West Bengal Board Class 12 Accountancy Syllabus 2024-25 at wbchse.wb.gov.in PDF Here

Semester III

Units

Unit 1 Accounting for Partnership Firms – I

Unit 2 Accounting for Company – I

Unit 3 Analysis of Financial Statements OR Computerized Accounts – I

Semester IV

Units

Unit 1 Accounting for Partnership Firms – II

Unit 2 Accounting for Company – II

Unit 3 Cash Flow Statement OR Computerized Accounts – II

Semester III

Unit 1 Accounting for Partnership Firms - I

Partnership: Features, Partnership Deed.

Provisions of the Indian Partnership Act 1932 in the absence of partnership deed.

Fixed v/s fluctuating capital accounts.

Preparation of Profit and Loss Appropriation account: Division of profit among partners, guarantee of profits.

Past Adjustments: Relating to interest on capital, interest on drawing, salary and profit-sharing ratio.

Goodwill: Meaning, nature, factors affecting and methods of valuation - average profit, super profit and capitalization.

Recommendations of Accounting Standards in relation to recognition of Goodwill.

Note: Interest on partner's loan is to be treated as a charge against profits.

Unit 2 Accounting for Company – I

Features and types of companies.

Share and Share Capital: Nature and types.

Debentures: Meaning and types.

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.

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 (if it exists) and then from Statement of Profit and Loss as Financial Cost (AS 16).

Unit 3 Analysis of Financial Statements

Financial Statement Analysis: Meaning, Significance, Objectives, Importance and Limitations. Accounting Ratios: Meaning, Objectives, Advantages, Classification and computation.

Liquidity Ratios: Current Ratio and Quick Ratio.

Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio, Debt to Capital Employed Ratio.

Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and Working Capital Turnover Ratio.

Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment.

Tools for Financial Statement Analysis :Comparative Statements, Common Size Statements, Ratio Analysis

OR

Computerized Accounts - I

Concept of Electronic Spreadsheet:

Concept, Data Entry, Text Management and Cell Formatting, Data Formatting, Output Reports, Preparation of Reports using Pivot Tables and Common Errors in Spreadsheet.

Payroll Accounting.

Data Graphs, Charts and Diagrams, Preparation of Graphs and Charts using Excel, Advantages of using Graphs and Charts.

Semester IV

Unit 1 Accounting for Partnership Firms – II

Change in the Profit-Sharing Ratio among the existing partners–

Sacrificing Ratio, Gaining Ratio, Accounting for Revaluation of Assets and Reassessment of Liabilities and Treatment of Reserves, Accumulated Profits and Losses.

Admission of a partner:

Effect of admission of a partner on change in the ProfitSharing Ratio, Treatment of Goodwill, Treatment for Revaluation of Assets and Reassessment of Liabilities, Treatment of Reserves, Accumulated Profits and Losses, Adjustment of Capital Accounts and Preparation of Capital, Current Account and Balance Sheet.

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, Losses and reserves, Adjustment of Capital Accounts and Preparation of Capital, Current Account and Balance Sheet, Preparation of Loan Account of the Retiring Partner, Calculation of deceased partner’s Share of Profit till the date of death, Preparation of deceased partner’s Capital Account and his Executor’s Account.

Dissolution of 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)).

Unit 2 Accounting for Share Capital - II

Accounting for share capital:

Issue and allotment of equity and preferences shares including simple problems on prorata allotment.

Public subscription of shares:

Over-subscription and under-subscription of shares; Issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for consideration other than cash. Forfeiture and reissue of shares: Accounting treatment.

Disclosures: Disclosure of Share Capital in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013.

Unit 3 Cash Flow Statement

Indirect Method of AS-3 (Revised) and without Adjustments:

Meaning, Objectives, Benefits, Cash and Cash Equivalents, Classification of Activities and Preparation of Cash Flow Statement.

Or

Computerized Accounts - II

Data Base Management System:

Defining Data Base Requirements, Identification of Data to be stored in tables, Structure of Data.

Creating Data Table for Accounting, Using Queries, Forms and Reports for generating accounting information with the help of Microsoft Access Software.