Accounts Home Tutor in Udaipur for Class 12

Accounts for Class 12
Accountancy is a subject recognised as an important asset to learn more about the business. Its knowledge stands indispensable for the sake of recording and analysing business transactions. It also interprets the business results.To help students in clarifying their concepts, the accounts home tutors are available who help students in enhancing their knowledge of principles and practices of financial accounting. Accounts home tuitions for class XII have been extending a helping hand to students to resolve their doubts.

Session wise Curriculum:

Accountancy home tutors teach the students while keeping the syllabus of the NCERT and CBSE in mind. It is being taught going along with the school syllabus. Here we bring tentative session-wise complete Accountancy course for class XII:

Unit 1: Accounting for Partnership Firms

  • Partnership: features, Partnership Deed
  • Provisions of the Indian Partnership Act 1932 in the absence of partnership deed
  • Fixed v/s fluctuating capital accounts.Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits
  • Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio)
  • Goodwill: nature, factors affecting and methods of valuation - average profit, super profit and capitalization
  • Accounting for Partnership firms - Reconstitution and Dissolution
  • Change in the Profit Sharing Ratio among the existing partners
  • Admission of a partner - effect of admission of a partner on change in the profit sharing ratio
  • Retirement and death of a partner: Calculation of deceased partner‟s share of profit till the date of death
  • Dissolution of a partnership firm
Unit-2 Accounting for Companies

  • Accounting for Share Capital
  • Share and share capital: nature and types
  • Accounting for share capital: issue and allotment of equity shares, private placement of shares, Employee Stock Option Plan (ESOP). Public subscription of shares
  • Accounting treatment of forfeiture and re-issue of shares
  • Disclosure of share capital in company‟s Balance Sheet
  • Accounting for Debentures
  • Debentures: Issue of debentures at par, at a premium and at a discount
  • Redemption of debenturesDebenture Redemption Reserve
Unit 3: Analysis of Financial Statements

  • Financial statements of a company: Statement of Profit and Loss and Balance Sheet in the prescribed form
  • Financial Statement Analysis: Objectives, importance and limitations
  • Tools for Financial Statement Analysis
  • Accounting Ratios: Objectives, classification and computation
  • Liquidity Ratios: Current ratio and Quick ratio
  • Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio
  • Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio and Working Capital Turnover Ratio
  • Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment
Unit 4: Cash Flow Statement

Meaning, objectives and preparation (as per AS 3 (Revised) (Indirect Method only)

Unit 5: Computerised Accounting

  • Overview of Computerised Accounting System
  • Introduction: Application in Accounting
  • Features of Computerised Accounting System
  • Structure of CAS
  • Software Packages: Generic; Specific; Tailored
  • Accounting Application of Electronic Spreadsheet
  • Concept of electronic spreadsheet
  • Features offered by electronic spreadsheet
  • Application in generating accounting information
  • Using Computerized Accounting System
  • Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts
  • Data: Entry, validation and verification
  • Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries. Need and security features of the system
  • Database Management System (DBMS)
  • Concept and Features of DBMS
  • DBMS in Business Application
  • Generating Accounting Information - Payroll

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