Syllabus for Class 12 Accountancy - II 2024-25 - PSEB - Download PDF

Note:

1. (i) If the realised value of tangible assets (i.e. Land & Buildings, Furniture, Stock etc.) is not given, it should be considered as realised at book value itself.
2. (ii) If the realised value of intangible assets (i.e. Goodwill, Patents, Trade Marks, Computer Software etc.) is not given, it should be considered as nil (zero value).
3. (iii) In case, realisation expenses are borne by a partner, clear indication should be given regarding the payment thereof.

NOTE: Students may choose only one Part from Part II and Part III.

UNIT-7: ACCOUNTING FOR SHARE CAPITAL

• Share and Share Capital: Meaning, Nature and Types Accounting for Share Capital: Issue and Allotment of Equity and Preference Shares, Public subscription of shares - over subscription (prorata adjustment of excess application money) and under subscription share.
• Issue of shares at Par and at Premium, calls in Advance and Calls in Arrears (excluding interest), Issue of Shares for Consideration other than cash.
• Accounting Treatment of Forfeiture and Re-issue of Forfeited Shares.

Note: The term “Securities Premium Reserve Account” has been changed and now it is termed only “Securities Premium”.

UNIT 8: ACCOUNTING FOR DEBENTURES

• Debentures: Meaning, Types of Debentures, Issue at Par, Premium and at a Discount,
• Issue of Debentures for Consideration other than cash, Debenture Issues as Collateral Security –concept, interest on debentures. Writing of discount/loss on issue of debentures.
• Redemption of Debentures: -Methods, Lump sum Draw of lots.
• Creation of Debenture Redemption Reserve.

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).
Capital Reserve cannot be used for writing off Discount/Loss on Issue of Debentures.

UNIT 9: ANALYSIS OF FINANCIAL STATEMENTS

• Financial Statement of Company: Statement of Profit and loss and Balance Sheet in the prescribed form with major heading and sub heading (As per schedule III to the Companies Act, 2013).

Note: Exceptional items, extraordinary items and profit/loss from discontinued operations are excluded.
Forfeited Shares Account is not added either to subscribed and fully paid up or subscribed but not fully paid-up capital and is shown separately in Notes to Accounts as a last item of Share Capital. In other words, Forfeited Shares Account is not added to Subscribed Capital but it is added to Share Capital.

• Financial Statement Analysis: - Meaning, Objectives, Importance, and Limitations.
• Tools for Financial Statements Analysis: - Comparative Statements, Common Size Statement.
• Accounting Ratio: - Meaning, Objectives, Types and Computation.
  (a) Liquidity Ratio: - Current Ratio, Liquidity Ratio.
  (b) Solvency Ratio: - Debt to Equity Ratio, Total Assets to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio.
  (c) Activity Ratio: Inventory Turnover, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio and Working Capital Turnover Ratio
  (d) Profitability Ratio: - Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment.

Note: Net profit ratio is to be calculated on the basis of profit before and after tax.

UNIT 10: CASH FLOW STATEMENT

• Cash Flow Statement: Meaning, Objectives and Preparation (As per AS- 3 Revised) (Indirect Method only),
• Adjustments related to Depreciation and Amortisation, profit or loss on sale of assets including investments, Dividend (final and interim) and Tax
• Bank overdraft and cash credit to be treated as short term borrowings.
• Current investments to be taken as Marketable securities unless otherwise specified.

Note: Previous years’ Proposed dividend to be given effect, as per prescribed in AS-4, Events occurring after the balance sheet date. Current years’ proposed dividend will be accounted for in the next year after it is declared by the shareholders.

OR

PART-III

UNIT 7: OVERVIEW OF COMPUTERIZED ACCOUNTING SYSTEM

• Concepts and Types of Computerized Accounting System (CAS)
• Features of a Computerized Accounting System
• Structure of a Computerized Accounting System
• Steps in installation of CAS, preparation of chart of accounts, codification (Block, Mnemonic and Sequential codes) and hierarchy of account heads.
• Data Entry, Data Validation and Data Verification.

UNIT 8: USING COMPUTERIZED ACCOUNTING SYSTEM

• Introduction to Tally (Educational or any free version), Steps for its installation, Features of Tally.
• Screen components of Tally, Creation/Setting up of a company in Tally, Altering and Deleting a company in Tally.
• Adjustment Entries, Preparation of Financial Statements, Closing Entries and Opening Entries.
• Security of CAS and security features generally available in CAS (Students are expected to understand and practice the entire accounting process using an accounting package).

UNIT 9: ELECTRONIC SPREADSHEET

• Concept and elements of an Electronic Spread Sheet (ES).
• Features offered by Electronic Spread Sheet.
• Main components of MS-Excel (Worksheet, Title Bar, Tool Bar).
• Cell Referencing- Relative, Absolute and Mixed Referencing.
• Basic Functions in Spreadsheet
  (i) Date and Time functions: - Today ( ), Now ( ), Year ( ), Month ( ), Day( ), Date( ).
  (ii) Mathematical Functions: - Sum ( ), Round ( ), Roundup ( ), Round down ( ).
  (iii) Statistical Functions: - Count ( ), CountA ( ), Count Blank( ), Count If(), Rows(), Columns(), Average( ) , Max( ), Min( ).
  (iv) Logical Functions: - IF ( ), AND ( ), OR ( )

UNIT 10: ACCOUNTING APPLICATION OF ELECTRONIC SPREAD SHEET

• Applications of Electronic Spread Sheet in generating Accounting
• Information- Preparing Depreciation Schedule using SLN (), SYD () and DDB () functions
• Preparation of Loan Repayment Schedule using PMT ()
• Preparation of Payroll Statement/Salary Bill
• Preparation of Students Marks sheet.
• Graphs and Charts for Business Data- Introduction, Types of
• Graphs and Charts (Column Chart, Bar Chart, Line Chart, Pie Chart, Scatter Chart, Elements of Charts, Advantages of preparing Charts)

Download PDF

Download the PDF of the Syllabus for Class 12 Accountancy II - PSEB For Free of cost

Check out the Solution of Various Books of Accountancy for Class 12 For PSEB

Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you're a student enrolled in the Punjab School Education Board Class 12, it's essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you're studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.