(Syllabus) CBSE Syllabus of Accountancy for Class 11th For March 2009 Examination
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Syllabus : CBSE Syllabus of Accountancy for Class 11th For March 2009 Examination
COURSE STRUCTURE
CLASS XI ACCOUNTANCY
One Paper
3 Hours 100 Marks
Part A : Financial Accounting-I
Unit Marks 1. Introduction to Accounting 07 2. Theory Base of Accounting 07 3. Recording of Business Transactions 16 4. Trial Balance and Rectification of Errors 08 5. Depreciation, Provision and Reserves 12 6. Accounting for Bills of Exchange Transactions 10 TOTAL : 60
Part B: Financial Accounting-II
Unit Marks 7. Financial statements 25 8. Accounts from incomplete records 05 9. Computers in Accounting 06 10. Accounting and Database System 04 TOTAL: 40
Part A: Financial Accounting - I (Periods 120)
Unit 1: Introduction to Accounting (Periods 14)
Accounting- meaning, objectives, Accounting as source of information, internal
and external users of Accounting information and their needs. Qualitative
characteristics of Accounting information-reliability, relevance,
understandability and comparability. Basic Accounting Terms - Asset,
Liability, Capital, Expense, Income, Expenditure, Revenue, Debtors, Creditors,
Goods, Cost, Gain, Stock, Purchase, Sales, Loss, Profit, Voucher, Discount,
Transaction, Drawings.
Unit 2: Theory Base of Accounting (Periods 14)
Accounting Principles - meaning and nature
Accounting Concepts: Entity, Money Measurement, Going Concern, Accounting
Period, Cost Concept, Dual Aspect, Revenue Recognition (Realisation), Matching,
Accrual, Full Disclosure, Consistency, Conservatism, Materiality Accounting
Standards- Concept Process of accounting-from recording of business
transactions to preparation of trial balance.
Bases of Accounting - Cash Basis, Accrual Basis
Unit 3: Recording of Business Transactions (Periods 26)
Voucher and Transactions: Origin of Transactions-Source Documents and Vouchers,
preparation of Accounting vouchers; Accounting Equation Approach – Meaning and
Analysis of transactions using Accounting Equation: Rules of Debit and Credit.
Recording of Transactions: Books of original entry - Journal, Special Purpose
Books:
i) Cash Book - Simple, Cashbook with Bank column and Petty Cashbook,
ii) Purchases Book, Sales Book, Purchase Returns Book, Sales Returns Book;
Ledger-meaning, utility, format; posting from Journal and Subsidiary books;
Balancing of Accounts.
Bank Reconciliation Statement: Meaning, Need and Preparation, Corrected Cash
Book Balance
Unit 4: Trial Balance and Rectification of Errors (Periods 22)
Trial Balance: meaning, objectives and preparation.
Errors: Types of Errors; errors affecting Trial Balance; errors not affecting
Trial Balance.
Detection and Rectification of Errors (One Sided and Two Sided); use of Suspense
Account.
Unit 5: Depreciation, Provisions and Reserves (Periods 22)
Depreciation: Meaning and need for charging depreciation, factors affecting
depreciation, methods of depreciation-Straight Line method, Written Down Value
method (excluding change in method), Method of recording depreciation-charging
to asset account, creating provision for depreciation/accumulated depreciation
account; Treatment of disposal of asset. Provisions and Reserves: meaning,
importance, difference between Provisions and Reserves, types of Reserves:
Revenue Reserve, Capital Reserve, General Reserve, Specific Reserve and Secret
Reserves;
Unit 6: Accounting for Bills of Exchange Transactions (Periods 22)
Bills of exchange and Promissory Note: definition, features, parties, specimen
and distinction.
Important Terms: Term of Bill, Accommodation Bill, Days of Grace, Date of
Maturity, Bill at Sight, Negotiation, Endorsement, Discounting of Bill,
Dishonour, Retirement and Renewal of a Bill. Accounting treatment of trade
bills.
Part B: Financial Accounting - II (Periods 104)
Unit 7: Financial Statements (Periods 44)
Financial statements: meaning and users. Distinction between Capital
Expenditure and Revenue Expenditure Trading and Profit and Loss Account:
Gross Profit, Operating Profit; Net Profit Balance Sheet: need, grouping
and marshalling of Assets and Liabilities, Vertical Presentation of Financial
Statement. Adjustments in preparation of financial statements with respect
to closing stock, outstanding expenses, prepaid expenses, accrued Income, Income
received In advance, depreciation and bad debts, provision for doubtful debts,
provision for discount on debtors, manager's commission. Preparation of
Trading and Profit & Loss Account and Balance Sheet of sole proprietorship.
Unit 8: Accounts from incomplete records (Periods 6)
Incomplete records : meaning, uses and limitations. Ascertainment of profit/loss
by statement of affairs method.
Unit 9: Computers in Accounting (Periods 18)
Introduction to Computer and Accounting Information System (AIS)
Applications of computers in accounting:- Automation of accounting process,
designing accounting reports, MIS reporting, data exchange with other
information systems Comparison of accounting processes in manual and
computerized accounting, highlighting advantages and limitations of automation
Sourcing of accounting system: readymade and customized and tailor-made
accounting system. Advantages and disadvantages of each option.
Unit 10: Accounting and Database System (Periods 18)
Accounting and Database Management System Concept of entity and
relationship: entities and relationships in an Accounting System: designing and
creating simple tables, forms, queries and reports in the context of Accounting
System.