ISC Class 12 Accounts Syllabus 2026 | Free PDF Download

The ISC Class 12 Accounts Syllabus has been released officially. Accountancy is one of the most important subjects in the ISC curriculum, helping students understand financial transactions, business operations, and corporate management. Whether you plan to pursue CA, CFA, or Business Management, a strong foundation in accounting will be your stepping stone.

Also, you can checkout ISC Economics Class 12 Syllabus and ISC Business Studies Class 12 Syllabus for better prep of your Board Exams 2026.

ISC Class 12 Accounts Syllabus PDF for the Year 2025-26 – Download the Latest PDF

The Accounts Syllabus for 2025-26 has undergone changes! It’s important for students, parents, and teachers to familiarize themselves with these updates for better preparation. Download the revised ISC Accounts Syllabus for 2026 from the link below and begin preparing!

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Assessment Structure for ISC Accounts Syllabus Class 12

The evaluation for ISC Class 12 Accountancy consists of both external and internal assessments. The external exam carries more weight, but the internal assessment makes sure students develop practical financial understanding.

• External Exam: 80 Marks (Theory-based)
• Internal Assessment: 20 Marks (Project Work)

a) Marking Scheme ISC Accounts Syllabus Class 12

Before diving into the detailed syllabus, let’s understand the marks distribution for the Accounts Syllabus:

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b) Exam Pattern ISC Class 12 Accountancy Syllabus

The ISC Accounts syllabus Class 12 exam is structured as follows:

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ISC Class 12 Accountancy Syllabus Detailed Breakdown

The ISC Class 12 Accountancy syllabus is divided into several important topics that cover advanced financial concepts. Here's a detailed breakdown of the syllabus for 2025-26:

1. Partnership Accounts

• Fundamentals of Partnership (Ratio, Capital Accounts, Adjustments)
• Goodwill Valuation
• Admission, Retirement, and Death of a Partner
• Dissolution of Partnership Firms (Including Piecemeal Distribution)

2. Company Accounts

• Share Capital and Types of Shares
• Issue of Shares (Subscription, Oversubscription, and Under-subscription)
• Forfeiture and Reissue of Shares
• Debentures: Issue, Redemption, and Buyback
• Financial Statements of a Company (Balance Sheet, Profit & Loss)

3. Not-for-Profit Organizations

• Receipts and Payments Account
• Income and Expenditure Account
• Balance Sheet of NGOs
• Subscription, Donations, and Other Incomes

4. Cash Flow Statement

• Meaning and Importance
• Direct and Indirect Methods
• Operating, Investing, and Financing Activities

5. Analysis of Financial Statements

• Ratio Analysis (Liquidity, Solvency, Profitability, and Turnover Ratios)
• Comparative and Common-Size Statements

6. Accounting for Bills of Exchange

• Bill of Exchange & Promissory Note
• Dishonor, Renewal, and Retirement of Bills

7. Computers in Accounting

• Basics of Computerized Accounting
• Accounting Software & Database Management
• Automation in Financial Record Keeping

Project Work Details in ISC Accounts Syllabus Class 12 

As per the ISC class 12 accountancy syllabus, students have to complete one project. You can choose any one of the following areas:

1. Final Accounts of a Sole Proprietor - Prepare Trading Account, Profit & Loss Account, and Balance Sheet using a given trial balance with adjustments.
   
2. Computerised Accounting - Record business transactions using accounting software like Tally or MS Excel. You may also be asked to compare manual and computerised accounting systems.
   
3. Cash Flow Statement - Using the data from a balance sheet, prepare a cash flow statement showing inflow and outflow of cash during the year.
   
4. Accounting Ratios and Analysis - Pick a company and calculate at least four accounting ratios such as Current Ratio, Net Profit Ratio, Return on Capital Employed, etc.
   
5. Share Capital Transactions - Record journal entries related to the issue of shares and show their posting into the ledger.

