CBSE Class 12 Accountancy Syllabus 2026-27 Term I, Term II, Download PDF

The CBSE Class 12 Accountancy syllabus covers accounting for partnership firms, accounting for companies, financial statement analysis, and cash flow statements. The syllabus also includes project work. 

Students who opt for Computerized Accounting can study the Computerised Accounting System and complete the prescribed practical work. The theory examination carries 80 marks, while project or practical work carries 20 marks.

The CBSE Class 12 Accountancy Syllabus 2026-27 document includes Part A, Part B, and Part C. Part A covers Accounting for Partnership Firms and Companies. Part B covers Financial Statement Analysis or Computerised Accounting. Part C covers project or practical work.

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CBSE Class 12 Accountancy Syllabus 2026-27 Highlights

The Class 12 Accountancy syllabus has a theory component of 80 marks and a project or practical component of 20 marks. The theory paper is scheduled for 3 hours. Students can choose between Financial Statement Analysis and Computerized Accounting for the relevant part of the syllabus.

The CBSE Class 12 Accountancy syllabus PDF also gives the unit-wise marks distribution for the theory paper. Part A carries 60 marks. Part B carries 20 marks. Project or practical work carries 20 marks.

CBSE Class 12 Accountancy Marks Distribution

The syllabus gives a clear marks distribution across the major units. Accounting for Partnership Firms carries 36 marks, while Accounting for Companies carries 24 marks. Together, these two units form Part A and carry 60 marks.

Financial Statement Analysis carries 12 marks and Cash Flow Statement carries 8 marks. These two units form Part B and together carry 20 marks. Students choosing Computerised Accounting have Unit 4 Computerised Accounting for 20 marks.

The CBSE Class 12 Accountancy marks distribution shows that Accounting for Partnership Firms has the highest weightage in the theory syllabus. Accounting for Companies is the other major unit under Part A.

Class 12 Accountancy Chapters 2026-27

The Class 12 Accountancy chapters 2026-27 included in the document are organised into major units. The syllabus begins with Accounting for Partnership Firms. It then covers Accounting for Companies, Analysis of Financial Statements, and Cash Flow Statement. 

Students who select the Computerised Accounting option study Computerised Accounting instead of the Financial Statement Analysis section.

Accounting for Partnership Firms

Accounting for Partnership Firms is Unit 1 under Part A. It carries 36 marks. The unit covers partnership fundamentals, partnership deed, provisions of the Indian Partnership Act, capital accounts, profit distribution, goodwill, reconstitution, retirement, death, and dissolution of a partnership firm.

The topics included in this unit are:

• Partnership features and Partnership Deed

• Provisions of the Indian Partnership Act, 1932 in the absence of a partnership deed

• Fixed and fluctuating capital accounts

• Profit and Loss Appropriation Account

• Division of profit among partners

• Guarantee of profits

• Past adjustments

• Interest on capital

• Interest on drawings

• Salary

• Profit sharing ratio

• Goodwill

• Factors affecting goodwill

• Average profit method

• Super profit method

• Capitalisation method

• Change in profit sharing ratio

• Sacrificing ratio

• Gaining ratio

• Revaluation of assets

• Reassessment of liabilities

• Treatment of reserves, accumulated profits and losses

• Admission of a partner

• Retirement and death of a partner

• Dissolution of a partnership firm

For admission, retirement, and death of a partner, the syllabus includes accounting treatment related to goodwill, revaluation of assets, reassessment of liabilities, reserves, accumulated profits and losses, and adjustment of capital accounts. The syllabus also includes preparation of capital accounts, current accounts, balance sheets, and related accounts.

For dissolution, students study the meaning and types of dissolution and the settlement of accounts. The preparation of the realisation account, partners' capital accounts, and cash or bank account is included. Certain topics such as piecemeal distribution, sale to a company, and insolvency of partners are excluded.

Accounting for Companies

Accounting for Companies is another unit under Part A and carries 24 marks. It covers Accounting for Share Capital and accounting for debentures.

