ISC Class 12 Accountancy Syllabus 2025-26

ISC Class 12 Accountancy Syllabus 2025-26 Section-Wise Breakdown

This section provides a structured overview of the major components within each paper, helping students identify key areas for focused preparation.

Section A: Partnership and Company Accounts (60 Marks)

Partnership Accounts

• Fundamentals of Partnership
• Valuation of Goodwill
• Reconstitution of Partnership: Admission, Retirement and Death, Dissolution of Partnership Firm

Joint Stock Company Accounts

• Issue of Shares
• Issue and Redemption of Debentures
• Final Accounts of Companies

Section B: Management Accounting (20 Marks)

1. Financial Statement Analysis
2. Cash Flow Statement
3. Ratio Analysis

Section C: Computerized Accounting (20 Marks)

1. Electronic Spreadsheet Applications
2. Database Management System (DBMS)

ISC Class 12 Accountancy Syllabus 2025-26 Detailed Units

Let us now explore the unit-wise breakdown of the syllabus to understand the key concepts, practical applications, and topics covered in each section.

Unit 1: Fundamentals of Partnership

• Nature, features, and provisions of Indian Partnership Act 1932
• Preparation of Profit and Loss Appropriation Account
• Partners' Capital and Current Accounts (fixed and fluctuating)
• Adjustments for interest on capital, drawings, salaries, commission
• Past adjustments and guarantee of profits

Unit 2: Goodwill

Concept, need, and factors affecting goodwill

Valuation Methods:

• Average profit method
• Super profit method
• Capitalization method

Unit 3: Reconstitution of Partnership

• Admission, Retirement, and Death
• Revaluation of assets and liabilities
• Adjustment of capital and goodwill
• Settlement of retiring/deceased partner's dues
• Preparation of necessary accounts and balance sheets

Unit 4: Dissolution of Firm

• Meaning and settlement under Section 48
• Realisation Account, Partner's Capital Account, Cash/Bank Account

Unit 5: Joint Stock Companies

• Issue of shares: at par, premium, for non-cash considerations
• Calls in arrears and advance
• Forfeiture and reissue of shares
• Debentures: issue, types, interest, redemption
• Company Final Accounts: Schedule III, Notes to Accounts

Unit 6: Financial Statement Analysis

• Comparative and Common Size Statements
• Balance Sheets and Profit & Loss Statements

Unit 7: Cash Flow Statement

• Preparation as per AS-3 (Indirect Method)
• Operating, Investing, and Financing activities

Unit 8: Ratio Analysis

• Liquidity, Solvency, Activity, and Profitability Ratios

Unit 9: Computerized Accounting

• Electronic Spreadsheets: payroll, data analysis, graph creation
• DBMS: basic queries, reports, and business applications

ISC Class 12 Accountancy Syllabus 2025-26 Project Work (20 Marks)

Students are required to complete two projects based on the topics covered in the syllabus. Evaluation will be based on:

• Project Format
• Content and Research
• Findings and Analysis
• Viva-Voce

Suggested projects include:

• Preparation of accounting books and statements for a hypothetical partnership
• Cash flow statement preparation from provided financials
• Ratio analysis and financial reporting of a chosen company

Why Study the ISC Class 12 Accountancy Syllabus 2025-26?

The ISC Class 12 Accountancy Syllabus 2025-26 lays a solid foundation in accounting practices, suitable for those aiming to pursue careers in finance, chartered accountancy, management, or economics. It encourages analytical thinking, accurate record-keeping, and financial literacy.

By studying this syllabus, students gain insights into both traditional manual systems and modern computerized approaches to accounting. Practical understanding is strengthened through project-based learning, while theoretical clarity is built through structured units.

The ISC Class 12 Accountancy Syllabus 2025-26 is also aligned with industry practices and evolving academic standards, ensuring that learners are well-prepared for future opportunities.

Join PW Commerce Online Course and unlock your potential with quality education and dedicated learning support.