cbse class 11 Accountancy syllabus 2017-2018 session

    cbse class 11 accountancy syllabus
    cbse class 11 accountancy syllabus

    Hi friends, today we are going to discuss you about the latest accountancy class 11 Syllabus of CBSE Class 11 Accountancy. As we all know that in this fast changing economic scenario and business environment, elementary business education along with accountancy as the language of business and as a source of financial information has carved out a place for itself at the Senior School stage. Its syllabus content should give students a firm foundation in basic accounting principles and methodology and also acquaint them with the changes taking place in the presentation and analysis of accounting information, keeping in view the development of accounting standards and use of computers.

    As you know very well that Central Board of Secondary Education (CBSE) has its own curriculum and syllabus designed for the students and they hold the supreme authority to change it further for the benefit of students. So it is always a wise decision to keep an eye on what happening around with the subject you are going to learn. This year CBSE made little bit changes in class 11 Accountancy syllabus.


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    Account books for class 11th Accountancy

    For Accountancy of class XI, one can opt from the list of books listed below.

    • Double Entry Book Keeping Accountancy By T.S.Grewal,
    • Accountancy by D.K.Goel
    • Accountancy for Class XI (Sultan Chand and Sons)
    • NCERT Accountancy book class 11( NCERT Publication)

    Overview of CBSE Class 11 Accountancy Syllabus, Chapter wise Accountancy syllabus for class 11, Class XI Accountancy syllabus for session 2017-2018.

                     Accountancy (Code No.055) Course Class-XI (2017-18)

    Unit   Periods Marks
    Part A: Financial Accounting
    Unit 1: Theoretical Framework 25 15
    Unit 2: Accounting Process 95 35
    120 50
    Part B: Financial Accounting-II
    Unit-3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records 40 15
    Unit-4: Financial Statements of Not-for-Profit Organizations 30 15
    Unit-5: Computers in Accounting 20 10
    90 40
    Part C: Project Work 30 10


    CBSE class 11 Accountancy syllabus’ chapter details in brief

    Now Let us have a brief look at the salient features asked in CBSE class 11 Accountancy syllabus.


    Unit-1: Theoretical Frame Work

    (A) Introduction to Accounting: 

    • Accounting-concept, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
    • Basic accounting terms: business transaction, account, capital, drawings, liabilities (non – current and current); assets (non-current and current) fixed assets (tangible and intangible assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, goods, stock, inventory, trade receivables (debtors and bills receivable), trade payable (creditors and bills payable), cost, vouchers, discount – trade and cash.

    (B) Theory Base Accounting: 

    • Fundamental accounting assumptions: going concern, consistency, and accrual.
    • Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
    • Accounting Standards and IFRS (International Financial Reporting Standards): concept and objectives
    • Double entry system of accounting.
    • Basis of accounting – cash basis and accrual basis.

    Unit-2: Accounting Process

    (A) Recording of Transactions

    • Accounting equation: analysis of transactions using accounting equation.
    • Rules of debit and credit: for assets, liabilities, capital, revenue and expenses.
    • Origin of transactions- source documents/ supporting vouchers (invoice, cash memo, pay in slip, cheque), debit note, credit note, preparation of accounting vouchers – cash (debit and credit) and noncash (transfer)
    • Books of original entry: format and recording – Journal.
    • Cash book: simple cash book and cash book with bank column petty cash book.
    • Other books: purchases book, sales book, purchases return book, sales returns book and journal proper.

    (B) Preparation of Bank Reconciliation Statement, Ledger and Trial Balance

    • Bank reconciliation statement- concept, calculating bank balance at an accounting date: need and preparation. Corrected cash book balance.
    • Ledger – format, posting from a journal, cash book, and other special purpose books, balancing of accounts.
    • Trial balance: objectives and preparation (Scope: Trial balance with balance method only)

    (C) Depreciation, Provisions, and Reserves. 

    • Accounting for Bills of Exchange.
    • Rectification of Errors
    • Depreciation: concept need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)
    • Accounting treatment of depreciation: by charging to an asset account, by Creating provision for depreciation/ accumulated depreciation account, treatment of disposal of an asset.
    • Provisions and reserves: concept, objectives, and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve and specific reserves

     (D) Accounting of Bill Exchange

    • Bills of exchange and promissory note: definition, features, parties, specimen and distinction.
    • Important terms: term of a bill, due date, days of grace, date of maturity, discounting of a bill, endorsement of bill, bill sent for collection, dishonor of bill, noting of a bill, retirement, and renewal of a bill.
    •  Accounting treatment of bill transactions.

     (E) Rectification of Errors

    • Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
    • Detection and rectification of preparation of suspense account.

    Part B: Financial Accounting – II

    Unit 3: Financial Statements of Sole Proprietorship:

    • Financial Statements: objective and importance.
    • Trading and Profit and Loss Account, gross profit, operating profit and net profit.
    • Balance sheet: need, grouping, marshaling of assets and liabilities.
    • 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, goods distributed as free samples and manager’s Commission.
    • Preparation of Trading and Profit and LOSS account and Balance Sheet of Sole proprietorship.
    • Incomplete records: uses and limitations. o Ascertainment of profit/loss by the statement of affairs method.

    Unit 4: Financial Statements of Not-for-Profit Organizations

    • Not-for-profit organizations: concept.
    • Receipts and Payments Account features and preparation.
    • Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information.

    (i) Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumables, and sale of assets / old material.
    (ii) Entrance/admission fees and general donations are to be treated as revenue receipts.
    (iii) Trading Account of incidental activities is not to be prepared.

    Unit 5: 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 MAIS
    • Automation of accounting process: meaning
    • Stages in automation: (a) Accounting process in a computerized environment; comparison between manual accounting process and Computerized accounting process, (b) Sourcing of accounting software; kinds of software: ready made software; customized 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.

    (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)

    Accountancy project for class 11 includes the practical module of Business accountancy.Here is the list of accounts project class 11.

    1. The 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 twenty-five transactions.
    3. Comprehensive project starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance. The students will then prepare Trading and Profit and Loss Account and Balance Sheet on the basis of the prepared trial balance. Expenses, incomes, and profit (loss), assets and liabilities are to be depicted using pie chart/bar diagram.
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