Syllabus - Accountancy, Class 11 - Commerce PDF Download

 Page 1


 
 
ACCOUNTANCY (Code No. 055) 
 
 
Rationale 
 
The course in accountancy is introduced at plus two stage of 
senior second of school education, as the formal commerce 
education is provided after ten years of schooling. With the fast 
changing economic scenario, accounting as a source of financial 
information has carved out a place for itself at the senior 
secondary stage. Its syllabus content provide students a firm 
foundation in basic accounting concepts and methodology and 
also acquaint them with the changes taking place in the 
preparation and presentation of financial statements in 
accordance to the applicable accounting standards and the 
Companies Act 2013. 
 
The course in accounting put emphasis on developing basic 
understanding about accounting as an information system. The 
emphasis in class Xi is placed on basic concepts and process of 
accounting leading to the preparation of accounts for a sole 
proprietorship firm. The students are also familiarized with basic 
calculations of Goods and Services Tax (GST) in recording the 
business transactions. The accounting treatment of GST is 
Page 2


 
 
ACCOUNTANCY (Code No. 055) 
 
 
Rationale 
 
The course in accountancy is introduced at plus two stage of 
senior second of school education, as the formal commerce 
education is provided after ten years of schooling. With the fast 
changing economic scenario, accounting as a source of financial 
information has carved out a place for itself at the senior 
secondary stage. Its syllabus content provide students a firm 
foundation in basic accounting concepts and methodology and 
also acquaint them with the changes taking place in the 
preparation and presentation of financial statements in 
accordance to the applicable accounting standards and the 
Companies Act 2013. 
 
The course in accounting put emphasis on developing basic 
understanding about accounting as an information system. The 
emphasis in class Xi is placed on basic concepts and process of 
accounting leading to the preparation of accounts for a sole 
proprietorship firm. The students are also familiarized with basic 
calculations of Goods and Services Tax (GST) in recording the 
business transactions. The accounting treatment of GST is 
 
 
confined to the syllabus of class XI. 
 
The increased role of ICT in all walks of life cannot be 
overemphasized and is becoming an integral part of business 
operations. The learners of accounting are introduced to 
Computerized Accounting System at class XI and XII. 
Computerized Accounting System is a compulsory component 
which is to be studied by all students of commerce in class XI; 
whereas in class XII  it is offered as an optional subject to 
Company Accounts and Analysis of Financial Statements. This 
course is developed to impart skills for designing need based 
accounting database for maintaining book of accounts. 
 
The complete course of Accountancy at the senior secondary 
stage introduces the learners to the world of business and 
emphasize on strengthening the fundamentals of the subject. 
 
Objectives: 
 
 
1. To familiarize students with new and emerging areas in the 
preparation and presentation of financial statements. 
2. To acquaint students with basic accounting concepts and 
accounting standards. 
3. To develop the skills of designing need based accounting 
database. 
Page 3


 
 
ACCOUNTANCY (Code No. 055) 
 
 
Rationale 
 
The course in accountancy is introduced at plus two stage of 
senior second of school education, as the formal commerce 
education is provided after ten years of schooling. With the fast 
changing economic scenario, accounting as a source of financial 
information has carved out a place for itself at the senior 
secondary stage. Its syllabus content provide students a firm 
foundation in basic accounting concepts and methodology and 
also acquaint them with the changes taking place in the 
preparation and presentation of financial statements in 
accordance to the applicable accounting standards and the 
Companies Act 2013. 
 
The course in accounting put emphasis on developing basic 
understanding about accounting as an information system. The 
emphasis in class Xi is placed on basic concepts and process of 
accounting leading to the preparation of accounts for a sole 
proprietorship firm. The students are also familiarized with basic 
calculations of Goods and Services Tax (GST) in recording the 
business transactions. The accounting treatment of GST is 
 
 
confined to the syllabus of class XI. 
 
The increased role of ICT in all walks of life cannot be 
overemphasized and is becoming an integral part of business 
operations. The learners of accounting are introduced to 
Computerized Accounting System at class XI and XII. 
Computerized Accounting System is a compulsory component 
which is to be studied by all students of commerce in class XI; 
whereas in class XII  it is offered as an optional subject to 
Company Accounts and Analysis of Financial Statements. This 
course is developed to impart skills for designing need based 
accounting database for maintaining book of accounts. 
 
The complete course of Accountancy at the senior secondary 
stage introduces the learners to the world of business and 
emphasize on strengthening the fundamentals of the subject. 
 
Objectives: 
 
 
1. To familiarize students with new and emerging areas in the 
preparation and presentation of financial statements. 
2. To acquaint students with basic accounting concepts and 
accounting standards. 
3. To develop the skills of designing need based accounting 
database. 
 
 
4. To appreciate the role of ICT in business operations. 
5. To develop an understanding about recording of business 
transactions and preparation of financial statements. 
6. To enable students with accounting for Not-for-Profit 
organizations, accounting for Partnership Firms and 
company accounts. 
Page 4


 
 
ACCOUNTANCY (Code No. 055) 
 
 
Rationale 
 
The course in accountancy is introduced at plus two stage of 
senior second of school education, as the formal commerce 
education is provided after ten years of schooling. With the fast 
changing economic scenario, accounting as a source of financial 
information has carved out a place for itself at the senior 
secondary stage. Its syllabus content provide students a firm 
foundation in basic accounting concepts and methodology and 
also acquaint them with the changes taking place in the 
preparation and presentation of financial statements in 
accordance to the applicable accounting standards and the 
Companies Act 2013. 
 
