ISC Class 12 Accounts Syllabus 2023-2024: Check Chapter-wise Weightage & Important Topics

ISC Class 12 Accounts Syllabus 2023- 2024: Chapter-wise Topics

The ISC Class 12 Accounts syllabus includes Partnership Accounts, Joint Stock Company Accounts, Financial Statement Analysis, Cash Flow Statement, Ratio Analysis, Accounting Application of Electronic Spreadsheets, and Database Management System. The major topics covered in each chapter are discussed below.

1. Partnership Accounts

The major topics covered in this section are as follows:

• Fundamentals of Partnership
• Provisions of the Indian Partnership Act, 1932
• Profit and Loss Appropriation Account
• Partners’ Capital and Current Accounts
• Concept of Goodwill
• Mode of Valuation
• Reconstitution of Partnership
• Retirement and Death of a Partner
• Dissolution of a Partnership Firm.

2. Joint Stock Company Accounts

The major topics covered in this chapter are as follows:

• Issues of Shares
• Issue of Debentures
• Redemption of Debentures
• Debenture Redemption Reserve (DRR)
• Final Accounts of Companies

3. Financial Statement Analysis

The major topics covered in this chapter are as follows:

• Meaning, significance and limitations of Comparative Statements and Common Size Statements
• Preparation of Comparative Balance Sheet and Statement of Profit and Loss (inter-firm and intra-firm) showing absolute change and percentage change.
• Common Size Balance Sheet
• Common Size Statement of Profit and Loss

4. Cash Flow Statement

The major topics covered in this chapter are as follows:

• Meaning, importance and preparation of a Cash Flow Statement.
• Calculation of net cash flows from operating activities based on Indirect Method only.
• Preparation of Cash Flow Statement on the basis of operating, investing and financing activities.

5. Ratio Analysis

The major topics covered in this chapter are as follows:

• Liquidity Ratios
• Solvency Ratios
• Activity Ratios
• Profitability Ratios

6. Accounting Application of Electronic Spreadsheet

The major topics covered in this section are as follows:

• Concept of Electronic Spreadsheets
• Features Offered by Electronic Spreadsheets
• Application of spreadsheets in generating payroll, sale of goods, marks obtained by students, and business transactions
• Data Presentation

7. Database Management System (DBMS)

The major topics covered in this chapter are as follows:

• Concept and Features of DBMS
• Types of DBMS
• Basic Commands (Select, Where, And, Or, Update, Delete)
• Basic Functions (Avg, Count, Max, Min, Sum)
• DBMS in Business Application

ISC Class 12 Accounts Practical Syllabus 2023-24

The ISC Class 12 Accounts practical syllabus includes a project work of 20 marks. Candidates must complete two projects from any topic covered in the theory section. The project work will be assessed by the teacher and a Visiting Examiner appointed locally and approved by CISCE.

Mark Allocation

The allocated marks for each project work is 10 marks. Here is the weightage distribution of each project work:

Suggested Topics for Project Work

A list of suggested topics for the project work is given below:

1. Preparation of Journal / sub-division of the Journal, Ledger, Trial balance and Financial Statements of a partnership form of business on the basis of a case study.
2. Preparation of a Cash Flow Statement with the help of audited/unaudited/imaginary Balance Sheets of a company for two consecutive accounting years or two consecutive quarters of an accounting year could be taken along with at least five additional information (depreciation, purchase/ sale of fixed assets, dividend paid/ proposed, tax paid/ proposed, amortization of intangible assets, profit or loss on sale of fixed assets including provision for depreciation on them and profit or loss on sale of investment).
3. Preparation of the Common Size and Comparative Income Statement and Balance Sheet of a company by taking into account its audited, unaudited/imaginary financial results of two consecutive quarters of an accounting year or of two consecutive accounting years.
4. Taking the audited/unaudited/imaginary financial results of any leading company, its liquidity, solvency, activity and profitability ratios of two consecutive accounting years or of two consecutive quarters of an accounting year should be calculated and the comparison of the ratios of both the years or quarters should be shown graphically and/ or pictorially (bar diagrams and pie charts).
5. Employee Salary Sheet
6. Revenue and Commission Statement
7. Spreadsheet on Outstanding Report
8. Database Management
9. Selection Grade Card