Class 12 Accountancy Project 2023–24: As there is no proper information available on the internet, many students are still confused about the Accounts project 2024. They don’t know which project ideas to choose, how to do ratio and segment analysis, how to make a project report, and more.
Therefore, in this article, we’ll help you by giving answers to all your question related to the CBSE Class 12 Accountancy projects. Moreover, you’ll also get the Class 12 Accounts project pdf including the specific project of ratio and segment analysis, the format of a comprehensive project, and more.
It is to be noted that according to the latest CBSE guidelines only one specific report needs to be submitted in the month of March 2024 to the respective project guides in school. There is no provision of sending a comprehensive project file in pdf format or online.
Furthermore, you can also check the Class 12th Commerce Papers 2024 with the following link.
So let’s begin with knowing about the Class 12 Accountancy projects details as per the CBSE Guidelines.
Must Check: Class 12th Commerce Coaching
CBSE Class 12 Accountancy Project 2023-24
| Units | ChaptersWise | Marks |
|---|---|---|
| Part A | Financial Statements of Not-for-Profit Organizations | 60 |
| Part B | Analysis of Financial Statements | 20 |
| Part C Practical Project test | —-Written test —-Project Report —-VIVA | 12 4 4 |
| Total marks | 20 | |
| Total Accounts Subject Marks | 100 marks |
The accountancy Project work syllabus is the Part C of the class 12th accounts syllabus. As you can see, there are three parts of the Accounts project. The school will notify their students about the written test paper date, date to submit the project file, and VIVA. For all these 3 parts, students are allotted marks out of the total 20 marks.
To know about the class 12 practical exams of all the subjects, students can check our detailed blog.
Also Check: Project of Class 12th Accountancy
Also, Check: Class 12th English Project 2024
A.Written Test Paper
Students need to appear for writing exams as scheduled by the school of the students.
Total marks: 12 marks
- Questions asked: 3-4
- Topics covered in the syllabus: Ratio analysis, comparative analysis, common size analysis, cash flow analysis.,
- Total hours allotted: 1 hour
- Book prescribes to cover project syllabus: Analysis of a financial statement by T.S Grewal, DK Goel, and NCERT book
B. Class 12 Accounts Project File Submission
Total Marks: 04
Students need to prepare the Accounts project file for their project guides in school. They can score 4 marks by submitting a neat, clean, impressive, and properly formatted project report.
CBSE Guidelines on CBSE Accountancy Project for class 12th 2024
CBSE has reduced the syllabus for account projects for class 2023. Students now only need to make one specific project file. Earlier students used to make one comprehensive project and 1 specific project. Where a comprehensive project file included all the basic journal entries, Cash flow statements, p&l accounts, balance sheet, ratio analysis, for a particular company. While a specific report needs to cover the company profile, assessment of financial statements, and specific report analysis.
From 2022, commerce students of class 12th will prepare only one specific project, students have extra 10 hours saved with them to score more than 90% marks in Accounts.
Also, Check – Class 12th Economic Books pdf 2024
Why Are Class 12 Accounts Project Reports Prepared By Class 12th Students?
According to CBSE guidelines, the main objective of preparing the project report is for the following reason
- Able to state the meaning, objectives, and limitations of financial statement analysis.
- Learn the proper use of different tools of ‘financial statements analysis’.
- Are able to make Comparative Statements and Common Size Statement
- Understand the Meaning, objective, advantage, and limitation of each Accounting Ratios
- Learn the formulas for all Types of Ratios
- 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
Class 12 Accountancy Project Ideas for Students (2023-24)
Students should always choose a topic that is interesting and also easy for them. When students have a deep and clear understanding of topics, project making activity becomes fun.
Moreover, they should also choose a company with a varied product mix and avoid choosing service-based companies. For this, they can prefer projects on partnership firms or joint companies.
And more importantly, choose the topic for which information can be easily gathered from the internet, magazine, and newspaper.
Some Accounts Project ideas for class XII are:
Ratio analysis
- Ratio analysis for Dabur
- Ratio analysis for ITC
- Ratio analysis for HLL
Cash flow analysis
- Cash flow analysis for Dabur
- Cash flow analysis for ITC
- Cash flow analysis for HLL
Segment analysis
- Segment analysis for Dabur
- Segment analysis for ITC
- Segment analysis for HLL
CBSE Guidelines On Project Report File Format for 2024
The first page of the file should have the project title, information of the student, school, and the teacher concerned. And, the second page must have an index to indicate columns for the project title, page numbers, date, teacher remark, and signature.
