CISCE Class 12 Accounts Syllabus - Free PDF Download
CISCE Syllabus 2026-27 Class 12: The CISCE Class 12 Accounts Syllabus for the examination year 2026-27 has been released by the Council for the Indian School Certificate Examinations, CISCE. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2026-27 CISCE Class 12 Accounts Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new CISCE syllabus to prepare for their annual exam properly.
The detailed CISCE Class 12 Accounts Syllabus for 2026-27 is below.
Academic year:
CISCE Class 12 Accounts Revised Syllabus
CISCE Class 12 Accounts Course Structure 2026-27 With Marking Scheme
| # | Unit/Topic | Weightage |
|---|---|---|
| 1 | Partnership Accounts | |
| 1.1 | Fundamentals of Partnership | |
| 1.2 | Goodwill | |
| 🞽 | Reconstitution of Partnership | - |
| 1.3 | Admission of Partner | |
| 1.4 | Retirement and Death of a Partner | |
| 1.5 | Dissolution of a Partnership Firm | |
| 2 | Joint Stock Company Accounts | |
| 2.1 | Issue of Shares | |
| 2.2 | Issue of Debentures | |
| 2.3 | Redemption of Debentures | |
| 2.4 | Final Accounts of Companies | |
| 3 | Financial Statement Analysis | |
| 4 | Cash Flow Statement | |
| 5 | Ratio Analysis | |
| Total | - |
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Syllabus
1: Partnership Accounts [Revision]
CISCE Class 12 Accounts Syllabus
1.1 Fundamentals of Partnership [Revision]
- Concept of Partnership
- Introduction
- Definition: Partnership
- Features
- Nature of Partnership
- Rights of Partner
- Partnership Deed
- Introduction
- Content
- Importance
- Example
- Provisions of the Indian Partnership Act, 1932
- Introduction
- Importance
- Provisions of the Indian Partnership Act, 1932
- Other Important Provisions
- Example
- Special Aspects of Partnership Accounts> Partner's Capital Account
- Introduction
- Journal Entries
- Example
- Types of Partners' Capital Accounts
- Partner's Capital Account> Fixed Capital Account
- Introduction
- Capital Account
- Current Account
- Specimen
- Capital Account vs Current Account
- Example
- Partner's Capital Account> Fluctuating Capital Account
- Introduction
- Capital Account
- Specimen
- Example
- Difference Between Fixed Capital Account and Fluctuating Capital Account
- Examples on Partners’ Capital Accounts
- Example 1
- Example 2
- Example 3
- Distribution of Profit Among Partners
- Profit and Loss Appropriation Account
- Introduction
- Features
- Specimen
- Journal Entries
- Example
- Interest on Capital and Current Accounts
- Interest on Capital
- Additional Capital
- Drawings Against Capital
- Calculation of Interest on Capital
- Specimen
- Example
- Provision Relating to Interest on Capital
- Interest on Loan by Partner to the Firm
- Introduction
- Accounting Treatment
- Example
- Interest on Loan by the Firm to a Partner
- Introduction
- Accounting Treatment
- Example
- Rent Paid or Due to Partner
- Introduction
- Accounting Treatment
- Example
- Interest on Drawings
- Introduction
- Calculation of Interest on Drawings
- Example
- Partner's Remuneration (Salary or Commission)
- Introduction
- Formulae
- Accounting Treatment
- Example
- Transfer to Reserves
- Introduction
- Accounting Treatment
- Example
- Past Adjustments
- Introduction
- Alternate Method
- Example
- Guarantee of Profit to a Partner
- Introduction
- Example
- Profit and Loss Appropriation Account
- Profit & Loss Account vs Profit & Loss Appropriation Account
- Difference Between Charge Against Profit and Appropriation out of Profit
- Interest on Capital and Current Accounts> Accounting Treatment of Interest on Capital
- Introduction
- Journal Entries
- Specimen
- Example
- Opening Capital
- Opening Capital
- Introduction
- In Case of Fixed Capital
- In Case of Fluctuating Capital
- Example
- Interest on Balance of Current Account
- Interest on Drawings> Drawings Against Profit and Drawings Against Capital
- Introduction
- Difference Between Drawings Against Profit and Drawings Against Capital
- Adjustments Before the Closing of Partnership Accounts
- Introduction
- Example
1.2 Goodwill [Revision]
- Concept of Goodwill
- Introduction
- Meaning
- Definition: Goodwill
- Characteristics
- Nature of Goodwill
- Need for Valuing Goodwill
