Updated On : September 15, 2023
Accountancy is one of the mandatory subjects in the Commerce stream. This year, CBSE and ICSE boards have reduced the syllabus due to certain circumstances. So, this post provides the detailed Class 12 Accountancy Syllabus 2020-21 PDF for both CBSE and ICSE Boards.
Preparing for Class 12 Commerce Subjects is one of the major concerns and reasons for worry among a lot of students. The first step towards doing insanely well in the Class 12th Accountancy exam starts with understanding the syllabus thoroughly.
We will be discussing ISC Class 12th Accountancy Syllabus and CBSE Class 12 Accountancy syllabus in the article. The focus of the content will be educating students towards the recent changes in Accountancy under the Class 12 Commerce Syllabus following the recent announcement of National Education Policy 2020.
Let us have a look at the table below to know the detailed exam pattern of the CBSE.
Units | Periods | Marks | |
Part A: Financial Accounting | |||
Unit 1: Theoretical Framework | 25 | 12 | |
Unit-2: Accounting Process | 105 | 40 | |
Part B: Financial Accounting-II | |||
Unit-3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records | 55 | 20 | |
Unit-4: Computers in Accounting | 15 | 08 | |
Part C: Project Work | 20 | 20 |
Candidates can go through the detailed accountancy syllabus for CBSE and plan your preparation accordingly for the exam.
The revised CBSE Class 12 Syllabus consists of two parts: Part A and Part B. Check the detailed syllabus of both part A and part B from the post below.
Part A: Accounting for Not for Profit Organisations, Partnership Firms, and Companies
Unit 1: Financial Statements of Not for Profit organizations
Unit 2: Accounting for Partnership Firms
Accounting for Partnership firms – Reconstitution and Dissolution. 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 and accumulated profits; Preparation of revaluation account and balance sheet; Admission of a partner
Retirement and death of a partner:
Calculation of the deceased partner’s share of profit till the date of death.
Dissolution of a partnership firm:
Unit 3: Accounting for Companies
Accounting for Share Capital
Unit 4: Analysis of Financial Statements
Financial statements of a Company: Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and subheadings (as per Schedule III to the Companies Act, 2013)
Note: Exceptional items, extraordinary items, and profit (loss) from discontinued operations are excluded.
Unit 5: Cash Flow Statement
Unit 3: Computerized Accounting
Overview of Computerised Accounting System
As per the latest notice, the Central Board of Secondary Education has reduced the 30% syllabus for all subjects of class 12. Candidates appearing for the exam must be aware of the reduced syllabus of Class 12 Accountancy and plan their preparation accordingly for the upcoming exam. The reduced syllabus consists of a total of 5 units and project work. To help candidates, we have provided the detailed syllabus PDF of CBSE Class 12 Accountancy Subject for the year 2020-21. Candidates can view or download the syllabus PDF from the post below.
Download CBSE Class 12 Accountancy Syllabus PDF 2020-21 (Updated)
Part A: Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies
Project Work - From session 2020-21 onwards, there would be only ONE project (specific) to be prepared.
Section A | Part I | compulsory Short answer Elementary/fundamental concepts | 4 Questions | 20 marks |
Part II | Short answer Elementary/fundamental concepts | 4 of 7 Questions | 40 marks | |
Section B/C | Candidates will have a choice of attempting questions either from Section B or Section C. | two questions out of three | 20 marks |
Here is the detailed ICSE Class 12 Commerce Syllabus explained. Go through the topics and enhance your preparations.
Fundamentals of Partnership
Admission
Problems on ratio analysis (excluding interpretation, analysis, comparisons, conclusions, and the preparation of Trading, Profit & Loss Account and Balance Sheet).
The ISCE board has reduced the syllabus of Accountancy to 30% for class 12. It is important for candidates to check the reduced syllabus PDF and know the important topics. The reduced syllabus includes units like partnership accounts, reconstitution of partnership, dissolution of a partnership firm, joint-stock company accounts, issue of debentures, etc. Go through the complete syllabus for ICSE Class 12 Accountancy subject from below and plan accordingly to enhance your preparation.
Download ISC Class 12 Accountancy Syllabus PDF 2020-21 (Updated)
As per the experts, referring to the best ISC books for Accountancy class 12 syllabus will help candidates to boost their preparation and better succeed in the exam. Candidates can go through the few important reference books for Class 12 Accountancy from the table below and start their preparation accordingly.
