|
CBSE Syllabus
CLASS XI
Accountancy
One Paper 3 Hours 100 Marks
Applicable for 2009
March Examination (2010 curriculum)
Part A : Financial Accounting-I
1. Introduction to Accounting 7 marks
2. Theory Base of Accounting 7 marks
3. Recording of Business Transactions 16 marks
4. Trial Balance and Rectification of Errors 8 marks
5. Depreciation, Provision and Reserves 12 marks
6. Accounting for Bills of Exchange Transactions 10 marks
Part B: Financial Accounting-II
7. Financial statements 25 marks
8. Accounts from incomplete records 5 marks
9. Computers in Accounting 6 marks
10. Accounting and Database System 4 marks
CLASS XI
Detailed Syllabus
Part A: Financial Accounting - I (Periods 120)
Chapter 1:
Introduction to Accounting (7
marks)
Accounting- meaning, objectives, Accounting as source of
information, internal andexternal 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.
Chapter 2:
Theory Base of Accounting (7
marks)
Accounting Principles - meaning and natureAccounting 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
Chapter 3:
Recording of Business Transactions (16
marks)
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.
Chapter 4:
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.
Chapter 5:
Recording of Business Transactions - Bank Reconciliation Statement: Meaning, Need and Preparation,
Corrected Cash Book Balance
Chapter6:
Trial Balance and
Rectification of Errors (8 marks)
Trial Balance: meaning, objectives and preparation.
Errors: Types of Errors: Errors of omission, commission,
principles and compensating errors affecting Trial Balance; errors not affecting Trial Balance.
Detection and Rectificition of Errors (One Sided and Two Sided);
use of Suspense Account.
Chapter 7:
Depreciation, Provisions and Reserves (12
marks)
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 ofasset.
Provisions and Reserves: meaning, importance, difference between
Provisions and
Reserves, types of Reserves: Revenue Reserve, Capital Reserve,
General Reserve, Specific
Reserve and Secret Reserves.
Chapter 8:
Accounting for Bills of
Exchange Transactions (10 marks)
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 and
accommodation bills.
Part B: Financial Accounting - II (Periods 104)
Chapter 9:
Financial Statements (25
marks)
Financial statements: meaning and users.
Capital Expenditure and Deferred Revenue Expenditure Trading and Profit and Loss Account: Gross Profit, Operating and
net profit.
Balance Sheet: need, grouping and marshalling of Assets and
Liabilities. Vertical and
Horizontal Presentation of Financial Statements.
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.
Chapter 10:
Accounts from incomplete
records (5 marks)
Incomplete records : meaning, uses and limitations. Ascertainment of
profit/loss by statement
of affairs method, conversion method.
Chapter 11:
Computers in Accounting (6
marks)
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.
Chapter 12:
Accounting and Database
System (4 marks)
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
|
