CBSE Class-11 Syllabus 2019-20 (Accountancy)

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CBSE Class-11 Syllabus 2019-20 (Accountancy)

Rationale :

The course in accountancy is introduced at plus two stage of senior second of school education, as the formal commerce education is provided after ten years of schooling. With the fast changing economic scenario, accounting as a source of financial information has carved out a place for itself at the senior secondary stage. Its syllabus content provide students a firm foundation in basic accounting concepts and methodology and also acquaint them with the changes taking place in the preparation and presentation of financial statements in accordance to the applicable accounting standards and the Companies Act 2013. The course in accounting put emphasis on developing basic understanding about accounting as an information system. The emphasis in class Xi is placed on basic concepts and process of accounting leading to the preparation of accounts for a sole proprietorship firm. The students are also familiarized with basic calculations of Goods and Services Tax (GST) in recording the business transactions. 

The increased role of ICT in all walks of life cannot be overemphasized and is becoming an integral part of business operations. The learners of accounting are introduced to Computerized Accounting System at class
XI and XII. Computerized Accounting System is a compulsory component which is to be studied by all students of commerce in class XI; whereas in class XII it is offered as an optional subject to Company Accounts and Analysis of Financial Statements. This course is developed to impart skills for designing need based accounting database for maintaining book of accounts. The complete course of Accountancy at the senior secondary stage introduces the learners to the world of business and emphasize on strengthening the fundamentals of the subject. 

Objectives:

  • To familiarize students with new and emerging areas in the preparation and presentation of financial statements.
  • To acquaint students with basic accounting concepts and accounting standards.
  • To develop the skills of designing need based accounting database.
  • To appreciate the role of ICT in business operations.
  • To develop an understanding about recording of business transactions and preparation of financial statements.
  • To enable students with accounting for Not-for-Profit organizations, accounting for Partnership Firms and company accounts. 

Cource Structure :

Units

 

Periods

Marks

Part A: Financial Accounting-1

 

 

 

Unit-1: Theoretical Framework

25

15

 

Unit-2: Accounting Process

105

40

 

 

130

55

Part B: Financial Accounting-II

 

 

 

Unit-3: Financial Statements of Sole Proprietorship from Complete and

Incomplete Records

60

25

 

Unit-4: Computers in Accounting

20

10

 

 

80

35

Part C: Project Work

30

10

PART A: FINANCIAL ACCOUNTING - I

Unit-1: Theoretical Frame Work

Units/Topics

Learning Outcomes

Introduction to Accounting                             11 Periods

  • accounting- concept, 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)

Theory Base of Accounting                              14 Periods

  • 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

After going through this Unit, the students will be able to:

  • describe  the  meaning,  significance,  objectives, advantages and limitations of accounting in the modem   economic   environment   with   varied types  of  business  and  non-business  economic entities.
  • identify / recognise the individual(s) and entities that use accounting information for serving their needs of decision making.
  • explain the various terms used in accounting and differentiate  between  different  related   terms like   current   and   non-current,    capital   and revenue.
  • give examples of terms like business transaction, liabilities, assets, expenditure and purchases.
  • explain that sales/purchases include both  cash and   credit   sales/purchases   relating    to    the accounting year.
  • differentiate among income, profits and gains.
  • state  the  meaning  of  fundamental  accounting

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Courtesy: CBSE

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CBSE Exam Syllabus
सीबीएसई बोर्ड पाठ्यक्रम
Syllabus
Accountancy
Class-11 (XI)