CBSE 2026–27 Accountancy course
Core partnership and company accounts · choose one financial-analysis option
1 · Partnership fundamentalsDeed, appropriation, goodwill, guarantees and adjustments.
2 · Change in profit-sharing ratioSacrifice, gain, goodwill, revaluation and reserves.
3 · Admission of a partnerNew ratio, goodwill, revaluation and capital alignment.
4 · Retirement and deathGaining ratio, amount due and settlement.
5 · Dissolution of a firmRealisation, liabilities and final settlement.
6 · Accounting for share capitalApplications, allotment, calls, forfeiture and reissue.
7 · Issue and redemption of debenturesIssue terms, interest, loss on issue and redemption.
Option A · Financial statement analysisComparative/common-size statements and accounting ratios.
Option A · Cash flow statementOperating, investing and financing cash flows.
Option B · Computerised accountingCAS, spreadsheet use, controls and reporting.
Course structure: partnership firms (36 marks) and companies (24 marks) are followed by either Financial Statement Analysis and Cash Flow (20 marks) or Computerised Accounting (20 marks). Project/practical work carries 20 marks. Check the official syllabus and your school’s chosen option.
Official CBSE Accountancy syllabus ↗
Legacy topic summaries · reference only
These existing modal summaries are retained for continuity. Not-for-Profit Organisations is not listed in the current Class XII assessed units; use it as earlier-course reference.
Legacy chapter list and summaries
1 Accounting for Not-for-Profit Organizations
Financial statements of NPOs, receipts and payments account
2 Accounting for Partnership Firms
Fundamentals, partnership deed, profit & loss appropriation
3 Reconstitution of Partnership
Admission, retirement and death of a partner
4 Dissolution of Partnership Firm
Settlement of accounts, realization account
5 Accounting for Share Capital
Issue of shares, forfeiture and reissue
6 Issue and Redemption of Debentures
Types of debentures, accounting treatment
7 Financial Statements of Companies
Balance sheet, statement of profit and loss
8 Analysis of Financial Statements
Tools, ratios, cash flow analysis
9 Accounting Ratios
Liquidity, solvency, activity and profitability ratios
10 Cash Flow Statement
Operating, investing and financing activities
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Chapter 1: Accounting for Not-for-Profit Organizations
Key Concepts:
- Features of Not-for-Profit Organizations
- Receipts and Payments Account
- Income and Expenditure Account
- Balance Sheet preparation
- Treatment of special items
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Chapter 2: Accounting for Partnership Firms
Key Concepts:
- Nature of Partnership
- Partnership Deed contents
- Profit and Loss Appropriation Account
- Partners' Capital Accounts
- Interest on Capital and Drawings
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Chapter 3: Reconstitution of Partnership
Key Concepts:
- Admission of a new partner
- Sacrificing ratio and gaining ratio
- Treatment of goodwill
- Retirement and death of a partner
- Settlement of accounts
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Chapter 4: Dissolution of Partnership Firm
Key Concepts:
- Difference between dissolution of partnership and firm
- Realization Account
- Accounting treatment of assets and liabilities
- Payment of firm's debts
- Insolvency of partners
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Chapter 5: Accounting for Share Capital
Key Concepts:
- Types of shares
- Issue of shares at par, premium and discount
- Forfeiture and reissue of shares
- Underwriting of shares
- Calls in advance and arrears
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Chapter 6: Issue and Redemption of Debentures
Key Concepts:
- Types of debentures
- Issue of debentures
- Redemption of debentures
- Debenture redemption reserve
- Accounting treatment
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Chapter 7: Financial Statements of Companies
Key Concepts:
- Balance Sheet format
- Statement of Profit and Loss
- Notes to Accounts
- Exceptional and extraordinary items
- Corporate financial reporting
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Chapter 8: Analysis of Financial Statements
Key Concepts:
- Financial statement analysis objectives
- Tools: Comparative statements
- Common size statements
- Cash flow analysis
- Ratio analysis
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Chapter 9: Accounting Ratios
Key Concepts:
- Liquidity ratios
- Solvency ratios
- Activity ratios
- Profitability ratios
- Interpretation of ratios
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Chapter 10: Cash Flow Statement
Key Concepts:
- Objectives of cash flow statement
- Operating activities
- Investing activities
- Financing activities
- Preparation of cash flow statement