Book Name | Author |
ISC Accountancy | Rajesh Goel, DK Goel |
Oswaal ISC Sample papers Class 12 | Oswaal Editorial Board |
Model Specimen Paper | Oswal Publishers |
NIOS Accountancy for Class 12th in Hindi Medium | Neeraj Publications |
Double Entry Book Keeping: Accounting for Not-for-Profit Organizations and Partnership Firms - ( Vol. 1) | T S Grewal |
Books are your only friends when it comes to preparing for exams such as Class XII Boards. As per the experts, books are great resources when it comes to any exam preparation. The Internet can help you understand the concept, Youtube can clear your doubts but it is the books that teach how to you frame your answer while staying within the territories of your syllabus. Class 12 Commerce Books have the best cost-benefit ratio. Go through the table below to know the important books for the preparation of CBSE Class 12 Accountancy Syllabus.
Name of the Book | Author |
Accountancy (Part A) Vol. I, Class –XII | D K Goel and Rajesh Goel |
Double Entry Book Keeping: Accounting for Not-for-Profit Organizations and Partnership Firms - ( Vol. 1) | T S Grewal |
Analysis of Financial Statements: Textbook for CBSE Class 12 | T.S. Grewal |
CBSE Sample Question Papers Class 12 Economics (For March 2020 Exam) | Oswaal |
Accountancy For Class Xii | BK Bannerjee |
There is only one way to prepare for any exam. Practise. And even though the syllabus of CBSE and ICSE and CBSE differ in content. The strategy to score ace marks in the exam is very much similar. To ease it off for you we have divided our strategy into three levels of 4 months each. You can divide the time available by giving each level equal importance. Let us look in detail at what these levels demand of you.
Download Your Free CBSE Prep Material
Fill your details
Frequently Asked Questions
What is the marking scheme for Class 12 Accountancy?
Where can I find solutions to Accountancy Sample Papers for Class 12?
What are units in CBSE Class 12 Accountancy Syllabus?
Is NCERT Book enough for Class 12 Accountancy preparation?
Is Class 12 Accountancy subject difficult?
September 15, 2023
Accountancy is one of the mandatory subjects in the Commerce stream. This year, CBSE and ICSE boards have reduced the syllabus due to certain circumstances. So, this post provides the detailed Class 12 Accountancy Syllabus 2020-21 PDF for both CBSE and ICSE Boards.
Preparing for Class 12 Commerce Subjects is one of the major concerns and reasons for worry among a lot of students. The first step towards doing insanely well in the Class 12th Accountancy exam starts with understanding the syllabus thoroughly.
We will be discussing ISC Class 12th Accountancy Syllabus and CBSE Class 12 Accountancy syllabus in the article. The focus of the content will be educating students towards the recent changes in Accountancy under the Class 12 Commerce Syllabus following the recent announcement of National Education Policy 2020.
Let us have a look at the table below to know the detailed exam pattern of the CBSE.
Units | Periods | Marks | |
Part A: Financial Accounting | |||
Unit 1: Theoretical Framework | 25 | 12 | |
Unit-2: Accounting Process | 105 | 40 | |
Part B: Financial Accounting-II | |||
Unit-3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records | 55 | 20 | |
Unit-4: Computers in Accounting | 15 | 08 | |
Part C: Project Work | 20 | 20 |
Candidates can go through the detailed accountancy syllabus for CBSE and plan your preparation accordingly for the exam.
The revised CBSE Class 12 Syllabus consists of two parts: Part A and Part B. Check the detailed syllabus of both part A and part B from the post below.
Part A: Accounting for Not for Profit Organisations, Partnership Firms, and Companies
Unit 1: Financial Statements of Not for Profit organizations
Unit 2: Accounting for Partnership Firms
Accounting for Partnership firms – Reconstitution and Dissolution. 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 and accumulated profits; Preparation of revaluation account and balance sheet; Admission of a partner
Retirement and death of a partner:
Calculation of the deceased partner’s share of profit till the date of death.
Dissolution of a partnership firm:
Unit 3: Accounting for Companies
Accounting for Share Capital
Unit 4: Analysis of Financial Statements
Financial statements of a Company: Statement of Profit and Loss and Balance Sheet in the prescribed form with major headings and subheadings (as per Schedule III to the Companies Act, 2013)
Note: Exceptional items, extraordinary items, and profit (loss) from discontinued operations are excluded.