- Factors Affecting the Value of Goodwill
- Classification of Goodwill> Purchased Goodwill
- Introduction
- Features
- Examples
- Classification of Goodwill> Self-Generated Goodwill
- Introduction
- Features
- Methods of Valuation of Goodwill
- Average Profit Method
- Introduction
- Limitations
- Super Profit Method
- Introduction
- Formula
- Example
- Capitalisation Method> Capitalisation of Average Profit
- Introduction
- Formula
- Valuation of Goodwill
- Example
- Capitalization Method> Capitalisation of Super Profit
- Introduction
- Valuation of Goodwill
- Example
- Average Profit Method
- Average Profit Method> Simple Average Profit Method
- Introduction
- Formula
- Valuation of Goodwill
- Example
- Average Profit Method> Weighted Average Profit Method
- Introduction
- Formula
- Valuation of Goodwill
- Example
- Difference Between Average Profit and Super Profit
🞽 Reconstitution of Partnership
1.3 Admission of Partner [Revision]- Admission of Partner
- Introduction
- Rights of a New Partner
- Effects of Admission of a Partner
- Adjustments Made at the Time of Admission of a Partner
- Admission of Partner> Change in Profit-Sharing Ratio
- Introduction
- Types
- New Profit Sharing Ratio
- Introduction
- Case 1
- Case 2
- Case 3
- Example
- Sacrificing Ratio
- Introduction
- Formula
- Case 1
- Case 2
- Case 3
- Examples
- Difference Between Sacrificing Ratio and New Profit-Sharing Ratio
- Admission of Partner> Accounting Treatment of Goodwill
- Introduction
- Journal Entries
- Example
- Admission of Partner> Revaluation of Assets and Liabilities
- Introduction
- Accounting Entries
- Examples
- Admission of Partner> Reserves and Accumulated Profit/Losses
- Introduction
- Journal Entries
- Example
- Workmen's Compensation Reserve
- Introduction
- Example
- Investment Fluctuation Reserve
- Introduction
- Example
- General Reserve
- Introduction
- Example
- Accounting for Retained Profits, Losses & Reserves via Single Entry
- Journal Entries
- Example
- Admission of Partner> Adjustment of Capital
- Introduction
- Accounting Entries
- Examples
1.4 Retirement and Death of a Partner [Revision]
- Retirement of Partner
- Introduction
- Accounting Adjustments at the time of the Retirement of a Partner
- Retirement/Death of a Partner> New Profit Sharing Ratio
- Retirement/Death of a Partner> Gaining Ratio
- Difference Between Sacrificing Ratio and Gaining Ratio
- Retirement/Death of a Partner> Treatment of Goodwill
- Introduction
- Unrecorded Goodwill
- Hidden Goodwill
- Example
- Hidden Goodwill
- Introduction
- Example
- Retirement/Death of a Partner> Reserves and Accumulated Profits/Losses
- Introduction
- Journal Entries
- Example
- Computation of Amount Due to the Retiring Partner
- Introduction
- Journal Entries
- Examples
- Payment of Amount due to Retiring Partner
- Journal Entries
- Examples
- Retirement/Death of a Partner> Adjustment of Capitals
- Introduction
- Journal Entries
- Example
- Retirement and Settlement of Loan
- Introduction
- Example
- Retirement During the Accounting Year
- Death of Partner
- Retirement/Death of a Partner> Revaluation of Assets and Liabilities
- Introduction
- Journal Entries
- Example
- Determination of Amount due to the Deceased Partner
- Introduction
- Journal entries
- Deceased Partner's Capital Account
- Settlement of Amount Payable to the Deceased Partner
- Introduction
- Journal Entries
- Share of Profit of the Deceased Partner
- Based of Estimated Profit or Loss
- Deceased Partner's Share of Goodwill
- Example
1.5 Dissolution of a Partnership Firm [Revision]
- Concept of Dissolution of Partnership Firm
- Introduction
- Modes of Dissolution of Firm
- Difference Between Dissolution of Partnership and Dissolution of Firm
- Accounting at the Time of Dissolution of a Firm
- Settlement of Accounts on Dissolution
- Payment of Firm Debts and Private Debts
- Firm's Debts vs Private Debts
- Example
- Process of Dissolution> Realisation Account
- Introduction
- Specimen
- Example
- Revaluation Account vs Ralisation Account
- For Closing Assets Accounts
- Journal Entries
- Example
- For Closing Liabilities Accounts
- Journal Entries
- Example
- For Realisation of Assets
- Journal Entries
- Example
- For Payment of Outside Liabilities
