Accountancy is useful in every walks of life and also very important for all types of Organisation. It is one of the most important knowledge base required for the monetary and financial record-keeping. Thus any business pursuit needs experts for accounts which are called accountants. However, the current day’s rapidly developing business environment has impelled the accountants to revise their concepts, representation, and functions both within the enterprise and in the outside world.  

NCERT Class 12 Accountancy syllabus emphasizes on enhancing the fundamental comprehension about the nature and purpose of the accounting information and its utility in the conduct of business operations. This progresses logical reasoning, analytical skills and considered judgemental potential among the students. Accountancy class 12 provides a wide range of illustrative examples; which helps the students to comprehend and learn quickly. Accounting aims to provide financial information as an information system. In class XII, as a mandatory portion Accounting for Not for Profit Organisations, Partnership Firms and companies are taught. Students will also be given an opportunity to understand about Computerized Accounting System, as an optional course for the Analysis of Financial Statements.