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CBSE Class 11 Accountancy Syllabus 2016 – 2017

May 25, 2016 10:00 IST

    CBSE has released syllabus of Class 11 for the academic session 2016‒2017.

    The key contents of the syllabus issued by CBSE for Class 11th Accountancy are:

    • Name of the Units and their weightage in Board Exam
    • Details of topics and sub-topics to be covered in each unit
    • Prescribed books
    • Question Paper Design for CBSE Class 11th Accountancy Board Exam (2016-17)

    The complete syllabus is as follows:

    Name of the Units and their weightage in Board Exam

    One Paper                                                                        Theory: 90 Marks

                                                                                                        3 hours

    Units

     

    Periods

    Marks

    Part A: Financial Accounting ‒ I

     

     

    Unit ‒ 1

    Theoretical Framework

    25

    15

    Unit ‒ 2

    Accounting Process

    95

    35

     

     

    120

    50

    Part B: Financial Accounting ‒ II

     

     

    Unit ‒ 3

    Financial Statements of Sole Proprietorship from Complete and Incomplete Records

    40

    15

    Unit ‒ 4

    Financial Statements of Non-for-Profits Organizations

    30

    15

    Unit ‒ 5

    Computers in Accounting

    20

    10

     

     

    90

    40

    Part C: Project Work

    30

    10

    Details of topics and sub-topics to be covered in each unit

    Part A: Financial Accounting - I

    Unit 1: Theoretical Framework

    Introduction to Accounting

    • Accounting - concepts objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
    • Basic accounting terms: business transaction, account, capital, drawings, liabilities (non - current and current); assets (non – current and current) fixed assets (tangible and intangible assets and current assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, stock, inventory, trade receivables (debtors and bills receivable), trade payables (creditors and bills payable), cost, vouchers, discount - trade and cash.

    Theory Base of Accounting

    • Fundamental accounting assumptions: going concern, consistency, and accrual.
    • Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
    • Accounting Standards and IFRS (International Financial Reporting Standards): concept and objectives.
    • Double entry system of accounting.
    • Bases of accounting – cash basis and accrual basis

    Unit 2: Accounting Process

    Recording of Transactions

    • Accounting equation: analysis of transactions using accounting equation.
    • Rules of debit and credit: for assets, liabilities, capital, revenue and expenses
    • Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), debit note, credit note, preparation of accounting voucher - cash (debit and credit) and non cash (transfer).
    • Books of original entry: format and recording - Journal.
    • Cash book: simple cash book and cash book with Petty Cash Book.
    • Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper.

    Preparation of Bank Reconciliation Statement, Ledger and Trial Balance

    • Bank reconciliation statement- concept, calculating bank balance at accounting date: need and preparation. Corrected cash book balance.
    • Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts.
    • Trial balance: objectives and preparation

    (Scope: Trial balance with balance method only)

    Depreciation, Provisions and Reserves

    • Depreciation: concept, need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)
    • Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.
    • Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve and specific reserves.

    Accounting for Bills of Exchange

    • Bills of exchange and promissory note: definition, features, parties, specimen and distinction.
    • Important terms : term of bill, due date, days of grace, date of maturity, discounting of bill, endorsement of bill, bill sent for collection, dishonor of bill, noting of bill, retirement and renewal of a bill.
    • Accounting treatment of bill transactions.

    Rectification of Errors

    • Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
    • Detection and rectification of errors; preparation of suspense account.

    Part B: Financial Accounting - II

    Unit 3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records

    • Financial Statements: objective and importance.
    • Trading and Profit and loss account, gross profit, operating profit and net profit.
    • Balance Sheet: need, grouping, marshalling of assets and liabilities.
    • Adjustments in preparation of financial statements : with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, abnormal loss, goods taken for personal use, goods distributed as free samples and manager's commission.
    • Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship.
    • Incomplete records: use and limitations. Ascertainment of profit/loss by statement of affairs method.

    Unit 4: Financial Statements of Not-for-Profit Organizations

    • Not-for-profit organizations: concept.
    • Receipts and Payment Account: features and preparation
    • Income and Expenditure account: features, preparation of income and expenditure account and balance Sheet from the given receipts and payments account with additional information.

    Scope:

    1. Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables, and sale of assets/ old material.
    2. Entrance/ admission fees and general donations are to be treated as revenue receipts.
    3. Trading Account of incidental activities is not to be prepared.

    Unit 5: Computers in Accounting

    • Introduction to Computer and Accounting Information System {AIS}: Introduction to computers (Elements, Capabilities, Limitations of Computer system),
    • Introduction to operating software, utility software and application software. Introduction to Accounting Information System (AIS), as a part of MIS
    • Automation of Accounting Process. Meaning
    • Stages in automation (a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process. (b) Sourcing of accounting Software; kinds of software: readymade software; customised software and tailor-made software; generic considerations before sourcing accounting software (c) creation of account groups and hierarchy (d) generation of reports - trial balance, profit and loss account and balance Sheet.

    Scope:

    • The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
    • It is presumed that the working knowledge of Tally software will be given to the students for the generation of accounting software. For this, the teachers may refer Chapter 4 of Class XII NCERT textbook on Computerized Accounting System.

    Part C: Project Work (Any One)

    1. Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.

    2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.

    3. Comprehensive project starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance. The students will then prepare Trading and Profit and Loss Account and Balance Sheet on the basis of the prepared trial balance. Expenses, incomes and profit (Loss), assets and liabilities are to be depicted using pie chart / bar diagram.

    Prescribed books

    1. Financial Accountancy – I Class XI NCERT Publication

    2. Accountancy – II Class XI NCERT Publication

    Click Here, To Get the Complete Syllabus of CBSE Class 11th Accountancy in PDF format

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