Class 12 Accountancy: The Ultimate Syllabus Guide
This guide provides a complete overview of the Class 12 Accountancy curriculum and syllabus as per the NEB guidelines.
1. Detailed Class 12 Accountancy Syllabus
Unit 1: Company Accounting
- 1.1 Corporate Concept
- 1.1.1 Company: Meaning, features, and differences between private and public companies. Company documents (Memorandum of Association, Articles of Association, and Prospectus).
- 1.2 Accounting for Share
- 1.2.1 Company’s Share Capital: Meaning and types of share capital. Meaning, features, and types of company shares. Differences between ordinary and preference shares. Provisions related to the issue of shares in the Nepal Company Act.
- Methods of share issue and accounting: Lump-sum, installments, forfeiture, re-issue, minimum subscription, under-subscription, and over-subscription. Issue of shares for cash at par, at a premium, and at a discount. Issue of shares for consideration other than cash.
- 1.3 Accounting for Debentures
- 1.3.1 Debentures: Meaning, features, importance, and types. Differences between shares and debentures.
- Methods of issue and accounting for debentures: Issue for cash with various redemption conditions, for consideration other than cash, as collateral security, and redemption by lump-sum or conversion.
Unit 2: Company Financial Statements
- 2.1 Corporate Financial Statements
- 2.1.1 Preparation of Financial Statements: Meaning and preparation based on traditional and modern methods (under NAS/NFRS), with and without adjustments. Statement of Changes in Shareholders’ Equity.
- 2.2 Worksheet
- 2.2.1 Preparation of Worksheet: Introduction, necessity, and preparation.
- 2.3 Cash Flow
- 2.3.1 Cash Flow Statement: Meaning, importance, and preparation by direct and indirect methods based on worksheet or comparative balance sheet.
Unit 3: Cost Accounting
- 3.1 Concept of Accounting
- 3.1.1 Introduction to Cost Accounting: Meaning, objectives, importance, limitations, and difference from financial accounting. Methods of costing.
- 3.1.2 Cost Concept and Classification: Meaning and classification of cost.
- 3.2 Material and Material Control Accounting
- 3.2.1 Material and Material Control Accounting: Meaning, objectives, purchase procedure, centralized vs. decentralized purchasing, material storage, storekeeper duties, and methods of valuation (FIFO, LIFO, Average methods). Stock Levels and Economic Order Quantity (EOQ).
- 3.3 Accounting for Labor
- 3.3.1 Accounting for Labor: Meaning, importance, labor cost control, wage payment systems (Piece rate, Time rate).
- 3.4 Accounting for Overhead or Indirect Expenses
- 3.4.1 Accounting for Overhead: Meaning, classification, allocation, apportionment, and absorption.
- 3.5 Unit or Production Cost Determination
- 3.5.1 Unit or Production Cost Determination: Meaning, importance, elements of unit cost, and preparation of a cost sheet (Historical and Tender).
- 3.7 Cost Reconciliation Statement (Note: numbering jumps from 3.5 to 3.7 in the source)
- 3.7.1 Cost Reconciliation Statement: Meaning, reasons for differences, and preparation.
Unit 4: Use of Computers in Accounting
- 4.1 Use of Computers in Accounting
- 4.1.1 Computer System in Accounting: Meaning, elements, importance, limitations, process, and information sources. Recording in Excel: Depreciation schedule, loan amortization schedule, Payroll Sheet.
- 4.1.2 Use of Software in Accounting: Use of accounting software, features, company creation, masters, and generating reports.
2. Chapter-wise Notes
3. Class 12 Accountancy Micro-Syllabus
The detailed micro-syllabus for Class 12 Accountancy will be updated here soon. Please check back later for detailed learning outcomes for each unit.