The share capital portion includes:

• Features and types of companies

• Share and share capital

• Equity shares

• Preference shares

• Issue and allotment of shares

• Public subscription of shares

• Over-subscription and under-subscription

• Issue at par

• Issue at premium

• Calls in advance

• Calls in arrears

• Issue of shares for consideration other than cash

• Private Placement

• Employee Stock Option Plan

• Sweat Equity

• Forfeiture and reissue of shares

• Disclosure of share capital in the Balance Sheet

The debentures portion includes the meaning and types of debentures. Students also study issue of debentures at par, premium, and discount. Issue of debentures for consideration other than cash, terms of redemption, collateral security, interest on debentures, and writing off discount or loss on issue of debentures are also included.

The syllabus specifically excludes the concept of TDS while studying interest on debentures. It also gives instructions for writing off discount or loss on issue of debentures from Security Premium Reserve, if available, and then from the Statement of Profit and Loss as Financial Cost.

Analysis of Financial Statements

Analysis of Financial Statements is included under Part B and carries 12 marks. The unit begins with financial statements of a company. Students study their meaning, nature, uses, and importance. The prescribed form of the Statement of Profit and Loss and Balance Sheet is based on the major headings and sub-headings under Schedule III of the Companies Act, 2013.

The unit also covers Financial Statement Analysis. The topics include its meaning, significance, objectives, importance, and limitations.

The tools of financial statement analysis included in the syllabus are:

• Comparative statements

• Common size statements

• Ratio analysis

• Cash flow analysis

Cash Flow Statement

Cash Flow Statement is another unit under Part B and carries 8 marks. The unit covers the meaning, objectives, and benefits of a cash flow statement. It also includes cash and cash equivalents and the classification of activities.

The preparation of a Cash Flow Statement is prescribed according to AS 3 using the indirect method only. Students also study adjustments related to depreciation and amortisation, profit or loss on the sale of assets and investments, dividends, and tax.

The syllabus also states that bank overdraft and cash credit are treated as short-term borrowings. Current investments are treated as marketable securities unless otherwise specified.

Computerised Accounting

Students who choose Computerised Accounting study Unit 4: Computerised Accounting. This unit carries 20 marks under Part B. It introduces the Computerised Accounting System and its application in accounting.

The topics include:

• Introduction and application in accounting

• Features of Computerised Accounting System

• Structure of Computerised Accounting System

• Generic software packages

• Specific software packages

• Tailored software packages

• Electronic spreadsheet

• Features of electronic spreadsheet

• Bank reconciliation statement

• Asset accounting

• Loan repayment schedule

• Ratio analysis

• Graphs, charts, and diagrams

• Installation of Computerised Accounting System

• Codification

• Hierarchy of account heads

• Creation of accounts

• Data entry

• Data validation

• Data verification

• Adjusting entries

• Preparation of balance sheet

• Preparation of Profit and Loss Account

• Closing entries

• Opening entries

• Need and security features of the system

The prescribed books listed in the document include Financial Accounting-I Class XI, Accountancy-II Class XI, Accountancy-I Class XII, Accountancy-II Class XII, and Accountancy – Computerised Accounting System Class XII, all from NCERT Publication.

Class 12 Accountancy Project Work

Project work carries 20 marks for students following the Financial Statement Analysis option. The project is based on financial statement analysis of a company and covers any two aspects from the prescribed list.

The project can cover any two of the following:

• Comparative and common size financial statements

• Accounting Ratios

• Segment Reports

• Cash Flow Statements

For students choosing Computerised Accounting, the document specifies practical work carrying 20 marks. The practical work includes a practical file of 12 marks and viva voce of 8 marks.

Class 12 Accountancy Marking Scheme

The Class 12 Accountancy Marking Scheme includes an 80-mark theory paper and 20 marks for project work. For the question paper design, 32 marks are assigned to Remembering and Understanding, 24 marks to Applying, and 24 marks to Analysing, Evaluating and Creating.

The question typology shows that the paper assesses more than memory-based learning. It includes understanding, application, analysis, evaluation, and creation.

The question typology shows that the paper assesses more than memory-based learning. It includes understanding, application, analysis, evaluation, and creation.

Class 12 Accountancy Syllabus 2026-27 PDF Download

Students looking for the Class 12 Accountancy syllabus 2026-27 PDF download can refer to the syllabus document provided for Accountancy, Subject Code 055. The document contains the Class XII units, topics, learning outcomes, marks distribution, project or practical work, prescribed books, and question paper design.