Class 11 Cbse Accountancy Syllabus 2011-12


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Cbse 11 class accountancy syllabus 2011-12 -

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Class 11 Cbse Accountancy Syllabus 2011-12

  1. 1. w w w 209 CLASS XI One Paper 3 Hours 100 Marks Units Periods Marks PartA: FinancialAccounting-I 1. IntroductiontoAccounting 10 5 2. TheoryBaseofAccounting 14 7 3. RecordingofTransactions 18 9 4. Preparation of Ledger,Trial Balance and Bank ReconciliationStatement. 18 9 5. Depreciation,ProvisionandReserves 16 8 6. AccountingforBillsofExchange 16 8 7. RectificationofErrors 14 7 8. Financialstatementsofsoleproprietorship 24 12 130 65 Part B: FinancialAccounting-II 9. Financialstatementsofnot-for-profitorganizations 22 10 10. Accountsfromincompleterecords 14 5 11. ComputersinAccounting 22 10 12. Project Work 22 10 80 35 CLASS XI PartA: FinancialAccounting - I (Periods 120) Unit 1: Introduction to Accounting (Periods 10) ã Accounting-objectives,advantagesandlimitations,typesofaccountinginformation;users ofaccountinginformationandtheirneeds. Basicaccountingterms:businesstransaction,account,capital,drawings,liability(internal &external,longterm&shortterm)asset(tangible&intangible,fixed,current,liquidand fictitious)receipts(capital&revenue),expenditure(capital,revenue&deferred),expense, income, profits, gains and losses, purchases, sales, stock, debtors, bills receivable, creditors, bills payable, goods, cost, vouchers, discount - trade and cash. Unit 2: Theory Base of Accounting (Periods 14) ã Fundamentalaccountingassumptions:goingconcern,consistency,andaccrual. ã Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect. ã Doubleentrysystem. ã Basis of accounting - cash basis and accrual basis. ã Accounting standards: concept & objective. IFRS (International Financial Reporting Standards).
  2. 2. w w w 210 Unit 3: Recording of Transactions (Periods 18) ã Accountingequation:analysisoftransactionsusingaccountingequation. ã Rulesofdebitandcredit:forassets,liabilities,capital,revenueandexpenses. ã Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers - cash (debit & credit) and non cash (transfer). ã Books of original entry: format and recording - Journal. ã Cash book: simple, cash book with bank column, petty cash book, ã Other books: purchases book, sales book, purchases returns book, sales returns book, bills receivable book, bills payable book and journal proper. Unit 4: Preparation of Ledger, Trial Balance and Bank Reconciliation Statement (Periods 18) ã Ledger-format,postingfromjournal,cashbookandotherspecialpurposebooks,balancing ofaccounts. ã Trialbalance:objectivesandpreparation ã Bank reconciliation statement: need and preparation. Corrected cash book balance. Unit 5: Depreciation, Provisions and Reserves (Periods 16) ã Depreciation:concept,needandfactorsaffectingdepreciation;methodsofcomputation of depreciation: straight line method, written down value method (excluding change in method) ã Accountingtreatmentofdepreciation:bychargingtoassetaccount,bycreatingprovision for depreciation/ accumulated depreciation account, treatment of disposal of asset. ã Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve, specific reserves and secret reserves. Unit 6: Accounting for Bills of Exchange (Periods 16) ã Billsofexchangeandpromissorynote:definition,features,parties,specimenanddistinction. ã Important terms : term of bill ,due date, days of grace, date of maturity, bill at sight, bill afterdate,discountingofbill,endorsementofbill,billsentforcollection, dishonorofbill, notingofbill,retirementandrenewalofabill,insolvencyofacceptor. ã Accountingtreatmentofbilltransactions
  3. 3. w w w 211 Unit 7: Rectification of Errors (Periods 14) ã Errors:types-errorsofomission,commission,principles,andcompensating;Theireffect onTrialBalance. ã Detection and rectification of errors; preparation of suspense account. Unit 8: Financial Statements of Sole proprietorship (Periods 24) ã FinancialStatements:objectiveandimportance. ã Trading and profit and loss account: gross profit, operating profit and net profit. ã BalanceSheet:need,grouping,marshallingofassetsandliabilities. ã Adjustmentsinpreparationoffinancialstatements:withrespecttoclosingstock,outstanding expenses,prepaidexpenses,accruedincome,incomereceivedinadvance,depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, manager's commission, abnormal loss, goods taken for personal use and goods distributed as free sample. ã Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship. Part B: Financial Accounting-II Unit 9: Financial Statements of not-for-Profit Organizations (Periods22) ã Not-for-profitorganizations:concept. ã Receipts and payment account: features. ã Incomeandexpenditureaccount: features.preparationofincomeandexpenditureaccount andbalancesheetfromthegivenreceiptandpaymentaccountwithadditionalinformation. Unit 10: Accounts from Incomplete Records (Periods 14) ã Incompleterecords:useandlimitations. ã Ascertainmentofprofit/lossbystatementofaffairsmethod. Unit 11: Computers in Accounting (Periods 22) ã IntroductiontoComputerandAccountingInformationsystem{AIS} ã Application of computers inAccounting: automation of accounting process, designing accountingreports,MISreporting,dataexchangewithotherinformationsystems. ã Comparisonofaccountingprocessinmanualandcomputerizedaccountinghighlighting advantages and limitations of automation.sourcing of accounting system: Readymade, customized and tailormade accounting system.Advantages and disadvantages of each option.
  4. 4. w w w 212 ã Accountinganddatabasesystem o AccountinganddatabaseManagementsystem. o Conceptofentityandrelationship:entitiesandrelationshipsinanAccountingsystem: designingandcreatingsimpletables,forms,andreportsinthecontextofaccounting system. Unit 12: Project Work (Any One) (Periods 22) 1. Collection of Source Documents, Preparation ofVouchers, Recording ofTransactions with the help of vouchers. 2. PreparationofBankReconciliationStatementwiththehelpofgivenCashbookandPass book. 3. Project Work on any Windows based Accounting package: Installing & starting the package, setting up a new Company, Setting up account heads, voucher entry, viewing andeditingdata.