UP Board Class 12 Accountancy Syllabus 2026-27

Marks distribution

Total: 100 marks, one single exam paper (no separate internal assessment).

Part 1 — Partnership Accounting:

Unit	Topic	Marks
1	Partnership Accounting — Fundamentals	6
2	Reconstitution of a Partnership Firm — Admission of a Partner	13
3	Reconstitution of a Partnership Firm — Retirement/Death of a Partner	13
4	Dissolution of a Partnership Firm	13

Part 2 — Company Accounts:

Unit	Topic	Marks
5	Accounting for Share Capital	13
6	Issue of Debentures	12
7	Financial Statements of a Company	12
8	Accounting Ratios	9
9	Cash Flow Statement	9

Topics covered

Unit 1 — Partnership Fundamentals (6): nature of partnership, partnership deed, accounting provisions, special features of partnership accounts, maintaining partners’ capital accounts, profit distribution among partners, profit and loss appropriation account, interest on capital, changes in capital and drawings, interest on drawings, guarantee of profit to a partner, past adjustments.

Unit 2 — Admission of a Partner (13): types of reconstitution, admission of a partner, new profit-sharing ratio, sacrificing ratio, goodwill — meaning, factors affecting value, need for valuation, methods of valuation (average profit, super profit, capitalization methods), treatment of goodwill in various scenarios, hidden goodwill, adjustment of accumulated profits/losses, revaluation of assets and reassessment of liabilities, capital adjustment, change in profit-sharing ratio among existing partners.

Unit 3 — Retirement/Death of a Partner (13): determining the amount payable to a retiring/deceased partner, new profit-sharing ratio, gaining ratio, treatment of goodwill, adjustments for revaluation of assets and liabilities, adjustment of accumulated profits/losses, settlement when a partner retires mid-year, settlement of amount payable, adjustment of partners’ capital, death of a partner.

Unit 4 — Dissolution of a Partnership Firm (13): dissolution of partnership, dissolution of the firm, settlement of accounts, accounting treatment.

Unit 5 — Accounting for Share Capital (13): features of a company, types of companies, share capital of a company, classification of shares, categories and nature of shares, preference shares, equity shares, issue of shares, accounting treatment — calls in arrears, calls in advance, over-subscription, under-subscription, issue of shares at premium, issue of shares at discount, issue of shares for consideration other than cash, forfeiture and reissue of forfeited shares.

Unit 6 — Issue of Debentures (12): meaning, types of debentures, difference between shares and debentures, types by security, tenure, convertibility, coupon rate, and registration; issue of debentures — at discount, at premium, over-subscription, issue for consideration other than cash, issue as collateral security, conditions for issuing debentures, interest on debentures, accounting treatment, writing off discount/loss on issue of debentures.

Unit 7 — Financial Statements of a Company (12): meaning and nature of financial statements, objectives, types, format and content of the balance sheet, key disclosure features, shareholders’ funds, share capital, reserves and surplus, money received against share warrants, current/non-current classification, share application money pending allotment, deferred tax assets/liabilities, trade payables, proposed dividend, provisions, fixed assets, investments, inventories, trade receivables, cash and cash equivalents, format and content of the profit and loss statement, usefulness and importance of financial statements, their limitations.

Unit 8 — Accounting Ratios (9): meaning, objectives and advantages of ratio analysis, limitations, types of ratios — liquidity ratios (current ratio, quick/liquid ratio), solvency ratios (debt-equity ratio, debt to capital employed ratio, proprietary ratio, total assets to debt ratio, interest coverage ratio), activity/turnover ratios (inventory turnover, trade receivables turnover, trade payables turnover, net assets or capital employed turnover ratio), profitability ratios (gross profit ratio, operating ratio, operating profit ratio, net profit ratio, return on investment, return on shareholders’ funds, earnings per share, book value per share, dividend payout ratio, price-earnings ratio).

Unit 9 — Cash Flow Statement (9): objectives and benefits, cash and cash equivalents, classification of activities for preparing the statement — cash from operating, investing, and financing activities, treatment of special items, computing cash flow from operating activities via the indirect method, computing cash flow from investing and financing activities, preparing the cash flow statement.