The course in accounting put emphasis on developing basic 
understanding about accounting as an information system. The 
emphasis in class Xi is placed on basic concepts and process of 
accounting leading to the preparation of accounts for a sole 
proprietorship firm. The students are also familiarized with basic 
calculations of Goods and Services Tax (GST) in recording the 
business transactions. The accounting treatment of GST is 
 
 
confined to the syllabus of class XI. 
 
The increased role of ICT in all walks of life cannot be 
overemphasized and is becoming an integral part of business 
operations. The learners of accounting are introduced to 
Computerized Accounting System at class XI and XII. 
Computerized Accounting System is a compulsory component 
which is to be studied by all students of commerce in class XI; 
whereas in class XII  it is offered as an optional subject to 
Company Accounts and Analysis of Financial Statements. This 
course is developed to impart skills for designing need based 
accounting database for maintaining book of accounts. 
 
The complete course of Accountancy at the senior secondary 
stage introduces the learners to the world of business and 
emphasize on strengthening the fundamentals of the subject. 
 
Objectives: 
 
 
1. To familiarize students with new and emerging areas in the 
preparation and presentation of financial statements. 
2. To acquaint students with basic accounting concepts and 
accounting standards. 
3. To develop the skills of designing need based accounting 
database. 
 
 
4. To appreciate the role of ICT in business operations. 
5. To develop an understanding about recording of business 
transactions and preparation of financial statements. 
6. To enable students with accounting for Not-for-Profit 
organizations, accounting for Partnership Firms and 
company accounts. 
 
 
Accountancy (Code No.055) 
Course 
Structure 
Class-XI 
(2019-20) 
 
Theory: 80 Marks 3 
Hours 
Project: 20 Marks 
 
Units  Periods Marks 
Part A: Financial Accounting-1   
 Unit-1: Theoretical Framework 25 12 
 Unit-2: Accounting Process 105 40 
Part B: Financial Accounting-II   
 Unit-3: Financial Statements of Sole 
Proprietorship from Complete and 
Incomplete Records 
55 20 
 Unit-4: Computers in Accounting 15 08 
    
Part C: Project Work 20 20 
 
PART A: FINANCIAL ACCOUNTING - I 
Page 5


 
 
ACCOUNTANCY (Code No. 055) 
 
 
Rationale 
 
The course in accountancy is introduced at plus two stage of 
senior second of school education, as the formal commerce 
education is provided after ten years of schooling. With the fast 
changing economic scenario, accounting as a source of financial 
information has carved out a place for itself at the senior 
secondary stage. Its syllabus content provide students a firm 
foundation in basic accounting concepts and methodology and 
also acquaint them with the changes taking place in the 
preparation and presentation of financial statements in 
accordance to the applicable accounting standards and the 
Companies Act 2013. 
 
The course in accounting put emphasis on developing basic 
understanding about accounting as an information system. The 
emphasis in class Xi is placed on basic concepts and process of 
accounting leading to the preparation of accounts for a sole 
proprietorship firm. The students are also familiarized with basic 
calculations of Goods and Services Tax (GST) in recording the 
business transactions. The accounting treatment of GST is 
 
 
confined to the syllabus of class XI. 
 
The increased role of ICT in all walks of life cannot be 
overemphasized and is becoming an integral part of business 
operations. The learners of accounting are introduced to 
Computerized Accounting System at class XI and XII. 
Computerized Accounting System is a compulsory component 
which is to be studied by all students of commerce in class XI; 
whereas in class XII  it is offered as an optional subject to 
Company Accounts and Analysis of Financial Statements. This 
course is developed to impart skills for designing need based 
accounting database for maintaining book of accounts. 
 
The complete course of Accountancy at the senior secondary 
stage introduces the learners to the world of business and 
emphasize on strengthening the fundamentals of the subject. 
 
Objectives: 
 
 
1. To familiarize students with new and emerging areas in the 
preparation and presentation of financial statements. 
2. To acquaint students with basic accounting concepts and 
accounting standards. 
3. To develop the skills of designing need based accounting 
database. 
 
 
4. To appreciate the role of ICT in business operations. 
5. To develop an understanding about recording of business 
transactions and preparation of financial statements. 
6. To enable students with accounting for Not-for-Profit 
organizations, accounting for Partnership Firms and 
company accounts. 
 
 
Accountancy (Code No.055) 
Course 
Structure 
Class-XI 
(2019-20) 
 
Theory: 80 Marks 3 
Hours 
Project: 20 Marks 
 
Units  Periods Marks 
Part A: Financial Accounting-1   
 Unit-1: Theoretical Framework 25 12 
 Unit-2: Accounting Process 105 40 
Part B: Financial Accounting-II   
 Unit-3: Financial Statements of Sole 
Proprietorship from Complete and 
Incomplete Records 
55 20 
 Unit-4: Computers in Accounting 15 08 
    
Part C: Project Work 20 20 
 
PART A: FINANCIAL ACCOUNTING - I 
 
 
 
Unit-1: Theoretical Frame Work 
 
Units/Topics Learning Outcomes 
Introduction to Accounting 
• Accounting- concept, 
objectives, advantages and 
limitations, types of 
accounting information; 
users of accounting 
information and their 
needs. Qualitative 
Characteristics of 
Accounting Information. 
Role of Accounting in 
Business. 
• Basic Accounting Terms- 
Business Transaction, 
Capital, Drawings. 
Liabilities (Non Current 
and Current). Assets (Non 
Current, Current); Fixed 
assets (Tangible and 
Intangible), Expenditure 
After going through this 
Unit, the students will be 
able to: 
• describe the meaning, 
significance, objectives, 
advantages and 
limitations of 
accounting in the 
modem economic 
environment with 
varied types of business 
and non-business 
economic entities. 
• identify / recognise the 
individual(s) and 
entities that use 
accounting information 
for serving their needs 
of decision making.