- Tools for Financial Statement Analysis:
- Comparative statements, common size statements.
Unit:- Cash Flow Statement
Meaning, objectives, and preparation (as per AS 3 (Revised) (Indirect Method only)
- Adjustments relating to depreciation and amortization, profit or loss on sale of assets including investments, dividend (both final and interim), and tax.
- Bank overdraft and cash credit to be treated as short-term borrowings.
- Current Investments are to be taken as Marketable securities unless otherwise specified.
Part – B (Computerised Accounting)
Unit: Computerised Accounting
- Using Computerized Accounting System.
- Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts.
- Data: Entry, validation and verification.
- Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries.
- Need and security features of the system.
Database Management System (DBMS)
- Concept and Features of DBMS.
- DBMS in Business Application.
- Generating Accounting Information – Payroll.