Accountancy class 12 | Accountancy class 12 syllabus, Jobs… and more
Class 12 Accountancy: The process of recording, categorising, and reporting financial transactions is known as accounting. Accounting encompasses all those financial activities that are carried out by commercial enterprises, non-trading companies, government organizations, semi-government setups, private persons like medical practitioners and lawyers, and other professionals.
Accounting offers a wide range of employment choices. In all parts of the world, qualified accountants are always in huge demand because all types and sizes of businesses, from Private Limited to Partnership and Sole Proprietorship, require a professional to handle finances. In fact, it is the result of the same that accounting is often said to be a recession-proof profession in banks, insurance companies and management consultancies.
In this article, you will get all the essential information pertaining to accountancy class 12, class 12 accountancy book, the accountancy class 12 syllabus and more, along with an effective strategy and some tips on how you can prepare for CBSE Board Exams, CUET and other competitive exams.
Free Download Detailed class 12th Accountancy Syllabus
Today, accounting makes one of the top career choices for students in India because it offers huge career growth opportunities, better salaries and steady upward growth. But to make accounting a profession, you'll require to take up commerce stream in class 11, study Accountancy class 12 and require a bachelor's and master’s degree to gain specialization.
Table of Contents
Class 12 Accountancy Books
There is a huge advancement in trade and commerce and needless to cite, it is because of emerging technology. Similar to the advancement in technology, the role of an accountant has become more than it used to be earlier. Now, accounting is more than mere bookkeeping; it involves classification, interpretation, analysis and reporting of the financial situation and data of a business. It is in view of the growth aspects of this field that NCERT has introduced the Class 12 Accountancy Book- Computerised Accounting System alongside Accountancy Part I and Accountancy Part II. Students in accountancy class 12, aiming for CA, Financial Consultant and more must be thorough with the basics and concepts of Class 12 Accountancy Books.
Accountancy Class 12 Syllabus
The accountancy class 12 syllabus contains concepts that are easy to understand and very logical. Accountancy class 12 becomes a high-scoring subject for students who study regularly, practice thoroughly and most of all have concept clarity.
You can have a look at the NCERT class 12 accountancy syllabus here.
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Accountancy Part I |
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Chapter |
Topic |
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Chapter 1 |
Accounting for Not-For-Profit Organisations |
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Chapter 2 |
Accounting for Partnerships |
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Chapter 3 |
Reconstitution of Partnership (Admission of Partner) |
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Chapter 4 |
Reconstitution of Partnership (Retirement/Death of Partner) |
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Chapter 5 |
Dissolution of Partnership Firm |
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Accountancy Part II |
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Chapter 6 |
Accounting for Share And Debenture Capital |
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Chapter 7 |
Issue and Redemption of Debentures |
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Chapter 8 |
Financial Statement of a Firm |
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Chapter 9 |
Analysis of Financial Statements |
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Chapter 10 |
Accounting Ratios |
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Chapter 11 |
Cash Flow Statement |
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Computerised Accounting System |
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Chapter 1 |
Overview of Computerised Accounting System |
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Chapter 2 |
Spreadsheet |
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Chapter 3 |
Use of Spreadsheet in Business Applications |
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Chapter 4 |
Graphs and Charts for Business Data |
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Chapter 5 |
Data Base Management System for Accounting |
To know the detailed accountancy syllabus (Theory + Practical) click on the tab below.
Accountancy Class 12, Courses and Colleges
There are numerous colleges, institutes and universities that offer UG and PG courses in accounting. However, there is a certain criterion to get into reputed universities and colleges and one of the basic requirements is the completion of accountancy class 12 from a recognized board. Now, let us take a look at the top courses and colleges to pursue accountancy.
BA Accountancy is an undergraduate course which spans 6 semesters and 3 years. A student requires to have complete clarity of accountancy class 12 syllabus to ace this UG course. The course involves the study of concepts like Finance Management, Accounting, Business Math and Statistics, Economics and Direct and Indirect Taxation. After completing your BA in Accounting, you can work in banks, stock exchange institutions, auditing offices, excise departments etc.
Top Colleges
- Christ University, Bangalore
- Hindu College, New Delhi
- Lady Shri Ram College for Women, Delhi
- Narsee Monjee College of Commerce & Economics, Mumbai
- Shri Ram College of Commerce (SRCC), Delhi University
- St. Xavier’s College, Kolkata
B.Com (Accountancy) is a three years professional Accountancy course opted by students who wish to pursue core Accounting professions like Accountant, Investment Analyst, Accounts Handler, Tax Adviser, Financial Risk Analyst, Financial Planner, etc. Important subjects that are taught in this course are Auditing, Cost Accounting, Business Statistics, Income tax, and Business Economics. The program involves a more practical approach as compared to BA (Accountancy).
Top Colleges
- Christ University, Bangalore
- Jindal School of Banking and Finance (OP Jindal University)
- Lady Shri Ram College for Women, Delhi
- Narsee Monjee College of Commerce & Economics, Mumbai
- Shri Ram College of Commerce (SRCC), Delhi University
- St. Xavier’s College, Kolkata
The Bachelor of Business Administration (BBA) or Bachelor of Management Studies (BMS) with an accounting specialization or major is a three years course that is suitable for students who are more interested in general business administration and management courses but also want to study accounting in depth. After studying the accountancy class 12 syllabus and completing BBA/BMS, a candidate can get entry-level positions in the Banking sector, Business Consultants, Coordinators in Educational Institutes, Export Companies, Financial Organizations, Marketing Organizations, Multinational Companies, etc.
