UP Board Class 12 Accountancy Syllabus 2026-27: Chapters & Marks

The UP Board Class 12 Accountancy Syllabus 2026-27 is prescribed by the Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP). The syllabus covers partnership accounting, company accounts, financial statements, accounting ratios and cash flow statements.

As per the latest UPMSP syllabus for the 2026-27 academic session, Class 12 Accountancy is divided into 9 units, covering Part 1 and Part 2. The units together carry 100 marks. Students can check the complete unit-wise syllabus, topics and marks distribution below.

UP Board Class 12 Accountancy Syllabus 2026-27: Overview

UP Board Class 12 Accountancy Syllabus 2026-27 PDF

Students can download the latest Accountancy syllabus issued by UPMSP for the 2026-27 academic session.

UP Board Class 12 Accountancy Marks Distribution 2026-27

The official UPMSP syllabus contains nine units with the following marks distribution:

UP Board Class 12 Accountancy Syllabus Part 1

Part 1 of the UP Board Class 12 Accountancy syllabus covers partnership accounting and includes Units 1 to 4.

Unit 1: Accounting for Partnership Firms – Basic Concepts

This unit introduces the basic concepts and accounting treatment related to partnership firms.

Topics include:

• Basic concepts of partnership accounting
• Fundamental concepts of partnership
• Nature of partnership
• Partnership deed
• Provisions applicable in the absence of a partnership deed
• Specific aspects of partnership accounts
• Maintenance of partners' capital accounts
• Distribution of profit among partners
• Profit and Loss Appropriation Account
• Calculation of interest on capital
• Changes in capital and drawings
• Interest on drawings
• Guarantee of profit to a partner
• Past adjustments

Marks: 6

Unit 2: Reconstitution of Partnership Firm – Admission of a Partner

This unit covers the accounting treatment when a new partner is admitted into a partnership firm.

Topics include:

• Reconstitution of a partnership firm
• Types of reconstitution
• Admission of a partner
• New profit-sharing ratio
• Sacrificing ratio
• Goodwill
• Meaning of goodwill
• Factors affecting the value of goodwill
• Need for valuation of goodwill
• Methods of valuation of goodwill
• Average profit method
• Super profit method
• Capitalisation method
• Treatment of goodwill when the new partner brings goodwill in cash
• Treatment when the new partner does not bring goodwill in full or in part
• Hidden goodwill
• Adjustment of accumulated profits and losses
• Revaluation of assets and reassessment of liabilities
• Adjustment of capital
• Change in profit-sharing ratio among existing partners

Marks: 13

Unit 3: Reconstitution of Partnership Firm – Retirement or Death of a Partner

This unit focuses on accounting treatment related to the retirement or death of a partner.

Topics include:

• Retirement or death of a partner
• Calculation of amount due to a retiring or deceased partner
• New profit-sharing ratio
• Gaining ratio
• Treatment of goodwill when it is not appearing in the books
• Hidden goodwill
• Adjustment for revaluation of assets and liabilities
• Adjustment of accumulated profits and losses
• Settlement of amount due to a retiring partner
• Retirement of a partner during the year
• Settlement of retiring partner's capital
• Death of a partner
• Settlement of amount due to a deceased partner

Marks: 13

Unit 4: Dissolution of Partnership Firm

This unit deals with the dissolution of a partnership firm and the accounting treatment required for settlement.

Topics include:

• Dissolution of partnership
• Dissolution of a firm
• Settlement of accounts
• Accounting treatment at the time of dissolution

Marks: 13

UP Board Class 12 Accountancy Syllabus Part 2

Part 2 covers company accounts and analysis of financial information. It includes Units 5 to 9.

Unit 5: Accounting for Share Capital

This unit introduces company share capital and the accounting treatment for the issue and forfeiture of shares.

Topics include:

• Features of a company
• Types of companies
• Share capital of a company
• Classification of share capital
• Types and nature of shares
• Preference shares
• Equity shares
• Issue of shares
• Accounting treatment of share issue
• Calls in arrears
• Calls in advance
• Oversubscription
• Undersubscription
• Issue of shares at premium
• Issue of shares at discount
• Issue of shares for consideration other than cash
• Forfeiture of shares
• Reissue of forfeited shares

Marks: 13

Unit 6: Issue of Debentures

This unit covers the meaning, types and accounting treatment of debentures.