- Journal Entries
- Example
- For Payment of Realisation Expenses
- Journal Entries
- Example
- For Closing Realisation Account
- Journal Entries
- Example
- Process of Dissolution> Loan by Partner to the Firm
- Introduction
- Journal Entries
- Example
- Process of Dissolution> Loan by Firm to the Partner
- Journal Entries
- Example
- Process of Dissolution> Partner's Capital Account
- Introduction
- Journal Entries
- Example
- Process of Dissolution> Cash and Bank Accounts
- Introduction
- Example
- Process of Dissolution> Valuation of Goodwill
- Journal Entries
- Example
- Treatment of Unrecorded (Undisclosed) Assets and Liabilities
- Introduction
- Journal Entries
- Memorandum Balance Sheet
2: Joint Stock Company Accounts [Revision]
CISCE Class 12 Accounts Syllabus
2.1 Issue of Shares [Revision]
- Concept of Company
- Introduction
- Definition: Company
- Features
- Partnership vs Joint Stock Company
- Kinds of Companies
- One Person Company
- Private Company
- Public Company
- Comparison Between Kinds of Companies
- Incorporation of a Company
- Shareholder's Fund> Share Capital of a Company
- Introduction
- Authorised or Nominal, or Registered Capital
- Issued Capital
- Subscribed Capital
- Called-up Capital
- Paid-up Capital
- Reserve Capital and Capital Reserves
- Authorised Capital vs Issued Capital
- Issue of Different Classes of Shares
- Difference Between Reserve Capital and Capital Reserve
- Concept of Shares
- Kinds of Shares> Preference Shares
- Introduction
- Types of Preference Shares
- Kinds of Shares> Equity Shares
- Difference Between Preference Shares and Equity Shares
- Format of Company's Balance Sheet
- Disclosure of Share Capital in a Company's Balance Sheet
- Format
- Example
- Terms of Issue of Shares> Issue of Shares at Par
- Introduction
- Example
- Terms of Issue of Shares> Issue of Shares at Premium
- Introduction
- Nature of Securities Premium
- Accounting Treatment
- Example
- Issue of Shares for Consideration other than Cash
- Introduction
- Issue of Shares for Purchase of Assets or Business
- Issue of Shares to Promoters for Services
- Issue of Shares to Others for Services
- Example
- Calls-In-Arrears
- Introduction
- Accounting Treatment
- Example
- Interest on Calls-In-Arrears
- Introduction
- Journal Entries
- Example
- Calls-In-Advance
- Introduction
- Journal Entry
- Example
- Interest on Calls-In-Advance
- Introduction
- Journal Entries
- Example
- Difference Between Calls-In-Arrears and Calls-In-Advance
- Over Subscription of Shares
- Introduction
- Example
- Under Subscription of Shares
- Introduction
- Minimum Subscription
- Accounting Entries
- Oversubscription vs Undersubscription of Shares
- Example
- Difference Between Oversubscription and Undersubscription of Shares
- Forfeiture of Shares
- Introduction
- Accounting Entries
- Forfeiture of Shares that were Issued at Par
- Forfeiture of Shares that were Issued at a Premium
- When Shares Were Originally Issued at a Premium
- Accounting Treatment
- Example 1
- Example 2
- When Shares Were Originally Issued at Discount
- Accounting Treatment
- Example
- Reissue of Forfeited Shares
- Introduction
- Maximum Possible Discount on Reissue of Forfeited Shares
- Example
- Forfeiture of Shares Allotted Under Pro-rata Category
- Introduction
- Procedure
- Example
2.2 Issue of Debentures [Revision]
- Concept of Debentures
- Introduction
- Definition: Debenture
- Features
- Difference Between Debentures and Shares
- Difference Between Debentureholder and Shareholder
- Types of Debentures
- Issue of Debentures for Cash
- Introduction
- Accounting Entries
- Example
- Terms of Issue of Debentures> Issue of Debentures at Par
- Journal Entries
- Example
- Terms of Issue of Debentures> Issue of Debentures at Premium
- Introduction
- Nature of Securities
- Accounting Treatment
- Example
- Terms of Issue of Debentures> Issue of Debentures at Discount
- Introduction
- Journal Entries
- Example
- Oversubscription of Debentures
- Introduction
- Example
- Undersubscription of Debentures
- Introduction
- Example
- Issue of Debentures for Consideration Other than Cash
- Introduction
- Issue of Debentures to Promoters
- Issue of Debentures to Underwriters