Top Colleges
- Guru Gobind Singh Indraprastha University
- Indian Institute of Management (IIM), Indore
- Indian Institute of foreign trade (IIFT), New Delhi
- Madras Christian College, Chennai
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Shaheed Sukhdev College of Business Studies (SSCBS), New Delhi
List of universities offering courses in Accountancy
After completion of accountancy class 12, students to wish to obtain specialization in accounting can pursuse accountacy courses from the below-mentioned top universities:
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University |
Courses Offered |
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Babasaheb Bhimrao Ambedkar University |
B.Com |
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Guru Ghasidas Vishwavidyalaya |
B.Com (Hons.) |
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Nagaland University |
B.Com (Hons.) & BBA |
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North-eastern Hill University |
B.Com & BBA |
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University Of Delhi |
B.Com & BMS |
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Dr. B.R. Ambedkar University Delhi |
B.Com (Hons.) & BBA |
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Chinmaya Vishwavidyapeeth |
B.Com (Hons.) |
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Jamia Hamdard |
BBA & B.Com |
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Manav Rachna International Institute of Research and Studies |
BBA |
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Chhatarapti Shivaji Maharaj University |
B.Com (Hons.) & BBA |
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Galgotias University |
B.Com (Hons.) & BBA |
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IIMT University |
B.Com (Hons.) & BBA |
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SRM University |
B.Com (Hons.) & BBA |
Highest Paying Jobs in Accountancy
Pursuing a course in commerce of your choice, from one of the best college for commerce in India, will pave the way for your bright future. There are a lot of options available for a student pursuing his/her higher (UG) studies in commerce stream subjects. Details of some professional commerce stream jobs are listed below.
Given below is a specially curated list of jobs one can get after accountancy class 12 and UG/PG specialization:
Accountant
Average Salary- INR 4-6 Lakhs P.A.
Primary Responsibilities:
An accountant is responsible for the accounting and reporting of financial transactions for corporations, government institutions, and individuals.
Preparing financial statements of a company, examining financial records, bookkeeping, reconstructing missing financial records and ensuring no fraudulent act in financial or accounting activities.
Chartered Financial Accountant
Average Salary- INR 6-10 Lakhs PA.
Primary Responsibilities
A Chartered Financial Analyst (CFA) is an expert in managing investments. This work demands precise financial market forecasting. Equities management, finances management, credit analysis, and fixed income analysis all be done by a CFA.
They also provide consultation/advice to clients regarding financial risks, business growth, tax planning, acquisitions, and mergers.
Auditor
Average Salary- 4-6 Lakhs P.A.
Primary Responsibilities
A company's financial records are examined by an auditor, who verifies their trustworthiness and accuracy. Depending on the firm, the job of an auditor may be internal, external, government, or forensic.
One of an auditor's duties is to arrange and review financial accounts in accordance with legal requirements. An auditor can also advise management on the best practices, and make sure taxes are submitted accurately and on time.
Financial Analyst
Average Salary- 5.5 Lakhs P.A. (For Freshers), INR 15-20 Lakhs P.A. (After Experience)
Primary Responsibilities
A Financial Analyst specializes in tracking operational data and performing financial forecasting along with reporting. Professionals in this field perform financial data analysis and produce financial models that aid in decision-making for the growth of the company.
Studying the performance of various investments, including stocks, bonds, commodities, and more, in order to advise companies and people who are making investment decisions.
Management Consultant
Average Salary- INR 9-10 Lakhs P.A.
Primary Responsibilities
Management Consultants or Management Analysts, suggest changes to business procedures to increase operational effectiveness. Their work involves solving complex problems of a business and providing solutions for the same with internal data analysis.
Accountancy Syllabus for CUET
Accountancy involves understanding concepts as well as applying computational skills. Essentially, it becomes an application-based subject, which, with complete concept clarity becomes easy to deal with in real-life situations.
We have already discussed the accountancy class 12 syllabus and it is necessary to note that the syllabus for CUET accountancy is the same; which means, having complete know-how of the class 12 accountancy syllabus is crucial for acing the CUET exam. But it is significant to note that for covering basics, sharpening accounting skills and gaining exposure, one requires coaching, and no better platform better than Career Launcher is best suitable for students to learn accountancy for scoring high in the CBSE Board exam, CUET exam as well as other competitive exams.
Questions & marking scheme for Accountancy in CUET - Question types will be objective (MCQs) and the duration of the Accountancy exam will be 45 mins. The maximum mark is 200. The Marking Scheme is +5 for each right answer and 1 mark will be deducted for each wrong answer. Accountancy comes under Section II - i.e. Domain Specific subjects There will be one Question Paper for Accountancy with 50 questions, out of which 40 questions need to be attempted.
Accountancy Coaching
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Frequently asked questions
The courses you can do in accountancy after the 12th are BA (Accountancy), B. Com (Accountancy), BBA and BMS.
Accountancy is easy to moderate to attempt in the CUET exam. It requires comprehensive concept clarity and lots of practice to ace accountancy in the CUET exam.
Yes, NCERT class 12 accountancy book covers all the topics to ace the CUET accountancy exam.
CUET accountancy online and classroom classes help students in learning basic to complex concepts and practice them enough to ace both CUET and CBSE board exams.
Yes, mentors with deep subject knowledge and experience are assigned to students to help them gain complete know-how of different concepts.