ISC Accounts Class 12 Syllabus For Semester (1 & 2) 2024-25

ISC Class 12 Accounts Syllabus 2024-25 is as Follows: 

1. Partnership Accounts 

This part deals with the mentioned topics:

• Fundamentals of partnership

• Provisions of The Indian Partnership Act, 1932

• Profit and Loss Appropriation Account

• Partners’ Capital and Current Accounts

• Guarantee of profits

• Past adjustments

• Concept of goodwill

• Mode of Valuation

• Reconstitution of partnership

• Retirement and death of a partner

• Dissolution of a partnership firm.

2. Joint Stock Company Accounts 

This mainly deals with concepts related to the following:

• Issues of shares

• Issue of debentures

• Creation of Debenture Redemption Reserve (DRR)

• Preparation of the Balance Sheet of a company as per Schedule III Part I of Companies Act 2013

3. Financial Statement Analysis

The major aspects dealt with in this section are as follows:

• Meaning, significance and limitations of Comparative Statements and Common Size Statements

• Preparation of comparative and common size statements

• Statement of Profit and Loss (inter-firm and intra-firm) showing change in absolute and percentage terms

4. Cash Flow Statement 

Preparation of a Cash Flow Statement and Calculation of net cash flows are the main topics discussed here.

5. Ratio Analysis

• Liquidity Ratios

• Solvency Ratios

• Activity Ratios

• Profitability Ratios

6. Accounting Application of Electronic SpreadSheet

Here, aspects of spreadsheets are mentioned like:

• Concept, merits and demerits of Electronic spreadsheets

• Basic features of electronic spreadsheets

• Application of spreadsheets in generating payroll and for data presentation

7. Database Management System (DBMS)

It provides concepts around databases like:

• Understanding of the types and features of DBMS i.e. data update and retrieval

• Basic Commands (Select, Where, And, Or, Update, Delete) and basic functions (Avg, Count, Max, Min, Sum); DBMS in business application