- Issue of Debentures to Vendors
- Journal Entries
- Example
- Issue of Debentures as Collateral Security
- Introduction
- Journal Entries
- Example
- Issue of Debentures with Terms of Redemption
- Introduction
- Journal Entries
- Debentures Issued at Par and are Redeemable at Par
- Journal Entries
- Example
- Debentures Issued at Discount and are Redeemable at Par
- Journal Entries
- Example
- Debentures Issued at Premium and are Redeemable at Par
- Journal Entries
- Example
- Debentures Issued at Par and are Redeemable at Premium
- Journal Entries
- Example
- Debentures Issued at Discount and are Redeemable at Premium
- Journal Entries
- Example
- Debentures Issued at Premium and redeemable at Premium
- Introduction
- Journal Entries
- Example
- Difference Between Premium on Issue of Debentures and Redemption of Debentures
- Issue of Debentures> Calls-In-Arrears
- Introduction
- Accounting Treatment
- Example
- Issue of Debentures> Calls-In-Advance
- Introduction
- Accounting Entries
- Example
- Interest on Debentures
- Introduction
- Accounting Entries
- Example
- Writing off Discount/Loss on Issue of Debentures
- Introduction
- Journal Entries
- Example
2.3 Redemption of Debentures [Revision]
- Concept of Redemption of Debentures
- Sources of Redemption of Debentures
- Out of Capital
- Out of Profits
- Out of Profits and Capital
- Debentures Redemption Reserve (DRR)
- Meaning
- Amount to be Transferred to DRR
- Accounting Treatment
- Transfer of DRR to General Reserve
- Example
- Debenture Redemption Investment (DRI)
- Introduction
- Investment in Debenture Redemption Investment
- Specified Securities for DRI
- Journal Entries
- Example
- Methods of Redemption of Debentures> Redemption by Payment in Lump Sum
- Journal Entries
- Example
- Methods of Redemption of Debentures> Redemption by Payment in Instalments by Draw of Lots
- Introduction
- Example
2.4 Final Accounts of Companies [Revision]
- Concept of Financial Statements
- Introduction
- Definition: Financial Statement
- Objectives
- Characteristics
- Nature
- Essentials of Financial Statements
- Uses and Importance
- Limitations
- Format of Company's Balance Sheet
- Difference Between Company's Balance Sheet and Firm's Balance Sheet
- Contents of Balance Sheet> Equity and Liabilities
- Shareholder's Fund> Share Capital of a Company
- Introduction
- Authorised or Nominal, or Registered Capital
- Issued Capital
- Subscribed Capital
- Called-up Capital
- Paid-up Capital
- Reserve Capital and Capital Reserves
- Authorised Capital vs Issued Capital
- Issue of Different Classes of Shares
- Disclosure of Share Capital in a Company's Balance Sheet
- Format
- Example
- Shareholders' Fund> Reserves and Surplus
- Introduction
- Items of Reserve and Surplus
- Securities Premium in Notes to Accounts
- Appropriation of Profit
- Example
- Shareholders' Fund> Money Received Against Share Warrants
- Equity and Liabilities> Share Application Money Pending Allotment
- Introduction
- Liabilities
- Operating Cycle
- Example
- Current Liabilities – Based on Operating Cycle
- Introduction
- Example
- Equity and Liabilities> Non-Current Liabilities
- Introduction
- Long-Term Borrowings
- Deferred Tax Liabilities
- Other Long-Term Liabilities
- Long-Term Provisions
- Equity and Liabilities> Current Liabilities
- Introduction
- Short-Term Borrowings
- Trade Payables
- Other Current Liabilities
- Short-Term Provisions
- Example
- Contents of Balance Sheet> Assets
- Introduction
- Operating Cycle
- Example
- Statement Showing Classification of Assets
- Current Assets – Based on Operating Cycle
- Assets> Non-Current Assets
- Introduction
- Property, Plant and Equipment and Intangible Assets
- Non-Current Investments
- Deferred Tax Assets
- Long-Term Loans and Advances
- Other Non-Current Assets
- Assets> Current Assets
- Introduction
- Current Investments
- Inventories
- Trade Receivables
- Cash and Bank Balance
- Short-Term Loans and Advances
- Other Current Assets
- Example
- Contingent Liabilities and Commitments
- Introduction
- Contingent Liabilities
- Commitments
- Example
- Statement of Profit and Loss
- Introduction
- Format
- General Instructions
- Provisions and Reserves
- Meaning
- Difference Between Provisions and Reserves
