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CBSE Class 11 Accountancy Syllabus 2018 - 2019

Apr 19, 2018 10:10 IST
    CBSE Class 11 Accountancy Syllabus 2018 - 2019
    CBSE Class 11 Accountancy Syllabus 2018 - 2019

    CBSE Class 11 Accountancy Syllabus for the new academic session 2018 – 2019 is recently released by CBSE. This syllabus is important for Class 11 commerce students having Accountancy as one of their subjects. Students can also download this from the download link available at the end of this article.

    Important portion of CBSE Class 11 Accountancy Syllabus 2018 - 2019 is given below

    Name of the units and their weightage

    One Paper | Theory: 90 Marks | 3 hours

    Units


    Marks

    Part A: Financial Accounting ‒ I


    Unit ‒ 1

    Theoretical Framework

    15

    Unit ‒ 2

    Accounting Process

    40



    55

    Part B: Financial Accounting ‒ II


    Unit ‒ 3

    Financial Statements of Sole Proprietorship from Complete and Incomplete Records

    25

    Unit ‒ 4

    Computers in Accounting

    10



    35

    Part C: Project Work

    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. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.

    • Basic Accounting Terms- Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible), Expenditure (Capital and Revenue), Expense, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)

    CBSE Class 12 Accountancy Sample Paper: 2018

    Theory Base of Accounting

    • Fundamental accounting assumptions: GAAP: Concept

    • Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity

    • System of Accounting. Basis of Accounting: cash basis and accrual basis

    • Accounting Standards: Need, benefits, limitations, applicability; IFRS- Need

    • Goods and Services Tax (GST): Characteristics and Objective.

    Unit 2: Accounting Process

    Recording of Business Transactions 30 Periods

    • Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting

    Equation Approach: Meaning and Analysis, Rules of Debit and Credit.

    • Recording of Transactions: Books of Original Entry-

                • Journal

                • Special Purpose books:

                • Cash Book: Simple, cash book with bank column and petty cashbook

                • Purchases book

                • Sales book

                • Purchases return book

                • Sales return book

    Note: Including simple GST calculations

                • Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts

    Bank Reconciliation Statement:

                • Need and preparation, Bank Reconciliation Statement with Adjusted Cash Book

    Depreciation, Provisions and Reserves. 20 Periods

                • Depreciation: Concept, Features, Causes, factors

                • Other similar terms: Depletion and Amortisation

                • Methods of Depreciation:

                            i. Straight Line Method (SLM)

                            ii. Written Down Value Method (WDV)

    Note: Excluding change of method

                • Difference between SLM and WDV; Advantages of SLM and WDV

                • Accounting treatment of depreciation

                            i. Charging to asset account

                            ii. Creating provision for depreciation/accumulated depreciation account

                            iii. Treatment for disposal of asset

    • Provisions and Reserves: Difference

    • Types of Reserves:

                i. Revenue reserve

                ii. Capital reserve

                iii. General reserve

                iv. Specific reserve

                v. Secret Reserve

    • Difference between capital and revenue reserve Accounting for Bills of Exchange. 20 Periods

    • Bill of exchange and Promissory Note: Definition, Specimen, Features, Parties.

    • Difference between Bill of Exchange and Promissory

    Note

    •  Terms in Bill of Exchange:

    i. Term of Bill

    ii. Accommodation bill (concept)

    iii. Days of Grace

    iv. Date of maturity

    v. Discounting of bill

    vi. Endorsement of bill

    vii. Bill after due date

    viii. Negotiation

    ix. Bill sent for collection

    x. Dishonour of bill

    xi. Retirement of bill

    xii. Renewal of bill

    • Accounting Treatment

    Note: excluding accounting treatment for accommodation bill Trial balance and Rectification of Errors 20 Periods

    •Trial balance: objectives and preparation

    (Scope: Trial balance with balance method only)

    • 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

    Receipts and Expenditure: Revenue receipts and capital receipts. Capital expenditure, Revenue expenditure and deferred expenditure

    Objective and Importance.

    Trading and Profit and Loss Account: Gross Profit,

    Operating profit and net profit. Preparation.

    Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation.

    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/staff welfare, interest on capital and managers commission.

    Preparation of Trading and Profit and Loss account and

    Balance Sheet of a sole proprietorship with adjustments.

    Incomplete Records

    Features, Reasons and Limitations.

    Ascertainment of profit/loss by statement of affairs method.

    Difference between Accounts from incomplete records and Statement of Affairs. Preparation of Trading , Profit and Loss account and Balance Sheet.

    Unit 4: 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 Management Information System.

    • 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:

    (i) The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.

    (ii) It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers.

    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 twentyfive transactions.

    3. Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram.

    Comprehensive project list is available in the PDF of the syllabus

    Prescribed books

    1. Financial Accountancy – I Class XI NCERT Publication

    2. Accountancy – II Class XI NCERT Publication

    Download CBSE Class 11 Accountancy Syllabus 2018 - 2019

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