CBSE Class 12 Accountancy Syllabus 2026-27: Updated
Updated for 2026-27: this guide follows the CBSE senior secondary curriculum listed for 2026-27 on cbseacademic.nic.in. Some subject PDFs there still carry a 2025-26 label inside, so check the official PDF for your subject before you finalise your plan.
Business is the accountancy language. Class 12 syllabus strengthens students' knowledge of financial transactions and accounting principles. This course is important for those who pursue commerce and wish to excel in business and finance
Practising past papers is the best way to use this syllabus. Gradehunt’s CBSE Class 12 Accountancy test series gives you chapter-wise and full-syllabus papers with detailed evaluation, so you know where you lose marks before the board exam. Planning a commerce career after Class 12? Many students start with CA: see our CA Foundation test series and the CA course guide for after 12th.
CBSE Class 12 Accountancy Syllabus 2025–26: Units & Structure
The syllabus balances theoretical understanding with practical application, making it highly relevant for students aiming for commerce-related careers or higher studies in finance, business, or management. . The syllabus is divided into 11 Units:
| Unit No. | Unit Title | Topics and Subtopics |
|---|---|---|
1. | Accounting for Not-for-Profit Organisations | Definition and characteristics, receipts and payments account, income and expenditure account, preparing final accounts, difference between receipts and payments and income and expenditure accounts. |
2. | Partnership – Fundamentals | Definition and characteristics of partnership, partnership deed, fixed capital account and fluctuating capital account, goodwill – definition, reasons affecting goodwill, methods of valuation (average profit, super profit, capitalization). |
3. | Partnership – Change in Profit Sharing Ratio | Accounting for changes in profit sharing ratio among partners, accounting treatment of goodwill in case of change, adjusting reserves, revaluation of assets and liabilities, preparation of balance sheet after change. |
4. | Admission of a Partner | Effect of admission on change in profit sharing ratio, treatment of goodwill, revaluation of assets and liabilities, treatment of profits and reserves, capital adjustment, preparation of balance sheet. |
5. | Retirement/Death of a Partner | Revaluation of goodwill, assets and liabilities, adjustment of profit accumulated, treatment of partner's loan, preparation of balance sheet on retirement/death, calculation of share of deceased partner. |
6. | Dissolution of Partnership Firm | Meaning, types of dissolution, settlement of accounts, preparation of realization account, treatment of assets and liabilities, distribution of cash, insolvency of partners, Garner vs. Murray rule. |
7. | Company Accounts – Issue of Shares | Share types, share capital, issue of shares at par, premium and discount, calls in arrears and calls in advance, forfeiture and reissue of shares, accounting entries in respect of share capital. |
8. | Company Accounts – Issue of Debentures | Definition and types of debentures, accounting for issue of debentures, redemption of debentures (by lump sum and instalments), writing off discount or premium on redemption. |
9. | Company's Financial Statements | Preparation of balance sheet according to Schedule III, remuneration of managers, provisions and contingencies, preparation of profit and loss account. |
10. | Financial Statement Analysis | Purpose and significance, financial analysis tools – comparative statements, common size statements, ratio analysis (liquidity ratios, solvency ratios, profitability ratios). |
11. | Cash Flow Statement | Purpose and significance, preparation of cash flow statement according to Accounting Standard-3, classification of activities as operating, investing and financing activities, direct and indirect methods of preparation. |
Conclusion:
Accountancy is the core business subject. The subject teaches students how to account, analyse, and interpret financial data. The subject provides the foundation for career opportunities in finance, auditing, and management. These subjects are crucial in solving real business problems.