Then the body of the project should be presented in this arrangement
- Title
- Objective
- Period of the study
- Source material
- Tools of analysis used
- Processing and tabulation of data
- Infographic
- Derivations, interpretation, and conclusion
- Assumption if any
How to Prepare a Specific Accounts Project Report?
- Firstly, students need to choose whether they want to prepare a cash flow analysis report, ratio analysis report, or segment report.
- Secondly, students should gather all the financial statements like balance sheet, P&L statement, inventory list, product list, and all other necessary information required for analysis.
- Thirdly, look for the specific question that needs to be answered to process the tabulation of data. For e.g. which is the most profitable product in the product mix? Or should they get more loans for expansion? Or how can they save their cost?
- Fourthly start analyzing all the data with specific tools like ratios or making charts and tables to help you reach some conclusion.
- Fifthly prepare Comparative Statements and Common Size Statement
- Lastly, start placing all the product documents and sheets neatly in the format prescribed by CBSE
Rubrics to Prepare Project File
This table will help you while preparing projects for ratio analysis, cash flow, and segment analysis. Students can learn how to set the objective, source material, tools of analysis before preparing the project file.
Table with head
| Ratio analysis Project | Cash flow Analysis | Segment Analysis | |
|---|---|---|---|
| Objective | Should a company pay all Its liabilities? Should a company buy x Qty of goods on credit? | Should Companies invest in the expansion? Where is the company making maximum expenditure? | Which Product is most profitable for the company? Should Company stop producing product X? |
| Source material | Debtor creditors list Balance sheet | Cash flow statements Profit and loss statements Working capital | Product revenue and expenditure sheet Profit and loss account |
| Tools of Analysis | Accounting Ratios | Cash and Cash Equivalents, Cash Flows | Comparative Statements and Common Size Statement |
| Infographics | graphs, pie charts, bar charts | graphs, pie charts, bar charts | graphs, pie charts, bar charts |
| Conclusion | Interpretation | Deviation | Conclusion |
—Project With GST
Students who choose to make a cash flow analysis or Segment Analysis report should factor in all the GST included cost price. How GST has impacted the manufacturing industry and service industry can also be presented as a comparative statement.
Guidelines To Follow While Making Project
- Knowing and understanding the project topics in-depth,
- Always Select an interesting accounting project topic
- Always keep the project short and precise.
- Try to add more diagrams, graphs, pie charts, bar charts, and any other infographics
- Submit a project on time
- If you have any doubts or problems, talk to your teacher.
CBSE Class 12 Accounts Project 2023-24 PDF
Students looking for the class 12 accountancy project pdf can click on the download link below. In the pdf, you’ll find all the details about the accountancy project for class 12 CBSE 2023-24. Moreover, in the second pdf, you’ll get the specific Class 12 Accounts project of segment analysis.
Download the CBSE class 12 accountancy sample papers pdf for the 2024 board exams with their solutions.
C. VIVA TEST
Total marks:04
The last is the VIVA or oral exams that are scheduled by the school itself in the month of March. The students receive questions in VIVA related to the project submitted. The purpose of scheduling VIVA is to ensure that projects prepared by the students have helped them to create a proper understanding of the topics.
Important Questions for Accounts Practical VIVA 2024
VIVA won’t be more than 5-10 minutes duration and if students who prepare the project with interest and excitement know all the answers to VIVA questions.
If you want to know about important questions of VIVA, then read the entire chapter
Chapter 4 Analysis of Financial Statements
from NCERT book 2 of accountancy.
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Conclusion
Now, you have all the details needed to make a Class 12 Accounts project for the 2023-24 session. It is advised to all the students that they should take the project work seriously. As it will help them in getting good marks in CBSE class 12th result and also make them learn how accounting is done in the real world.
To conclude, you now have the details about the class 12 accountancy project, how to make the specific project of ratio, segment and cash flow analysis, project ideas and the effective tips during the preparation.
READ: Courses after 12th
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