Syllabus for H.S. 2nd Year
ACCOUNTANCY
One Paper : 3 Hours
Marks: 100
Unit wise Distribution of Marks and Periods:
PART-A: Accountig for Not-for-Profit Organisation and Partnership Firms.
Part-B: Company Accounts and Analysis of Financial Statements
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Reduced portion/ Syllabus for H.S. 2nd Year Final Examination 2021 (ACCOUNTANCY)
Unit Wise Distribution of Course Contents:
Part A: Accounting for Not-for Profit Organisation and partnership Firms (Total Marks 50)
Unit-1
Accounting for Not-for-Profit organisation:
1. Meaning, characteristics, and accounting records of Not-for-profit Organisations.
2. Receipts and Payment Account: Meaning and Preparation.
Income & Expenditure Account: Meaning, special terms used in Not-for-profit organisation treatment of some peculiar items in Income & Expenditure Account, Concept of Fund Based and Non fund Based accounting, Preparation of Income and Expenditure Account and Balance Sheet from a Receipt and payment Account and additional information and form a give Trial Balance, Incidental Yrading Activities by Not-for-Profit Organisation.
Unit-2
Accounting of Partnership:
1. Basic Concepts, Characteristics of partnership, Partnership Deed, Contents of Partnership Deed.
2. Maintenance of Capital Accounts of Partners: Fixed and Fluctuating Capital, Distribution of Profit among partners, interest on capital, drawings, interest on drawings, interest on Partner's loan to a firm, salary/ commission to a partner, Guarantee of Profit to a partner, past adjustments.
3. Preparation of Final Accounts of Partnership Firm.
Unit-3
Reconstitution of Partnership Firm- Admission of a Partner:
1. Mode of Reconsitutation of partnership firm.
2. Admission of a New Partner: Matter relating to admission of a New partner, New Profit Sharing Ratio, Sacrificing Ratio.
3. Goodwill: Nature, needs, factors affecting and method of valuation: average profits, Super profits and Capitalisation method, accounting treatment of goodwill on admission of a partner.
4. Treatment of Accumulated Profits & Losses, Revolution of Assets and Re-assessment of Liabilities.
5. Adjustment of Capitals, Change in Profit sharing ratio among the Existing partners.
Unit-4
Reconstitution of Partnership Firm - Retirement/ Death of a Partner:
1. Ascertaining the Amount Due to Retiring/ Deceased Partner.
2. Matter requiring attention at the time of Retirement: New Profit Sharing ratio, Gaining Ratio, Treatment of Goodwill, Revaluation of Assets and Re-assessment of Liabilities, Adjustment of accumulated Profits/Reserve and losses.
3. Disposal of Amount due to Retiring Partner.
4. Adjustment of Partners capital
5. Death of a partner: Calculation of profit for the current period, treatment of Joint Life Policy and Individual Life Policy in case of death of a partner.
Unit-5
Dissolution of Partnership Firm:
1. Meaning, Dissolution of partnership, Dissolution of a Firm.
2. Settlement of Accounts: Preparation of Realisation Accounts and other related accounts, (excluding Piecemeal distribution, insolvency of a partner and sale to a company).
Part B: Company Accounts and Analysis of Financial Statements. (Total Marks 50)
Unit -1
Accounting for Share Capital
1. Company: Meaning and definitions, features and types.
2. Share Capital: Meaning, Classifications, Nature and class of Shares, Accounting for Issue and allotment of Equity and Preference shares, Oversubscription- proportionate allotment, under subscription, calls-in-Arrears, Calls-in-Advance, Issue of share at Par, at premium and discount, Issue of shares for consideration other that cash.
Accounting for forfeiture of shares and Re-issue of forfeited shares.
Buy-back of shares-meaning.
Unit-2
Issue and Redemption of Debentures
1. Debentures: Meaning and types.
2. Accounting for issue of Debentures: Issue of Debentures at par, at a Premium, at a discount, oversubscription, issue of debentures for consideration other than cash, issue of Debentures as a Collateral Security.
3. Terms of issue of Debentures.
4. Accounting for Interest on Debentures, writing off Discount/ Loss on Issue of Debentures.
5. Redemption of Debentures: by payment in Lum-sum, purchase in open market, by conversion, Sinking Fund Method.
Unit-3
Financial Statement of a Company:
1. Financial Statment: Meaning, Nature, Objectives, Types, Uses and Importance, Limitations.
2. income Statement: Form and Contents.
3. Balance Sheet: Forms and Contents.
Unit-4
Analysis of Financial Statements:
1. Meaning, Significance, Objectives, Tools of Financial Statements: Comparative Statement, Common Size Statements, Trend Analysis, Limitations of Analysis of Financial Statements.
Unit-5
Accounting Ratio:
1. Meaning of Accounting Ratios.
2. Ratio Analysis: Objectives, Advantages, Limitations and types- Liquidity Ratios, Solvency Ratios, Activity (Turnover) Ratios and Profitability Ratios.
Unit-6
Cash Flow Statements:
1. Meaning, Nature and objectives of Cash Flow Statements.
2. Preparation of Cash Flow Statements (as per Accounting Standard issued by ICAI)
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