WEEK WISE SYLLABUS CLASS XI SUBJECT - ACCOUNTANCY

Transcription

1 WEEK WISE SYLLABUS CLASS XI SUBJECT - ACCOUNTANCY Date To UNIT-1 Introduction to accounting, objectives, advantages and limitations of accounting, types of accounting information, users of accounting information and their needs To UNIT-2 Basic accounting terms:-business transaction, account, capital, drawings, liability (internal, external, long term and short term) assets (tangible, intangible, fixed current, liquid and fictitious assets) receipts (capital and revenue), expenditure (capital, revenue and deferred revenue expenses), income, profit and gain, losses, purchases, sales, stock, debtors, bills receivable, creditors, bills payable, goods, cost, vouchers discount (trade and cash) Theory base of accounting, Fundamental accounting Assumption going concern, consistency and accrual To UNIT-2 Accounting principles:-accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost, matching and dual aspect concept double entry system, basis of accounting, cash basis and accrual basis, accounting standards :-concept and objectives IFRS(international financial reporting standard) To UNIT-3 Recording of transactions Recording of transactions accounting equations, analysis of transactions using accounting equations, rules of debit and credit for assets, liabilities, capital, revenue and expenses, origin of transaction source documents(invoice, cash memo, pay-in slip, cheque) Preparation of vouchers cash(debit and credit) voucher and non cash (transfer vouchers) YUVA Session: 3.2- Choice not chance determines destiny

2 To UNIT-3 Books of original entry: format and recording journal, posting from journal, ledger posting To UNIT-3 Cash book simple cash book with bank column, petty cash book (preparation and practice) YUVA Session 11.7 I like Home cooked food! To UNIT-3 Other special purpose books: Purchase books, sales books, purchase return book, sales return book, bills receivable book, bills payable book and journal proper To UNIT-4 Preparation of ledger, trial balance and bank reconciliation statement Ledger - posting from journal, cash book and other special purpose books, balancing of accounts, trial balance objectives & preparation, To Bank reconciliation statements:-need and preparation, corrected cash book balance To REVISION unit 1 & To REVISION unit YUVA Session Empowered to save power! CCEP To REVISION UNIT To SUMMMATIVE ASSESSMENT To UNIT-5 Provisions and reserve :-concept, objectives, difference between reserve and provision, different types of reserves To UNIT-5 Depreciation, concept, need, and factors affecting depreciation methods of computation of depreciation, straight line method, written down value method (excluding change in method) To AUTUMN BREAK

3 to UNIT-5 Accounting treatment of depreciation by charging to asset account, by creating provision for depreciation account / accumulated depreciation account, treatment of disposal of assets To UNIT-6 Accounting for bills of exchange, bills of exchange and promisonary note, definition, nature, feature, parties, specimen and distinction important terms: term of bil,l due date, days of grace, date of maturity, bill at sight, bill after date, discounting of bill, endorsement of bill, bill sent for collection, dishonor of bill, noting of bill, retirement and removal of bill, insolvency of acceptor To UNIT-7 Accounting treatment of bills transaction Rectification of Errors, Types of Errors, Errors of omission, Principle Commission & Compensating Errors. Their effects on Trial Balance To UNIT-7 Rectification of Errors, Dictation & Rectification of Errors, Preparation of Suspense Account. Financial statement of sole proprietorship:-financial statement, meaning, objectives and importance Trading and profit and loss account, gross profit, operating profit and net profit To Balance sheet need, grouping, marshalling of assets and liabilities. Adjustment in preparation of financial statements with respect to closing stock, out standing expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, manager s commission, abnormal losses To Goods taken for personal use, goods distributed as free sample preparation of trading and profit and loss account and balance sheet of sole proprietorship To UNIT-9 Financial statement for nonprofit organization - concepts, receipts and payments account, feature, preparation income and expenditure account features

4 To Preparation of income and expenditure account and balance sheet from the given receipt and payment account and with additional information To REVISION UNIT-5,6, CCEP REVISION UNIT To UNIT-10 Accounts from incomplete records, incomplete records, meaning, uses, limitations To Ascertainment of profit and loss by statement of affairs method To WINTER BREAK To UNIT-11 Computer in Accounting, Introduction to Computer & Accounting Information System(AIS)Application of Computer in Accounting TO Automation of Accounting Process, designing accounting reports, MIS Reporting, Data Exchange with other Information Systems, Comparison of accounting process in Manual & Computerized Accounting, High lighting, advantages and limitations of automation TO Sourcing of Accounting Systems, readymade customized & tailor made Accounting Systems.Adavantages & disadvantages, Accounting & database Management Systems Concept of Entity & Relationships in Accounting Systems, designing & Creating Simple table, Forms & Reports in the Context of Accounting Systems To Project Work (Any one) Collection of Source Documents, Preparation of Vouchers, Recording of Transactions with the help of Vouchers. Preparation of Bank Reconciliation Statements with the help of given Cash Book & Pass Book

5 To Project Work on Any window based accounting Package, Installing & Starting the package, Setting up a new Company, Setting up Accounts heads, voucher entry, viewing and editing data To Revision Units-1,2,3,4,5,6,7 & To Revision Units-9,10 & To Annual Examination & results