These project options are clearly mentioned in the ISC Class 12 Accounts Syllabus and are meant to test your understanding and practical skills.

a) Suggested Projects in ISC Accounts Syllabus Class 12

1. Accounting Case Study:
   
   1. Partnership firm setup with transactions
   2. Journal, Ledger, Trial Balance, Financial Statements
   3. Accounting ratios (liquidity, solvency, profitability)
      
2. Cash Flow Statement:
   
   1. Comparing two consecutive years/quarters
   2. Graphical representation
      
3. Common Size & Comparative Income Statement:
   
   1. Using company financial reports
   2. Graphical comparison
      
4. Financial Ratio Analysis: Liquidity, solvency, profitability analysis of a company
   
5. Employee Salary Sheet (Spreadsheet): Compute salary breakdown (DA, HRA, CCA, PF, IT)
   
6. Revenue & Commission Statement: Salesperson performance using spreadsheets
   
7. Outstanding Report (Spreadsheet): Interest rate, days outstanding, interest earned, penalties
   
8. Database Management (Employee & Loan Records): Creating, sorting, querying, filtering, and reporting
   
9. Bank Accounts Database: Account details, types, balance, transactions
   
10. Selection Grade Chart (Spreadsheet): Student test scores, total marks, percentage

b) Practical File

You’ll need to maintain a proper practical file that includes:

• Journal entries
• Ledger accounts
• Final accounts or cash flow statements
• Calculations for accounting ratios (based on your project topic)

Make sure the file is neat, properly labelled, and easy to understand. Presentation also plays a role in scoring

c) Viva Voce

In this part, you’ll be asked oral questions related to your project. These may include:

• Why you chose the topic
• What method you used
• What accounting rules or principles you followed
• What you learned from the project

This section carries 5 marks, and good preparation can easily help you get full marks.

Preparation Tips for Accounts Board Exam Class 12

Preparing for ISC Accounts Syllabus Class 12 requires a mix of conceptual understanding and practice. Here are some smart ways to ace the subject:

1. Solve Past Year Papers: Get hands-on practice by solving ISC Accountancy PYQs to understand the question pattern.
2. Focus on Numerical Questions: Most of the paper is based on numericals, so practice journal entries, balance sheets, and ratio analysis daily.
3. Prepare Notes for Theories: Topics like cash flow statements and financial statement analysis need crisp notes for last-minute revision.
4. Time Management: Try solving full-length ISC Accounts Sample Papers within 3 hours to improve your speed and accuracy.

The ISC Class 12 Accountancy syllabus is designed to strengthen students’ financial and analytical skills. Make sure to stay consistent, solve ISC sample papers, and keep revising your concepts. All the best! 

Frequently Asked Questions

What are the major topics in the ISC Class 12 Accounts for 2025-26?

The syllabus includes Accounting for Partnerships, Companies, Financial Statements, and Bank Reconciliation. It also covers accounting for Not-for-Profit organizations. These topics build a strong foundation in practical accounting.

Are there any new chapters in the ISC Class 12 Accounts for 2025-26?

Yes, the syllabus introduces topics on Accounting for Not-for-Profit organizations and new updates on Accounting Standards. These updates ensure students stay aligned with real-world accounting practices.

How are marks distributed in the ISC Class 12 Accounts exam?

The exam consists of both theory and practical sections. Marks are allocated for problem-solving, journal entries, and balance sheets. A significant portion is focused on application-based questions.

Do I need to learn Accounting Standards for ISC Class 12 Accounts?

Yes, Accounting Standards are part of the syllabus and crucial for understanding the practical side of accounting. These standards guide the preparation of financial statements. They are essential for grasping the concepts in real-world accounting.

Where can I get ISC Class 12 Accounts study material for 2025-26?

You can find study materials on the official ISC website, or refer to textbooks prescribed by your school. Online educational platforms and guides also offer ISC-specific resources. These can supplement your classroom learning.