6-Days Study Plan: Theory Base of Accounting - Accountancy Class 11

Introduction

Theory Base of Accounting forms the foundation for understanding essential accounting principles and concepts that govern financial recording and reporting.
This study plan is designed to help students master these fundamental ideas through a balanced approach combining reading materials, videos, and assessments.
Using comprehensive resources ensures a thorough understanding and better retention of important concepts.

Chapter Overview

Accounting Concepts: Business Entity, Going Concern, Money Measurement, Materiality, Conservatism, Accrual, Accounting Period
Accounting Principles and Conventions: Generally Accepted Accounting Principles (GAAP), Full Disclosure
Cash vs Accrual Accounting
Goods and Service Tax (GST) Introduction
Practice and Assessment: Worksheets, Tests on Ledgers, Journal Entries, and Theory Base

Study Plan

Day 1: Fundamental Accounting Concepts

Watch Business Entity Concept to understand the separation of business and owner.
Watch Going Concern Concept to learn about continuity assumptions in accounting.
Read Chapter Notes: Theory base of Accounting for detailed explanations on these concepts.

Day 2: Core Concepts and Principles

Watch Money Measurement Concept to understand how financial events are recorded.
Watch Materiality Concept (in detail) to grasp the significance of material information.
Watch Accounting Principles to get an overview of the guiding principles in accounting.

Day 3: Conservatism, Accrual, and Periodicity

Watch Conservatism Concept (in detail) to understand cautious financial reporting.
Watch Accrual Concept to learn about revenue and expense recognition.
Watch Accounting Period (Periodicity) Concept to know about dividing financial information over time.

Day 4: Principles, Conventions, and GST Introduction

Watch What is GAAP? (Generally Accepted Accounting Principles) to understand standard accounting rules.
Watch Accounting Conventions: Full Disclosure to learn about transparency in accounting.
Read Introduction to Goods and Service Tax (GST) for an overview of GST basics.

Day 5: Practice and Applied Learning

Complete the Worksheet: Theory Base of Accounting for hands-on practice.
Review the Worksheet Solutions: Theory Base of Accounting to check your answers and clarify doubts.
Take Test: Theory Base Of Accounting - 1 to assess your understanding.

Day 6: Revision and Assessment

Review your notes and revisit the Short Notes: Theory Base of Accounting.
Explore the Mind Map: Theory Base of Accounting for a visual summary of key ideas.
Take the Test: Theory Base Of Accounting - 2 for a final self-assessment.
Attempt additional tests on ledgers and journal entries to consolidate practical knowledge:

Important Links

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6-Days Study Plan: Theory Base of Accounting Notes

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Table of contents
Introduction
Chapter Overview
Study Plan
Important Links

6-Days Study Plan: Theory Base of Accounting | Accountancy Class 11 - Commerce PDF Download

Introduction

Chapter Overview

Study Plan

Day 1: Fundamental Accounting Concepts

Day 2: Core Concepts and Principles

Day 3: Conservatism, Accrual, and Periodicity

Day 4: Principles, Conventions, and GST Introduction

Day 5: Practice and Applied Learning

Day 6: Revision and Assessment

Important Links

Accountancy Class 11

Accountancy Class 11

Extra Questions

Exam

mock tests for examination

Objective type Questions

MCQs

practice quizzes

pdf