Accountancy for Class 12

• This is  class for Class 12 CBSE students to teach Accountancy 
• The class will provide the students with strong conceptual ability of accounting topics and also prepare them for a successful board exam
• We will also focus on CA foundation needs as some of you will be opting to go for Chartered Accountancy
• Strongly recommended for students who need the support for the upcoming board exams
• The course comprises of comprehensive coverage of
• Unit 1: Accounting for Partnership Firms
1. Fundamentals of Partnership
• Nature of partnership and partnership deed
• Provisions of the Indian Partnership Act related to accounting
• Fixed vs. fluctuating capital
• Profit and loss appropriation account
• Interest on capital, drawings, partner’s salary/commission
2. Change in Profit-Sharing Ratio
• Sacrificing and gaining ratio
• Revaluation of assets and liabilities
• Adjustment of reserves and accumulated profits/losses
3. Admission of a Partner
• Calculation of new profit-sharing ratio
• Treatment of goodwill
• Revaluation of assets and liabilities
• Adjustment of capital accounts
4. Retirement and Death of a Partner
• New profit-sharing ratio
• Treatment of goodwill, revaluation, and accumulated profits
• Settlement of retiring partner’s account
• Calculation of deceased partner’s share
5. Dissolution of Partnership Firm
• Modes of dissolution
• Settlement of accounts (realisation method)
• Treatment of unrecorded assets/liabilities

Unit 2: Accounting for Companies

1. Accounting for Share Capital
• Meaning and types of shares
• Issue, forfeiture, and reissue of shares
• Over-subscription and pro-rata allotment
• Accounting treatment
2. Accounting for Debentures
• Issue of debentures (at par, premium, discount)
• Interest on debentures
• Redemption of debentures
• art B: Financial Statement Analysis

Unit 3: Analysis of Financial Statements

1. Financial Statements of a Company
   • Structure and format (as per Schedule III, Companies Act, 2013)
   • Comparative and common-size statements
2. Accounting Ratios
   • Liquidity Ratios (Current, Quick)
   • Solvency Ratios (Debt-Equity, Total Assets to Debt, Proprietary)
   • Activity Ratios (Stock Turnover, Debtors Turnover, etc.)
   • Profitability Ratios (Gross Profit, Net Profit, Return on Investment)

Unit 4 Cash Flow Statement

• Meaning and objectives
• Classification of activities (operating, investing, financing)
• Preparation of Cash Flow Statement (as per AS 3)