- Examples
- Types of Reserves
- Types
- Difference Between Revenue Reserves and Capital Reserves
- Examples on Financial Statements
3: Financial Statement Analysis [Revision]
CISCE Class 12 Accounts Syllabus
- Concept of Financial Statement Analysis
- Meaning
- Definition: Financial Statement Analysis
- Uses of Financial Analysis
- Purpose of Financial Analysis
- Parties Interested in Financial Analysis
- Limitations
- Methods of Financial Statement Analysis
- Introduction
- Horizontal Analysis vs Vertical Analysis
- Intra-Firm Comparison and Inter-Firm Comparison
- Tools of Analysis of Financial Statements
- Comparative Financial Statement
- Introduction
- Objectives
- Limitations
- Comparative Balance Sheet
- Introduction
- Objectives
- Advantages
- Preparation of Comparative Balance Sheet
- Format
- Example
- Comparative Income Statement
- Statement of Profit and Loss
- Terms Used in Statement of Profit and Loss
- Objectives
- Preparation of Comparative Income Statement
- Format
- Example
- Common-Size Statement
- Introduction
- Objectives
- Common Size Balance Sheet
- Introduction
- Objectives
- Preparation
- Format
- Example
- Common-Size Income Statement
- Introduction
- Objectives
- Preparation of Common-Size Statement
- Format
- Example
- Trend Analysis
- Introduction
- Example
4: Cash Flow Statement [Revision]
CISCE Class 12 Accounts Syllabus
- Concept of Cash Flow
- Introduction
- Examples
- Concept of Cash Flow Statement
- Introduction
- Objectives
- Importance
- Limitations
- Difference Between Cash Flow Statement and Cash Budget
- Difference Between Cash Flow Statement and Income Statement
- Procedure of Preparing Cash Flow Statement
- Classification of Business Activities as per AS-3
- Operating Activities
- Investing Activities
- Financing Activities
- Treatment of Some Peculiar Items
- Introduction
- Example
- Cash Flow from Operating Activities
- Introduction
- Indirect Method
- Procedure
- Net Profit vs Cash From Operations
- Example
- Cash Flow from Investing Activities
- Introduction
- Format
- Example
- Cash Flow from Financing Activities
- Introduction
- Format
- Example
- Preparation of Cash Flow Statement
- Introduction
- Format
- Example
- Examples on Cash Flow Statement
5: Ratio Analysis [Revision]
CISCE Class 12 Accounts Syllabus
- Concept of Ratio
- Introduction
- Definition: Ratio
- Expression of Ratios
- Concept of Ratio Analysis
- Introduction
- Objectives
- Advantages
- Limitations
- Classification of Ratios
- Introduction
- Liquidity Ratios
- Solvency Ratios
- Activity Ratios
- Profitability Ratios
- Liquidity Ratios
- Introduction
- Types
- Current Ratios/Working Capital Ratios
- Introduction
- Objectives
- Formula
- Effect of Transactions on Current Ratio
- Example
- Quick Ratio/Acid Test Ratio/Liquid Ratio
- Introduction
- Objectives
- Effect of Transactions on Quick Ratio
- Formula
- Example
- Difference Between Current Ratio and Quick Ratio
- Solvency Ratios
- Introduction
- Types
- Debt to Equity Ratio
- Introduction
- Formula
- Objectives
- Effect of Transactions on Debt to Equity Ratio
- Example
- Debt to Total Assets Ratio
- Introduction
- Formula
- Objectives
- Example
- Proprietary Ratio
- Introduction
- Formula
- Objectives
- Example
- Interest Coverage Ratio
- Introduction
- Formula
- Significance
- Example
- Activity Ratios
- Introduction
- Types
- Inventory Turnover Ratio
- Introduction
- Formula
- Significance
- Example
- Trade Receivables Turnover Ratio
- Introduction
- Formula
- Significance
- Example
- Trade Payables Turnover Ratio
- Introduction
- Formula
- Significance
- Example
- Working Capital Turnover Ratio
- Introduction
- Formula
- Significance
- Example
- Profitability Ratios
- Introduction
- Types
- Gross Profit Ratio
- Introduction
- Formula
- Significance
- Example
- Operating Ratio
- Introduction
- Formula
- Significance
- Example
- Net Profit Ratio
- Introduction
- Formula
- Example
- Operating Profit Ratio
- Introduction
- Formula
- Significance
- Example
- Earnings Per Share
- Introduction
- Formula
- Significance
- Example
- Price Earnings Ratio
- Introduction
- Formula
- Significance
- Example
- Return on Investment
- Introduction
- Formula
- Significance
- Example