Topics include:

• Meaning of debentures
• Types of debentures
• Difference between shares and debentures
• Classification of debentures
• Debentures from the perspective of security
• Debentures from the perspective of tenure
• Convertible and non-convertible debentures
• Classification according to coupon rate
• Registered and bearer debentures
• Issue of debentures
• Issue of debentures for cash
• Issue of debentures at discount
• Issue of debentures at premium
• Oversubscription
• Issue of debentures for consideration other than cash
• Issue of debentures as collateral security
• Terms of issue of debentures
• Interest on debentures
• Accounting treatment of debenture issue
• Writing off discount/loss on issue of debentures

Marks: 12

Unit 7: Financial Statements of a Company

This unit focuses on the preparation and understanding of company financial statements.

Topics include:

• Meaning of financial statements
• Nature of financial statements
• Objectives of financial statements
• Types of financial statements
• Format and contents of the Balance Sheet
• Major features of presentation
• Shareholders' funds
• Share capital
• Reserves and surplus
• Money received against share warrants
• Classification of current and non-current items
• Current and non-current assets
• Current and non-current liabilities
• Trade payables
• Proposed dividend
• Provisions
• Fixed assets
• Investments
• Inventories
• Trade receivables
• Cash and cash equivalents
• Format and contents of Statement of Profit and Loss
• Importance and limitations of financial statements

Marks: 12

Unit 8: Accounting Ratios

This unit deals with ratio analysis and the interpretation of financial information.

Topics include:

• Meaning of accounting ratios
• Objectives of ratio analysis
• Advantages of ratio analysis
• Limitations of ratio analysis
• Types of accounting ratios
• Liquidity ratios
• Current ratio
• Quick ratio
• Solvency ratios
• Debt-equity ratio
• Proprietary ratio
• Total assets to debt ratio
• Interest coverage ratio
• Activity or turnover ratios
• Inventory turnover ratio
• Trade receivables turnover ratio
• Trade payables turnover ratio
• Net assets turnover ratio
• Profitability ratios
• Gross profit ratio
• Operating ratio
• Operating profit ratio
• Net profit ratio
• Return on capital employed
• Return on shareholders' funds
• Earnings per share
• Book value per share
• Dividend payout ratio
• Price-earnings ratio

Marks: 9

Unit 9: Cash Flow Statement

This unit covers the preparation and interpretation of the Cash Flow Statement.

Topics include:

• Objectives of Cash Flow Statement
• Advantages of Cash Flow Statement
• Cash and cash equivalents
• Meaning of cash flow
• Classification of cash flows
• Cash flow from operating activities
• Cash flow from investing activities
• Cash flow from financing activities
• Treatment of specific items
• Calculation of cash flow from operating activities using the indirect method
• Calculation of cash flow from investing activities
• Calculation of cash flow from financing activities
• Preparation of Cash Flow Statement

Marks: 9

UP Board Class 12 Accountancy Unit Tests 2026-27

The official UPMSP syllabus also specifies four unit tests under formative education. These are conducted at the school level, and the marks obtained in these tests are not included in the examination result.

For the first unit test, the official syllabus also specifies 10 marks for summer vacation homework and 10 marks for the unit test.

How to Prepare for UP Board Class 12 Accountancy 2026-27?

Students can follow these preparation strategies for Accountancy:

1. Understand the syllabus first: Go through all nine units and note their marks distribution.
2. Practise numerical questions: Partnership accounting, share capital, debentures, accounting ratios and cash flow statements require regular practice.
3. Focus on high-weightage units: Units 2, 3, 4 and 5 carry 13 marks each, making them important parts of the syllabus.
4. Learn accounting formats: Practise the correct formats for accounts, statements and calculations.
5. Revise formulas and ratios: Maintain a separate list of important accounting ratios and formulas.
6. Practise step-by-step solutions: Write journal entries and calculations systematically to reduce errors.
7. Solve previous questions: Practise questions based on the prescribed syllabus to improve speed and accuracy.
8. Revise regularly: Revisit completed units instead of waiting until the end of the academic session.

UP Board Class 12 Accountancy Syllabus 2026-27: Key Highlights

• The latest UPMSP Accountancy syllabus is for the 2026-27 academic session.
• Accountancy is subject code 156.
• The syllabus contains 9 units.
• The total marks specified across the nine units are 100.
• Units 2, 3, 4 and 5 carry the highest individual weightage of 13 marks each.
• Unit 6 and Unit 7 carry 12 marks each.
• Accounting Ratios and Cash Flow Statement carry 9 marks each.
• The syllabus covers partnership accounting, company accounts, financial statements, accounting ratios and cash flow statements.
• Four school-level unit tests are specified under formative education, and their marks are not included in the examination result.