Unit 5: Cash Flow Statement
Unit 3: Computerized Accounting
Overview of Computerised Accounting System
As per the latest notice, the Central Board of Secondary Education has reduced the 30% syllabus for all subjects of class 12. Candidates appearing for the exam must be aware of the reduced syllabus of Class 12 Accountancy and plan their preparation accordingly for the upcoming exam. The reduced syllabus consists of a total of 5 units and project work. To help candidates, we have provided the detailed syllabus PDF of CBSE Class 12 Accountancy Subject for the year 2020-21. Candidates can view or download the syllabus PDF from the post below.
Download CBSE Class 12 Accountancy Syllabus PDF 2020-21 (Updated)
Part A: Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies
Project Work - From session 2020-21 onwards, there would be only ONE project (specific) to be prepared.
Section A | Part I | compulsory Short answer Elementary/fundamental concepts | 4 Questions | 20 marks |
Part II | Short answer Elementary/fundamental concepts | 4 of 7 Questions | 40 marks | |
Section B/C | Candidates will have a choice of attempting questions either from Section B or Section C. | two questions out of three | 20 marks |
Here is the detailed ICSE Class 12 Commerce Syllabus explained. Go through the topics and enhance your preparations.
Fundamentals of Partnership
Admission
Problems on ratio analysis (excluding interpretation, analysis, comparisons, conclusions, and the preparation of Trading, Profit & Loss Account and Balance Sheet).
The ISCE board has reduced the syllabus of Accountancy to 30% for class 12. It is important for candidates to check the reduced syllabus PDF and know the important topics. The reduced syllabus includes units like partnership accounts, reconstitution of partnership, dissolution of a partnership firm, joint-stock company accounts, issue of debentures, etc. Go through the complete syllabus for ICSE Class 12 Accountancy subject from below and plan accordingly to enhance your preparation.
Download ISC Class 12 Accountancy Syllabus PDF 2020-21 (Updated)
As per the experts, referring to the best ISC books for Accountancy class 12 syllabus will help candidates to boost their preparation and better succeed in the exam. Candidates can go through the few important reference books for Class 12 Accountancy from the table below and start their preparation accordingly.
Book Name | Author |
ISC Accountancy | Rajesh Goel, DK Goel |
Oswaal ISC Sample papers Class 12 | Oswaal Editorial Board |
Model Specimen Paper | Oswal Publishers |
NIOS Accountancy for Class 12th in Hindi Medium | Neeraj Publications |
Double Entry Book Keeping: Accounting for Not-for-Profit Organizations and Partnership Firms - ( Vol. 1) | T S Grewal |
Books are your only friends when it comes to preparing for exams such as Class XII Boards. As per the experts, books are great resources when it comes to any exam preparation. The Internet can help you understand the concept, Youtube can clear your doubts but it is the books that teach how to you frame your answer while staying within the territories of your syllabus. Class 12 Commerce Books have the best cost-benefit ratio. Go through the table below to know the important books for the preparation of CBSE Class 12 Accountancy Syllabus.
Name of the Book | Author |
Accountancy (Part A) Vol. I, Class –XII | D K Goel and Rajesh Goel |
Double Entry Book Keeping: Accounting for Not-for-Profit Organizations and Partnership Firms - ( Vol. 1) | T S Grewal |
Analysis of Financial Statements: Textbook for CBSE Class 12 | T.S. Grewal |
CBSE Sample Question Papers Class 12 Economics (For March 2020 Exam) | Oswaal |
Accountancy For Class Xii | BK Bannerjee |
There is only one way to prepare for any exam. Practise. And even though the syllabus of CBSE and ICSE and CBSE differ in content. The strategy to score ace marks in the exam is very much similar. To ease it off for you we have divided our strategy into three levels of 4 months each. You can divide the time available by giving each level equal importance. Let us look in detail at what these levels demand of you.
Download Your Free CBSE Prep Material
Fill your details
Frequently Asked Questions
What is the marking scheme for Class 12 Accountancy?
Where can I find solutions to Accountancy Sample Papers for Class 12?
What are units in CBSE Class 12 Accountancy Syllabus?
Is NCERT Book enough for Class 12 Accountancy preparation?
Is Class 12 Accountancy subject difficult?