Himachal Pradesh Board Accountancy Syllabus for Class 12

Himachal Pradesh Board Syllabus for Class 12 Accountancy

Part-A: Accounting for Not-for-Profit Organisations, Partnership Firms and Companies. (Periods 124)

Unit 1 : Accounting for Not-For-Profit Organisations (Periods 22)

  1. Not for profit organisation : Meaning and examples.

  2. Receipts and payments : Meaning and concept of fund based accounting.

  3. Preparation of Income and Expenditure Account and Balance Sheet from Receipt and Payment Account with additional information.

Unit 2 : Accounting for Partnership Firms (Periods 14)

  1. Nature of Partnership firm : Partnership Deed-meaning, importance.

  2. Final Accounts of Partnership : Fixed vs fluctuating Capital, Division of Profit among partners, Profit and Loss Appropriation Account.

Unit 3 : Reconstitution of Partnership (Periods 34)

  1. Changes in Profit Sharing Ratio among the existing partners-Sacrificing Ratio and Gaining Ratio.

  2. Accounting for Revaluation of Assets and Liabilities and distribution of reserves and Accumulated Profits.

  3. Goods will : Nature, Factors affecting and methods of valuation: Average profit, Super profit and Capitalisation methods.

  4. Admission of a partner : Effect of Admission of Partner, change in Profit sharing Ratio, Accounting Treatment for Goodwill, Revaluation of Assets and Liabilities, Reserves (Accumulated Profits) and Adjustment of Capitals.

  5. Retirement/Death of a partner : Changer in Profit sharing ratio, accounting treatment of Goodwill, Revaluation of Assets and Liabilities, adjustment of accumulated Profits (Reserves) and capitals.

Unit 4 : Accounting for Share Capital and Debenture (Periods 54)

  1. Share Capital : Meaning, Nature and Types.

  2. Accounting for share capital : Issue and Allotment of Equity and Preference Shares ; Private placement of shares, meaning of employee stock option plan, public subscription of shares ; over subscription and under subscription ; issue at par, premium and at discount ; calls in advance, calls in arrears, issue of shares for consideration other than cash.

  3. Forfeiture of shares : accounting treatment, re-issue of forfeited shares.

  4. Presentation of Share Capital and Debenture in company's Balance Sheet.

  5. Issue of debenture-at par and premium ; issue of debenture for consideration other than cash.

  6. Redemption of debenture.

  7. Out of proceeds of fresh issue, accumulated profits and sinking fund.


Part-B : Financial Statement Analysis

Unit 5 : Analysis of Financial statements (Periods 33)

  1. Financial statements of a Company : Preparation of simple balance sheet of a company in the prescribed from with major headings only.

  2. Financial Statement Analysis : meaning, significance and purpose, limitations

  3. Tools for Financial Statement Analysis: Comparative Statements, Common Size Statements.

  4. Accounting Ratios: Meaning and Objectives, types of ratios

  5. Liquidity Ratios: Current Ratio, Liquidity Ratio

  6. Solvency Ratios: Debt of Equity, Total Assets of Debt, proprietary ratio

  7. Activity Ratios: Inventory Turnover, Debtors Turnover, Payables Turnover, Working Capital Turnover, Fixed Assets Turnover, Current Assets Turnover.

  8. Profitability Ratio : Gross Profit, Operating Ratio, Net Profit Ratio, Return on Investment, Earning per share, Dividend per Share, Profit Earning Ratio.

Unit : 6 Cash Flow Statement (Periods 33)

  1. Cash Flow statement: Meaning and objectives, Preparation, adjustments related to depreciation, dividend and tax, sale and purchase of non-current assets (as per revised standard issued by ICAI)

Unit : 7 Project Work in Accounting (Period 18)

Books Recommended:

1. Accountancy book for Part A
2. Accountancy book for Part B- Published by N.C.E.R.T., NEW DELHI.

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